About XBRL

Extensible Business Reporting Language (XBRL) is an electronic communication language that is universally used for the transmission and exchange of business information, which provides major benefits in the process of preparation, analysis and accuracy for various parties that provide and use business information. XBRL is currently utilized in reporting processes in various sectors including banking, insurance, securities regulators, the data provider and taxation.

Indonesia Stock Exchange plans to implement XBRL because it provides the following benefits for the exchange:

  1. Improving data collection process which creates efficiency, comprehensive, and reliable information.

  2. Improving the competitiveness of data products that we offer to institutional and private investors.

  3. Strengthening transparency and integrity of the capital market information, as well as improving service to all consumers of capital market information.

XBRL was created specifically for communicating business information between businesses and users of financial information, such as analysts, investors and regulators, by presenting a common electronic format for business reporting. XBRL does not change the information reported, but changes how the information is reported.

In general, business reports presented on the internet today is a closed and self-contained document. Although it can be viewed and transmitted using software and Internet, the format and contents of the report cannot be extracted automatically. Thus, using the information from the submitted report for analytical needs requires advanced process.

Bellow is an illustration of XBRL-based reporting.

In preparing an XBRL-based reporting format, an institution will refer to a certain standard of rules and procedures. That institution identifies which types of information that needs to be presented, which serve as the raw materials in building the Taxonomy.

XBRL Taxonomy serves as a dictionary for XBRL. These are the categorization schemes which define the specific tags for individual items of data (such as "net profit"). National jurisdictions have different accounting regulations, so each may have its own taxonomy for financial reporting. Many different organizations, including regulators, specific industries or even companies, may require taxonomies to cover their own business reporting needs. A special taxonomy may be designed to support collection of data and internal reporting within organizations.

Business reports that have been presented in XBRL format are named as instance document. The information contained in the instance document can be used interactively, because the data in the document can be accessed, extracted and processed electronically and automatically. XBRL tags are applied to the data elements so that they can be processed efficiently by computer software.

XBRL can show how items are related to one another. It can represent how they are calculated. It can also identify whether they fall into a particular grouping for organizational or presentational purposes. Most importantly, XBRL is easily extensible, so companies and other organizations can adapt it to meet a variety of special requirements that are suitable for them.

The rich and powerful structure of XBRL allows very efficient handling of business data by computer software. It supports all of the standard tasks involved in compiling, storing and using business data. Such information can be converted into XBRL by suitable mapping processes or generated in XBRL by software. It can then be searched, selected, exchanged or analyzed by a computer, or published for ordinary viewing.

  • XBRL is not a brand of software or applications, or applications that will replace the existing system.
  • XBRL is not a new accounting standard, and its application does not require any changes in accounting standards that have been implemented in a country.
  • XBRL will not change the reporting format.
  • XBRL is not a chart of accounts and is not a translation tool of chart of accounts.

Benefit of XBRL

The main benefits of using XBRL-based reporting is to improve the efficiency, speed and automate data processing that could support the process of analysis and quality of information that will be used for corporate decision-making.

Bellow is other several objectives and benefits of using XBRL-based reporting.

  1. Improve the use of electronic reporting system due to:

    • Standardized format that simplifies data comparison and analysis;
    • Automatic validation minimizes the risk of human/input errors.
  2. Facilitating the publication of reports (including financial statements) since XBRL can be processed into the desired format including PDF, HTML, Excel, TXT, etc.

  3. Enhances access to financial information, especially for international investors, since XBRL applies standard identification information, enabling foreign investors to independently analyze and perform data comparison in their desired language.

  4. Enhances reliability and accuracy of data, improves quality of information and accelerates business decision-making for investors.

  5. XBRL reporting format is beneficial for IDX for the development of Business Intelligence which will be utilized for evaluating and monitoring Listed Issuers.

Background of XBRL Implementation in Indonesia Stock Exchange

Along with the growing capital markets in Indonesia, the increasing need for readily available information that can be utilized by interested parties, and the need for information that can be processed quickly and efficiently, is expected to be fulfilled when the information is presented in a standardized format.

Therefore, in order to realize these goals as well as the means to support business Intelligence implementation, and to facilitate investors and regulators in accessing and processing data required for decision making, requires an integrated solution in the standardization of information reporting language, in this case, Extensible Business Reporting Language (XBRL).

Currently, the use of reports submitted by Issuers through IDXnet could not be maximized by the users of data because of the following disadvantages.

  • Detailed information can only be found in PDF format and included as attachments;
  • Differences in the presentation of the Financial Report Structure between each Issuers;
  • Data validation is currently being performed manually.

Data users, particularly investors, experience many obstacles to extract information quickly and accurately.

Therefore, XBRL-based reporting method is used to standardize the differences in reporting format, thus making it faster and easier for users to process data. Due to the standardized format, reports submitted by the issuers can be used in a variety of languages.

In regards to monitoring and evaluating listed issuers at the exchange, a more reliable, responsive and faster data processing of information is needed because of:

  • Increasing number of companies listed on the Stock Exchange;
  • Upsurge in the complexity and dynamics of corporate actions undertaken by Listed Companies;
  • Increasing varieties of reporting and disclosure of information received;
  • Increasingly diverse marketable securities and types of Listed Companies.

From the quality of information transparency perspective,

  • The need for reliable and dependable market information of the listed companies for the investors and the market;
  • Constraints of language differences and standards for global investors over the Listed Company's financial information can be bridged by adoption of XBRL.

XBRL development at Indonesia Stock Exchange

Since early 2012, Indonesia Stock Exchange has begun developing XBRL-based reporting. In an effort to implement XBRL-based reporting, Indonesia Stock Exchange has prepared a taxonomy which will be used for reporting using XBRL. In initiating XBRL-based reporting, Indonesia Stock Exchange has completed a taxonomy which is intended for financial reporting and it is planned to be implemented at the start of 2015.

