Create the group’s ESEF-based annual report using AARO ESEF Reporting. The flexible conversion engine makes the process smooth and reusable, year by year.
Readymade XBRL-tagged annual report in a few simple steps
Our ESEF solution is easy to use and has a minimal impact on how you normally work when preparing the annual report.
In a few simple steps, you convert the annual report from PDF format and MS Excel files, into a readymade XHTML file with correct iXBRL tagging, in accordance with the current ESEF standard.
After you once have completed the basic setup in AARO with your preferred structure, you can reuse it in all future ESEF reports.
This is AARO ESEF Reporting
- An integrated feature for exporting your reports created in AARO to an MS Excel format, ready to be uploaded to an XHTML/iXBRL conversion engine.
- A conversion engine where the MS Excel files are uploaded, together with your designed annual report in PDF format. The conversion engine is a web-based solution provided by our Danish partner ParsePort. In this step, the data in the annual report is converted to XHTML format with iXBRL tags in accordance with the ESEF taxonomy.
- The conversion process is dependant on the amount of data, number of images in the PDF, etc, but is normally ready within a minute. All data is then checked and iXBRL-tagged. If the conversion engine encounters discrepancies in comparable data at this stage, these will be listed in an error report and can then be remedied.
- The final result is a complete annual report which both can be read as ordinary text/images on a computer by a human, and also read and understood by a machine/computer. All in a single file which is ready to be submitted to the authorities.
What is ESEF reporting and what is its purpose?
ESEF (European Single Electronic Format) is a reporting format developed by the European Securities and Markets Authority (ESMA).
The ESEF Regulation requires all IFRS-based annual reports from listed companies within the EU to be created in XHTML and thereafter XBRL tagged, to enable the financial information to be automatically analysed.
The final product is an annual report which can be read by people and also analysed automatically, to verify that both the ESEF regulation and the current accounting taxonomy are being followed.