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Deloitte and XBRL
Deloitte recognizes and supports eXtensible Business Reporting Language (hereafter: XBRL) as a data standard for managing and reporting financial and business information. XBRL makes business information more interactive and liquid -- hence, the interest of the capital markets and regulators. It also makes information more manageable, in such a way that companies can use it to create efficiencies and bring innovation in business reporting applications. Thus, while adoption of XBRL will be initially driven largely by regulatory action and in response to mandates, Deloitte believes that it will evolve beyond compliance to more value-add uses. We see potential for clients to use XBRL to drive efficiencies and innovation in areas such as business process improvement, finance transformation, governance, risk and compliance systems, adoption of International Financial Reporting Standards, and automating internal controls reporting.
What is XBRL?
In XBRL, every financial data element has its own identifying tag that is machine readable. Therefore, instead of having the data reported in text format, it is stored as a tag (comparable to barcodes). These tags can be read by information systems and processed for storages, analyses and presentation in a variety of ways. The rich and powerful structure of XBRL allows efficient handling of business data by computer software. In this way the exchange and analysis of both internal as well as external information becomes an easier task.
An XBRL business report is composed of a taxonomy “document” and an “instance document”. Technically speaking, metadata is attached to the data, which is contained in the XBRL instance document, and provides context for a data item so that the item can be properly understood across different applications and platforms. But what is metadata? All the financial information is “tagged” with specific definitions, also known as metadata. This looks like every single number of financial information has a kind of barcode, providing financial information context and meaning related to the taxonomy. An XBRL business report is a hybrid between these two documents. An XBRL instance document contains the actual data and facts. While the taxonomy contains the main instructions of how the data is structured.
Deloitte Annual report 2009/2010 in XBRL
Deloitte Holding B.V. is a Dutch company, required to file their financial statement according to Title 9, Book 2 of the Netherlands Civil Code. In addition to our formal traditional financial statement, we have prepared the consolidated financial statements in XBRL using the 2010.1 version of the Dutch Taxonomy. Specifically, we have used the “Commercieel Jaarrapport” (or Commercial Annual Report).
The XBRL instance documents for the consolidated and non-consolidated statements contain references to the taxonomy reports
- rpt-cjr-geconsolideerd-jaarrekening-groot-2009.xsd
- rpt-cjr-enkelvoudig-jaarrekening-groot-2009.xsd
These reports can be found at:
http://www.sbr-nl.nl/
For the preparation of the XBRL instance documents the following principles are used:
- Only information that is legally required and therefore can be included in the CJR taxonomy is included in the XBRL instance document;
- If an element is available in the CJR taxonomy and this information is included in the financial statements this information is included in the XBRL instance document. This may lead to aggregation of amounts which are presented separately in the financial statements;
- Both the consolidated and the company financial statements are included in separate XBRL instance documents taking into account the same exemptions which apply for the preparation of the consolidated and company financial statements, hence the XBRL instance documents should be read together and not as separate documents. These principles are included in the instance documents.
Assurance report on the XBRL financial reports
Our accountants have reviewed the XBRL instance documents and issued an assurance report which can be downloaded from this site.
Representations of the XBRL instance documents
The instance documents can be viewed with an XBRL instance viewer. For easier access, we have included our representations of the instance documents. These representations are NOT audited.View the Deloitte consolidated XBRL Financial Statement 2009/2010 View the Deloitte non-consolidated XBRL Financial Statement 2009/2010
More information
For more information about this standard, and more information about how to use and process XBRL, contact Deloitte or visit one of the following websites:
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