Orbis User Guide 2011

UserGuide
CopyrightBureauvanDijk2011
LastupdatedFebruary2011
TableOfContents
1
INTRODUCTION ........................................................................................................................... 1
1.1 HOWITHELPSYOU ...................................................................................................................... 1
1.2 COVERAGE .................................................................................................................................. 1
1.3 SOFTWAREOVERVIEW ................................................................................................................. 2
1.4 SYSTEMREQUIREMENTS .............................................................................................................. 2
1.4.1 Hardware ............................................................................................................................ 2
1.4.2 Software............................................................................................................................... 2
GETTINGSTARTED ..................................................................................................................... 3
2.1 HOMEPAGE ................................................................................................................................. 3
2.1.1 Overview ............................................................................................................................. 3
2.1.2 Advancedsearchtoolbox .................................................................................................... 4
2.1.3 Searchsidemenu ................................................................................................................. 5
2.1.4 Searchstrategytoolbox....................................................................................................... 6
2.2 PRODUCTTOOLBAR .................................................................................................................... 6
2.3 DEFININGYOURDEFAULTHOMEPAGE .......................................................................................... 7
2.4 NAVIGATING ............................................................................................................................... 7
DEFINEYOURSETTINGS ........................................................................................................... 8
3.1 MANAGINGTHEAPPLICATIONSETTINGS ....................................................................................... 8
3.2 ACCOUNTSETTINGS..................................................................................................................... 9
3.2.1 Managingyouraccountsettings ........................................................................................... 9
3.2.2 Accountinformation............................................................................................................. 9
3.2.3 Myusername&password .................................................................................................. 10
3.3 GENERALOPTIONSSETTINGS...................................................................................................... 10
3.3.1 Generaloptions ................................................................................................................. 10
3.3.2 Userpreferences................................................................................................................ 11
3.3.3 Regionalsettings................................................................................................................ 12
3.3.4 PrinterSettings .................................................................................................................. 13
3.3.5 Sendsettings ...................................................................................................................... 14
3.3.6 Timeconsistencysettings.................................................................................................... 14
3.4 EXPORTSETTINGS...................................................................................................................... 15
3.4.1 Managingyourexports ...................................................................................................... 15
3.4.2 Myexports ......................................................................................................................... 15
3.4.3 Exportsettings ................................................................................................................... 15
3.5 SEARCHSETTINGS ..................................................................................................................... 16
3.5.1 Managingyoursearchsettings........................................................................................... 16
3.5.2 Workingwithyoursavedsearches...................................................................................... 16
3.5.3 Searchsettings................................................................................................................... 18
3.6 LISTSETTINGS ........................................................................................................................... 20
3.6.1 Managinglistformatsandlistsettings................................................................................ 20
3.6.2 Mylists .............................................................................................................................. 20
3.6.3 Listsettings........................................................................................................................ 21
3.7 REPORTSETTINGS...................................................................................................................... 22
3.7.1 Managingreportformatsandreportsettings...................................................................... 22
3.7.2 Myreports ......................................................................................................................... 22
3.7.3 Reportsettings ................................................................................................................... 23
3.8 MANAGINGOWNERSHIPSETTINGS .............................................................................................. 23
3.9 ANALYSISSETTINGS .................................................................................................................. 23
3.10
MYOWNPEERGROUPS ........................................................................................................... 24
3.10.1
View/change thecompaniesassociatedtoapeergroup................................................... 24
3.10.2
Deleteapeergroup ........................................................................................................ 24
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3.11
CUSTOMISEDSECTIONSSETTINGS ........................................................................................... 25
3.11.1
Managingcustomisedsectionssettings............................................................................ 25
3.11.2
Mycustomisedsections................................................................................................... 25
3.11.3
Customisedsectionssettings ........................................................................................... 26
3.12
USERDEFINEDVARIABLESSETTINGS....................................................................................... 27
3.12.1
Managinguserdefinedvariablessettings........................................................................ 27
3.12.2
Myuserdefinedvariable................................................................................................. 27
3.12.3
Userdefinedvariablesettings......................................................................................... 28
3.13
USEREDITEDDATA ................................................................................................................ 28
3.13.1
Managinguserediteddata.............................................................................................. 28
3.13.2
Companieswithuserediteddata..................................................................................... 28
3.13.3
Userediteddatasettings................................................................................................. 30
3.14
USERIMPORTEDFIELDS .......................................................................................................... 30
3.14.2
My importedfields.......................................................................................................... 32
3.14.3
Userimportedfieldsproperties....................................................................................... 35
3.14.4
Preparethefilecontainingthevaluesofimportedfields.................................................. 36
3.15
OWNCLASSIFICATIONS........................................................................................................... 41
3.15.1
Ownclassifications......................................................................................................... 41
3.15.2
Myownclassifications.................................................................................................... 41
3.15.3
Createanewownclassification...................................................................................... 42
4
SEARCH........................................................................................................................................ 45
4.1 QUICKSEARCH .......................................................................................................................... 45
4.2 WORKINGWITHTHEGROUPEDVIEWOFSEARCHCRITERIA.......................................................... 46
4.3 WORKINGWITHTHEALPHABETICALLISTOFSEARCHCRITERIA ................................................... 47
4.4 WORKINGWITHYOURSAVEDSEARCHES .................................................................................... 48
4.4.1 Loadasavedsearch........................................................................................................... 48
4.4.2 Deleteasavedsearch......................................................................................................... 49
4.4.3 Add/removeasavedsearchtoyourfavourites .................................................................... 49
4.4.4 Sortingthelistofsavedsearches ........................................................................................ 49
4.5 WORKINGWITHYOURFAVOURITESEARCHES............................................................................. 49
4.5.1 Loadingasearch ............................................................................................................... 49
4.5.2 Organisingyourfavourites................................................................................................. 49
4.5.3 Removingafavouritesearchordirectory ........................................................................... 50
4.6 WORKINGWITHYOURSEARCHHISTORY ..................................................................................... 51
MANAGINGYOURSEARCH..................................................................................................... 52
5.1 SEARCHSTRATEGYTOOLBOX................................................................................................... 52
5.1.1 Workingwithsearchsteps.................................................................................................. 52
5.1.2 Searchstrategytoolbar..................................................................................................... 52
5.2 SAVEASEARCH ......................................................................................................................... 53
5.2.1 Procedure .......................................................................................................................... 53
5.2.2 Otherfunctions .................................................................................................................. 53
5.3 BOOLEAN SEARCHING ............................................................................................................... 54
5.4 BOOLEANOPERATORS ............................................................................................................... 55
5.5 BOOLEANSEARCHPRIORITY ...................................................................................................... 58
5.5.1 Genericexample ................................................................................................................ 58
VIEWINGSEARCHRESULTS................................................................................................... 60
6.1 LISTOFRESULTS ....................................................................................................................... 60
6.1.1 Overview ........................................................................................................................... 60
6.1.2 Workingwithalistofcompanies ........................................................................................ 60
6.1.3 Listtoolbar....................................................................................................................... 61
6.1.4 Listsidemenu.................................................................................................................... 62
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OrbisUserGuide
6.2 SEARCHSTRATEGYTOOLBOX................................................................................................... 63
6.2.1 Workingwithsearchsteps.................................................................................................. 63
6.2.2 Searchstrategytoolbar..................................................................................................... 63
6.3 DEFINETHEDEFAULTPEERGROUP ............................................................................................. 64
6.4 MARKINGCOMPANIESFROMTHELISTOFRESULTS ...................................................................... 65
6.5 LISTFORMATS ........................................................................................................................... 66
7
COMPANYREPORTS................................................................................................................. 69
7.1 OVERVIEW ................................................................................................................................ 69
7.2 REPORT SECTIONS..................................................................................................................... 69
7.2.1 Reportsectiontoolbar....................................................................................................... 70
7.3 REPORTTOOLBAR .................................................................................................................... 70
7.4 REPORTLATERALMENU ............................................................................................................ 71
7.4.1 Backtothelistofresults .................................................................................................... 71
7.4.2 Search ............................................................................................................................... 71
7.4.3 Definetheformat ............................................................................................................... 72
7.4.4 Displayaspecificsection ................................................................................................... 72
7.4.5 Download .......................................................................................................................... 72
7.5 DEFINETHEDEFAULTPEERGROUP ............................................................................................. 73
7.6 REPORTFORMATS ...................................................................................................................... 74
7.6.1 Reportformats ................................................................................................................... 74
7.6.2 Predefinedreports ............................................................................................................. 76
7.7 REPORTSECTIONDISPLAYOPTIONS ............................................................................................ 78
7.7.1 Layoutoptionsfortabulardata .......................................................................................... 78
7.7.2 Displayoptionsforoptionsforstockdatasections.............................................................. 81
7.7.3 Displayoptionsforownershipsections............................................................................... 81
7.7.4 Displayoptionsforgraphs ................................................................................................. 81
7.7.5 ElementsofaPeerreport................................................................................................... 82
7.8 CUSTOMISEDSECTIONS ............................................................................................................ 108
7.8.1 Create/modifyacustomisedsection.................................................................................. 109
7.8.2 Userdefinedvariables...................................................................................................... 112
7.8.3 Multipledataitems........................................................................................................... 114
7.9 MODIFYDATAOFACOMPANY .................................................................................................. 115
7.9.1 Editaspecificsection....................................................................................................... 115
7.9.2 Updatedata ..................................................................................................................... 117
ANALYSES ................................................................................................................................. 118

8.1 SEGMENTATION ....................................................................................................................... 118
8.1.1 Accessingthesegmentationanalysis................................................................................. 118
8.1.2 Segmentationwizard ........................................................................................................ 119
8.1.3 Workingwiththeresultsofasegmentationanalysis.......................................................... 128
8.1.4 Displayoptions ................................................................................................................ 134
8.2 PEERANALYSIS....................................................................................................................... 141
8.2.1 Accessingthepeeranalysis .............................................................................................. 142
8.2.2 Peeranalysiswizard ........................................................................................................ 143
8.2.3 Workingwiththeresultsofapeeranalysis ....................................................................... 148
8.2.4 Displayoptions ................................................................................................................ 163
8.3 AGGREGATION ........................................................................................................................ 185
8.3.1 Accessingtheaggregationanalysis .................................................................................. 185
8.3.2 Aggregationwizard.......................................................................................................... 186
8.3.3 Workingwiththeresultsofanaggregation....................................................................... 191
8.3.4 Displayoptions ................................................................................................................ 197
8.4 STATISTICALDISTRIBUTION ..................................................................................................... 210
8.4.1 Accessingthedistributionanalysis ................................................................................... 210
8.4.2 Distributionwizard .......................................................................................................... 211
8.4.3 Workingwiththeresultsofadistributionanalysis ............................................................ 216
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8.4.4 Display options ................................................................................................................ 222

8.5 CONCENTRATIONANALYSIS ..................................................................................................... 228
8.5.1 Accessingtheconcentrationanalyses ............................................................................... 229
8.5.2 Concentrationwizard....................................................................................................... 230
8.5.3 Workingwiththeresultsofaconcentrationanalysis......................................................... 234
8.5.4 Displayoptions ................................................................................................................ 241
8.6 LINEARREGRESSION ................................................................................................................ 251
8.6.1 AccessingtheLinearregressionanalysis.......................................................................... 252
8.6.2 Linearregressionwizard.................................................................................................. 253
8.6.3 Workingwiththeresultsofalinearregression ................................................................. 257
8.6.4 Displayoptions ................................................................................................................ 262
9
EXPORTING............................................................................................................................... 269
9.1 WORKINGWITHTHEEXPORTSYSTEM ....................................................................................... 269
9.1.1 Overview ......................................................................................................................... 269
9.1.2 Limitations....................................................................................................................... 269
9.2 DOWNLOADINGLIMITATIONS ................................................................................................... 270
9.2.1 Austria/Germany.............................................................................................................. 270
9.2.2 Sweden/Denmark ............................................................................................................. 270
9.2.3 France ............................................................................................................................. 270
9.3 EXPORTFORMATS.................................................................................................................... 271
9.3.1 Whichexportformatismoreappropriate?........................................................................ 271
9.4 EXPORTINGFROMTHELISTOFRESULTS.................................................................................... 273
9.4.1 Overview ......................................................................................................................... 273
9.4.2 Procedure ........................................................................................................................ 274
9.5 EXPORTINGFROMAREPORT..................................................................................................... 275
9.5.1 Overview ......................................................................................................................... 275
9.5.2 Basicexport ..................................................................................................................... 276
10
USERIMPORTEDFIELDS.................................................................................................... 278
10.1.1
Overview...................................................................................................................... 278
10.1.2
Definition ..................................................................................................................... 278
10.1.3
Workingwithuserimported fields................................................................................ 278
10.2
MYIMPORTEDFIELDS........................................................................................................... 280
10.2.1
Importingnewfields ..................................................................................................... 280
10.2.2
Manageyourimportedfields ........................................................................................ 282
10.3
USERIMPORTEDFIELDSPROPERTIES ..................................................................................... 283
10.3.1
Choosethevaluetype ................................................................................................... 283
10.3.2
Choosethevalueproperties.......................................................................................... 283
10.4
PREPARETHEFILECONTAININGTHEVALUESOFIMPORTEDFIELDS ......................................... 284
10.4.1
Validfiletypes.............................................................................................................. 284
10.4.2
Validfilelayouts(notapplicableforsegments) ............................................................. 284
10.4.3
Validfilelayouts(forfieldsoftypesegmentonly).......................................................... 287
11
USEREDITEDDATA............................................................................................................. 290
11.1
USEREDITEDDATA .............................................................................................................. 290
11.1.1
Overview...................................................................................................................... 290
11.1.2
Definition ..................................................................................................................... 290
11.1.3
Reportmodes................................................................................................................ 290
11.2
CREATEANEWCOMPANY ..................................................................................................... 291
11.3
MODIFYDATAOFACOMPANY .............................................................................................. 292
11.3.1
Editaspecificsection ................................................................................................... 292
11.3.2
Updatedata.................................................................................................................. 294
12
USERDEFINEDVARIABLES ............................................................................................... 295
12.1
OVERVIEW ........................................................................................................................... 295

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OrbisUserGuide
12.2
DEFINETHEFORMULA .......................................................................................................... 295
12.2.1
Creatingsimplevariables ............................................................................................. 295
12.2.2
Creatingconditionalvariables...................................................................................... 296
12.3
DEFINETHEPROPERTIESOFAVARIABLE ............................................................................... 297
12.4
DEFINETHELABELASSOCIATEDTOVARIABLE ...................................................................... 297
13
OWNCLASSIFICATIONS ..................................................................................................... 298
13.1
CREATEANEWOWNCLASSIFICATION ................................................................................... 298
13.1.1
Preparingtheownclassificationtable .......................................................................... 298
13.1.2
Uploadingtheownclassification .................................................................................. 300
14
ADDITIONALDATAMODULES.......................................................................................... 301
14.1
INDUSTRYRESEARCH ........................................................................................................... 301
14.1.1
Overview...................................................................................................................... 301
14.1.2
Coverage...................................................................................................................... 302
14.1.3
Documentslibrary ........................................................................................................ 303
14.1.4
Marketvalues andtrendsanalysis................................................................................. 312
14.2
ROYALTYDATABASE ........................................................................................................... 334
14.2.1
SearchforRoyaltyagreements...................................................................................... 334
14.2.2
Listofresultsforroyaltyagreements ............................................................................ 335
14.2.3
Royaltyagreementreport.............................................................................................. 337
15
DATADETAILS...................................................................................................................... 340
15.1
ACTIVITY............................................................................................................................. 340
15.1.1
Newactivityclassifications ........................................................................................... 340
15.2
ACCOUNT& STATUSINFORMATION...................................................................................... 340
15.2.1
Detailsaboutthecollectionofaccounts ........................................................................ 340
15.2.2
Typeofaccounts........................................................................................................... 390
15.2.3
Companystatusdefinitions ........................................................................................... 391
15.2.4
Auditstatus................................................................................................................... 391
15.2.5
Source ofaccounts........................................................................................................ 392
15.3
COMPANYIDENTIFICATIONNUMBERS................................................................................... 393
15.3.1
BvDIdentificationnumbers .......................................................................................... 393
15.3.2
AvailableIDnumbersforindustrialcompanies............................................................. 396
15.4
COVERAGE .......................................................................................................................... 402
15.4.1
Companysizecategories............................................................................................... 402
15.5
CURRENCIES ........................................................................................................................ 403
15.5.1
ExchangeRates ............................................................................................................ 403
15.5.2
IMFCurrencyCodes .................................................................................................... 403
15.6
DATAUPDATINGFREQUENCYBYSOURCEANDCOUNTRY/COMPANYTYPE .............................. 408
15.7
DIRECTORS .......................................................................................................................... 411
15.7.1
WomenorminorityownedUScompanies...................................................................... 411
15.8
FINANCIALDATA ................................................................................................................. 412
15.8.1
Annualisationoffinancialitems .................................................................................... 412
15.8.2
Correspondencetables.................................................................................................. 412
15.8.3
Formatdefinitions ........................................................................................................ 497
15.8.4
Usingestimates ............................................................................................................ 501
15.9
GEOGRAPHICDATA .............................................................................................................. 505
15.9.1
Worldregions............................................................................................................... 505
15.9.2
ISOCountryCodes....................................................................................................... 507
15.10 INFORMATIONPROVIDERS.................................................................................................... 513
15.11 LEGALFORMS ...................................................................................................................... 520
15.11.1 Legalformscategories.................................................................................................. 520
15.12 PEERGROUPS ....................................................................................................................... 521
15.12.1 Peergroups.................................................................................................................. 521
15.13 RATINGSANDSCORES .......................................................................................................... 521
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15.13.1 VadisPredictiveIndicators........................................................................................... 521

15.13.2 MoreRatings................................................................................................................ 528
15.14 ROYALTYDATABASE ........................................................................................................... 531
15.14.1 KtMinedata Frequentlyaskedquestions..................................................................... 531
15.14.2 Agreementtypes ........................................................................................................... 534
15.14.3 Royaltyrates ................................................................................................................ 535
15.14.4 ktMINEindustryclassification ...................................................................................... 535
15.15 STOCKDATA ........................................................................................................................ 547
15.15.1 Stockdata overview.................................................................................................... 547
15.15.2 FormulaforStockDataRatios...................................................................................... 547
15.15.3 Stockdatareportsections ............................................................................................. 548
16
APPENDICES .......................................................................................................................... 557
16.1
16.2
16.3
16.4
16.5
16.6
16.7
16.8
16.9
16.10
17
ABSOLUTE YEARS ................................................................................................................ 557

ACCESSINGORBIS ................................................................................................................ 557
RELATIVEYEARS ................................................................................................................. 557
COMPANYSET ...................................................................................................................... 557
CREDITSYSTEM ................................................................................................................... 557
CORRELATIONCOEFFICIENT ................................................................................................. 558
CUSTOMISEHEADERSANDFOOTERS ..................................................................................... 558
PEERREPORT ....................................................................................................................... 559
RELATIVEINTERQUARTILEINTERVAL ................................................................................... 560
UPLOADINGCOMPANIESBASEDONALISTOFID NUMBERS .................................................... 560
INDEX ...................................................................................................................................... 563
vii
1 Introduction
Orbiscontainscomprehensiveinformationoncompaniesworldwide.Youcanuseittoresearch
individualcompaniesandfindcompanieswithspecificprofilesandanalysethem.
Companyfinancialsinastandardisedformatasreporteddatacanbeunfolded
Financialstrengthindicators
CountryprofilesandoutlookfromtheEIU
Directorsandcontacts
Originalfilings/images
Stockdataforlistedcompanies
Detailedcorporatestructures
Marketresearch
Businessandcompanyrelatednews
M&Adealsandrumours
TheOrbisdatabaseisalsoavailableviaourMintfrontend,MintGlobal.Mintproductsare
designedforendusersanddesktopaccesswithstreamlinedoptions.
1.1 Howithelpsyou
Orbisiseasytouseandhelpsyounavigatecompanyinformationquicklyandeasily.
Searchbyhundredsofcriteriayoucansearchbytrendsandovermultipleyears
Doadetailedfinancialanalysisonacompanyyoucanalsoincludeour
complementaryinformationincludingM&Adealsandrumours,newsandmarket
research
Refertooriginalfilingsusingourlibraryofscannedimages
Illustratefinancialswithoureasytocreategraphs
Getaquickviewofacompanysfinancialstrength
Monitorcompaniesusingouralertsystem
Lookatacompanyscorporatestructureinatreediagramandfindallcompanieswith
thesameparent
Createandanalysepeergroups
Thecompaniesareinastandardformatthesameasonourotherregionalproducts,
AmadeusandOriana.
1.2 Coverage
Orbiscoversapproaching65millioncompaniesaroundtheworld,including:
WesternEurope:18millioncompanies
EasternEurope:8millioncompanies
NorthAmerica:19millioncompanies
OrbisUserGuide
SouthandCentralAmerica:6millioncompanies
Japan:4millioncompanies
China:400,000companies
RestoftheWorld:2.5millioncompanies
Orbisincludesinformationonover60,000listedcompanies
1.3 Softwareoverview
Over100searchcriteriacanbecombinedusingBooleancriteriatoclearlyidentifythe
companysetonwhichinformationwillbedisplayed(reports)orthatwillbeusedforanalysis
(statisticalanalysis,peerreports,segmentations,etc.).
Datathancanbedisplayed,exported,sentbyemailsorprintedincustomisedlistsorreports
formats.
1.4 SystemRequirements
1.4.1 Hardware
PCwithCPUwithfrequencyof1Ghzorhigher(Pentium/Celeroncategory
K6/Athlon/Duron/XPorcompatibleprocessor)
1GbofRAM
SVGAvideocardandmonitorofminimalresolution1024x768pixels.
1.4.2 Software
MicrosoftWindowsXP,Vistaorhigher
InternetExplorer6orhigher
Microsoft.NetFramework2SP2orhigher
2 Gettingstarted
2.1 Homepage
2.1.1 Overview
Orbis'shomepageisthefirstscreenthatyouaccesswhenaccessingtheapplication.Itallows
accesstoavarietyofsearchoptionstoquerythedatabase,loadpreviouslysavedorunsaved
searchesaswellrunaseriesofanalysesonthecurrentlyselectedcompanies.
Homepage
AtthetopofscreenisdisplayedOrbis'stoolbar.Thistoolbarisnotspecifictoanyscreenor
moduleandisalwaysavailable.Itallowsyoutorunaquickonestepsearchandaccessa
varietyofcorefunctions.SeeProducttoolbarformoredetails.
Thehomepageiscomposedofthreemainelements:
Theadvancedsearchtoolbox
Thesearchsidemenu
Thesearchstrategytoolbox
OrbisUserGuide
2.1.2 Advancedsearchtoolbox
Theadvancedsearchoptionsprovideyouwithmultiplesearchcriteriaallowingyouto
accuratelyfindandretrievecompanies.
Advancedsearch
Theadvancedsearchiscomposedoftabsandsubtabs.
2.1.2.1 Searchtab
UndertheSearchtabyoumayaccessalltheavailablesearchcriteria.TheSearchtab
hastwosubtabs:
Groupedview:unlessyouspecifyotherwise(see'Definingyourdefaulthome
page'formoredetails)youarepresentedwiththeGroupedviewofsearch
criteria.Thegroupedvieworganisesthedifferentavailablesearchcriteriaby
logicalcategory.See'Workingwiththegroupedviewofsearchcriteria'formore
details
Alphabeticallist:thealphabeticallisttabpresentsalltheavailablesearch
criteriainanalphabeticallist.See'Workingwiththealphabeticallistofsearch
criteria'formoredetails.
Inadditiontothesetwosubtabs,aneditboxenablingyoutofindacriterionis
available:
1. Typeinoneormorewordsincludedinthesearchcriterionyouwishtouseinthe
availableeditbox.
2. Asyoutype,alookupmenuisdisplayedunderneathwithallthecriteria
matchingthetextyoutypedinsofar.
3. Clickonthecriterionyouwishtousetoaccessit.
2.1.2.2 Savedsearchestab
Underthesavedsearchestabarelistedallyourpreviouslysavedsearchstrategiesand
companysets.Fromthistabyoumayloadapreviouslysavedsearch,deleteapreviously
savedsearchoradd/removeasavedsearchtoyourfavourites.
See'Workingwithyoursavedsearches'formoredetails.
Gettingstarted
2.1.2.3 Favouritestab
Underthefavouritestabarelistedallthesavedsearchesthatyouaddedasafavourite.
Youmaycreatedirectoriesandsubdirectoriesinordertoorganiseandplacefavourite
searches.
See'Workingwithyourfavouritesearches'formoredetails.
2.1.2.4 Historytab
Underthehistorytabarelistedallthesearchesyouranregardlessofwhetheryousaved
themornot.Yourhistoryisorganisedbytimeperiodsoyoucaneasilyfindandaccess
themaccordingtowhetheryouranthesearchtoday,yesterday,twodaysago,etc.You
mayloadanunsavedsearchbyclickingonitfromthisscreen.
See'Workingwithyoursearchhistory'formoredetails.
2.1.3 Searchsidemenu
Thesearchsidemenucontainsavarietyoflinksandmenusallowingyoutoviewthelistof
results,trashandcreateanewsearchaswellasrunaseriesofanalysesonthecurrently
selectedcompanies.
Searchsidemenu
YoumayhidethesidemenuinordertomaximizeyourworkingspacebyclickingontheHide
button.
Theotheroptionsaredefinedhereunder
Option Action
Gotolistofresults: Viewthelistofresults
Newsearch: Trashyourcurrentsearchandstartanewsearch
Modifycurrent
Nothing
search:
Runasegmentationanalysisonthecurrentlyselected
Segmentation:
companies
Peeranalysis: Runapeeranalysisonthecurrentlyselectedcompanies
Aggregation: Runanaggregationanalysisonthecurrentlyselectedcompanies
Concentration Runaconcentrationanalysisonthecurrentlyselected
analysis: companies
Statistical Runastatisticaldistributionanalysisonthecurrentlyselected
distribution: companies
Runalinearregressionanalysisonthecurrentlyselected
Linearregression:
companies
OrbisUserGuide
2.1.4 Searchstrategytoolbox
Thesearchstrategytoolboxlistsallthesearchstepsthatyouspecifiedandallowsyouto:
modifyasearchstep,saveasearch,deleteoneorallsearchsteps,ignoreasearchstepand
moreimportantly,ifyouhavemorethanonesearchstep,buildcomplexsearchstrategies
usingBooleanoperators.
SeeSearchstrategytoolboxformoredetails.
Notes:
Thesearchstrategytoolboxisonlydisplayedifyouspecifiedatleastonesearchstep.
Youmayaccessthishomepageatanytimebyclickingonthenavigationbread
crumbsdisplayedatthetopleftofanyscreen.
Bydefaultyouarepresentedwiththegroupedviewofsearchcriteria.Yourdefault
homepagemaybecustomised.SeeDefiningyourdefaulthomepageformoredetails.
2.2 Producttoolbar
AtthetopofanyscreenavailableinOrbisaredisplayedanumberoffeaturesandoptions
accessibleatanytimewhenyouareworking.
Theeditboxallowsyoutorunaquickonestepsearchaccordingtoavarietyof
criteria.SeeQuicksearchformoredetails.
Totherightofthetoolbararedisplayedanumberofbuttonsandmenusdefined
below:
Button/
Menuitem
Alerts
Settings
Help
Contactus
Logout
Function
Hoveroverthisoptiontoexpandthealertsmenuitemsallowingyou
toviewandmanageyourlistofalerts,defineyouralertsettings
andmanageyourlistofrecipientsthroughtheaddressbook.
Clickonthisbuttontoaccessyourusersettingstofinetuneyour
preferencesandmanageyoursavedsearches,layouts,reports,etc.
Hoveroverthisoptiontoexpandthehelpmenuitemsallowingyou
toaccessenduserdocumentation,listoftipsoftheday,coverage
tables,downloadoftheWebAddin,etc.
Clickonthisbuttontoaccessascreenallowingyoutoprovide
productfeedbackandsubmittechnicalquestionstoBvD.
EndyourcurrentsessionandlogoutofOrbis
Gettingstarted
2.3 Definingyourdefaulthomepage
Bydefault,whenyouaccessOrbis'sHomepageyouarepresentedwiththegroupedviewof
searchcriteria.Youmaychangethisdefaulthomepageto:
Thealphabeticallistofsearchcriteria
Yoursavedsearches
Yourfavourites
Yoursearchhistory
Todoso,gotothescreenyouwishtosetasyourdefaulthomepageandactivatetheoption
Defaulthomepage.Bydoingso,eachtimeyouaccessthehomepage,youarepresented
withthattab.
2.4 Navigating
Navigationbetweenthedifferentscreensandmodulesisveryeasyandintuitive.
Inadditiontothedifferentclearlylabelledbuttonsandlinks,thefollowingnavigational
featuresareavailable:
Atthetopleftofeachpage,breadcrumbsaredisplayedallowingyoutotraceback
thedifferentoperationsyoudid.Clickonabreadcrumbtogotothatpage(e.g.click
onHometoreturntothehomepage).
YoumayfreelyusetheBackbuttononyourbrowsertoreturntothepreviousscreen
youwereworkingfrom(e.g.modifyyoursearchcriteriawhenviewingthelistof
results).
3 Defineyoursettings
3.1 Managingtheapplicationsettings
Access:clickontheSettingslinkfromtheproducttoolbar
Orbis'ssettingsmoduleallowsyouto:
Configureandfinetunegeneralapplicationandmodulespecificsettings
Accessandmanagepreviouslysaveddata.
Thesettingsareorganisedincategories,displayedinthesidemenu:
Account
Generaloptions
Exports
Searches
Lists
Reports
Ownership
Analysis
OwnPeerGroups
Customisedsections
Userdefinedvariablessettings
Userediteddata
Userimportedfields
Ownclassifications
Defineyoursettings
3.2 Accountsettings
3.2.1 Managingyouraccountsettings
Theaccountsettingscategoryallowsyouto:
Viewyouraccountinformation
Changeyourusernameandpassword
Foreachoption,whenyouarefinishedclickontheFinishbutton
3.2.2 Accountinformation
Access:
1. ClickontheSettingslinkintheproducttoolbar
2. HoverovertheAccountmenuiteminthesidemenu
3. SelectAccountinformation
Accountinformationdialog
Theaccountinformationscreendisplaysthefollowinginformation:
Thenumberofuserscurrentlyconnectedtotheapplications
Yourusername
Yourgroup
Youraccount
Theservertowhichyouareconnected
Note:
TochangeyourusernameorpasswordgoMyusername&password
Ifyoupreviouslystoredyourpassword,amessageandalinkisdisplayedallowingyou
toremoveit.
Forreminder,storingyourpasswordallowsyoutoautomaticallyloginOrbiswithout
havingtospecifyyourusernameandpasswordattheloginscreen.
OrbisUserGuide
3.2.3 Myusername&password
Access:
2. HoverovertheAccountmenuiteminthesidemenu
3. SelectMyusernameandpassword
Theusernameandpassworddialogallowstochangetheusernameandpasswordusedtolog
intoOrbis.
Username&passworddialog
1. Typeinyourcurrentpasswordintheeditboxlabeled'Yourcurrentpasswordis'.
2. Keeportypeinanewusernameintheeditboxlabeled'Yournewusernameis'.
3. Typeinyournewpasswordintheeditboxlabeled'Yournewpasswordis'.
4. Confirmyournewpasswordintheeditboxlabeled'Retypeournewpassword'.
3.3 Generaloptionssettings
3.3.1 Generaloptions
Thegeneraloptionssettingsallowyoudefineyour:
Userpreferences
Regionalsettings
Printersettings
Sendsettings
Timeconsistencysettings
Foreachsubcategoryofthegeneraloptions:
10
ClickontheFinishbuttontoapplyyoursettings.
ReverttothedefaultsettingsbyclickingontheReverttodefaultsettingslink.
Defineyoursettings
3.3.2 Userpreferences
Access:
2. HoverovertheGeneraloptionsmenuiteminthesidemenu
3. SelectUserpreferences
Theuserpreferencesettingsallowyoutoselectavarietyofdifferentoptionsallowingyouto
personaliseOrbis.
Userpreferencesettingsdialog
3.3.2.1 Defaultcurrency
Thecurrencyyouchooseinthisoptionwillbethedefaultcurrencyusedforsearches,listof
results,reportsandanalyses.Notethatyouhavetheoptiontochangethecurrencyineachof
themodulesusingthedifferentavailableoptions.Forexampleinreports,youmaymodifythe
displayoptionsofareportsectioncontainingfinancialitemsandchoosethecurrencyinwhich
todisplayfinancialvalues.
3.3.2.2 Listofcurrencies
Choosewhetheryouwouldlikethelimitedlistorthecompletelistofcurrenciestochoose
fromineachofthemodules.Thelimitedlistofcurrenciescomprisesthemain,commonly
currencies(EUR,USD,GBP,JPY,CAD,CHF,etc)whilethecompletecomprisesallcurrencies
3.3.2.3 Defaultlanguageoptionforresultsandanalysis
Thisoptionallowsyoutochoosetodisplaycompanynames,addresses,etcusinglocal
languages(e.gCyrillic) ortheinternationallyformattedcounterpartnamewhenitisavailable.
3.3.2.4 Sidebaroptions
Chooseifyouwouldliketoshoworhidethesidemenu,ordisplayittotheleftortherightof
thescreen
3.3.2.5 Showthewarningpopupboxwhensavingunderanexistingname
Ifyousaveasearch,listformat,reportformat,reportlayoutoranalysisusingthesamename
asonethatalreadyexists,youoverwriteitandhencelosethepreviouslysavedfile.Activate
thisoptiontoforceapopupwarningboxtoalertyouthatyouareabouttooverwriteapre
existingfile.
3.3.2.6 Showthewarningpopupboxwhenafilehasbeensavedontotheserver
Whenactivated,apopupwarningboxwillbedisplayedeachtimeyousaveayousave
search,listformat,reportformat,reportlayoutoranalysis.
11
OrbisUserGuide
3.3.2.7 ShowthetipofthedaywhenstartingupOrbis
ActivatethisoptiontoshowthetipofthedaywhenOrbisstartsup.Notethatifyouchoose
nottodisplaythetipoftheday,youcanalwaysviewthefulllistoftipsfromthehelpmenu.
3.3.3 Regionalsettings
Access:
3. SelectRegionalsettings
Theregionalsettingsallowyoutoselect:
Thetimezoneinwhichyoulive
Thedateformatyouwishtouse
Thethousandseparator
Thedecimalseparator
Regionalsettingsdialog
Note:thethousandanddecimalseparatorscannotbethesame.
12
Defineyoursettings
3.3.4 PrinterSettings
Access:
3. SelectPrintersettings
Theprintersettingsallowyoutodefinethesettingsyouwishtoapplyhenprintingoutlists,
reportsandresultsofanalyses
Printersettingsdialog
3.3.4.1 Papersizeandorientation
Papersize:youmaychooseA4,A3orLetter
Orientation:youmaychoosePortraitorLandscape
Note:ensurethattheprintersettingsonyourcomputermatchtheprintersettingsyou
selectabove.same.
3.3.4.2 Headerandfooter
UsetheHeaderandFooterdropmenustoselectoneofthepredefinedheadersandfooters.
YoumayalsocreateyourowncustomheaderandfooterbyclickingontheCustomiselink.
SeeCustomiseheadersandfootersformoreinformation.
Note:ensurethattheprintersettingsonyourcomputermatchtheprintersettingsyou
selectabove.same.
3.3.4.3 Includethesearchsummarywhenexporting/printing
Activateoptiontoalwaysincludethesearchsummary(i.e.thelistofsearchsteps)usedwhen
printingorexporting.
3.3.4.4 Showtheprintsettingsdialogbeforeprinting
Activateoptiontoalwaysshowprintersettingsdialogwhenprintinglistofresults,reportsor
resultsofanalyses.Ifyoudoactivatethisoption,thedefaultprintsettingswillalwaysbe
applied.
13
OrbisUserGuide
3.3.5 Sendsettings
Access:
3. SelectSendsettings
Thesendsettingsoptionsallowtochoosehowexportedfilesaretobesentoutbyemailwhen
usingthesendfunctionfromlists,reportsoranalysesresults.
Sendsettingsdialog
Twooptionsareavailable:
Alinktotheexporteddocument:
Choosethisoptiontoincludealinktotheexporteddocumentinthebodyofyour
email.Yourrecipientswillneedtoclickonthelinktodownloadandviewtheexported
filefromtheBvDservers.
Thisoptionhastheadvantageofnotclutteringrecipients'mailboxes.
Theexporteddocumentasanattachedfileonlyifthefiledoesnotexceedthe
maximumsizeof(1,2,3,4,5,6,7,8,9,10)MB:
Choosethisoptiontosendtheexporteddocumentasanattachmenttotheemailas
longasitdoesnotexceedthespecifiedmaximumsize.Ifthedocumentyousendis
overthethreshold,thebodyofyouremailwillincludealinktothedocument.
Note:recipientshavesevendaystodownloadtheexporteddocumentfromthetimethe
documentiswascreated.
3.3.6 Timeconsistencysettings
Access:
3. SelectTimeconsistencysettings
Thetimeconsistencysettingsallowyoutomodifythecutoffdate(accountclosingdate)you
wishtoconsiderwhendisplayingyearlyvaluesinlists,peerreportsandstatisticalanalyses.
Timeconsistencysettingsdialog
Youmayselectthedayandmonthyouwishtoconsider.
14
Defineyoursettings
3.4 Exportsettings
3.4.1 Managingyourexports
UndertheExportscategoryinOrbissettings,youmay:
Viewandmanageactiveexports
Defineyouexportsettings
Foreachoption,whenyouarefinishedclickontheFinishbutton.
3.4.2 Myexports
Access:
2. HoverovertheExportsmenuiteminthesidemenu
3. SelectMyexports
YoumayexportasubstantialamountofdatafromanymoduleavailableonOrbis.Myexports
allowsyoutoviewtheprogressofthedifferentexportrequestsaswellasdownloadordelete
anyexportfilethathasbeengeneratedwithinthelastsevendays(exporteddocumentsare
automaticallydeletedfromtheBvDserversaftersevendays).
Myexportsdialog
Todownloadanexporteddocument,clickonthenameoftheexport
Todeleteanexport,clickon
Todeleteallexports,click
correspondingtotheexportyouwishtodelete
displayedinthecolumnheader.
3.4.3 Exportsettings
Access:
2. HoverovertheExportsmenuiteminthesidemenu
3. SelectSettings
Theexportsettingsallowyoutochoosetoincludethesearchsummarywhenexporting.
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OrbisUserGuide
3.5 Searchsettings
3.5.1 Managingyoursearchsettings
UndertheSearchescategoryinOrbissettings,youmay:
Viewandmanagepreviouslysavedsearches
Defineyoursearchsettings
3.5.2 Workingwithyoursavedsearches
Access:
GotoOrbis'sHomepage,clickontheSavedsearchestab,or
ClickontheSettingslinkintheproducttoolbar,hoverovertheSearchesmenu
iteminthesidemenuandselectMysearches
UndertheSavedsearchestab/Mysearchdialogarelistedallyourpreviouslysavedsearches.
Fromthisscreenyoumayloadapreviouslysavedsearch,deleteapreviouslysavedsearchor
add/removeasavedsearchtoyourfavourites.
Savedsearches
Yoursavedsearchesarepresentedwiththefollowingcolumnsofinformation:
Namethisisthenameyougavewhensavingthesearch.
Datethisisthedateandtimewhenyousavedyoursearch.
Typetwotypeofsavedsearchesareavailable:SearchstrategyandIdentifiers.
3.5.2.1 Loadasavedsearch
Toloadasearch,clickonthenameofthesavedsearch.Thesearchwillbelaunched
immediatelyandyouwillbedisplayedwiththelistofresults.
Youmayalsoloadasearch(basedidentifiersorsearchstrategy)savedonalocalor
networkeddiskbyclickingontheLoadfromdiskbutton.Thefollowingdialogisdisplayed
allowingyoutospecifythepathandfilenametoloadorbrowseforit:
16
Defineyoursettings
Apreviouslysavedsearchstrategyfilehastheextension.strategy.
ThefileextensionofapreviouslysavedsearchbasedonIDnumberdependsintheID
numberused(e.g.afilesavedwithBvDIDnumbershasthefileextension.bvd).See
uploadingcompaniesbasedonalistIDnumbersformoredetails.
3.5.2.2 Deleteasavedsearch
Todeleteapreviouslysavedsearchclickonthe
youwishtodelete.
TodeleteALLyourpreviouslysavedsearchesclickonthe
columnheader.
iconcorrespondingtothesearch
icondisplayedinthe
3.5.2.3 Add/removeasavedsearchtoyourfavourites
Toaddasavedsearchtoyourfavourites,clickonthe
youwishtoadd.
Toremoveasavedsearchpreviouslyaddedtoyourfavourites,clickonthe
correspondingtothesearchyouwishtoremove.
correspondingtothesearch
3.5.2.4 Sortingthelistofsavedsearches
Bydefault,yoursavedsearchesaresortedbynameinalphabeticalorder(fromAtoZ).The
arrowsdisplayedinthecolumnsheadersindicatehowthelistissorted:
:indicatesthelistissortedaccordingtothatcolumninascendingorder
:indicatesthelistissortedaccordingtothatcolumnindescendingorder
Tosortthelistofsavedsearchesaccordingtoadifferentcolumnorchangethesortorder,
clickonthearrowsinthecorrespondingcolumnheader.
17
OrbisUserGuide
3.5.3 Searchsettings
Access:
2. HoverovertheSearchesmenuiteminthesidemenu
3. SelectSettings
Thesearchsettingsallowyoutodefinethedefaultsettingsyouwishtoapplywhenrunning
searchesonOrbis.
Searchsettingsdialog
3.5.3.1 Maximumnumberofrecordstodisplayperpageincompanysearch
Youmaychoosetodisplay15,25,50or100recordsperpageinthecompanysearch.
3.5.3.2 Typeofaccountstoconsiderbydefaultinsearchesandresults
Theoptionsunderthissectionallowtodefinethedefaulttypeofaccount/statementto
considerwhensearchinganddisplayingresults
3.5.3.3 Excludecompaniesfromfinancialsearches
Theoptionsunderthissectionallowyoutoexcludecompaniesfromfinancialsearches
accordingtotheavailabilityoftheirfinancialdataand/orthetypeofcompany.
3.5.3.4 LoadasearchwhenstartingupOrbis
ThisoptionallowsyoutoloadadefaultsearcheachtimeyoustartanewsessioninOrbis.
Whenyouactivatethisoptionapopupdialogisdisplayedallowingyoutoselectapreviously
savedsearchtoloadbydefault.
18
Defineyoursettings
YoumaymodifythedefaultsearchbyclickingontheModifylink
3.5.3.5 Maximumnumberofvaluesofasearchcriteriondisplayedinthesearch
summarywindow
Usethedropdownboxtochoosethemaximumnumbercriteriaforeachsearchstepyouwish
todisplayinthesearchsummary.Forexample,ifyourunasearchbycompanynameand
select10differentcompaniesinasinglesearchstepandchoosetothevalue5inthisoption,
only5valueswillbedisplayedinthatsearchstepinthesearchsummary.
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OrbisUserGuide
3.6 Listsettings
3.6.1 Managinglistformatsandlistsettings
UndertheListscategoryinOrbissettings,youmay:
Viewandmanagepreviouslysavedlistformats
Defineyourlistssettings
3.6.2 Mylists
Access:
2. HoverovertheListsmenuiteminthesidemenu
3. SelectMylists
TheMylistsdialoglistsallavailablepredefinedandpreviouslysavedlistformats.
Mylistsdialog
Fromthisscreenyoumay:
20
Editalistformat:clickonthenameofthelistformatyouwishtoedittogotothe
listformatscreen
Deleteapreviouslysavedlistformat:clickonthe
formatyouwishtodelete
Deleteallpreviouslysavedlistformats:clickonthe
columnheader
Createanewlistformatfromscratch:clickonthebuttonlabelledNewlist
Loadalistformatfromdisk:clickonthebuttonlabelledLoadfromdisktoloada
listformatfromalocalornetworkeddisk(.listfileextension).
iconcorrespondingtothelist
icondisplayedinthe
Defineyoursettings
3.6.3 Listsettings
Access:
2. HoverovertheListsmenuiteminthesidemenu
3. SelectSettings
Thelistsettingsallowyoutodefinethedefaultsettingsyouwishtoapplywhenviewingthe
listsofresults.
Listsettingsdialog
Thefollowingsettingsareavailable:
Definethemaximumnumberofrecordsyouwishtodisplayperpage:you
maychoose15,25,50,100orAll.
Displaylistedcompaniesinorange:allcompanieslistedonastockexchangewill
bedisplayedinorange
Showfieldcodes:eachfieldthatyoumayincludeinthelistofresultsisassociated
withauniquefield,thisoptionallowsyoutodisplaythiscode.
21
OrbisUserGuide
3.7 Reportsettings
3.7.1 Managingreportformatsandreportsettings
UndertheListscategoryinOrbissettings,youmay:
Viewandmanagepreviouslysavedreportformats
Defineyourreportsettings
3.7.2 Myreports
Access:
2. HoverovertheReportsmenuiteminthesidemenu
3. SelectMyreports
TheMyreportsdialoglistsallavailablepredefinedandpreviouslysavedreportformats.
Myreportsdialog
22
Editareportformat:clickonthenameofthelistformatyouwishtoedittogoto
thereportformatscreen
Deleteapreviouslysavedreportformat:clickonthe
reportformatyouwishtodelete
Deleteallpreviouslysavedreportformats:clickonthe
columnheader
Createanewreportformatfromscratch:clickonthebuttonlabelledNewreport
Loadareportformatfromdisk:clickonthebuttonlabelledLoadfromdiskto
loadareportformatfromalocalornetworkeddisk(.txtfileextension)
iconcorrespondingtothe
icondisplayedinthe
Defineyoursettings
3.7.3 Reportsettings
Access:
2. HoverovertheReportsmenuiteminthesidemenu
3. SelectReportsettings
Thereportsettingsdialogallowyoudefinethedefaultsettingstoapplywhenbuildingand
viewingcompanyreports.
3.7.3.1 Showorhidesectionsforwhichnoinformationisavailable
Thisoptionallowsyoutochoosetonevershowreportsectionsthatdonotcontaininformation
foracompany.Whenyoushowsuchsections,amessageisdisplayedinformingthatno
informationisdisplayed.
3.7.3.2 Financialsectionsoptions
Showaccountinglineswhenvaluesarenotavailableforallselectedcolumns:
Whenthisoptionisactivated,allaccountinglineswillalwaysbedisplayedevenifno
valueisavailabletheanyoftheselectedcolumns.Deactivatethisoptiontohidelines
withnoavailableforanycolumn.
Showaccountinglinecodesbefore/afterthelabel:
Activatethisoptiontoshowthefieldcodeofeachaccountingitembeforeorafterthe
fieldlabel.
3.7.3.3 Company&marketnewssectionoptions
Youmaychoosetoshow20,50,100or200headlinesperpage.
3.7.3.4 Mergers&acquisitiondealssectionoptions
Youmaychoosetoshow20,50,100or200dealsperpage.
3.8 Managingownershipsettings
UndertheOwnershipsettingsyoumaycustomisethedefinitionoftheultimateowner.
3.9 Analysissettings
Access:
2. HoverovertheAnalysismenuiteminthesidemenu
3. SelectSettings
Theanalysissettingsallowyoutochoosetoshoworhideahelpmessagewhendesigningself
designedclassedinthesegmentationanalysis.
23
OrbisUserGuide
3.10Myownpeergroups
Access:
2. HoverovertheOwnPeerGroupsmenuiteminthesidemenu
3. SelectMyownpeergroups
TheMyownpeergroupsdialoglistsalltheownpeergroupsthatyoupreviouslydefinedasa
defaultpeergroupforatleastonecompany.
MyOwnpeergroupdialog
Eachpeergroupisdisplayedwiththefollowinginformation:
Nameofthepeergroup
Descriptionofthepeergroup
Sizeofthepeergroup
Dateoflastchanges
Userwhoappliedthelastchanged
3.10.1View/changethecompaniesassociatedtoapeergroup
1. Clickonthenameofapeergrouptoviewallcompaniescurrentlyassociatedtoit.The
companiesarepresentedinyourcurrentlistformat.
2. Toremoveanassociation,deactivatethecheckboxcorrespondingtothecompany
youwishtoremove.
Notes:
Thelistofcompaniesdisplayedcorrespondstoallthecompaniesforwhichthepeer
groupiscurrentlydefinedasthedefaultpeergroup.Itdoesnotcorrespondtothe
companiescomposingthepeergroup.
Tochangethecompositionofthepeergroup,youmayloadthepreviouslysaved
searchandmodifythecompaniesfromthelistofresultsorthepeerreport.
3.10.2Deleteapeergroup
Todeleteapeergroupclickonthe
todelete.
Todeleteallpeergroups,clickonthe
iconcorrespondingtothepeergroupyouwish
inthecolumnheader.
Note:Whenyoudeleteapeergroup,allcompaniesthatwereassociatedtoitwillbe
associatedtothedefaultpeergroup.
24
Defineyoursettings
3.11Customisedsectionssettings
3.11.1Managingcustomisedsectionssettings
UndertheCustomisedsectionscategoryinOrbissettings,youmay:
Viewandmanagepreviouslysavedcustomisedsections
Defineyourcustomisedsectionssettings
3.11.2Mycustomisedsections
Access:
2. HoverovertheCustomisedsectionsmenuiteminthesidemenu
3. SelectMycustomisedsections
TheMycustomisedsectionsdialoglistsallavailablecustomisedsectionscreatedandsaved.
Mycustomisedsectiondialog
Editacustomisedsection:clickonthenameofthecustomisedsectionyouwishto
edittogototheCreate/modifyacustomisedsectionscreen
Deleteapreviouslysavedcustomisedsection:clickonthe
tothecustomisedsectionyouwishtodelete
Deleteallpreviouslysavedcustomisedsections:clickonthe
thecolumnheader
Createanewcustomisedsectionfromscratch:clickonthebuttonlabelledNew
customisedsection
Loadacustomisedsectionfromdisk:clickonthebuttonlabelledLoadfromdisk
toloadalistformatfromalocalornetworkeddisk(.custofileextension).
iconcorresponding
icondisplayedin
25
OrbisUserGuide
3.11.3Customisedsectionssettings
Access:
2. HoverovertheCustomisedsectionsmenuiteminthesidemenu
3. SelectSettings
Thecustomisedsettingsallowyoutodefinethedefaultsettingsyouwishtoapplywhen
creatingormodifyingacustomisedsections.
Customisedsectionssettingsdialog
Thefollowingsettingsareavailable:
26
Definethetestcompany:clickontheModifylinktoaccessthesearchbycompany
nameandchangethedefaulttestcompany.
Displayahelpmessagewhencreatinganewcustomisedsection:when
activated,ahelpmessageisdisplayedgivinginstructionshowtoaddalinewhen
creatinganewcustomisedsection.
Defineyoursettings
3.12Userdefinedvariablessettings
3.12.1Managinguserdefinedvariablessettings
UndertheCustomisedsectionscategoryinOrbissettings,youmay:
Viewandmanagepreviouslysaveduserdefinedvariables
Defineuserdefinedvariablessettings
3.12.2Myuserdefinedvariable
Access:
2. HoverovertheUserDefinedVariablesmenuiteminthesidemenu
3. SelectMyUserDefinedVariables
TheMyUserDefinedVariablesdialoglistsallavailableuserdefinedvariablespreviously
createdandsaved.
MyUserDefinedVariablesdialog
Editauserdefinedvariable:clickonthenameoftheuserdefinedvariableyou
wishtoedittogotothescreenallowingyoutocreate/modifyauserdefinedvariable.
Deleteapreviouslysaveduserdefinedvariable:clickonthe
correspondingtotheuserdefinedvariableyouwishtodelete
Deleteallpreviouslysaveduserdefinedvariables:clickonthe
inthecolumnheader
Createanewuserdefinedvariablefromscratch:clickonthebuttonlabelled
NewUDV.
icon
icondisplayed
27
OrbisUserGuide
3.12.3Userdefinedvariablesettings
Access:
2. HoverovertheUserDefinedVariablesmenuiteminthesidemenu
3. SelectSettings
TheUserdefinedvariablessettingsallowyoutodefinethedefaultsettingsyouwishtoapply
whencreatingormodifyingaUDV.
Thefollowingsettingisavailable:
Definethetestcompany:clickontheModifylinktoaccessthesearchbycompany
nameandchangethedefaulttestcompany.
3.13Userediteddata
3.13.1Managinguserediteddata
UndertheUserediteddatasectioncategoryinOrbissettings,youmay:
Viewandmanageuserediteddata
Definesettingsassociatedwithuserediteddata
3.13.2Companieswithuserediteddata
Access:
2. HoverovertheUserediteddatamenuiteminthesidemenu
3. SelectCompanieswithediteddata
TheCompanieswithediteddatadialoglistsallcompaniesforwhich"Userediteddata"has
beencreatedandsaved.
Companieswithuserediteddatadialog
Eachcompanyisdisplayedwiththefollowinginformation:
28
Nameofthecompany:namesdisplayedwitha*indicatecompaniesaddedtoOrbis
UniqueIDnumberassociatedtothecompany
Dateoflastchanges
Userwhoappliedthelastchanged
Lastavailableaccounts:
Defineyoursettings
:indicatesthatthelastclosingdataoftheuserediteddataismorerecent
thanthelastclosingdateontheOrbisserver.
:indicatesthatthelastclosingdataoftheuserediteddataisthesameas
thelastclosingdatetheOrbisserver.
:indicatesthatthelastclosingdataoftheOrbisserverismorerecentthan
thelastclosingdateoftheuserediteddata.
3.13.2.1 Updateacompany's data

Tomodify/updateacompany'sdataclickonthenameofcompany.
3.13.2.2 Deletetheuserediteddataassociatedtoacompany
Clickonthe iconcorrespondingtothecompanyforwhichyouwishtodeletethe
userediteddata.
Clickonthe
icondisplayedinthecolumnheadertodeletealluserediteddata.
Notes:
Ifyoudeleteacompanythatyoucreated,youdeletetherecordfromthedatabase
IfyoudeleteacompanyincludedintheOrbisdatabase,youonlydeletetheuser
editeddatathatyouinputted(i.e.thecompanyrecordwillstillexist)
3.13.2.3 Createanewcompany
ClickonthebuttonlabelledNewcompanytocreateanewcompanyinthedatabaseand
inputuserediteddata.
3.13.2.4 Loadmydatafromdisk
Toloaduserediteddatafromalocalornetworkeddisk:
1. ClickonthebuttonlabelledLoadfromdisk
2. SpecifythefullpathandthenameofthefiletobeloadedorclickonBrowsetolocate
it:
3. ClickontheOKbutton.
3.13.2.5 Export/printthelistofuserediteddata
Export:exportthelistofuserediteddata
Print:printoutthelistofuserediteddata
29
OrbisUserGuide
3.13.3Userediteddatasettings
Access:
2. HoverovertheUserediteddatamenuiteminthesidemenu
3. SelectSettings
Theuserediteddatasettingsallowyoutodefinethedefaultsettingsyouwishtoapplywhen
editinguserediteddataandhowtodisplayuserediteddata.
Userediteddatasettingsdialog
Displayuserediteddatainblue:
Activatethisoptiontoalwaysdisplayuserediteddatainblue,helpingtoeasily
identifywhatdatawasedited.
AutomaticallycheckvalidityofaccountswhenclickingonFinishafterediting
data:
Financialaccountsthatmaybeeditedfollowcomplexrules(thesimplestbeingassets
mustequalliabilities).Activatethisoptiontoautomaticallycheckifalldatainputted
respecttheinherentruleswhenyouclickontheFinishbutton.