The following financial statements are included in the IDX taxonomy:

  1. Statement of Financial Position;

  2. Statement of Comprehensive Income;

  3. Statement of Changes in Equity;

  4. Statement of Cash Flow.

The taxonomy will be used to standardize the format of financial reporting for all listed companies at Indonesia Stock Exchange from every sectors and subsectors which has been predetermined by IDX. For more detailed explanations of the taxonomy and its usage, please refer to the IDX taxonomy guidebook which can be downloaded here.

After the development of financial statements taxonomy has been completed, Indonesia Stock Exchange will continue developing taxonomy for disclosures, which is currently being developed. The types of disclosures currently under consideration are as follows:

  • Notes to financial statements
  • Disclosure obligations of the Issuer;
  • Corporate action.

Frequently asked questions

Unduh daftar FAQ.


Indonesia Stock Exchange has completed its first taxonomy, the Indonesia Stock Exchange (IDX) Taxonomy 2014, and was issued on April 30, 2014. The current taxonomy had been finalized through a public review process which was conducted in March 2014. As of June 5, 2014, IDX Taxonomy received an acknowledgement status from XBRL International and this taxonomy is the official taxonomy which will be used in Financial Reporting by Listed Companies in XBRL format starting in 2015.

IDX Taxonomy 2014 was developed with references to Indonesia Accounting Standards (PSAK), the Financial Accounting Standards (“IFRSs”) and the provisions of the Indonesia Financial Services Authority (“FSA”) that are relevant and valid, and represent the characteristics of the companies in their respective sectors and sub-sectors of the industry that are classified by IDX. The overall sector and subsector, based on common financial statement presentation format, are classified into 8 major industries (entry points) as follow:

  • General Industry
  • Property Industry
  • Infrastructure Industry
  • Financial and sharia industry
  • Securities Industry
  • Insurance Industry
  • Collective Investment Contract
  • Financing Industry

The overall format of the financial statements which have been prepared for the taxonomy was developed through a sampling process over the financial statements of Listed Companies on the Indonesia Stock Exchange. The sampling was taken from a total of 188 Listed Companies, or 35% of the total population of Listed Companies at IDX.

IDX Taxonomy 2014 consist of:

1. Document Entity Information (DEI)

Contains information about the reporting entity and the document being reported.

2. Financial Statements

    • Statement of Financial Position
    • Statement of Net Comprehensive Income
    • Statement of Changes in Equity
    • Statement of Cash Flows

Information on the acknowledged IDX Taxonomy 2014 is provided here. 

General Information

Name Indonesia Stock Exchange (IDX) Taxonomy 2014
Publish Date April 30, 2014
Status Final
Issuer Indonesia Stock Exchange (IDX)
Scope IDX Taxonomy 2014 is a financial reporting taxonomy which is based on Indonesian Accounting Standards (PSAK) that consist of:
  • Statement of Financial Position
  • Statement of Comprehensive income
  • Statement of Changes in Equity
  • Statement of Cash flows


Files and supporting materials

Name Description Version Date Link
2014 XBRL Presentation 2014 XBRL Presentation slides 1.1 30 April 2014 Download
IDX Taxonomy 2014 Zip file containing IDX Taxonomy 2014 and sample instance document 1.1 30 April 2014 Download
IDX Taxonomy Summary Document Summary of IDX Taxonomy 2014 1.0 30 April 2014 Download
Versioning Information Documentation of changes made 1.0 13 February 2014 Download
IDX Taxonomy 2014 Guidebook Information and explanations on IDX Taxonomy 2014 1.1 June 2014 Download
List of Accounts in IDX Taxonomy 2014 Financial Statement Char of Accounts provided in IDX Taxonomy 2014 1.1 30 April 2014 Download
Instance Document illustration An illustrative explanation of instance document creation 1.1 June 2014 Download
Assertion Formula in IDX Taxonomy 2014 Formulas in XBRL format provided in IDX Taxonomy 2014 1.0 21 February 2014 Download
List of Entry Points List of all Listed Companies and their respective Entry Points 1.0 21 February 2014 Download
Public Review form Public Review form for submitting comments and recommendations on IDX Taxonomy 2014 1.0 13 February 2014 Download
Taxonomy Expansion Survey Form Please use this survey form to submit your comments and suggestions related to Notes to Financial Statements taxonomy expansion. Results of this survey will be used as reference for building the notes to financial statements taxonomy. 1.0 9 October 2015 Download


Taxonomy Expansion

Indonesia Stock Exchange is currently in the early stages of expanding the current taxonomy to include the Notes to Financial Statements section of a financial report. This expansion is aimed at accommodating additional information within the XBRL financial reports and providing a more detailed understanding of the information being reported.

The expansion of the notes to financial statement taxonomy will be carried out in stages, firstly by adding up to 10 accounts into each of the entry points in the taxonomy, based on the need of the XBRL financial report Users.

As a way to identify notes that are commonly used out of a financial report, the Exchange is currently conducting a survey to help understand sections of the notes based their significance from the investor’s point of view.

Suggestions and comments towards which notes are to be added into the taxonomy would be beneficial in helping us build a better taxonomy for XBRL financial reporting by listed companies at Indonesia Stock Exchange. Therefore, we invite you to fill out and complete the taxonomy expansion survey form and please send the completed form to xbrl-ppu[@]idx.co.id. (without [ ]). The survey form can be downloaded here.

We appreciate your comments and feedback.



Please contact us for inquiries.

Phone : 021-5150515

Email : xbrl[@]idx.co.id (without [ ])