JURSIDICTION SNAPSHOT:
Country: Deutschland
Status: Full Jurisdiction
Jurisdiction Name : xbrl.de
Website : http://www.xbrl.de
Membership Count: 30
IFRS Adoption for Public Companies: Required for all domestic listed companies
REGULATORS:
Companies Registrar: Handelsregister
Banking Supervisor: Federal Bank of Germany (Deutsche Bundesbank)
Securities Regulator: Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin)
PRINCIPAL EXCHANGES:
| Equiduct Trading |
| Deutsche Borse |
XBRL PROJECTS OVERVIEW:
| Bundesanstalt fur Finanzdienstleistungsaufsicht | Voluntary Filing |
| Bundesanzeiger Germany | Mandatory Filing |
| COREP Deutschland | Mandatory Filing |
| DATEV eG | Mandatory Filing |
| Deutsche Bundesbank | Mandatory Filing |
| XBRL Germany | Development |
JURISDICTION MEMBERSHIP:
| ABZ Reporting GmbH |
| ADDISON Software und Services |
| ANUBO XBRL GmbH & Co. KG |
| Bnp-Paribas |
| DATEV eG |
| Deloitte & Touche GmbH |
| Deutsche Bank AG |
| Deutsche Bundesbank |
| Deutsches Rechnungslegungs Standard Committee (DRSC) e.V. |
| DVFA GmbH |
| Ernst & Young Deutsche Allgemeine Treuhand |
| eurodata GmbH & Co. KG |
| Finanzverwaltung NRW |
| Fraunhofer IAIS |
| Fry & Bonthrone Partnerschaft |
| German CPA Society - Verband der Certified Public Accountants in Deutschland e.V. |
| hmd software AG |
| Institut der Wirtschaftsprufer |
| KPMG |
| KPMG Deutsche Treuhand AG |
| LucaNet AG |
| Norbert Flickinger |
| PPA Gesellschaft für Finanzanalyse und Benchmarks |
| PriceWaterhouseCoopers AG |
| S&N AG |
| SAP AG |
| Schleupen AG |
| Technische Universitat Bergakademie Freiberg |
| Technische Universitat Dresden, Lehrstuhl fur Wirtschaftsinformatik |
| Verband der Vereine Creditreform e.V |
PROGRESS REPORT:
XBRL filing with the German Bundesanzeiger hits the
425,000 mark; prices lowered.
Up to one million German corporations, including
listed companies and banks, have to file their annual
statements with the German Bundesanzeiger
(electronic public register acting on behalf of the
German government) for disclosing. Bundesanzeiger is
maintaining a web based XBRL import interface that – in
terms of numbers of XBRL reports processed – at this
time likely is the most voluminous worldwide. Since begin
of 2007, when electronic filing was introduced, more than
425,000 statements in XBRL format using the German
GAAP taxonomy (“HGB Taxonomy”) were delivered and
processed. The number of XBRL based reports has
surpassed all other optional disclosing formats such
as Word, Excel, and PDF. Considering the quantity of
data involved XBRL obviously is becoming a matter of
importance for the whole German economy. Benefits are
apparent for both the register and the reporting entities as
XBRL results in lower processing cost and, consequently,
low charges compared with other accepted formats: So, it
was a logical step that Bundesanzeiger decided to reduce
the already low price for XBRL reports again by up to 35
percent beginning October 2008.
¦ XBRL taxonomies for German GAAP updated and
extended.
Version 3 of the German GAAP CI Taxonomy (“HGB
Taxonomy”) was updated and enhanced. Also, a GAAP
Taxonomy for financial institutions was finalised and
included into the package. German GAAP is generally
applied by any German business entity as it is the basis
for taxation and, regularly (except for listed companies),
external reporting.
¦ Activities to support practicing the IFRS taxonomy by
German companies.
The new Working Group IFRS of XBRL Deutschland
e.V. has about 20 members and deals with the following
topics:
o Development of the Germany-specific extension
of the IFRS taxonomy (German-IFRS-Taxonomy-
Extension).
o The main focus of the activities is to give attention
to the specifics of the German Commercial Code
(German HGB), the German Securities Trading
Act (German WpHG) and the prescriptions of the
German Accounting Standards Committee. The basis
for the German-IFRS-Taxonomy-Extension is the
current IFRS Taxonomy 2008.
o Assuring the quality of the German Labels of the
IFRS Taxonomy.
o Making guidelines available for companies about
taxonomy extensions and how to generate XBRLreport.
o Cooperation with the XBRL team of the IASC
Foundation, e.g. by giving opinions on the taxonomy
design or reporting feedback of persons that create
and work with XBRL data
If you have any questions about this Working Group you
are welcome to contact the chair of the working group,
Bodo Kesselmeyer, via BK@anubo.com.
¦ New members elected to the Board of XBRL
Deutschland e.V. (XBRL Germany).
XBRL Germany is facilitated by XBRL Deutschland e.V., a
not-for-profit association. After election of four additional
members of the Board, its governing body, it now consists
of
o Ralf Frank (DVFA, www.dvfa.de)
o Jörg Fuhrmann (PPA, Audicon, www.benchbase.
com, www.audicon.net)
o Andreas Homberg (KPMG, www.kpmg.de)
o Bodo Kesselmeyer (ANUBO, www.anubo.com)
o Thomas Küster (PwC, www.pwc.de)
o Lars Meyer-Pries (DATEV, www.datev.de)
o Thomas Richter (Creditreform, www.creditreform.de)
For more information on XBRL Germany, please visit www.
xbrl.de or contact:
Norbert Flickinger
c/o XBRL Deutschland e.V.
Am Bonneshof 35 (KPMG Building)
40474 Duesseldorf, GERMANY