3.14Userimportedfields
3.14.1.1 Overview
Inadditiontobeingabletoretrievedataitems(fields)fromtheofficialstatementspublished
bycompanies,Orbisallowsyoutoaddnewfieldstothecurrentdatabase.
Typeoffieldsthatyoumayaddtothedatabaseare:
Companyidentifiers:addalternativeidentifiersthantheonesproposedinOrbis,such
asidentifiersthatyouuseinternallyinaclient,prospectorsupplierdatabase
Singledatafield:thisafreetextfieldthatcanforexamplecontainadescriptionofthe
statusofaprospectinthesalesprocess,contactinformation,clientaccountmanager
etc
Numbers:forexamplethenumberofdaysaclientlastreneweditscontract,the
numberofuserslicensedtouseyourproduct,etc
Moneyvalues:forexamplesalesprojection,actualsales,etc
Percentages:forexampletheactualsalesoversalesprojection.
Date:forexampleadateatwhicharecurringeventoccurssuchascontractrenewals.
Segment:allowsyoutoassociateuserdefinedsegmentstocompaniesbyassigninga
commonstringtoseveralcompanies(e.g.suppliersorasalesforceassociatedtoa
groupofcompanies).
IftheOrbisdatabaseiscomposedofNcompanyrecordsandKdatafields,thedatabasewould
likethis:
30
Defineyoursettings
Field1 ... Fieldk ... FieldK
Company1 Value11 ... Value1k ... Value1K
...
... ...
... ...
...
Companyi Valuei1 ... Valueik ... ValueiK
...
... ...
... ...
...
CompanyN ValueN1 ... ValueNk ... ValueNK
Table1:representationoftheunmodifieddatabase
Usingtheimportedfieldsfeature,youmayaddnewfieldstothedatabase:
Field1 ... Fieldk... FieldK MyImported ...
FieldK+1
Company1Value11... Value1k...Value1K
MyValue1(K+1) ...
...
... ...
... ...
...
......
Companyi Valuei1... Valueik... ValueiK
MyValuei(K+1) ...
...
... ...
... ...
...
......
CompanyN ValueN1... ValueNk... ValueNK
MyValueN(K+1) ...
Table2:representationofthedatabasewithimportedfields
MyImported ... MyImported

FieldK+m
FieldK+M
MyValue1(K+m) ...
MyValue1(K+M)
......
...
MyValuei(K+m) ...
MyValuei(K+M)
...
...
MyValueN(K+m) ... MyValueN(K+M)
3.14.1.2 Definition
WecallUserimportedfieldsanyfieldthathasbeencreatedinthedatabasethatexclusively
takesvaluesfromanexternalsource.
3.14.1.3 Workingwithuserimported fields
Toimportnewfieldsandmanageexistingones,gotoSettings>Userimportedfields>My
importedfields.
Alluserimportedfieldsthatyousuccessfullycreatecanbeusedasfollows:
Searchonuserimportedfieldvalues
Displayuserimportedfieldvaluesinthelistofresults
Displayuserimportedfieldvaluesinareport
Insertuserimportedfieldsinacustomisedsection
Insertuserimportedfieldsinauserdefinedvariableformula(eg.formula=mysales
/turnover)
Useuserimportedfieldsinapeerreport
Useuserimportedfieldsinastatisticalanalysis(eg.distributionofmysales)
Riskanalysisofmyclientsorsuppliersportfoliobasedonasegmentationanalysis
(segmentmyclientsorsuppliersbyscoreclassesandusemysalesorpurchasesas
descriptivevariable)
Launchamapanalysistorepresentmysalesorpurchasesonamapandcomparethe
penetrationindices
Downloaduserimportedfieldvaluesusingwebaddinandwebserviceandgenerate
templatesincludingdatafromBvDdatabases.
Notes:
Inadditiontobeingabletocreatenewfieldsandassignvaluestothosefieldstoany
companyinthedatabase,Orbisalsoallowsyoutomodifythevaluesofexistingfields
andaddingnewcompaniestothedatabase.SeeUserediteddataformoredetails.
Userdefinedvariables(UDVs),whilesimilartouserimportedfieldsinthesensethat
theyallowyoutocreatenewfieldsthatyoucanuseinthesamewayasuserimported
31
OrbisUserGuide
fields(seeabove),theyaredifferentinthesensethatthevalueofaUDVistheresult
ofacalculationfromotherfieldsanddoesnotoriginateexclusivelyfromanexternal
datasource.
3.14.2Myimportedfields
Access:
2. HoverovertheUserimportedfieldsmenuiteminthesidemenu
3. SelectMyimportedfields
TheMyimportedfieldsdialoglistsallpreviouslycreatedimportedfieldsallowingyouto
managethemandcreatenewones.Forbackgroundinformationonimportedfields,see
Importedfields.
Myimportedfieldsdialog
3.14.2.1 Importingnewfields
3.14.2.1.1Definethelabelandpropertiesofthefield
1. ClickonthegreylinkNewlabeltorenderthecelleditableandtypeinthelabelofthe
fieldandpresstheEnterkeyonyourkeyboard.
2. Repeatstep1forasmanyfieldsasyouwishtoimport.
3. Oncethelabelisentered,acodeisautomaticallygeneratedandisassociatedtothe
field.Thiscodeisuniquetothefieldandcannotbemodified.Youwillneedtouse
thesecodesintheclientfilecontainingthevaluesofthefield
4. Foreachlabelcreated,definethepropertiesoftheuserimportedfieldbyclickingon
the icon.
Definingthepropertiesallowsyoutoassignthetypeofvalueassociatedtothefield.
SeeUserimportedfieldspropertiesformoreinformation.
3.14.2.1.2Prepareandenterthelocationofthefileofvaluestoimport
1. InoneormoreExcel(.xls)ortabdelimitedtext(.txt)file(s),inputthevaluesofthe
fieldsyouwishtocreateandsaveittoalocalornetworkeddisk.
SeePreparethefilecontainingthevaluesofuserimportedfieldsformoreinformation
ontherulesassociatedtohowtopreparethesefiles.
32
Defineyoursettings
2. Enterthecompletepathandfilenameofthefileyoucreatedandsavedorclickonthe
Browsebuttontolocateitvisually.
Notes:youcanonlyimportonefileatatime.
3.14.2.1.3Importvaluesfromdisk
1. Afterensuringthatthepropertiesofeachfieldmatchthevaluesofthefieldsyouare
goingtoimport,clickontheImportbutton.
2. Theimportinprogressscreenisdisplayedshowingtheprogressofyourimport.
3. Oncecomplete,oneofthefollowingwillhappen
Importsuccessful
Ifsuccessful,thefollowingscreenisdisplayedshowingtheresultsoftheimport:
OnthelefthandsidearedisplayedthecompanyIDsthathavebeen
matchedonthedatabaseandforwhichthevaluesofimportedfieldswere
assignedto.
OntherighthandsidearedisplayedthecompanyIDsthathavenotbeen
foundonthedatabase.
Importfailed
Iftheimportfiledoesnotrespectthevalidityrules,followingscreenisdisplayed
informingyouofthenatureoftheerror:
33
OrbisUserGuide
Closethewindowandeither:
Modifythepropertiesofthefieldencounteringtheissuebyclickingonthe
icon.
Opentheimportfileandmodifythecelldisplayingtheerror.
3.14.2.2 Manageyourimportedfields
3.14.2.2.1Sortingyourimportedfields
Allcolumnswiththe iconcanbesortedinbothascending( )anddescending( )order.By
default,fieldsaresortedbyCodewithanascendingorder.
3.14.2.2.2Deletinguserimported fields
Todeleteanimportedfieldclickonthe
fieldyouwishtodelete.
Todeletealluserimportedfields,clickonthe
iconcorrespondingtotheuserimported
inthecolumnheader.
Note:Whenyoudeleteanimportedfield,allvaluesassociatedtothefieldarealso
deleted.
3.14.2.2.3Define/viewthepropertiesofauserimportedfield
Clickonthe iconcorrespondingtotheuserimportedfieldforwhichyouwishtovieworedit
theproperties.Youmaynoteditthepropertiesoffieldsforwhichyoualreadyhaveimported
data.
3.14.2.2.4Changethelabelassociatedtoauserimportedfield
Clickonthelabelofthefieldyouwhichtochangetorenderiteditable,thentypeinanew
name.
3.14.2.2.5Checkingimportstatusanddataassociatedtolastimport
34
:Indicatesthatnovalueshaveyetbeenimportedforthatfield
:Indicatesthatvalueshavebeenimported.Thenameofthesourcefile,dateand
userwholastimporteditaredisplayed.
Defineyoursettings
3.14.3Userimportedfieldsproperties
Access:FromMyimportedfields,clickonthe
iconassociatedtoauserimportedfield.
Userimportedfieldscanbeoffourdifferenttypes.Makesurethatallpropertiesthatyou
definematchthepropertiesofthefieldsintheexternalfileyouaregoingtoimport.
3.14.3.1 Choosethevaluetype
Thefollowingvaluetypesareavailable:
Value
types
Money
value
Percent
Number
Single
datafield
company
ID
Segment
Date
Explanation
Examples
Fieldsthatrefertonumericalvalues
expressedinamonetaryterms
expressedinpercentage(%)
Fieldsthatrefertoanynumericalvalueswith
noparticularunits
Salesfigures,outstanding
debt
Actualsales/projectedsales,
sales/costofsales
Numberofdaysaclientlast
reneweditscontract,number
ofuserslicensedtouseyour
product
Fieldsthatrefertoanyalphanumericalvalues Clientaccountmanager,e
thatcanonlyhaveonesinglevaluewhichis
mailaddress,rating
notrelatedtothefiscalclosingdates
Fieldsthatreferalphanumericalvalues
InternalIDusedinyourCRM
representingacompanyidentification
numberthatyouuseandnotpresentinOrbis
Fieldsthatrefertoanyalphanumericalvalues Clientspecificmarket
thatcanonlyhaveonesinglevalue,not
segments(e.g.regionsor
relatedtothefiscalclosingdatesandthatare industryspecificgroupings)
liabletobeassignedtogroupsofcompanies
Fieldthatreferstoayear,monthandorday Dateatwhichaclientneeds
torenewhiscontract
3.14.3.2 Choosethevalueproperties
Dependingonthetypeofvalueselectedabove,youmaydefinetheunit,thecurrencyand
numberofdecimalsinwhichthevaluesareexpressed.Forexample,ifyoudefinethefieldas
amoneyvalueitemexpressedinthousandsofEUR,thevalueswillbeimportedinthousands
ofEUR(i.e.thevalue30.125inthefilewillbeimportedas30,125EUR)
Theoption'Myvalueisrelatedtothefiscalyearend'allowsyoutospecifyifthefieldis
linkedtothefiscalyearend.Ifitisthefieldmaybeusedinanalysesandwillconverted
dependingonthedisplayorlayoutoptionsselectedinlists,reportsandanalyses.Forexample
ifyouchoosetodisplayfiguresinmillionsofUSDinyourreportandimportedinThousandsof
EUR,thevalueswillbeconvertedaccordingly.
35
OrbisUserGuide
3.14.4Preparethefilecontainingthevaluesofimportedfields
3.14.4.1 Validfiletypes
Thefilecontainingthevaluesofyourimportedfieldsmustbe:
Excel(.xls,.xlsx)
Tabdelimited(.txt)
Zippedfiles(.zip)
Note:
Ifyouareusingatextfile(.txt),makesurevaluesareseparatedwithtabs.Ifyouuse
anyotherdelimiter,enerrorwillbegenerateandyouwillnotbeabletoimportthe
file.
ZippedfilesmustcontainacompressedtextoranExcelspreadsheet.Ifseveralfiles
arecontainedinthezippedfile,onlythefirstfileencounteredisconsidered.
3.14.4.2 Validfilelayouts(notapplicableforsegments)
Thefollowinginformationmustbepresentinthefile:
Userimportedfieldcode
CompanyIDavailableinOrbis
Year
Userimportedfieldvalue
Youmayoptionallyincludealabelcolumn.Twodifferentlayoutsarepossible.
3.14.4.2.1Standardfilelayout
Foreachcolumnyoumustincludeaheaderthatexactlymatchestheinstructionsbelowin
ordertosuccessfullyimportthefile.Theorderofthecolumnsisnotimportantasinformation
isidentifiedusingthetextinputtedinthecolumnheader,notitsposition.
Notes:
ThefileshouldnothaveaduplicaterecordwiththesamevaluesforUserimported
fieldcode,CompanyIDandYear.Iftherearesuchduplicates,youwillbetryingto
assigndifferentvaluesforthesamefield,forthesamecompanyforthesameyear.
Ifinaspecificcolumnyouhaveconsecutiverepeatingvalues(e.g.5consecutiverows
forthesameyear),youonlyneedtoinputthefirstoccurrenceofthevalueandleave
thecellsunderneathblankuntilthevaluechanges.Theblankcellswillbeimported
usingthefirstvalueidentifiedaboveit(seeexamplebelow).
Columncontainingtheuserimportedfieldcode
Columnlabel:"CODE"
Underthiscolumn,enterthecodegiventotheuserimportedfieldwhenyoucreatedit
(e.g.CF00001).
36
Eachcellunderthiscolumncancontainmaximumonecodei.e.youcannotputin
CF00001CF00002asinglecell.
Youmayinputdifferentcodesindifferentcellsi.e.youmaystoreandimportthe
valuesofmorethanoneimportedfieldinasinglefile.
IfyouinputaninvalidcodeoracodethatdoesnotexistinOrbis,the
correspondingvaluewillnotbeimportedandthefollowingwarningmessageis
displayedwhenimportingthefile:Unknownfieldcode(s).
Defineyoursettings
CompanyIDcolumn
Columnlabel:labeldependsinthetypeofcompanyIDyouuse.
BvDIDnumbers:label="BVDID"
D&Bcompanynumbers:label="DB"
ThecompanyIDcolumnisusedtoidentifythecompanyonOrbisthatyouwishtoassign
thevalueoftheuserimportedfieldto.
YoumayuseanycompanyIDtypesupportedbyOrbis.Ifyouinputaninvalid
companyIDlabelthefollowingwarningmessageisdisplayedwhenimportingthe
file:UnknowncompanyIDtype.
OnecompanyIDnumberpercell.
IfyouspecifyacompanyIDvaluethatdoesnotcorrespondtoacompanyavailable
onOrbis,thevalueassociatedtothatlinewillnotimport.Aftertheimportprocess,
aresultscreendisplaysthecompanyIDsthatcouldnotbematched.
IfthecompanyIDtypeyouwishtouseisnotlistedaboveandareunsureofwhatlabelto
input,pleasecontactyouraccountmanager.
Yearcolumn
Columnlabel:"YEAR"
Theyearcolumnisusedtoidentifytheyeartowhichthevalueoftheuserimportedfield
correspondsto.
Yearsmustbeenteredinabsolute(eg2009)andnotinrelativeterms(N1).
Youmustentermaximumoneyearpercell.
Iftheuserimportedfieldisrelatedtothefiscalyearend(seeUserimportedfields
properties),thentheinformationregardingtheyearismandatoryandtheUser
importedfieldvaluewillnotimportifitisnotentered.IftheUserimportedfieldis
notrelatedtothefiscalyearend,theyearwillbeignoredwhenimportingthefile
andyoumaythereforeleaveitblank.
Userimportedfieldvaluecolumn
Columnlabel:"VALUE"
ThevaluecolumnisusedtocapturethevalueoftheUserimportedfieldsyouwishto
import.Youmustensurethatvaluesyouentermatchthepropertiesassociatedtothem.
Thevaluethatyouspecifymustmatchthetypeoffieldspecifiedintheproperties
oftheUserimportedfield.ForexampleifyouinputtextforaUserimportedfield
thatshouldbeexpressedinmoneyvalue,asanumberorinpercentage,itwillnot
import.
Fornumbers,percentagesormoneyvalues,decimalswillonlybetakeninto
accountifthenumberofdecimalshasbeencorrectlydefined(to1or2)intheUser
importedfieldproperties.
ForUserimportedfieldsthatareexpressedinmoneyvalue,ensurethatthevalue
youassignmatchesunitandcurrencydefinedinthepropertiesofthefield.
Userimportedfieldlabelcolumn
Columnlabel:"LABEL"
Thelabelcolumnisoptionalandcanbeusedtoinputthelabelofthefield.Thelabelmay
ormaynotmatchthelabelassignedintheapplication.
BelowisanexampleofavalidlayoutinExcel:
37
OrbisUserGuide
Thefollowingexampledisregardsrepeatingvaluesandwillimportthesamedataasabove:
3.14.4.2.2Alternativefilelayout
Youmayalternativelyuseadifferentlayoutwheretheimportedfieldcodesareusedinthe
headerofthecolumn.Ifyouusethislayoutyoudonotneedtoincludethe"Code"columnas
above:
Column1needstobethecompanyIDcolumnandfollowsthesamerulesasabove
Eachsubsequentcolumnheadermustbetheimportedfieldcode(e.g.CF00001,
CF00002),and,ifitisfieldrepresentingamoneyvalue,mustbesuffixedwiththe
yearitrefersto(e.g.CF00001_2007,CF00002_2007).
Belowisanexampleofavalidfileusingthisalternativelayout:
38
Defineyoursettings
3.14.4.3 Validfilelayouts(forfieldsoftypesegmentonly)
Thefollowinginformationmustbepresentinthefilewhencreatingauserimportedfieldof
type"segment":
SegmentID
Segmentlabel
Heretoo,twodifferentlayoutsarepossible.
3.14.4.3.1Standardfilelayout
Note:
Columnlabel:"CODE"
(e.g.CF00001).Samerulesasaboveapply.
CompanyIDcolumn
Columnlabel:labeldependsinthetypeofcompanyIDyouuse.seelistofIDcodesabove.
thevalueoftheuserimportedfieldto.Samerulesasaboveapply.
SegmentationIDcolumn
Columnlabel:"SEGID"
ThesegmentationIDcolumnisusedtouniquelyidentifyaspecificsegmentinyouruser
importedfieldanddefinethecompaniesbelongingtoaspecificsegment.
TheIDyouassigntoeachsegmentmaynumbers(1,2,3,etc),letters(A,B,C,etc)ora
combinationofboth(A1,A2,B1,B2,B3,etc).
AsegmentationID:
canbeassociatedtomorethanonecompany
39
OrbisUserGuide
foronesameimportedfield,canonlybeassociatedtoonesegmentationlabel(see
below)
Segmentationlabelcolumn
Columnlabel:"SEGLABEL"
Thesegmentationlabelcolumnisusedtoassociatedalabeltoaspecificsegmentofyour
importedfield.
Segmentlabelisfreetextandshouldindicatewhatthesegmentrefersto.
Foreachimportedfield,theSegmentationlabelandIDassociationmustbeunique:
youcannothaveasegmentassociatedtotwodifferentlabelsoronelabel
associatedtotwodifferentIDs.
3.14.4.3.2Alternativefilelayout
above:
40
CF00002),andsuffixedSEGIDforthesegmentIDcolumnandSEGLABELsegment
labelcolumn.
Defineyoursettings
3.15Ownclassifications
3.15.1Ownclassifications
Ownclassificationsgiveyouthepossibilitytointegrateyourownhierarchicalmarket
segmentationstructuresbasedongeography,industrialactivity,andcompanyIDnumbers
intoOrbis.Oncecreated,youcanusetheseclassificationsinsearches,lists,reportsand
analyses.
YoucanreferenceyoursegmentationstructurestoIDnumbers,industrycodesor
geographicalitems.ThisallowsyoutouseyourownmarketingandsalesstructureonOrbisin
ordertoanalysethemarketyouhavespecifiedinternally.
Seealso:
Myownclassifications
Createanewownclassification
3.15.2Myownclassifications
Access:
2. HoverovertheOwnclassifications menuiteminthesidemenu
3. SelectMyclassifications
TheMyownclassification dialoglistsallpreviouslycreatedownclassificationsallowingyouto
managethemandcreatenewones.Forbackgroundinformationonownclassification,see
Ownclassifications.
Myownclassificationsdialog
Eachownclassificationisdisplayedwiththefollowingcolumnsofinformation:
Name:namegiventotheownclassification
41
OrbisUserGuide
Date:dateatwhichtheownclassificationwascreated
Type:typeofowntabletheownclassificationrefersto(Industry,GeographicorID)
Basedon:classificationonwhichthetableisbased
Youmaysortthelistaccordinganyofcolumnsbyclickingonthecorresponding
columnheader( indicatesascending, indicatesdescending).
inthe
3.15.2.1 Updateanownclassification
Toupdateanownclassificationclickonthenameoftheclassificationyouwishtomodify.
3.15.2.2 Deleteanownclassification
Clickonthe
delete.
iconcorrespondingtotheownclassificationforwhichyouwishto
Clickonthe
icondisplayedinthecolumnheadertodeleteallownclassification.
3.15.2.3 Createanewclassification
ClickonthebuttonlabelledNewownclassificationtocreateanewownclassification
3.15.3Createanewownclassification
Access:
4. ClickonthebuttonlabeledNewownclassification
Thisdialogallowsyoutouploadapreviouslycreatedownclassificationandspecifyanamefor
thetableandeachlevel.
Newownclassificationdialog
42
Defineyoursettings
3.15.3.1 Preparingtheownclassificationtable
Priortouploadingtheownclassification,youmustfirstpreparetheexternalfiletoupload.The
externalfilemaypreparedinExcelorinyourfavoritetexteditor(e.g.Notepad)aslongasitis
tabdelimited.
Threetypesofownclassificationtablesarepossible:
Ownindustryclassifications
Owngeographicclassifications
OwnIDclassifications
Thelayoutofeachtypeofownclassificationisthesame:
Column1:
Thecolumnheaderindicateswhetherthetableisbasedonanindustry,acompanyor
ageographicalparameter.Thevaluesunderthiscolumnmustcorrespondtoavalue
thatexistsonOrbis(e.g.ifyouarebuildinganownindustryclassification,the
classificationmustexistonOrbisandthecodesspecifiedmustexist).
Code
BVD
ISO
NA2
NAI
SUS
Basedon
Classificationtype
BVDID
OwnIDclassification
CountryISOcode Owngeographicclassification
NACERev.2
Ownindustryclassification
NAICS2007
USSIC
Column2:
Thecolumnheadermustbe"REF".Thiscolumndefinesthetablehierarchyandhow
eachsegmentinthefirstcolumnmapstotheownclassification.
Thevaluesunderthiscolumnmustbenumeric,eachdigitreferringtoalevel.Orbis
allowahierarchyofuptoamaximumof10levels.
Column3:
ThecolumnheadermustbeLABEL.Thiscolumndefinesthelabelassociatedtoeach
levelofyourownclassification.
Example:thefollowingtableshowsanownindustryclassificationbasedonUKsiccodes
SUK REF
LABEL
1 Classifications
11 ConsumerProducts
132 111 Tobacco
133 112 Sugarcane&SugarBeets
181 113 OrnamentalFloriculture&NurseryProducts
12 Mining
121 Mining
1011 12101 IronOres
1021 12102 CopperOres
1031 12103 Lead&ZincOres
1041 12104 GoldOres
1044 12105 SilverOres
1061 12106 FerroalloyOres,ExceptVanadium
1081 12107 MetalMiningServices
1094 12108 UraniumRadiumVanadiumOres
1099 12109 MiscellaneousMetalOres,nec
1221 12110 BituminousCoal&LigniteSurfaceMining
1222 12111 BituminousCoalUndergroundMining
43
OrbisUserGuide
1231 12112 AnthraciteMining
1241 12113 CoalMiningServices
13 Energy&Utils
131 Energy&Utils
1311 13101 CrudePetroleum&NaturalGas
1321 13102 NaturalGasLiquids
1381 13103 DrillingOil&GasWells
1382 13104 Oil&GasFieldExplorationServices
1389 13105 Oil&GasFieldServices,nec
14 Technology
141 Technology
3661 14101 Telephone&TelegraphApparatus
3663 14102 Radio&TelevisionBroadcastingand
3669 14103 CommunicationsEquipment,nec
3671 14104 ElectronTubes
3672 14105 PrintedCircuitBoards
3674 14106 Semiconductors&RelatedDevices
3675 14107 ElectronicCapacitors
3676 14108 ElectronicResistors
3677 14109 ElectronicCoils,Transformers,&Other
3678 14110 ElectronicConnectors
3679 14111 ElectronicComponents,nec
3.15.3.2 Uploadingtheownclassification
Afterhavingcreatedandsavedyourownclassificationtable:
1. ClickontheBrowsebuttontolocateandselectthepreviouslycreatedfile.
2. ClickontheorangeLoadbuttontouploadthefile.
3. Giveanametoyourownclassificationtableandtoeachofitshierarchicallevels
4. ClickontheOKbuttontoconfirmandcreatetheownclassificationtable
44
4 Search
4.1 Quicksearch
Accessing:theQuicksearchisaccessiblefromanyscreenyouareworkingfrominthe
producttoolbar.
ThequicksearchallowsyoutosearchOrbisinoneeasystepaccordingtoaselectionof
criteria.
1. Clickon
toexpandtheavailablesearchcriteria
2. Selectoneoftheavailablesearchcriteria.
3. Typeinoneormorewordsintheprovidedtextbox:
Thesearchismatchedonthebeginningofwords(e.g.sunfindssuntan,
Sunday,etc.)
YoumayusetheBooleanoperatorsAND,OR,ANDNOTbetweenthedifferent
chainsofcharactersyouenter.Thedefaultoperatorusedwhenyouincludea
spacebetweentwochainsofcharactersisAND.Ifyouincludeacomma
betweentwochainsofcharacters,itisconsideredasanOR.Toincludethe
operatorANDNOT,youneedtotypeitin.
Toretrievecompaniesmatchingexactlythetextyouenter,putthetextin
betweenquotationmarks.
4. Clickon
criteria.
toactivatethesearchandviewthelistofcompaniescomplyingwiththe
Notes:
FormoresearchoptionsusetheGroupedviewortheAlphabeticallist ofsearch
criteria.
Ifyoupreviouslyranorloadedasearch,youloseyourprevioussearchresults.
45
OrbisUserGuide
4.2 Workingwiththegroupedviewofsearchcriteria
Accessing:gotoOrbis'sHomepage,clickontheSearchtabandthenclickontheGrouped
viewsubtab
Thegroupedviewofsearchcriteriaorganisesthedifferentavailablesearchcriteriabylogical
categoryforeasyaccess.
Groupedviewofsearchcriteria
1. Toaccessasearchscreenandspecifyasearchstep,either:
Iftherearenosubcriteria,clickonthesearchcriterion.
Ifyouseea displayed,hoverovertheoptiontoexpandtothecategoryand
clickonthecriterion.
2. Afteryoucompleteasearchstep,youreturntothehomepageandyoursearchstep
isdisplayedinthesearchstrategytoolbox
3. Whenyoureturntothehomepage,youmay:
46
Addanothersearchstepfromthegroupedvieworthealphabeticallist
ViewyourlistofsearchresultsbyclickingonthebuttonViewlistofresults
fromthesearchstrategytoolbarorthemenuitemGotolistofresultsfrom
thesearchsidemenu.
SaveyoursearchbyclickingontheSavebuttonfromthesearchstrategy
toolbox.
Runsomeanalysesontheselectedcompaniesfromthesearchsidemenu.
Search
4.3 Workingwiththealphabeticallistofsearchcriteria
Accessing:gotoOrbis'sHomepage,clickontheSearchtabandthenclickonthe
Alphabeticallistsubtab
Thealphabeticallisttabpresentsalltheavailablesearchcriteriainanalphabeticallist.
Alphabeticallistofcriteria
1. Scrolldownthelistorusetheshortcutsdisplayedabovethelisttofindthesearch
criterionbywhichyouwishtosearch.
2. Clickonthesearchcriteriontoaccessthesearchscreenandspecifyyoursearchstep.
isdisplayedinthesearchstrategytoolbox.
4. Fromthereon,youmay:
thesearchsidemenu.
toolbox.
Runsomeanalysesontheselectedcompaniesfromthesearchsidemenu.
47
OrbisUserGuide
4.4 Workingwithyoursavedsearches
Access:
GotoOrbis'sHomepage,clickontheSavedsearchestab,or
ClickontheSettingslinkintheproducttoolbar,hoverovertheSearchesmenu
iteminthesidemenuandselectMysearches
Savedsearches
4.4.1 Loadasavedsearch
Youmayalsoloadasearch(basedidentifiersorsearchstrategy)savedonalocalor
networkeddiskbyclickingontheLoadfromdiskbutton.Thefollowingdialogisdisplayed
allowingyoutospecifythepathandfilenametoloadorbrowseforit:
48
Apreviouslysavedsearchstrategyfilehastheextension.strategy.
ThefileextensionofapreviouslysavedsearchbasedonIDnumberdependsintheID
numberused(e.g.afilesavedwithBvDIDnumbershasthefileextension.bvd).See
uploadingcompaniesbasedonalistIDnumbersformoredetails.
Search
4.4.2 Deleteasavedsearch
youwishtodelete.
columnheader.
icondisplayedinthe
4.4.3 Add/removeasavedsearchtoyourfavourites
youwishtoadd.
4.4.4 Sortingthelistofsavedsearches
4.5 Workingwithyourfavouritesearches
Accessing:gotoOrbis'sHomepage,clickontheFavouritestab
Underthefavouritestabarelistedallthesavedsearchesthatyouaddedasafavourite.You
mayloadasearch,createdirectoriesinordertoorganiseyourfavouritesaswellasremovea
favouritesearchordirectory.
Favourites
4.5.1 Loadingasearch
Toloadasearchthatyouaddedinyourfavourites,simplyclickonthenameofyoursearch.
Youwillbedisplayedwiththelistofresults.
4.5.2 Organisingyourfavourites
Organisingyourfavouritesiseasyandintuitive.Youmaycreatedirectorieswithcustomlabels
andplaceyourfavouritesinthembydragginganddroppingthemonthedirectory.Youmay
alsosimplyreorderyourfavouritesbydragginganddroppinginthepositionyouwish.
Tocreateanewdirectory:
1. ClickonthebuttonlabelledNewdirectory.Thescreenrefresheswithanewly
createddirectory.
49
OrbisUserGuide
2. Intheeditbox,typeinthelabelyouwishtogivetothisdirectoryandpressEnteron
yourkeyboard.
Atanytimeyoumayrenameadirectorybyclickingonthelabelandrenderingiteditable.
4.5.3 Removingafavouritesearchordirectory
Toremoveafavouritesearch,clickonthe
iconcorrespondingtothefavourite
searchyouwishtoremove.Notethatremovingafavouritesearchdoesnotdeletethe
searchfromyoursavedsearches.Youmayreincludethesearchinyourfavourites
fromyourlistofsavedsearches.
Toremoveadirectory,
1. Clickonthe
iconcorrespondingtothedirectoryyouwishtodelete.
2. Adialogpopsupaskingyouifyouwouldliketoremovethedirectoryandall
favouritesearchesincludedinthedirectoryorjustthedirectory
3. Clickontheradiobuttoncorrespondingtotheoptionyouwishtoselectand
clickontheOKbutton.
Youmayalsoremovethefulllistoffavouritesandalldirectoriesinoneoperationbyclicking
onthebuttonlabelledRemoveallfavouritesfromthelist.
50
Search
4.6 Workingwithyoursearchhistory
Accessing:gotoOrbis'sHomepage,clickontheHistorytab
Underthehistorytabarelistedallthesearchesyouranregardlessofwhetheryousavedthem
ornot,organisedbytimeperiodsoyoucaneasilyfindandaccessthemaccordingtowhether
youranthesearchtoday,yesterday,twodaysago,etc.Youmayloadanunsavedsearchby
clickingonitfromthisscreen.
Searchhistory
Youmaysaveasearchbyclickingonthe
tosave.
Youmaydeleteaniteminyourhistorybyclickingonthe iconcorrespondingtothe
itemyouwishtodelete.Todeleteyourfullsearchhistoryclickinthebuttonlabelled
Deleteallhistory.
iconcorrespondingtotheitemyouwish
51
5 Managingyoursearch
5.1 Searchstrategytoolbox
Accessing:Afterspecifyingatleastonesearchcriteriaorloadingasearch,thesearch
strategytoolboxisaccessiblefromtheHomepageortheList.
Thenumberdisplayednexttoeachsearchstepcorrespondstothenumberof
companiesthesearchstephasselected(alsoknownas"stepresult")
Thetotalnumberofcompaniesselectedisdisplayedunderneath(intheexample
above,thisnumberis10).Thetotalnumberofcompaniesselectedresultsfromthe
combinationofallsearchstep.ThisnumberdependsontheBooleanexpression
specifiedintheBooleansearcheditbox.
5.1.1 Workingwithsearchsteps
Tomodifyasearchstep,clickonthesearchstepyouwishtomodify.Thesearch
screenisdisplayedallowingyoutomodifythesearchstepcriteria.
Toignoreasearchstep,withoutactuallydeletingthestepfromyoursearchstrategy,
deactivatethecheckboxcorrespondingtothesearchstepyouwishtoignore.Once
youdeactivateasearchstepisgreyedoutandtheBooleanexpressionisautomatically
amended.
Note:youmayignoreasearchstepbydeletingthesearchstepfromtheBoolean
searcheditboxandclickingontheRefreshbutton.
Todeleteasearchstep,clickonthe
delete.
correspondingtothesearchstepyouwishto
5.1.2 Searchstrategytoolbar
Theicons/linkdisplayedinthetoolbararedefinedbelow:
Icon/Link:
Action
Save
Saveyoursearch
Clearallsteps Deleteallsearchstepscurrentlyspecified
Note:fromthelist,thesearchstrategytoolbarcontainsanextraitemlabelled'Adda
searchstep'allowingtoreturntothehomepagetoaddasearchstep.
52
Managingyoursearch
5.2 Saveasearch
Accessing:fromsearchstrategyorListtoolbarclickontheSaveicon
Saveasearchscreen
5.2.1 Procedure
1. Orbisofferstwooptionstosaveasearch:
Savethesearchstrategy(defaultoption):ifyouselectthisoptionyouarenot
savingtheactualcompaniesselectedbyyoursearchstrategy,butthedifferent
searchstepsthatyouspecifiedandtheBooleanexpressionusedtocombine
them.Whenyouselectthisoption,eachtimeyouloadthissearch,thenumber
ofcompaniesmaychangeasthedatabaseisupdated.
SavethecompaniesID:ifyouselectthisoptionyouaresavingthelistof
identificationnumbersthatuniquelyidentifyeachcompanycurrentlyincludedin
yourlistofresults.Thismeansthatwhenyouloadthissearch,thesame
companieswillalwaysbeincludedinyoursearchresults.Notethatifyoumarked
companiesinyourlistofresults,onlythosewillbesaved.
2. Giveanametoyoursearchintheprovidedtextbox(orkeepthedefaultone).
3. Clickononeofthetwofollowingicons:
Icon
Function
Savethesearchtotheapplicationserver.Thenameofthesavedsearchwill
belistedunderyousavedsearches.Ifasearchwiththatnamealreadyexists,
awarningmessageaskingyouifyouwouldliketoreplaceitorsavethereport
underanewnameisdisplayed.
Savethesearchtoalocalornetworkdrive.
5.2.2 Otherfunctions
5.2.2.1 Loadordeleteapreviouslysavedsearch
Ifyouhavepreviouslysavedasearchtotheapplicationserver,yourpreviouslysaved
searchesaredisplayedatthetopifthescreen:
Clickonthenameofasearchtoloadit
Clickonthe
icontodeletethesearch.
53
OrbisUserGuide
5.2.2.2 Addsearchfiletoalertsystem
ActivatetheoptionIncludethisfileinyouralertsbeforeclickingonthesaveicontoadd
thefiletoyouralerts.
5.3 BooleanSearching
Accessing:booleansearchingispossibleifyouspecifyatleasttwosearchstepsfromthe
SearchStrategytoolbaravailablefromtheHomepageortheList.
Booleansearchingisanintuitivewaytocombinesearchstepswhensearchingbymorethan
onecriterion.
Orbisallowsyoutoconductanynumberofsearchsteps,oneaftertheotherusingdifferent
criteria.Aseachsearchstepisperformeditislinkedtotheprecedingsearchstepswitheither:
The"AND"operator(mostofthesearchcriteria):
Thismeansthatcompaniesselectedinthecurrentsearchsteparecomparedwith
thoseintheprecedingonesandonlycompanyrecordssatisfyingallstepsare
selected.
Example:1And2And3And4
The"FROM"operator:
(ifyoudoasearchby"Top",availableinsearchesbasedonfinancialsandnumberof
employees)
Thismeansthatthecurrentsearchstepis"takenfrom"thecompanysetresulting
fromyourprevioussearchsteps.Thissearchstepwillalwaysbepositionedbeforeall
othersandparenthesesareautomaticallyinputted.
Example:4From(1And2And3)
Youmaymodifyhowthedifferentsearchstepsarecombinedtooneanotheraswellas
excludeoneormoreofthemfromthesearchstrategy,byappendingtheBooleanexpression
fromtheprovidededitbox.Youmaychangetheorderofexecutionofthedifferentstepsas
wellasmodifytheBooleanoperators(FROM,AND,ANDNOT,OR).Youmayalsoinclude
parenthesisinordertospecifywhichpartoftheBooleanexpressionneedstobeexecuted
first.
ThepriorityorderofexecutionofaBooleanexpressionisasfollows:
1. Expressionincludedinparenthesis
2. From
3. AND/ANDNOT
4. OR
Tip:Whenyouhavemorethantwosearchstepsandusemorethanonedifferenttypeof
Booleanoperators,itishighlyrecommendedtouseparenthesisinordertoinsurethatthe
companiesselectedbytheBooleanexpressionspecifiedareindeedtheonesyouintendedto
select.
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Managingyoursearch
5.4 Booleanoperators
TheeasiestwaytoexplaintheconceptofBooleanoperatorsistouseVenndiagrams.Venn
diagramsusedherearemeanttorepresentaninformationspaceinOrbis'sdatabase.Acircle
withawordinitrepresentsthesubsetofentitiesthatcomplytothecriteriayouentered
duringasearchstep.Whentwosubsetsareshowninasinglediagram,theoverlapofthe
circlerepresentsentitiesthatcomplytobothcriteria.
ThediagramaboveshowstheinformationspaceofentitiescomplyingwithcriteriaAand
entitiescomplyingwithcriteriaBofonesamesearchstrategy.CriteriaAisthefirstsearch
stepandcriteriaBisthesecondsearchstep.
Someentities,thepurpleregion,onlycomplywithcriteriaAwhilesomeentities,thegreen
region,onlycomplywithcriteriaB.Thesectionofthetwocirclesthatoverlap,theblue
section,representsalltheentitiesinthedatabasecomplyingwithbothcriteria.
EachsearchstepisassociatedwithanotherstepusingaBooleanoperator.Youmayuseany
ofthefourfollowingoperators:
And:thismeansthatyouwantonlytheentitiesthatcomplywithbothcriteria
simultaneously
Or:thismeansthatyouwantallentitiesthatcomplywitheitherofthecriteriano
matterwhichoneitis.
AndNot:thismeansyouwantonlythoseentitiesthatcomplywithasearchstepbut
notthosethatcomplywiththeother.
From:thisisaspecialoperatorthemustbeusedwhenyoudoasearchby"Top"
availableinsearchesbasedonfinancialsandnumberofemployees.Itmeansyouare
takingthetopNentitiesfromtheresultingentitiesofyourprevioussearchsteps.
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OrbisUserGuide
GoingbacktoourVenndiagrams,ifyouwanttoretrieveentitiesbelongingtotheyellowarea
ineachdiagrambelow,youwouldusethefollowingbooleanexpression:
Diagram
Booleanexpression
EntitiescomplyingwithcriteriaA
EntitiescomplyingwithcriteriaB
1And2
EntitiescomplyingwithbothcriteriaAandBatthesametime
56
Managingyoursearch
1OR2
EntitiescomplyingwitheithercriteriaAorB
1ANDNOT2
EntitiescomplyingwithcriteriaAbutnotB
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OrbisUserGuide
5.5 Booleansearchpriority
UsingparenthesistomakesureOrbisknowsexactlywhatyoumeanisofutmostimportanceif
youhaveasearchstrategycomposedofmorethetwostepsandwishtobuildaboolean
expressioncomposedofdifferentbooleanoperators.ItallowsyoutoinstructOrbiswhichpart
ofthesearchtoexecutefirst.Itemswithinparenthesis(.)arealwaysexecutedFIRST.
Moregenerallythepriorityorderofexecutionofabooleanexpressionisasfollows:
1. Expressionincludedinparenthesis
2. FROM
3. AND/ANDNOT
4. OR
5.5.1 Genericexample
Let'ssupposethatyouspecifiedthefollowingsearchstepsinthefollowingorder:
Searchcategory
1
2
3
4
Geographiclocation
Industry
Ownershipdata
Numberofemployees
Searchsubcategory Selectioncriteria Stepresult

Region
Tradedescription
BvDindependenceind.
RegionA
Construction
A+,A,A
Top50
13.256
28.352
22.335
50
5.5.1.1 Defaultbooleanexpression
Thedefaultbooleanexpressionwilllooklikethis:4From(1And2And3)
Interpretation:youwantthetop50companiesintermsoftheirnumberofemployeesofall
companieslocatedinRegionA,thathavetheword"Construction"intheirtradedescription
andthatarequalifiedasindependent.
Ifthenumberofcompaniesresultingfrom(1And2And3)isabove50thetotal
numberofcompaniesresultingfromthissearchstrategyis50.
Ifthenumberofcompaniesresultingfrom(1And2And3)islowerthan50thetotal
numberofcompaniesresultingfromthissearchstrategyisthetotalnumberof
companiesresultingfrom(1And2And3).
5.5.1.2 Modifiedbooleanexpressions
1. 1And4from2or3:
Thisexpressionwillbeexecutedasfollows:
(i)=4from2:top50companiesintermsoftheirnumberofemployeesthat
havethewordtrade"construction"intheirtradedescription.
(ii)=1And(i):companiesresultingfrom(i)thatarelocatedinregionA.
(iii)=(ii)or3:eithercompaniesresultingfrom(ii)orcompaniesthatare
independent.
Interpretation:youwantcompaniesthatareeitherqualifiedasindependentorthe
top50companiesintermsoftheirnumberofemployeesthathavethewordtrade
"construction"intheirtradedescriptionlocatedinRegionA.
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Managingyoursearch
2. 1And4From(2Or3):
(i)=2Or3:allcompaniesthateitherhavethewordtrade"construction"intheir
tradedescriptionorallcompaniesqualifiedasindependent.
(ii)=4From(i):top50companiesintermsoftheirnumberofemployeesofthe
companiesresultingfrom(i)
(iii)=1And(ii):companieslocatedinregionAresultingfrom(ii).
Interpretation:youwantthetop50companiesintermsoftheirnumberofemployees
ofallcompaniesthateitherhavethewordtrade"construction"intheirtrade
descriptionorallcompaniesqualifiedasindependent,locatedinRegionA.
3. 3And2or4from1:
(i)=4from1:top50companiesintermsoftheirnumberofemployeesthatare
locatedinregionA
(ii)=3And2:companiesqualifiedasindependentthathavethewordtrade
"construction"intheirtradedescription
(iii)=(i)Or(ii):eithercompaniesresultingfrom(i)orcompaniesresultingfrom
(ii)
Interpretation:youeitherwantcompaniesqualifiedasindependentthathavethe
wordtrade"construction"intheirtradedescriptionorthetop50companiesinterms
oftheirnumberofemployeesthatarelocatedinregionA.
4. 1And4from(2AndNot3):
(i)=2AndNot3: companiesthathavethewordtrade"construction"intheir
tradedescriptionbutarenotqualifiedasindependent.
(ii)=4And(i): top50companiesintermsoftheirnumberofemployeesofthe
companiesresultingfrom(i).
(iii)=1And(ii):companieslocatedinRegionAandresultingfrom(ii).
Interpretation:youwantthetop50companiesintermsoftheirnumberof
employeesthathavethewordtrade"construction"intheirtradedescriptionbutare
notqualifiedasindependentandthatlocatedinRegionA.
Asyoucanseefromtheexamplesabove,theorderofexecutionofthedifferentsearchsteps
dramaticallyimpactstheinterpretationofyoursearch.Itisthereforehighlyrecommendedto
usetoomanyparenthesesthannotenoughwhenbuildingabooleanexpressioncomposedof
differentbooleanoperators.NotethatIfanexpressioniscomposedofonlyANDsorORs,
parenthesisarenotneeded.
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6 Viewingsearchresults
6.1 Listofresults
Accessing:
Executeaquicksearch,or
Executeasearchstepfromthegroupedvieworalphabeticallistofcriteriaandclickon
ViewlistofresultsorGotolistofresults,or
Loadasearchfromyoursavedsearches,favouritesorsearchhistoryandclickon
ViewlistofresultsorGotolistofresults.
6.1.1 Overview
Thelistmoduleiscomposedoffourmainelements:
Thelistofcompaniesselectedbyyoursearch
Thelisttoolbar
Thelistsidemenu
Listofresultsscreen
6.1.2 Workingwithalistofcompanies
Thelistofresultsdisplaysallthecompaniesthatcomplywiththecriteriayouspecifiedinthe
searchmoduleinalistformat.
Eachlinecontainsthenameofthecompanyalongwithanumberofcolumnscontainingthe
valueofavariable.Ifthisisthefirsttimeyouaccessalistofresultsorhavenotspecified
otherwiseyouarepresentedwiththeStandardlist.SeeListformatsformoreinformationon
howtochangethelistformat.
Toaccessacompanyreport,clickonthenameofthecompanyyouwishtoview.
Totheleftofeachcompanyname,aredisplayed:
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Viewingsearchresults
Theoccurrenceofthecompanyaccordingtohowthelistissorted.Theoccurrence
numberisusedtospecifythecompanyorcompaniesyouwouldliketoconsiderwhen
exporting,printingetc.
Acheckboxallowingtomarkthecompany.
6.1.2.1 Workingwiththecolumnsofalist
Youmayworkonthecolumnsdisplayeddirectlyfromthelist:
Youmaychangetheorderofthecolumnsbyclickingonacolumnheaderand
draggingittothedesiredposition
Resizethewidthofacolumnbyclickingonacolumnborderanddraggingittothe
desiredwidth
Deleteacolumnbyclickingonthe
Youmaysortthelistofcompaniesaccordingtoanyvariablewhereyousee inthe
columnheader.Thelistissortedaccordingtothecolumndisplayedwithindarker
grey( indicatesascending, indicatesdescending).
Tochangethecolumnsthataredisplayedinthelist,gototheListformatspageby
clickingontheAddlinkor iconintheheaderofthelastcolumn.
iconinthecorrespondingcolumnheader
6.1.3 Listtoolbar
Thelisttoolbar,displayedatthetopofthelistofresults,includesanumberoficonsand
controlssummarizedhereunder:
Icon/
Action
Control:
Note: Create,modifyordeleteanotetooneormorecompanies.
PG: Associateadefaultpeergrouptothecompaniesincluded/selectedinthe
listofresults.
Columns: Addorremovecolumnsfromthelist.
Alertme: Setupscheduledemailalertsforallorsomeofthecompaniesincludedin
thelist.
Export: Exporttheinformationasdisplayedinthelistorthereportofall
companies,allmarked/unmarkedcompaniesorrangeofcompaniestoan
externalfile(Excel,PDF,Word,etc).
Send: Exportandsendbyemailtheinformationasdisplayedinthelistorthe
reportofallcompanies,allmarked/unmarkedcompaniesorrangeof
companiestoanexternalfile(Excel,PDF,Word,etc).
Print: Printouttheinformationasdisplayedinthelistorthereportofall
companies,allmarked/unmarkedcompaniesorrangeofcompanies.
: Jumptofirstpage.
: Gotopreviouspage.
1ofxx Enterapagenumberinthetextboxandhitthereturnkeyonyour
pages: keyboardtojumptothatpage.
: Gotonextpage.
: Jumptolastpage.
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OrbisUserGuide
6.1.4 Listsidemenu
Thelistsidemenucontainsavarietyoflinksandmenusallowingyoutogobacktothesearch
module,trashandcreateanewsearchaswellasrunaseriesofanalysesonthecurrently
selectedcompanies.
Listsidemenu
button.
Option: Action:
Backtosearch: Returntothehomepage
Trashyourcurrentsearchandstartanewsearchfromthehome
Newsearch:
page
Modifycurrent Returntothehomepagetoaddsearchstepsormodifyacurrent
search: searchstep
Createanewlistformatfromscratchorloadapredefinedor
Listformat:
previouslysavedlistformat
Segmentation: Runasegmentationanalysisonthecurrentlyselectedcompanies
Peeranalysis: Runapeeranalysisonthecurrentlyselectedcompanies
Aggregation: Runanaggregationanalysisonthecurrentlyselectedcompanies
Concentration
Runaconcentrationanalysisonthecurrentlyselectedcompanies
analysis:
Statistical Runastatisticaldistributionanalysisonthecurrentlyselected
distribution: companies
Runalinearregressionanalysisonthecurrentlyselected
Linearregression:
companies
62
6.2 Searchstrategytoolbox
Accessing:Afterspecifyingatleastonesearchcriteriaorloadingasearch,thesearch
strategytoolboxisaccessiblefromtheHomepageortheList.
Thenumberdisplayednexttoeachsearchstepcorrespondstothenumberof
companiesthesearchstephasselected(alsoknownas"stepresult")
Thetotalnumberofcompaniesselectedisdisplayedunderneath(intheexample
above,thisnumberis10).Thetotalnumberofcompaniesselectedresultsfromthe
combinationofallsearchstep.ThisnumberdependsontheBooleanexpression
specifiedintheBooleansearcheditbox.
6.2.1 Workingwithsearchsteps
Tomodifyasearchstep,clickonthesearchstepyouwishtomodify.Thesearch
screenisdisplayedallowingyoutomodifythesearchstepcriteria.
Toignoreasearchstep,withoutactuallydeletingthestepfromyoursearchstrategy,
deactivatethecheckboxcorrespondingtothesearchstepyouwishtoignore.Once
youdeactivateasearchstepisgreyedoutandtheBooleanexpressionisautomatically
amended.
Note:youmayignoreasearchstepbydeletingthesearchstepfromtheBoolean
searcheditboxandclickingontheRefreshbutton.
Todeleteasearchstep,clickonthe
delete.
correspondingtothesearchstepyouwishto
6.2.2 Searchstrategytoolbar
Theicons/linkdisplayedinthetoolbararedefinedbelow:
Icon/Link:
Action
Save
Saveyoursearch
Clearallsteps Deleteallsearchstepscurrentlyspecified
Note:fromthelist,thesearchstrategytoolbarcontainsanextraitemlabelled'Adda
searchstep'allowingtoreturntothehomepagetoaddasearchstep.
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OrbisUserGuide
6.3 Definethedefaultpeergroup
Accessing:fromthelistofresultsorthecompanyreport,clickonthePGiconavailableinthe
toolbar.
Thefollowingdialogallowsyoutodefine/modifythedefaultpeergroupassociatedto :
companiesincludedinyourlistofresultsifaccessedfromthelistofresults(notethat
ifyoumarkedoneormorecompaniesinthelist,theassociationwillonlyapplythose
).
asubjectcompanyifaccessedfromacompanyreport
Twomainoptionareavailable:
Standardpeergroup:thisisthepeergroupthatOrbisassociatestothecompanyby
defaultandisdefinedbyindustrycodeandsize.
Ownpeergroup:
Dynamic:
Selectthisoptiontodefineallcompaniescomplyingtoyourcurrentsearch
strategyasthedefaultpeergroup.Thesearchstrategywillbesavedwiththe
namegivenintheeditboxandwillbeavailablefromyoursavedsearches.It
issaidtobedynamicsincethecompaniescomposingthepeergroupmayvary
asthedatabaseisupdatedorifyoumodifythesearchstrategy.
Static:
Selectthisoptiontodefineallcompaniesincludedinthelistofresultsasthe
defaultpeergroup.Thelistofcompanyidentifierswillbesavedwiththename
givenintheeditboxandalsoavailablefromyoursavedsearches.Itissaidto
bestaticsincethecompaniescomposingthepeergroupdoesnotchange.
Savedsearch:
Selectthisoptiontoassociatethegroupofcompaniesincludedinapreviously
savedsearchasthedefaultpeergroup.Thesavedsearchmaybedynamicor
staticdependingonifitisasearchstrategyoracompanyset.
Notes:
WhenselectingtheoptionDynamicorStatic,thesubjectcompanywillalwaysbe
includedintheownpeergroup.
Youmayassociateupto500companiestoapeergroupatonetime.Shouldyouhave
morethan500companiesinthelistofresultsthatyouwanttodefineasdefaultpeer
64
groupamongoneanother,youmustfirstsaveyourresultsandthenassociate,by
batchesof500,thecompaniestothesavedsearch.
ShouldyoudeletetheOwnpeergroupthatyouassociatedtothecompanyor
companies,thedefaultpeergroupwillrevertbacktothestandardpeergroup.
Formoreinformationaboutpeergroups,seethePeerGroupstopic.
6.4 Markingcompaniesfromthelistofresults
Inthelistofresults,acheckboxisdisplayednexttoeachcompanyallowingyoutomarkit.
Markingcompaniesisaveryusefulfeatureasitallowsyoutoindicatewhichcompaniesyou
whichto:
Save
Export(ornotexport)
Send(ornotsend)
Print(ornotprint)
Delete(orkeep)
Includeinyouranalyses.
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OrbisUserGuide
6.5 Listformats
Access:
Fromthelistofresultssidemenu,expandtheListformat menuitemandselect
Newformat,or
ClickonColumns fromthelisttoolbar,or
ClickontheAddlinkdisplayedinthelastcolumnofyourlist,or
FromMylistsclickonthenameofapreviouslysavedlistformatortheNewlist
button.
6.5.1.1 Overview
TheCustomisethelistdialogallowsyouto:
Createanewlistformat
Modifyalistformat
Savealistformat
Loadapreviouslysavedorpredefinedlistformat
Deleteapreviouslysavedlistformat
Definethedefaultlistformat
Formatthelistdialog
Note:ifyouselectedtheoptionAdd/removesection,thecolumnscurrentlyselected
fordisplayinthelistarelistedunder'Yourselection'.
66
6.5.1.2 Createanewlistformat
Intheleftpanearelistedallthevariablesthatyoumayaddthecolumnsofyourlist.These
variablesareorganisedbycategory.
1. Addingvariables:
Toaddasinglevariable:
a.
Clickonthecategoryinwhichthevariableisincludedtoexpandit.
b. Clickonthevariablenameorcorrespondingcheckboxtoaddittothe
listformat.ThevariableisthendisplayedunderYourselection.
Toaddagroupofvariables:
a.
Activatethecheckboxcorrespondingtothecategoryyouwishtoadd.
b. Allthevariablescontainedinthatcategoryarethendisplayedunder
Yourselection.
Ifyoucannoteasilyfindavariableinthetreelikestructure,usethesearchfeature
toeasilyfindandselectvariables:
a. Typeinoneormorechainsofcharactersintheprovidededitboxand
clickontheSearchbutton
b. Thevariablesthathaveawordintheirlabelstartingwiththeentered
textaredisplayed(e.g.subsnamewillfindSubsidiaryName)
c.
Activatethecheckboxcorrespondingtothevariablesyouwishtoadd.
2. Afterhavingaddedallthedesiredvariables,youmay:
Removeapreviouslyselectedvariablebydeactivatingthecheckboxcorresponding
tothatsectioninYourselection.
Changetheorderofthecolumnsinwhichthevariableswillappearinthelistby
clickingonavariable'snameunderYourselectionanddraggingittothedesired
position.
3. ClickontheOKbuttontoviewthelistofresults.
Note:Bydefaultlistformatswillnotbesavedmeaningthatwhenyoustartanewsession
ofOrbisyourmodificationswillbelost.SeeSavealistformatbelow.
