Presentaci

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XBRL for Statistical Reporting

• Giuseppe Sindoni
• Eurostat
• Statistical Information Technologies

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Eurostat and the European Statistical System

• Network of national institutions and agencies
• Co-ordinated by Eurostat
• European Commission Directorate General
• European Union Statistical Authority
• Tasked with providing a high quality statistical
  information service
• 1000 data providers to Eurostat
• No data collection directly from enterprises
• Coordination role in primary data collection
• More than 100 committees, working groups and
  expert groups

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Harmonisation Methodology

• EU Regulations and Agreements
• Code lists, nomenclatures
• Reporting tools, services and standards
• National raw data
• Aggregated European data
• Latest technologies
• Internet, Web-forms
• XBRL?

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Co-ordination

• Accounting Statistics Task Force
• IAS/IFRS
• Collection of Raw Data Task Force (CORD)
• (UNECE Task Force on Electronic Data Reporting)
• Data reporting technologies
• Projects
• National
• Commission funded
• XBRL

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XBRL2004 preliminary analysis

• Feasibility analysis to a project extraction of
  statistical data from XBRL reports
• Success depends on
• Availability of GAAP taxonomies
• Widespread use of the IFRS taxonomy
• Statistical extensions needed in both cases
• Extensions to be coordinated within the ESS
• Strong appetite among financial institutions
• A pilot project feasible for extraction of raw
  economic data by NSIs

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Financial frameworkThe X-DIS project

• XML for Data Interoperability in Statistics
• Funded by EU programme IDABC
• Interoperable Delivery of European eGovernment
  Services to public Administrations, Business and
  Citizens
• Total budget
• 3,75 M for budget years 2005-gt2008
• Operational timeframe
• Q4 2005 -gt Q2 2009
• 675.000 to pilots and studies on XBRL and other
  sectoral standards for data exchange
• Framework contract for this line of work awarded
  to Software AG
• First specific contract started end of March 2006

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Objectives of the pilot project

• Test
• Efficient use of XBRL in the statistical
  reporting chain
• Chances of widespread acceptance by enterprises
  and institutions
• Focus on
• Reporting by enterprises to NSIs
• Not on
• Reporting by NSIs to Eurostat

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Analysis tasks

• Mapping of existing taxonomies
• Inventory of relevant ones
• Mapping to statistical legislation
• Monitoring of XBRL developments
• Avoid duplications of efforts
• Exploring possibility for synergies

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Development tasks

• Creation of a statistical taxonomy
• Is it useful and desirable?
• One omni-comprehensive taxonomy or one for each
  domain (STS, BoP, etc.)?
• Modular and extensible by member states
• Test phase
• Live environment (2-3 NSIs)
• Suitable enterprise samples
• Pipelining with SDMX

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Tasks on future implementation

• Acceptance
• Define if and how to make it operational in
  enterprises
• Specific organisation aspects (burden,
  investments, etc.)
• Advanced use of XBRL in surveys by NSIs
• A single-source concept for financial and
  statistical data will increase the statistical
  quality

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Current state

• 2-3 institutions to be active members in the
  Task Force
• Statistical Institutes of BE, ES, NL Bank of
  Spain
• Focus on Structural Business Statistics (SBS)
• Lack of companies already reporting in XBRL (!)
• Project just started
• Inventory of relevant taxonomies
• Mapping to statistical regulations
• Test phase June September 2006