FTSE 100 Company Uses New CoreFiling Technology for Publishing Results.LONDON -- CoreFiling Limited, a UK company which specialises in tools for compliance and regulatory filings, today announced that its new Intelligent Financial Statement(TM) technology has been used for the first time by a FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. 100 company. Reuters (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :RTRSY)(LSE LSE - Language Sensitive Editor :RTR RTR Ready To Run RTR Rundfunk & Telekom Regulierungs Gmbh RTR Rotor RTR Radio e Televisiun Rumantscha (Romansh Radio and Television, Switzerland) RTR Response Time Reporter RTR Ready To Race RTR Ready to Roll ) now publishes its full year results in a breakthrough format which combines both text and machine-readable forms. Reuters preliminary results for the year ended 31 December 2005 are available from the Reuters website in a new PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. format, the Intelligent Financial Statement(TM) ("IFS"), which embeds machine-readable financial data in a viewable and printable document. The format utilizes XBRL (EXtensible Business Reporting Language) A specification for publishing financial information in the XML format. It is designed to provide a standard set of XML tags for exchanging accounting information and financial statements between companies and analysts. , the eXtensible Business Reporting Language, an international standard for the communication of corporate financial and performance data. This first use of an Intelligent Financial Statement(TM) to publish public company financial data follows calls by the Chairman of the US Securities and Exchange Commission, Christopher Cox, for the market to XBRL-enable their earnings releases. The need to improve the dissemination of corporate financial data has long been an objective of the SEC. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. comments made by the Chairman in January 2006, mistakes made by third parties in manual re-keying and copying data can affect more than 20% of the financial information that flows from companies to the investment community. Making that information available in XBRL removes those inefficiencies and speeds up the publication of investment analysis. In 2001 Reuters became the first company to release its financial results using XBRL and has been tracking the progress of the standard ever since. "As a distributor of financial data, we are keenly aware of the value that machine-readable data can bring to the world's financial systems," said Miriam McKay, Global Head of Investor Relations Investor relations The process by which the corporation communicates with its investors. at Reuters. "Once again, we are very pleased to be at the forefront of electronic data publishing by being the first company to publish our results as an Intelligent Financial Statement(TM)." "Publishing a company's results as an Intelligent Financial Statement(TM) allows investors to analyse them within seconds of publication, cutting out the time currently spent in re-keying and verification," added John Turner, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CoreFiling. "This is a technology that truly brings companies and investors closer together." About CoreFiling CoreFiling is a joint venture formed by Business Wire, a Berkshire Hathaway Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. Company, the global leader in financial news distribution, and UK-based DecisionSoft, the world's premier XBRL components vendor. CoreFiling provides XBRL consulting services, as well as a range of products and services that make powerful reporting simple. It serves filers, regulators, exchanges and the financial community. About Reuters Reuters (www.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , media and corporate markets. Its trusted information drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 15,300 staff in 89 countries, including staff from the acquisition of Telerate in June 2005. It also includes 2,300 editorial staff in 189 bureaux serving 128 countries, making Reuters the world's largest international multimedia news agency. In 2005, Reuters revenues were GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.4 billion. Reuters and the sphere logo are the trade-marks of the Reuters group of companies. Notes to editors The Intelligent Financial Statement(TM) addresses the information gap between public companies and the investment community. Throughout the world, many public companies currently receive little or no coverage from securities analysts - because of the costs of gathering and analysing corporate financials. The IFS is a PDF file which is generated from spreadsheet templates and can be viewed in Adobe(R) Reader(R). The finished PDF uses mouseover labels, TagTips(TM), to display the properties of the XBRL data which is contained inside the document. The complete XBRL data set can be easily extracted by users and fed into spreadsheets and analytical tools. For the first time, full corporate financials can be downloaded and analysed using XBRL-enabled analytic tools, without the need for re-keying and checking of data. The IFS is available from: http://about.reuters.com/investors/results/ About IFS: http://www.corefiling.com/ifs About XBRL: http://www.xbrl.org |
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