6.5.1.3 Modifyalistformat
Tomodifyapreviouslysavedlistformatorapredefinedlist,clickontheicon
tothelistyouwishtomodify.
corresponding
Followtheinstructionsabovetoadd/removesectionsorreorderthem.
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OrbisUserGuide
6.5.1.4 Savealistformat
1. TypeinthenameyouwouldliketogivetothelistformatfromtheGiveanametext
box.Notethatyoucannotspecifythesameasapredefinedlist(e.g.Standardlist).
2. Clickononeofthefollowingicons:
Icon
Function
Savethelistformattotheapplicationserver.Thenameofthesavedlistwillbe
listedunderyousavedlists.Ifalistwiththatnamealreadyexists,awarning
messageaskingyouifyouwouldliketoreplaceitorsavethelistunderanew
nameisindicated.
Savethelistformattoalocalornetworkdrive(.listextensionfile).
6.5.1.5 Loadapreviouslysavedorpredefinedlist
Toloadalistpreviouslysavedontheapplicationserverorapredefinedlistclickonthe
listformatyouwishtoloadfromtheleftsideofthescreen.
ToloadalistsavedonalocalornetworkeddiskclickonthelinkLoadfromdisk.The
followingdialogisdisplayedallowingyoutospecifythepathandfilenametoloador
browseforit:
Afterhavingsuccessfullyloadedalist,youaredisplayedwiththelistofresults.
6.5.1.6 Deleteapreviouslysavedlistformat
Todeletealistformatthatyoupreviouslysavedontheapplicationserver,clickonthe
corresponding icon.
6.5.1.7 Definethedefaultlistformat
Thedefaultlististhelistusedbydefaultwhenviewingtheresultsofasearchateachnew
sessionofOrbis.UnlessyouspecifyotherwiseitistheStandardlistthatisconsideredasthe
defaultlist.
Youmaychangethisdefaultbehaviorbyactivatingthecheckboxcorrespondingtothelist
format(predefinedorpreviouslysaved)thatyouwishtousebydefault.Bydoingthis,itwill
bethelistthatyoumarkedthatwillalwaysbeusedbydefaultwhenviewingalistofresultsat
eachnewsession.
Note:thelistthatisdisplayedbydefaultinanopensessionisthelastlistformatthatwas
displayed(alsoknownasthecurrentlist).
68
7 Companyreports
Access:toaccessacompanyreport,clickonacompanynamefromthelistofresultsafter
havingspecifiedsomesearchcriteriaorloadedasearch.
7.1 Overview
Thereportmoduleiscomposedofthreemainelements:
Thecompanyreportiscomposedofreportsections
Thereporttoolbar
Thereportlateralmenu
companyreportexample
7.2 Report sections

Acompanyreportisacollectionofindependentinformationsectionsincorporatingawide
rangeofdetaileddataandinformationonasubjectcompany.Areportsectionmayinclude
tabulardataorchartsillustratingtabulardata.
Thefirstsectionofanyreportisasectioncontainingsignatureinformationonthecompany.
Thissectioniscalledthe"header"andincludesavarietyofcorecompanyinformation.This
sectionisspecialasitcannotberemoved.
Reportsectionsincludedinareport,andhowtheyappear,isentirelyuptoyou.Youmay
displayasinglepredefinedreportsectionorcreateanewreportformatbyselectingany
numberofsectionsyouwishtoincludeinthereport(aswellasdecidetheorderinwhichyou
wouldlikethemtoappear).Suchreportformatsmaybesavedandloadedforfuturereuse.
Manyoftheavailablepredefinedsections(suchasownershipsections,sectionsproviding
financialdata,charts,etc.)allowfurtherdisplayorlayoutoptions.Theoptionsavailable
intrinsicallydependonthesection.Theyincludeforexamplethepossibilitytodefinethe
columns(years)ofdatayouwishtodisplay,theunitsandcurrencyinwhichyouwishto
expressfinancialdata,andmuchmore.
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OrbisUserGuide
Furthermore,youmaycreateyouowncustomisedsection.Customisedsectionsallowyouto
incorporatedataandinformationavailablefromoneormorepredefinedsectionsinonesingle
section.Youmaycreateyourownlabelsfortheseitemsaswellascreatenewitemsbasedon
aformula.Thesecustomisedsectionsmaybesavedforfuturereuse.
Lastly,Orbisoffersyouthepossibilitytoeditthedatacontainedinseveralreportsections
(suchastheheader,financialstatementsanddirectors)aswellasaddcompaniestothe
database.SuchdataiscalledOwndata.
7.2.1 Reportsectiontoolbar
Atthetoprightofeachsectionthefollowingiconsareavailable:
Icon
Action
Notes
Collapsethesectiontohidethecontentsofthe
section.
Afterthesectioniscollapsed,
youmayexpanditbyclicking
on .
Open/maximisethesectioninanewbrowser
window.Fromthisnewwindow,youmaythen
export,sendorprintthesectionindividually.
Doubleclickingwithinthe
headingofasectionalsoopens
thesectioninanewwindow.
Removethesectionfromreport.
Inadditiontotheicons,manysectionsalsoincludethelinkOptionsorLayout,allowingyou
toeditthedisplayoptionsofthesection.
7.3 Reporttoolbar
Thereporttoolbar,displayedatthetopofeachreport,includesbuttonsandlinksallowingyou
tonavigatefromonecompanyreporttoanother,export,etc.
Icon/Link: Action
PG:
Locate:
Edit:
Sections:
Alertme:
Associateadefaultpeergrouptothesubjectcompanies
Locatethecompanyonamap(notavailableonallproducts).
Editinformationanddataforthecompanycurrentlydisplayed.
Formatthereport
Setanalertonthecompany
Export: Exportoneormorecompanyreports
Send: Exportandsendoneormorecompanyreportstoaselectionof
recipientsbyemail
Print: Printoutthereportofoneormorecompanies
: Displaythereportofthefirstcompany(accordingtohowthelistis
sorted)
Previous: Displaythepreviouscompanyreport(accordingtohowthelistis
sorted)
1ofxx EntertheoccurrencenumberofthecompanyandhittheEnterkey
companies: onyourkeyboardtojumptothatcompanyreport
Next
Viewnextcompanyreport(accordingtohowthelistissorted)
: Displaythereportofthefirstcompany(accordingtohowthelistis
sorted)
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Companyreports
7.4 Reportlateralmenu
Totheleftorrightofthereportisdisplayedthefollowingmenu:
7.4.1 Backtothelistofresults
Usethislinktoreturntothelistofresults.
7.4.2 Search
UsethemenuitemstoeitherstartaNewsearch(youwillloseyourcurrentsearchresults)
orModifycurrentsearch.
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OrbisUserGuide
7.4.3 Definetheformat
Areportformatisdefinedbyacollectionofreportsectionsselectedforthereport(andthe
sequenceinwhichtheyappear).
HoverovertheReportformatmenuitemtoexpandthefollowingmenuofoptions:
Create/modifyaformat:
Theitemsunderthisheadingallowyoutocreateanewreportformat(Newformat)
ormodifythecurrentreportformat(Add/removesections)
Displayapredefinedformat:
Clickononeofthepredefinedreportformatstodisplayit.
Displayasavedformat:
Clickononeofyourpreviouslysavedformattodisplayit.Notethatthiscategoryis
emptyifyouhavenotpreviouslysavedareportformat.
7.4.4 Displayaspecificsection
Theoptionsunderthissectionofthelateralmenuallowyouto:
Displayaspecificreportsection:
Clickonthesectionyouwouldliketodisplay
Itemswitha>expandintoreportsections(i.e.theyarenotsectionsbut
categories).
Createanewcustomisedsectionorloadapreviouslysavedcustomisedsection.
7.4.5 Download
Theoptionsunderthissectionallowyoutodownloaddigitalscanneddocumentsassociatedto
thecompanycurrentlydisplayed.
Note:ThislateralmenumaybehiddenbyclickingonHide.
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Companyreports
7.5 Definethedefaultpeergroup
Accessing:fromthelistofresultsorthecompanyreport,clickonthePGiconavailableinthe
toolbar.
Thefollowingdialogallowsyoutodefine/modifythedefaultpeergroupassociatedto :
companiesincludedinyourlistofresultsifaccessedfromthelistofresults(notethat
ifyoumarkedoneormorecompaniesinthelist,theassociationwillonlyapplythose
).
asubjectcompanyifaccessedfromacompanyreport
Twomainoptionareavailable:
Standardpeergroup:thisisthepeergroupthatOrbisassociatestothecompanyby
defaultandisdefinedbyindustrycodeandsize.
Ownpeergroup:
Dynamic:
Selectthisoptiontodefineallcompaniescomplyingtoyourcurrentsearch
strategyasthedefaultpeergroup.Thesearchstrategywillbesavedwiththe
namegivenintheeditboxandwillbeavailablefromyoursavedsearches.It
issaidtobedynamicsincethecompaniescomposingthepeergroupmayvary
asthedatabaseisupdatedorifyoumodifythesearchstrategy.
Static:
Selectthisoptiontodefineallcompaniesincludedinthelistofresultsasthe
defaultpeergroup.Thelistofcompanyidentifierswillbesavedwiththename
givenintheeditboxandalsoavailablefromyoursavedsearches.Itissaidto
bestaticsincethecompaniescomposingthepeergroupdoesnotchange.
Savedsearch:
Selectthisoptiontoassociatethegroupofcompaniesincludedinapreviously
savedsearchasthedefaultpeergroup.Thesavedsearchmaybedynamicor
staticdependingonifitisasearchstrategyoracompanyset.
Notes:
WhenselectingtheoptionDynamicorStatic,thesubjectcompanywillalwaysbe
includedintheownpeergroup.
Youmayassociateupto500companiestoapeergroupatonetime.Shouldyouhave
morethan500companiesinthelistofresultsthatyouwanttodefineasdefaultpeer
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OrbisUserGuide
groupamongoneanother,youmustfirstsaveyourresultsandthenassociate,by
batchesof500,thecompaniestothesavedsearch.
ShouldyoudeletetheOwnpeergroupthatyouassociatedtothecompanyor
companies,thedefaultpeergroupwillrevertbacktothestandardpeergroup.
Formoreinformationaboutpeergroups,seethePeerGroupstopic.
7.6 Reportformats
7.6.1 Reportformats
Access:
Fromthecompanyreportlateralmenu,expandtheReportformat menuitemand
selectNewreportorAdd/removesection,or
ClickonAdd/removesectionsfromthereporttoolbar.
7.6.1.1 Overview
TheReportformatdialogallowsyouto:
Createanewreportformat
Modifyareportformat
Saveareportformat
Loadapreviouslysavedorpredefinedreportformat
Deleteapreviouslysavedreportformat
Definethedefaultreport
Formatthereportdialog
Note:ifyouselectedtheoptionAdd/removesection,thereportsectionscurrently
selectedfordisplayinthereportarelistedunder'Yourselection'
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7.6.1.2 Createanewreportformat
Intheleftpanearelistedallthereportsectionsthatyoumayaddthereportformat.These
sectionsareorganisedbycategory.
1. Addingsections:
Toaddasinglesection:
a.
Clickonthecategoryinwhichthesectionisincludedtoexpandit.
b. Clickonthesectiontoaddtothereport.Thereportsectionisthen
displayedunderYourselection.
Toaddagroupofsections:
a.
Clickontheicon
correspondingtothecategoryyouwishtoadd.
b. Allthesectionscontainedinthatcategoryarethendisplayedunder
Yourselection.
2. Afterhavingaddedallthedesiredsections,youmay:
Removeapreviouslyselectedsectionbydeactivatingthecheckboxcorresponding
Changetheorderinwhichthesectionswillappearinthereportbyclickingona
section'snameunderYourselectionanddraggingittothedesiredposition.
3. Manysectionsofferavarietyofdisplayoptions.ClickonthelinkDisplayoptions
correspondingtothesectionyouwishtoedit.
4. ClickontheOKbuttontoviewthereport.
Note:Bydefaultreportformatswillnotbesavedmeaningthatwhenyoustartanew
sessionofOrbisyourmodificationswillbelost.SeeSaveareportformatbelow.
7.6.1.3 Modifyareportformat
Tomodifyapreviouslysavedreportformatorpredefinedreport,clickontheicon
correspondingtothereportyouwishtomodify.
7.6.1.4 Saveareportformat
1. TypeinthenameyouwouldliketogivetothereportformatfromtheGiveanametext
box.Notethatyoucannotspecifythesameasapredefinedreport(e.g.Standard
report).
Icon
Function
Savethereportformattotheapplicationserver.Thenameofthesavedreport
willbelistedunderyoursavedreports.Ifareportwiththatnamealreadyexists,
Savethereportformattoalocalornetworkdrive(.txtextensionfile).
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7.6.1.5 Loadapreviouslysavedorpredefinedreport
Toloadareportpreviouslysavedontheapplicationserverorapredefinedreportclick
onthereportyouwishtoloadfromtheleftsideofthescreen.
ToloadareportsavedonalocalornetworkeddiskclickonthelinkLoadfromdisk.
Thefollowingdialogisdisplayedallowingyoutospecifythepathandfilenametoloador
browseforit:
Afterhavingsuccessfullyloadedareport,youaredisplayedwiththereport.
7.6.1.6 Deleteapreviouslysavedreportformat
Todeleteacustomisedreportthatyoupreviouslysavedontheapplicationserver,clickonthe
corresponding icon.
7.6.1.7 Definethedefaultreport
Thedefaultreportisthereportusedbydefaultwhenviewingacompanyreportateachnew
sessionofOrbis.UnlessyouspecifyotherwiseitistheStandardreportthatisconsideredas
thedefaultreport.
Youmaychangethisdefaultbehaviorbyactivatingthecheckboxcorrespondingtothereport
bethereportthatyoumarkedthatwillalwaysbeusedbydefaultwhenviewingacompany
reportateachnewsession.
Note:thereportthatisdisplayedbydefaultinanopensessionisthelastreportthatwas
displayed(alsoknownasthecurrentreport).
7.6.2 Predefinedreports
ApredefinedreportisapredefinedcollectionofindividualreportsectionsdeliveredwithOrbis.
Althoughyoumayeditthesepredefinedreports,youcannotoverridethem.Thismeansthat
youaftereditingapredefinedreportyoumaynotsaveitusingthesamenameasthe
predefinedreport.Eachtimeyouloadapredefinedreport,thesamesectionsinthesame
orderareselected.
7.6.2.1 Standardreport
Thestandardreportisthefactorydefaultreporti.e.unlessotherwisespecified,itisthereport
thatisusedbydefaultwhendisplayingreportateachnewsessionofOrbis.
Itincludesthefollowingsectionsinthefollowingorder:
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Contactdetails
Status&accountinformation
Activities/industry
Keyfinancials&employees
Companyreports
Evolutionofakeyvariable
Globalformat
Ratios
Currentdirectors
Auditors&advisors
Controllingshareholders
Currentsubsidiaries
7.6.2.2 Summary
Contactdetails
Status&accountinformation
Keyfinancials&employees
7.6.2.3 Ownership
CorporateGroupbylevel
Controllingshareholders
Currentshareholders
Currentsubsidiaries
Ownershipstructure
7.6.2.4 Comparisonreport
Table
Barchart
Piechart
Distributionchart
Indiceschart
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7.7 Reportsectiondisplayoptions
Access:
Fromthereportsection'stoolbarwhenviewingacompanyreport,clickonthe
OptionsorLayoutlink.
Fromthereportformatdialog,clickontheDisplayoptionsorLayoutlink
Anumberofreportsectionsofferavarietyofdisplayoptionsorlayoutoptions.
Theseoptionscanbeclassifiedin5broadcategories:
Layoutoptionsfortabulardatasection
Displayoptionsforstockdatasections
Displayoptionsforownershipsections
DisplayoptionsforelementsofaPeerreport
Displayoptionsforcharts
7.7.1 Layoutoptionsfortabulardata
7.7.1.1 Overview
Thelayoutoptionsforsectionsdisplayingtabulardataallowyoutodefinethecolumnsofdata
todisplayinthesectionaswellasthesequenceinwhichyouwouldlikethemtobedisplayed.
Bydefault,aselectionofcolumnsarealreadyselected.Youmayremovethembydeactivating
thecorrespondingcheckboxunder'Yourselection'.
7.7.1.2 Addingcolumns
Toaddcolumns,followthesesteps:
1. ChooseifyouwouldliketodisplayvaluesfortheSubjectcompany,Medianofthe
peergrouporAverageofthePeergroupusingthetabs.
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2. Choosehowyouwouldliketoexpressthevalueofthefinancialitems(currency,unit,
etc)
Moneyvaluesinreferencecurrency:
Selectthisoptionifyouwishtoexpressfiguresinacurrencyofyourchoice:
a. Selectthereferencecurrency(bydefault,thedefaultcurrencyisselected).
b. Selecttheunitsinwhichyouwishtoexpressthevalues(notethatdefault
unitsaretheunitsinwhichtheaccountshavebeenpublished).
c. Selecttheexchangerateyouwishtoapplyfortheconversionfromthe
originalcurrencybyselectingoneofthefollowingoption:
Exchangerateat'each'closingdate:displaythedataby
convertingthemonetaryvaluesusingtheexchangerateprevailing
atthedateofeachreport(i.e.differentexchangerateswillbe
appliedtodifferentyears).
Exchangerateat'last'closingdate:displaythedataby
convertingthemonetaryvaluesforeachyearsusingtheofficial
exchangerateprevailingattheendofthelastpublishedreport
(e.g.ifthelastpublishedreportisMarch2007,itistheexchange
rateprevailinginMarch2007thatisappliedtoallavailableyears).
Moneyvaluesinoriginalcurrency:
Selectthisoptiontoexpressvaluesinmonetaryvaluesinthecurrencyinwhichthe
accountswereoriginallypublished.Thenselecttheunitsyouwishtousefromthe
Unitsdropdownlist.
Relativesizes:
Selectthisoptiontoexpressfinancialvariablesasapercentageofthetotalofthe
balancesheetorincomestatement(dependingwherethevariableisincluded).
Variationindefaultcurrency:
Selectthisoptiontoexpressdatainpercentageofvariationinrespecttothevalue,
expressedinoriginalcurrency,ofthevalueofafinancialitemtheyearbefore.
Variationinreferencecurrency:
Selectthisoptiontoexpressdatainpercentageofvariationinrespecttothevalue,
expressedinareferencecurrency,ofafinancialtheyearbefore.
a. Selectthereferencecurrency.
b. Selecttheexchangerateyouwishtoapplyfortheconversionfromthe
originalcurrencybyselectingoneofthefollowingoption:
Current:displaythedatabyconvertingthemonetaryvaluesusing
theexchangerateprevailingatthedateofeachreport(i.e.
differentexchangerateswillbeappliedtodifferentyears).
Lastreporteddate:displaythedatabyconvertingthemonetary
valuesforeachyearsusingtheofficialexchangerateprevailingat
theendofthelastpublishedreport(e.g.ifthelastpublishedreport
isMarch2007,itistheexchangerateprevailinginMarch2007that
isappliedtoallavailableyears).
3. Activatethecheckbox(es)correspondingtotheyear(s)(relativeorabsolute)you
wouldliketoadd.
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4. Afterhavingaddedthedesiredcolumnsyoumaychangethesequenceinwhichthey
willbedisplayedbydragginganddroppingtheminthedesiredpositionfrom'Your
selection'.
7.7.1.3 Modifythecolumns
Tomodifypreviouslysavedcolumnsorpredefinedcolumns,clickontheicon
tothecolumnsyouwishtomodify.
corresponding
Followtheinstructionsabovetoadd/removecolumnsorreorderthem.
7.7.1.4 Saveyourcolumns
a. TypeinthenameyouwouldliketogivefromtheGiveanametextbox.Notethat
youcannotspecifythesameasapredefinedcolumns(e.g.Standardcolumns).
b. Clickononeofthefollowingicons:
Icon
Function
Savethecolumnstotheapplicationserver.Thenameofthesavedcolumnswill
belistedunderyousavedcolumns.Ifcolumnswiththatnamealreadyexists,a
warningmessageaskingyouifyouwouldliketoreplaceitorsavethecolumns
underanewname.
Savethecolumnstoalocalornetworkdrive(.txtextensionfile).
7.7.1.5 Loadcolumns(previouslysavedorpredefined)
Toloadcolumnspreviouslysavedontheapplicationserverorapredefinedsetof
columnsclickonthecolumnsyouwishtoloadfromtheleftsideofthescreen.
ToloadasetofcolumnssavedonalocalornetworkeddiskclickonthelinkLoad
fromdisk.Thefollowingdialogisdisplayedallowingyoutospecifythepathandfile
nametoloadorbrowseforit:
7.7.1.6 Deletepreviouslysavedcolumns
Todeletecolumnsthatyoupreviouslysavedontheapplicationserver,clickonthe
corresponding icon.
7.7.1.7 Definethedefaultcolumns
Thedefaultcolumnsarethesetofcolumnsusedbydefaultwhenviewingareportsectionat
eachnewsessionofOrbis.UnlessyouspecifyotherwiseitistheStandardcolumnsthatis
consideredasthedefaultcolumns.
Youmaychangethisdefaultbehaviourbyactivatingthecheckboxcorrespondingtothe
predefinedcolumnsorpreviouslysavedcolumnsthatyouwishtousebydefault.Bydoing
this,itwillbethecolumnsthatyoumarkedthatwillalwaysbeusedbydefaultwhenviewing
thereportsectionateachnewsession.
Note:thecolumnsthataredisplayedbydefaultinanopensession,arethelastcolumns
thatweredisplayed.
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7.7.2 Displayoptionsforoptionsforstockdatasections
Thedisplayoptionsforstockdatasections(onlyavailableforquotedcompanies)allowto
specifythenumberofcolumnsyouwishtoincludeinthespecificstockdatasection.
Thefollowingstockdatasectionsallowdisplayoptions:
Annualstockdata
Annualstockdatavaluation
Monthlypricingseries
Dailypricingseries
7.7.3 Displayoptionsforownershipsections
Thedisplayoptionsforthedifferentownershipsectionsofthereportallowanumberof
optionssuchas:
definingthevariablestobeincludedinthesection,
applyingfiltersinordertoexcludeshareholders/subsidiariesverifyingspecificcriteria,
defininglayoutoptionsspecifictothesection
definingwhetherornottoincludeM&AnewsonGlobalUltimateOwners.
7.7.4 Displayoptionsforgraphs
Structureofthebalancesheet:Allowsyoutomodifytheyear.
StructureoftheP&Laccount:Allowsyoutomodifytheyear.
Evolutionofakeyvariable:Allowsyoutochoosethevariabletobeplottedonthe
graph.
Evolutioninindicesofseveralvariables:
Allowsyoutoselectuptofivevariablesandselectthebaseyear.
Ownershipstructure:
Allowsyouto:
Choosethefieldstodisplayineachbox
Thesizeofeachbox
Thenumberofcompaniesperlevelstodisplayaboveandbelowthesubject
company
Thenumberofleveltodisplayinitially.
EvolutionoftheStockMarketPrices:Choosetodisplaymonthendmarketpricesora
high/low/closerepresentationateachdate.
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7.7.5 ElementsofaPeerreport
Apeerreportisabenchmarkingtoolenablingyoutocompareasubjectcompanytoapeer
group.Bydefault,thepeerreportdisplaysthefigurescorrespondingtothedefaultpeergroup
associatedtothecompany.
Itisimportanttodistinguishapeerreportfromapeeranalysisastheyservetwodifferent
purposes.Thepeerreportcomparesasubjectcompanytoapredefinedpeergroupwhereasa
peeranalysiscompareseachcompanyagainsteachother.Moreover,eachelementofapeer
reportisconsideredasasectionofacompanyreportwhereasapeeranalysisisindependent
ofanycompanyreport.
Thedifferentpeerreportelementsmaybecustomisedasfollows.
7.7.5.1 DisplayoptionsforthePeerreporttable
Therearesixcategoriesofdisplayoptionsforthetable,eachrepresentedbyatab.Youmay
navigatefromonecategorytoanotherusingthetabs.Bydefaultyoupresentedwiththe
Generaltab.
General
Thegeneraldisplayoptionsallowyoutomodifythetable'snameandselectthe
statisticalparametersyouwishtodisplayinthetable.
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Name:
Thecurrentnameofthetableisdisplayedinthistextbox.Youmaymodifyitby
typinginanewname.
Selecttheitemsyouwanttodisplay:
Bydefaultthemedian,standarddeviationandaveragearealldisplayedatthe
topofthetable.Activate/deactivatethecheckbox(es)correspondingtothe
Companyreports
parameter(s)youwishtodisplay/removefromthetable.
Eachparametermaybedisplayedatthetoporthebottomofthetable.
Selecttheparameteryouwanttodisplayaftereachvalue:
Thisoptionallowsyouselectthefiguretodisplaynexttoeachvalueinthetable.
Youmayselectthetodisplaytherank,quartile,decileornothing.
Variables
Underthistabyoumaymodifythevariablesincludedinthetable.
UnderYourpossibilities,arelistedallthefinancialitemsyoumayselectforthe
displayinthetable.
Thetreelikestructurelistsallthevariablesthatmaybedisplayedinthetable.
Toaddoneormorevariables,either:
Usethetreelikestructureandclickonthefinancialitemsyouwishtoselect.
Usethesearchfeaturebytypinginakeywordintheprovidedfield,clickingon
theSearchbuttonandselectingtheitemfromthelistofitemsmatchingthe
charactersentered.
TheselecteditemsaredisplayedunderYourselection.Thevariableswillappearinthe
tableinthesameorderasdisplayedhere.Youmaychangethisorderbydragging&
droppingthemtothedesiredposition.
Toremoveavariablefromthetable,simplydeactivatethecheckboxcorrespondingto
thevariableyouwishtoremove.
Years
Undertheyeartabyoumayadd/removeyearsdisplayedinthetable.
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Layout
Theoptionsavailableunderthistaballowyoutochoosehowyouwouldliketopresent
thedatainthetable.Becausethetabledisplaysinformationaccordingtothree
dimensions(variable,time,company)andatableisessentiallytwodimensional,the
dataneedstobegroupedaccordingtooneofthedimensions.
Threedifferentlayoutsareavailable:
Onetableperyear:
Thisoptiongroupsthevaluesbyyear:thetableissubdividedinsubtables
eachcorrespondingtoadifferentyear.
Itisrecommendedtoselectthislayoutifyouhaveselectedalimitedamounted
ofyearsandincludedlargeamountofcompaniesorvariablesintheanalysis.
Onetablepervariable:
Thisoptiongroupsthevaluesbyvariablethetableissubdividedinsubtables
eachcorrespondingtoadifferentvariable.
Itisrecommendedtoselectthislayoutifyouhaveselectedalimitedamount
variablesforthetableandincludedalargeamountofcompaniesoryearsinthe
analysis.
Onetablepercompany:
Thisoptiongroupsthevaluesbycompany:thetableissubdividedinsubtables
eachcorrespondingtoadifferentcompany.
Itisrecommendedtoselectthislayoutifalimitedamountcompaniesare
includedintheanalysisandhaveincludedalargeamountofvariablesoryears
inthetable.
Foreachoftheselayoutsyoumayinvertthelinesandcolumnsbyclickingonthelink
invertthelinesandcolumnscorrespondingtothelayoutyouwishtoselect.
Currency
Underthecurrencytabyoumaymodifythecurrencyandunitinwhichfinancialitems
areexpressed.
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Anychangeunderthistabapplytoallelementsincludedinyourreport.
Group
Theoptionsunderthistaballowyoutodefinethegroupofcompaniestowhichthe
subjectcompanyiscomparedtointhepeerreport(i.e.definethePeergroup).
1. Selectthepeergroup:
Ownpeergroup,ifnotstandardpeergroup:
Thisisthedefaultoptionandwillselectthestandardpeergroupunless
youassociatedanownpeergrouptothesubjectcompany.SeeDefine
thedefaultpeergroupformoreinformationonhowtoassociateOwn
peergroups.
Standardpeergroup:
SelectthisoptiontousetheStandardpeergroupasacomparison
group.
Listofresults:
Choosethisoptiontousethecompaniesincludedinyourlistofresults
asthegroupofcomparison.
Savedsearch:
Choosethisoptionandselectapreviouslysavedsearchtocomparethe
subjectcompanytoapreviouslysavedsearchfile.
2. Refineyourselection:
Youmayfurtherrefinethecomparisongroupbyselectingtheclosestottop"N"
companiesaccordingtoaproximityvariableforaspecificyear.
Notes:
Productscoveringmorethanonecountryhavethechoicebetweenan
internationalornationalpeergroup.
Thepeergroupcannotbecomposedofmorethan2500companiesfordisplay
inthepeerreport.
Companies
Thistabisonlyaccessibleiftherearelessthan2500 companiesincludedthepeer
groupselectedforthepeerreport.Underthistabarelistedallthecompaniescomposing
thepeergroupselectedaccordingtheparametersdefinedunderthetabGroup.
Youmayexcludeorreincludecompaniesfromthepeergroupbydeactivating/activating
thecorrespondingcheckbox(es).
YoumayalsoassavethelistofselectedcompaniesbyclickingthelinkSavethe
companylist.
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Anychangeunderthistabapplytoallelementsincludedinyourpeerreport.
Whenyoufinishedcustomisingthedisplayoftheelement,clickontheOKbuttontoconfirm
yourselection.
Note:modifyingtheoptionsunderacategoryrepresentedbyatabwithadarkblue
background,willapplytoallthepeerreportelementsincludedinyourreport.
7.7.5.2 Displayoptionsforabarchart(peerreport)
Therearefivecategoriesofdisplayoptionsforthiselement.
Youmaynavigatefromonecategorytoanotherusingthetabs.Bydefaultyoupresentedwith
theGeneraltab.
General
Thegeneraldisplayoptionsallowyoutomodifythebarchart'snameandchoosethe
statisticalparametersyouwishtodisplayinthechart.
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Variable
Underthistabyoumaymodifythevariableselectedfordisplayinthechart.
Youmayselectanyvariabledisplayedfromtheavailablelistusethesearchfeatureto
quicklyfindandselectavariable.
Note:Youmaymodifythevariabledirectlyfromthebarchartinyourreport.
Year
Undertheyeartabyoumaychangetheyeardisplayedinthebarchart.
Youmayselectanyyeardisplayed.
Notes:youmaymodifytheyeardirectlyfromthebarchartinyourreport.
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Currency
areexpressed.
Group
88
peergroups.
Standardpeergroup:
group.
Listofresults:
Savedsearch:
Choosethisoptionandselectapreviouslysavedsearchtocompare
thesubjectcompanytoapreviouslysavedsearchfile.
Companyreports
Youmayfurtherrefinethecomparisongroupbyselectingtheclosestottop
"N"companiesaccordingtoaproximityvariableforaspecificyear.
Notes:
inthepeerreport.
Companies
groupselectedforthepeerreport.Underthistabarelistedallthecompanies
composingthepeergroupselectedaccordingtheparametersdefinedunderthetab
Group.
Youmayexcludeorreincludecompaniesfromthepeergroupby
deactivating/activatingthecorrespondingcheckbox(es).
companylist.
yourselection.
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7.7.5.3 Displayoptionsforapiechart(peerreport)
Therearesixcategoriesofdisplayoptionsforthiselement.
theGeneraltab.
General
Thegeneraldisplayoptionsallowyoutomodifythepiechart'sname,choosehowyou
wouldlikethepiecharttobedisplayedaswellasselectwhetheryouwouldliketo
displaypositiveornegativevaluesonly.
90
Name:
Usetheeditboxtochangethenameofthepiechart.
Angle:
Rotatethepiechartaroundtheaxispassingthroughitscenterand
perpendiculartothesurfaceinaclockwisefashion.Thefirstslicestartsatthe
anglesetusingthecombobox.At0thefirstslice'sleftborderstartsatthe
topofthepiechart.Movethefirstslicetotherightbyincreasingthevalues
(0to180).Decreasetothevalues(from0to180)tomovethefirstslice
totheleft.
Tilt:
Rotatethepiechartalongitshorizontalaxis,i.e.thepiechartwillrotate
vertically.At0thepiechartisflat.At70thepiechartisslantedtoits
maximum.
Companyreports
Numberofslices:
Thisoptionallowsyoutoselectthemaximumnumberofslices(companies)
thatthepiechartmaycontain.Increasethenumberofslicestoaddmore
companiestothechart.
Positive/Negativevalues:
Somevariablesmayacceptbothpositiveandnegativevalues.Becauseitis
impossibletoplotinonesamepiechartbothnegativeandpositivevalues,you
havetochoosewhichvaluesyouwishtoconsider.
Note:apartfromthename,alltheseoptionsmaybemodifiedfromthepiechart
inyourpeerreport.
Variable
Note:Youmaymodifythevariabledirectlyfromthebarchartinyourreport.
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Year
Undertheyeartabyoumaychangetheyeardisplayedinthepiechart.
Notes:youmaymodifytheyeardirectlyfromthepiechartinyourreport.
Currency
areexpressed.
Anychangeunderthistabapplytoallelementsincludedinyouranalysis.
Group
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peergroups.
Standardpeergroup:
group.
Listofresults:
Savedsearch:
Notes:
inthepeerreport.
Companies
Group.
companylist.
yourselection
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7.7.5.4 DisplayoptionsforaLorenzcurve(peerreport)
theGeneraltab.
General
Thegeneraldisplayoptionsallowyoutomodifythechart'snameandchooseifyou
wouldliketoplotcompanieswithpositivevaluesornegativevalues.
Name:
Thecurrentnameofthechartisdisplayedinthistextbox.Youmaymodifyit
bytypinginanewname.
impossibletoplotinonesameLorenzcurvebothnegativeandpositivevalues,
youhavetochoosewhichvaluesyouwishtoconsider.
Note:apartfromthename,theseoptionsmaybemodifiedfromtheLorenzcurve
inyourreport.
Variable
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Note:YoumaymodifythevariabledirectlyfromtheLorenzcurveinyourreport.
Year
Undertheyeartabyoumaychangetheyeardisplayedinthechart.
Notes:youmaymodifytheyeardirectlyfromtheLorenzcurveinyourreport.
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Currency
areexpressed.
Group
96
peergroups.
Standardpeergroup:
group.
Listofresults:
Savedsearch:
Companyreports
Notes:
inthepeerreport.
Companies
Group.
companylist.
yourselection
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7.7.5.5 Displayoptionsforadistributionchart(peerreport)
theGeneraltab.
General
wouldliketoincludethefirstandtenthdecileinthechart.
Name:
bytypinginanewname.
Include1and10decile:
Deactivate/activatethisoptionremove/includethefirstandtenthdecilefrom
thechart
Note:apartfromthename,theseoptionsmaybemodifiedfromthedistribution
chartinyourreport.
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Variable
Note:Youmaymodifythevariabledirectlyfromthedistributionchartinyour
report.
Year
Notes:youmaymodifytheyeardirectlyfromthedistributionchartinyourreport.
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Currency
areexpressed.
Group
100
peergroups.
Standardpeergroup:
group.
Listofresults:
Savedsearch:
Companyreports
Notes:
inthepeerreport.
Companies
Group.
companylist.
yourselection
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7.7.5.6 Displayoptionsforaindiceschart(peerreport)
theGeneraltab.
General
Thegeneraldisplayoptionsallowyoutomodifythechart'snameandselectthe
statisticalparametersyouwishtoplotonthechart.
Name:
bytypinginanewname.
Bydefaultthemedian,standarddeviationandaverageareallplottedonthe
chart. Activate/deactivatethecheckbox(es)correspondingtothe
parameter(s)youwishtodisplay/removefromthechart.
Note:apartfromthename,theseoptionsmaybemodifiedfromtheindiceschart
inyourreport.
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Variable
Note:Youmaymodifythevariabledirectlyfromtheindiceschartinyourreport.
Years
Undertheyearstabyoumay:
Changetheyearstodisplayinthechart.
Changethebaseyearonwhichtheindicesarecalculate.
Currency
areexpressed.
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Group
peergroups.
Standardpeergroup:
group.
Listofresults:
Savedsearch:
Notes:
inthepeerreport.
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Companies
Group.
companylist.
yourselection
7.7.5.7 Displayoptionsforaquantileschart(peerreport)
theGeneraltab.
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General
Thegeneraldisplayoptionsallowyoutomodifythechart'snameandselectwhether
youwishtodisplaytheevolutionoftheselectedvariablewithinthequartilesorthe
deciles.
Variables
Note:Youmaymodifythevariabledirectlyfromthequantileschartinyourreport.
Years
Undertheyearstabyoumaychangetheyearsdisplayedinthechart.
Currency
areexpressed.
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Group
peergroups.
Standardpeergroup:
group.
Listofresults:
Savedsearch:
Notes:
inthepeerreport.
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Companies
Group.
companylist.
yourselection.
7.8 Customisedsections
Acustomisedsectionisafullycustomisablereportsectionallowingyoutoincorporateany
availableitem(financialornot)inthedesiredsequenceorlayout.Furthermore,customised
sectionsallowyoutoincludevariablesthatyoudefineusinganalgebraicexpressionofother
financialitems.
Eachitemavailableisassociatedwithauniquecode.Inturn,eachitemthatyoucreateina
customisedsectionisassociatedwithanewcodestartingwiththecharactersBVDand
followedby5numericaldigits(e.g.BVD00000).
Justlikeanyotherreportsection,customisedsectionsmaybeindividuallydisplayedor
includedinreportformats.
Youmayaccessthedialogallowingyoutocreateormodifyacustomisedsectionby:
ClickingonathenameofapreviouslysavedcustomisedsectionorthelinkNew
customisedsectionfromSettings>Mycustomisedsections>Mysavedcustomised
section.
ClickingonNewsectionfromtheCustomisedsectionmenuofsidemenuofthe
report.
ClickingonthelinkModifyfromacustomisedsectiontoolbardisplayedinareport.
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7.8.1 Create/modifyacustomisedsection
Access:
Clickonathenameofapreviouslysavedcustomisedsectionorthe New
customisedsectionbuttonfromSettings>Customisedsections>Mycustomised
sections.
FromtheCustomisedsectionmenuofsidemenuofthereport,clickonNew
section.
ClickonthelinkModifyfromacustomisedsectiontoolbardisplayedinareport.
7.8.1.1 Overview
Tocreateacustomisedsectionyoumustadd,linebyline,thedifferentfieldsthatyouwould
liketoincludeinthesectionand,inthecaseitisafinancialfieldormultipledataitem,
optionallydefinetheoptionsforthecreateditemorvariable.
Afteraddingallthedesireditemsyoumayusetheiconsdisplayedaboveyourselectionto
furtheredithoweachitemorvariableisdisplayedandthelayoutofthesection.
Thecustomisedsectiondialogscreenallowsyouto:
Additemsorvariablestothecustomisedsection
Edittheitemsincluded
Saveacustomisedsection
Load acustomisedsection
Deleteacustomisedsection
7.8.1.2 Addingitems
Therearetwowaysyoumayaddafield.
1. Addingfieldsfromthelistofavailablefields:
Toaddasingleitem,either:
Findthedesiredfieldinthetreelikestructureandclickonittoaddittoyour
selection.
Usethesearchfeaturetoeasilyfindandselectthefield.
Toaddmultiplefieldsinoneoperation,clickonthe
category.
icontoaddallitemsunderthat
2. AddinganitemusingtheNewlabelorNewformulalinks:
ClickoneitherNewlabelorNewformulatoaddalineandeditthelabelorformula
oftheitem.
Inthelabelcellyoumayenterwhateveryoudeemappropriate.
Thevaluethatyoumustinputintheformulacellismorerestrictive.Youmayeither:
Leaveitblank:thefieldthenrepresents,forexample,aheadingoranempty
line.
Enteranumericalvalue(constant)precededbe'#'.
Enteravalidfieldcodethatuniquelyidentifiesaknownitem(financialor
textual).
Inthecaseoffinancialitems,youmayconstructanalgebraicformula
composedofseveralfinancialitemsusingtheusualarithmeticoperators(+,,
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*,/,^),parentheses,constants(alwaysprecededby'#').Notethatyoumay
alsoconstructconditionalvariablesusingthe IFstatement,EXISTstatement
aswellasBooleanOperators(AND,OR,NOT).Tohelpyouinconstructing
yourformula,clickonthe icontolaunchthefinancialformulawizard.
Onceyouaddedafield,thefollowingisautomaticallyadded:
todeletethefield
Anemptycheckboxtoselect/unselectthefield
TheBVDcodeassociatedtothecreateditem(e.g.BVD00000)thatisincrementedby
oneforeachnewvariable.TheBVDcodeisuniquetoeachfieldandmaybeusedin
formulasifitrepresentsafinancialvariable.
A indicatingthefieldisvalidora indicatingtheformulaofthefieldisinvalid.Ifit
isinvalid,theinvalidcharactersaredisplayedinred.
iconallowingyoutomodifytheoptionsofthefield(whenavailable).
7.8.1.3 Editingtheitemsofacustomisedsection
Onceyouhaveaddeditemsorvariables,fromwithinthetableofselecteditems,youmay:
editthelabelorformulaofanitembyclickingonthelabelorformulainorderforthe
celltobecomeaneditboxandtypeasneeded.
rearrangetheorderoftheitemsbyclicking,dragginganddroppingtheminthe
desiredsequence.
AddacommenttoanyitembyclickingontheassociatedBVDcode.
Atthetopofyourselectionaredisplayedaseriesoficonsallowingtoapplyawidearrayof
functionsdefinedhereunder.Eachiconwillaffecttheitem(s)thatareselectedviathecheck
boxesandareactive/inactivedependingonwhatyouhaveselected.
Icon
Function
Definetheoptionsofthecurrentlyselecteditems.Ifnoitemsareselected,thisicon
allowsyoutocreateanewvariable.
Definethecurrentlyselectedfinancialitemorvariableas100%ofthebalance
sheet.Allotherbalancesheetitemsincludedinthecustomisedsectionwillbe
expressedasapercentageofthisitemorvariableifinthelayoutoptionsofthe
sectionyouincludedatleastonecolumnexpressedinrelativesizes.
Forthisicontobeactiveyoumusthaveselectedoneandonlyonefinancialitemor
variable.
Definethecurrentlyselectedfinancialitemorvariableas100%oftheincome
statement.Allotherincomestatementitemsincludedinthecustomisedsectionwill
beexpressedasapercentageofthisitemorvariableifinthelayoutoptionsofthe
sectionyouhaveincludedatleastonecolumnexpressedinrelativesizes.
Forthisicontobeactiveyoumusthaveselectedoneandonlyonefinancialitemor
variable.
Insertanewitemthatisthesubtotalofthefinancialitemsorvariablesthatare
currentlyselected.Twoormorefinancialitemsorvariablesneedtobeselectedfor
thisicontobeactive.
Rendertheselecteditem(s)invisible.Althoughinvisibletheseitemswillremainin
youcustomisedsection(usefulwhenincludingsubtotals).
Attachacommenttothecurrentlyselecteditems.
Addacolumnheaderitemforfinancialdatainyourcustomisedsection.
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Insertapictureinyourcustomisedsection.
Insertapagebreak.
Definethefontandstyleofthelabelandvaluesoftheselecteditems.
Definethebackgroundcoloroftheselecteditems.
Addanddefinebordersoftheselecteditems.
Addnumberingorbulletstotheselecteditems.
Indentthelabelsoftheselecteditems.
Definethespacing(beforeandafter)oftheselecteditems
Undoanyformattingorlayoutmodificationsthathavebeenmade(restoresthe
originalsettings)
Previewthecustomisedsection
7.8.1.4 Saveacustomisedsection
1. TypeinthenameyouwouldliketogivetothecustomisedsectionfromtheGivea
nametextbox.
2. Clickononeofthefollowingicons
Icon
Function
Savethecustomised totheapplicationserver.Thenameofthesavedsection
willbelistedunderyousavedsection.Ifasectionwiththatnamealready
exists,awarningmessageaskingyouifyouwouldliketoreplaceitorsave
thesectionunderanewname.
Savethesectiontoalocalornetworkdrive(.custoextensionfile).
7.8.1.5 Loadacustomisedsection
Toloadasectionpreviouslysavedontheapplicationserverclickonthenameofthe
sectionyouwishtoloadfromtheleftsideofthescreen.
ToloadasectionsavedonalocalornetworkeddiskclickonthelinkLoadfromdisk.
browseforit:
Afterhavingsuccessfullyloadedthesection,youaredisplayedwiththereport.
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7.8.1.6 Deleteacustomisedsection
Todeleteacustomisedsectionthatyoupreviouslysavedontheapplicationserver,clickon
thecorresponding iconfromthelistofpreviouslysavedsections.
7.8.2 Userdefinedvariables
Access:
Fromthedialogallowingyoutocreateormodifyacustomisedsection:
o Clickonthe iconcorrespondingtoafinancialitemorvariablealready
includedinacustomisedsection,or
o Clickonthe icondisplayednexttotheformulacellwheneditingtheformula
ofanitem,or
o Doubleclickintheformulacellofafinancialitemorformula.
ClickonathenameofapreviouslysaveduserdefinedvariableortheNewUDV
buttonfromSettings>UserDefinedVariables >MyUserDefinedVariables.
FromtheHomepage,gotothegroupedviewofsearchcriteria,expandUserDefined
VariablesandselectCreateanewUDV.
7.8.2.1 Overview
Thefinancialformulaewizardallowsyoutoquicklyandeasilydefineformulasinorderto
createfinancialvariablesthatyoumaybeusedin:
Searches
Thelistofresults
Companyreports
Customisedsections
Peerreports
Analyses(segmentation,distribution,etc)
SpreadsheetsorPowerPointpresentationsbydownloadingvaluesusingtheWebadd
in
Eachfinancialitemincludedinafinancialformulaisdefinedbyafieldcodeandarelativeyear
usingthefollowingsyntax:FieldCode[Ni].Ifnorelativeyearisspecified,thelastavailable
yearisused[N].
Thefinancialvariableswizardiscomposedofthethreetabsallowingyouto:
Definetheformulaofthevariable(Formulatab)
Definethepropertiesofthevariable(Propertiestab)
Changethelabelassociatedtothevariable(Labeltab)
7.8.2.2 Definetheformula
7.8.2.2.1 Creatingsimplevariables
Financialvariablesmaybeconstructedfromanyexistingfinancialfieldorpreviouslycreated
financialvariablesusingtheusualarithmeticoperators(+,,*,/,^),parentheses,constants
(alwaysprecededby'#').
Youmaytypeintheformuladirectlyintheeditableformulaboxusingyourkeyboardoruse
thefollowingprocedure:
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1. Selectarelativeyear(N,N1,N2,etc)forthefinancialitemvariableyouwishto
includeinyourexpression.
2. Selectthefinancialitemfromthetreelikestructureorusethesearchfeaturetofind
theitemandselectittodisplaythefieldcodeintheeditableformulaarea.
3. Clickontheoperatoryouwishtousetolinkthisitemwiththesubsequentone.
4. Repeatsteps1through3untilyouexpressionisbuiltwithoutforgettingtointroduce
parenthesesinordertospecifythecorrectorderofexecutionoftheexpression.To
insertaconstantclickonthe#buttonandthenclickonthenumbers.
5. ClickontheTestbuttontovalidatetheformulaonthetestcompany(tochangethe
testcompanyclickontheModifylink).Iftheformulaisinvalid,anerrormessageis
displayedinformingyouonthesourceoftheerror.
7.8.2.2.2 Creatingconditionalvariables
Youmaycreatemorecomplexformulasusingthe:
IFstatement,
EXISTstatement
Comparisonoperator(<,>,<=,>=, ><,==)
BooleanOperators(AND,OR,NOT).
Theclassicstructureofaconditionalexpressionis:
IF(A,B,C),with:
A:condition
B:valuetodisplayiftheconditionistrue
C:valuetodisplayiftheconditionisfalse
Notes:
BorCcouldthemselvesbenestedconditionalexpressions(seeexamplebelow).
Usethefollowingsynthaxtoassigntheresult'n.a.'toacondition:#N/A
YouarenotlimitedtousingnumericvalueswhencreatingaconditionalUDV.Youmay
buildconditionalUDVsusingvariablesthattakevaluesoftypestring(suchasindustry
codes,legalforms,statusetc)aswellasassignatextvaluetotheresultofa
condition.Allvaluesoftypestringmustbeplacedbetweendoublequotes.Alsonote
thatallresultsofaconditionmustbeofthesametype(i.e.youcannothavethe
resultofaconditionifitistruetobeoftypestringandoftypenumericifitisfalse).
Examples:
Inthefollowingexamples,textinorangereferstoafieldcode.Thefieldcodesreferenced
belowaregenericandusedforexamplepurposesonly.Refertothevalidfieldcodesdisplayed
inparenthesisnexttothefieldlabelinthetreelikestructuredisplayedinthelefthandsideof
thescreen.
IF(FieldCode1><#N/A,FieldCode1,#0)
Interpretation:ifavalueforField1isavailablethentheUDVisassignedthevalueof
field1elsedisplayitisassignedtheconstant0.
IF((FieldCode2<#100000)OR(FieldCode3==#0),#N/A,FieldCode2/FieldCode3)
Interpretation:ifField2islessthan100000orField3isequaltotheconstant0,then
valueoftheUDVis"n.a."ifField2isequalorsuperiorto100000orField3isdifferent
totheconstant0,thenthevalueoftheUDVisequaltotheratioofField2dividedby
Field3.
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IF((FieldCode4>=#50)AND(FieldCode5><FieldCode6),#0,FieldCode4+#50)
Interpretation:ifField4issuperiororequalto50andField5isdifferentthanField6,
thenvalueoftheUDVisequaltotheconstant0ifField4islessthan50andField5is
equaltoField6,thenvalueoftheUDVisequaltofield4+50.
IF(EXIST(FieldCode7),FieldCode7,#0)
Interpretation:ifField7exists,thenthevalueoftheUDVisthevaluetheFied7,else,
theUDVisequalto0.
IF(FieldCode8<#5000,#1,IF((FieldCode8<#10000),#2,#3))
Interpretation:ifField8islessthe5000thenthevalueoftheUDVis1ifField8is
superiororequalto5000butlessthen10000,thenthevalueoftheUDVisequalto
2ifField8issuperiororequalto10000thenthevalueoftheUDVisequalto3.
IF(FieldCode9/FieldCode10<#50000),"SmallCompany",
IF((FieldCode9/FieldCode10<#500000),"MediumCompany","LargeCompany"))
Interpretation:iftheratioField9dividedbyField10islessthe50000thentheUDVis
assignedthestring"Smallcompany"iftheratioField9dividedbyField10issuperior
orequalto50000butlessthen500000,thentheUDVisassignedthestring"Medium
company"iftheratioField9dividedbyField10issuperiororequalto500000then
theUDVisassignedthestring"Largecompany".
IF(FieldCode11=="ABC","MyMarket","NotMyMarket")
Interpretation:field11isoftypestringifthevalueofField11is'ABC'thentheUDV
willbeassignedthestring'MyMarket'ifitisnot,thenitwillbeassignedthevalue
'NotMyMarket'.
7.8.2.3 Definethepropertiesofavariable
UnderthePropertiestab,youmay:
Definetheunitsyouinwhichyouwishtoexpressthevariable
Definevaluelimitsthatthevariablemaytakeandthevaluetodisplayiftheselimits
arereached
Howtotreatvaluesthatarereturnedasnonavailable(n.a.)ornonsignificant(n.s.).
7.8.2.4 Definethelabelassociatedtovariable
UndertheLabeltabyoumaychangethelabelassociatedtothevariable
7.8.3 Multipledataitems
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Amultipledataitemisanitemthatmayhavemorethanonevalue(e.g.industrycode,
auditorname,etc.).Thefollowingoptionsallowyoutodefinehowtotreatsuchtypeoffields
inacustomisedsections:
Displayallmultipledataitems:
Selectthisoptiontodisplayallthevaluesofthemultipledataitems.Whenyouselect
thisoptionyoumayactivatetheoptionRepeatthelabelbeforeeachvalueinthe
reportinordertohavealabelassociatedtoeachvalue.
Displaythefirstmultipledataitemonly:
Selectthisoptiontoonlydisplaythefirstvalueofthemultipledataitem.
7.9 Modifydataofacompany
Access:
FromacompanyreportclickontheEditiconofthereporttoolbar.
FromSettings>Userediteddata>Companieswithediteddata,clickonthenameof
thecompanyyouwishtoedit(supposesthatyouhavealreadycreatedUseredited
data).
Onceyouenterthecompanyreport'sineditablemode,thesidemenurefreshesallowingyou
toselectasectiontoeditorupdatedatafromthedatabase.
7.9.1 Editaspecificsection
Fromthesidemenu,clickonthesectionyouwishtoeditinordertodisplaythesectionin
editablemode.
7.9.1.1 Editinganonfinancialsection
Toeditafieldwithinareportsectioneither:
Clickonthevalueofafieldendeditthevalueasneeded(freetextfields).
Usethecombboxestoselectavalueforthefieldfromapredeterminedlist.
Clickonthe
icontoselectavaluefromatable(displayedinalayeredpopup).
Whenyouarefinishededitingtheheaderclickonthe
tosaveyourmodifications.
7.9.1.2 Editingafinancialsection
Youmayeditthevalueofanyfigureavailablebysimplyclickingonthevalueofa
fieldandtypingasneeded.
Youmaydeleteayearbyclickingonthe
todelete.
Youmaychangethecharacteristicsofayear(typeofstatement,closingdate,
numberofmonths,currencyandunits)byclickingontheheaderofthecolumn.
YoumayaddanewcolumnofdatabyclickingonthelinkAddayear.Youare
thenpresentedwiththefollowingdialogallowingyoutodefinethetypeof
statement(consolidated/unconsolidated),closingdate,numberofmonths,currency
andunits.
iconcorrespondingtotheyearyouwish
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Note:ifyouchooseadifferenttypeofstatementthantheonesexistingall
previousfinancialvalueswillbelost.
Whenyouarefinishededitingclickonthe
Notes:
Allfieldsthatdependonotherfields(bysum,difference,products,etc)are
automaticallyupdatedonceallfieldsonwhichitdependsonarefilledin.Youmay
howeveroverridetheautomaticcomputationofthesefieldsbytypinginvaluesas
youseefit.
ThelinkCheckvalidityofaccountsallowsyoutocheckthatthedifferent
formulasarevalidaswellasverifytheTotalAssetsandLiabilitiesareequaltoone
anotherandnonnegative.Whenyouclickonthelinkawindowisdisplayed
informingyouoftheexistenceofanyinconsistenciesandtheirorigin.
ClickontheFinishbuttonwhenyouhavefinishedyoureditingandviewthereport.
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7.9.2 Updatedata
Clickontheapplicationserverfromwhichyouwishtoupdatethedata.Ascreenisdisplayed
promptingyouwiththesectionsthataredifferentbetweenyourversionandthedataavailable
ontheselectedserver(ifany).
Ifyouhavepreviouslycreated"MyData"forthesectionsthatareselected,thisdatawillbe
overwrittenwiththedatafromthedatabaseontheserver.
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8 Analyses
8.1 Segmentation
TheSegmentationanalysiscanbeperformedonanynumberofcompanies,breakingdown
thegroupofcompaniesaccordingtouptotwovariables.Thetwovariablesaredefinedbya
primaryandsecondaryvariablesuchasindustry,location,afinancialvariableetc.
Theresultsoftheanalysiscanbeviewedinasegmentationtableaswellasillustratedwitha
barchartorapiechart.
Theprimaryuseoftheanalysisistoallowyoutotargetandcharacterisesubgroupsof
companiesaccordingtotwovariables,suchasindustryandturnoveroranyotherpairof
relevantvariables.
Segmentationanalysesarefullycustomisabletomeetyourneeds:
Youmaychoosewhatthenumberdisplayedineachclass(thedescriptivevariable)is
torepresent.Bydefaultitrepresentsthenumberofcompaniescomprisedintheclass
butyoumaychooseothervariable(suchasaggregatenumberofemployees,
aggregateturnoveretc.)inwhichcasethenumberineachcellrepresentsthesumof
theselectedvariable'svalueforallthecompaniesinaclass.
