Mappings Between SBS and IAS/IFRS

X-DISEuropean XBRL

Mappings between SBS and IAS/IFRS

Overview Document

Date2006-08-08

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ACCEPTANCEAND VALIDATION OF WORK

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OIA: The Commission’s responsible in charge of the reception of the work is obliged to act as OIA (Operational initiating agent) for this General Directorate.

OVA: The Commission’s responsible in charge of the final validation of the work is obliged to act as OVA (Operational verifying agent) for this General Directorate

Document Overview

The currentdocument overviews the information concerned to the mapping processbetween the SBS statistical framework as defined by Eurostat and the IAS/IFRS accounting framework.

Despite there is not a unique solution for the mapping process, a default solution will be provided.

Document Stage

The document is public working draft and will allow the public review previous the testing plan of the project.

Index

Document Overview

Document Stage

Index

1Introduction

1.1Document Objectives

1.2Document Structure

1.3Specific terms used in the document

2Business Requirements

3Mapping set for C-I sectors

4Mapping set for credit entities

Apéndice A.Approval process

Apéndice B.References

1

1Introduction

Within the scope of the XDIS Program (XML for Data Interoperability in Statistics), which is being carried out by Eurostat,the Statistical Office of the European Commission, Software AG has been awarded with the initial phase of the XBRL/X-DIS project. This stage targets for astudy on the capabilities and suitability of XBRL technology as mechanism for collecting statistical data delivered by enterprises of each MemberState to their respective NSI.

As a proof of concept for evaluating XBRL suitability, the project scope includes definition and implementations of taxonomies to collect statistics required by some of the Regulations, e.g. SBS, STS, PRODCOM, Balance of Payments, Labour Force, etcetera.The data collected on the basis of the SBS Regulation has been selected for the initial tasks.

The SBS Regulationdefines 6 activity areas, namely industry, services and trades, construction, credit entities, insurance services and pension funds, each one with a number of common but also different variables to collect (called characteristics in the SBS framework domain).

NSI competencies include the implementation of the data collection to ensure that data requested by the Regulation can be delivered to Eurostat in the required scope and quality. A number of additional data requirements exist in the countries that are used for national purposes. As such the variables to collect might probably be larger than those defined in the SBS regulation itself.

The purpose of the current taxonomy is defining a valid data model of variables that can be collected by the NSI to comply with the European SBS requirements. The taxonomy can afterwards be extended at National level to cover also additional needs for national purposes.

On the other hand, it will be evaluated the horizontal extensibility of the taxonomy to include variables from frameworks other than SBS.

The XBRL specification version for the development of the taxonomy is the scope belonging to the XBRL 2.1 + “corrected errata”dated in 2005-05-24.

1.1Document Objectives

The objectives of this document are:

• Describingthe business requirements for the report delivery scope,
• Develop a mapping task between the SBS characteristics as defined by the previous regulatory environment,
• Find out a proposed data model to be included in the taxonomy structure

1.2Document Structure

The business requirements and taxonomy necessity will be exposed. We will introduce the overall design, getting into further details of its building blocks, and after details of the data dictionary, the concepts and the characteristics. Finally, we will analyze other issues as flexibility, extensibility and modularity.

1.3Specific terms used in the document

The following table offers a relationship of some frequently used XBRL terms:

Table1. XBRL terms being used in this document.

2Business Requirements

The business requirements are to collect, process and publish all statistical data laid down in the StructuralBusiness Statistics regulation (58/97) and its amendments, collect, process and publish allstatistical data laid down in the regulation on steel statistics adopted by the Council and theParliament in 2003, ensure high quality output and apply a high service ethos to main users inEU institutions.

Structural business statistics (SBS) form one of the basic statistical tools for measuring andmonitoring the Union’s competitiveness and entrepreneurship and it covers all market activities inindustry and services (NACE C – K). Economic and employment variables are collected annuallyat a detailed level.

The Objectives of the data collection are:

• To disseminate high quality statistics on the structure of European businesses
• To ensure full compliance with the SBS regulation
• To further pursue the quality action plan in relation to structural business statistics
• To implement and continue projects covering areas like business demography, business services, international sourcing, factors of business success
• To pursue the adoption of the FATS regulation and start the collection of data on foreign affiliates
• To balance the response burden on enterprises with the increasing needs of users
• To identify and test new ways of data collection with the aim to reduce response burden

The involved Legal actsfor SBS framework are:

Such regulationsprovide:

• Definition for SBS characteristics in the 6 involved sectors: industry, services/trades, construction, credit entities, insurance and pension funds,

• Data delivery,

• Derogations forMemberState,

• Other relevant information to structural data compilation.

The SBS taxonomy focuses currently in the IAS/IFRS accounting principles as defined by the IAS framework and implemented by IFRS-GP 2005 taxonomy.

3Mapping set for C-I sectors

In the current part it will be proposed a possibility of mapping between SBS characteristics as defined in the regulation and the IAS/IFRS disclosures. We will use the parameterization provided by IFRS-GP 2005 by convenience to refer for IAS disclosure variables.

It would be interesting to mention that there are several possibilities of mapping set, each one more suitable for each particular NSI. We will propose just a default solution. It would need to be investigated if obtaining other solutions, in a detailed, case scenario analysis, would make sense.

The result of the mapping task will allow obtaining the source variables that will be required to request from enterprises to fill the SBS questionnaires, and will seed the taxonomy.

Please find the following color codes for the variable type:

• in greencolor variables already in FR (i.e. IFRS-GP 2005),
• in green color variables representing other SBS characteristics themselves,
• in red color the concepts that would need to be created from scratch in the SBS taxonomy,

4Mapping set for credit entities