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SESSION OVERVIEW XBRL – SETTING THE SCENE � WHY? � WHAT? WHO? � HOW? � � WHERE? BENEFITS! � XBRL IN INDIA o MCA21 FILING & CONVERSION o XBRL ~ AN OPPORTUNITY..!! P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . C A . N i r m a l C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

SETTING THE SCENE

P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . C A . N i r m a l C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . C A . N i r m a l C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

WHAT WE SAY TO INVESTORS? WHAT WE SAY TO INVESTORS? WHAT WE SAY TO INVESTORS? WHAT WE SAY TO INVESTORS? PUBLIC CORPORTATION LIMITED CONSOLIDATED CONSOLIDATED CONSOLIDATED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 2011 CONSOLIDATED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 2011 PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 2011 PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 2011 Sales Sales Sales Sales 1,500,000 1,500,000 1,500,000 1,500,000 1,000,000 1,000,000 1,000,000 1,000,000 Cost of Sales 1,300,000 900,000 Operating Profit 200,000 100,000 Finance Expenses (Net of Income) 70,000 50,000 Net Profit before Tax 270,000 150,000 Provision for Taxation 90,000 45,000 Net Profit Net Profit Net Profit Net Profit 180,000 180,000 180,000 180,000 105,000 105,000 105,000 105,000 Earnings Per Share Earnings Per Share Earnings Per Share Earnings Per Share 1.80 1.80 1.80 1.80 1.05 1.05 1.05 1.05 P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . N i r m a l C A . C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

WHAT THEY HEAR? WHAT THEY HEAR? WHAT THEY HEAR? WHAT THEY HEAR? PUBLIC CORPORTATION LIMITED PUBLIC CORPORTATION LIMITED PUBLIC CORPORTATION LIMITED PUBLIC CORPORTATION LIMITED CONSOLIDATED CONSOLIDATED CONSOLIDATED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 2011 CONSOLIDATED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 2011 PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 2011 PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 2011 Sales Sales Sales Sales 1,500,000 1,500,000 1,500,000 1,500,000 1,000,000 1,000,000 1,000,000 1,000,000 BLAH BLAH 1,300,000 900,000 BLAH BLAH 200,000 100,000 BLAH BLAH 70,000 50,000 BLAH BLAH 270,000 150,000 BLAH BLAH 90,000 45,000 Net Profit Net Profit Net Profit Net Profit 180,000 180,000 180,000 180,000 105,000 105,000 105,000 105,000 Earnings Per Share Earnings Per Share Earnings Per Share Earnings Per Share 1.80 1.80 1.80 1.80 1.05 1.05 1.05 1.05 P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . N i r m a l C A . C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

CAN WE TALK? P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . C A . N i r m a l C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

WHY XBRL? FINANCIAL REPORTING model today is MANUAL & DISJOINTED AUDIT AUDIT AUDIT AUDIT COMPANY COMPANY COMPANY COMPANY DATA DATA DATA DATA SOFTWARE SOFTWARE SOFTWARE SOFTWARE ERP ERP ERP ERP REPOSITORY REPOSITORY REPOSITORY REPOSITORY PACKAGE PACKAGE PACKAGE PACKAGE REGULATOR MANUAL MANUAL PROCESSES PROCESSES MANUAL PROCESSES AUDITORS REPORTING COMPANY USERS P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . C A . N i r m a l C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

WHY XBRL? FINANCIAL REPORTING INVOLVES MANUAL PROCESSES MANUAL PROCESSES MANUAL PROCESSES MANUAL PROCESSES INSPITE OF AUTOMATION OF DATA PROCESSING MANUAL MANUAL MANUAL MANUAL EXTRACTION EXTRACTION EXTRACTION EXTRACTION WHY? AND AND AND AND BECAUSE COMPUTER APPLICATIONS REKEYING REKEYING REKEYING REKEYING SELDOM INTERACT THEMSELVES OF OF OF OF DATA DATA DATA DATA WHY? DIFFERENT APPLICATION HAVE DIFFERENT DATA STRUCTURES P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . C A . N i r m a l C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

ACCESSING REPORTING DATA TODAY..!! ACCESSING REPORTING DATA TODAY..!! ACCESSING REPORTING DATA TODAY..!! ACCESSING REPORTING DATA TODAY..!! P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . N i r m a l C A . C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

WHY XBRL? FINANCIAL REPORTING IS DISJOINTED IS DISJOINTED IS DISJOINTED IS DISJOINTED WHY? BECAUSE REGULATORS/ USERS HAVE DIFFERING REQUIREMENTS SEBI / ROC INCOME TAX DEPARTMENT RBI / CERC / IRDA BANKS / FI’s / LENDERS IF INTERNATIONAL OPERATIONS? ET CETERA P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . C A . N i r m a l C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

WHAT IS XBRL? An Abbreviation for: eXtensible Business Reporting Language P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . N i r m a l C A . C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

WHAT IS XBRL? XBRL is XBRL � Tagged Data IS THE � Open Standard EMERGING � Based on XML GLOBAL � Language for Electronic STANDARD Communication of OF � Business and Financial FINANCIAL Information & On the Internet REPORTING � eXtensible P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . N i r m a l C A . C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

XBRL IS TAGGED DATA XBRL tags INDIVIDUAL FINANCIAL TAXONOMY INFORMATION CONCEPTS for Electronic Dissemination CONCEPTS are defined TAGGING based on a Common Framework (say, Indian GAAP, IFRS) – in a INSTANCE TAXONOMY DOCUMENT P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . C A . N i r m a l C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

WHAT IS TAGGING? PLAIN ‘UNSTRUCTURED’ TEXT TAGGED DATA Nirmal Ghorawat 434, Ajanta Shopping Centre, Ring Road, Surat – 395002 Gujarat +91-261-2327434 nirmal.ghorawat@icai.org P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . C A . N i r m a l C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

WHAT’S IN A TAG? � Label � Description � Data Type ATTRIBUTES OR � Balance Type META DATA � Period Type (DATA ABOUT � Reference DATA) � Presentation � Calculation P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . C A . N i r m a l C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

XBRL IS OPEN STANDARD XBRL is � FREE OF ALL LICENSES � SOFTWARE / APPLICATION INDEPENDENT P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . N i r m a l C A . C A . C A . N i r m a l N i r m a l N i r m a l G h o r a w a t G h o r a w a t G h o r a w a t G h o r a w a t

XBRL IS XML XBRL is � Based on the XML However, XBRL is � Powerful & Flexible version of XML � Defined specifically to meet the requirements of Business & Financial information P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : P r e s e n t e d B y : C A . N i r m a l G h o r a w a t C A . N i r m a l G h o r a w a t C A . N i r m a l G h o r a w a t C A . N i r m a l G h o r a w a t