Youmayalsochoosetodisplayfiguresineachcellasapercentageofthetotalofthe
line,columnortotalwithorwithoutpenetrationsindices.
Youmaychoosetheclassestouseforeachvariablefromalistofpredefined
standard/defaultclasses.Standardanddefaultclassescanthenbemodifiedby
changingthethresholds,deletingoraddingaclass,insertingsubtotalsorrenderinga
classinvisible.
8.1.1 Accessingthesegmentationanalysis
1. YoumayaccessthesegmentationanalysisusingthesidemenufromOrbis'sHomepage
orListpagebyexpandingtheSegmentationsubmenu:
2. Chooseoneofthefollowingoptions:
Newtable
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Analyses
Selectthisoptiontobuildyourowncustomisedsegmentationtable.
Whenyouclickonthisoption,youaredisplayedwiththesegmentationanalysis
wizard.
Predefinedanalysis
Chooseoneofthepredefinedanalysesavailabletoaccesstheresultsofthe
segmentationanalysesaccordingtothetwovariablesdisplayedintheselected
option.
Whenyouselectthisoption,youbypassthesegmentationanalysiswizardandare
immediatelydisplayedwiththeresultsof thesegmentationanalysis.
Savedanalysis
Chooseoneofyourpreviouslysavedsegmentationanalyses.Whenyouclickona
previouslysavedsegmentationanalysis,youaredirectlypresentedwiththeresultsof
theanalysis.
Notes:
Thesidemenumaybedisplayedontheothersideofthescreendisplayedabove.
Thesidemenumaybehidden.Todisplayithoveroftheleftorrightofthescreen.
ThecategorySavedanalysisisnotdisplayedifyouhavenotpreviouslysaveda
segmentationanalysis.
Tip:Ifyouwishtorunasegmentationanalysisthatcloselyresemblesonethatalready
exists(savedorpredefined),select thatanalysisand thencustomiseitbyaddingor
removingelements,modifyingtheprimaryorsecondaryvariable,modifyingthedescriptive
variableormodifyingthedisplayoptionsofthedifferentelementsincludedintheanalysis.
8.1.2 Segmentationwizard
8.1.2.1 Overview
Aswiththeotheravailableanalyses,thesegmentationanalysishasabuiltwizardallowingyou
toeasilyconstructandcustomiseyouranalysisusinganeasystepbystepprocedure.
Thesegmentationanalysiswizardiscomposedofsixdistinctsteps:
Step1:specifythefirstvariable(Primaryvariable)youwouldliketouse.Thisfirst
variablewillbeusedfortherowsofthetable.
Step2:choosetheclassestousefortheprimaryvariable
Step3:specifythesecondvariable(Secondaryvariable)youwouldliketouse.This
secondvariablewillbeusedinthecolumnsofthetable.Choosingasecondary
variableisoptional.
Step4:choosetheclassesforthesecondaryvariable(ifasecondaryvariableis
selected).
Step5:selectthedescriptivevariabletobedisplayedineachcell.
Step6:selecttheelements(tablesandcharts)toincludeinthesegmentation.
8.1.2.2 Navigationbetweensteps
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OrbisUserGuide
Severalbuttonsandlinksaredisplayedatthebottomofeachstepallowingtonavigate
betweenthedifferentstepsofthewizard:
Icon/Link
Previous
Next
Function
Navigatetothepreviousstepofthewizard
Navigatetothenextstepofthewizard.
Gototheresultsofthesegmentationanalysis.Thisbuttonisonlyactive
ifyouincludedatleastoneelementintheanalysis.
Youmayalsojumptoaspecificstepbyclickingontheappropriatestepnumberfromthetop
leftofeachstep.
Thenumberhighlightedinorangeisthestepyouarecurrentlyat.Clickingonthelasticon
allowsyoutoviewtheresultsofthesegmentationanalysis.
8.1.2.3 Loading/saving/modifying/deletingasegmentationanalysis
8.1.2.3.1 Savingyoursegmentationanalysis
Ateachstepyouhavethepossibilitytosaveyouranalysistoeithertheapplicationserver
ortoalocalharddrive.
Icon
Function
Savetheanalysistotheapplicationserver
Savetheanalysistoalocalornetworkdrive(.segextensionfile)
Note:Thesetwoiconsareonlyactiveifyouaddedatleastoneelementtotheanalysis
.
8.1.2.3.2 Loadingapreexistinganalysis
Atanytime,youmaydecidetoloadandviewapreexistinganalysis.Therearetwotypes
ofpreexistinganalyses:
Predefinedanalyses:
UndertheheadingPredefinedanalysesarelistedallthepredefinedanalyses
deliveredwithapplication.Justclickonthenameofthepredefinedanalysisyou
wishtoloadandview
Previouslysavedanalyses:
UndertheheadingSavedanalysisarelistedalltheanalysesthatyoupreviously
savedontheapplicationserver.Justclickonthenameofthesavedanalysisyou
wishtoloadandview.
Toloadananalysisthatyousavedonalocalharddrive,clickonthelinkLoad
fromdiskandbrowsefortherelevantfilewhereyousaved(with.segextension).
Note:Youmayloadapredefinedorananalysissavedontheapplicationserverfrom
thesidemenu.SeeAccessingthesegmentationanalysisformoredetails.
8.1.2.3.3 Modifyingapreexistinganalysis
Eachpreexistinganalysis(savedonserverorpredefined)canbemodifiedbyclickingon
correspondingtotheanalysisyouwishtomodify.Afterclickingonthisicon,youpresented
withthefirststepofthewizard.
Note:Ifyouaremodifyingasavedanalysis,youmaysavetheanalysiswiththesame
nameafterhavingmodifiedit.Youmustchooseadifferentnameifyouaremodifyinga
predefinedanalysis.
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8.1.2.3.4 Deletingapreviouslysavedanalysis
Todeleteananalysisthatyoupreviouslysavedontheapplicationserver,clickonthe
corresponding .
8.1.2.4 SegmentationWizard:Step1
8.1.2.4.1 Overview
Uponcreatinganewsegmentationanalysis,youarepresentedwiththefirststepofthe
SegmentationanalysisWizard.
Thisfirststepallowsyoutoselecttheprimaryvariabletousefortherowsoftheanalysis.
Step1dialog
8.1.2.4.2 Stepstofollow
1. Usethetreelikestructuretofindtheitemyouwishtousefortherows
2. Selecttheradiobuttoncorrespondingtotheitemyouwishusefortherows.
3. Ifafinancialvariableisselected,choosetheyeartoconsiderfromthecombobox
displayednexttotheitem.
4. ClickonNexttomoveontothenextstepoftheWizard.
Note:ifyouselectthevariableNumberofemployees,youmaychoosetouseestimatesof
thevalueforcompanieswhosevalueisn.a.
8.1.2.5.1 Overview
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ThesecondstepoftheWizardallowsyoutochoosetheclassestouseforthevariableselected
instep1.
Aclassis:
Anintervaliftheselectedvariabletakesnumericalvalues(e.g.afinancialvariable)
Acategoryiftheselectedvariabletakesdescriptivevalues(e.g.legalform).
Step2dialog
1. Eachvariablehasitsownsetofstandard/defaultclassesandtheoptionSelfdesigned
classes.Selecttheclassesyouwishtousefromtheavailablelist.
2. Theselectedclassesaredisplayedinthetableunderneath:
Ifyouselectadefault/standardclasstheclasslimitsorcategoriesincludedinthe
classaredisplayedalongwiththecorrespondingrowtitle.
IfyouselecttheoptionSelfdesignedclasses,anemptytableisdisplayedwith
thelinkNewclassdisplayedallowingyoutocreateyourclasses(seepoint3
hereunderformoredetails).
3. Fromthistableyoumaycustomisetherowsby:
Deletingaclass:
Clickonthe correspondingtotheclassyouwishtodelete.
Addinganewclass:
ClickonthelinkNewclassfromwithinthetable:
o Numericalvaluedvariables:anewlineisdisplayedinwhichyoushould
inputthelowerand/orupperthresholdlimits.
o Descriptivevaluedvariables:asearchdialogisdisplayedallowingyouto
selectthedesiredvaluestoincludeintheclass.
Thetitleoftherowisautomaticallyamendedaccordingtoyourselection.
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Analyses
Modifyingaclass:
Tomodifyaclass,clickonthevalueofthe classyouwishtomodify:
o Numericalvaluedvariables:Aclass'upperandlowerlimitsmaybe
modifiedbyclickingonthethresholdvalueandtypinginanewvalue.
o Descriptivevaluedvariables:thesearchdialogisdisplayedallowingyou
toeditthevaluesincludedintheclass.
Renamingarowtitle:
Clickontherowtitleyouwishtorenameandtypeinanewtitle.
Modifyingtheorderofdisplayoftheclasses:
Draganddropaclasstowhereyouwouldlikeittobepositionedintheresulting
table.
Insertingsubtotals:
Activatethecheckboxesoftheclassesyouwishtodisplaythesubtotal.Then
clickonthe Insertasubtotalbuttondisplayedabovethetabletoincludea
subtotalrow.Thesubtotalrowisdisplayedatthelastlineofthetablewitha
defaultname.Youmaychangeboththepositionandthenameofthesubtotal.
Makingoneormoreclassesinvisible:
Activatethecheckboxesoftheclassesyouwishtohide.Thenclickonthe
Toggleinvisibilitybuttondisplayedunderneaththetable.Notethatifthe
selectedclasseswerepreviouslyinvisible,theywillbenowvisibleagain.
Note:aninvisibleclassisalwaystakenintoaccountifincludedinasubtotal.
4. ClickonNextwhenyouarefinishedtogotothenextstepofWizard.
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8.1.2.6.1 Overview
Thisthirdstepallowsyoutoselectthesecondaryvariabletouseforthecolumnsofthe
analysis.
Step3dialog
1. Usethetreelikestructuretofindtheitemyouwishtouseforthecolumns.
2. Selecttheradiobuttoncorrespondingtotheitemyouwishuseforthecolumns.By
defaultNoneisselectedmeaningthatyouwillhaveaonedimensiontable.Ifyou
keepthisoptionactivated,yougotostep5oftheWizard.
3. Ifafinancialvariableisselected,choosethereferenceyeartoconsiderfromthe
comboboxdisplayednexttotheitem.
4. ClickonNexttomoveontothenextstepoftheWizard.
Notes:
IfyouselectthevariableNumberofemployees,youmaychoosetouseestimatesof
thevalueforcompanieswhosevalueisn.a.
Thisstepofthewizardisnotcompulsory.
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8.1.2.7.1 Overview
ThefourthstepoftheWizardallowsyoutochoosetheclassestouseforthevariableselected
instep3.
Aclassis:
Anintervaliftheselectedvariabletakesnumericalvalues(e.g.afinancialvariable)
Acategoryiftheselectedvariabletakesdescriptivevalues(e.g.legalform).
Step4dialog
1. Eachvariablehasitsownsetofstandard/defaultclassesandtheoptionSelfdesigned
classes.Selecttheclassesyouwishtousefromtheavailablelist.
2. Theselectedclassesaredisplayedinthetableunderneath:
Ifyouselectadefault/standardclasstheclasslimitsorcategoriesincludedinthe
classaredisplayedalongwiththecorrespondingcolumntitle.
IfyouselecttheoptionSelfdesignedclasses,anemptytableisdisplayedwith
thelinkNewclassdisplayedallowingyoutocreateyourclasses(seepoint3
hereunderformoredetails).
3. Fromthistableyoumaycustomisetherowsby:
Deletingaclass:
Clickonthecrosscorrespondingtotheclassyouwishtodelete.
Addinganewclass:
ClickonthelinkNewclassfromwithinthetable:
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OrbisUserGuide
o Numericalvaluedvariables:anewlineisdisplayedinwhichyoushould
inputthelowerand/orupperthresholdlimits.
o Descriptivevaluedvariables:asearchdialogisdisplayedallowingyouto
selectthedesiredvaluestoincludeintheclass.
Thetitleofthecolumnisautomaticallyamendedaccordingtoyourselection.
Modifyingaclass:
Tomodifyaclass,clickonthevalueofthe classyouwishtomodify:
o Numericalvaluedvariables:Aclass'upperandlowerlimitsmaybe
modifiedbyclickingonthethresholdvalueandtypinginanewvalue.
o Descriptivevaluedvariables:thesearchdialogisdisplayedallowingyou
toeditthevaluesincludedintheclass.
Renamingacolumntitle:
Clickonthecolumntitleyouwishtorenameandtypeinanewtitle.
Modifyingtheorderofdisplayoftheclasses:
Draganddropaclasstowhereyouwouldlikeittobepositionedintheresulting
table.
Insertingsubtotals:
Activatethecheckboxesoftheclassesyouwishtodisplaythesubtotal.Then
clickonthe Insertasubtotalbuttondisplayedabovethetabletoincludea
subtotalrow.Thesubtotalrowisdisplayedatthelastlineofthetablewitha
defaultname.Youmaychangeboththepositionandthenameofthesubtotal.
Makingoneormoreclassesinvisible:
Activatethecheckboxesoftheclassesyouwishtohide.Thenclickonthe
Toggleinvisibilitybuttondisplayedunderneaththetable.Notethatifthe
selectedclasseswerepreviouslyinvisible,theywillbenowvisibleagain.
Note:aninvisibleclassisalwaystakenintoaccountifincludedinasubtotal.
Note:thisstepisnotcompulsoryifyouselectedtheoptionNoneinstep3ofthewizard.
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8.1.2.8.1 Overview
ThefifthstepoftheWizardallowsyoutoselectthedescriptivevariable.Thedescriptive
variablereferstothenumberthatiscontainedineachcellofthesegmentationtable.
1. Thedefaultoptionisthenumberofcompaniesbelongingtoeachclass.Ifyouwishto
selectadifferentvariable,clickontheradiobuttonofthedesiredvariablefromthe
availablelist.
2. Choosetheyearyouwishtoconsiderfromthecomboboxdisplayednexttothe
selecteditem.
Example:ifyouselectAggregatenumberofemployees,thenumberineachcell
representsthesumofthenumberofemployeesofeachcompanyincludedinthatclass.
8.1.2.9.1 Overview
ThesixthandfinalstepofthesegmentationWizardallowsyoutoselecttheelementsyouwish
toincludeinthesegmentationanalysis.
Step6dialog
The3elements,listedunderOptions,thatyoumayincludeare:
Table
BarChart
PieChart
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1. Toaddanelementclickonit.TheselectedelementisthendisplayedunderYour
selections.
2. Toremoveasection,deactivatetheappropriatecheckboxinthetableunderYour
selections(deactivatingthecheckboxintheheaderofthetableremovesallelements).
3. Theanalysiswillpresenttheelementsinthesameorderastheyappearinthetable.You
maychangethisbydragging&droppingthemtothedesired position.
4. EachelementmaybefurthercustomisedbyclickingonthecorrespondingDisplay
optionslink.
Displayoptionsforasegmentationtable
Displayoptionsforabarchart
Displayoptionsforapiechart
5. ClickontheFinishbuttontogeneratethesegmentationanalysisandviewit.
Tip:youmayaddasmanyelementsofthesametypeasyouwishinonesameanalysis.
Usethedisplayoptionstocustomiseeachelementsoyoucanviewtheresultsfromdifferent
perspectives.
8.1.3 Workingwiththeresultsofasegmentationanalysis
8.1.3.1 Overview
Afterhavingloadedapredefinedanalysis,loadedapreviouslysavedanalysisorbuiltanew
analysiswiththeSegmentationWizard,theresultsoftheanalysisaredisplayed.
Thesegmentationanalysisiscomposedofelementsthatcanbeofthreetypes:
Thesegmentationtable
Thesegmentationbarchart
Thesegmentationpiechart.
Ananalysiscanbecomposedofmorethanoneelementofthesametype.Forexampleyou
canincludetwotables,threebarchartsandonepiechart.Thedisplayofeachindividual
elementmaybecustomisedallowingyoutohaveadifferentperspectiveonthesamesetof
companydata.
TocustomisethedisplayoptionsofanelementclickthelinkOptionsformtheupperright
handcorneroftheelement.
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Analyses
8.1.3.2 Segmentationresultstoolbar
Thefollowingiconsareavailableinthetoolbardisplayedatthetoprighthandsideofthe
analysis:
Icon
Function
Addorremoveelements(tables,orgraphs)fromthesegmentationanalysis
Exportthesegmentationanalysistoanexternaldocumentofaspecifiedformat
(ExcelorPDF)
Exportandsendthesegmentationanalysisbyemailtoaselectionofrecipients
Printoutthesegmentationanalysis.
Notes:
YoumaymodifythesettingsdefinedatanystepoftheSegmentationWizardby
clickingonthestepnumberfromtheiconsdisplayedatthetopleftofthe
segmentationanalysis.
Eachindividualelementmaybehidden( ),deleted( )ormaximised( ).
8.1.3.3 Segmentationtable
8.1.3.3.1 Overview
Thesegmentationtableorganisesthecompaniesincludedintheanalysisinatwodimensional
table.Theaxesaredefinedbytheprimaryvariable(rows)andsecondaryvariable(columns).
Thenumbersdisplayedineachcellaredefinedbythedescriptivevariable.Thedescriptive
variableusedisdisplayedintheupperrighthandcorneroftable.
Table1:Primaryvariable:Incorporationdate(5classes)
Secondaryvariable:Numberofemployees(4classes)
Referenceyear:lastavailableyear
Descriptivevariable:Numberofcompanies
Displayoptions:Value.
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8.1.3.3.2 Workingwithasegmentationtable
Youmaychangetheorderofthecolumnsbydragging&droppingacolumntothedesired
position.
Youmayclickonacelltoselectcompaniesincludedinthecellinordertoviewthemorsave
them(seebelow)
Theiconsdisplayedwithinthetablearedefinedbelow:
Icon
Function
Deletethecorrespondinglineorcolumn
Sortthetableaccordingtothecolumn
Transposethelinesandthecolumnsofthetable(theprimaryvariablewillbecomethe
secondaryvariableandviceversa)
8.1.3.3.3 Segmentationtabletoolbar
Theiconsandlinksdisplayedinthetable'stoolbararedefinedhereunder:
Icon/link
Function
View
companies
Save
companies
Options
Viewthecompaniesincludedinthepreviouslyselectedcell(s)inyourlist
ofresults.
Savethecompaniesincludedinthepreviouslyselectedcell(s).
Changethedisplayoptionsofthetable
Hide(collapse)thesegmentationtable(Redisplaytheelementby
clickingon ).
Open/maximisethetableinanewbrowserwindow.
Removethesegmentationtablefromtheanalysis.
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Analyses
8.1.3.4 Segmentationbarchart
8.1.3.4.1 Overview
Thebarchartallowsyoutoillustratethebreakdownofaprimaryvariable'sclass(row)in
termsoftheclassesofthesecondaryvariable(columns)onthebasisoftheselected
descriptivevariable.
Thedescriptivevariableusedisdisplayedinthegreycircleatthebottomlefthandsideofthe
chart.
BarChart1:breakdownofturnover(4classes)forallcompaniesincludedinthegroupbased
ontheNumberofcompanies.
8.1.3.4.2 Workingwithabarchart
Fromtheleftmenu,youmay:
Changetheprimaryvariable'sclass(row)thatisbrokendown.
Remove/addclassesfromofthesecondaryvariable(columns)fromthechart.
Showorhide'n.a.'valuesandemptyclasses.
Inverttheprimaryandsecondaryvariablesbyclickingon
YoumayhidetheleftmenubyclickingonHide.
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8.1.3.4.3 Barcharttoolbar
Theiconsandlinksdisplayedinthebarcharttoolbararedefinedhereunder:
Icon/link
Options
Function
Changethedisplayoptionsofthebarchart
Hide(collapse)thebarchart(Redisplaytheelementbyclickingon
).
Maximiseandopenthebarchartinanewwindow.Youmayalsodoubleclickin
thesectiontomaximiseit.
Removethebarchartfromtheanalysis.
8.1.3.5 Segmentationpiechart
8.1.3.5.1 Overview
Thepiechartallowsyoutoillustratethebreakdownofaprimaryvariable'sclass(row)in
termsoftheclassesofthesecondaryvariable(columns)onthebasisoftheselected
descriptivevariable.
Thedescriptivevariableusedinisdisplayedinthegreycircleatthebottomlefthandsideof
thechart.
PieChart1:breakdownofturnover(4classes)forcompaniesincorporatedbetween1990
and1999basedontheNumberofcompanies.
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Analyses
8.1.3.5.2 Workingwithapiechart
Fromtheleftmenu,youmay:
Changetheprimaryvariable'sclass(row)thatisbrokendown
Changethedisplayoptionsofthepiechart.
Inverttheprimaryandsecondaryvariablesbyclickingon
8.1.3.5.3 Piecharttoolbar
Theiconsandlinksdisplayedinthepiechart toolbararedefinedhereunder:
Icon/link
Options
Function
Changethedisplayoptionsofthepiechart
Hide(collapse)thepiechart(Redisplaytheelementbyclickingon
).
Maximiseandopenthepiechartinanewwindow.Youmayalsodoubleclick
anywhereintheelementtomaximiseit.
Removethepiechartfromtheanalysis.
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8.1.4 Displayoptions
8.1.4.1 Displayoptionsforasegmentationtable
Accessing:toaccessthisdialog,either:
Gotostep6ofthesegmentationwizardandclickonthelinkDisplayoptionsfrom
thecorrespondingtable.
Fromthesegmentationtable'stoolbarintheresultsofyouranalysis,clickonthe
Optionslink
Twocategoriesofoptionsareavailablefromthetabs:GeneralandClasses
8.1.4.1.1 General
Segmentationtable:generaldisplayoptionsdialog
1. Name:
Usetheeditboxtochangethenameofthesegmentationtable.
2. Displayvaluesorpercentages:
Theoptionsunderthissectionallowyoutodisplaythenumberineachcellasavalues,
percentageorpenetrationindex.
ThePenetrationindexmeasurestherepresentationofaclassbycomparingitwiththe
averageofthecompaniesincludedintheanalysis.Anindexgreaterthan100indicates
anoverrepresentationoftheclassascomparedtotheaverageofthecompanies.An
indexsmallerthan100indicatesanunderrepresentationoftheclassascomparedtothe
averageofthecompanies.
Forexample,if75%ofthecompanieswithaprofitofmorethan50000millionUSD
employmorethan1000peopleandonaverageonly50%ofallthecompaniesincluded
inthecompanysetemployover1000people,thepenetrationindexforcompanieswith
morethen50millionUSDofprofitwouldbeequalto150(=[75/50]*100).
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Analyses
Values(defaultoption):
Displayfiguresintermsofthevalueofthedescriptivevariable.
Base=columntotals:
Selectthisoptiontocalculateanddisplaytheweight(in%)ofeachcellintermsof
thetotalofthecolumntowhichitbelongsto(conditionalfrequencies).Example
Thistableinformsusforexamplethat:
30.94%ofthecompaniesincludedinthecompanysetwithaturnover
comprisedbetween75000EURand300000EURwereincorporated
between5and10yearsago.
69.01%ofthecompaniesincludedinthecompanywereincorporated
morethantenyearsago.
Base=rowtotals:
thetotaloftherowtowhichitbelongsto(conditionalfrequencies).Example
Thistableinformsusforexamplethat:
85.55%ofcompaniesofthecompanysetthatwereincorporatedless
thanoneyearagohaveaturnoveroflessthen75000EUR.
25.36%ofallcompaniesincludedinthesethaveaturnoverofmore
then750000EUR.
Base=completetotal:
thetotalvalueofthecompaniesincludedintheanalysis.(absolute
frequencies).Example
Base=columntotalsincludingpenetrationindices:
thetotalofthecolumntowhichitbelongsto(conditionalfrequencies)asdisplay
thepenetrationindexofeachcell.
Example
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Thistableinformsusforexamplethat70.11%ofthecompanieswithmore
than750000EURofturnoverhavebeenincorporatedmorethantenyears
ago.Thepercentageofcompaniesincorporatedmorethantenyearsagoasa
wholeis49.18%.Thepenetrationindexforthiscellistherefore143[=100x
(70.11/49.18)]
Moreover,withthistable,onecouldconcludethat,inrelativeterms,
companiesincorporatedmorethantenyearsagoaremoreinclinedtohavea
largerturnover.
Base=rowtotalsincludingpenetrationindices:
thetotaloftherowtowhichitbelongsto(conditionalfrequencies)asdisplaythe
penetrationindexofeachcell.
Example
Thistableinformsusforexamplethat85.55ofcompaniesincorporatedless
thanoneyearagohaveaturnoveroflessthan75000EUR.Thepercentage
ofcompanieswithlessthan75000EURofturnoverisasawholeis23.04%.
Thepenetrationindexforthiscellistherefore371[=100x(85.55/23.04).
Penetrationindices:
Selectthisoptiontocalculateanddisplaythepenetrationindicesofeachcell.
Example
APenetrationIndexgreaterthan100indicatesanoverrepresentationofthe
classascomparedtotheaverageofthecompanyset.Anindexsmallerthan
100indicatesanunderrepresentationoftheclassascomparedtotheaverage
ofthecompanyset.
Note:ThePenetrationindicesandpercentagescalculateddependintrinsicallyonthe
descriptivevariablechoseninthesegmentationtable.Intheexamplesabove,the
descriptivevariableisthenumberofcompanies.
3. Display'n.a.'values
Companiesthathaveanonavailable(n.a.)valueforthevariableusedfortherowsor
columnsaregroupedinaroworcolumnlabelledn.a..Companieswithn.a.foroneor
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Analyses
bothvariablescanbeexcludedfromthesegmentationtableanalysisbydeactivatingthis
option.
4. Displayemptyclasses:
Deactivatethisoptiontoremovetherow(s)orcolumn(s)thatdonotcontainany
observations.
8.1.4.1.2 Classes
Segmentationtable:classesdisplayoptionsdialog
Theoptionsunderthiscategoryofoptionsallowyoutoexclude(orreinclude)oneormore
classesfromsegmentationanalysis.
Note:Modifyingsettingsunderthiscategorywillaffectthedisplayoptionsofallelements
includedintheanalysis.
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8.1.4.2 Displayoptionsforabarchart(segmentation)
thecorrespondingbarchart
Fromthebarchart'stoolbarintheresultsofyouranalysis,clickontheOptionslink
8.1.4.2.1 General
Barchart:generaldisplayoptionsdialog
1. Name:
Usetheeditboxtochangethenameofthebarchart.
2. Displayvaluesorpercentages:
Theoptionsunderthissectionallowyoutodisplaytheheightofeachbarinthebarchart
intermsofvalues,percentagesorpenetrationindices.
ThePenetrationindexmeasurestherepresentationofaclassbycomparingitwiththe
averageofthecompaniesincludedintheanalysis.Anindexgreaterthan100indicates
anoverrepresentationoftheclassascomparedtotheaverageofthecompanies.An
indexsmallerthan100indicatesanunderrepresentationoftheclassascomparedtothe
averageofthecompanies.
Forexample,if75%ofthecompanieswithaprofitofmorethan50000millionUSD
employmorethan1000peopleandonaverageonly50%ofallthecompaniesincluded
inthecompanysetemployover1000people,thepenetrationindexforcompanieswith
morethen50millionUSDofprofitwouldbeequalto150(=[75/50]*100).
138
Values(defaultoption):
Theheightofeachbarwillcorrespondtothevalueofthedescriptivevariablefor
eachcolumnofagivenrow.
Analyses
Base=columntotals:
Selectthisoptiontodisplaytheheightofeachbarasthepercentageofthetotalof
thecolumnsforeachcolumnofagivenrow.(conditionalfrequencies).
Base=rowtotals:
therowsforeachcolumnofagivenrow(conditionalfrequencies).
Base=completetotal:
companiesforeachcolumnofagivenrow(absolutefrequencies).
Penetrationindices:
Selectthisoptiontodisplaytheheightofeachbarasthepenetrationindexfor
eachcolumnofagivenrow.
Note:ThePenetrationindicesandpercentagescalculateddependintrinsicallyonthe
descriptivevariablechoseninthesegmentationanalysis.
3. Display'n.a.'values
columnsaregroupedinacategorylabelledn.a..Companieswithn.a.foroneorboth
variablescanbeexcludedfromthebarchartbydeactivatingthisoption.
4. Displayemptyclasses:
Deactivatethisoptiontoremovetherow(s)orcolumn(s)thatdonotcontainany
observations.
Note:Displayingorhiding'n.a.'valuesandemptyclassesmaybedonedirectlyfromthe
barchart.
8.1.4.2.2 Classes
Segmentationbarchart:classesdisplayoptionsdialog
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8.1.4.3 Displayoptionsforapiechart(segmentation)
thecorrespondingpiechart
Fromthepiechart'stoolbarintheresultsofyouranalysis,clickontheOptionslink
Note:Modifyingthegeneralsettingsofthepiechartmaybeediteddirectlyfromthepie
chartitself.
8.1.4.3.1 General
Piechart:generaldisplayoptionsdialog
1. Name:
2. Displayoptions:
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Angle:
Rotatethepiechartaroundtheaxispassingthroughitscenterandperpendicular
tothesurfaceinaclockwisefashion.Thefirstslicestartsattheanglesetusingthe
combobox.At0thefirstslice'sleftborderstartsatthetopofthepiechart.Move
thefirstslicetotherightbyincreasingthevalues(0to180).Decreasetothe
values(from0to180)tomovethefirstslicetotheleft.
Tilt:
Rotatethepiechartalongitshorizontalaxis,i.e.thepiechartwillrotatevertically.
At0thepiechartisflat.At70thepiechartisslantedtoitsmaximum.
Analyses
Numberofslices:
Choosethenumberofslices(classes)todisplayinthepiechart.
3. Sortedby:
Choosehowtheslicesaresequencedclockwise.
Values:thefirstslicerepresentstheclasswiththehighestvalueintermsofthe
valueofdescriptivevariable.
Classes:thefirstslicerepresentstheclasswiththehighestvalueinterms
variablerepresentingtheclass.
4. Display'n.a.'values:
columnsaregroupedinacategorylabelledn.a..Companieswithn.a.foroneorboth
variablescanbeexcludedfromthepiechartbydeactivatingthisoption.
8.1.4.3.2 Classes
Segmentationpiechart:classesdisplayoptionsdialog
8.2 Peeranalysis
Thepeeranalysisisabenchmarkingtoolenablingyoutocompareagroupofcompanies
againstoneanotheraswellasagainstsomesummarystatisticsofthegroupofcompanies.
Thegroupofcompaniesinwhicheachcompanyiscomparedtooneanotheriscomposedof
eachcompanycurrentlyselectedfromthelistofresults.
Thedistinctionbetweenapeeranalysisandapeerreportisthatthepeerreport(available
fromthecompanyreportsidemenu)comparesasubjectcompanytoapredefinedpeergroup
(definedbyaproximityvariable,yearand/orindustry)whereasapeeranalysisenablesyouto
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fullycustomisethecompositionofthegroupcompaniesyouwishtocomparetooneanother
andincludeasubjectcompany.Moreover,thepeerreportisconsideredasasectionofa
companyreportwhereasapeeranalysisisindependentofanycompanyreport.
Thecomparisoncanbebasedonanyvariableavailablefromanyfinancialsectionofthe
companyreportforanyoftheavailableyears.
Theresultsofthepeeranalysiscanviewedinatableandillustratedwithavarietyofcharts
andgraphs:
Barchart
Piechart
Lorenzcurve
Distributionchart
Indiceschart
Quantilechart
Note:youmayrunthisanalysisonmaximum500companies.
8.2.1 Accessingthepeeranalysis
1. YoumayaccessthepeeranalysisusingthesidemenufromOrbis'sHomepageorList
pagebyexpandingthePeeranalysissubmenu:
Newanalysis
Selectthisoptiontobuildyourowncustomisedpeeranalysis.Whenyouselectthis
option,youaredisplayedwiththepeeranalysiswizard.
Predefinedanalyses
Clickononeoftheavailablepredefinedanalysestoaccesstheresultsofthepeer
analysis.
Whenyouselectapredefinedanalysis,youbypassthepeeranalysiswizardandare
immediatelydisplayedwiththeresultsofthepeeranalysis.
Savedanalyses
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Analyses
Chooseoneofyourpreviouslysavedpeeranalyses.Whenyouclickonapreviously
savedpeeranalysis,youaredirectlypresentedwiththeresultsofthepeeranalysis.
Notes:
Ifyoudonotselectcompaniesfromthelistbeforeaccessingthepeeranalysis,all
companiesincludedinyourresultsareconsideredfortheanalysis.
Theanalysisisonlyavailableifamaximumof500companiesareselectedforthe
analysis.
Thesidemenushownabovemaybedisplayedontheothersideofthescreen.
ThecategorySavedanalysisisnotdisplayedifyouhavenotpreviouslysavedapeer
analysis.
8.2.2 Peeranalysiswizard
8.2.2.1 Overview
Aswiththeotheravailableanalyses,thepeeranalysishasabuiltwizardallowingyoutoeasily
constructandcustomiseyouranalysisusinganeasystepbystepprocedure.
Thepeeranalysiswizardiscomposedofthreedistinctsteps:
1. Step1:selectthefinancialvariablesyouwouldlikecomparethecompanieswith.
2. Step2:selecttheyearsofaccountingdatayouwishtocompare.
3. Step3:selecttheelements(tablesandcharts)toincludeintheresultsofthepeer
analysis.
Icon/Link
Function
Previous
Next
Gototheresultsofthepeeranalysis.
Thisbuttonisonlyactiveifyouhavecompletedeachstepofthewizard.
Atthetoplefthandsideofeachstepyoumaydirectlyjumptoaspecificstepbyclickingon
thedesiredstepnumber.
allowsyoutoviewtheresultsofthepeeranalysisandisonlyactiveifeachstepofthewizard
hasbeencompleted.
8.2.2.3 Loading/saving/modifying/deletingapeeranalysis
8.2.2.3.1 Savingyourpeeranalysis
ortoalocalornetworkedharddrive.
Icon
Function
Savetheanalysistotheapplicationserver.
Savetheanalysistoalocalornetworkdrive(.peerextensionfile).
Note:Thesetwoiconsareonlyactiveifyoucompletedeachstepofthewizard.
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Atanystepofthewizard,youmaydecidetoloadandviewapreexistinganalysis.There
aretwotypesofpreexistinganalyses:
Predefinedanalyses:
wishtoloadandview.
wishtoloadandview.
fromdiskandbrowsefortherelevantfilewhereyousaved(with.peerextension).
thesidemenu.SeeAccessingthepeeranalysisformoredetails.
predefinedanalysis.
corresponding .
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Analyses
8.2.2.4 Peeranalysiswizard:Step1
8.2.2.4.1 Overview
Uponcreatinganewpeeranalysis,youarepresentedwiththefirststepofthepeeranalysis
wizard.Thisfirststepallowsyoutoselectthevariablesyouwouldliketouseinorderto
comparethegroupofcompanies.
Step1dialog
1. UnderYourpossibilities,arelistedallthefinancialitemsyoumayselectforthe
analysis.Toselectavariable,either:
theSearchbuttonandselectingtheitemsfromthelistofitemsmatchingthe
charactersentered.
2. TheselectedvariablesisdisplayedunderYourselection.Thevariableswillbeused
inthedifferentelementsthatyouaddtotheanalysisinthesameorderasthey
appearunderYourselection.Youmaychangethisorderbydragging&dropping
themtothedesiredposition.
3. ClickonNexttomovetothenextstepofthewizard.
Notes:
Youmaynotselectmorethan24variablesperanalysis.
Ifyouaremodifyingananalysisthatalreadyhassomeelementsincluded,the
variablesthatyouselectinthisstepwillnotmodifythevariablesusedintheelements
thathavealreadybeenincluded.Changingthevariablehereonlydeterminesthe
variablesthatwillbeusedinelementsthatyouaddsubsequently.
Tochangethevariableofanelementmodifytheelement'sdisplayoptions.
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8.2.2.5.1 Overview
Thesecondstepofthewizardallowsyoutoselecttheyearsofaccountingdatayouwishto
compare.
Step2dialog
1. ChooseRelativeyearsorAbsoluteyearsbyusingthetabsdisplayedacrossthetopof
theOptionsbox.
2. FromtheOptionsbox,selecttheradiobuttoncorrespondingtotheyearyouwishto
considerforyouranalysis.
3. ClickonNexttomoveontothenextstepofwizard.
Note:Ifyouaremodifyingananalysisthatalreadyhassomeelementsincluded,the
yearsthatyouselectinthisstepwillnotmodifytheyearsusedintheelementsthathave
alreadybeenincluded.Changingtheyearshereonlydeterminestheyearsthatwillbe
consideredinelementsthatyouaddsubsequently.
Tochangetheyearsofanelementmodifytheelement'sdisplayoptions.
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Analyses
8.2.2.6.1 Overview
Thethirdandfinalstepofthedistributionwizardallowsyoutoselecttheelementsyouwishto
includeintheresultsofthepeeranalysis.
Step3dialog
Theseventypesofelements,listedunderOptions,thatyoumayincludeare:
Table
Barchart
Piechart
Lorenzcurve
Distributionchart
Indiceschart
Quantileschart
selections.
2. Toremoveanelement,deactivatetheappropriatecheckboxunderYourselections
(deactivatingthecheckboxintheheaderofthetableremovesallelements).
3. Theanalysisresultswillpresenttheelementsinthesameorderastheyappearinthe
table.Youmaychangethisbydragging&droppingthemtothedesiredposition.
4. Eachelementwilldisplaytheresultsaccordingtoyourchoicesinstep1andstep2ofthe
wizard.Youmaymodifyboththeyearandvariableaswellasfurthercustomisethe
displayofeachelementbyclickingonthecorrespondingDisplayoptionslink.
Displayoptionsforatable
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DisplayoptionsforaLorenzcurve
Displayoptionforadistributionchart
Displayoptionsforaindiceschart
Displayoptionsforaquantileschart
5. ClickontheFinishbuttontogenerateandviewtheresultsofthepeeranalysis.
TIP:youmayaddasmanyelementsofthesametypeasyouwishinonesameanalysis.
UsetheDisplayoptionstocustomiseeachelementsoyoucanviewtheresultsfrom
differentperspectives.
Note:youmayincludeamaximumof3tablesand6chartsinanysingleanalysis.
8.2.3 Workingwiththeresultsofapeeranalysis
8.2.3.1 Overview
analysiswiththepeeranalysiswizard,theresultsoftheanalysisaredisplayed.
Theresultsofapeeranalysisiscomposedofelementsthatcanbeofsevendifferenttypes:
Table
Barchart
Piechart
Lorenzcurve
Distributionchart
Indiceschart
Quantilechart
Ananalysiscanbecomposedofmorethanoneelementofthesametypebutarelimitedto
threetablesanduptosixcharts(ofanytype)peranalysis.Thedisplayofeachindividual
elementmaybecustomisedallowingyoutohaveadifferentperspectiveonthesamesetof
data.
Usethescrollbartonavigatebetweenthedifferentelementsincludedinyouranalysis.
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Analyses
8.2.3.2 Analysisresultstoolbar
analysis:
Icon
Function
Addorremoveelements(tablesorgraphs)fromthepeeranalysis
Exporttheresultsofthepeeranalysistoanexternaldocumentofa
specifiedformat(ExcelorPDF)
Exportandsendtheresultsofthepeeranalysisbyemailtoaselectionof
recipients
Printouttheresultsofthepeeranalysis.
Notes:
Youmaymodifythesettingsdefinedatanystepofthepeeranalysiswizardbyclicking
onthestepnumberfromtheiconsdisplayedatthetopleftoftheresultsofthepeer
analysis.
Modifyingastepinthewizardonlydeterminesthevariableandyearthatwillbeused
inelementsthatyousubsequentlyaddtotheanalysisandnottheelementsalready
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8.2.3.3 Table(peeranalysis)
8.2.3.3.1 Overview
Thepeertabledisplaysthevaluesoftheselectedvariablesoneachselectedforeachcompany
Peertable
Thepresentationofthedatadependsonthelayoutselectedinthetable'sdisplayoptions.You
mayeitherhave:
i.
Onetableperyear(withonecompanyperlineandonevariablepercolumnorwith
onevariableperlineandonecompanypercolumn)
ii.
Onetablepervariable(withonecompanyperlineandoneyearpercolumnorwith
oneyearperlineandonecompanypercolumn)
iii.
Onetablepercompany(withoneyearperlineandonevariablepercolumnorwith
onevariableperlineandoneyearpercolumn)
Foranewanalysisbuiltwiththepeeranalysiswizard,thedefaultlayoutisonetableperyear
withthecompaniesonthelinesandthevariablesinthecolumns.
Anumberofsummarystatistics(suchastheaverage,median,standarddeviation,etc.)are
alsodisplayedinthetable.Thepositionandnumberofsummarystatisticsdisplayedinthe
tablemaybemodifiedfromthetable'sdisplayoptions.
Thefiguredisplayednexttothevalueofeachvariablerepresentseitherthecompaniesrank
orthequartileordecileinwhichthecompanybelongsto(alsoselectablefromthetable's
displayoptions.
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Analyses
8.2.3.3.2 Workingwithapeertable
8.2.3.3.2.1 Sortingthetable
Aslongasyoudonothavethecompaniesinthecolumnsofthetableordonothaveonetable
percompany,youmaysortthetableaccordingtoanycolumn.
Todosoclickon withinthecolumnheader( :indicatesanascendingsort :indicatesa
descendingsort).
8.2.3.3.2.2 Resizingthetable
Youmaymodifythewidthofeachcolumnincludedinthetablebyclickingontheborderofa
columnanddraggingittothedesiredwidth.
8.2.3.3.2.3 Changingthecolumnorder
Ifyouhavethevariablesdisplayedinthecolumns,youmaychangetheorderofacolumnby
clickingonthecolumnheaderanddraggingittothedesiredposition.
8.2.3.3.2.4 Deletingalineoracolumn
Toremovealineoracolumninthetableclickonthe correspondingtothelineorcolumn
youwishtodelete(youmayreincludeadeletedlineorcolumnfromthetable'sdisplayoptions
).
8.2.3.3.2.5 Viewingthereportofacompany
Ifthetableispresentedwithonetableperyearwiththecompaniesdisplayedinthelines,you
mayviewthereportofacompanybyclickingonitsname.Anewwindowopensdisplayingthe
company'sreport.
8.2.3.3.3 Peertabletoolbar
Icon/link
Options
Function
Changethedisplayoptionsofthetable.
Hide(collapse)thetable(redisplaytheelementbyclickingon
).
Maximiseandopenthetableinanewwindow.Youmayalsodoubleclickinthe
sectiontomaximiseit.
Removethetablefromtheanalysis.
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8.2.3.4 Barchart(peeranalysis)
8.2.3.4.1 Overview
Thebarchartillustratestheanalysiswithahistogramplottingthevalueofallorsome
companiesforaspecificvariableonaspecificyear.
Barchart
Eachbarrepresentseitheracompanyorasummarystatistic(average,medianorstandard
deviation).Theheightofeachbarisdeterminedbythevalueofthevariablefortheyear
selectedfromtheleftmenu.
8.2.3.4.2 Workingwithabarchart
8.2.3.4.2.1 Selectingthecompaniestoplot
Bydefaultallcompaniesincludedintheanalysisareplottedinthebarchart.Fromthebar
chart'sleftmenuyoumayremovecompaniesfromthebarchartbydeactivatingthecheck
boxescorrespondingtothecompanies'names.
ThecheckboxassociatedtoSelectallcompaniesallowsyoutoeasilyremoveorincludeall
companiesfromthebarchart.
Note:removingcompaniesonlydeterminesthecompaniesplottedinthebarchartand
notthecompaniesincludedintheanalysis.Toremovecompaniesfromtheanalysisandnot
justfromthebarchart,selecttheCompaniestabfromanyelement'sdisplayoptions.
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Analyses
8.2.3.4.2.2 Changingthevariable
Youmayplotthevaluesofanyvariableselectedfortheanalysisoneatatimefromtheleft
menu.Todososimplyclickontheradiobuttoncorrespondingtothevariableyouwishtoplot.
Note:youmayalsochangethevariablefromthebarchart'sdisplayoptions.
8.2.3.4.2.3 Changingtheyear
Fromtheleftmenu,youmayalsochoosetheyearofdatatodisplayusingtheSelectayear
dropdownmenu.Youmaychooseanyyearselectedfortheanalysis.
Note:youmayalsochangetheyearfromthebarchart'sdisplayoptions.
8.2.3.4.2.4 Showing/hidingsummarystatistics
Theleftmenualsoallowsyoutoselectthesummarystatisticsyouwishtoincludeinthechart.
Thesummarystatisticsthatyoumaydisplayarethemedian,thestandarddeviationandthe
average.
Activate/deactivatethecheckbox(es)correspondingtothestatistic(s)youwishto
include/removefromthechart.
Note:youmayalsochoosewhichstatisticstodisplayfromthebarhart'sdisplayoptions.
Theiconsandlinksdisplayedinthechart'stoolbararedefinedhereunder:
Icon/link
Options
Function
Changethedisplayoptionsofthechart.
Hide(collapse)thechart(redisplaytheelementbyclickingon
).
Maximiseandopenthechartinanewwindow.Youmayalsodoubleclickinthe
Removethechartfromtheanalysis.
Note:youmayhidetheleftmenubyclickingonHide.
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8.2.3.5 Piechart(peeranalysis)
8.2.3.5.1 Overview
Thepiechartallowsyoutoillustratethebreakdownofanadditivevariableacrossthegroupof
companiesforaspecificyear.
Piechart
The360circlerepresentsthesumofthevariablefortheyearselectedfromtheleftmenu
acrossthecompaniesincludedintheanalysis.Eachsegmentrepresentstheshareofa
companyintermsofthisvariableacrossthegroupofcompanies.
Example:iftheaggregatedvalueofvariableNis360000USDandthevalueofvariableNfor
companyAis36000USD,thentheangleoftheslicerepresentingcompanyAis36[=(36
000/360000)x360].
Bydefault,thefivecompanieswiththelargestvaluefortheselectedvariablefortheselected
yearareplottedonthechart.Thelastslicerepresentstheaggregatedvalueoftherestofthe
group.
8.2.3.5.2.1 Changingthecompaniesplottedonthechart
Youmaychangethecompaniesplottedonthechartfromtheleftmenubydeactivatinga
checkboxcorrespondingtoacompanyalreadyincludedandactivatingthecheckboxof
thecompanyyouwishtoinclude.
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Analyses
Toaddoneormorecompaniestothechartwithouthavingtoremoveacompany,you
firstneedtochangethenumberofslicesthechartcontainsfromthedisplayoptions(see
below).
AllthevariablesselectedfortheanalysisarelistedunderSelectavariableintheleft
menu.Tochangethevariable,clickontheradiobuttoncorrespondingtothevariableyou
wishtorepresent.
Note:onlyadditivevariablescanbeplotted.Ifyouselectanonadditivevariablethe
followingmessageisdisplayed:"Thechosenvariablebeingnonadditive,thischartisnot
meaningful"
AlltheyearsselectedfortheanalysisarelistedinthedropdownmenuAvailableyears
intheleftmenu.Tochangetheyear,expandthemenuandselecttheyearyouwishto
consider.
8.2.3.5.2.4 Modifyingthedisplayoptions
Fromtheleftmenuyoumaymodifyhowthepiechartisdisplayedaccordingtothree
criteria:
Angle:
Thisoptionallowsyoutorotatethepiechartaroundtheaxispassingthroughthe
centerofthecircleandperpendiculartothesurfaceinaclockwisefashion.The
firstslicestartsattheanglesetusingthecombobox.At0thefirstslice'sleft
borderstartsatthetopofthepiechart.Movethefirstslicetotherightby
increasingthevalues(0to180).Decreasetothevalues(from0to180)to
movethefirstslicetotheleft.
Tilt:
Thisoptionallowsyoutorotatethepiechartalongitshorizontalaxis.At0the
piechartisflat.At70thepiechartisslantedtoitsmaximum.
Numberofslices:
Thisoptionallowsyoutoselectthemaximumnumberofslices(companies)that
thepiechartmaycontain.Increasethenumberofslicestoaddmorecompanies
tothechart.
8.2.3.5.2.5 Showingpositive/negativevalues
Somevariablesmayacceptbothpositiveandnegativevalues.Becauseitisimpossibleto
plotinonesamepiechartbothnegativeandpositivevalues,anoptionallowingyouto
selectwhichonesyouwishtoplotisavailablefromtheleftmenuundertheheading
Show.
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Icon/link
Options
Function
).
Notes:
Exceptforthechoiceofcompaniestodisplay,alltheoptionsavailablefromtheleft
menuarealsoavailablefromthechart'sdisplayoptions.
8.2.3.6 Lorenzcurve(peeranalysis)
8.2.3.6.1 Overview
TheLorenzcurveallowsyoutoillustratethepeeranalysiswithachartmeasuringthe
concentrationofanadditivevariablewithinthegroupofcompaniesandpositioningacompany
onthecurve(representedwithaorangesegmentontheLorenzcurveitself).
Lorenzcurve
AllthecompaniesincludedintheanalysisarepositionedintheXaxis.Theorderinwhichthe
companiesareplottedisdeterminedbytheirpositioninthedistributionofthevariablethatis
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Analyses
selected.If,forexample,thegroupiscomposedof20companies,thefirst5%oftheaxis
representsthecompanywithhighestvaluefortheselectedvariable.Thefollowing5%ofthe
axisrepresentsthecompanywiththesecondhighestfigureofthegroupandsoon.
TheYaxisrepresentsthevalueoftheselectedvariableinpercentageofthetotalofthe
group.
Thedashedlinerepresentsasituationofperfectequalityintermsofconcentrationofthe
variableacrossthegroup(itshowsasituationwherethetopX%ofthecompaniesrepresent
X%ofthetotalofthegroup).
TheLorenzcurveisthebluearcjoiningthepoints[00]and[100100].ThemoretheLorenz
curvedeviatesfromthedashedline,themorethevariableisconcentratedinsmallnumberof
companies.ForexampleiftheLorenzcurvepassesbythepoint[1040],thisindicatesthe
10%ofthecompaniesaccountfor40%ofthevalueofthegroup.
TheGinicoefficientisalsogivenunderthetable.TheGinicoefficientistheratioofthearea
betweentheLorenzcurveandthe45degreelineandtheareaunderneaththe45degree
line.Thecoefficientisalwayscomprisedbetween0and1:thecloseritisto1,themorea
variableisconcentratedinasmallgroupofcompanies.
8.2.3.6.2 WorkingwithaLorenzcurve
8.2.3.6.2.1 Displayingthepositionofacompany
TheLorenzcurveenablesyoutopositionacompanyonthecurve.Thenameofthecompany
currentlyplottedisdisplayedinthelegendunderneaththechartandisrepresentedonthe
Lorenzcurvewithanorangesegment.
Tochangethecompanyselecttheradiobuttoncorrespondingtothecompanynameyouwish
topositionfromtheleftmenu.
AllthevariablesselectedfortheanalysisarelistedunderSelectavariableintheleftmenu.
Tochangethevariable,clickontheradiobuttoncorrespondingtothevariableyouwishto
represent.
Notes:onlyadditivevariablescanbeplotted.Ifyouselectanonadditivevariablethe
followingmessageisdisplayed:"Thechosenvariablebeingnonadditive,thischartisnot
meaningful"
AlltheyearsselectedfortheanalysisarelistedinthedropdownmenuAvailableyearsin
theleftmenu.Tochangetheyear,expandthemenuandselecttheyearyouwishtoconsider.
Somevariablesmayacceptbothpositiveandnegativevalues.Becauseitisimpossibletoplot,
inonesamechartbothnegativeandpositivevalues,anoptionallowingyoutoselectwhich
onesyouwishtoplotisavailablefromtheleftmenuundertheheadingShow.
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8.2.3.6.3 Lorenzcurvetoolbar
TheiconsandlinksdisplayedintheLorenzcurve'stoolbararedefinedhereunder:
Icon/link
Options
Function
ChangethedisplayoptionsoftheLorenzcurve.
Hide(collapse)thechart(Redisplaytheelementbyclickingon
).
MaximiseandopentheLorenzcurveinanewwindow.Youmayalsodoubleclick
Notes:
8.2.3.7 Distributionchart(peeranalysis)
8.2.3.7.1 Overview
Thedistributionchartdisplaysagraphicalrepresentationofthedistributionofavariable
withinthegroupofcompaniesincludedintheanalysisforaspecificyearandallowsyouto
positionacompanywithinthisdistribution.
Distributionchart
Eachcylinderrepresentsaquartile.Theheightofeachcylinderisdeterminedbydifference
betweenthehigherandlowerlimitofeachquartile.
Thebluehorizontallinerepresentsthepositionwithinthedistributionofthecompanyselected
intheleftmenu(seebelowformoredetails).
Underneaththetablearedisplayedtherelativeinterquartileinterval,thenumberof
observations,thestandarddeviationandthenameofthecompanycurrentlypositionedinthe
chart.
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Analyses
8.2.3.7.2 Workingwithadistributionchart
8.2.3.7.2.1 Displayingthepositionofacompanyinthechart
Eachcompanyincludedintheanalysismaybeplottedinthedistributionchartbyselectinga
companynamefromthemenudisplayedtotheleftofthechart.
Withinthechartahorizontallineisdisplayedallowingyoutoseehowthecompanyis
positionedinthedistribution.Thenameoftheselectedcompanyisdisplayedinthelegend
underneaththechart.
Fromtheleftmenuyoumaymodifythevariableonwhichthedistributionisbasedbyclicking
onthenameofvariable.
Note:youmayalsochangethevariablefromthechart'sdisplayoptions.
TheleftmenuincludesadropdownmenulabelledAvailableyearsallowingtochangethe
yearonwhichthechartisbased.
Note:youmayalsochangetheyearfromthechart'sdisplayoptions.
8.2.3.7.2.4 Including/removingthefirstandlastdeciles
Duetothefactthatthesetonwhichtheanalysisisbasedmightcontainextremevaluesand
thereforeskewyouranalysis,anoptiontoremovethefirstandlastdecilesisavailable.
DeactivatetheoptionIncludethefirstandlastdecilestoremovetheseextremevalues.
Whenyouremovetheseextremevalues,thefirstandlastquartilecontainrespectively15%
(=25%10%)oftheobservations.
Note:youmayalsoremovethesedecilesfromthechart'sdisplayoptions
8.2.3.7.3 Distributioncharttoolbar
Icon/link
Options
Function
).
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8.2.3.8 Indiceschart(peeranalysis)
8.2.3.8.1 Overview
Theindiceschartdisplaystheevolutionofafinancialiteminalinechart,expressedinindices,
forupto5companiesandallowsyoutocomparethesecompanieswithaverage,medianand
standarddeviationofthegroup.
Indiceschart
8.2.3.8.2 Workingwithanindiceschart
8.2.3.8.2.1 Adding/removingacompany
Toadd/removeacompanyplottedonthechartactivate/deactivatethecheckbox
correspondingtothecompanyyouwishtoadd/removefromtheleftmenu.Youmayinclude
uptofivecompanies.
represent.
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Analyses
8.2.3.8.2.3 Changingthebaseyear
Thebaseyearistheyearusedtocalculatetheindices.Youmaychangethisbaseyearusing
thedropdownmenuSelectthebaseyearfromtheleftmenu.
Note:youmayalsochangethebaseyearfromthechart'sdisplayoptions.
8.2.3.8.2.4 Showing/hidingsummarystatistics
Youhavethepossibilitytoshoworhidetheevolutionofsummarystatisticssuchasthe
average,medianandstandarddeviation.
Activate/deactivatethecheckbox(es)correspondingtothestatistic(s)youwishto
include/removefromthechart.
