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 20) 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
*Please be aware that this text may appear in different chapters to your financial statements. You may need to download several chapters from your report to tag this textual information.
How to tag footnotes and text