Denmark
Country: Danmark
Status: Full Jurisdiction
Jurisdiction Name : xbrl.dk
Website : http://www.xbrl.dk
Membership Count: 15
IFRS Adoption for Public Companies: Required for all domestic listed companies
XBRL PROJECTS OVERVIEW:
| Danish Commerce and Companies Agency | Voluntary Filing |
| XBRL Denmark | Development |
JURISDICTION MEMBERSHIP:
| Danmarks Statistik |
| Deloitte |
| Erhvervs- og Selskabsstyrelsen |
| Ernst & Young |
| Finansradet |
| Finanstilsynet |
| Focus IT A/S |
| FRR |
| FSR |
| KPMG |
| Magnus Informatik A/S |
| Microsoft DK |
| PricewaterhouseCoopers |
| Resultmaker |
| Revisor Informatik |
Danish Commerce and Companies Agency (DCCA), is responsible for the Danish XBRL solution have developed XBRL portal, which is called DRP (digital reporting platform). XBRL mandatory for company reports in 2011
March 2008, SME can submit full annual reports in XBRL to the DCCA, the official registrar for Danish companies. Includes tagging for Danish tax authorities and Statistics Denmark. DCCA segregates re-transmits it to other relevant public agencies.
DCCA’s objectives: ensuring display and presentation are the same as when they were signed at a company’s AGM. Therefore companies choose style sheet to be uploaded with the XBRL instance document. PDF, Excel XBRL versions of each financial statement are published.
Taxonomy (2,900 elements) includes both Danish and English text covers Class B companies, ~ 90% of all Danish companies. The taxonomy is based on the EU’s accounting directives Nos. 4 and 7, which prescribe P&L and balance sheet, as well as generally accepted accounting principles for Danish small companies (mainly for the notes to the statements). The taxonomy encompasses a full annual report, containing the following sections: statement by the board of executives and board of directors, independent auditor’s report, executive report, accounting policies, profit and loss, balance sheet, and notes.
Currently filing is voluntary ~ 1000 filed reports.
2010- Copenhagen Finance IT Region (CFIR)launched the development and pilot test of a taxonomy for annual reporting and credit scores in corporations with XBRL Denmark.
That means that the Danish firms will have the possibility to send their financial information to the bank in connection to a credit application. Project participants include Finansrådet,(the Danish Bankers Association) PWC, the Danish Business Register and XBRL Danmark. The aim is to have the taxonomy developed in the first half of 2010. Hereafter it is the plan to make a pilot test of the taxonomy