Note:youmayalsochoosewhichstatisticstodisplayfromthechart'sdisplayoptions.
8.2.3.8.3 Indicescharttoolbar
Icon/link
Options
Function
).
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8.2.3.9 Quantileschart(peeranalysis)
8.2.3.9.1 Overview
Thequantileschartallowsyoutoillustratetheanalysiswithalinechartdisplayingthe
evolutionofavariableineitherthequartilesorthedecilesofthegroupforupto15
companies.
Thechartbasicallyallowsyoutoseetheevolutiononeormorecompanies'variablewithinthe
distributionofthegroup.
Quantileschart
Thechoiceofdisplayingtheevolutionwithinthequartilesorthedecilesofthegroupismade
fromthechart'sdisplayoptions.
8.2.3.9.2 Workingwithaquantileschart
8.2.3.9.2.1 Adding/removingacompany
Toadd/removeacompanyplottedonthechartactivate/deactivatethecheckbox
correspondingtothecompanyyouwishtoadd/removefromtheleftmenu.Youmayinclude
upto15companies.
represent.
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8.2.3.9.3 Quantilescharttoolbar
Icon/link
Options
Function
).
8.2.4.1 Displayoptionsforapeertable
Accessingtoaccessthisdialog,either:
Gotostep3ofthepeeranalysiswizardandclickonthelinkDisplayoptionsfrom
Fromthetable'stoolbarintheresultsofyouranalysis,clickonclickontheOptions
link.
Peertabledisplayoptionsdialog
Therearesixcategoriesofdisplayoptionsforthetable,eachrepresentedbyatab.Youmay
navigatefromonecategorytoanotherusingthetabs.Bydefaultyoupresentedwiththe
Generaltab.
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General
statisticalparametersyouwishtodisplayinthetable.
Name:
typinginanewname.
topofthetable.Activate/deactivatethecheckbox(es)correspondingtothe
parameter(s)youwishtodisplay/removefromthetable.
Selecttheparameteryouwanttodisplayaftereachvalue:
Thisoptionallowsyouselectthefiguretodisplaynexttoeachvalueinthetable.
Youmayselectthetodisplaytherank,quartile,decileornothing.
Variables
Underthistabyoumaymodifythevariablesincludedinthetable.
Intheleftframe,arelistedallthefinancialitemsyoumayselectfortheanalysis.
Inthetreelikestructure,thefirstnode,Variablesinyouranalysis,listsallthevariables
currentlyselectedfortheanalysis.Theitemsthataretickedarecurrentlyincludedinthe
table.
Thesecondnode,Financialsectionsandratios,listsallthevariablesthatmaybe
displayedinthetable.
Toaddoneormorevariables,either:
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charactersentered.
TheselecteditemsaredisplayedunderYourselection.Thevariableswillappearinthe
tableinthesameorderasdisplayedhere.Youmaychangethisorderbydragging&
droppingthemtothedesiredposition.
Toremoveavariablefromthetable,simplydeactivatethecheckboxcorrespondingto
thevariableyouwishtoremove.
Notes:ifyouselectanitemfromthenodeFinancialsectionsandratios,thisitem
willalsobeavailablefordisplayintheotherelementsincludedinyouanalysis.
Years
Undertheyeartabyoumayadd/removeyearsdisplayedinthetable.
Note:ifyouaddayear,thisyearwillalsobeavailableforthechartsincludedin
youranalysis.
Layout
Theoptionsavailableunderthistaballowyoutochoosehowyouwouldliketopresent
thedatainthetable.Becausethetabledisplaysinformationaccordingtothree
dimensions(variable,time,company)andatableisessentiallytwodimensional,the
dataneedstobegroupedaccordingtooneofthedimensions.
Threedifferentlayoutsareavailable:
Onetableperyear:
Thisoptiongroupsthevaluesbyyear:thetableissubdividedinsubtables
eachcorrespondingtoadifferentyear.
Itisrecommendedtoselectthislayoutifyouhaveselectedalimitedamounted
ofyearsandincludedlargeamountofcompaniesorvariablesintheanalysis.
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Onetablepervariable:
Thisoptiongroupsthevaluesbyvariablethetableissubdividedinsubtables
eachcorrespondingtoadifferentvariable.
Itisrecommendedtoselectthislayoutifyouhaveselectedalimitedamount
variablesforthetableandincludedalargeamountofcompaniesoryearsinthe
analysis.
Onetablepercompany:
Thisoptiongroupsthevaluesbycompany:thetableissubdividedinsubtables
eachcorrespondingtoadifferentcompany.
Itisrecommendedtoselectthislayoutifalimitedamountcompaniesare
includedintheanalysisandhaveincludedalargeamountofvariablesoryears
inthetable.
Foreachoftheselayoutsyoumayinvertthelinesandcolumnsbyclickingonthelink
invertthelinesandcolumnscorrespondingtothelayoutyouwishtoselect.
Currency
areexpressed.
Companies
Underthistabarelistedallthecompaniesthatwereselectedfromthelistofresultsfor
inclusionintheanalysis.
Youmayexcludeorreincludecompaniesfromtheanalysisbydeactivating/activatingthe
correspondingcheckbox(es).
companylist.
background,willapplytoalltheelementsincludedinyouranalysis.
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8.2.4.2 Displayoptionsforabarchart(peeranalysis)
thecorrespondingbarchart.
Fromthebarchart'stoolbarintheresultsofyouranalysis,clickonclickonthe
Optionslink.
Barchartdisplayoptionsdialog
theGeneraltab.
General
Thegeneraldisplayoptionsallowyoutomodifythebarchart'snameandchoosethe
statisticalparametersyouwishtodisplayinthechart.
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Variable
Youmayselectanyvariabledisplayedinthelist.
Todisplayavariablenotdisplayedinthelist,eitheraddthevariablefromthefirst
stepofthepeeranalysiswizardoraddthevariabletoanexistingtablefromthe
table'sdisplayoptions.
Note:Youmaymodifythevariabledirectlyfromthebarchartinyouranalysis.
Year
Undertheyeartabyoumaychangetheyeardisplayedinthebarchart.
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Analyses
Todisplayayearnotdisplayed,eitheraddthedesiredyearfromthesecondstepof
thepeeranalysiswizardoraddtheyeartoanexistingtablefromthetable'sdisplay
options
Notes:youmaymodifytheyeardirectlyfromthebarchartinyouranalysis.
Currency
areexpressed.
Companies
Underthistabyoumayexcludeorreincludecompaniesfromtheanalysisaswellas
savethecompaniesthatareselected.
yourselection.
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8.2.4.3 Displayoptionsforapiechart(peeranalysis)
Piechartdisplayoptionsdialog
thecorrespondingpiechart
theGeneraltab.
General
170
Name:
Analyses
Angle:
totheleft.
Tilt:
maximum.
Numberofslices:
inyouranalysis.
Variable
Note:Youmaymodifythevariabledirectlyfromthepiechartinyouranalysis.
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Year
options
Notes:youmaymodifytheyeardirectlyfromthepiechartinyouranalysis.
Currency
areexpressed.
Companies
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Analyses
yourselection.
8.2.4.4 DisplayoptionsforaLorenzcurve(peeranalysis)
thecorrespondingLorenzcurve
FromtheLorenzcurve'stoolbarintheresultsofyouranalysis,clickontheOptions
link
Lorenzcurvedisplayoptionsdialog
theGeneraltab.
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General
Name:
bytypinginanewname.
inyouranalysis.
Variable
Note:YoumaymodifythevariabledirectlyfromtheLorenzcurveinyouranalysis.
Year
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Analyses
options
Notes:youmaymodifytheyeardirectlyfromtheLorenzcurveinyouranalysis.
Currency
areexpressed.
Companies
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yourselection
8.2.4.5 Displayoptionsforadistributionchart(peeranalysis)
thecorrespondingdistributionchart.
Fromthedistributionchart'stoolbarintheresultsofyouranalysis,clickonclickon
theOptionslink.
Distributionchartdisplayoptionsdialog
theGeneraltab.
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General
Name:
bytypinginanewname.
thechart
Note:apartfromthename,theseoptionsmaybemodifiedfromthedistribution
chartinyouranalysis.
Variable
Note:Youmaymodifythevariabledirectlyfromthedistributionchartinyour
analysis.
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Year
options
Notes:youmaymodifytheyeardirectlyfromthedistributionchartinyour
analysis.
Currency
areexpressed.
Companies
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Analyses
yourselection.
8.2.4.6 Displayoptionsforaindiceschart(peeranalysis)
thecorrespondingindiceschart.
Fromtheindiceschart'stoolbarintheresultsofyouranalysis,clickonclickonthe
Optionslink.
Indiceschartdisplayoptionsdialog
theGeneraltab.
General
statisticalparametersyouwishtoplotonthechart.
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Name:
bytypinginanewname.
Bydefaultthemedian,standarddeviationandaverageareallplottedonthe
chart. Activate/deactivatethecheckbox(es)correspondingtothe
parameter(s)youwishtodisplay/removefromthechart.
Note:apartfromthename,theseoptionsmaybemodifiedfromtheindiceschart
inyouranalysis.
Variable
Note:Youmaymodifythevariabledirectlyfromtheindiceschartinyouranalysis.
Years
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Analyses
Currency
areexpressed.
Companies
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yourselection.
8.2.4.7 Displayoptionsforaquantileschart(peeranalysis)
thecorrespondingindiceschart.
Fromthequantileschart'stoolbarintheresultsofyouranalysis,clickonclickonthe
Optionslink.
Quantileschartdisplayoptionsdialog
theGeneraltab.
General
Thegeneraldisplayoptionsallowyoutomodifythechart'snameandselectwhether
youwishtodisplaytheevolutionoftheselectedvariablewithinthequartilesorthe
deciles.
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Analyses
Variable
Note:Youmaymodifythevariabledirectlyfromthequantileschartinyour
analysis.
Years
Undertheyearstabyoumaychangetheyearsdisplayedinthechart.
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Currency
areexpressed.
Companies
yourselection.
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Analyses
8.3 Aggregation
Theaggregationanalysisallowsyoutosumup,yearbyyear,thelinesoftheaccountsofeach
companyselectedfromthelistofresults.
Theresultsoftheanalysispresentsyouwithonefinalvirtualcompany'syearlyaccount
statement.
Theaggregatedaccountcanbeillustratedwithfourdifferenttypesofgraphs:
Structureofthebalancesheet
StructureoftheP&Laccount
Barchart
Evolutionofseveralvariablesinindices
Notes:
Youmayrunthisanalysisonmaximum500companies.
Whenviewingtheaggregatedaccounts,thenumberofcompaniesincludedinthe
accountsvariesfromyeartoyearduetothefactthatnotallaccountsincludedinyour
selectedcompanygrouphavethesameavailability.Sowhenviewingandcomparing
theevolutionofavariablethroughtime,youneedtotakeintoaccountthatthereare
notthesamenumberofobservationsandthatthereforetheresultsmaybebiased.
8.3.1 Accessingtheaggregationanalysis
1. YoumayaccesstheaggregationanalysisusingthesidemenufromOrbis'sHomepageor
ListpagebyexpandingtheAggregationsubmenu:
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Newanalysis
Selectthisoptiontobuildyourowncustomisedaggregationanalysis.Whenyouselect
thisoption,youaredisplayedwiththeaggregationanalysiswizard.
Predefinedanalyses
Clickononeoftheavailablepredefinedanalysestoaccesstheresultsofthe
aggregationanalysis.
Whenyouselectapredefinedanalysis,youbypasstheaggregationwizardandare
immediatelydisplayedwiththeresultsoftheaggregationanalysis.
Savedanalyses
Chooseoneofyourpreviouslysavedaggregationanalyses.Whenyouclickona
previouslysavedaggregationanalysis,youaredirectlypresentedwiththeresultsof
theanalysis.
Notes:
Ifyoudonotselectcompaniesfromthelistbeforeaccessingtheaggregationanalysis,
allcompaniesincludedinyourresultsareconsideredfortheanalysis.
analysis.
ThecategorySavedanalysisisnotdisplayedifyouhavenotpreviouslysavedan
8.3.2 Aggregationwizard
8.3.2.1 Overview
Aswiththeotheravailableanalyses,theaggregationanalysishasabuiltwizardallowingyou
Theaggregationanalysiswizardiscomposedofthreedistinctsteps:
Step1:selectthereportsectionsyouwouldliketoaggregate.
Step2:choosetheyearsofaccountingdatayouwouldtocompare.
Step3:selecttheelements(tablesandcharts)toincludeintheaggregationresults.
Icon/
Link
Previous
Next
Function
Gototheresultsoftheaggregationanalysis.Thisbuttonisonlyactiveifyou
havecompletedeachstepofthewizard.
allowsyoutoviewtheresultsoftheaggregationanalysis.
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Analyses
8.3.2.3 Loading/saving/modifying/deletinganaggregationanalysis
8.3.2.3.1 Savingyouraggregationanalysis
ortoalocalharddrive.
Icon
Function
Savetheanalysistoalocalornetworkdrive(.aggextensionfile)
Atanytime,youmaydecidetoloadandviewapreexistinganalysis.Therearetwotypes
ofpreexistinganalyses:
Predefinedanalyses:
wishtoloadandview
wishtoloadandview.
fromdiskandbrowsefortherelevantfilewhereyousaved(with.aggextension).
thesidemenu.SeeAccessingtheaggregationanalysisformoredetails.
predefinedanalysis.
corresponding .
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8.3.2.4 AggregationWizard:Step1
8.3.2.4.1 Overview
Uponcreatinganewaggregation,youarepresentedwiththefirststepoftheaggregation
wizard.
Thisfirststepallowsyoutoselectthereportsectionsfromwhichyouwouldliketoaggregate
thefigures.
Step1dialog
1. Activatethecheckbox(es)correspondingtothereportsectionsyouwouldliketo
aggregate.
2. TheselectedsectionsaredisplayedunderthetableYourselection.Fromthistable
youmayunselectsectionsbydeactivatingthecorrespondingcheckboxesandreorder
howthesectionswillbedisplayedinthetablebydragginganddroppingthemtothe
desiredposition.
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Analyses
8.3.2.5.1 Overview
Thesecondstepofthewizardallowsyoutochoosetheyearsofaccountingdatayouwould
liketoaggregateandcompare.
Step2dialog
1. Activatethecheckbox(es)correspondingtotheyearsyouwishtodisplay.
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8.3.2.6.1 Overview
Thethirdandfinalstepoftheaggregationwizardallowsyoutoselecttheelementsyouwish
toincludeintheaggregationanalysis.
Step3dialog
Theelements,listedunderOptions,thatyoumayincludeare:
Table
Structureofthebalancesheet
StructureoftheP&Laccount
Barchart
Evolutionofseveralvariablesinindices.
selections.
2. Toremoveanelement,deactivatetheappropriatecheckboxinthetableunderYour
table.Youmaychangethisbydragging&droppingthemtothedesired position.
4. EachelementmaybefurthercustomisedbyclickingonthecorrespondingDisplay
optionslink.
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Displayoptionsforanaggregationtable
Displayoptionsforthestructureofthebalancesheet
DisplayoptionsforthestructureoftheP&Laccount
Analyses
Displayoptionforabarchart
Displayoptionfortheevolutionofseveralvariablesinindices
5. ClickontheFinishbuttontogeneratetheaggregationanalysisandviewit.
8.3.3 Workingwiththeresultsofanaggregation
8.3.3.1 Overview
analysiswiththeaggregationwizard,theresultsoftheanalysisaredisplayed.
Aggregationanalysisresultspage
Theaggregationanalysisiscomposedofelementsthatcanbeoffivetypes:
Theaggregationtable
Thestructureofthebalancesheetchart
ThestructureoftheP&Laccountchart
Theaggregationbarchart
Theevolutionofseveralvariablesinindiceschart.
Ananalysiscanbecomposedofmorethanoneelementofthesametype.Thedisplayofeach
individualelementmaybecustomisedallowingyoutohaveadifferentperspectiveonthe
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samesetofdata.
analysis:
Icon
Function
Addorremoveelements(tablesorgraphs)fromtheaggregationanalysis
Exporttheaggregationanalysistoanexternaldocumentofaspecified
format(ExcelorPDF)
Exportandsendtheaggregationanalysisbyemailtoaselectionof
recipients
Printouttheaggregationanalysis.
Notes:
YoumaymodifythesettingsdefinedatanystepoftheaggregationWizardbyclicking
onthestepnumberfromtheiconsdisplayedatthetopleftoftheaggregation
analysis.
8.3.3.3 Aggregationtable
8.3.3.3.1 Overview
Theaggregationtabledisplaystheyearlyaggregatedfiguresofeachfinancialitemincludedin
thereportsection(s)selectedfortheanalysis.
Aggregationtable
Eachlinedisplaystheaggregatedvalueofafinancialitem.Theitemsareorganisedbyreport
section.
Eachcolumndisplaystheyearlyvaluesoftheaggregatedaccounts.
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Analyses
8.3.3.3.2 Workingwithanaggregationtable
Thefirstlineofthetabledisplaysthenumberofcompaniesincludedintheyearly
aggregatedfigures.Thisnumbervariesfromyeartoyeardependingontheavailability
ofaccountsforeachcompanyincludedintheanalysis.
Thenumberdisplayednexttoeachfigurewithinthetablerepresentsthenumberof
companies(observations)consideredforthecalculationofthefigure.
Whencomparingyearlyaggregatedvalues,thenumberofobservationsthatwere
usedtoproduceeachfigureshouldnotbeoverlookedasithassignificantinfluenceon
themagnitudeofeachfigure.
Eachcolumnmayberesizedbyclickingontheborderofacolumnheaderand
draggingittothedesiredwidth.
Clickon
todeletethecorrespondingyearorreportsection.
8.3.3.3.3 Aggregationtabletoolbar
Icon/link
Options
Function
).
8.3.3.4 Structureofthebalancesheet
8.3.3.4.1 Overview
Thestructureofthebalancesheetchartillustratestheannualstructureoftheaggregated
balancesheetinablockdiagram.
Structureofthebalancesheetexample
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Itbreaksdown:
TheaggregatedassetsintermsofFixedassetsandCurrentassets
TheaggregatedliabilitiesintermsofShareholdersfunds,Noncurrentliabilitiesand
Currentliabilities.
ThemiddlecylinderrepresentstheNetcurrentassets(=CurrentassetsCurrentliabilities).
Allfiguresareexpressedinpercentageofthetotal
Bydefault,thestructureofthegroup'sbalancesheetcorrespondingtothelastselectedyear
isdisplayed.Usethedropdownmenuinthetopleftofthecharttochangetheyear.
8.3.3.4.2 Structureofthebalancesheettoolbar
Icon/link
Options
Function
Changethedisplayoptionsoftheelement.
Hide(collapse)theelement(redisplaytheelementbyclickingon
).
Removetheelementfromtheanalysis.
Maximiseandopenthesectioninanewwindow.Youmayalsodoubleclickin
8.3.3.5 StructureoftheP&Laccount
8.3.3.5.1 Overview
ThestructureoftheP&Laccountdiagramillustratestheannualstructureoftheaggregated
profit&lossaccountinablockdiagram.
StructureoftheP&Laccountexample
Itbreaksdownononehandtheaggregatedexpensesandontheothertheaggregated
income.AllfiguresareexpressedinpercentageofOperatingRevenue/Turnover.
Bydefault,thestructureofthegroup'sP&Laccountcorrespondingtothelastselectedyearis
displayed.Usethedropdownmenuinthetopleftofthecharttochangetheyear.
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Analyses
8.3.3.5.2 StructureoftheP&Laccounttoolbar
Icon/link
Options
Function
).
8.3.3.6 Barchart(aggregation)
8.3.3.6.1 Overview
Thebarchartinanaggregationanalysisdisplaystheevolutionofanaggregatedvariableover
acertaintimeperiod.
Barchartexample
Themenudisplayedtotheleftofthechartallowsyoutoselectthevariableyouwishto
illustrate.
Icon/link
Options
Function
).
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8.3.3.7 Evolutionofseveralvariablesinindices(aggregation)
8.3.3.7.1 Overview
Theevolutionofseveralvariablesinindiceschartdisplaystheevolutionofuptofivefinancial
itemsinalinechartexpressedinindices.
Evolutionofseveralvariableinindicesexample
Themenutotheleftofthechartallowsyouto:
Changethebaseyearonwhichtheindicesarecalculated.
Add/removefinancialitemsfromthechart.Amaximumof5itemscanbeincludedat
onetime.
8.3.3.7.2 Evolutionofseveralvariablesinindicestoolbar
Icon/link
Options
Function
).
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Analyses
8.3.4.1 Displayoptionsforanaggregationtable
Gotostep3oftheaggregationwizardandclickonthelinkDisplayoptionsfromthe
correspondingtable.
link.
Aggregationtabledisplayoptionsdialog
Therearefivecategoriesofdisplayoptionsfortheaggregationtable.
theGeneraltab.
General
Thegeneraldisplayoptionsallowyouto:
Modifythetable'sname.
Display/hidethenumberofcompanieswithavailableaccountsforeach
selectedyearorthenumberofcompaniesforwhicheachaccountitemis
available.
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Sections
Underthistabyoumayaddorremovereportsectionsfromthetable.
ThesectionsavailableundertheheadingSectionsinyouranalysisarethosethatyou
selectedinstep1ofthewizard.
Note:Modifyingthereportsectionsonlyappliestothetableyouarecustomising.
Years
Addorremovetheyearsdisplayedinthetable.
Changethecolumnorder(fromthemostrecenttotheleastrecentorfromthe
leastrecenttothemostrecent).
Notes:
Modifyingtheyearsonlyappliestotheelementyouarecustomising.
Tomodifytheyearsofallelementsincludedintheanalysis,gotostep2ofthe
Currency
areexpressed.
198
Analyses
Companies
yourselection.
Note:Modifyingtheoptionsunderacategoryrepresentedbyatabwithadarkblue
background,willapplytoalltheelementsincludedinyouranalysis
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8.3.4.2 Displayoptionsforthestructureofthebalancesheet(aggregation)
correspondingelement.
Fromthestructureofthebalancesheetchart'stoolbarintheresultsofyouranalysis,
clickonclickontheOptionslink.
Structureofthebalancesheetdisplayoptionsdialog
Therearefourcategoriesofdisplayoptionsforthiselement.
theGeneraltab.
General
Thegeneraldisplayoptionsallowyoutomodifytheelement'sname.
Year
Undertheyearstabyoumaychangetheyeartodisplayinthechart.Onlytheyears
selectedinstep2ofthewizardaredisplayed.
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Analyses
Note:Youmaymodifytheyeardirectlyfromthechartinyouranalysis
Currency
Underthecurrencytabyoumaymodifythecurrencyandunit.
Companies
yourselection.
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8.3.4.3 DisplayoptionsforthestructureoftheP&Laccount(aggregation)
correspondingelement.
FromthestructureoftheP&Laccounttoolbarintheresultsofyouranalysis,clickon
clickontheOptionslink.
StructureoftheP&Laccountdisplayoptionsdialog
Therearefourcategoriesofdisplayoptionsforthiselement.
theGeneraltab.
General
Thegeneraldisplayoptionsallowyoutomodifytheelement'sname.
Year
Undertheyearstabyoumaychangetheyeartodisplayinthechart.Onlytheyears
selectedinstep2ofthewizardaredisplayed.
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Analyses
Note:Youmaymodifytheyeardirectlyfromthechartinyouranalysis
Currency
Underthecurrencytabyoumaymodifythecurrencyandunit.
Companies
yourselection.
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8.3.4.4 Displayoptionsforabarchart(aggregation)
correspondingbarchart.
Fromthebarchart'stoolbarintheresultsofyouranalysis,clickonclickonthe
Optionslink.
Barchartdisplayoptionsdialog
theGeneraltab.
General
Thegeneraldisplayoptionsallowyoutomodifythebarchart'sname.
Variable
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Analyses
Youmayselectthevariablefromthetreelikestructureorsearchforanitemusingthe
searchfeature.
Note:Youmaymodifythevariabledirectlyfromthebarchartinyouranalysis.
Years
Undertheyearstabyoumaychangetheyeartodisplayinthebarchart.
Notes:
Youmaymodifytheyeardirectlyfromthebarchartinyouranalysis.
Modifyingtheyearsonlyappliestothebarchart youarecustomising.
Tomodifytheyearsofallelementsincludedinyouranalysis,gotostep2of
theaggregationwizard.
Currency
areexpressed.
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Companies
yourselection.
206
Analyses
8.3.4.5 Displayoptionfortheevolutionofseveralvariablesinindices(aggregation)
correspondingbarchart.
Fromtheevolutionofseveralvariablesinindiceschart'stoolbarintheresultsofyour
analysis,clickonclickontheOptionslink.
Evolutionofseveralvariablesinindice'sdisplayoptionsdialog
theGeneraltab.
General
Thegeneraldisplayoptionsallowyoutomodifythebarchart'sname.
Variables
Underthistabyoumaymodifythevariablesselectedfordisplayinthechart.Youmay
selectmaximumfivevariables.
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Youmayselectthevariablesfromthetreelikestructureorsearchforanitemusing
thesearchfeature.
Note:Youmaymodifythevariablesdirectlyfromthechartinyouranalysis.
Years
Notes:
Thebaseyearmaybemodifieddirectlyfromthechartinyouranalysis.
Modifyingtheyearsonlyappliestothechart youarecustomising.
Tomodifytheyearsofallelementsincludedinyouranalysis,gotostep2of
theaggregationwizard.
Currency
areexpressed.
208
Analyses
Companies
yourselection.
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8.4 Statisticaldistribution
Thestatisticaldistributionanalysisallowsyoutoanalysehowaspecificvariableisdistributed
inagroupofcompaniesselectedfromthelistofresults.
Theresultsoftheanalysisarepresentedinatabledisplayingsummarystatisticssuchasthe
median,theaverage,thestandarddeviation,etc.Theresultsmayalsobeillustratedwitha
distributionchart.
Note:youmayrunthisanalysisonmaximum500companies.
8.4.1 Accessingthedistributionanalysis
1. YoumayaccessthedistributionanalysisusingthesidemenufromOrbis'sHomepageor
ListpagebyexpandingtheStatisticaldistributionsubmenu:
2. Chooseoneofthefollowingoptions
Newanalysis
Selectthisoptiontobuildyourowncustomiseddistributionanalysis.Whenyouselect
thisoption,youaredisplayedwiththedistributionanalysiswizard.
Predefinedanalyses
distributionanalysesaccordingtothevariabledisplayedintheselectedoption.
Whenyouselectapredefinedanalysis,youbypassthedistributionwizardandare
immediatelydisplayedwiththeresultsofthedistributionanalysis.
Savedanalyses
Chooseoneofyourpreviouslysaveddistributionanalyses.Whenyouclickona
previouslysaveddistributionanalysis,youaredirectlypresentedwiththeresultsof
theanalysis.
210
Analyses
Notes:
Ifyoudonotselectcompaniesfromthelistbeforeaccessingthedistributionanalysis,
analysis.
distributionanalysis.
8.4.2 Distributionwizard
8.4.2.1 Overview
Aswiththeotheravailableanalyses,thedistributionanalysishasabuiltwizardallowingyou
Thedistributionanalysiswizardiscomposedofthreedistinctsteps:
1. Step1:selectthefinancialvariableyouwouldliketoanalyse.
2. Step2:selecttheyearofaccountingdatayouwishtoconsider.
3. Step3:selecttheelements(tablesandcharts)toincludeinthedistributionanalysis
results.
Icon/Link
Function
Previous
Next
Gototheresultsofthedistributionanalysis.
allowsyoutoviewtheresultsofthedistributionanalysisandisonlyactiveifeachstepofthe
wizardhasbeencompleted.
8.4.2.3 Loading/saving/modifying/deletingadistributionanalysis
8.4.2.3.1 Savingyourdistributionanalysis
Icon
Function
Savetheanalysistoalocalornetworkdrive(.disextensionfile)
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Predefinedanalyses:
wishtoloadandview.
wishtoloadandview.
fromdiskandbrowsefortherelevantfilewhereyousaved(with.disextension).
thesidemenu.SeeAccessingthedistributionanalysisformoredetails.
predefinedanalysis.
corresponding .
8.4.2.4 Distributionwizard:Step1
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Analyses
8.4.2.4.1 Overview
Uponcreatinganewdistributionanalysis,youarepresentedwiththefirststepofthe
distributionwizard.Thisfirststepallowsyoutoselectthevariableyouwishtoconsiderforthe
analysis.
Step1dialog
1. Ontheleftpane,arelistedallthefinancialitemsyoumayselectfortheanalysis.To
selectavariable,either:
Usethetreelikestructureandclickonthefinancialitemyouwishtoselect.
charactersentered.
2. TheselectedvariableisdisplayedunderYourselection.
Note:
Althoughyoumayonlyselectonevariablefromthewizard,theresultsofthe
distributionanalysismayincludeseveraltablesorcharts,eachdisplayingadifferent
variable.Formoredetails,seeWorkingwiththeresultsofadistributionanalysis.
Ifyouaremodifyingananalysisthatalreadyhassomeelementsincluded,thevariable
thatyouselectinthisstepwillnotmodifythevariableusedintheelementsthathave
alreadybeenincluded.Changingthevariablehereonlydeterminesthevariablethat
willbeusedinelementsthatyouaddsubsequently.
8.4.2.5.1 Overview
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OrbisUserGuide
Thesecondstepofthewizardallowsyoutoselecttheyearofaccountingdatayouwishto
consider.
Step2dialog
theOptionsbox.
3. ClickonNexttomovetothenextstepofthewizard
Notes:
Althoughyoumayonlyselectoneyearfromthewizard,theresultsofthedistribution
analysismayincludeseveraltablesorcharts,eachdisplayingvaluesforadifferent
year.Formoredetails,seeWorkingwiththeresultsofadistributionanalysis.
Ifyouaremodifyingananalysisthatalreadyhassomeelementsincluded,theyear
thatyouselectinthisstepwillnotmodifytheyearusedintheelementsthathave
alreadybeenincluded.Changingtheyearhereonlydeterminestheyearthatwillbe
Tochangetheyearofanelementmodifytheelement'sdisplayoptions.
8.4.2.6.1 Overview
Thethirdandfinalstepofthedistributionwizardallowsyoutoselecttheelementsyouwishto
includeintheresultsofthedistributionanalysis.
Step3dialog
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Analyses
Thetwotypesofelements,listedunderOptions,thatyoumayincludeare:
Table
Distributionchart.
selections.
wizard.Youmaymodifyboththeyearandvariableaswellfurthercustomisethedisplay
ofeachelementbyclickingonthecorrespondingDisplayoptionslink
Displayoptionsforadistributiontable
Displayoptionsforadistributionchart
5. ClickontheFinishbuttontogenerateandviewtheresultsofthedistributionanalysis.
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8.4.3 Workingwiththeresultsofadistributionanalysis
8.4.3.1 Overview
analysiswiththedistributionwizard,theresultsoftheanalysisaredisplayed.
Distributionanalysisresultspage
Thedistributionanalysisiscomposedofelementsthatcanbeoftwodifferenttypes:
Thedistributiontable
Thedistributionchart
samesetofdata.
Forexampleyoumayincludetwotablesanalysingthedistributionoftwodifferentvariables
amongonesamegroupofcompaniesortwotablesanalysingthedistributionofonevariable
amongtwodifferentgroupsofcompaniesoronesamegroupofcompaniesfortwodifferent
years.
216
Analyses
analysis:
Icon
Function
Addorremoveelements(tablesorgraphs)fromthedistributionanalysis
Exporttheresultsofthedistributionanalysistoanexternaldocumentofa
specifiedformat(ExcelorPDF)
Exportandsendtheresultsofthedistributionanalysisbyemailtoa
selectionofrecipients
Printouttheresultsofthedistributionanalysis.
Notes:
Youmaymodifythesettingsdefinedatanystepofthedistributionwizardbyclicking
onthestepnumberfromtheiconsdisplayedatthetopleftofthedistributionanalysis.
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8.4.3.3 Distributiontable
8.4.3.3.1 Overview
Thedistributiontabledisplays:
Allthecompaniesforwhichtheselectedvariableisavailablefortheselectedyear
Theyeartowhichthevalueofthevariablecorresponds
Thequartileinwhicheachcompanyisincluded
Thedecileinwhicheachcompanyisincluded
Thevalueofthevariableforeachcompany
Therankofeachcompany.
Distributiontable
Themedian,standarddeviationandaveragearealsodisplayedwithinthetable.
Underneaththetablearedisplayedthevalueofthelimitsofeachquartileanddecile.
8.4.3.3.2 Workingwithadistributiontable
Youmaysortthetableaccordingtotwocolumns:
Thevalueoftheselectedvariable(default)
Thecompanyname
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Analyses
Tosortthetableaccordingtoacolumns,clickon
ascendingsort :indicatesadescending)
withinthecolumnheader( :indicatesan
8.4.3.3.2.2 Workingwiththecolumns
Youmaymodifythewidthofeachcolumnbyclickingontheborderofacolumnand
Youmaydeleteacolumnbyclickingonthe
remove.
intheheaderofthecolumnyouwishto
Note:youmayreincludeadeletedcolumnfromthetable'sgeneraldisplayoptions.
8.4.3.3.2.3 Removingacompanyfromthetable
Toremoveacompanyfromthedistributiontable,clickonthe correspondingtothe
companyyouwishtoremove.Youmayreincludethedeletedcompaniesfromthetable's
displayoptions.
Note:youmayalsodeletealinecorrespondingtoasummarystatisticsuchasthe
averageorthestandarddeviationinthesameway.Youmayreincludetheselinesfromthe
table'sgeneraldisplayoptions.
8.4.3.3.3 Distributiontabletoolbar
Icon/link
Options
Function
).
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8.4.3.4 Distributionchart
8.4.3.4.1 Overview
Thedistributionchartdisplaysagraphicalrepresentationofthedistributionofavariable
withinagroupofcompaniesforaspecificyearandallowsyoutopositionacompanywithin
thisdistribution.
Distributionchart
Eachcylinderrepresentsaquartile.Theheightofeachcylinderisdeterminedbydifference
betweenthehigherandlowerlimitofeachquartile.
Thebluehorizontallinerepresentsthepositionwithinthedistributionofthecompanyselected
intheleftmenu(seebelowformoredetails).
Underneaththetablearedisplayedtherelativeinterquartileinterval,thenumberof
observations,thestandarddeviationandthenameofthecompanycurrentlypositionedinthe
chart.
8.4.3.4.2 Workingwithadistributionchart
Eachcompanyincludedintheanalysismaybeplottedinthedistributionchartbyselectinga
companynamefromthemenudisplayedtotheleftofthechart.
Withinthechartahorizontallineisdisplayedallowingyoutoseehowthecompanyis
positionedinthedistribution.Thenameoftheselectedcompanyisdisplayedinthelegend
underneaththechart.
Fromtheleftmenuyoumaymodifythevariableonwhichthedistributionisbasedbyclicking
onthenameofvariable.Youmayonlyselectavariablethathasbeenpreviouslyincludedina
distributiontable.
220
Analyses
TheleftmenuincludesadropdownmenulabelledAvailableyearsallowingtochangethe
yearonwhichthechartisbased.Youmayonlyselectayearthathasbeenpreviouslyselected
inadistributiontable.
Note:youmayalsochangetheyearfromthechart'sdisplayoptions.
8.4.3.4.2.4 Including/removingthefirstandlastdeciles
Duetothefactthatthesetonwhichtheanalysisisbasedmightcontainextremevaluesand
thereforeskewyouranalysis,anoptiontoremovethefirstandlastdecilesisavailable.
DeactivatetheoptionIncludethefirstandlastdecilestoremovetheseextremevalues.
Whenyouremovetheseextremevalues,thefirstandlastquartilecontainrespectively15%
(=25%10%)oftheobservations.
Note:youmayalsoremovethesedecilesfromthechart'sdisplayoptions.
8.4.3.4.3 Distributioncharttoolbar
Icon/link
Options
Function
).
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8.4.4.1 Displayoptionsforadistributiontable
Gotostep3ofthedistributionwizardandclickonthelinkDisplayoptionsfromthe
correspondingtable.
link.
Distributiontabledisplayoptionsdialog
Therearefivecategoriesofdisplayoptionsforthedistributiontable,eachrepresentedbya
tab.Youmaynavigatefromonecategorytoanotherusingthetabs.Bydefaultyoupresented
withtheGeneraltab.
General
distributionparametersyouwishtodisplayinthelinesandcolumns.
222
Name:
typinginanewname.
Analyses
Lines:
Bydefaultthemedian,standarddeviationandaveragearealldisplayedat
thetopofthetable.
Activate/deactivatethecheckbox(es)correspondingtotheparameter(s)
youwishtoinclude/removefromthetable.
Columns:
Bydefaultthetableincludescolumnsdisplayingtheyear,thequartile,
decileandrankofeachcompany.
Activate/deactivatethecheckbox(es)correspondingtothecolumn(s)you
wishtoinclude/removefromthetable.
Variable
Underthistabyoumaymodifythevariableselectedinthedistributiontable.
UnderYourpossibilities,arelistedallthefinancialitemsyoumayselectforthe
analysis.
Toselectadifferentvariable,either:
charactersentered.
Notes:
Ifyouhaveothertablesincludedintheresultsofthedistributionanalysis,your
changeswillnotmodifythevariableselectedfortheothertables.
Ifyouhaveoneormorechartsincludedinyouranalysisbasedontheinitial
variableandthetableyouarecustomisingistheonlytablewiththisinitial
variable,yourchangeswillmodifythevariableforthosechartsaswell.
Year
Undertheyeartabyoumaychangetheyearonwhichthetableisbased.
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1. ChooseRelativeyearsorAbsoluteyearsbyusingthetabsdisplayedacrossthe
topoftheOptionsbox.
2. FromtheOptionsbox,selecttheradiobuttoncorrespondingtotheyearyou
wishtoconsiderforyouranalysis.
Notes:
Ifyouhaveothertablesincludedintheresultsofthedistributionanalysis,your
changeswillnotmodifytheyearselectedfortheothertables.
Ifyouhaveoneormorechartsincludedinyouranalysisbasedontheinitialyear
andthetableyouarecustomisingistheonlytablewiththisinitialyear,your
changeswillmodifytheyearused forthosechartsaswell.
Currency
areexpressed.
Companies
companylist.
224
Analyses
8.4.4.2 Displayoptionsforadistributionchart
Gotostep3ofthedistributionwizardandclickonthelinkDisplayoptionsfromthe
correspondingchart.
Fromthechart'stoolbarintheresultsofyouranalysis,clickonclickontheOptions
link.
Distributionchartdisplayoptionsdialog
Therearefivecategoriesofdisplayoptionsforthedistributionchart,eachrepresentedbya
withtheGeneraltab.
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General
Name:
bytypinginanewname.
thechart
Note:thismodificationcanbedirectlymadefromthechart'ssidemenu.
Variable
Underthistabyoumaymodifythevariableselectedinthedistributionchart.
Onlytheitemscurrentlyincludedinatableareavailable.
Toaddavariablenotincludedinthelist,youmusteithermodifyanexistingtablewith
thevariableyoudesiretodisplayinthechartorcreateanewtablewiththedesired
variable.
Notes:
Ifyouhaveotherchartsincludedintheresultsofthedistributionanalysis,
yourchangeswillnotmodifythevariableselectedfortheothercharts.
Thevariablemaybemodifieddirectlyfromthechart'ssidemenu.
226
Analyses
Year
Undertheyeartabyoumaychangetheyearonwhichthechartisbased.
topoftheOptionsbox.
Note:
Ifyouhaveotherchartsincludedintheresultsofthedistributionanalysis,
yourchangeswillnotmodifytheyearselectedfortheothercharts.
Ifyouhaveonlyincludedonetableinyouranalysisorhaveselectedthesame
yearinseveraltables,youcannotchangetheyear.
Ifyouhavetwoormoreconcentrationtablesincludedinyouranalysisfor
whichyouhaveselecteddifferentyears,thesedifferentyearsarelistedinthe
leftframe.
Theyearmaybemodifieddirectlyfromthechart'ssidemenu.
Currency
areexpressed.
Companies
Underthistabarelistedallthecompaniesthatwereselectedfromthelistofresults
forinclusionintheanalysis.
Youmayexcludeorreincludecompaniesfromtheanalysisbydeactivating/activating
thecorrespondingcheckbox(es).
companylist.
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8.5 Concentrationanalysis
Theconcentrationanalysisenablesyoutodeterminetheshare(orweight)ofanyadditive
financialvariableforeachcompanyincludedinagroupofcompaniesselectedfromthelistof
results.
Theresultsoftheanalysismaybeviewedinatabularformaswellasillustratedwiththe
followingtypesofgraphs:
Piechart
Lorenzcurve
Note:Theanalysismaybeperformedonagroupofcompaniesrangingfrom2to500.
228
Analyses
8.5.1 Accessingtheconcentrationanalyses
1. YoumayaccesstheconcentrationanalysisusingthesidemenufromOrbis'sHomepage
orListpagebyexpandingtheConcentrationanalysissubmenu:
Newanalysis
Selectthisoptiontobuildyourowncustomisedconcentrationanalysis.Whenyou
selectthisoption,youaredisplayedwiththeconcentrationanalysiswizard.
Predefinedanalyses
concentrationanalysisaccordingtothevariabledisplayedintheselectedoption.
Whenyouselectapredefinedanalysis,youbypasstheconcentrationwizardandare
immediatelydisplayedwiththeresultsoftheconcentrationanalysis.
Savedanalyses
Chooseoneofyourpreviouslysavedconcentrationanalyses.Whenyouclickona
previouslysavedconcentrationanalysis,youaredirectlypresentedwiththeresultsof
theanalysis.
Notes:
Ifyoudonotselectcompaniesfromthelistbeforeaccessingtheconcentration
analysis,allcompaniesincludedinyourresultsareconsideredfortheanalysis.
analysis.
concentrationanalysis.
Tip:Ifyouwishtorunaconcentrationanalysisthatcloselyresemblesonethatalready
exists(savedorpredefined),select thatanalysisand thencustomiseitbyaddingor
removingelements,modifyingthevariable,yearorthedisplayoptionsofthedifferent
elementsincludedintheanalysis.
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8.5.2 Concentrationwizard
8.5.2.1 Overview
Aswiththeotheravailableanalyses,theconcentrationanalysishasabuiltwizardallowingyou
Theconcentrationanalysiswizardiscomposedofthreedistinctsteps:
1. Step1:selectthefinancialvariableyouwouldliketoanalyse.
3. Step3:selecttheelements(tablesandcharts)toincludeintheconcentrationanalysis
results.
Icon/Link
Function
Previous
Next
Gototheresultsoftheconcentrationanalysis.
allowsyoutoviewtheresultsoftheconcentrationanalysisandisonlyactiveifeachstepof
thewizardhasbeencompleted.
8.5.2.3 Loading/saving/modifying/deletingaconcentrationanalysis
8.5.2.3.1 Savingyourconcentrationanalysis
Icon
Function
Savetheanalysistoalocalornetworkdrive
(.concfileextension)
230
Predefinedanalyses:
wishtoloadandview.
Analyses
wishtoloadandview.
fromdiskandbrowsefortherelevantfilewhereyousaved(with.concextension).
thesidemenu.SeeAccessingtheconcentrationanalysisformoredetails.
predefinedanalysis.
corresponding .
8.5.2.4 Concentrationwizard:step1
8.5.2.4.1 Overview
Uponcreatinganewconcentrationanalysis,youarepresentedwiththefirststepofthe
concentrationwizard.Thisfirststepallowsyoutoselectthevariableyouwishtoconsiderfor
theanalysis.
Step1dialog
1. Intheleftpane,arelistedallthefinancialitemsyoumayselectfortheanalysis.To
selectavariable,either:
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OrbisUserGuide
charactersentered.
2. TheselectedvariableisdisplayedunderYourselection.
Note:
Althoughyoumayonlyselectonevariablefromthewizard,theresultsofthe
concentrationanalysismayincludeseveraltablesorcharts,eachdisplayingadifferent
variable.Formoredetails,seeWorkingwiththeresultsofaconcentrationanalysis.
Ifyouaremodifyingananalysisthatalreadyhassomeelementsincluded,thevariable
thatyouselectinthisstepwillnotmodifythevariableusedintheelementsthathave
alreadybeenincluded.Changingthevariablehereonlydeterminesthevariablethat
willbeusedinelementsthatyouaddsubsequently.
8.5.2.5.1 Overview
consider.
Step2dialog
theOptionsbox.
232
Analyses
Notes:
Althoughyoumayonlyselectoneyearfromthewizard,theresultsofthe
concentrationanalysismayincludeseveraltablesorcharts,eachdisplayingvaluesfor
adifferentyear.Formoredetails,seeWorkingwiththeresultsofaconcentration
analysis.
8.5.2.6.1 Overview
Thethirdandfinalstepoftheconcentrationwizardallowsyoutoselecttheelementsyouwish
toincludeintheresultsoftheconcentrationanalysis.
Step3dialog
Thethreetypesofelements,listedunderOptions,thatyoumayincludeare:
Table
Piechart
Lorenzcurve
selections.
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5. ClickontheFinishbuttontogenerateandviewtheresultsoftheconcentrationanalysis.
8.5.3 Workingwiththeresultsofaconcentrationanalysis
8.5.3.1 Overview
analysiswiththeconcentrationwizard,theresultsoftheanalysisaredisplayed.
Theconcentrationanalysisiscomposedofelementsthatcanbeofthreedifferenttypes:
Concentrationtable
Piechart
Lorenzcurve
samesetofdata.
Forexampleyoumayincludetwotablesanalysingtheconcentrationoftwodifferentvariables
amongonesamegroupofcompaniesortwotablesanalysingtheconcentrationofonevariable
years.
Thefollowingiconsareavailableinthetoolbardisplayedatthetoptheresultsoftheanalysis
:
Icon
Function
ModifythesettingsdefinedatanystepoftheConcentrationwizardby
clickingonthecorrespondingstepnumber
Addorremoveelements(tablesorgraphs)fromtheconcentration
analysis
Exporttheresultsoftheconcentrationanalysistoanexternal
documentofaspecifiedformat(ExcelorPDF)
Exportandsendtheresultsoftheconcentrationanalysisbyemailtoa
Printouttheresultsoftheconcentrationanalysis.
Notes:
234
Analyses
8.5.3.3 Concentrationtable
8.5.3.3.1 Overview
Theconcentrationtableincludesthefollowingdataitems:
Allthecompaniesforwhichtheselectedvariableisavailablefortheselectedyear.
Note:clickonacompanynametodisplaythecompany'sreportinanewwindow.
Thevalueoftheselectedvariable.
Thecumulativevalueoftheselectedvariable,i.e.thesumofallthevaluesofthe
variabletillthatpoint:
Ifxn isthevalueofthevariableyouselectedforthenth companyinyourgroup,the
valueofthecumulativevariablecorrespondingtothatnthobservation(Xn)isgivenby
thefollowingexpression:
Theshareorconcentrationofthecompanyintermsoftheselectedvariableinside
thegroupofcompaniesexpressedin%.
Theconcentrationisobtainedbydividingthevalueofthevariableforacompanyby
thesumofthevaluesofthevariableforthewholegroup.Fromtheequationabove,
foracompanyi,itsconcentrationvalueisgivenbythefollowingexpression:
Thecumulativeconcentrationofthevariable,i.e.thesumofalltheconcentration
tillthatpoint.
Foracompanyn,thisvariable(C)isgivenbythefollowingexpression:
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OrbisUserGuide
Concentrationtable
Thedataissortedaccordingtheselectedvariableinadescendingway.Thiscannotbe
changed.
Bydefault,onlypositivevaluesofthevariablearetakenintoaccountfortheanalysis.Ifthe
variablecantakenegativevalues,youcanchosetoexecutetheconcentrationanalysison
negativevaluesonlybyclickingontheappropriateradiobuttonatthetopoftheconcentration
analysis.
8.5.3.3.2 Workingwithaconcentrationtable
Toremoveacompanyfromtheconcentrationtable,clickonthe correspondingtothe
displayoptions.
8.5.3.3.3 Concentrationtabletoolbar
Icon/link
Options
Function
).
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Analyses
8.5.3.4 Piechart(concentration)
8.5.3.4.1 Overview
Thepiechartallowsyoutoillustratethebreakdownofanadditivevariableacrossthegroupof
companiesforaspecificyear.
Piechart
The360circlerepresentsthesumofthevariablefortheyearselectedfromtheleftmenu
acrossthecompaniesincludedintheanalysis.Eachsegmentrepresentstheshareofa
companyintermsofthisvariableacrossthegroupofcompanies.
Example:iftheaggregatedvalueofvariableNis360000USDandthevalueofvariableNfor
companyAis36000USD,thentheangleoftheslicerepresentingcompanyAis36[=(36
000/360000)x360].
Bydefault,thefourcompanieswiththelargestvaluefortheselectedvariablefortheselected
yearareplottedonthechart.Thefifthslicerepresentstheaggregatedvalueoftherestofthe
group.
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8.5.3.4.2.1 Changingthecompaniesplottedonthechart
Youmaychangethecompaniesplottedonthechartfromtheleftmenubydeactivatinga
checkboxcorrespondingtoacompanyalreadyincludedandactivatingthecheckboxof
thecompanyyouwishtoinclude.
Toaddoneormorecompaniestothechartwithouthavingtoremoveacompany,you
firstneedtochangethenumberofslicesthechartcontainsfromthedisplayoptions(see
below).
Ifyouhavetwoormoreconcentrationtablesincludedinyouranalysisforwhichyouhave
selecteddifferentvariables,thesedifferentvariablearealllistedunderSelectavariable
intheleftmenu.Tochangethevariable,clickontheradiobuttoncorrespondingtothe
variableyouwishtorepresent.
Ifyouhaveonlyincludedonetableinyouranalysisorhaveselectedthesamevariablein
severaltables,youcannotchangethevariableillustrated.
selecteddifferentyears,thesedifferentyearsarelistedinthedropdownmenu
Availableyearsintheleftmenu.Tochangetheyear,expandthemenuandselectthe
yearyouwishtoconsider.
Ifyouhaveonlyincludedonetableinyouranalysisorhaveselectedthesameyearin
severaltables,youcannotchangetheyear.
8.5.3.4.2.4 Modifyingthedisplayoptions
Fromtheleftmenuyoumaymodifyhowthepiechartisdisplayedaccordingtothree
criteria:
Angle:
Thisoptionallowsyoutorotatethepiechartaroundtheaxispassingthroughthe
centerofthecircleandperpendiculartothesurfaceinaclockwisefashion.The
firstslicestartsattheanglesetusingthecombobox.At0thefirstslice'sleft
borderstartsatthetopofthepiechart.Movethefirstslicetotherightby
increasingthevalues(0to180).Decreasetothevalues(from0to180)to
movethefirstslicetotheleft.
Tilt:
Thisoptionallowsyoutorotatethepiechartalongitshorizontalaxis.At0the
piechartisflat.At70thepiechartisslantedtoitsmaximum.
Numberofslices:
Thisoptionallowsyoutoselectthemaximumnumberofslices(companies)that
thepiechartmaycontain.Increasethenumberofslicestoaddmorecompanies
tothechart.
plotinonesamepiechartbothnegativeandpositivevalues,anoptionallowingyouto
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Analyses
Show.
Icon/link
Options
Function
).
Notes:
8.5.3.5 Lorenzcurve(concentration)
8.5.3.5.1 Overview
TheLorenzcurveallowsyoutoillustratetheanalysiswithachartmeasuringtheconcentration
ofaselectedvariablewithinthegroupofcompaniesandpositioningacompanyonthecurve
(representedwithaorangesegmentontheLorenzcurveitself).
Lorenzcurve
AllthecompaniesincludedintheanalysisarepositionedintheXaxis.Theorderinwhichthe
companiesareplottedisdeterminedbytheirpositioninthedistributionofthevariablethatis
selected.If,forexample,thegroupiscomposedof20companies,thefirst5%oftheaxis
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OrbisUserGuide
representsthecompanywithhighestvaluefortheselectedvariable.Thefollowing5%ofthe
axisrepresentsthecompanywiththesecondhighestfigureofthegroupandsoon.
TheYaxisrepresentsthevalueoftheselectedvariableinpercentageofthetotalofthe
group.
Thedashedlinerepresentsasituationofperfectequalityintermsofconcentrationofthe
variableacrossthegroup(itshowsasituationwherethetopX%ofthecompaniesrepresent
X%ofthetotalofthegroup).
TheLorenzcurveisthebluearcjoiningthepoints[00]and[100100].ThemoretheLorenz
curvedeviatesfromthedashedline,themorethevariableisconcentratedinsmallnumberof
companies.ForexampleiftheLorenzcurvepassesbythepoint[1040],thisindicatesthe
10%ofthecompaniesaccountfor40%ofthevalueofthegroup.
TheGinicoefficientisalsogivenunderthetable.TheGinicoefficientistheratioofthearea
betweentheLorenzcurveandthe45degreelineandtheareaunderneaththe45degree
line.Thecoefficientisalwayscomprisedbetween0and1:thecloseritisto1,themorea
variableisconcentratedinasmallgroupofcompanies.
8.5.3.5.2 WorkingwithaLorenzcurve
8.5.3.5.2.1 Displayingthepositionofacompany
TheLorenzcurveenablesyoutopositionacompanyonthecurve.Thenameofthe
companycurrentlyplottedisdisplayedinthelegendunderneaththechartandis
representedontheLorenzcurvewithanorangesegment.
Tochangethecompanyselecttheradiobuttoncorrespondingtothecompanynameyou
wishtopositionfromtheleftmenu.
selecteddifferentvariables,thesedifferentvariablearealllistedunderSelectavariable
intheleftmenu.Tochangethevariable,clickontheradiobuttoncorrespondingtothe
variableyouwishtorepresent.
Ifyouhaveonlyincludedonetableinyouranalysisorhaveselectedthesamevariablein
severaltables,youcannotchangethevariableillustrated.
selecteddifferentyears,thesedifferentyearsarelistedinthedropdownmenu
Availableyearsintheleftmenu.Tochangetheyear,expandthemenuandselectthe
yearyouwishtoconsider.
Ifyouhaveonlyincludedonetableinyouranalysisorhaveselectedthesameyearin
severaltables,youcannotchangetheyear
plot,inonesamechartbothnegativeandpositivevalues,anoptionallowingyouto
Show.
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Analyses
8.5.3.5.3 Lorenzcurvetoolbar
TheiconsandlinksdisplayedintheLorenzcurve'stoolbararedefinedhereunder:
Icon/link
Options
Function
ChangethedisplayoptionsoftheLorenzcurve.
Hide(collapse)thechart(Redisplaytheelementbyclickingon
).
MaximiseandopentheLorenzcurveinanewwindow.Youmayalsodoubleclick
Notes:
8.5.4.1 Displayoptionsforaconcentrationtable
Gotostep3oftheconcentrationwizardandclickonthelinkDisplayoptionsfrom
link.
Concentrationtabledisplayoptionsdialog
Therearefivecategoriesofdisplayoptionsfortheconcentrationtable,eachrepresentedbya
withtheGeneraltab.
General
Thegeneraldisplayoptionsallowyoutomodifythetable'snameandchoosetodisplay
companieswithpositiveornegativevaluesonly.
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Name:Thecurrentnameofthetableisdisplayedinthistextbox.Youmay
modifyitbytypinginanewname.
Positivevalues:selecttoincludecompanieswithpositivevaluesofthevariable
consideredintheanalysisonly.
Negativevalues:selecttoincludecompanieswithnegativevaluesofthe
variableconsideredintheanalysisonly.
Variable
Underthistabyoumaymodifythevariableselectedintheconcentrationtable.
UnderOptions,arelistedallthefinancialitemsyoumayselectfortheanalysis.
Toselectadifferentvariable,either:
charactersentered.
