With Clausion ESEF Reporting Tool, meeting the ESEF reporting
requirements is as easy as saving an Excel file.
No added workload
Prepare your group financial statements in the required ESEF format. Mapping for taxonomies is a one-time task – Clausion ESEF Reporting Tool does the rest.
Easy to use
Clausion ESEF Reporting Tool is an easy to use cloud service. Publishing your report only takes a couple of clicks.
Work in Excel
Publishing an Annual Financial Report can be done from Excel. You don’t need to learn a new tool to create XBRL reports.
Create an ESEF-compliant financial report in three simple steps.
1. Map your data
Tag your data according to the ESEF taxonomies. With customer-specific taxonomies, Clausion guides you to the correct mappings when needed.
2. Check iXBRL tags
Use Clausion iXBRL Viewer to check the tagging in a web browser.
3. Save your report
You can also add text and images in your report. When ready, publish your report in xHTML format.
Want to hear more?
ESMA and ESEF
ESMA (European Securities and Markets Authority) is responsible for developing a common European Single Electronic Format (ESEF) for European listed companies. According to ESEF, financial statements and management reports are created in the xHTML format, so that group consolidation data is tagged with XBRL tags.
Useful links
ESEF schedule and requirements
Issuers on EU regulated markets must prepare their annual financial reports in the ESEF format from 2020.
xHTML
The required format for reports is xHTML, which can be opened with any standard web browser.
Annual financial report in xHTML format
starting in 2020
Audited financial statements
IFRS-consolidated financial statements
Parent company’s separate financial statements (IFRS or local GAAP)
Management report
XBRL tagging using iXBRL technology
IFRS consolidated financial statements must be labelled with XBRL tags, which are embedded in the xHTML document using the iXBRL (Inline XBRL) technology.
IFRS-consolidated financial statements
Primary financial statements (P/L, BS, CF, Equity)
obligatory from 2020
Notes to financial statements
obligatory from 2022
What is XBRL?
XBRL (Extensible Business Reporting Language) is an XML-based markup language used for digital business reporting. With the XBRL standard, creating and handling financial statements and other business documents can be automated.
The XBRL standard itself does not restrict what kind of data can be reported. XBRL definitions, called taxonomies, can be created freely. Financial regulators and other authorities define taxonomies based on their needs.
Clausion is a forerunner in XBRL. We help our customers to easily implement XBRL and ESEF reporting projects.