Exploring the potential of XBRL

1
Exploring the potential of XBRL a corporate
perspective

• BEVAN MILLER
• Manager External Reporting
• Telecom New Zealand

2
Disclaimer

• The views expressed in this presentation are my
  own and do not necessarily reflect the views of
  Telecom or other members of its management.

3
There is scepticism to be overcome

• General awareness is still low.
• Initial promise is yet to be delivered on.
• The idea of XBRL hasnt really clicked for the
  vast majority.
• Most of us are waiting to see the practical
  benefits demonstrated before we get too excited
  about XBRL.

4
But, we are open to possibilities

• Compliance reporting is time consuming there is
  undoubtedly a way to do this better.
• Likewise, consumers of our reporting could
  benefit from more accessible data.
• Telecoms approach to both internal and external
  reporting is continually evolving and is open to
  innovation.
• Enthusiasm for XBRL within the profession appears
  to be growing and the tools to deliver it are
  starting to appear.

5
So where are we at?

• Currently we are interested spectators.
• As yet, we dont see major internal benefits
  accruing from XBRL, but we can see the benefits
  to external stakeholders if usage becomes
  widespread.
• Project First Step is a low impact introduction
  to the use of XBRL.
• We are interested in exploring whether XBRL can
  help us report in a smarter, more informative and
  more efficient way.

6
In summary

• We have heard the message that there is potential
  in XBRL, but that message has been out there a
  while without necessarily the practical
  demonstration of what that potential will
  actually deliver.
• We recognise that we can have a part to play in
  unlocking this potential.