Notes:
Ifyouhaveothertablesincludedintheresultsoftheconcentrationanalysis,
yourchangeswillnotmodifythevariableselectedfortheothertables.
variableandthetableyouarecustomisingistheonlytablewiththisinitial
variable,yourchangeswillmodifythevariableforthosechartsaswell.
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Analyses
Year
Undertheyeartabyoumaychangetheyearonwhichthetableisbased.
topoftheOptionsbox.
Notes:
Ifyouhaveothertablesincludedintheresultsoftheconcentrationanalysis,
yourchangeswillnotmodifytheyearselectedfortheothertables.
Ifyouhaveoneormorechartsincludedinyouranalysisbasedontheinitialyear
andthetableyouarecustomisingistheonlytablewiththisinitialyear,your
changeswillmodifytheyearused forthosechartsaswell.
Currency
areexpressed.
Companies
companylist.
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8.5.4.2 Displayoptionsforapiechart(concentration)
Gotostep3oftheconcentrationanalysiswizardandclickonthelinkDisplay
optionsfromthecorrespondingpiechart
Piechartdisplayoptionsdialog
theGeneraltab.
General
244
Analyses
Name:
Angle:
totheleft.
Tilt:
maximum.
Numberofslices:
inyouranalysis.
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OrbisUserGuide
Variable
Ifyouhaveonlyincludedonetableinyouranalysisorhaveselectedthesamevariable
inseveraltables(asinexampleabove),youcannotchangethevariableillustrated.
Ifyouhavetwoormoreconcentrationtablesincludedinyouranalysisforwhichyou
haveselecteddifferentvariables,thesedifferentvariablearealllisted.Tochangethe
variable,clickontheradiobuttoncorrespondingtothevariableyouwishtorepresent.
Note:Youmaymodifythevariabledirectlyfromthepiechartinyouranalysis.
Year
topoftheOptionsbox.
Notes:
246
leftframe.
Youmaymodifytheyeardirectlyfromthepiechartinyouranalysis.
Analyses
Currency
areexpressed.
Companies
yourselection.
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OrbisUserGuide
8.5.4.3 DisplayoptionsforaLorenzcurve(concentration)
Gotostep3oftheconcentrationanalysiswizardandclickonthelinkDisplay
optionsfromthecorrespondingLorenzcurve
FromtheLorenzcurve'stoolbarintheresultsofyouranalysis,clickontheOptions
link
Lorenzcurvedisplayoptionsdialog
theGeneraltab.
General
248
Name:
bytypinginanewname.
Analyses
inyouranalysis.
Variable
Ifyouhaveonlyincludedonetableinyouranalysisorhaveselectedthesamevariable
inseveraltables(asinexampleabove),youcannotchangethevariableillustrated.
Ifyouhavetwoormoreconcentrationtablesincludedinyouranalysisforwhichyou
haveselecteddifferentvariables,thesedifferentvariablearealllisted.Tochangethe
variable,clickontheradiobuttoncorrespondingtothevariableyouwishtorepresent.
Note:YoumaymodifythevariabledirectlyfromtheLorenzchartinyouranalysis.
Year
topoftheOptionsbox.
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Notes:
leftframe.
YoumaymodifytheyeardirectlyfromtheLorenzcurveinyouranalysis.
Currency
areexpressed.
Companies
yourselection
250
Analyses
8.6 Linearregression
Linearregressionisaclassicalstatisticaltechniquethatisusedtodeterminetherelationship
betweentworandomvariablesbyplotting,inatwodimensionalgraph,alltheobservations
andconstructingaverticallinethatbestfitsthedata.
Agoodwaytounderstandhowusefulthistechniqueis,istotakeanexample.
Let'ssaythatthevariableXmeasurestheTurnoverandthatvariableYmeasurestheNumber
ofemployeesofagroupofcompanies.Intuitively,onemightlogicallyassumethatthesetwo
variablesshouldbecorrelatedpositively,i.e.,thelargertheturnoverthemoreemployeesone
companywillhave.
Thistechniquenotonlyallowsyoutoverifythisassumptionbutalsoallowsyoutomeasure
thecorrelationbetweenthevariables.
Formally,thelinearregressionpostulatesthat:
Yi =a+bXi +ei, (i=1,...,N)
where:
ei:issaidtobethe"residual"andisarandomlydistributedvariablefollowinga
normaldistributionwithazeromean.
Yi:issaidtobetheendogenousordependentvariable
Xi:issaidtobetheexogenousorindependentvariable
aandb: arethetwoparametersthatthemodelestimatesbyfittingalinethat
bestfitsthedata
Withacompanyset,youcanestimatethesetwoparametersbyusingtheLeastSquare
Estimation(LSE)methodwhichsimplyminimisesthesumofthesquaredresiduals.The
solutiontotheproblemgivesyouauniqueanswerforthevaluesofaandb.
Theresultsoftheanalysismaybeviewedinaregressiontableand/orinaregressionchart.
Note:Theanalysismaybeperformedonagroupofcompaniesrangingfrom2to500.
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8.6.1 AccessingtheLinearregressionanalysis
1. YoumayaccesstheLinearregressionanalysisusingthesidemenufromOrbis'sHome
pageorListpagebyexpandingtheLinearregressionsubmenu:
Newanalysis
Selectthisoptiontobuildyourowncustomisedregressionanalysis.Whenyouselect
thisoption,youaredisplayedwiththeregressionanalysiswizard.
Predefinedanalyses
Chooseoneofthepredefinedanalysesavailabletoaccesstheresultsoftheanalyses
accordingtothevariabledisplayedintheselectedoption.
Whenyouselectapredefinedanalysis,youbypasstheregressionwizardandare
immediatelydisplayedwiththeresultsoftheregressionanalysis.
Savedanalyses
Chooseoneofyourpreviouslysavedregressionanalyses.Whenyouclickona
previouslysavedanalysis,youaredirectlypresentedwiththeresultsoftheanalysis.
Notes:
Ifyoudonotselectcompaniesfromthelistbeforeaccessingtheregressionanalysis,
analysis.
regressionanalysis.
Tip:Ifyouwishtorunaregressionanalysisthatcloselyresemblesonethatalreadyexists
(savedorpredefined),select thatanalysisand thencustomiseitbyaddingorremoving
elements,modifyingthevariables,yearsorthedisplayoptionsofthedifferentelements
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Analyses
8.6.2 Linearregressionwizard
8.6.2.1 Overview
Aswiththeotheravailableanalyses,theregressionanalysishasabuiltwizardallowingyouto
easilyconstructandcustomiseyouranalysisusinganeasystepbystepprocedure.
Theregressionanalysiswizardiscomposedofthreedistinctsteps:
1. Step1:selectthefinancialvariablesyouwouldliketoanalyse.
3. Step3:selecttheelements(tablesandcharts)toincludeintheanalysisresults.
Icon/Link
Function
Previous
Next
Gototheresultsoftheanalysis.
allowsyoutoviewtheresultsoftheanalysisandisonlyactiveifeachstepofthewizardhas
beencompleted.
8.6.2.3 Loading/saving/modifying/deletingaregressionanalysis
8.6.2.3.1 Savingyourregressionanalysis
Icon
Function
Savetheanalysistoalocalornetworkdrive
(.linregfileextension)
Predefinedanalyses:
wishtoloadandview.
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OrbisUserGuide
wishtoloadandview.
fromdiskandbrowsefortherelevantfilewhereyousaved(with.linreg
extension).
thesidemenu.See'AccessingtheLinearregressionanalysis' formoredetails.
predefinedanalysis.
corresponding .
8.6.2.4 Linearregressionwizard:step1
8.6.2.4.1 Overview
Uponcreatinganewregressionanalysis,youarepresentedwiththefirststepofthe
regressionwizard.Thisfirststepallowsyoutoselectthetwovariablesyouwishtoconsider
fortheanalysis.
Step1dialog
254
Analyses
1. UsethetreelikestructurestofindandselecttheIndependentvariableandDependent
variableyouwishtoselect:
TheIndependentvariableisthevariableusedastheregressori.e.thevariable
"X"intherightoftheequation(alsoknownasthe'exogenous'variable).
TheDependentvariableisthevariableusedastheregressandi.ethevariable
"Y"ontheleftoftheequation(alsoknownasthe'endogenous'variable).
Youmayalsoclickonthe
icondisplayedintheupperrighthandcornerofeach
selectionareatoopenthetreeviewinapopupwindowfromwhereyoumayruna
searchtoeasilyfindthedesiredvariables.
2. TheselectedvariableisdisplayedunderYourselections.
Notes:Ifyouaremodifyingananalysisthatalreadyhassomeelementsincluded,the
variablethatyouselectinthisstepwillnotmodifythevariableusedintheelementsthathave
alreadybeenincluded.Changingthevariablehereonlydeterminesthevariablethatwillbe
usedinelementsthatyouaddsubsequently.
Tochangethevariableofanelementmodifytheelement'sdisplayoptions
8.6.2.5.1 Overview
considerforeachvariableselectedinstep1.
Step2dialog
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OrbisUserGuide
1. Foreachselectedvariable,chooseRelativeyearsorAbsoluteyearsbyusingthetabs
displayedacrossthetopofeachoftheOptionsbox.
considerforeachvariableincludedinyouranalysis.
Notes:
Selectingdifferentyearsforthetwovariablescanbeusefultodeterminethe
relationshipofvariablesatdifferenttimes(e.g.relationshipofturnoverattimeTand
numberofemployeesattimeT+1).
8.6.2.6.1 Overview
Thethirdandfinalstepoftheregressionwizardallowsyoutoselecttheelementsyouwishto
includeintheresultsoftheregressionanalysis.
Step3dialog
Thetwotypesofelements,listedunderOptions,thatyoumayincludeare:
Table
Regressionchart
256
Analyses
selections.
5. ClickontheFinishbuttontogenerateandviewtheresultsoftheregressionanalysis.
8.6.3 Workingwiththeresultsofalinearregression
8.6.3.1 Overview
analysiswiththeregressionwizard,theresultsoftheanalysisaredisplayed.
Theregressionanalysisiscomposedofelementsthatcanbeoftwodifferenttypes:
Linearregressiontable
Regressionchart
samesetofdata.
Forexampleyoumayincludetwotablesanalysingtherelationshipoftwodifferentvariables
amongonesamegroupofcompaniesortwotablesanalysingtherelationshipofonevariable
years.
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Thefollowingiconsareavailableinthetoolbardisplayedatthetoptheresultsoftheanalysis
:
Icon
Function
ModifythesettingsdefinedatanystepoftheRegressionwizardby
clickingonthecorrespondingstepnumber
Addorremoveelements(tablesorgraphs)fromtheregression
analysis
Exporttheresultsoftheregressionanalysistoanexternaldocument
ofaspecifiedformat(ExcelorPDF)
Exportandsendtheresultsoftheregressionanalysisbyemailtoa
Printouttheresultsoftheregressionanalysis.
Notes:
8.6.3.3 Linearregressiontable
8.6.3.3.1 Overview
Theregressiontabledisplays:
Theestimatedequation(Y=aX+b)andthecorrelationcoefficient.
Allthecompaniesforwhichtheselectedvariablesareavailablefortheselectedyears.
Note:clickonacompanynametodisplaythecompany'sreportinanewwindow.
Themedian,standarddeviationandaverageoftheindependentvariableand
dependentvariable.
Thevaluesoftheindependentvariable.
Theobservedvalues(realvalues)ofthedependentvariable
Thevalueofthedependentvariablecalculatedbytheequation(fittedvalue). The
differencebetweenthecalculatedandrealvalueistheerror.Thesumoftheallthe
errorsarealwaysequaltozero.
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Analyses
Regressiontable
8.6.3.3.2 Workingwitharegressiontable
Youmaysortthetableaccordingtoanyofthethreecolumns:
Thevalueoftheindependentvariable(default)
Therealvalueofthedependentvariable
Thecalculatedvalueofthedependentvariable
Tosortthetableaccordingtoacolumn,clickon
anascendingsort :indicatesadescending)
withinthecolumnheader( :indicates
8.6.3.3.2.3 Swappingthedependentandindependentvariable
Toswapthedependentandindependentvariableclickonthe
leftcornerofthetable
icondisplayedatthetop
Toremoveacompanyfromtheregressiontable,clickonthe correspondingtothe
displayoptions.
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OrbisUserGuide
Note:youmayalsodeletealinecorrespondingtoasummarystatisticsuchasthe
averageorthestandarddeviationinthesameway.Youmayreincludetheselinesfrom
thetable'sgeneraldisplayoptions.
8.6.3.3.3 Regressiontabletoolbar
Icon/link
Options
Function
).
8.6.3.4 Regressionchart
8.6.3.4.1 Overview
Theregressionchartplotsonatwodimensionalgrapheachobservation(company)andthe
regressionline.
Regressionchart
TheYaxisplotsthevaluesofthedependentvariable.TheXaxisplotsthevaluesof
theindependentvariable.
Eachdotrepresentsandobservation(company).Theorangedotrepresentsthe
companyselectedintheleftmenu(seebelowformoredetails).
Thebluelinerepresenttheregressionline.
Underneaththetablearedisplayedtheestimatedequation(Y=aX+b),thecorrelation
coefficientandthenameofthecompanycurrentlypositionedinthechart.
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Analyses
8.6.3.4.2 Workingwitharegressionchart
Eachcompanyincludedintheanalysismaybeplottedintheregressionchartbyselecting
acompanynamefromthemenudisplayedtotheleftofthechartorclickingonadot
withinthechart.
Withinthechart,thecompanyisrepresentedwithanorangedot.Thenameofthe
selectedcompanyisdisplayedinthelegendunderneaththechart.
8.6.3.4.2.2 Including/removingthemedian,standarddeviationand/oraverage
Activate/deactivatethecheckboxcorrespondingtotheparameteryouwishtoshow/hide
inthegraph.
8.6.3.4.3 Regression charttoolbar
Icon/link
Options
Function
).
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OrbisUserGuide
8.6.4.1 Displayoptionforaregressiontable
Gotostep3oftheregressionwizardandclickonthelinkDisplayoptionsfromthe
correspondingtable.
link.
Regressiontabledisplayoptionsdialog
Therearefivecategoriesofdisplayoptionsfortheregressiontable,eachrepresentedbya
withtheGeneraltab.
General
parametersyouwishtodisplay.
262
Name:
typinginanewname.
Analyses
topofthetable.
Activate/deactivatethecheckbox(es)correspondingtotheparameter(s)you
Variables
Underthistabyoumaymodifythevariablesselectedintheregressiontable.
UnderOptionarelistedallthefinancialitemsyoumayselectfortheanalysis.
UsethetreelikestructurestofindandselecttheIndependentvariableandDependent
variableyouwishtoselect:
TheIndependentvariableisthevariableusedastheregressori.e.thevariable
"X"intherightoftheequation(alsoknownasthe'exogenous'variable).
TheDependentvariableisthevariableusedastheregressandi.ethevariable
"Y"ontheleftoftheequation(alsoknownasthe'endogenous'variable).
Youmayalsoclickonthe
icondisplayedintheupperrighthandcornerofeach
selectionareatoopenthetreeviewinapopupwindowfromwhereyoumayruna
searchtoeasilyfindthedesiredvariables.
Notes:
Ifyouhaveothertablesincludedintheresultsoftheregressionanalysis,your
changeswillnotmodifythevariableselectedfortheothertables.
Ifyouhaveoneormoreregressionchartsincludedinyouranalysisbasedonthe
initialvariablesandthetableyouarecustomisingistheonlytablewiththese
initialvariables,yourchangeswillmodifythevariablesforthosechartsaswell.
Years
Undertheyearstabyoumaychangetheyearofaccountingdatayouwishtoconsider
foreachvariableselectedinthetable.
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1. Foreachselectedvariable,chooseRelativeyearsorAbsoluteyearsbyusingthe
tabsdisplayedacrossthetopofeachoftheOptionsbox.
wishtoconsiderforeachvariableincludedinyouranalysis.
Notes:
yearsandthetableyouarecustomisingistheonlytablewiththeseinitialyears,
yourchangeswillmodifytheyearsused forthosechartsaswell.
Currency
areexpressed.
Companies
companylist.
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Analyses
8.6.4.2 Displayoptionsforaregressionchart
Gotostep3oftheregressionwizardandclickonthelinkDisplayoptionsfromthe
correspondingtable.
Fromtheregressionchart's toolbarintheresultsofyouranalysis,clickonclickonthe
Optionslink.
Regressionchartdisplayoptionsdialog
Therearefivecategoriesofdisplayoptionsfortheregressionchart,eachrepresentedbya
withtheGeneraltab.
General
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OrbisUserGuide
parametersyouwishtodisplay.
Name:
Thecurrentnameofthechartisdisplayedinthistextbox.Youmaymodifyitby
typinginanewname.
Bydefaultthemedian,standarddeviationandaveragearenotincludedinthe
chart.
Activate/deactivatethecheckbox(es)correspondingtotheparameter(s)you
Variables
Underthistabyoumaymodifythevariablesselectedintheregressiontable.
dependentandindependentvariablesinseveraltables(asinexampleabove),you
cannotchangethevariablesillustrated.
Ifyouhavetwoormoreregressiontablesincludedinyouranalysisforwhichyouhave
selecteddifferentdependentandindependentvariables,thesedifferentvariableareall
listed.Tochangethevariable,clickontheradiobuttoncorrespondingtothevariable
youwishtorepresent.
Notes:
Ifyouhaveotherchartsincludedintheresultsoftheregressionanalysis,your
changeswillnotmodifythevariableselectedfortheothercharts.
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Analyses
Years
Undertheyearstabyoumaychangetheyearofaccountingdatayouwishtoconsider
foreachvariableselectedinthechart.
1. Foreachselectedvariable,chooseRelativeyearsorAbsoluteyearsbyusingthe
tabsdisplayedacrossthetopofeachoftheOptionsbox.
wishtoconsiderforeachvariableincludedinyouranalysis.
Notes:
Currency
areexpressed.
Companies
companylist.
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268
9 Exporting
9.1 Workingwiththeexportsystem
9.1.1 Overview
Orbisincludesanintegratedanddedicatedsystemallowingyoutoexport,toaselectionof
differentfileformats,lists,companyreports,peerreports,analyses,graphsandmore.
Wheneveryoucanexportdatadisplayedonyourscreenyouwillseethetwofollowingicons
displayedontheupperrighthandsideofsectioninwhichthedataisincluded:
Icon
Explanation
Usethisbuttontodisplaytheexportsettingsdialogandexportthedatatoa
predefinedformat
Usethisbuttonif,ontopofexportingthedatatoapredefinedfileformat,youwish
tosendthefiletoaselectionrecipientsbyemail
Inordertonothindertheperformanceoftheapplication,mostexportsarenotprocessedon
theserverhostingtheapplicationbutonadedicated,independentserver.Eachtimeyou
executeanexportyouaresendingarequesttothisdedicatedservertobegintheexport
process.
Inrealterms,thismeansthatyoucancontinueworkingnormallyanddonothavetowaitfor
yourrequestedexporttobeprocessed.
9.1.2 Limitations
Becauseatanyonetimetherecanpotentiallybealargeamountofrequests,acertain
numberoflimitationshavebeenimplementedinordertooptimisetheperformanceofthe
dedicatedexportservers:
Eachdedicatedservercanprocessamaximumnumberofsimultaneousexports.This
numberdependsontheapplicationyouareusing.
Atanyonetime,theapplicationunderusecanonlysendonerequestperusertothe
dedicatedexportserver.Henceifyourequesttwoconsecutiveexportsinashorttime
period,yourfirstrequestwillbeprocessedimmediatelywhiletheotherwillpenduntil
thefirstoneissuccessfullyprocessed.Iffortechnicalreasons,thesubsequentfile
cannotbeprocessedafteraspecificlapsoftime,amessageisdisplayedinformingyou
thattheexportcannotbeimmediatelyprocessedandthatyouwillbenotifiedbyemail
whenitisready.
Whenyourexportisfinishedyoucanthendownloadittoyourharddriveorontoyour
localnetwork.
9.1.2.1 Specificlimitationswhenexportingalistofresults
1. Inordertominimisepotentialperformanceproblemsonthededicatedexportservers,
alimitintermsoftheamountofdatayoucanexportinonegohasbeenset.Thislimit
isdeterminedbyaformulathattakesintoaccountthenumberofcompanies,the
natureandthenumberofvariablesyouareexporting.
Ifthelistyouareexportingexceedsthispresetlimit,amessageisdisplayedasking
youtorefineyourselection.
2. AnExcelspreadsheetislimitedto255columns,65536linesand32768characters
percell.Ifyourlistexceedsanyofthesethresholds,amessageisdisplayed
recommendingyoutoselectanotherexportformat.
9.1.2.2 Specificlimitationswhenexportingacompanyreport
1. Whenexportingthecompanyreportcurrentlydisplayedonyourscreen,itisexecuted
directlybytheserverhostingtheapplication.Thismeansthatyouhavetowaitforthe
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OrbisUserGuide
exporttobefullyprocessedbeforecontinuingyourwork.Alsotheseexportsarenot
listedunderthe"MyExports"inyourcustomsettings.
2. Youcanexportamaximumof50companyreportsinonego.
3. IfyouexporttoExcel,youarenotlimitedto65536lines.Ifyourreportexceedsthis
limit,theexcesslinesofthereportwillbeincludedinanewexcelspreadsheet.
4. ExportingthesubsidiarysectiononseverallevelortheCorporateGroupsectionisonly
possibleforasinglecompany(Currentcompany).
SeeDownloadinglimitationforinformationonlimitationslinkedtodatarestrictions.
9.2 Downloadinglimitations
ThefollowinglimitationsaffectanyfunctionavailableonOrbiswheredatacanbeextracted:
Exports/sendtofunction,
Alerts(whenalistformatisincludedintheemailalert),
Webaddin,
Webservices.
Printingisnotconsideredasanextractionandisnotaffected.
9.2.1 Austria/Germany
Downloadingof"streetname+number"forGermanandAustriancompaniesnotcategorized
asVeryLargeorLargeisnotincludedinstandardsubscriptiontoOrbis.
9.2.2 Sweden/Denmark
ThefollowinglimitationforSwedish/DanishcompaniesnotincludedintheVeryLargeand
Largecategoriesexist:
perupdateandperconcurrentuser,
maximum10,000ofanyofthe4followingdatacanbedownloaded:
SNISEcodeasprovidedbyUC(Swedenonly)
Streetname+number(Swedenonly)
Phonenumber(Swedenonly)
PartialorfullP/LAccountsorBalanceSheetsrelatingtothelastavailableyear
(Sweden+Denmark)
9.2.3 France
Downloading anydataitemrelatedtocompaniescomingfromAstre(Limitedfinancialsorno
financialsavailable)isnotincludedinthestandardsubscriptiontoOrbis,whateveritssize
category.
Notes:
OnthewebversionofOrbis,youmaydownloadtherestricteddatabyusing/buying
additionalBvDcredits.Whenrestricteddataisincludedinadataextract,itwillcost1
additionalBvDcreditpercompany,whateverthetypeofsubscription(payingorpay
perview).Onceextracted,anyfutureextractsofthesamedatawillnotconsume
creditsforaperiodofoneyear.
Onthediskversion,youmaydownloadtherestricteddatabyusingaspecific
protectedpassword.Thepasswordisonlyprovidedonlywhenaspecificaccessis
270
Exporting
invoicedandeffectivelypaid.Pleasecontactyouraccountmanagerformore
information.
9.3 Exportformats
Orbisoffersavarietyofformatstowhichdatacanbeexported.Theseformatsdependonthe
modulefromwhichyouwishtoexportthedata:
Module
Availableexportformats
Excel
(*.xls,
*.xlsx)
Text
(Tab
delimited)
(*.txt)
XML
Adobe
AcropbatPDF
(*.pdf)
List
Reports
Analyses
9.3.1 Whichexportformatismoreappropriate?
9.3.1.1 Excel(*.xls)
Advantages
Abilitytocontainandorganisedatainastructuredmanner
Supportsgraphics
Disadvantages
ThemaindisadvantageisthatyoucannotexportalargeamountofdatatoanExcel
spreadsheetduetotheinherentlimitationsofExcel:anExcelspreadsheetislimitedto255
columns,65536linesand32768characterspercell.
Assessment
Itisanidealformatifyouareexportingamediumamountofdataandwouldliketofurther
processthedatainordertointegratethedatatoalargerdatabaseorformatthedatafor
presentationpurposes.
Itisaninappropriateformatifyouexportingalargeamountofdata.Ifyouareexportinga
listwithover253variablesand/or65535companiesyoushouldconsiderexportingtoa
textfile.
9.3.1.2 Text(tabdelimited)(*.txt)
Advantages
Nolimitationsintermsoftheamountofdataitcancontain.
Disadvantages
Doesnotsupportgraphics.
Datacontainedisunstructuredandthereforeneedstobefurtherprocessedinordertobe
usable.
Assessment
Itisanidealformatifyouareexportingalargeamountofrawdatathatyouwishto
processatalaterstagewithapplicationssuchasExcel,AccessorotherDatabase
ManagementSystem.
Itisinappropriateifyouareexportingthedataforpresentationpurposesorifyouwishto
exporttodatathatwillbedirectlyusablewithoutfurtherprocessing.
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OrbisUserGuide
Note:exportstotextfilesareencodedinUTF16meaningthatdoublebytecharactersare
supported(specialcharacters,Russiancharacters,Chineseetc.)
9.3.1.3 AdobeAcrobatPDF(*.pdf)
Advantages
Supportsgraphics
Disadvantages
Supportsalimitedamountofdata
Datacannotbefurtherprocessed.
Assessment
Thisisanidealformatifyouareexportingalimitedamountofdataandareincluding
graphicsforpresentationpurposes.
Itisinappropriateifyouwishtofurtherprocessthedataorwhichtointegratethedataina
largerdatabase.
272
Exporting
9.4 Exportingfromthelistofresults
Accessing:clickon
availableinlisttoolbar.
9.4.1 Overview
Theexportfunctionfromthelistofresultspageallowsyoutoeither:
Exporttheinformationasdisplayedinthelistcompanies
Exportthesectionsofinformationfromthereportofcompaniesinthelist.
Priortoaccessingthisdialog,youmaymarkcompaniesbyactivatingtheircorresponding
checkboxesinordertospecifywhichcompaniesyouwishtoincludeorexcludeintheexport.
Youmaythenchoosetoexporttheinformationofallcompanies,allmarked/unmarked
companiesorarangeofcompaniestoaselectionofdifferentfileformats.
Exportdialog
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OrbisUserGuide
9.4.2 Procedure
1. Selecttheinformationyouwishtoexport:
a. Listofcompanies(defaultoption):
Keepthisoptionselectedifyouwishtoexporttheinformationofcompaniesas
displayedinyourlist(i.e.theitemsofeachcompanyselectedinyourcurrentlist
layout).
ActivatetheoptionIncludethesearchsummarytoincludethedifferent
searchstepsspecifiedtoproducethelistofcompaniesintheexportfile.
Choosehowyouwouldliketoprocessmultivaluedfieldsintheexported
file.Youmaychoosetoexportthevalueofeachmultivaluedfieldtoa
distinctcell(defaultoption)ortoincludethemallinonecell(andhence
keepingonelinepercompany).Intheprioroptionyoumayadditionally
choosetorepeatsingledataitems
Note:keepingonelinepercompanyisonlyavailableforexportstoExcel.
RepeatingsingledataitemsisonlyavailableforexportstoExcelandtextfiles.
b. Thecompanies'report:
Selectthisoptiontoexportsectionsofinformationcontainedinthereportofthe
selectedcompaniesfortheexport.Ifyouselectthisoption,youcanonlyselecta
maximumof100companiesfortheexportandcannotexporttheCorporate
Grouporthesubsidiariessectionwith3levelsormore.
Selectthereportformat:
Bydefault,thereport(s)ofcompany(ies)youwishtoexportwillinclude
thesectionsasdefinedinyourCurrentreport,i.e.thelastreportformat
youdefined.Usethedropdowntextboxtoselectanotherreportformat(
predefinedorpreviouslycreatedandsaved)Youmayalsodirectlycreatea
newreportformatbyclickingonView/Modify.
Exporteachcompanytoaseparatefile:
Bydefault,allthereportswillbeexportedtoasinglefile.Activatethis
optionifyouwishtoexporteachcompanyreporttoadistinctfile.
2. Selectthecompaniesyouwishtoexport:
Allcompanies:
Selectthisoptiontoexporttheinformationofallcompaniescurrentlyincludedin
thelist.Iftherearemorethan100companiesinthelistandyouselectedto
exportthereportsoftheselectedcompanies,youneedtochooseoneofthe
otheravailableoptions.
Themarkedcompanies:
Selectthisoptiontoexportallcompaniescurrentlymarkedinthelist.Thisoption
isonlyavailableifyouhavepreviouslymarkedatleastonecompany.
Theunmarkedcompanies:
Selectthisoptiontoexportallcompaniescurrentlyunmarkedinthelist.This
optionisonlyavailableifyouhavepreviouslymarkedatleastonecompany.
Thecompaniesfrom:
Selectthisoptiontoexportarangeofcompanies.Thenumbersthatyouenter
correspondtothepositionofthecompaniesaccordingtohowthelistissorted.
Notes:
Theoptionsmarkedcompaniesandunmarkedcompaniesareonlyavailableif
youpreviouslymarkedcompanies.
Someoptionsmaybeunavailableduetolimitationsregardingtheexportofa
listorlimitationsregardingtheexportofreports
274
Exporting
3. Selecttheformatofthefiletowhichyouwishtoexport:
IfyouareexportingalistyoumayexporttoanExcelspreadsheet,atextfileor
andXMLfile.
Ifyouareexportingoneormorereports,youmayexporttoanExcel
spreadsheetoraPDFfile
Formoreinformationonthedifferentavailableformats,see"Exportformats"
4. Chooseyournameforthefiletobeexported.Adefaultnameisgiventoeach
exportedfile.Werecommendyoutogiveeachfileadistinctivenamethat
characterisesthecontentofthefilesoyoucaneasilyfinditinthefuture.
5. ClickonOKtoconfirmyoursettingsandstarttheexportprocess.
Tips:
Ifyouwishtoexportalargenumberofcompanies,markallthoseyoudonotwishto
exportbeforeaccessingthisdialog.Inversely,ifyouwishtoexportalimitedamount
ofcompanies,markallthoseyouwishtoexport.
Ifyouwishtoexportallcompanieswithavalueforacertainvariableabove,inferior
orwithinacertainthreshold,sortyourlistaccordingtothatvariable,identifythe
occurrence(s)ofthecompaniesoutrankingyourthresholdandexporttherange.
9.5 Exportingfromareport
Access:
Clickon
availableinreporttoolbartoexportallthereportsections
currentlydisplayedandincludedinthereportformat.
Maximiseareportsectionandthenclickon
asinglereportsection.
fromthenewwindowtoexport
9.5.1 Overview
Theexportfunctionfromacompanyreportallowsyoutoexporttoaselectionoffileformats
thereportsection(s)currentlydisplayedofthecurrentcompany,allcompanies,all
marked/unmarkedcompaniesorofarangeofcompanies.Alsonotethatyoumayexporta
singlereportsectionbymaximisingitinanewwindowandexportingthatsectionfromthe
newwindow.
Thedifferentoptionavailablefromtheexportdialogdependsonthereportsectionscurrently
includedinyourreportformat.
Thereareextraoptionsifyouhavetheownershiptree,M&Adeals,newsorthesubsidiary
sectionincludedinthereport.
Note:Thecompaniesthatyoupreviouslymarkedfromthelistaremaintainedinthe
report.
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OrbisUserGuide
Exportdialog
9.5.2 Basicexport
1. Selectthecompaniesyouwishtoexport:
Currentcompany:
Selectthisoptionifyouwishtoexportthereportofthecompanycurrently
displayedinyourscreen.
Themarkedcompanies:
Selectthisoptiontoonlyexportthecompaniesthatyoupreviouslymarkedfrom
yourlistorfromthereport
Theunmarkedcompanies:
Selectthisoptiontoonlyexportthecompaniesthatyoudidnotpreviouslymark
Thecompaniesfrom:
Selectthisoptiontoexportarangeofcompanies.Thenumbersthatyouenter
correspondtothepositionofthecompaniesaccordingtohowthelistissorted.
Notes:
Theoptionsmarkedcompaniesandunmarkedcompaniesareonlyavailableif
youpreviouslymarkedcompanies.
Someoptionsmaybeunavailableduetolimitationsregardingtheexportof
reports
2. Options:
276
Exporteachcompanytoaseparatefile:selectthisoptiontoexporteach
companytoaseparatefile,i.e.ifyouareexportingthereportof5companies,5
fileswillbecreated.
Exporting
3. Addressoptions:
Exporttheaddress/phone/faxofthecompany:
Activatethisoptiontoincludetheaddress,phonenumberand/orfaxnumberof
thecompanyinyourreportexport.Iftheboxstaysunchecked,theinformation
willnotbeincludedintheexportfile.
Exporttheaddress/phone/faxoftherelatedcompanies/persons.
Activatethisoptiontoincludetheaddress,phonenumberand/orfaxnumberof
theshareholder,subsidiariesand/ormanagerssourceVVCinyourreportexport.
Iftheboxstaysunchecked,theinformationwillnotbeincludedintheexportfile.
4. Selecttheformatofthefiletowhichyouwishtoexport:whenexportingacompany
report.
Formoreinformationonthedifferentavailableformats,see"Exportformats"
5. Chooseyournameforthefiletobeexported:adefaultnameisgiventoeach
exportedfile.Werecommendyoutogiveeachfileadistinctivenamethat
characterisesthecontentofthefilesoyoucaneasilyfinditinthefuture.
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10Userimportedfields
10.1.1Overview
Inadditiontobeingabletoretrievedataitems(fields)fromtheofficialstatementspublished
bycompanies,Orbisallowsyoutoaddnewfieldstothecurrentdatabase.
Typeoffieldsthatyoumayaddtothedatabaseare:
Companyidentifiers:addalternativeidentifiersthantheonesproposedinOrbis,such
asidentifiersthatyouuseinternallyinaclient,prospectorsupplierdatabase
Singledatafield:thisafreetextfieldthatcanforexamplecontainadescriptionofthe
statusofaprospectinthesalesprocess,contactinformation,clientaccountmanager
etc
Numbers:forexamplethenumberofdaysaclientlastreneweditscontract,the
numberofuserslicensedtouseyourproduct,etc
Moneyvalues:forexamplesalesprojection,actualsales,etc
Percentages:forexampletheactualsalesoversalesprojection.
Date:forexampleadateatwhicharecurringeventoccurssuchascontractrenewals.
Segment:allowsyoutoassociateuserdefinedsegmentstocompaniesbyassigninga
commonstringtoseveralcompanies(e.g.suppliersorasalesforceassociatedtoa
groupofcompanies).
likethis:
Field1 ... Fieldk ... FieldK
Company1 Value11 ... Value1k ... Value1K
...
... ...
... ...
...
Companyi Valuei1 ... Valueik ... ValueiK
...
... ...
... ...
...
CompanyN ValueN1 ... ValueNk ... ValueNK
Usingtheimportedfieldsfeature,youmayaddnewfieldstothedatabase:
Field1 ... Fieldk ... FieldKMyImported ... MyImported ... MyImported
FieldK+1
FieldK+m
FieldK+M
Company1Value11...Value1k...Value1K MyValue1(K+1)... MyValue1(K+m) ... MyValue1(K+M)
...
... ...
... ...
...
... ...
......
...
Companyi Valuei1... Valueik... ValueiK MyValuei(K+1)... MyValuei(K+m) ... MyValuei(K+M)
...
... ...
... ...
...
... ...
...
...
CompanyNValueN1... ValueNk... ValueNK MyValueN(K+1)... MyValueN(K+m) ... MyValueN(K+M)
Table2:representationofthedatabasewithimportedfields
10.1.2Definition
WecallUserimportedfieldsanyfieldthathasbeencreatedinthedatabasethatexclusively
takesvaluesfromanexternalsource.
10.1.3Workingwithuserimported fields
Toimportnewfieldsandmanageexistingones,gotoSettings>Userimportedfields>My
importedfields.
Alluserimportedfieldsthatyousuccessfullycreatecanbeusedasfollows:
278
Userimportedfields
Searchonuserimportedfieldvalues
Displayuserimportedfieldvaluesinthelistofresults
Displayuserimportedfieldvaluesinareport
Insertuserimportedfieldsinacustomisedsection
Insertuserimportedfieldsinauserdefinedvariableformula(eg.formula=mysales
/turnover)
Useuserimportedfieldsinapeerreport
Useuserimportedfieldsinastatisticalanalysis(eg.distributionofmysales)
Riskanalysisofmyclientsorsuppliersportfoliobasedonasegmentationanalysis
(segmentmyclientsorsuppliersbyscoreclassesandusemysalesorpurchasesas
descriptivevariable)
Launchamapanalysistorepresentmysalesorpurchasesonamapandcomparethe
penetrationindices
Downloaduserimportedfieldvaluesusingwebaddinandwebserviceandgenerate
templatesincludingdatafromBvDdatabases.
Notes:
Inadditiontobeingabletocreatenewfieldsandassignvaluestothosefieldstoany
companyinthedatabase,Orbisalsoallowsyoutomodifythevaluesofexistingfields
andaddingnewcompaniestothedatabase.SeeUserediteddataformoredetails.
Userdefinedvariables(UDVs),whilesimilartouserimportedfieldsinthesensethat
theyallowyoutocreatenewfieldsthatyoucanuseinthesamewayasuserimported
fields(seeabove),theyaredifferentinthesensethatthevalueofaUDVistheresult
ofacalculationfromotherfieldsanddoesnotoriginateexclusivelyfromanexternal
datasource.
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OrbisUserGuide
10.2Myimportedfields
Access:
2. HoverovertheUserimportedfieldsmenuiteminthesidemenu
3. SelectMyimportedfields
TheMyimportedfieldsdialoglistsallpreviouslycreatedimportedfieldsallowingyouto
managethemandcreatenewones.Forbackgroundinformationonimportedfields,see
Importedfields.
Myimportedfieldsdialog
10.2.1Importingnewfields
10.2.1.1 Definethelabelandpropertiesofthefield
1. ClickonthegreylinkNewlabeltorenderthecelleditableandtypeinthelabelofthe
fieldandpresstheEnterkeyonyourkeyboard.
2. Repeatstep1forasmanyfieldsasyouwishtoimport.
3. Oncethelabelisentered,acodeisautomaticallygeneratedandisassociatedtothe
field.Thiscodeisuniquetothefieldandcannotbemodified.Youwillneedtouse
thesecodesintheclientfilecontainingthevaluesofthefield
4. Foreachlabelcreated,definethepropertiesoftheuserimportedfieldbyclickingon
the icon.
Definingthepropertiesallowsyoutoassignthetypeofvalueassociatedtothefield.
SeeUserimportedfieldspropertiesformoreinformation.
10.2.1.2 Prepareandenterthelocationofthefileofvaluestoimport
1. InoneormoreExcel(.xls)ortabdelimitedtext(.txt)file(s),inputthevaluesofthe
fieldsyouwishtocreateandsaveittoalocalornetworkeddisk.
SeePreparethefilecontainingthevaluesofuserimportedfieldsformoreinformation
ontherulesassociatedtohowtopreparethesefiles.
280
Userimportedfields
2. Enterthecompletepathandfilenameofthefileyoucreatedandsavedorclickonthe
Browsebuttontolocateitvisually.
Notes:youcanonlyimportonefileatatime.
10.2.1.3 Importvaluesfromdisk
1. Afterensuringthatthepropertiesofeachfieldmatchthevaluesofthefieldsyouare
goingtoimport,clickontheImportbutton.
2. Theimportinprogressscreenisdisplayedshowingtheprogressofyourimport.
3. Oncecomplete,oneofthefollowingwillhappen
Importsuccessful
Ifsuccessful,thefollowingscreenisdisplayedshowingtheresultsoftheimport:
OnthelefthandsidearedisplayedthecompanyIDsthathavebeen
matchedonthedatabaseandforwhichthevaluesofimportedfieldswere
assignedto.
OntherighthandsidearedisplayedthecompanyIDsthathavenotbeen
foundonthedatabase.
Importfailed
Iftheimportfiledoesnotrespectthevalidityrules,followingscreenisdisplayed
informingyouofthenatureoftheerror:
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Closethewindowandeither:
Modifythepropertiesofthefieldencounteringtheissuebyclickingonthe
icon.
Opentheimportfileandmodifythecelldisplayingtheerror.
10.2.2Manageyourimportedfields
10.2.2.1 Sortingyourimportedfields
Allcolumnswiththe iconcanbesortedinbothascending( )anddescending( )order.By
default,fieldsaresortedbyCodewithanascendingorder.
10.2.2.2 Deletinguserimported fields
Todeleteanimportedfieldclickonthe
fieldyouwishtodelete.
Todeletealluserimportedfields,clickonthe
iconcorrespondingtotheuserimported
inthecolumnheader.
Note:Whenyoudeleteanimportedfield,allvaluesassociatedtothefieldarealso
deleted.
10.2.2.3 Define/viewthepropertiesofauserimportedfield
Clickonthe iconcorrespondingtotheuserimportedfieldforwhichyouwishtovieworedit
theproperties.Youmaynoteditthepropertiesoffieldsforwhichyoualreadyhaveimported
data.
10.2.2.4 Changethelabelassociatedtoauserimportedfield
Clickonthelabelofthefieldyouwhichtochangetorenderiteditable,thentypeinanew
name.
10.2.2.5 Checkingimportstatusanddataassociatedtolastimport
282
:Indicatesthatnovalueshaveyetbeenimportedforthatfield
:Indicatesthatvalueshavebeenimported.Thenameofthesourcefile,dateand
userwholastimporteditaredisplayed.
Userimportedfields
10.3Userimportedfieldsproperties
Access:FromMyimportedfields,clickonthe
iconassociatedtoauserimportedfield.
Userimportedfieldscanbeoffourdifferenttypes.Makesurethatallpropertiesthatyou
definematchthepropertiesofthefieldsintheexternalfileyouaregoingtoimport.
10.3.1Choosethevaluetype
Thefollowingvaluetypesareavailable:
Value
types
Money
value
Percent
Number
Single
datafield
company
ID
Segment
Date
Explanation
Examples
expressedinamonetaryterms
expressedinpercentage(%)
Fieldsthatrefertoanynumericalvalueswith
noparticularunits
Salesfigures,outstanding
debt
Actualsales/projectedsales,
sales/costofsales
Numberofdaysaclientlast
reneweditscontract,number
ofuserslicensedtouseyour
product
Fieldsthatrefertoanyalphanumericalvalues Clientaccountmanager,e
thatcanonlyhaveonesinglevaluewhichis
mailaddress,rating
notrelatedtothefiscalclosingdates
Fieldsthatreferalphanumericalvalues
InternalIDusedinyourCRM
representingacompanyidentification
numberthatyouuseandnotpresentinOrbis
Fieldsthatrefertoanyalphanumericalvalues Clientspecificmarket
thatcanonlyhaveonesinglevalue,not
segments(e.g.regionsor
relatedtothefiscalclosingdatesandthatare industryspecificgroupings)
liabletobeassignedtogroupsofcompanies
Fieldthatreferstoayear,monthandorday Dateatwhichaclientneeds
torenewhiscontract
10.3.2Choosethevalueproperties
Dependingonthetypeofvalueselectedabove,youmaydefinetheunit,thecurrencyand
numberofdecimalsinwhichthevaluesareexpressed.Forexample,ifyoudefinethefieldas
amoneyvalueitemexpressedinthousandsofEUR,thevalueswillbeimportedinthousands
ofEUR(i.e.thevalue30.125inthefilewillbeimportedas30,125EUR)
Theoption'Myvalueisrelatedtothefiscalyearend'allowsyoutospecifyifthefieldis
linkedtothefiscalyearend.Ifitisthefieldmaybeusedinanalysesandwillconverted
dependingonthedisplayorlayoutoptionsselectedinlists,reportsandanalyses.Forexample
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OrbisUserGuide
ifyouchoosetodisplayfiguresinmillionsofUSDinyourreportandimportedinThousandsof
EUR,thevalueswillbeconvertedaccordingly.
10.4Preparethefilecontainingthevaluesofimportedfields
10.4.1Validfiletypes
Thefilecontainingthevaluesofyourimportedfieldsmustbe:
Excel(.xls,.xlsx)
Tabdelimited(.txt)
Zippedfiles(.zip)
Note:
Ifyouareusingatextfile(.txt),makesurevaluesareseparatedwithtabs.Ifyouuse
anyotherdelimiter,enerrorwillbegenerateandyouwillnotbeabletoimportthe
file.
ZippedfilesmustcontainacompressedtextoranExcelspreadsheet.Ifseveralfiles
arecontainedinthezippedfile,onlythefirstfileencounteredisconsidered.
10.4.2Validfilelayouts(notapplicableforsegments)
Thefollowinginformationmustbepresentinthefile:
Year
Userimportedfieldvalue
Youmayoptionallyincludealabelcolumn.Twodifferentlayoutsarepossible.
10.4.2.1 Standardfilelayout
Notes:
ThefileshouldnothaveaduplicaterecordwiththesamevaluesforUserimported
fieldcode,CompanyIDandYear.Iftherearesuchduplicates,youwillbetryingto
assigndifferentvaluesforthesamefield,forthesamecompanyforthesameyear.
Columnlabel:"CODE"
(e.g.CF00001).
284
Eachcellunderthiscolumncancontainmaximumonecodei.e.youcannotputin
CF00001CF00002asinglecell.
Youmayinputdifferentcodesindifferentcellsi.e.youmaystoreandimportthe
valuesofmorethanoneimportedfieldinasinglefile.
IfyouinputaninvalidcodeoracodethatdoesnotexistinOrbis,the
correspondingvaluewillnotbeimportedandthefollowingwarningmessageis
displayedwhenimportingthefile:Unknownfieldcode(s).
Userimportedfields
CompanyIDcolumn
Columnlabel:labeldependsinthetypeofcompanyIDyouuse.
BvDIDnumbers:label="BVDID"
D&Bcompanynumbers:label="DB"
thevalueoftheuserimportedfieldto.
YoumayuseanycompanyIDtypesupportedbyOrbis.Ifyouinputaninvalid
companyIDlabelthefollowingwarningmessageisdisplayedwhenimportingthe
file:UnknowncompanyIDtype.
OnecompanyIDnumberpercell.
IfyouspecifyacompanyIDvaluethatdoesnotcorrespondtoacompanyavailable
onOrbis,thevalueassociatedtothatlinewillnotimport.Aftertheimportprocess,
aresultscreendisplaysthecompanyIDsthatcouldnotbematched.
IfthecompanyIDtypeyouwishtouseisnotlistedaboveandareunsureofwhatlabelto
input,pleasecontactyouraccountmanager.
Yearcolumn
Columnlabel:"YEAR"
Theyearcolumnisusedtoidentifytheyeartowhichthevalueoftheuserimportedfield
correspondsto.
Yearsmustbeenteredinabsolute(eg2009)andnotinrelativeterms(N1).
Youmustentermaximumoneyearpercell.
Iftheuserimportedfieldisrelatedtothefiscalyearend(seeUserimportedfields
properties),thentheinformationregardingtheyearismandatoryandtheUser
importedfieldvaluewillnotimportifitisnotentered.IftheUserimportedfieldis
notrelatedtothefiscalyearend,theyearwillbeignoredwhenimportingthefile
andyoumaythereforeleaveitblank.
Userimportedfieldvaluecolumn
Columnlabel:"VALUE"
ThevaluecolumnisusedtocapturethevalueoftheUserimportedfieldsyouwishto
import.Youmustensurethatvaluesyouentermatchthepropertiesassociatedtothem.
Thevaluethatyouspecifymustmatchthetypeoffieldspecifiedintheproperties
oftheUserimportedfield.ForexampleifyouinputtextforaUserimportedfield
thatshouldbeexpressedinmoneyvalue,asanumberorinpercentage,itwillnot
import.
Fornumbers,percentagesormoneyvalues,decimalswillonlybetakeninto
accountifthenumberofdecimalshasbeencorrectlydefined(to1or2)intheUser
importedfieldproperties.
ForUserimportedfieldsthatareexpressedinmoneyvalue,ensurethatthevalue
youassignmatchesunitandcurrencydefinedinthepropertiesofthefield.
Userimportedfieldlabelcolumn
Columnlabel:"LABEL"
Thelabelcolumnisoptionalandcanbeusedtoinputthelabelofthefield.Thelabelmay
ormaynotmatchthelabelassignedintheapplication.
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Thefollowingexampledisregardsrepeatingvaluesandwillimportthesamedataasabove:
10.4.2.2 Alternativefilelayout
above:
CF00002),and,ifitisfieldrepresentingamoneyvalue,mustbesuffixedwiththe
yearitrefersto(e.g.CF00001_2007,CF00002_2007).
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Userimportedfields
10.4.3Validfilelayouts(forfieldsoftypesegmentonly)
Thefollowinginformationmustbepresentinthefilewhencreatingauserimportedfieldof
type"segment":
SegmentID
Segmentlabel
Heretoo,twodifferentlayoutsarepossible.
10.4.3.1 Standardfilelayout
Note:
Columnlabel:"CODE"
(e.g.CF00001).Samerulesasaboveapply.
CompanyIDcolumn
Columnlabel:labeldependsinthetypeofcompanyIDyouuse.seelistofIDcodesabove.
thevalueoftheuserimportedfieldto.Samerulesasaboveapply.
SegmentationIDcolumn
Columnlabel:"SEGID"
ThesegmentationIDcolumnisusedtouniquelyidentifyaspecificsegmentinyouruser
importedfieldanddefinethecompaniesbelongingtoaspecificsegment.
TheIDyouassigntoeachsegmentmaynumbers(1,2,3,etc),letters(A,B,C,etc)ora
combinationofboth(A1,A2,B1,B2,B3,etc).
AsegmentationID:
canbeassociatedtomorethanonecompany
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OrbisUserGuide
foronesameimportedfield,canonlybeassociatedtoonesegmentationlabel(see
below)
Segmentationlabelcolumn
Columnlabel:"SEGLABEL"
Thesegmentationlabelcolumnisusedtoassociatedalabeltoaspecificsegmentofyour
importedfield.
Segmentlabelisfreetextandshouldindicatewhatthesegmentrefersto.
Foreachimportedfield,theSegmentationlabelandIDassociationmustbeunique:
youcannothaveasegmentassociatedtotwodifferentlabelsoronelabel
associatedtotwodifferentIDs.
10.4.3.2 Alternativefilelayout
above:
CF00002),andsuffixedSEGIDforthesegmentIDcolumnandSEGLABELsegment
labelcolumn.
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Userimportedfields
289
11Userediteddata
11.1Userediteddata
11.1.1Overview
Inadditiontobeingabletoretrieveofficialstatementsandfigurespublishedbycompanies,
Orbisallowsyoutomodifydatapresentinthedatabaseaswellascreatenewcompaniesand
saveallthisinformationforfuturereuse.
likethis:
Field1
...Fieldk
...FieldK
Company1 Value11
...Value1k
...Value1K
... ...
......
......
Companyi Valuei1
...Valueik
...ValueiK
... ...
......
......
CompanyN ValueN1
...ValueNk
...ValueNK
Usingtheuserediteddatafeature,youmayaddnewcompaniestothedatabaseormodifythe
valuesofexistingfields:
Field1
... Fieldk
... FieldK
CompanyValue11
... MyValue1k
... Value1K
1
... ...
... ...
... ...
CompanyValuei1
... Valueik
... MyValueiK
i
... ...
... ...
...
CompanyValueN1
... ValueNk
... ValueNK
N
NewMyValue(N+1)1 ... MyValue(N+1)k ... MyValue(N+1)K
company
N+1
... ...
... ...
... ...
NewMyValue(N+j)1 ... MyValue(N+j)k ... MyValue(N+j)K
company
N+j
... ...
... ...
... ...
NewMyValue(N+J)1 ... MyValue(N+J)k ... MyValue(N+J)K
company
N+J
Table2:representationofthedatabasewithowndata,
orangecellsrepresentingmodifiedoraddeddata
Thisuserediteddataisthenavailablefordisplayincompanyreportsandcanbeusedin
searches,lists,analysesoranyothermoduleinvolvingfinancialdata.
11.1.2Definition
WecallUserediteddataanydataavailableontheOrbisdatabasethathasbeenmodifiedbya
useraswellasalldatathatauserhasinputtedtoexistingfieldswhenaddinganewcompany
tothedatabase.
11.1.3Reportmodes
Inordertoallowuserstoinputdata,twomodesareavailableforacompanyreport:
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Userediteddata
Readonlymode:thereadonlymodeisthedefaultmodewhenaccessingviewinga
company'sreport.Asthenamesuggests,inthismodeyoucanreaddatabutcannot
modifyit.
Editablemode:ineditablemode,youareabletomodifyoradddatacompanyas
wellascreateanewcompanyinthedatabase.
Togotoeditablemodeeither:
ClickonthelinkNewcompanyfromSettings>Userediteddata>Companieswith
editeddata.
Thisallowsyoutocreateaddanewcompanytothedatabase.
ClickonthenameofapreviouslycreatedormodifiedcompanyfromSettings>User
editeddata>Companieswithediteddata.
Thiswillallowyoutomodifythedataofacompany.
ClickontheiconEditfromthetoolbarofthereportwhenviewingacompanyreport.
Thisallowsyoutomodifythedataofthecompanycurrentlydisplayed.
Note:Inadditiontobeingabletomodifythevaluesofexistingfieldsandaddingnew
companiestothedatabase,Orbisalsoallowsyoutocreatenewfieldsandassignvaluesto
thosefieldstoanycompanyinthedatabase(usercreatedornot).SeeUserimportedfields
formoredetails.
11.2Createanewcompany
Access: fromSettings>Userediteddata>Companieswithediteddata,clickonthelink
Newcompanybutton.
WhenyoucreateanewcompanyonOrbisyouarepresentedwiththeeditableHeadersection.
AllthevaluesofthedifferentfieldscomposingtheHeaderaregivenadefaultvaluethatyou
mayedit.Fieldsmarkedwithanasterisk(*)arecompulsoryfields.
1. Toeditafieldeither:
Clickonthe
icontoselectavaluefromahierarchicaltable(displayedina
layeredpopup).
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OrbisUserGuide
2. Tosuccessfullycreatethecompanyyoumustatleastfillinthetwofollowing
compulsoryfields:
Thecompanyname
Thecompanyidentificationnumberthecompanyidentificationnumberisa
specialandcrucialfieldasitactsastheprimarykeyusedtoidentifya
companyinthedatabase.Thevaluethatyouenteristhereforeofutmost
importanceandshouldnotbethesamenumberasanyothercompanyalready
presentonthedatabase.Ifyouenteranidentificationnumberalready
assignedtoanothercompany,aninformationboxisdisplayedaskingyouto
changethespecifiednumber.
3. Clickon
tosaveyourdata.
4. Oncethedataissaved,youmayedittheothereditablesectionsusingthesidemenu.
SeeModifydataofacompanyformoreinformation.
11.3Modifydataofacompany
Access:
FromacompanyreportclickontheEditiconofthereporttoolbar.
FromSettings>Userediteddata>Companieswithediteddata,clickonthenameof
thecompanyyouwishtoedit(supposesthatyouhavealreadycreatedUseredited
data).
Onceyouenterthecompanyreport'sineditablemode,thesidemenurefreshesallowingyou
toselectasectiontoeditorupdatedatafromthedatabase.
11.3.1Editaspecificsection
Fromthesidemenu,clickonthesectionyouwishtoeditinordertodisplaythesectionin
editablemode.
11.3.1.1 Editinganonfinancialsection
Toeditafieldwithinareportsectioneither:
Clickonthe
icontoselectavaluefromatable(displayedinalayeredpopup).
Whenyouarefinishededitingtheheaderclickonthe
11.3.1.2 Editingafinancialsection
292
Youmayeditthevalueofanyfigureavailablebysimplyclickingonthevalueofa
fieldandtypingasneeded.
