Paris – 22nd June, 2009 Sebastián Muriel President (XB RL   Spain)  http://www.xbrl.es General Manager (red.es)  http://ww...
<ul><li>Spain is considered to be ahead of the XB RL  development due to the  efforts fulfilled by the public and private ...
<ul><li>Traditionally, business that have been more active in XBRL are the  most  regulated sectors , especially the compa...
<ul><li>So far, major economic institutions and main financials companies have boost/encouraged the initiative of the XB R...
The spanish public administration framework 17 Regional Governments  2 Autonomous cities  50 Provinces 8.107 Local Entitie...
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) <ul><li>On February 10th, it was published in BOE JUS/206/2009 the order on the  presentation of annua...
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 on...
CSR with XB RL <ul><li>CSR ( Corporate Social Responsibility ) lacks of a minimum of clarity, is too industry-specific and...
CSR with XB RL  (taxonomy)
CSR with XB RL:  1st real example
XB RL  in Latin America <ul><li>The Spanish Ministry of Foreign Affairs has approved the application for  XB RL  Spain  to...
Thank  you !!  .. any q uestions  ?? XB RL  Spain [email_address] Tef (+34) 91 212 76 20 ext. 4328 Fax: (+34) 91 555 77 76...
Upcoming SlideShare
Loading in...5
×

IntervencióN Xbrl Spain Paris 09 Smh

320

Published on

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
320
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
7
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

IntervencióN Xbrl Spain Paris 09 Smh

  1. 1. 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
  2. 2. <ul><li>Spain is considered to be ahead of the XB RL development due to the efforts fulfilled by the public and private sector . </li></ul><ul><li>The Public Organizations and Regulatory Councils which have lead the establishment of XB RL in Spain are: </li></ul><ul><li>- Bank of Spain </li></ul><ul><li>- CNMV: National Share Market Commission </li></ul>XB RL in Spain: Strategy Bank of Spain CNMV
  3. 3. <ul><li>Traditionally, business that have been more active in XBRL are the most regulated sectors , especially the companies listed on the national stock exchange: </li></ul><ul><ul><li>- All the companies included in the IBEX 35 index report their quarterly statements using XB RL to the CNMV since July 2005 </li></ul></ul><ul><ul><li>- Most of the Spanish private banks use XB RL for their reporting. e.g. SCH, BBVA, Banco Popular, Caja Madrid, etc. </li></ul></ul>Bank of Spain CNMV IBEX 35 Financial Institutions XB RL in Spain: Strategy
  4. 4. <ul><li>So far, major economic institutions and main financials companies have boost/encouraged the initiative of the XB RL implementation. </li></ul><ul><li>There is an opportunity to move the experience of XB RL into: </li></ul><ul><ul><li>- Local Government </li></ul></ul><ul><ul><li>- Small and Medium enterprises (SMEs) </li></ul></ul>Banco de España CNMV IBEX 35 Financial Institutions SMEs Local Government XB RL in Spain: Strategy <ul><li>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 </li></ul>
  5. 5. 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
  6. 6. XB RL in local budget reporting http://www.e-local.es
  7. 7. XB RL in local budget reporting Web form Excel XBRL 2008 2006 2007
  8. 8. New GAAP (PGC 2007) <ul><li>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) </li></ul><ul><li>It is mandatory to use XB RL as the STANDARD FOR DIGITAL PRESENTATION OF FINANCIAL STATEMENTS </li></ul><ul><li>Either through physical presentation on computer records in the telematics business presentation or by electronic signature </li></ul><ul><li>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) </li></ul>Banco de España CNMV IBEX 35 Financial Institutions SMEs Local institutions
  9. 9. New GAAP (PGC 2007) http://www.pgc2007.info/ http://www.inteco.es/Calidad_del_Software/ /descargas/api_xbrl_pgc2007/
  10. 10. Financial entities Mercantile Register FINANCIAL STATEMENTS Now PGC 2007 Balance The financial statements are generated one time in the same format ( XBRL ) SMEs
  11. 11. CSR with XB RL <ul><li>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 </li></ul><ul><ul><ul><li>A double solution: </li></ul></ul></ul><ul><ul><ul><ul><li>Semantic agreement </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Digital format </li></ul></ul></ul></ul>
  12. 12. CSR with XB RL (taxonomy)
  13. 13. CSR with XB RL: 1st real example
  14. 14. XB RL in Latin America <ul><li>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) </li></ul><ul><li>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 </li></ul>
  15. 15. 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
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×