1. Rajender Kapoor, FCS,LLB 9811056067DirectorWebtel Electrosoft Pvt. Ltd. (An e regime Company) rkapoor@webtel.inwww.webxbrl.com1

2. Recapitulate. Need for XBRL in India To get data over information/Report. To bring standardization in Business Reporting for analysis by stakeholders. Use of data by Regulators for detecting irregularities in compliances. 3. No Standardisation (contd.) Annual Reports of cos. Prepared in several ways. Horizontal/ Vertical Presentation. Schedules, Annexures, Grouping 2012 Webtel. All Rights Reserved. 4. No Standardisation (contd.) 2012 Webtel. All Rights Reserved. 5. Kaha milega???Annual Report Infosys 2011(116 pages) 5 6. In XBRL.STANDARDISATION.. 2012 Webtel. All Rights Reserved. 7. IN XBRL ? Place for each item Net DeferredNet BlockTax Asset Plant Machinery NetDeposit Assets7 8. What is XBRL..?X eXtensible B Business R Reporting L Language 9. What is XBRL..contd Language For BUSINESS REPORTING.X in XBRL Standsfor Extensible - NoRelevant Tag found in Taxonomy we cancreate element name based on Properties ofline Item. Powerful Version of XML. Puts content in right context. 10. Terms used in XBRLTAXONOMYTAGLINE ITEMELEMENT NAMELINK BASESINSTANCE DOCUMENTHYBERCUBES AND DIMENSIONS10 11. Taxonomy Nomy : System of Rules,Laws or knowledge about aparticular field Taxonomy : Rules orKnowledge of Taxes. Taxonomy : Science ofClassifying Organisms.11 12. INFORMATION IN XBRL TAG SUNDRY RECEIVABLES as on31st March 2012 ELEMENT NAME-Data Type-Trade ReceivablemonetaryBALANCE TYPE-PERIOD TYPE-Debit InstantDEFINITION-RECEIVABLES ARISING FROM SALE OFGOODS AND SERVICES ,PROVIDED IN NORMAL COURSEOF BUSINESS AND OUTSTANDING AS ON THE FINANCIALSTATEMENT DATE. 13. Line Item Vs Element Name(Standard Name) Line Item Element Name (Standard Name) 14. LINKBASESSchema Linkbases LabelsReferenceDefinition Calculation PresentationFormulas 15. Presentation Linkbase Business reports are in identifiable datastructures. e.g. Balance Sheet. Defines structure for displaying data +label. Manages relationship between Taxonomyelements. Hierarchy structure.15 16. Label Linkbase Taxonomies represent business data inmultiple languages. Lebel linkbase manages text associatedwith taxonomy element in variouslanguages. Stores & links labels to respectiveelements.16 17. Reference Linkbase Most elements refer to particularconcepts in authoritative literature. Storage of source identification name &paragraph e.g. IAS, para 75.17 18. Calculation Linkbase Defines basic calculation validation rules. Restricted to (+) or ( -). Trade Receivables = Receivables Provision for doubtful debts18 19. 19 20. Definition Linkbase Defines additional rules attached totaxonomy elements, Defines relationship between reportingconcepts. 20 21. INSTANCE DOCUMENT Instance Doc. has reported data with values &contexts. Electronic report of Financial Statement. The final generated XBRL output files 22. Taxonomy Extensions Adding some new elements. Dictionary is based on certain rules. How is it pronounced? Noun or verb? What it means? What are other meanings? Bazaar & Brahmin not in dictionary. Such wide use that included. Problems in US due to extended taxonomy. No extended Taxonomy in UK. India following same principle. 22 23. New Business Rules1.Parent- Child Relationship to be maintainedwith certain exception.2.Validations in the extended links shall beperformed based on their applicability tothe BS instance document or the P&Linstance document.3. Inclusion of images/ charts/ graphs etc.shall not be allowed in the instancedocument. 24. New Business Rules4. If any financial element is entered in CYthen it shall be mandatory to entercorresponding PY with certain exception.5.Common element for specifying theopening and closing balance.6. Monetary values up to maximum 2 decimalplaces shall be allowed. 