Youmaydeleteayearbyclickingonthe
todelete.
Youmaychangethecharacteristicsofayear(typeofstatement,closingdate,
numberofmonths,currencyandunits)byclickingontheheaderofthecolumn.
YoumayaddanewcolumnofdatabyclickingonthelinkAddayear.Youare
thenpresentedwiththefollowingdialogallowingyoutodefinethetypeof
statement(consolidated/unconsolidated),closingdate,numberofmonths,currency
andunits.
iconcorrespondingtotheyearyouwish
Userediteddata
Note:ifyouchooseadifferenttypeofstatementthantheonesexistingall
previousfinancialvalueswillbelost.
Whenyouarefinishededitingclickonthe
Notes:
Allfieldsthatdependonotherfields(bysum,difference,products,etc)are
automaticallyupdatedonceallfieldsonwhichitdependsonarefilledin.Youmay
howeveroverridetheautomaticcomputationofthesefieldsbytypinginvaluesas
youseefit.
ThelinkCheckvalidityofaccountsallowsyoutocheckthatthedifferent
formulasarevalidaswellasverifytheTotalAssetsandLiabilitiesareequaltoone
anotherandnonnegative.Whenyouclickonthelinkawindowisdisplayed
informingyouoftheexistenceofanyinconsistenciesandtheirorigin.
ClickontheFinishbuttonwhenyouhavefinishedyoureditingandviewthereport.
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OrbisUserGuide
11.3.2Updatedata
Clickontheapplicationserverfromwhichyouwishtoupdatethedata.Ascreenisdisplayed
promptingyouwiththesectionsthataredifferentbetweenyourversionandthedataavailable
ontheselectedserver(ifany).
Ifyouhavepreviouslycreated"MyData"forthesectionsthatareselected,thisdatawillbe
overwrittenwiththedatafromthedatabaseontheserver.
294
12Userdefinedvariables
Access:
Fromthedialogallowingyoutocreateormodifyacustomisedsection:
o Clickonthe iconcorrespondingtoafinancialitemorvariablealready
includedinacustomisedsection,or
o Clickonthe icondisplayednexttotheformulacellwheneditingtheformula
ofanitem,or
o Doubleclickintheformulacellofafinancialitemorformula.
ClickonathenameofapreviouslysaveduserdefinedvariableortheNewUDV
buttonfromSettings>UserDefinedVariables >MyUserDefinedVariables.
FromtheHomepage,gotothegroupedviewofsearchcriteria,expandUserDefined
VariablesandselectCreateanewUDV.
12.1Overview
Thefinancialformulaewizardallowsyoutoquicklyandeasilydefineformulasinorderto
createfinancialvariablesthatyoumaybeusedin:
Searches
Thelistofresults
Companyreports
Customisedsections
Peerreports
Analyses(segmentation,distribution,etc)
SpreadsheetsorPowerPointpresentationsbydownloadingvaluesusingtheWebadd
in
Eachfinancialitemincludedinafinancialformulaisdefinedbyafieldcodeandarelativeyear
usingthefollowingsyntax:FieldCode[Ni].Ifnorelativeyearisspecified,thelastavailable
yearisused[N].
Thefinancialvariableswizardiscomposedofthethreetabsallowingyouto:
Definetheformulaofthevariable(Formulatab)
Definethepropertiesofthevariable(Propertiestab)
Changethelabelassociatedtothevariable(Labeltab)
12.2Definetheformula
12.2.1Creatingsimplevariables
Financialvariablesmaybeconstructedfromanyexistingfinancialfieldorpreviouslycreated
financialvariablesusingtheusualarithmeticoperators(+,,*,/,^),parentheses,constants
(alwaysprecededby'#').
Youmaytypeintheformuladirectlyintheeditableformulaboxusingyourkeyboardoruse
thefollowingprocedure:
1. Selectarelativeyear(N,N1,N2,etc)forthefinancialitemvariableyouwishto
includeinyourexpression.
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OrbisUserGuide
2. Selectthefinancialitemfromthetreelikestructureorusethesearchfeaturetofind
theitemandselectittodisplaythefieldcodeintheeditableformulaarea.
3. Clickontheoperatoryouwishtousetolinkthisitemwiththesubsequentone.
4. Repeatsteps1through3untilyouexpressionisbuiltwithoutforgettingtointroduce
parenthesesinordertospecifythecorrectorderofexecutionoftheexpression.To
insertaconstantclickonthe#buttonandthenclickonthenumbers.
5. ClickontheTestbuttontovalidatetheformulaonthetestcompany(tochangethe
testcompanyclickontheModifylink).Iftheformulaisinvalid,anerrormessageis
displayedinformingyouonthesourceoftheerror.
12.2.2Creatingconditionalvariables
Youmaycreatemorecomplexformulasusingthe:
IFstatement,
EXISTstatement
Comparisonoperator(<,>,<=,>=, ><,==)
BooleanOperators(AND,OR,NOT).
Theclassicstructureofaconditionalexpressionis:
IF(A,B,C),with:
A:condition
B:valuetodisplayiftheconditionistrue
C:valuetodisplayiftheconditionisfalse
Notes:
BorCcouldthemselvesbenestedconditionalexpressions(seeexamplebelow).
Usethefollowingsynthaxtoassigntheresult'n.a.'toacondition:#N/A
YouarenotlimitedtousingnumericvalueswhencreatingaconditionalUDV.Youmay
buildconditionalUDVsusingvariablesthattakevaluesoftypestring(suchasindustry
codes,legalforms,statusetc)aswellasassignatextvaluetotheresultofa
condition.Allvaluesoftypestringmustbeplacedbetweendoublequotes.Alsonote
thatallresultsofaconditionmustbeofthesametype(i.e.youcannothavethe
resultofaconditionifitistruetobeoftypestringandoftypenumericifitisfalse).
Examples:
Inthefollowingexamples,textinorangereferstoafieldcode.Thefieldcodesreferenced
belowaregenericandusedforexamplepurposesonly.Refertothevalidfieldcodesdisplayed
inparenthesisnexttothefieldlabelinthetreelikestructuredisplayedinthelefthandsideof
thescreen.
IF(FieldCode1><#N/A,FieldCode1,#0)
Interpretation:ifavalueforField1isavailablethentheUDVisassignedthevalueof
field1elsedisplayitisassignedtheconstant0.
IF((FieldCode2<#100000)OR(FieldCode3==#0),#N/A,FieldCode2/FieldCode3)
Interpretation:ifField2islessthan100000orField3isequaltotheconstant0,then
valueoftheUDVis"n.a."ifField2isequalorsuperiorto100000orField3isdifferent
totheconstant0,thenthevalueoftheUDVisequaltotheratioofField2dividedby
Field3.
IF((FieldCode4>=#50)AND(FieldCode5><FieldCode6),#0,FieldCode4+#50)
Interpretation:ifField4issuperiororequalto50andField5isdifferentthanField6,
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Userdefinedvariables
thenvalueoftheUDVisequaltotheconstant0ifField4islessthan50andField5is
equaltoField6,thenvalueoftheUDVisequaltofield4+50.
IF(EXIST(FieldCode7),FieldCode7,#0)
Interpretation:ifField7exists,thenthevalueoftheUDVisthevaluetheFied7,else,
theUDVisequalto0.
IF(FieldCode8<#5000,#1,IF((FieldCode8<#10000),#2,#3))
Interpretation:ifField8islessthe5000thenthevalueoftheUDVis1ifField8is
superiororequalto5000butlessthen10000,thenthevalueoftheUDVisequalto
2ifField8issuperiororequalto10000thenthevalueoftheUDVisequalto3.
IF(FieldCode9/FieldCode10<#50000),"SmallCompany",
IF((FieldCode9/FieldCode10<#500000),"MediumCompany","LargeCompany"))
Interpretation:iftheratioField9dividedbyField10islessthe50000thentheUDVis
assignedthestring"Smallcompany"iftheratioField9dividedbyField10issuperior
orequalto50000butlessthen500000,thentheUDVisassignedthestring"Medium
company"iftheratioField9dividedbyField10issuperiororequalto500000then
theUDVisassignedthestring"Largecompany".
IF(FieldCode11=="ABC","MyMarket","NotMyMarket")
Interpretation:field11isoftypestringifthevalueofField11is'ABC'thentheUDV
willbeassignedthestring'MyMarket'ifitisnot,thenitwillbeassignedthevalue
'NotMyMarket'.
12.3Definethepropertiesofavariable
UnderthePropertiestab,youmay:
Definetheunitsyouinwhichyouwishtoexpressthevariable
Definevaluelimitsthatthevariablemaytakeandthevaluetodisplayiftheselimits
arereached
Howtotreatvaluesthatarereturnedasnonavailable(n.a.)ornonsignificant(n.s.).
12.4Definethelabelassociatedtovariable
UndertheLabeltabyoumaychangethelabelassociatedtothevariable
297
13Ownclassifications
Ownclassificationsgiveyouthepossibilitytointegrateyourownhierarchicalmarket
segmentationstructuresbasedongeography,industrialactivity,andcompanyIDnumbers
intoOrbis.Oncecreated,youcanusetheseclassificationsinsearches,lists,reportsand
analyses.
YoucanreferenceyoursegmentationstructurestoIDnumbers,industrycodesor
geographicalitems.ThisallowsyoutouseyourownmarketingandsalesstructureonOrbisin
ordertoanalysethemarketyouhavespecifiedinternally.
Seealso:
Myownclassifications
Createanewownclassification
13.1Createanewownclassification
Access:
4. ClickonthebuttonlabeledNewownclassification
Thisdialogallowsyoutouploadapreviouslycreatedownclassificationandspecifyanamefor
thetableandeachlevel.
Newownclassificationdialog
13.1.1Preparingtheownclassificationtable
Priortouploadingtheownclassification,youmustfirstpreparetheexternalfiletoupload.The
externalfilemaypreparedinExcelorinyourfavoritetexteditor(e.g.Notepad)aslongasitis
tabdelimited.
Threetypesofownclassificationtablesarepossible:
Ownindustryclassifications
298
Ownclassifications
Owngeographicclassifications
OwnIDclassifications
Thelayoutofeachtypeofownclassificationisthesame:
Column1:
Thecolumnheaderindicateswhetherthetableisbasedonanindustry,acompanyor
ageographicalparameter.Thevaluesunderthiscolumnmustcorrespondtoavalue
thatexistsonOrbis(e.g.ifyouarebuildinganownindustryclassification,the
classificationmustexistonOrbisandthecodesspecifiedmustexist).
Code
BVD
ISO
NA2
NAI
SUS
Basedon
Classificationtype
BVDID
OwnIDclassification
CountryISOcode Owngeographicclassification
NACERev.2
NAICS2007
USSIC
Column2:
Thecolumnheadermustbe"REF".Thiscolumndefinesthetablehierarchyandhow
eachsegmentinthefirstcolumnmapstotheownclassification.
Thevaluesunderthiscolumnmustbenumeric,eachdigitreferringtoalevel.Orbis
allowahierarchyofuptoamaximumof10levels.
Column3:
ThecolumnheadermustbeLABEL.Thiscolumndefinesthelabelassociatedtoeach
levelofyourownclassification.
Example:thefollowingtableshowsanownindustryclassificationbasedonUKsiccodes
SUK REF
LABEL
1 Classifications
11 ConsumerProducts
132 111 Tobacco
133 112 Sugarcane&SugarBeets
181 113 OrnamentalFloriculture&NurseryProducts
12 Mining
121 Mining
1011 12101 IronOres
1021 12102 CopperOres
1031 12103 Lead&ZincOres
1041 12104 GoldOres
1044 12105 SilverOres
1061 12106 FerroalloyOres,ExceptVanadium
1081 12107 MetalMiningServices
1094 12108 UraniumRadiumVanadiumOres
1099 12109 MiscellaneousMetalOres,nec
1221 12110 BituminousCoal&LigniteSurfaceMining
1222 12111 BituminousCoalUndergroundMining
1231 12112 AnthraciteMining
1241 12113 CoalMiningServices
13 Energy&Utils
131 Energy&Utils
1311 13101 CrudePetroleum&NaturalGas
1321 13102 NaturalGasLiquids
1381 13103 DrillingOil&GasWells
1382 13104 Oil&GasFieldExplorationServices
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OrbisUserGuide
1389 13105 Oil&GasFieldServices,nec
14 Technology
141 Technology
3661 14101 Telephone&TelegraphApparatus
3663 14102 Radio&TelevisionBroadcastingand
3669 14103 CommunicationsEquipment,nec
3671 14104 ElectronTubes
3672 14105 PrintedCircuitBoards
3674 14106 Semiconductors&RelatedDevices
3675 14107 ElectronicCapacitors
3676 14108 ElectronicResistors
3677 14109 ElectronicCoils,Transformers,&Other
3678 14110 ElectronicConnectors
3679 14111 ElectronicComponents,nec
13.1.2Uploadingtheownclassification
Afterhavingcreatedandsavedyourownclassificationtable:
1. ClickontheBrowsebuttontolocateandselectthepreviouslycreatedfile.
2. ClickontheorangeLoadbuttontouploadthefile.
3. Giveanametoyourownclassificationtableandtoeachofitshierarchicallevels
4. ClickontheOKbuttontoconfirmandcreatetheownclassificationtable
300
14Additionaldatamodules
14.1Industryresearch
Access:clickontheIndustryresearchbuttondisplayedatthetoplefthandsideofany
screenyouareworkingfrom.
14.1.1Overview
Inadditiontoprovidingdetailedinformationoncompanies,Orbisalsoprovidesaccessto
variouscompanyandindustryprofilesunderaseparatemodulecalledIndustryresearch.
TheIndustryresearchmoduleiscomposedoftwosubmodules:
Documentlibrary:allowsyoutosearch,downloadandviewfullcompanyprofiles
(providedbyDatamonitorandMorningstar)andindustryprofiles(providedby
DatamonitorandFreedonia).
Marketvaluesandtrendsanalysis:allowsyoutoconductmorespecificsearcheson
andviewtheMarketValueandMarketforecastssectionsextractedfromDatamonitor
industryprofiles.
Industryresearchhomepage
Toaccessoneofthesubmodules,clickontheboxcorrespondingtothemoduleyouwish
toaccessandsearch:
Documentslibraryhomepage
Marketvaluesandtrendshomepage
14.1.1.1 Documentlibrary
TheDocumentlibrarysubmoduleiscomposedofcompanyandindustryprofiles.Eachprofile
constitutesarecordintheunderliningdatabase(atthedifferenceofthecompanydatabase
whereeachcompanyconstitutesarecord).Inotherwords,thismodulesearches,retrieves
anddisplaysprofiles,notcompanies.
Youmayfreelyaccessthismodulewithyourbasesubscription.However,youmustsubscribe
totheMarketresearchmoduletobeabletodownloadandviewprofiles.Thefollowing
subscriptionsareavailable:
AccesstoDatamonitorindustryprofiles:
AddonsubscriptiontothebaseOrbissubscription.
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OrbisUserGuide
AccesstoDatamonitorcompanyprofiles:
AddonsubscriptiontothebaseOrbissubscription.
AccesstoMorningstarcompanyprofiles:
AsubscriptiontoMintAmericasisrequired.
AccesstoFreedoniaindustryprofiles:
AsubscriptiontoMintAmericasisrequired.
Pleasecontactyouraccountmanagerformoreinformationonhowtosubscribetothis
module.
Note:Ifnospecificsubscriptionismade,youareautomaticallyswitchedtocredit
invoicing,whenopeningaDatamonitorprofile.Unitforcalculationisbasedonprofilecodeand
publicationdate. Creditsaredeductedwhenprofilesaredisplayed.Creditscannotbeusedfor
MorningstarandFreedoniaprofiles.
14.1.1.2 Marketvaluesandtrendsanalysis
TheMarketvalueandtrendsanalysissubmoduleiscomposedofmarketvaluedataextracted
fromDatamonitorindustryprofiles.EachDatamonitorindustryprofileisassociatedwithaset
ofmarketvaluedatathatBureauvanDijkindexesinordertomakethedatafullysearchable
independentlyoftheindustryprofiletheyareextractedfrominadedicatedmodulemanaged
byexpertsattheBureauvanDijk.
SincethisdataisextractedfromDatamonitorindustryprofiles,youmayaccesstothismodule
ifyouhaveaccesstoDatamonitorindustryprofiles.
Note:ThisdataisalsoaccessiblefromtheDocumentlibrarymodulebyclickingonthe
iconfromthelistofresultsaswellasfromacompanyreport.
14.1.2Coverage
ThecoverageoftheIndustryresearchmoduleisworldwide.Moreoveritisnotlinkedtothe
coverageofOrbisorthespecificlimitationsassociatedtoyoursubscription.Youtherefore
haveaccesstoprofilesindependentlyofthelocationorsizeoftheassociatedcompanyor
companies(seebelow).
14.1.2.1 Databasecrossreferencing
TheOrbisdatabaseandIndustryresearchdatabaseareindependentfromoneanother.
However,BureauvanDijkcrossreferencesprofilesandcompanyrecordsasfollows:
Forcompanyprofiles,eachrecordislinkedtoarecordinthecompanydatabasebased
onasetofmatchingcriteria.
Forindustryprofiles,acompanyrecordisassociatedtoanindustryprofileif:
Thecompanyisexplicitlymentionedasaleadingcompanyintheindustry
profile
Thecompanyisasubsidiaryofaleadingcompanyexplicitlymentionedinthe
industryprofile
Thecompanyisashareholderofaleadingcompanyexplicitlymentionedinthe
industryprofile
Thecompanyisactiveinthesameactivitysector(s)coveredbytheprofile.
Thiscrossreferencingensuresconsistencybetweenthetwodatabasesandenablesusersto
downloadprofilesandviewmarketvaluesandtrendsfromcompanyreports.
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Additionalmodules
14.1.3Documentslibrary
14.1.3.1 Documentslibraryhomepage
Access:
1. ClickontheIndustryresearchbuttondisplayedatthetoplefthandsideofany
screenyouareworkingfromtoaccesstheIndustryresearchmodule.
2. ClickontheDocumentslibrarybox
TheDocumentslibraryhomepageprovidesaccesstoavarietyofsearchoptionstoquerythe
databaseorloadpreviouslysavedsearches
Documentlibraryhomepage
Atthetopofscreenisdisplayedthetoolbar.Thistoolbarisnotspecifictoanyscreenor
varietyofcorefunctions.
Thehomepageiscomposedoftwomainelements:
Theadvancedsearch
Savedsearches
14.1.3.2 Search
14.1.3.2.1Documentslibraryquicksearch
Thequicksearchallowsyoutosearchcompanyandindustryprofilesinoneeasystep
accordingtocompanynameorprofiletitle.
1. Clickon
2. SelectCompanynameorProfiletitle
Sunday,etc.)
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OrbisUserGuide
Toretrieveprofilesmatchingexactlythetextyouenter,putthetextin
4. Clickon
criteria.
toactivatethesearchandviewthelistofprofilescomplyingwiththe
Note:thequicksearchfindsbothcompanyandindustryprofilesandlistofresultsmay
thereforeincludebothtypesofprofiles.
14.1.3.2.2Documentslibraryadvancedsearches
Access:
2. ClickontheDocumentslibrarybox.
14.1.3.2.2.1 Overview
TheDocumentslibraryadvancedsearchpresentsallsearchpossibilitiesinonesyntheticand
simplescreen.
Thesearchscreeniscomposedoftwomainoptions:
Searchoncompanyprofiles
Searchonindustryprofiles
Eachoptionismutuallyexclusivemeaningthatyoumaysearchforeithercompanyorindustry
profiles,butnotbothatthesametime.
Afterchoosingthetypeofprofileyouwishtosearchon,youmayspecifyasmanysearch
optionsasyouwish.EachsearchoptionislinkedwithoneanotherusingtheBooleanoperator
"And"meaningthattheaprofilemustcomplywithallcriteriasimultaneouslytobeincludedin
theresults.
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Additionalmodules
Documentlibraryadvancedsearchesscreen
OnceyouspecifiedallnecessarysearchcriteriaclickontheViewlistofresultsbuttonto
viewthelistofassociatedresults.
14.1.3.2.2.2 Searchoncompanyprofiles
Thesearchoncompanyprofilesprovidesthreesearchoptions.
14.1.3.2.2.2.1 Searchbycompanyname
Thesearchbycompanynameisatextsearchallowingyoutosearchforcompanyprofilesby
enteringaword,partofword,severalwords,orseveralpartsofwordsandmatchingitwith
thebeginningofthewordsincludedinthenameofallcompanieslinkedtoacompanyprofile.
1. Typeinoneormorechainsofcharactersintheprovidedtextbox
2. YoumayusetheBooleanoperatorsAND,OR,ANDNOTbetweenthedifferentchains
ofcharactersyouenter.Thedefaultoperatorusedwhenyouincludeaspacebetween
twochainsofcharactersisAND.Ifyouincludeacommabetweentwochainsof
characters,itisconsideredasanOR.ToincludetheoperatorANDNOT,youneedto
typeitin.
3. Acompanyislinkedtoaprofileifitisthesubjectoftheprofileorifitismentionedas
acompetitorintheprofile.Bydefault,searchesarelimitedtoprofileswherethe
companyusthesubjectoftheprofile.
4. Ifyouwanttodirectlymonitorthatthestringofcharactersthatyouintendtotypein
correspondstotheintendedcompany,clickontheLookupbuttonnexttothe
companynametextboxbeforeenteringanything
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OrbisUserGuide
a. Typeinoneormorestringofcharacters
b. Activateoneormoreofthefollowingoptions:
Matchonwholewordsonly:
Activatethisoptiontoonlyselectcompaniesthathavewordsintheir
namethatcorrespondsexactlytothewordsyouentered(andinthe
samesequence).Thisoptionisrestrictive,youshouldtherefore
expectlesscompaniesinyourresultsthanifitwerenotactivated.
Matchonfirstwordsonly:
Activatethisoptiontoonlyselectcompanieswhosenamestartswith
thechainofcharactersthatyouenter.Thisoptionisrestrictive,you
shouldthereforeexpectlesscompaniesinyourresultsthanifitwere
notactivated.
Includepreviousnames:
Activatethisoptiontonotonlyrunthesearchoncompanies'current
namebutalsoontheirpreviousnames.Thisoptionexpandsthe
numberofresults.
Alsomatchwithname(s)asreportedintheprofile:
Becauseprofilesarematchedwithcompaniesaccordingtoavarietyof
criteria,thenamesofcompaniesreportedinaprofiledoesnotalways
exactlymatchtheofficialcompanyname.Whenactivated,thisoption
activatedthenumberofresults
c. ClickontheSearchbuttontodisplaytheresultsofthesearchinthetable
underneath.Anumberofcolumnsaredisplayedinordertohelpyoudecide
thecompanytoselectandindicateifacompanyprofileexistsforthe
companiesidentified.
d. Individuallyselectacompanybyactivatingthecheckboxnexttothe
companyline.Theselectedcompanyisdisplayedunderneath.Youmay
selectallcompaniespresentinthetablebyactivatingthecheckboxinthe
headerofthetable.Tounselectacompany,deactivatethecheckboxof
theselectedcompany.Notethatifmorethan20companiesareidentified,
theresultswillbedisplayedonseveralpages.Usethelinksavailableatthe
topofthetabletonavigatefromonepagetotheother.
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Additionalmodules
e. Afterhavingselectedallthedesiredcompanies,youmaystartanew
searchfromthesamewindow.Thepreviouslyselectedcompaniesare
savedanddisplayedinthesecondtable.
f. Whenyouarefinished,clickonOKtovalidatetheselectionandreturnto
thepreviouspage.
14.1.3.2.2.2.2 Searchbylocation
Thesearchbylocationisatextsearchallowingyoutofindcompanyprofilesaccordingtothe
worldregion,subregion,country,countryregionorcitywherethesubjectcompanyislocated.
Thesearchcomparesthestringofcharactersthatyoutypeintheprovidedtextboxtothe
chainofcharactersatthebeginningofawordincludedintheregion,subregion,country,
countryregion,USStateor Canadianprovinceinwhichasubjectcompanyislocated.
Forexample,ifyoutypeinNorthAmericayouwillretrieveallcompanyprofileswherethe
subjectcompaniesarelocatedintheUSorCanada(becausetheUSandCanadaareincluded
intheworldregionNorthAmerica):
Ifthecharactersentereddonotcorrespondwiththebeginningofaregionorcountry
inthehierarchicaltable,itisassumed thatacityortownisentered(i.e.theselection
viaacityortownisconditionaluponthefactthatnoregionorcountryisfound).
Whensearchingoncitiesortowns,thesearchisnolongermatchedonbeginningof
wordsbutonwholewordsonly(e.g.'Seat'willnotfind'Seattle').
Youmaytypeinmorethanonechainofcharacters.Bydefault,thelogicaloperator
'AND'isusedtocombinethedifferentwords.Youalsohavethepossibilitytouse'OR'
aswellbyseparatingthechainofcharacterswithacomma.Youmayalsousethe
Booleanoperator'ANDNOT'.
ForexampleifyoutypeinNorth,Americayouwillnotjustretrieve,asbefore,
profilesassociatedtocompanieslocatedintheUSandCanada,butalsothoselocated
incountryregionssuchSouthAmerica,NorthernIreland,NorthPoland,orNorth
Sweden.
Usequotationmarksinordertomatchonwholewordsonly(e.g.specifying"Brit
Colum"willnotselectcompaniesassociatedtoprofileslocatedinBritishColumbia).
Youmayalsotypein2digitcountryISOcodes.ForexampletypinginMXselectsall
companyprofilesassociatedtocompanieslocatedinMexico.
ClickontheLookupbuttontoaccessthegeographichierarchicaltableandalphabeticallistof
countries.
14.1.3.2.2.2.3 Searchbysource
ThissearchoptionallowsyoutolimitresultstoDatamonitorcompanyprofilesorMorningstar
companyprofiles.
14.1.3.2.2.3 Searchonindustryprofiles
Thesearchonindustryprofilesprovidesfoursearchoptions
14.1.3.2.2.3.1 Searchbycompanyname
Thesearchforindustryprofilesbycompanynamefollowsthesamelogicasthesearchfor
companyprofilesbycompanyname.Thedifferenceisthatyouretrieveindustryprofiles
associatedtothecompanyorcompaniesyouspecify.Assuch,thedifferentoptions
underneaththeeditboxallowyoutodefinehowyouwishtoconsiderthisassociation:
Thecompanyisaleadingcompanymentionedintheprofile(s)
Thecompanyisasubsidiaryofaleadingcompanymentionedintheprofile(s)
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OrbisUserGuide
Thecompanyisashareholderofaleadingcompanymentionedintheprofile(s)
14.1.3.2.2.3.2 Searchbyindustry
Thissearchbyindustryisatextsearchallowingyoutosearchforindustryprofilesby
matchingthecriteriayouenteredtotheindustrytowhichitrefersto.
Thetextsearchcomparesthestringofcharactersthatyoutypeintheprovidedtextboxto
thechainofcharactersatthebeginningofeachwordoftheindustryassociatedtothe
industryprofile:
Youcantypeinmorethanonechainofcharacters.Bydefault,thelogicaloperator
ANDisusedtocombinethedifferentwords.YoumayuseORandANDNOTas
wellbysimplytypingitin,inbetweenthedifferentstringofcharacters.Orbis
automaticallyrecognizethemasaBooleanoperatorandnotasasearchcriterion.
Ifyouwanttoexactlymatchthetextyouentered,putitinbetweenquotes.Ifthere
aretwowordsormore,thefactofputtingallthewordsinbetweenonepairofquotes
willretrievecompanieswhosetitleorindustrialreferencecontainthestringsof
charactersenteredinthesameorder.
ClickontheLookupbuttontoaccesstheindustryclassificationsearchwhereyoumayselect
industriesfromahierarchicaltableand/ortextsearchonindustrycodelabels.
14.1.3.2.2.3.3 Searchbygeographicalscope
Thesearchbygeographicscopeisatextsearchallowingyoutofindindustryprofiles
accordingtotheregionorcountrycoveredintheprofile.
ClickontheLookupbuttontodisplayalistofregionsandcountrieswhereyoumay
individuallyselectthecountriesorregionsyouwouldliketheindustryprofiletocover.
Searchbysource
ThissearchoptionallowsyoutolimitresultstoDatamonitorindustryprofilesorFreedonia
companyprofiles.
14.1.3.2.3Workingwithyoursavedsearches
Access:fromtheHomepageclickontheSavedsearchestab
Savedsearches
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Additionalmodules
14.1.3.2.3.1 Loadasavedsearch
YoumayalsoloadasearchsavedonalocalornetworkeddiskbyclickingontheLoadfrom
diskbutton.Thefollowingdialogisdisplayedallowingyoutospecifythepathandfilename
toloadorbrowseforit:
14.1.3.2.3.2 Deleteasavedsearch
youwishtodelete.
columnheader.
icondisplayedinthe
14.1.3.2.3.3 Add/removeasavedsearchtoyourfavourites
youwishtoadd.
14.1.3.2.3.4 Sortingthelistofsavedsearches
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14.1.3.3 ListofresultsfromDocumentlibraryprofiles
Accessing:
Executeasearch(quicksearchoradvancedsearch)andclickonViewlistofresults,
or
Loadasearchfromyoursavedsearches
14.1.3.3.1Overview
Theresultscreendisplaysallthecompanyand/orindustryprofilesthatcomplywiththe
criteriayouspecifiedinDocumentlibrarysearchmoduleinalist.Eachlineoflistrepresentsa
reportandisdisplayedwithaseriesofcolumnsqualifyingthereportincludingpublication
date,availablefileformatofprofile(pdfand/orhtml),filesizeofprofile,source,etc.
Listofresultsscreen
Todownloadandviewaprofile,clickontheformathyperlink(pdforhtml)
correspondingtotheprofileyouwishtoview.Theprofilewillopeninanewwindowin
therequestedformat.
Foreachrecord,youmayviewthepreviousversionoftheprofilebyclickingon .
Onceexpanded,youmaydownloadpreviousversionsinthesamewayasexplained
above
Youmaysortthelistaccordingtoanycolumnwhereyousee inthecolumnheader.
Thelistissortedaccordingtothecolumndisplayedwithindarkergrey( indicates
ascending, indicatesdescending).
Totheleftofaprofileinthelistaredisplayed:
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Theoccurrenceoftheprofileaccordingtohowthelistissorted.The
occurrencenumberisusedtospecifytheprofile(s)youwouldliketoconsider
when exporting,printing,deleting,etc.
Acheckboxallowingtomarktheprofile.Markingprofilesisveryusefulto
indicatewhichprofileyoudeleteorkeep,exportornotexport,etc.
Additionalmodules
allowingyoutoviewassociatedofmarketvaluedata.Onlyavailablefor
Datamonitorindustryprofiles.
14.1.3.3.2Workingwiththelisttoolbar
Atthetopofthelistisatoolbarwithanumberofcontrolsandiconsthataresummarised
below.
Icon/
Action
Control:
:
:
1ofxx
pages:
:
:
Save:
Alertme:
Jumptofirstpage.
Gotopreviouspage.
Enterapagenumberinthetextboxandhitthereturnkeyonyour
keyboardtojumptothatpage.
Gotonextpage.
Jumptolastpage.
Savethelistofprofilesincludedinthelistofresults
Setupscheduledemailalertsforallorsomeoftheprofilesincludedinthe
list.
Export: Exporttheinformationasdisplayedinthelistofresultsofallprofiles,all
marked/unmarkedprofilesorrangeofprofilestoanexternalfile(Excel,
PDF,Word,etc.)
Send: Exportandsendbyemailtheinformationasdisplayedinthelistofresults
ofallprofiles,allmarked/unmarkedprofilesorrangeofprofiles.
Print: Printouttheinformationasdisplayedinthelistofresultsofallprofilesof
allmarked/unmarkedprofilesorrangeofprofiles.
14.1.3.3.3Listsidemenu
Thelistsidemenucontainslinksallowingyoutomodifyyoursearchorstatanewsearch.
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14.1.4Marketvaluesandtrendsanalysis
14.1.4.1 Marketvaluesandtrendshomepage
Access:
2. ClickontheMarketvaluesandtrendsanalysisbox.
14.1.4.1.1Overview
Themarketvaluesandtrendsanalysishomepageallowsaccesstoavarietyofsearchoptions
toquerythedatabaseorloadpreviouslysavedorunsavedsearches.
Homepage
Atthetopofscreenisdisplayedthetoolbar.Thistoolbarisnotspecifictoanyscreenor
varietyofcorefunctions.
Thehomepageiscomposedofthreemainelements:
Theadvancedsearchtoolbox
Thesearchsidemenu
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Additionalmodules
14.1.4.1.2Advancedsearchtoolbox
Theadvancedsearchoptionsprovideyouwithmultiplesearchcriteriaallowingyouto
accuratelyfindandretrievemarketvaluesandtrendprofiles.
Advancedsearch
Theadvancedsearchiscomposedoftabsandsubtabs.
14.1.4.1.2.1 Searchtab
UndertheSearchtabyoumayaccessalltheavailablesearchcriteria.TheSearchtab
hastwosubtabs:
Groupedview:unlessyouspecifyotherwiseyouarepresentedwiththe
Groupedviewofsearchcriteria.Thegroupedvieworganisesthedifferent
availablesearchcriteriabylogicalcategory.See'Workingwiththegroupedview
ofsearchcriteria'formoredetails
Alphabeticallist:thealphabeticallisttabpresentsalltheavailablesearch
criteriainanalphabeticallist.See'Workingwiththealphabeticallistofsearch
criteria'formoredetails.
Inadditiontothesetwosubtabs,aneditboxenablingyoutofindacriterionis
available:
1. Typeinoneormorewordsincludedinthesearchcriterionyouwishtouseinthe
availableeditbox.
2. Asyoutype,alookupmenuisdisplayedunderneathwithallthecriteria
matchingthetextyoutypedinsofar.
3. Clickonthecriterionyouwishtousetoaccessit.
14.1.4.1.2.2 Savedsearchestab
Underthesavedsearchestabarelistedallyourpreviouslysavedsearches.Fromthistab
youmayloadapreviouslysavedsearch,deleteapreviouslysavedsearchoradd/remove
asavedsearchtoyourfavourites.
See'Workingwithyoursavedsearches'formoredetails.
14.1.4.1.2.3 Favouritestab
Underthefavouritestabarelistedallthesavedsearchesthatyouaddedasafavourite.
Youmaycreatedirectoriesandsubdirectoriesinordertoorganiseandplacefavourite
searches.
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See'Workingwithyourfavouritesearches'formoredetails.
14.1.4.1.2.4 Historytab
Underthehistorytabarelistedallthesearchesyouranregardlessofwhetheryousaved
themornot.Yourhistoryisorganisedbytimeperiodsoyoucaneasilyfindandaccess
themaccordingtowhetheryouranthesearchtoday,yesterday,twodaysago,etc.You
mayloadanunsavedsearchbyclickingonitfromthisscreen.
See'Workingwithyoursearchhistory'formoredetails.
14.1.4.1.3Searchsidemenu
Thesearchsidemenucontainslinksallowingyoutocreateanewsearchormodifythecurrent
search.
14.1.4.1.4Searchstrategytoolbox
usingBooleanoperators.Itisonlydisplayedifyouhavecompletedatleastonesearchstep.
SeeSearchstrategytoolboxformoredetails(notethatthistopicreferstothecompany
database,buttheprinciplesarethesame).
14.1.4.2 Search
14.1.4.2.1Marketvaluesandtrendsanalysisquicksearch
Thequicksearchallowsyoutosearchprofilesinoneeasystepaccordingtoprofiletitleor
country/region.
1. Clickon
2. SelectProfiletitleorCountry/region
Sunday,etc.)
Toretrieveprofilesmatchingexactlythetextyouenter,putthetextin
4. Clickon
criteria.
314
toactivatethesearchandviewthelistofprofilescomplyingwiththe
Additionalmodules
14.1.4.2.2Workingwiththegroupedviewofsearchcriteria
Accessing:fromtheHomepage,clickontheSearchtabandthenclickontheGrouped
viewsubtab
Thegroupedviewofsearchcriteriaorganisesthedifferentavailablesearchcriteriabylogical
categoryforeasyaccess.
Groupedviewofsearchcriteria
1. Toaccessasearchscreenandspecifyasearchstep,either:
Iftherearenosubcriteria,clickonthesearchcriterion.
Ifyouseea displayed,hoverovertheoptiontoexpandtothecategoryand
clickonthecriterion.
isdisplayedinthesearchstrategytoolbox
3. Whenyoureturntothehomepage,youmay:
thesearchsidemenu.
toolbox
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14.1.4.2.3Workingwiththealphabeticallistofsearchcriteria
Accessing:fromtheHomepage,clickontheSearchtabandthenclickontheAlphabetical
listsubtab
Thealphabeticallisttabpresentsalltheavailablesearchcriteriainanalphabeticallist.
Alphabeticallistofcriteria
1. Scrolldownthelistorusetheshortcutsdisplayedabovethelisttofindthesearch
criterionbywhichyouwishtosearch.
2. Clickonthesearchcriteriontoaccessthesearchscreenandspecifyyoursearchstep.
isdisplayedinthesearchstrategytoolbox.
4. Fromthereon,youmay:
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thesearchsidemenu.
toolbox
Additionalmodules
14.1.4.2.4Workingwithyoursavedsearches
Access:fromtheHomepageclickontheSavedsearchestab
Savedsearches
14.1.4.2.4.1 Loadasavedsearch
YoumayalsoloadasearchsavedonalocalornetworkeddiskbyclickingontheLoadfrom
diskbutton.Thefollowingdialogisdisplayedallowingyoutospecifythepathandfilename
toloadorbrowseforit:
14.1.4.2.4.2 Deleteasavedsearch
youwishtodelete.
columnheader.
icondisplayedinthe
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14.1.4.2.4.3 Add/removeasavedsearchtoyourfavourites
youwishtoadd.
14.1.4.2.4.4 Sortingthelistofsavedsearches
14.1.4.2.5Workingwithyourfavouritesearches
Accessing:fromtheHomepage,clickontheFavouritestab
Underthefavouritestabarelistedallthesavedsearchesthatyouaddedasafavourite.You
mayloadasearch,createdirectoriesinordertoorganiseyourfavouritesaswellasremovea
favouritesearchordirectory.
Favourites
14.1.4.2.5.1 Loadingasearch
Toloadasearchthatyouaddedinyourfavourites,simplyclickonthenameofyoursearch.
Youwillbedisplayedwiththelistofresults.
14.1.4.2.5.2 Organisingyourfavourites
Organisingyourfavouritesiseasyandintuitive.Youmaycreatedirectorieswithcustomlabels
andplaceyourfavouritesinthembydragginganddroppingthemonthedirectory.Youmay
alsosimplyreorderyourfavouritesbydragginganddroppinginthepositionyouwish.
Tocreateanewdirectory:
1. ClickonthebuttonlabelledNewdirectory.Thescreenrefresheswithanewly
createddirectory.
2. Intheeditbox,typeinthelabelyouwishtogivetothisdirectoryandpressEnteron
yourkeyboard.
Atanytimeyoumayrenameadirectorybyclickingonthelabelandrenderingiteditable.
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Additionalmodules
14.1.4.2.5.3 Removingafavouritesearchordirectory
Toremoveafavouritesearch,clickonthe
iconcorrespondingtothefavourite
searchyouwishtoremove.Notethatremovingafavouritesearchdoesnotdeletethe
searchfromyoursavedsearches.Youmayreincludethesearchinyourfavourites
fromyourlistofsavedsearches.
Toremoveadirectory,
1. Clickonthe
iconcorrespondingtothedirectoryyouwishtodelete.
2. Adialogpopsupaskingyouifyouwouldliketoremovethedirectoryandall
favouritesearchesincludedinthedirectoryorjustthedirectory
3. Clickontheradiobuttoncorrespondingtotheoptionyouwishtoselectand
clickontheOKbutton.
Youmayalsoremovethefulllistoffavouritesandalldirectoriesinoneoperationbyclicking
onthebuttonlabelledRemoveallfavouritesfromthelist.
14.1.4.2.6Workingwithyoursearchhistory
Accessing:fromtheHomepageclickontheHistorytab
Underthehistorytabarelistedallthesearchesyouranregardlessofwhetheryousavedthem
ornot,organisedbytimeperiodsoyoucaneasilyfindandaccessthemaccordingtowhether
youranthesearchtoday,yesterday,twodaysago,etc.Youmayloadanunsavedsearchby
clickingonitfromthisscreen.
Searchhistory
Youmaysaveasearchbyclickingonthe
tosave.
iconcorrespondingtotheitemyouwish
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Youmaydeleteaniteminyourhistorybyclickingonthe iconcorrespondingtothe
itemyouwishtodelete.Todeleteyourfullsearchhistoryclickinthebuttonlabelled
Deleteallhistory.
14.1.4.3 Listofresults
14.1.4.3.1Listofresultsfrommarketvalueandtrendsanalysis
Access:
Executeaquicksearch,or
Executeasearchstepfromthegroupedvieworalphabeticallistofcriteriaandclickon
ViewlistofresultsorGotolistofresults,or
Loadasearchfromyoursavedsearches,favouritesorsearchhistoryandclickon
ViewlistofresultsorGotolistofresults.
14.1.4.3.1.1 Overview
Thelistmoduleiscomposedoffourmainelements:
Thelistofprofilesselectedbyyoursearch
Thelisttoolbar
Thelistsidemenu
Listofresultsscreen
14.1.4.3.1.2 Workingwithalistofprofiles
Thelistofresultsdisplaysalltheprofilesthatcomplywiththecriteriayouspecifiedinthe
searchmoduleinalistformat.
Eachlinecontainstheprofiletitlealongwithanumberofcolumnscontainingthevalueofa
variable.Ifthisisthefirsttimeyouaccessalistofresultsorhavenotspecifiedotherwiseyou
arepresentedwiththeStandardlist.SeeListformatsformoreinformationonhowtochange
thelistformat.
Toaccessthemarketvalueandtrendreport,clickontheprofiletitleyouwishtoview.
Totheleftofeachprofiletitle,aredisplayed:
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Additionalmodules
Theoccurrenceoftheprofileaccordingtohowthelistissorted.Theoccurrence
numberisusedtospecifythecompanyorcompaniesyouwouldliketoconsiderwhen
exporting,printingetc.
Acheckboxallowingtomarktheprofile.
allowingyoudownloadthefullDatamonitorprofileinPDFformat.
Workingwiththecolumnsofalist
Youmayworkonthecolumnsdisplayeddirectlyfromthelist:
Youmaychangetheorderofthecolumnsbyclickingonacolumnheaderand
draggingittothedesiredposition
Resizethewidthofacolumnbyclickingonacolumnborderanddraggingittothe
desiredwidth
Deleteacolumnbyclickingonthe
Youmaysortthelistofprofilesaccordingtoanyvariablewhereyousee inthe
columnheader.Thelistissortedaccordingtothecolumndisplayedwithindarker
grey( indicatesascending, indicatesdescending).
Tochangethecolumnsthataredisplayedinthelist,gototheListformatspageby
clickingontheAddlinkor iconintheheaderofthelastcolumn.
iconinthecorrespondingcolumnheader
14.1.4.3.1.3 Listtoolbar
Thelisttoolbar,displayedatthetopofthelistofresults,includesanumberoficonsand
controlssummarizedhereunder:
Icon/
Action
Control:
Columns: Addorremovecolumnsfromthelist.
Alertme: Setupscheduledemailalertsforallorsomeofthecompaniesincludedin
thelist.
Export: Exporttheinformationasdisplayedinthelistofallprofiles,all
marked/unmarkedprofilesorrangeofprofilestoanexternalfile(Excel,
PDF,Word,etc).
Send: Exportandsendbyemailtheinformationasdisplayedinthelistorthe
reportofallprofiles,allmarked/unmarkedprofilesorrangeofprofilesto
anexternalfile(Excel,PDF,Word,etc).
Print: Printouttheinformationasdisplayedinthelistofallprofiles,all
marked/unmarkedprofilesorrangeofprofiles.
: Jumptofirstpage.
: Gotopreviouspage.
1ofxx Enterapagenumberinthetextboxandhitthereturnkeyonyour
pages: keyboardtojumptothatpage.
: Gotonextpage.
: Jumptolastpage.
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14.1.4.3.1.4 Listsidemenu
Thelistsidemenucontainsavarietyoflinksandmenusallowingyoutogobacktothesearch
module,trashandcreateanewsearchaswellasformatthelist.
button.
Option: Action:
Backtosearch: Returntothehomepage
Trashyourcurrentsearchandstartanewsearchfromthehome
Newsearch:
page
Modifycurrent Returntothehomepagetoaddsearchstepsormodifyacurrent
search: searchstep
Createanewlistformatfromscratchorloadapredefinedor
Listformat:
previouslysavedlistformat
14.1.4.3.2Listformats
Access:
Newformat,or
ClickontheAddlinkdisplayedinthelastcolumnofyourlist,or
FromMylistsclickonthenameofapreviouslysavedlistformatortheNewlist
button.
14.1.4.3.2.1 Overview
Modifyalistformat
Savealistformat
Formatthelistdialog
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Additionalmodules
fordisplayinthelistarelistedunder'Yourselection'.
14.1.4.3.2.2 Createanewlistformat
1. Addingvariables:
a.
a.
Yourselection.
c.
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position.
14.1.4.3.2.3 Modifyalistformat
corresponding
14.1.4.3.2.4 Savealistformat
Icon
Function
nameisindicated.
14.1.4.3.2.5 Loadapreviouslysavedorpredefinedlist
browseforit:
14.1.4.3.2.6 Deleteapreviouslysavedlistformat
corresponding icon.
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Additionalmodules
14.1.4.3.2.7 Definethedefaultlistformat
defaultlist.
eachnewsession.
14.1.4.3.3Listformats
Access:
Newformat,or
ClickontheAddlinkdisplayedinthelastcolumnofyourlist.
14.1.4.3.3.1 Overview
Modifyalistformat
Savealistformat
Formatthelistdialog
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fordisplayinthelistarelistedunder'Yourselection'
14.1.4.3.3.2 Createanewlistformat
1. Addingvariables:
a.
a.
Yourselection.
c.
position.
14.1.4.3.3.3 Modifyalistformat
326
corresponding
Additionalmodules
14.1.4.3.3.4 Savealistformat
Icon
Function
nameisindicated.
Loadapreviouslysavedorpredefinedlist
browseforit:
corresponding icon.
defaultlist.
eachnewsession.
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14.1.4.4 Report
Access:toaccessacompanyreport,clickonacompanynamefromthelistofresultsafter
havingspecifiedsomesearchcriteriaorloadedasearch.
14.1.4.4.1Overview
Themarketvalueandtrendsreportiscomposedofthreemainelements:
Thereportiscomposedofreportsections
Thereporttoolbar
Reportexample
14.1.4.4.2Report sections
Areportiscomposedofthefollowinginformationsections:
Header:displaystheprofiletitleandpublicationdate(thissectioncannotberemoved
orcustomised)
Data:displaysmarketvaluesandforecastsasatable
Chart:displaysmarketvaluesandforecastsasachart
displayasinglereportsectionorcreateanewreportformatbyselectinganynumberof
sectionsyouwishtoincludeinthereport(aswellasdecidetheorderinwhichyouwouldlike
themtoappear).Suchreportformatsmaybesavedandloadedforfuturereuse.
328
Additionalmodules
14.1.4.4.2.1 Reportsectiontoolbar
Icon/link
Options
Action
Notes
Modifythedisplayoptionsofthesection
Collapsethesectiontohidethecontentsof
thesection.
youmayexpanditby
clickingon .
headingofasectionalso
opensthesectioninanew
window.
14.1.4.4.3Reporttoolbar
tonavigatefromonereporttoanother,formatthereport,export,etc.
Icon/Link
Action
:
Sections:
Export:
Send:
Print:
:
Previous:
1ofxx:
Formatthereport
Exportoneormorereports
Exportandsendoneormore reportstoaselectionofrecipientsbyemail
Printoutthereportofoneormorereports
Displaythereportofthefirstprofile(accordingtohowthelistissorted)
Displaythepreviousprofilereport(accordingtohowthelistissorted)
EntertheoccurrencenumberoftheprofileandhittheEnterkeyonyour
keyboardtojumptothatreport
Next
Viewnextreport(accordingtohowthelistissorted)
: Displaythereportofthefirstprofile(accordingtohowthelistissorted)
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14.1.4.4.4Reportlateralmenu
14.1.4.4.4.1 Backtothelistofresults
14.1.4.4.4.2 Search
14.1.4.4.4.3 Definetheformat
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Additionalmodules
14.1.4.4.4.4 Displayaspecificsection
Themenuitemsunderthissectionofthesidemenuallowyoutodisplayasinglereport
sectioninthereport
14.1.4.4.4.5 Download
ThemenuitemunderthissectionallowsyoudownloadthefullDatamonitorindustryprofile
associatedtothemarketvalueandtrendsinformationcurrentlydisplayed.
14.1.4.4.5Reportformats
Access:
Fromthereportlateralmenu,expandtheReportformat menuitemandselectNew
reportorAdd/removesection,or
ClickonAdd/removesectionsfromthereporttoolbar.
14.1.4.4.5.1 Overview
TheReportformatdialogallowsyouto:
Createanewreportformat
Modifyareportformat
Saveareportformat
Loadapreviouslysavedorpredefinedreportformat
Deleteapreviouslysavedreportformat
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Formatthereportdialog
Note:ifyouselectedtheoptionAdd/removesection,thereportsectionscurrently
selectedfordisplayinthereportarelistedunder'Yourselection'
14.1.4.4.5.2 Createanewreportformat
Intheleftpanearelistedallthereportsectionsthatyoumayaddthereportformat.
1. Toaddasection,clickonthesectiontoaddtothereport.Thereportsectionisthen
displayedunderYourselection.
2. Afterhavingaddedallthedesiredsections,youmay:
Removeapreviouslyselectedsectionbydeactivatingthecheckboxcorresponding
Changetheorderinwhichthesectionswillappearinthereportbyclickingona
section'snameunderYourselectionanddraggingittothedesiredposition.
3. Eachsectionsofferavarietyofdisplayoptions.ClickonthelinkDisplayoptions
4. ClickontheOKbuttontoviewthereport.
Note:Bydefaultreportformatswillnotbesavedmeaningthatwhenyoustartanew
sessionofOrbisyourmodificationswillbelost.SeeSaveareportformatbelow.
14.1.4.4.5.3 Modifyareportformat
Tomodifyapreviouslysavedreportformatorpredefinedreport,clickontheicon
correspondingtothereportyouwishtomodify.
14.1.4.4.5.4 Saveareportformat
1. TypeinthenameyouwouldliketogivetothereportformatfromtheGiveanametext
box.Notethatyoucannotspecifythesameasapredefinedreport(e.g.Standard
report).
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Additionalmodules
Icon
Function
Savethereportformattotheapplicationserver.Thenameofthesavedreport
willbelistedunderyoursavedreports.Ifareportwiththatnamealreadyexists,
Savethereportformattoalocalornetworkdrive(.reportextensionfile).
14.1.4.4.5.5 Loadapreviouslysavedorpredefinedreport
Toloadareportpreviouslysavedontheapplicationserverorapredefinedreportclick
onthereportyouwishtoloadfromtheleftsideofthescreen.
ToloadareportsavedonalocalornetworkeddiskclickonthelinkLoadfromdisk.
browseforit:
Afterhavingsuccessfullyloadedareport,youaredisplayedwiththereport.
14.1.4.4.5.6 Deleteapreviouslysavedreportformat
Todeleteacustomisedreportthatyoupreviouslysavedontheapplicationserver,clickonthe
corresponding icon.
Thedefaultreportisthereportusedbydefaultwhenviewingacompanyreportateachnew
sessionofOrbis.UnlessyouspecifyotherwiseitistheStandardreportthatisconsideredas
thedefaultreport.
Youmaychangethisdefaultbehaviorbyactivatingthecheckboxcorrespondingtothereport
bethereportthatyoumarkedthatwillalwaysbeusedbydefaultwhenviewingacompany
reportateachnewsession.
Note:thereportthatisdisplayedbydefaultinanopensessionisthelastreportthatwas
displayed(alsoknownasthecurrentreport).
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14.2Royaltydatabase
TheRoyaltyagreementsdatabaseprimarilycoversroyaltyagreementsfiledwiththeSECand
includeslicenseagreementsthatgrantsrighttoexploitanduseintangiblepropertyinvarious
territoriesoftheworld.ThisdataiscollectedfromvarioussourcesbyKtMineandisintegrated
asanadditionalmoduleonOrbiscalled"Royaltyagreements".
ktMINEisaroyaltydatabaseproviderbasedintheU.S.Itprovidesaccesstoagreementsthat
containroyaltyrateinformationusedbyprofessionalsinvaluations,M&Aandtransferpricing.
TheRoyaltyagreementsmoduleallowsyouto:
Searchthedatabaseaccordingtoavarietyofcriteria
View,printandexporttheresultsofthesearchfroma list
View,printandexportfullagreements
14.2.1SearchforRoyaltyagreements
14.2.1.1 Overview
TheroyaltydatabasesearchmoduleallowsyoutoeffectivelysearchtheRoyaltydatabase
accordingtoavarietyofcriteria.Thedifferentcriteriaaregroupedbycategoryasfollows:
Companies
Agreementcharacteristics
Royaltyrate
Textsearch
Usethedifferenttabsdisplayedacrossthetopofthesearchscreentonavigatefromone
categorytoanother.Youmayspecifyasmanycriteriaasyouwishfromasmanycategoriesas
youwant.EachcriteriathatyouspecifyarecombinedwiththeBooleanoperatorAND(i.e.
yourresultscomplywithallthecriteriasimultaneously).
Atthebottomofthesearchscreen,thefollowingbuttonsandlinksareavailable:
Link/button Function
Resetsearch
Save
Viewlistof
results
334
Deletesallspecifiedcriteriafromalltabsallowingyoutostartanew
search
Savethesearchstrategy(i.e.thesearchcriteriayouspecified)orthe
royaltyagreementsselectedbyyoursearchcriteria.Allyoursaved
searchesareavailableundertheSavedsearches
Viewthelistofagreementsselectedbyyourcriteria
Additionalmodules
14.2.1.2 Companies
Thecompaniestaballowsyoutosearchforagreementsaccordingtothenamesofcompanies
involvedinanagreementas:
Licensors
Licensees
Filingcompanies
EachsearchoptionallowsyoutoenteroneorseveralwordsseparatedbyANDorOR.The
defaultoperatorusedwhenyouincludeaspacebetweentwochainsofcharactersisAND.If
youincludeacommabetweentwochainsofcharacters,itisconsideredasanOR.
NexttoeachsearchoptionisdisplayedaLookupbuttonallowingyoutosearchthroughand
selectfromindexofcompanynames.Whenyouselectmorethanonecompanythoughalook
upoption,thecompaniesarelinkedwiththeORBooleanoperator(e.g.ifyouselectcompany
'ABC'andcompany'DEF'throughthelookupoptionassociatedtotheLicensorssearchoption,
youwillretrieveallagreementswherecompany'ABC'orcompany'DEF'wereinvolvedas
licensors).
14.2.1.3 Agreementcharacteristics
The'Agreementscharacteristics'taballowsyoutosearchfromagreementsaccordingtothe
followingcriteria:
Effectivedate
Exclusivity
Type(s)
Territory
Industry
Formoreinformationonagreementtypes,seeAgreementtypes.
Formoreinformationonindustryclassifications,seektMINEindustryclassification.
14.2.1.4 Royaltyrate
The'Royaltyrate'taballowsyoutosearchforagreementsaccordingto:
Level
Royaltyrate
FormoreinformationonRoyaltyrates,seeRoyaltyrates.
14.2.1.5 Textsearch
The'Textsearch'taballowsyoutoconductafulltextonthedifferentsectionsthatcompose
anagreement.
