ESEF reporting

Cooperation opportunities on iXBRL IFRS and ESRS reports, as well as information on upcoming events, are here: https://www.orients.lv/en/ixbrl/.

Orients Digit is the leader in ESEF reporting services in the Baltics. Our team of professionals has been implementing iXBRL reporting projects and advising companies on ESEF requirements for more than five years. We provide our clients with an XBRL International-certified tagging tool and/or an iXBRL full-cycle reporting service. Our clients are:

• listed companies that require tagging their financial statements with the IFRS XBRL taxonomy;
• the large companies that are subject to CSRD and require the electronic format of the sustainability report tagged with the ESRS XBRL taxonomy.

We are the first to represent the Baltics at the XBRL International consortium.

Listed companies

According to ESEF (European Single Electronic Format) reporting requirements starting from the year 2021 – all listed companies are required to report their financials in XHTML.

IFRS consolidated financial statements are required to be tagged using Inline XBRL (iXBRL) format that shall be embedded in the XHTML document version. According to ESEF it is required to tag main financial statements and ~ 230 text blocks of all financial information notes. For tagging IFRS taxonomy should be used. Tagging process should be done using a specialized XBRL International-certified tool. For ESEF conversion, we offer the CoreFiling Seahorse tool (read more about it below).

iXBRL tagging and audit tools for financial and sustainability reports

Orients Digit is the official Corefiling partner in the Baltics and Scandinavia for iXBRL-based systems. Importantly, our partners CoreFiling, are the inventors of the Inline XBRL format. Therefore, having the best knowledge of the specification of this data format, the CoreFiling team has been able to offer the most efficient and user-friendly XBRL tools to the market for over 25 years.

For companies

For creating ESEF reports for companies, we offer CoreFiling Seahorse - a XBRL International-certified certified cloud-based tagging solution that automatically produces ESEF-compliant accounts. With CoreFiling Seahorse, ESEF requirements can be met by converting from:

• MS Word format
• Excel format
• InDesign format
• PDF format.

The CoreFiling Seahorse license includes a three-hour training on how to use the system.

Additionally, as per the client's wish, our team of professionals provides full-cycle support in the process of financial and sustainability reports' tagging according to ESEF.

Read more about the product: https://www.corefiling.com/esef/

To see a demo of CoreFiling Seahorse and learn more about the terms of cooperation, contact us at info@orients.lv.

For auditors

For a review of the ESEF reports, we provide a certified tool - CoreFiling Beacon. That is a powerful XBRL full-spectre review framework for auditors. Read more about the product: https://www.corefiling.com/solution-digital-assurance/.

Corefiling is a UK-based global software and services company that has already for more than 25+ years specialising in data efficiency, particularly in the area of external reporting and use of XBRL technology. Corefiling's software and services cover the entire reporting ecosystem, including data standards definition, filing preparation, assurance, and data collection.