Paris – 22nd June, 2009 Sebastián Muriel President (XB RL Spain) http://www.xbrl.es General Manager (red.es) http://www.red.es International Steering Committee Spanish Jurisdiction

Spain is considered to be ahead of the XB RL development due to the efforts fulfilled by the public and private sector . The Public Organizations and Regulatory Councils which have lead the establishment of XB RL in Spain are: - Bank of Spain - CNMV: National Share Market Commission XB RL in Spain: Strategy Bank of Spain CNMV

Spain is considered to be ahead of the XB RL development due to the efforts fulfilled by the public and private sector .

The Public Organizations and Regulatory Councils which have lead the establishment of XB RL in Spain are:

- Bank of Spain

- CNMV: National Share Market Commission

Traditionally, business that have been more active in XBRL are the most regulated sectors , especially the companies listed on the national stock exchange: - All the companies included in the IBEX 35 index report their quarterly statements using XB RL to the CNMV since July 2005 - Most of the Spanish private banks use XB RL for their reporting. e.g. SCH, BBVA, Banco Popular, Caja Madrid, etc. Bank of Spain CNMV IBEX 35 Financial Institutions XB RL in Spain: Strategy

Traditionally, business that have been more active in XBRL are the most regulated sectors , especially the companies listed on the national stock exchange:

- All the companies included in the IBEX 35 index report their quarterly statements using XB RL to the CNMV since July 2005

- Most of the Spanish private banks use XB RL for their reporting. e.g. SCH, BBVA, Banco Popular, Caja Madrid, etc.

So far, major economic institutions and main financials companies have boost/encouraged the initiative of the XB RL implementation. There is an opportunity to move the experience of XB RL into: - Local Government - Small and Medium enterprises (SMEs) Banco de España CNMV IBEX 35 Financial Institutions SMEs Local Government XB RL in Spain: Strategy Red.es is a government owned company assigned to the Ministry of Industry , that works closely with the public and private sector, in order to achieve the development and promotion the non-discriminatory use of the Information Society in Spain

So far, major economic institutions and main financials companies have boost/encouraged the initiative of the XB RL implementation.

There is an opportunity to move the experience of XB RL into:

- Local Government

- Small and Medium enterprises (SMEs)

Red.es is a government owned company assigned to the Ministry of Industry , that works closely with the public and private sector, in order to achieve the development and promotion the non-discriminatory use of the Information Society in Spain

The spanish public administration framework 17 Regional Governments 2 Autonomous cities 50 Provinces 8.107 Local Entities PUBLIC PROMOTION ON MASSIVE XBRL USE FOR LOCAL GOVERNMENT FINANTIAL REPORTING Banco de España CNMV IBEX 35 Financial Institutions SMEs Local Government

XB RL in local budget reporting http://www.e-local.es

XB RL in local budget reporting Web form Excel XBRL 2008 2006 2007

New GAAP (PGC 2007) On February 10th, it was published in BOE JUS/206/2009 the order on the presentation of annual accounts under the new GAAP (PGC 2007) It is mandatory to use XB RL as the STANDARD FOR DIGITAL PRESENTATION OF FINANCIAL STATEMENTS Either through physical presentation on computer records in the telematics business presentation or by electronic signature We have developed open source APIs for main ERPs that are used by most of SMEs in Spain (INTECO – Ministry of Industry) (both java and command line) Banco de España CNMV IBEX 35 Financial Institutions SMEs Local institutions

On February 10th, it was published in BOE JUS/206/2009 the order on the presentation of annual accounts under the new GAAP (PGC 2007)

It is mandatory to use XB RL as the STANDARD FOR DIGITAL PRESENTATION OF FINANCIAL STATEMENTS

Either through physical presentation on computer records in the telematics business presentation or by electronic signature

We have developed open source APIs for main ERPs that are used by most of SMEs in Spain (INTECO – Ministry of Industry) (both java and command line)

New GAAP (PGC 2007) http://www.pgc2007.info/ http://www.inteco.es/Calidad_del_Software/ /descargas/api_xbrl_pgc2007/

Financial entities Mercantile Register FINANCIAL STATEMENTS Now PGC 2007 Balance The financial statements are generated one time in the same format ( XBRL ) SMEs

CSR with XB RL CSR ( Corporate Social Responsibility ) lacks of a minimum of clarity, is too industry-specific and the format in which it is based is not suitable to comparisons A double solution: Semantic agreement Digital format

CSR ( Corporate Social Responsibility ) lacks of a minimum of clarity, is too industry-specific and the format in which it is based is not suitable to comparisons

A double solution:

Semantic agreement

Digital format

CSR with XB RL (taxonomy)

CSR with XB RL: 1st real example

XB RL in Latin America The Spanish Ministry of Foreign Affairs has approved the application for XB RL Spain to lead a training course in XB RL with the AECID (Spanish Agency for International Development) in La Antigua (Guatemala) On-line course of Interactive Data for Financial Supervision: this course is aimed at providing introductory knowledge on interactive data in XB RL language and its applications for financial sector supervision

The Spanish Ministry of Foreign Affairs has approved the application for XB RL Spain to lead a training course in XB RL with the AECID (Spanish Agency for International Development) in La Antigua (Guatemala)

On-line course of Interactive Data for Financial Supervision: this course is aimed at providing introductory knowledge on interactive data in XB RL language and its applications for financial sector supervision

Thank you !! .. any q uestions ?? XB RL Spain [email_address] Tef (+34) 91 212 76 20 ext. 4328 Fax: (+34) 91 555 77 76 Plaza Manuel Gómez Moreno, Edificio Bronce, 7ª Planta 28020 Madrid