SBR in Spain - A major XBRL Application

An important use of XBRL for SBR purposes can be found in Spain, where take up has been strong and savings are being realized. An XBRL mandate was established in Spain in 2004 and the country has been working hard since then to make SBR a reality. By the end of 2011, around 74% of Spanish companies were using XBRL to report their annual financial statements to the Business Register. For more on Spanish XBRL, check this article.