What footnotes do I need to tag?
You need to tag any number in a footnote or a Note if it is in the declared currency (i.e. the currency you report in). This requirement is detailed in Annex 2 (page 6) of the RTS on ESEF. Please be aware that a footnote is not a synonym of the term Notes, which are the Notes to the Primary Financial Statements. Please contact your auditors if you are uncertain about whether or not to tag a number.
This screenshot from section 1.8 (page 18) of the ESMA ESEF Reporting Manual shows an example of the numbers, including numbers disclosed in the footnotes, that must be tagged in a consolidated statement of cash flows (highlighted in yellow):
Mandatory Text tagging
Annex 2 Table 1 (page 6) of the RTS on ESEF lists the following as mandatory elements of the core taxonomy to be tagged for financial years beginning on or after 1 January 2020. These tags can all be found in the first folder in the taxonomy list (0000000):
Label | Data type | Reference to IFRSs |
---|---|---|
Name of reporting entity or other means of identification | text | IAS 1 51 a |
Explanation of change in name of reporting entity or other means of identification from end of preceding reporting period | text | IAS 1 51 a |
Domicile of entity | text | IAS 1 138 a |
Legal form of entity | text | IAS 1 138 a |
Country of incorporation | text | IAS 1 138 a |
Address of entity's registered office | text | IAS 1 138 a |
Principal place of business | text | IAS 1 138 a |
Description of nature of entity's operations and principal activities | text | IAS 1 138 b |
Name of parent entity | text | IAS 1 138 c, IAS 24 13 |
Name of ultimate parent of group | text | IAS 24 13, IAS 1 138 c |
How to tag footnotes and text