XBRL News on ESEF postponement and xBRL-CSV, with ласкаво просимо to Ukraine!

Here is our pick of the 3 most important XBRL news stories from the last week. 

1 One year optional ESEF postponement

During the trilogue meetings on the capital markets recovery package proposal (prospectus file) in December 2020, the European Parliament and the Council agreed to include in the package an amendment to Directive 2004/109/EC (Transparency Directive) allowing for a 1-year postponement of the obligation for listed companies to draw up and publish their annual financial reports in accordance with the European single electronic format (ESEF).

As you can read above in the best of Eurospeak, it is now official – the EU Commission list of EU member states opting for a 1-year ESEF postponement, updated whenever there is news. According to this list, 10 member states have opted for the delayed introduction.

2 New xBRL-CSV tutorial released

XBRL International has published a new tutorial showing how the new xBRL-CSV specification can be used to handle a variety of common reporting scenarios. The tutorial walks readers through the features of the specification, explaining how CSV tables can be used to efficiently represent reporting data, and is accompanied by a set of example xBRL-CSV reports.

XBRL is moving with the times, enabling handling and management of large data sets as part of its Open Information Model.

3 Congratulations Ukraine! Starting gun fired on iXBRL reporting

Ukraine is gearing up for XBRL-based financial reporting for the first time in 2021. With a new, tailored taxonomy and data collection system in place, the country is looking forward to improved reporting and structured financial data in a single electronic format that will be comparable and compatible with EU and international standards.

Ukraine is the latest member of the rapidly expanding group of countries around the world which use XBRL for their mandatory reporting purposes. Welcome!


Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.

 We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.

 For context on XBRL please read this introduction to our XBRL Week in 2016 and read articles tagged XBRL in our archives. 

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