25. New Business Rules7. Reporting currency should be INR in caseof all financial elements except for theelements in Details of subsidiary.8. All dates entered in the instance documentshould be greater than or equal to the dateof incorporation of the filing companywith certain exception.MORE ABOUT BUSINESS RULES 26. APPLICABILITY- FY 2012-2012General Circular No. 16/2012 - Dated 06.07.2012FY Starts On Or After 1 Arp 2012All Listed Companies And Their Indian Subsidiary.All Companies Having Turnover Of 100 Cr. & Above.All Companies Having Paid Up Capital Of 5cr. & AboveAll Companies Who Were Required To File Their FY 2010 2012 Using XBRL Mode 27. Pending Clarification ???? Banking Companies Insurance Companies Power Companies And Non-banking Financial Companies (NBFC) Are Exempted From XBRL Filing Till Further Order. 28. Time Limit Without Additional Fee All companies Covered in XBRL Upto 15th November, 2012 or within 30 days from the date of their AGM, whichever is later. 29. Implementation Process..for select class of companies. Understanding Taxonomy TAXONOMYDIVISION COMMERCIAL AND INDUSTRIAL AS PER REVISED SCHEDULE VI 30. Process contTAGGINGTagging TextBlockDetailed Tagging taggingScope of Detailed Tagging expected to get widened as Revised Schedule VIcovers more item in Notes to Accounts and more emphasis has been put on Cross referencing and detailed disclosure. 30 31. WEB-XBRL SOFTWARE 32. SELECT CELL FOR DETAIL TAGGING 33. MAPPING WITH MOSTAPPROPRIATE ELEMENT 34. HOW LINE ITEMS LOOKS LIKE AFTERTAGGING 35. Generation of XML 36. Uploading the XML on ValidationTool 37. Validate the XML 38. XML Validated successfully 39. Prescrutiny of XML 40. XML Prescrutinised successfully 41. Export to PDF 42. PDF created successfully 43. How XBRL Works?Annual ReportXMLXBRL PDF 44. Road Map 45. XBRL : Is Magic Possible? 2011 Webtel. All Rights Reserved. 46. XBRL in 10 Simple Steps 2011 Webtel. All Rights Reserved. 47. SoftwaresGood XBRL Solution Simple interface Excel based might be time consuming. Data Mapping functions. Built in Validations 47 48. Practical Approach Analyze Annual Report. Check list of items in Taxonomy but not in Annual Reports. CIN Company DIN of Directors & their date of birth Details ofAuditor/Company Secretary 2011 Webtel. All Rights Reserved. 49. Practical Approachcontd.. Details of Related Parties PAN CIN Outstanding Balances Description of Related Party Transactions Other information Information about Subsidiaries, Investment inJoint Ventures, Associates etc. Check Minimum Tagging Requirements. Check Mandatory Items. Prepare Balance Sheet as per Taxonomy items. 50. Form 23AC XBRLMandatory Attachments (XBRL Format) Standalone Balance sheet Notes Directors Report Auditors Report Consolidated Balance Sheet etc. (XBRL format) 2011 Webtel. All Rights Reserved. 51. Form 23AC XBRL (otherattachments(contd.) Statement of Foreign Subsidiaries u/s 212. Statement of facts & reasons for not adopting balance sheet . Statement of the fact & reasons for not holding AGM. Approval letter for extension of financial year or AGM. Supplementary or Test Audit Report u/s 619(3)(b). Corporate Governance Report. Management Discussion & Analysis etc. Others. 2011 Webtel. All Rights Reserved. 52. Form 23AC XBRL : Issues XBRL filing possible only if Schedule VIapplicable, others are exempt. Filing only if Balance Sheet Audited. Whether Consolidated Balance also filed? Serial no. & Date of Board Resolution. AGM date/due date/ extension date same in allAnnual forms. (Forms 20B, 23AC, 21A, 66) AGM date > Date of signing of Audit Report. 2011 Webtel. All Rights Reserved. 53. XBRLAssurance/Certification Practising CA/CS/ICWA to certify integrity of BalanceSheet , Profit & Loss account filed in XBRL format. Wikipedia : Concept of consistency of actions, values,methods, measures, principles, expectations &outcomes. Data Integrity : data with complete or whole structure. Tagged financial statements accurate & consistentwith traditional format. 2011 Webtel. All Rights Reserved. 54. Point 26 of Guidance note 55. CERTIFICATE FORMAT 56. Inference.. Revised Schedule VI is towards Standardization anddisclosures which were missing earlier. Cross referencing of information in Notes to Accountswith so many disclosures make it easier for Regulatorto check irregularities. If anything is left XBRL does X-RAY of information byusing technology to go further deep into complianceirregularities.