European Single Electronic Format - ESEF for issuers

Annual financial reports from issuers of the securities traded in the European financial markets must be published in the European Single Electronic Format – ESEF – for financial years beginning on January 1, 2020. In the future, IFRS consolidated financial statements must be published in the form of “Inline XBRL® data” – a “hybrid type” document, on the one hand like a website “readable for human eyes” (xHTML), supplemented by selected machine-readable XBRL®structural information.

anuboXBRL offers issuers the following services in connection with the preparation of the consolidated financial statements:
    • Support with strategic questions:
      • Alternatives for future financial data communication to investors, investment professionals and others
      • Alternatives for future closing processes, IT landscape, data management, interdisciplinary responsibility and know-how
      • Development of a vision, intermediate goals and implementation roadmap
      • Development of detailed technical concepts in joint workshops
      • Identification of risks in detail
    • Support in setting up associated control processes for internal auditing
    • Operational preparation of the financial statements in ESEF format
      • Support in labeling with XBRL structural information from the IFRS taxonomy (“mapping”): consolidated balance sheet, consolidated statement of comprehensive income, consolidated statement of changes in equity, consolidated cash flow statement, notes (from 2022 as a “block”, or voluntarily earlier or more detailed)
      • Creation of the company-specific taxonomy extension
      • Generation of the InlineXBRL data:
        • integrated into the existing annual financial statement preparation process,
          with open source software / commercial software, support with conception, software adaptation or software development if necessary
        • Alternatively: software selection of bold-on solutions
    • Quality assurance of the created ESEF data: instance and company-specific taxonomy extension, compliance with the ESMA Regulatory Technical Standards (RTS) in terms of technology and content, etc.

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