Implementation and Development of XBRL Poland Thursday 8

Implementation and Development of XBRL Poland Thursday, 8 th of February 2007, Lisbon Maciej Piechocki IASCF XBRL Team DWG Chair XBRL Poland

Agenda § Jurisdiction Development § Past, Current and Future Activities § Drivers of XBRL Implementation XBRL Poland

Jurisdiction Development § Kick-Off Conference (February 2005) § first XBRL public event § XBRL introduced by IASCF, Xi. E, XBRL Denmark § Round Table (April 2005) § § statutory tasks – incorporated in the bylaws legal form – neutral, independent, trustworthy first project – creation of the public taxonomy neutral facilitator XBRL Poland

Jurisdiction Development § Round Table – Statutory Tasks: § contribute to improvement of the existing reporting standards § promote the knowledge of the current status and trends in electronic reporting standards § develop economy and science by works aimed at development of XBRL § undertake and reinforce other entities in their activities related to development and promotion of XBRL § enable co-operation of the Association members within the above-specified scope of activities XBRL Poland

Jurisdiction Development § Round Table - Legal Form: § neutral, independent § according to the act of the 7 -th April 1989 “Prawo o stowarzyszeniach” /Dz. U. Nr 20, poz. 104 with later changes/ Association “XBRL Polska” is an independent not-for-profit association § trustworthy: § the Association is registered with no. 248935 and therefore is a legal entity XBRL Poland

Jurisdiction Development § Founding Members Assembly (September 2005) § § agreement on bylaws organisational structure of the association XBRL International membership election of the Board and Revision Committee members, Secretary General § fee structure XBRL Poland

Jurisdiction Development § Founding Members: § ordinary members § supporting members (12 + 1) XBRL Poland

Jurisdiction Development General Assembly Revision Committee Decisions Strategy Secretary General Board Taxonomy Working Group Management Marketing & Communication W. G. Chair Co-Chair CI Co-Chair FI Operations Projects Subgroup CI Subgroup FI XBRL Poland Working Groups

Jurisdiction Development § Fee Structure (in €) § supporting members Turnover < 2, 5 Mio. Euro - 25 Mio. Euro > 25 Mio. Euro § ordinary members: free of charge XBRL Poland 1. 000 € 2. 225 € 5. 000 €

Agenda § Jurisdiction Development § Past, Current and Future Activities § Drivers of XBRL Implementation XBRL Poland

Past, Current and Future Activities § Taxonomy Development: § communication channel § Internet § tele and videoconferences § Share. Point § regular meetings § workflow § building of the information model § revision of the information model § development of the taxonomy § revision of the taxonomy § publication of the taxonomy XBRL Poland

Past, Current and Future Activities § XBRL Promotion: § meetings with private companies and public authorities § information about standard and association activities § target: new members and active involvement in the XBRL implemenation § results: new projects, new members XBRL Poland

Past, Current and Future Activities § XBRL Promotion: § seminar: § September 2005: NBP implements XBRL § conference: § September 2006: COREP & FINREP in Europe § National Bank of Poland, Polish Banks Association, Association “XBRL Polska”, § Speakers: Bank of Spain, Bank of France, National Bank of Belgium, XBRL in Europe § Attendees: 100 people (70 largest banks) § articles, papers, consultations, etc. XBRL Poland

Past, Current and Future Activities § XBRL Implementation – National Bank of Poland: § target: prudential (Basel II) & financial (IFRS, Polish GAAP) reporting § XBRL taxonomies § COREP, FINREP § Polish extensions § start: March 2007 (COREP), June 2007 (FINREP) § mandatory format for over 700 banks XBRL Poland

Past, Current and Future Activities § XBRL Implementation – Companies House: § target: publication of financial statements of entities fulfilling requirements defined in P. A. A. § XBRL taxonomies § Polish GAAP, IFRS (Polish labels) § start: 2008 § XBRL as voluntary format for 13. 000 entities § price differentiation as an incentive XBRL Poland

Agenda § Jurisdiction Development § Past, Current and Future Activities § Drivers of XBRL Implementation XBRL Poland

Drivers of XBRL Implementation § Standardisation of Reporting § Cost and Time Aspects § Legal Changes in the EU § cross regional: IFRS, BASEL II, CRD § local: IT governmental requirements § XBRL Marketing Aspects § IASB involvement, EU founding, SEC activities, CEBS recommendations, etc. § Systems and Standards Out-Of-Date § New Information Flows XBRL Poland

Project Management § Domain Working Group Chair Maciej Piechocki, IASCF XBRL Team E-Mail: [email protected] org § Secretary General Mateusz Hojda, XBRL Poland E-Mail: mateusz. [email protected] org XBRL Poland

Q&A Thursday, 8 th of February 2007, Lisbon Maciej Piechocki IASCF XBRL Team DWG Chair XBRL Poland