European listed companies will soon have to publish their annual financial reports in electronic xHTML format instead of previous PDF format. The XBRL tags included in xHTML documents will make financial statements structured. xHTML is both human-readable and machine-readable at the same time. New technologies can be used more effectively in data analysis when reporting in structured format. According to the current schedule, ESEF reporting will begin in stages, starting with the annual financial report of 2020.
For further information please contact
Riitta Pelkonen, Senior IFRS Accounting Expert, riitta.pelkonen(at)fiva.fi