BydefaultthesearchisconductionontheSynopsis,TextofagreementsandKeywords.You
maylimitthescopeofthesearchbydeactivatingthecheckboxassociatedtothesectionyou
donotwanttosearch.
14.2.2Listofresultsforroyaltyagreements
Thelistofresultsdisplaystheroyaltyagreementsthatcomplywiththecriteriayouspecifiedin
thesearchmoduleinalist.
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Eachroyaltyagreementfoundisdisplayedwiththefollowinginformation:
Synopsis
Licensors
Licensees
Agreementtype
Territory
Effectivedate
Toaccesstheroyaltyagreementreportclickonthesynopsiscorrespondingtotheagreement
youwishtoview.
Bydefault,thelistissortedaccordingtotheeffectivedate.Usethedropdownmenu
displayedabovethelisttochangehowthelistissorted.
Theiconsdisplayedinthelisttoolbararedefinedbelow:
Icon Function
Export
:
Send
:
Print:
336
Exporttheinformationasdisplayedinthelistorrangeofagreementstoan
externalfile(Excel,txt,Word,etc).
Exportandsendbyemailtheinformationasdisplayedinthelistorrangeof
agreementstoanexternalfile(Excel,Word,etc).
Printouttheinformationasdisplayedinthelistorrangeofagreements.
Additionalmodules
14.2.3Royaltyagreementreport
14.2.3.1 Overview
Theroyaltyagreementreportmoduleiscomposedofthreemainelements:
Theroyaltyagreement,composedofreportsections
Thereporttoolbar
Royaltyagreementreportexample
14.2.3.2 Reportsections
Aroyaltyagreementreportmaybecomposedofthefollowinginformationsections:
Synopsis:
Thissectiondisplaysthefilingcompany,licensors,licensees(allthreewithpossible
linktothecompanyreport),effectivedate,type,industry,territory,exclusivityand
term.
Royaltyratesummary:
Displayssummaryinformationonroyaltyrateagreement.
Textofagreement:
Containsalinktoviewthetextoftheagreement.
displayasinglereportsectionorcreateanewreportformatbyselectingthesectionsyouwish
toincludeinthereport(aswellasdecidetheorderinwhichyouwouldlikethemtoappear).
Suchreportformatsmaybesavedandloadedforfuturereuse.
337
OrbisUserGuide
14.2.3.2.1Reportsectiontoolbar
Icon
Action
Notes
Collapsethesectiontohidethecontentsofthe
section.
youmayexpanditbyclicking
on .
headingofasectionalsoopens
thesectioninanewwindow.
14.2.3.3 Reporttoolbar
tonavigatefromonecompanyreporttoanother,export,etc.
Icon/Link
Action
:
Sections:
Export:
Send:
Print:
:
:
1ofxx :
:
:
Formatthereport
Exportoneormore reports
Exportandsendoneormorereportstoaselectionofrecipientsbyemail
Printoutthereportofoneormoreagreements
Displaythereportofthefirstagreement(accordingtohowthelistis
sorted)
Displaythepreviousagreement (accordingtohowthelistissorted)
EntertheoccurrencenumberoftheagreementandhittheEnterkeyon
yourkeyboardtojumptothatagreement
Viewnextagreement(accordingtohowthelistissorted)
Displaythereportofthefirstagreement(accordingtohowthelistis
sorted)
14.2.3.4 Reportlateralmenu
338
Additionalmodules
14.2.3.4.1Backtothelistofresults
14.2.3.4.2Search
14.2.3.4.3Definetheformat
14.2.3.4.4Displayaspecificsection
Theoptionsunderthissectionofthelateralmenuallowyoutodisplayaspecificreportsection
339
15Datadetails
15.1Activity
15.1.1Newactivityclassifications
AnewversionoftheEuropeanindustrialactivityclassification(NACERev2)hasbeen
approvedbytheEuropeanCommission.TheNACERev.2classificationincorporatessignificant
changesfromNACERev1.1.Thesechangeswereneededduetoevolutionsintechnologyand
corporatesocioeconomicfactors.Furthermore,somecountriesliketheUnitedStates
developedspecificclassificationsthatarenolongercompatiblewiththeonesusedinEurope.
Thechangesareoccurringateveryleveloftheclassificationandwillintroducenewsectorsfor
'WaterSupply,Sewage,WasteManagementandRemediation','Informationand
Communication','Professional,ScientificandTechnicalActivities','AdministrativeandSupport
ServiceActivities'and'Arts,EntertainmentandRecreation'.
SimilarchangeswillbemadeinthenationalclassificationswhicharederivedfromNACE.The
existingclassificationswillbereplacedonOrbisbythesenewversions.
Also,theNAICSclassificationwillencountersomeminorchangeswhenNAICS2007will
replaceNAICS2002.
Hereunderisthelistofchangeswiththeirassociateddatesofimplementation,conversion
tablesaccessandlinktomoreinformation:
Oldactivity
Classification
Newactivity
classification
Country/region
Dateof
implementation
NACERev.1.1.
NACERev.2
Europe
01/01/2008
NAFRev.2
France
01/01/2008
CNAE2009
Spain
01/01/2008
NAFRev.1
CNAE93Rev.
1
CAERev.2.1.
Portugal
01/01/2008
NACEBEL2003
NACEBEL2008
Belgium/Luxembourg
01/01/2008
SNISE2002
SNISE2007
Sweden
01/01/2008
WZ2003
WZ2008
Germany/Austria
01/01/2008
ATECO2002
ATECO2007
Italy
Tobeconfirmed
NAICS2002
NAICS2007
International/US
01/01/2008
10
KSIC
KSIC9
11
BIK
SBI2009
CAERev.3
Korea
01/01/2008
Netherlands
Tobeconfirmed
15.2Account&statusinformation
15.2.1Detailsaboutthecollectionofaccounts
15.2.1.1 Listedcompanies
15.2.1.1.1USlistedcompanies:detailsaboutthecollectionofaccount
Whichcompanieshavetofileaccounts?
Alllistedcompanies.
Howmanycompaniesdoesthatrepresent?
8,000.
Whichtypeofcompanieslegallydonothavetofileanyformofaccountseven
thoughtheywouldmeettheselectioncriteriaforOrbis?
340
Datadetails
Cancompaniesfilelessinformationthanthepreviousyearsornotfile
accountsatallinsomeyears?Ifso,why?
Wherearetheaccountsfiled?
SEC.
Whatisthemaximumperiodacompanycantaketofileitsaccountsafterits
yearend?
3months.
Whatistheaveragetimeoffilingaccountsbythecompanies?
2months.
Istheformatoftheaccountsstandardised?
No.
Atwhatconditionsaretheaccountsmadeavailabletothepublic?
Freeannualreports.
Docompaniesgenerallycomplywiththelegalobligation?
Yes.
DataproviderforOrbis
Reuters.
Whatisthemaximumpossibleperiodbetweenacompanyfilingitsaccounts
andtherecordsappearingonthedatabase?
4weeks.
Whatistheaverageperiodbetweenacompanyfilingitsaccountsandthe
recordsappearingonthedatabase?
1.5weeks.
15.2.1.1.2NonUSlistedcompanies:detailsaboutthecollectionofaccount
Alllistedcompanies.
29,000.
AnnualReports.
yearend?
9months.
4months(duetocompetitionadvantages/disadvantages).
No.
341
OrbisUserGuide
Freeannualreports.
Yes.
WVB,HUAXIA,KIS.
6weeks.
2 weeks.
15.2.1.2 Industrialcompanies
15.2.1.2.1Australia:detailsaboutthecollectionofcompanyaccounts
Foreignowned,publiclistedcompaniesandgovtownedenterprises.
IBISsupply65%ofAustraliancompanies.
thoughtheywouldmeettheselectioncriteria?
Privatecompanies.
Cancompaniesfilelessinformationthanthepreviousyearsornotfileaccounts
atallinsomeyears?Ifso,why?
Yes.Thereareanumberorreasonsbutmajorityarenotdisclosedtothepublicbut
grantedreliefbytheregulator(ASIC).
AtASICAustralianSecuritiesandInvestmentsCommission
yearend?Whatistheaveragetimeoffilingaccountsbythecompanies?
Thereisnodefinitelength,againthisrelatestodiscretionbetweenASICandthe
company.Howeverifacompanyislodgingaccountsnormallywouldtakebetween612
months.
Yes.
form:electronicversion
price:Bynumberofpagesi.e.morethan10pagesaround$40lessthan10around
$20.
place:ViaemailpurchasingisconductedonlytoagentsofASIC.
Yes.
Dataprovider
IBISWorldBusinessInformation
342
Datadetails
Whatisthemaximumpossibleperiodbetweenacompanyfilingitsaccountsand
therecordsappearingonthedatabase?
3months.
6weeks
15.2.1.2.2Austria:detailsaboutthecollectionofaccount
AG,starting1994alsoGmbHandverylargecompanies
50,000
Privatecompanies
No
AmtsblattBundesanzeigerorRegisterCourt
yearend?
12months
12months
No
form:Paper
price:EUR5,perpage
place:RegisterCourt
Notattime
DataproviderforOrbis?
Creditreform
3months
1month
15.2.1.2.3Belarus:detailsaboutthecollectionofaccount
Allcompanies
343
OrbisUserGuide
CA100,000legalpersonsandCA150,000soleentrepreneurs
N/A
No
TaxAuthority,MinistryofStatistics
yearend?
3months
23months
Yes
Form:online,paper(onlyJointstockcompaniesareavailabletothepublic)
Price:Notstated
Place:MinistryofStatistics
Yes
DataproviderforOrbis:
CreditformLatvijaSIA
6months
6months
15.2.1.2.4Belgium:detailsaboutthecollectionofaccount
344
SA,SPRL,Soc.Coop.,SCS,SNC,GIE
270,000
None
No
NationalBankofBelgium
Datadetails
yearend?
7months
7months
Yes
form:Microfilm,paper,magnetictapes,CDROM
price:6.50peraccount
place:NationalBankofBelgium
Yes
NationalBankofBelgium,EURODB
3months
1month
15.2.1.2.5BosniaandHerzegovina:detailsaboutthecollectionofaccount
Eachandeveryregisteredandactivecompany,regardlesstoitslegalform(Ltd.,Joint
Stockcompany,PublicorStatecompany,Cooperativesociety,Limitedpartnership,
Generalpartnership,Sociallyownedcompany)andsizehavetofileaccounts.
Nearly8,000companies(RepublikaSrpska)
EveniftheywouldmeettheselectioncriteriaforORBIS,followingtypeofcompanies
legallydonothavetofileanyformofaccounts:Soleproprietorship,Workshopsand
Tradingshops.
Companiesarenotallowedtofilelessinformationthanthepreviousyearsornotfile
accountsatall,withanexceptionifthesubjectcompanywentunderbankruptcy
proceedings.
CentralnaBankaBosneiHercegovine
yearend?
2months
2months
345
OrbisUserGuide
Yes
Accountsareavailabletothepubliconlyiftheyarepublishedbythecompanyitself.
Otherwisetheaccountsarenotavailabletothepublic.Legislationreferringtothis
matterisnotclear.
Yes
MIDGroup
7months.Thisperiodisneededfortheofficialauthoritiestoprocessthedataforthe
wholecountry(economy).Immediatelyafterprocessingrecordsaretransferredto
MIDGroupdatabase.
5months
15.2.1.2.6Bulgaria:detailsaboutthecollectionofaccount
346
Allcompanies,whichmatch2ofthefollowing3criteria:atleast50personsstaff,total
assetsatleasteur500.000,turnoveratleasteur1.000.000
Less10%ofallactivecompanies
Nonesuchcompanies.Anexceptionmaybestatecompaniesofstrategicinterest
Theamountoftheinformationfiledisclearlyspecifiedbythelawbutthecompanies
usuallyfileonly6to7balancesheet'sfigures.Ifforsomeyearagivencompanydoes
notmatch2oftheA.M.threecriteria,itwillcertainlynotpublishanyfinancial
informationforthisyear.
Mainlyinthelocalpress,nationaldailies,accountancyreviews,internetetc.Itis
difficulttotrackdowneverysinglebalancesheetassomearepublishedeveninthe
factory'slocalnewspaper
yearend?
Fortheordinaryfinancialaccounts01.june/forconsolidatedaccounts
30.september
MayJune
Yes,butwhenitcomestopublicationthecompaniesusuallychosesomeextremely
shortenedformat.
Datadetails
Usuallyonehastofollowthewholeavailablepress,nationalandlocal,theformatof
thebalancesheetsthuscollectedvaries,thepricetobepaidvariesaswell.
Yes
Creditreform
4months
3months
15.2.1.2.7Croatia:detailsaboutthecollectionofaccount
Privateandpubliclimitedliabilitycompanies,generalandlimitedpartnerships,
cooperativeshavetofileaccountstotheStateAuthorities(StateRegisterofaccounts,
established2003).
Approximately70,000legalsubjectsfileaccounts,althoughthereareca200,000
registeredsubjects
Privatebusinesses,SoleProprietorship
Somecompaniesinspiteoftheobligationdonotfileaccounts
Since2003atStateRegisterofaccounts.
PubliccompaniesfileaccounttotheSecuritiesCommissionandtoStockExchange.
yearend?
34months(afterthattheaccountsareprocessedintheregisterandbecome
availableafter56monthssincetheyearend)
34months
Yes
form:Paperorfile
price:Dependsontheformandisca10.0012.00EURperyear,percompany.
place:TheaccountsareavailabletothepublicattheStateregisterofAccounts
PubliclimitedcompaniesfileaccountstoSecuritiesCommissionand StockExchanges.
Theyareavailableforfree
Activecompaniesusuallydo
347
OrbisUserGuide
CreditreformCroatia
Max.3monthsaftertheaccountsbecomeavailable
2months.
15.2.1.2.8Cyprus:detailsaboutthecollectionofaccount
Itiscompulsoryforcompaniestopreparefinancialstatements,onlypubliccompanies.
Itiscompulsoryforprivatecompaniestopreparefinancialstatements.Private
companiesobligedtofileaccountswiththere2004annualreturns,foryearend2003.
Itisimportanttonotethatnotalllivecompanieswillfileaccountsin2004AR
348
500Publiccompanies.
PrivateLimited,thiswillchangeduringthenext2years.
Companies,House,web.
yearend?
6months
6months
No
form:Hardcopy
Yes
IcecreditInfo
2months
Datadetails
15.2.1.2.9CzechRepublic:detailsaboutthecollectionofaccount
AllcompaniesfilledinBusinessRegister.Thereisdutytofillfullfinancialstatements
forcompanieswithobligatoryaudit. OthercompaniesinBRhavedutytofill
shortenedFS.Obligatoryauditrefer jointstockcompanies(A.S.)andLimitedliab.
companies(S.R.O.)odcooperativeswith(1)assetsover40mil.CZK,(2)turnover80
mil.CZK,(3),over50empl.ForA.S.ifisfulfilledanycondition,forothercompanies
fulfilledtwoofthreeconditions.
330,000(manycompaniescouldbeinactive,onlyregisteredwithnofinancial
statement).Thereiscurrently330.000companiesinBR,10%inliquidationor
bankruptcy,andabout25%(80.000)companiesregisteredbutwithoutturnover,not
registeredasVATpayers,etc.sosuspicious.
PrivateEntrepreneurs
CompaniescanputintoBRfullFSorshortedFS.NobodycheckwhatkindofFSis
filledintoBR.ThereareregulationswhatkindofFScompanyhastoputintoFinancial
office,buttheseFSarenotavailableforthegeneralpublic.
TaxofficeandBusinessRegister
yearend?
6months
6months
Yes
form:HardcopyinBR,partlyPNGfilesonpublicserver,ObchodnyVestnik(=
OfficialBulletin)
Thereisnocontrol
CreditinfoCzechRepublicmainsourceisBusinessregisterwherecompaniespublish
FS.TheypermanentlygothroughthelistofallcompaniesinBRandseeknewly
publishedFS.ThissourceisupdateddailybutsomecompaniesputdocumentsintoBR
withbigdelays.
45weeks
2weeksinindividualcasesweareabletogetandprocessFSin12days
349
OrbisUserGuide
15.2.1.2.10
Denmark:detailsaboutthecollectionofaccount
Alllimited(A/S)andPrivatelimitedcompanies(ApS)andLimitedpartnershipsby
shares(P/S)mustpublishaccounts.Othercompanytypeswithlimitedliabilitysuchas
somelimitedandgeneralpartnershipsandprofitassociationsandfoundations
furthermoremustpublishaccounts.Howevertherearesomeverycomplicatedand
detailedlegalexceptionstotheserules.
Itrepresentsapproximately150000 companies.
Allothercompanytypesthanstatedinad1e.g.soleproprietorshipsdonothaveto
publishaccounts,butiftheydonottheydonotmeettheselectioncriteriaforOrbis
either.Theremayhoweverbesomecompaniesthatapparentlyhavepublished
accounts,butwheretheaccountsdonotcontainanyfiguresbutonlycommendson
thecompanymeetingcertainexceptionstotherulesofhavingtopublishaccountsetc.
Thecompanytypesstatedinad1section2caninsomeyearsavoidpublishing
accountsdependingonwhethertheymeetcertainlegalrequirementsornot.Factors
astheamountofcertainfiguresforvariousaccountitems,andtypeofownershipare
involvedhere.
TheCommercialRegister(CompaniesHouse)
yearend?
AccountsmustbeatCompaniesHousewithin5monthsfromtheaccountsclosing
date.ForPublicLimitedCompaniesthisis4months.
Approximately4months.
Therearecertainlegaldirectionsforfiling(theformatof)accountsbutnotacertain
standard.
form: Youcangetahardcopyoftheaccountsoryoucangetitemailed.Youcan
alsogettolookattheaccountsatCompaniesHouseonaPC.
price: Hardcopy:100DKK,email:37DKK,lookupatCompaniesHouseFree
place:Erhvervs&Selskabsstyrelsen
TheCommercialRegister(CompaniesHouse)
Kampmannsgade1
DK1780CopenhagenV
Yes
KOBA/S
Everythingispossiblehere,thereareexamplesoffiledaccountsnotbeingpublished
formonths.KOBevenhavetocheckuponCompaniesHousebecausetheyregularly
failtodeliversomeofthepublishedaccounts.Normallythoughittakesnomorethan
350
Datadetails
upto14daysfromthefilingofanaccountatCompaniesHousetothepublishingof
theaccount,andfrom15workingdaysfortheaccounttobeappearingonKOBs
database.
1week
15.2.1.2.11
Estonia:detailsaboutthecollectionofaccount
Public&privatelimitedcompanies,cooperatives
C.a.40,00045,000
soletraders
partnerships
association
No
TradeRegister=CommercialRegister
yearend?
6months
46months
Yes
form:Standardised
price:25EEK
place:Register=CommercialRegister
Yes
Krediidiinfo
12months
36months
15.2.1.2.12
Finland:detailsaboutthecollectionofaccount
AlljointstockcompaniesandallcooperativesLimitedpartnerships,partnershipsandprivate
351
OrbisUserGuide
firms,whichmeettwoofthefollowingthreeconditions:
turnoverover7.30millionEUR
balancesheettotalover3.65millionEUR
numberofpersonnelover50
Theexactnumberisnotknown,buttheestimateisapprox.120,000companies
Whichtypeofcompanieslegallydonothavetofileanyformofaccountseventhoughthey
wouldmeettheselectioncriteriaforOrbis?
Allothercompaniesexcepttheonesstatedabove.
Cancompaniesfilelessinformationthanthepreviousyearsornotfileaccountsatallin
someyears?Ifso,why?
Yes
1. Ifthecompanyisalimitedpartnership,partnershiporfirm,andthecompanyssizehasfallen
belowthelimitvaluesmentioned
above,thecompanyisnotobligatedtofiletheaccounts
2. ifonlyoneofthefollowingthreelimitvaluesismet:
a) turnoverover3.4millionEUR
b) balancesheettotalover1.7millionEUR
c) numberofpersonnelover25, thecompanycanfileitsaccountsinashortenedform,inwhich
noturnoverordirectcostsare
shown
AttheTradeRegister
Whatisthemaximumperiodacompanycantaketofileitsaccountsafteritsyearend?
6months
10months
YestheaccountshavetobemadeonthebasisofformulasaccordingtotheBookkeepingAct
form:officialaccountscontainingtheannualreport,profitandlossaccount,balancesheet,notes
totheaccounts,andauditreport
price:dependingonthecase,from5to10EUR
place:theTradeRegister
No,approx.70%ofthecompaniesobligatedtofiletheiraccountsdoitontime
SuomenAsiakastietoOy
Whatisthemaximumpossibleperiodbetweenacompanyfilingitsaccountsandthe
Approx.4months
Whatistheaverageperiodbetweenacompanyfilingitsaccountsandtherecords
appearingonthedatabase?
Approx.1month
15.2.1.2.13
352
France:detailsaboutthecollectionofaccount
SA,SARL,SCA,SCACS,SAS,EURL,SADIR,SNCofwhichthepartnersarenot
individuals.
Datadetails
1,000,000
Whichtypeofcompanieslegallydonothavetofileanyformofaccounts
eventhoughtheywouldmeettheselectioncriteriaforOrbis?
SNC,AffairesPersonnelles,Coopratives,SCI,Administration,Associations,GIE,
Ingeneralnot
Courts(TribunaldeCommerce,TribunaldeGrandeInstance)
yearend?
6months(4monthsforlistedcompanies)
78months,exceptforquotedcompanies
Yes
form:Paperandonline
price: 15EUR
place:Courts
65%
COFACESCRL
4months
1month
15.2.1.2.14
Germany:detailsaboutthecollectionofaccount
Corporateenterprises(AG,GmbH)andcooperatives(e.G).
Smallcooperateenterprises:approx.950.000
definition(267HGB):
staff:<=50individuals
turnover:<=8.030TEUR
totalassets:<=4.015TEUR
atleasttwocriteriamustapply
Theyhavetoannounceonlythebalancesheetinformationandthenotesontheaccounts.
mediumsizedcooperateenterprises:approx.60.000
definition(267HGB):
staff:between50and250individuals
turnover:between8.030TEURand32.120TEUR
totalassets:between 4.015TEURand16.060TEUR
353
OrbisUserGuide
Theyhavetoannouncethebalancesheetinformationaswellasthestatementofincomeandthe
notesontheaccounts.
bigcooperateenterprises:approx.15.000
definition(267HGB):
staff:morethen250individuals
turnover:morethen32.120TEUR
totalassets:morethen16.060TEUR
notesontheaccounts.
cooperatives:approx.7.500
notesontheaccounts.
Whichtypeofcompanieslegallydonothavetofileanyformofaccountseventhoughthey
wouldmeettheselectioncriteriaforOrbis?
Privatecompanies.
Cancompaniesfilelessinformationthanthepreviousyearsornotfileaccountsatallin
someyears?Ifso,why?
Ingeneralnot.
bigcooperateenterprises:Bundesanzeiger
smallandmediumsizedcooperateenterprises:RegisterCourt
cooperatives:cooperativeregister
Whatisthemaximumperiodacompanycantaketofileitsaccountsafteritsyearend?
12months.
912months,exceptforquotedcompanies.
No.Creditreformenterallannualaccountsinastandardisedformula.
form:Copies
price:Different
place:Registercourt
Only10,000large/mediumcompaniesand25,000smallcompaniesarepublishingtheiraccounts.
CreditreformandCreditreformRatingAG
Whatisthemaximumpossibleperiodbetweenacompanyfilingitsaccountsandthe
Between1and3months.
Whatistheaverageperiodbetweenacompanyfilingitsaccountsandtherecords
appearingonthedatabase?
Between1and4weeks.
15.2.1.2.15
GreatBritain:detailsaboutthecollectionofaccount
Limited.
1,000,000
354
Datadetails
Unlimited.
Notunlesstheyhaveaturnoverlessthan10,000,000
CompaniesRegistryaGovernmentOffice.
yearend?
10MonthsforLimitedCompaniesand7forPLCs.
Notknown
Ofsorts.
form:Images
price:2.50EUR
place:CompaniesRegistry
Yes.
JordansLimited.
6weeks.
3weeks.
15.2.1.2.16
Greece:detailsaboutthecollectionofaccount
SocieteAnonymeandLimitedLiabilityCompanies.
SocieteAnonymeandLimitedLiabilityCompaniesrepresentthe55%oftotal
companies,wesendyou.
HowevertheSocieteAnonymeandLimitedLiabilityCompaniesthatpublishBalance
sheetrepresentthe3540%oftotalcompanies,wesendyou.
GeneralPartnerships,LimitedPartnerships,SoleProprietorships.
Yes,iftheyoperateunderliquidationstatus.
355
OrbisUserGuide
NationalPrintingInstitution.
yearend?
6months
2monthsforthestockcompanies,5monthsfortheremainingcompanies.
Yes.
form:Images.
Yes.
ICAP.
1015days.
35days.
15.2.1.2.17
HongKong:detailsaboutthecollectionofcompanyaccounts
TherearenolegalrequirementstofiletheiraccountsinHongKong.Publicquoted
companiesmaketheirfinancialstatementsavailableandallarecollected,analysedand
providedtothedatabase.
1100Approximately
Therearenorequirementsforcompaniestofiletheirannualaccounts
Thosecompaniesthatprovidefinancialinformationdonotnecessarilypresentina
standardisedformat,althoughinrecentyearsthetrendtoreportingunderIFRSare
improving.
Onlypublicquotedcompaniesaccountscangenerallybeobtaineddirectfromthe
company,orhardcopiesfromWorldboxAG.
Dataprovider:
WorldboxBusinessIntelligence
Maximumpossibleperiodbetweencompanypublishingtheiraccountsandtheinformation
appearinginthedatabaseis3months.
356
Datadetails
Generallyinthemonthfollowingpublication.
15.2.1.2.18
Hungary:detailsaboutcollectionofaccount
Allcompanieshavetofileaccounts,exceptprivateenterprises.Thecompanieshaveto
sendtheaccountstotheMinistryofJusticeandtotheRegistryCourt.Theoneperson
firmsandthelimiteddepositcompaniesdonothavetosendittotheMinistryof
Justice.
About40%.
Theprivateenterprisesarenotobligedtofileaccounts.
Thereareabout35differenttypesofaccounts.Theformdependsonthelegalform,
theregion,etc.
Incasethecompanydoesnotgivetheaccount,itmustpaysomepenalty,butthereis
nocontrollingandpunishingsystemanddoesnotwork.
MinistryofJusticeandtheRegistryCourt.
yearend?
Termofgivinganaccountis31May.TheproblemisthattheMinistryofJusticestarts
toprocessthedataatthattime,sotheseareavailableoncomputerfirstinNovember.
Thereareoftenmistakesandclericalerrorsinthereports.
BytheRegistryCourttheproblemis,thatthereisnotenoughtimeandcapacityto
classifytheaccountstothecompany'sdocuments,sothesedataarenotavailable
eventhoughthecompanyhasfiledthem.
Itistypicalthatcompaniesgivetheirbalancereportsonlyfortheendofterm,sofor
31May.Onlythosebalancesheetreportsmustbefiled,whichareacceptedbythe
owners/member'smeeting.Manycompanieswriggleoutoftheobligationasthe
ownersdidnotacceptit.
Partiallyyes,themainpointsofthebalancesheetreports.Thewholereporthastobe
publishedinthenewspapers.Companiesatstockexchangeareobligedtodoso.
YoucanseethedocumentsfreeofchargeattheRegistryCourtiftheyareavailable,
butthereislessandlessfromyeartoyearorbuyfromtheMinistryofJusticeforEUR
30onlyapprox.fromNovemberifthecompanyfileditandwasprocessedatall.
No,thatiswhyCreditreformupdatestheinformationfrequentlyfromvarioussources.
CreditreformHungary.
357
OrbisUserGuide
Thereisnomaximumperiod.Webuildourdatabasebasedonrequests,andwecollect
thedataofeverycompanywhenwemakeareport.
InHungarythebalancesheetsareusuallyavailableinthemiddleofthenextyear.So
thefirst2003accountsareavailablenow.Butwedonotprocessallofthemwhen
theywerepublished.
WecollectthebalancesheetsseparatelyforOrbisandweendeavourtogetmoredata
andthecurrentlyupdateddatawouldbeavailableforeveryone.
Itisnoteasytocalculatetheaverageperiod,but12monthsisagoodapproximation.
15.2.1.2.19
358
Iceland:detailsaboutthecollectionofaccount
Sameignarflag(fulfiltwooutofthethreefollowingprerequisites:totalassets>230
MLISK,operatingrevenue>460MLISK,averagenumberofemployees>50,orif
themothercompanyhastofileaccounts),Samvinnufelag,Samlagsfelag(ifmother
companyhastofileaccounts),Einkahlutaflag,Hlutaflag.
Approx.20,000companiesweretofiletheiraccounts.
EinkafyrirtaekiorProprietorship,NonProfitAssociations.
Yes,duetoactivity/incomechanges.
DirectorofInternalRevenue.
yearend?
8months.
10months.
No.
form:Paper
price:100ISK/page
place:DirectorofInternalRevenueOffice
Generallycompaniesdocomplywiththelegalobligation,butnotallofthem.
Icecreditinfo.
Approx.6weeks.
Datadetails
Approx.3weeks.
15.2.1.2.20
India:detailsaboutthecollectionofcompanyaccounts
WhichcompanieshavetofileAccounts?
Allcompanies,PublicorPrivate,registeredundertheCompaniesAct,1956atRegistrar
ofCompanies(RoCs)havetofiletheirannualaccounts.
Itrepresentsallregisteredcompanies.AsonOctober31,2004thereare665,221
registeredcompaniesinIndia.
None.
Cancompaniestofilelessinformationthanthepreviousyearsornotfile
accountsatallinsomeyears?
Thecompaniesarerequiredtofilefullinformationontheirannualaccountsineach
accountingyear.Incasethereisachangeintheaccountingyear,thecompaniesmayfile
18monthendingaccountsor6monthendingaccounts.
TheannualaccountsarefiledattheRegistrarofCompanies(RoCs).
Whatisthemaximumperiodthatacompanycantaketimetofileitsaccounts
afteritsyearend?
Thecompanieshavetofiletheirannualaccountswithin40daysoffromthedateofAGM
andthedifferencebetweentwoAGMscannotbemorethan18months.Otherwise,
companieshavetotakespecialpermissionnotfiletheiraccountsinthisstipulatetime
period.
Onanaverage,companiestake67monthsfromthecloseoftheaccountingyeartofile
theiraccounts.
Istheformatoftheaccountsstandardized?
Theformatofaccountsisstandardised.
TheaccountsareavailabletopublicatapricefromRoCs.
DocompaniesgenerallycomplywiththelegalobligationinIndia?
Asfarasfilingofaccounts/formsareconcerned,about50%60%companiesoutofallthe
registeredcompaniesactuallyfiletheiraccountsregularly.
SourceofData
CMIE
Themaximumtimeperiodbetweenthecompanyfilingtheaccountsandtherecords
appearingonthedatabaseis4months.
Theaverageperiodbetweenacompanyfilingitsaccountsandtherecordsappearingon
thedatabaseisonemonth.
359
OrbisUserGuide
15.2.1.2.21
Ireland:detailsaboutthecollectionofaccount
Limited.
100,000.
Unlimited.
Yes,Becauseofsection17.
IrishCompaniesRegistry.
yearend?
9months.
Notknown.
No.
form:Images
price:2.50EUR
place:IrishRegistry
Juststartingto.Finesimposedforlatefiling
JordansLimited.
16weeks.
1214weeks.
15.2.1.2.22
Italy:detailsaboutthecollectionofaccount
1. Whichcompanieshavetofileaccounts?
Thefollowingtypesofcompanieshavetofileaccounts:
360
S.p.A.(SocietperAzioni),
S.r.l.(Societaresponsabilitlimitata),
Sapa(Societinaccomanditaperazioni),
SocietCooperative,
SocietConsortili,
G.e.i.e,Societdipersone(onlyconsolidatedaccounts),
ConsorziconqualificadiConfidi.
Datadetails
2. Howmanycompaniesdoesthatrepresent?
Approximately800.000
3. Whichtypeofcompanieslegallydonothavetofileanyformofaccountseven
thoughtheywouldmeettheselectioncriteriaforAIDA?
None
4. Cancompaniesfilelessinformationthanthepreviousyearsornotfileaccounts
Companiescanfileaccountsineitherthecompleteformatandintheabbreviatedformat.
Acompanyhastofileinthecompleteformatiftwoofthethreefollowingcriteriaare
fulfilledinthefirstyearorfortwoconsecutiveyears:
3.
a. Totalassets>=6.650.000Euro
b. Revenuefromsalesandservices>=7.300.000Euro
c. Averagenumberofemployees>=50
4. Wherearetheaccountsfiled?
AccountsarefiledattheChamberofCommerce
5. Whatisthemaximumperiodacompanycantaketofileitsaccountsafterits
yearend?
7months
6. Whatistheaveragetimeoffilingaccountsbythecompanies?
5months
7. Istheformatoftheaccountsstandardised?
Yes
8. Atwhatconditionsaretheaccountsmadeavailabletothepublic?
8.
Form:Pdfandpaper
Place:ChamberofCommerce
9. Docompaniesgenerallycomplywiththelegalobligation?
Yes
10. Whatisthemaximumpossibleperiodbetweenacompanyfilingitsaccountsand
Notknown
11. Whatistheaverageperiodbetweenacompanyfilingitsaccountsandthe
Notknown
15.2.1.2.23
Japan:detailsaboutthecollectionofcompanyaccountsc
WhichcompanieshavetofileAccounts?
Allsortsofcorporationsareobliged.However,incaseofmediumandsmallcompanies,
theobligationissometimesdispensableonpresentshowing.Alloflistedcompanies
shouldsubmitfinancialstatementstostockexchangestowhereeachcompanybelongs.
Inaddition,companieswhichneedapermitorlicenseforstartinguptheirbusinesssuch
361
OrbisUserGuide
asconstructioncompanies,buildingandhousesalesagentsetcaretobefiledintoeach
authoritywheretheirindustriesbelong.
Companiesareobligedtosubmittheirfinancialstatementseveryyearwithnoexception.
Formatofstatementsbasicallydependsoneachcompanyoreachauthorityalthough
obligatorycontentsaremoreandlessfixed.Informationquantitymightbedifferedwithin
therange.
Atstockexchangesorauthoritieswherecompany'sindustrybelongsto.
Whatisthemaximumperiodthatacompanycantaketimetofileitsaccounts
afteritsyearend?
About3monthsafterclosingitsaccount.
Itdependsoneachauthority.Someauthoritiesforceaffiliatedcompaniestosubmittheir
statementsinsameformat,butsomearenot.
Youhavetovisitdirectlyatanauthority,towherethecompany'sindustrybelongs,to
examineorobtainfiledcompany'sstatement(formatissameaswhichthecompany
submits).IncaseoftheLegalAffairsBureau,youpay300yenforarevenuestamp.In
theothercases,youmightpaynothingorpaymore.
DocompaniesgenerallycomplywiththelegalobligationinJapan?
Yes,comparedwithcompaniesinwesterncountries.
15.2.1.2.24
Latvia:detailsaboutthecollectionofaccount
Allcompanies,exceptindividualmerchants,soleproprietorenterprises,peasantfarms
andfishermensfarmswhoseannualturnoverdoesnotexceedLVL45,000(EUR64.3
thousand).
Approximately50thousand.
None.
No.
CommercialRegister*(forpublicaccess),TaxAuthority,andCentralStatistical
Bureau.
yearend?
From4to10months,dependingontypeandsizeofenterprise.Moreoverlonger
termshavemostofthecompaniesthatconformtothecriteriaforOrbis.
About30%ofthecompaniesfileannualreportswithdelay.Upto10%ofthe
companiesdonotsubmitannualreportstotheCommercialRegisteratall.
362
Datadetails
Yes.
form:Paper(photocopy)
price:LVL0.75(7.501.110.7EUR)
place:CommercialRegister
9095%ofactivecompanies
CreditreformLatvia.
9months.
45months.
15.2.1.2.25
Lithuania:detailsaboutthecollectionofaccount
Alltypesofcompanies.
134,816.
None.
Companyisobligedtofileaccountseveryyear.
InStateTaxInspection(closeddatabase)
InStateCenterofRegisters(closeddatabase)
InCompany'sOffice
yearend?
CompanymustmakeandconfirmaccountinStateTaxInspectiontillnextyear
October1st.
SinceJune1st,tillOctober1st.
Yes.
TheaccountsofopenedJointstockcompaniesareavailableforfree.
TheaccountsofalltheotherstypesofcompaniesmaybepurchasedfromStateCenterof
Registersifthecompanypresentitthere.
100%ofcompaniescomplywithobligationtopresenttheiraccountstoStateTax
Inspection.
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OrbisUserGuide
However,thecompaniesofclosedtypes(mainlyUABLimitedliabilitycompanyand
someother,approx.50000)havetopresenttheiraccountstoStateCenterof
Registersaswell.Only30%ofthemcomplywiththatobligation
CreditreformLietuva.
Providedthecompanypresentits2003annualaccountby2004Oct01,therecordin
bothStateCenterofRegistersandStateTaxInspectionDBsmayappearin2005Oct
01.I.e.maxperiodis12months.
Averageperiodis67months.
15.2.1.2.26
Luxembourg:detailsaboutthecollectionofaccount
Public(S.A.),limited(S.A.R.L.)
Notpossibletofindout:thereareintotalabout25.000companiesand15.000
Holdings,total40.000.
Allothertypes,resp.enterpriseindividual,SECSSENC,Asbl,etablissementpublic,
foundation,GIE
Insomesectors,companiescanfilelessinformationthanthepreviousyears,because
theformatoftheaccountsisnotstandardised.However,theyhavetofileaccounts
everyyear.
OfficialTradeRegisterinLuxembourgorDiekirch.
yearend?
Nolimit.
1.5year.
No.
form:Paper
price:0,50/page
place:Officialtraderegister
Yes
CreditreformLuxembourg.
364
Datadetails
2months.
Dependingontherequest,1month.
15.2.1.2.27
Korea(Rep.of):detailsaboutthecollectionofcompanyaccounts
AccordingtotheActofExternalAuditofCorporations,astockcompanywhosetotal
valuesofassetsasoftheendofimmediatelyprecedingbusinessyeararenotless
than7billionwonissubjecttoanaccountingauditbyanexternalauditorwithrespect
tothefinancialstatements,consolidatedfinancialstatementsandcombinedfinancial
statements.
Thereare13,996companiesintotalinKoreaasofMarch2,2005,whichhavetofile
accountsaccordingtotheAct.Thisfigureincludes1,585listedcompanies.
thoughtheywouldmeettheselectioncriteria ?
Companiesexemptedfromtheexternalauditareasfollow:
stockcompaniestowhichtheFrameworkActonAdministrationofGovernment
InvestedInstitutionsappliesstockcompanieswhosebankaccountissuspended
(transactionisdeclined)byfinancialinstitutionsarticulatedundertheBankingAct
stockcompaniesinliquidationorcloseddowntheirbusinessmorethanayear
stockcompanieswhosecommencementofliquidationwasdeclaredunderthe
CompanyReorganizationAct
companiesunderM&AprocessundertheCommercialLaw,whicharesupposedtobe
dissolvedinthecurrentbusinessyear
otherstockcompanieswhoseexternalauditwasexemptedbytheSecuritiesand
FuturesCommission(SFC)undertheActArticle2
Yes,theycan.Therecouldbeseveraloccasionsforthis.Somecompaniesabridge
someoftheiraccountsinthefinancialstatementsastheirbusinessesactivities
expanded.Ortheyalsomaydosoiftheymakeotherchangesintotheirbusiness
activities.Inothercase,companiescanbecomefallshortofthecriteriaarticulatedin
theActandarenotsubjecttoitanylonger.AndiftheAccountingStandardchanges,
theaccountscompaniesfilecanalsobechanged.
Companiessubjecttoanexternalauditshouldsubmittheirfinancialstatements,when
theyareapproved,totheSFC.However,incastthefinancialstatementswhichhave
beenapprovedbyanordinaryshareholder'smeetingarethesameasthoseattached
totheauditreportwhichshouldbesubmittedtotheSFCbyandanauditor,theyare
notrequiredtobesubmittedtotheSFC.
yearend?
AnexternalauditorshouldfilethebusinessreportwiththeSFCandtheKICPAwithin
threemonthsaftertheendofeachfiscalyear.Andthestockcompanyinreceiptofan
externalauditreportshouldsubmitthefinancialstatementswhichareapprovedatthe
ordinaryshareholders'meetingtotheSFCwithinfollowingtwoweeks.
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OrbisUserGuide
Itusuallytakesabouttwotothreemonths,butmostofthecompaniesfiletheir
accountsattheendofMarch.Listedcompaniestendtosubmitthemearlier.
Yes,itisstandardized.
Theaccountsarepubliclynotifiedaselectronicdocumentsandyoucanreviewthem
ontheFinancialSupervisoryServiceortheKoreaExchangewebsitefreeofcharge.
Yes,mostofthecompaniesdo.WhenacompanyviolatestheAct,theSFCwillimpose
thepenaltiesprescribedinthePresidentialDecree.
Dataprovider
KISInfo
Asforalistedcompany,itmaytakeaslongastendaysfortherecordstobe
presented.Ifitisanunlistedcompany,itcouldtakeamonthmaximum.
Ittakesaboutaweekonaverageforalistedcompany,andtendaysforanunlisted
company.
15.2.1.2.28
MainlandChina:detailsaboutthecollectionofcompanyaccounts
ByCompanyLawofthePeople'sRepublicofChina,allcompanieslegallyrunning
businessinPRCmustfileannualaccountsbytheendofeachaccountingyear.An
accountingyearisfrom1stJanuaryto31stDecember,incalendar.
Thereare5millioncompaniesregisteredinChina,ofwhich300,000withaccounts.Orbis
doesnotcoverallbecauseoftheabilityofSinoRatingtocollectalltheaccounts.
Whichtypeofcompanieslegallydoesnothavetofileanyformof
accountseventhoughtheywouldmeettheselectioncriteriaforOrbis?
None.
ByCompanyLawofthePeople'sRepublicofChina,allthecompaniesneedtocompose
financialaccounts.Itiscompulsoryforcompaniestofilethefundamentalaccounts
requestedbylaw.Companiesneedtofiletheseaccountseachyear.
Besidestherequestedaccounts,companieshaveflexibilitytofilemoreinformationifthey
sochoose.Hence,theamountofinformationavailableforaspecificcompanymayvary
fromyeartoyear.
366
Datadetails
TheaccountsshouldbefiledtoAdministrationofIndustry&Commerce,and,ifapublic
listcompany,ChinaSecuritiesRegulationCommission.
Whatisthemaximumperiodacompanycantaketofileitsaccounts
afteritsyearend?
Sixmonthsaftertheendoftheyear.
Yes.TheformatisregulatedbyChinaAccountingStandard(CAS),byMinistryofFinance,
PeoplesRepublicofChina.
Atwhatconditionsaretheaccountsmadeavailabletothepublic(form,
price,andplace)?
Accountsforprivatelyownedcompaniesarenotavailabletothegeneralpublic.
Accountsforpubliclyownedcompaniesareavailablefreeofcharge.
Yes.
Whatisthemaximumpossibleperiodbetweenacompanyfilingits
accountsandtherecordsappearingonthedatabase?
Itiscompulsorythatallthecompaniesfileaccountswithin6monthsafteryearend.It
normallytakesabout3monthsfortheAdministrationofIndustry&Commerceto
organizetheaccounts.Hence,Septembershouldbethereasonabletimeforannual
accountsappearingonthedatabase.
Whatistheaverageperiodbetweenacompanyfilingitsaccountsand
SinoRatinghasnorighttocollectfinancialinformationfromcorporations.SinoRatingdoes
completesynchronizationonetimewithBureauofStatisticsandAdministrationof
Industry&Commerceonceayear.Hence,themaximumpossibleperiodandtheaverage
periodarethesame.
Whatisconsideredasanaccountingyear?
Chineselawdefinestheendofanaccountingonthe31stofDecember.
Whencomparingfinancialdatathroughtime,whydovaluesfor2004
systematicallyseemtostandout?
In2004,theChinesegovernmentundertookthefirstnationwideeconomiccensus.The
censusissupportedandregulatedbyChineseCensusLaw,itsexecutionandprocedure,
areclearlyregulatedbythelaw.Thecensusisahugeandcomplexprojectinacountry
likeChina.Hence,itwillnotbeundertakenforeveryyear.
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OrbisUserGuide
The2004financialsinQinareacquiredfromthecensus(1st EconomyCensusData).
Therefore,theyhavebeencollectedandpreparedusingadifferentmethodologytothose
ofotheryears.Whencomparing2004financialswithothers,differencesshouldbe
noticed.
15.2.1.2.29
Malaysia:detailsaboutthecollectionofcompanyaccounts
Alllistedcompaniesarerequiredtofiletheiraccounts.Samegoeswithprivatecompanies
.
962listedcompanies.Wedonotknowthenumberofprivatecompanies.
Nonewebelieve.
Cancompaniesfilelessinformationthanthepreviousyearsornotfileaccounts
Yes.Companies,whichareunderPN4andPN17sometimes,donotfiletheiraccounts.
Bursaclassifiedsomelistedcompanieswithfinancialproblemunderthesetwocategories
PN4andPN17.
ListedcompaniesBursaMalaysiastockexchange.
PrivatecompaniesRegistrarofcompanies
yearend?
3monthsforpubliclisted.6monthsforprivatecompanies.
23monthsforpubliclisted.6monthsforprivatecompanies.
Yes
Bothprivateandlistedcompaniesreportsareavailabletopublic.
Yes
2monthsforlistedcompanies.Longertimeframeforprivatecompaniesduetoreasons
asdescribedinpoint12below.
Forlistedcompanies,theyareupdatedwithin24hrsafterreleasedatthestock
exchange.However,ifthereportswerereleasedinbulk,thetimeframewouldbewithin
1to2months.Forprivatecompanies,wedonotknowwhenthecompanywouldfile
theirreport,wewouldgoinJulytogetthereportsbecausebyJuly,mostifnotallwould
havefiledtheirreports.
368
Datadetails
15.2.1.2.30
Moldova:Detailsaboutthecollectionofcompanyaccounts
InvestmentFunds
FiduciaryCompanies
ManagementFunds
IndependentRegistrars
Brokers
TheStockExchange
Depository
AuditingCompanies
SecurityAdvisors
Dealers
OpenJointStockCompanies
ClosedJointStockCompanies
JointVentures(authorisedcapitalcomprisesbothforeignanddomesticinvestment)
Trusts
SoleTraders
Branchesofforeigncompanies
LimitedLiabilityCompanies
Over3500JSCsofwhichmorethan2000areopentypeandinformationisavailable
None
Companiesareobligedtokeepthelaw,theformandthetimeofsubmissionof
information.Manyofthemhowevercandecidenotofileanyinformationasfaras
sanctionsfromtheNationalCommissionarebearableandarerarelyinitiatedwhich
hasbeenthecaseforthepasttwoyears.
Onlegalgroundshowevercompaniesarerequiredtosendthesameinformation.Any
changesintheiraccountswillappearonlyifthefinancialtemplatefromthe
Commissionisaltered.
Territorialfinancialauthority,NationalSecuritiesCommission,CentralBankof
Moldova.
Openjointstockcompaniesshouldpublishtheirannualfinancialstatementsina
newspaper.
yearend?
Allcompaniesshouldsubmittheirannualfinancialstatementstotheterritorial
financialauthoritybythe25thofthefollowingmonthforquarterlyreportingandby
March15ofthefollowingyearforannualreports.
Thefinancialyearisthecalendaryear.Businessesarerequiredtopreparefinancial
statementsquarterlyandannually.
Annualfinancialstatementsshouldincludeabalancesheet,profitandlossaccount,
cashflowstatement,astatementofchangesinequityandnotes,allintheprescribed
format.
TheAccountingLawrequiresaspecificchartofaccountstobeusedforallentitiesand
prescribesastructuredformforstatutoryreportinglinkedtothespecificchartof
accounts.
369
OrbisUserGuide
Exceldocumentuponwrittenrequest
Closeto1000outof3500wouldcomply.
6months*
6months*
*Betweenthe15Marchand15Julytheinformationisnotdisclosedtothepublicuntilthe
NationalSecuritiesCommissionissuesaspecificdecision.Theinformationwouldusuallybe
availableafterH1
15.2.1.2.31
370
TheNetherlands:detailsaboutthecollectionofaccount
Alllimitedcompanies(B.V.sandN.V.s)andsomesoletradersandcooperations.
520,000
SoleTraders,Federations,Foundationsandparticipations,whichareconsolidatedin
holdingandcompaniesforwhichaliabilityguaranteeisfiled
Yes,ifacompanydecreasesinsize,itispossiblethatitdoesn'tthavetofileaP&L
accountanymore.Furthermore,therearelegalexceptionslikeresponsibility
statements(aansprakelijkheidsverklaringen).
Oneofthe21regionalChambersofCommerce
yearend?
13months.
810months.
No.
form:Paperandonline(standardisedformatandPDF)
price:2,90EURforoneyear
place:Throughtheinternetandoneofthe21regionalChambersofCommerce.
70%.
LexisNexisBenelux,Graydon&ChambersofCommerce.
Datadetails
60days+2weeks.
4weeks.
15.2.1.2.32
NewZealand:detailsaboutthecollectionofcompanyaccounts
CompaniesinNewZealandarenotrequiredtofiletheirfinancialstatementswiththe
authorities,unlessunders19oftheFinancialReportingAct1993("theFRA"),they
are:
Asubsidiaryofacompanyorbodycorporateincorporatedoverseas
Acompanyinwhich25percentormoreofthevotingsharesareheldby:Acompany
orbodycorporateincorporatedoverseas
Asubsidiaryofacompanyorbodycorporateincorporatedoverseas
Asubsidiaryofasubsidiaryofacompanyorbodycorporateincorporatedoverseas
ApersonnotordinarilyresidentinNewZealand.Publicquotedcompaniesmaketheir
financialstatementsavailableandallarecollected,analysedandprovidedtothe
ORIANAdatabase.
6,000approximately
yearend?
5monthsand20days
Around4months
improving.
Publicquotedcompaniesaccountscangenerallybeobtaineddirectfromthe
company,orhardcopiesfromWorldboxAG.Foreigncompaniesaccountsareavailable
underwww.companies.govt.nz
Yes.
Dataprovider
WorldboxBusinessIntelligence
Maximumpossibleperiodbetweencompanypublishingtheiraccountsandthe
informationappearinginthedatabaseispresentlyupto4months.
15.2.1.2.33
Norway:detailsofthecollectionofaccount
371
OrbisUserGuide
Limited.
Approximately120,000.
Solepropertycompanies.
Lessinformationispossible,whenthecompanyforexampleishavinglessactivity.All
limitedcompaniesareobligedtodeliveranaccounteveryyear,eveniftherehasbeen
noactivity.
CreditInformsownRegistry.
yearend?
6months.
45months(duetocompetitionadvantages/disadvantages).
Yes.
form:Asapapercopyonrequestfromofficialauthoritiesforapprox.
price:NOK150(oneyear),fromCreditInforminpaper,onlineordatafileforapprox.
NOK150(threeyears)(dependingonvolume)
place:OfficialauthoritiesorCreditInform
Yes.
CreditInform.
Approx.2months.
2 weeks.
15.2.1.2.34
372
Poland:detailsaboutthecollectionofaccount
Filingoftheaccounts:
AllcompaniesregisteredattheNationalCourtRegistry(KRS):jointstockcompanies
(S.A.),limitedliabilitycompanies(Sp.zo.o.),cooperatives,stateenterprises,etc.,
exceptforgeneralpartnership(sp.j.),professionalpartnership(sp.p.)thatdontreach
theannualturnoverof800,000EUR.
Publishingoftheaccounts:
Jointstockcompanies,banks,insurancecompanies,investmentfunds,plusothers
(limitedliabilitycompanies,cooperatives,largeprivatecompanies,etc.)complying
with2ofthefollowingcriteria:
Datadetails
averageannualemployment>50
totalassetsattheendofafinancialyear>2.5millioneuro
annualnetprofit>5millioneuro
Moreorless200000companies.Amongallofthesecompanies,app.10000
companiesarealsoobligedtopublishaccounts.
Privatecompanies,civillawpartnership(S.C.),smallcompanies.
SomepositionsofBalanceSheetsandProfitandLossAccountsmaynotbefilledinby
companiesduetodifferentreasons.Sometimescompaniestrytohidetheirfinancial
datafromcompetitionorgeneralpublic.TheLawofAccountancycontainsregulations
regardingobligationoffillingandpublishingtheaccountsbutnotallofthecompanies
obeytheserules.
AccountsarefiledtotheNationalCourtRegistry(KRS)andsomeofthemare
publishedat"MonitorPolskiB"(journalforentities)orMonitorSpdzielczyB
(journalforcooperatives).
yearend?
StatementsshouldbeconfirmedbyJune30th,andthenfiledtotheKRS, asecond
versionmaybefiledtotheKRSuntilSeptember30th, aftertheauditing.
Difficulttoverifydelaysoccurveryoftenfromvariousreasonsaccountsmaybe
sendbacktothecompanyafterfillingasthecompanymaynothavepaidthefeefor
filing.Bureaucracymayalsocauseadelaynotenoughpeopleworking,accountsare
layingonshelvesformonthsbeforetheyreputintotherightfiles.
No.
Themajorpublicsourcesforthecompanysaccountsare:
1.Journalsforentitiesandforcooperatives(MonitorPolskiBandMonitor
SpdzielczyB)
2.NationalCourtRegistry(KRS)
FromallcompanieswhichareobligedtofiletheiraccountsinKRSonlyapp.50%of
themdothat.Generally,thecompaniestakeasmuchtimeastheycan,ortheydon't
filetheaccountsatall.Thefinesfortheseillegalactionsareverylow.Fromtheother
handthecostofpublishingtheaccountsishigh.
InfoCreditcollectsinformationfromNationalCourtRegistry,journalsforentitiesand
cooperatives,JudicialandBusinessJournal(MonitorSdowyiGospodarczy,directly
fromthecompanies,aswellasotheralternativesources(ifnecessary).
13monthsifthefilesareaccessible.
373
OrbisUserGuide
App.1month.
15.2.1.2.35
ThePortugueselawcompelsallthecompaniestodeposittheBalanceSheet.
Therefore,about57,500balancesheetsarepublicinformation.
These57,500balancesheetscorrespondtoasmallpercentageofthetotalityof
Portuguesecompanies,ifweverifythatthetotalitynumberoftheuniversehasabout
800.000companies.Thatmeansthatpracticallythecompaniesdonotdeliverfinancial
information.
IndividualEntitieswithoutbusinesses
Yes.Asacompanymaybe,forinstanceundera"CompaniesRecoveringProcess".
CommercialRegistryOffice.
yearend?
6months.
Unknown.
No.
form:Paper
price:3EURO(mediumprice)
place:CommercialRegistryOffice
No,mostcompaniesprefertopaythefinesthatarebetween49.88EURand498.80
EURaccordingtotheregisteredcapital.
CofaceMOPE.
6months.
2months.
15.2.1.2.36
374
Portugal:detailsaboutthecollectionofaccounts
RepublicofMacedonia:detailsofthecollectionofaccount
NoneatpresentOnlysomelistedcompaniespublishtheirbalancesheets.
Datadetails
ZPP(ZavodzaPlatenPromet).
yearend?
8months.
3months.
Yes.
No.
9095%ofactivecompanies.
CreditreformRepublicofMacedonia.
2years.
1year.
15.2.1.2.37
Romania:detailsaboutthecollectionofaccount
Jointstockcompanies,partnershipslimitedbyshares,limitedliabilitycompanies,state
ownedconcerns,cooperativecompanies.
500,000.
Generalpartnerships,limitedpartnerships,publiclimitedcompanies.
Yes,itispossiblethatsomecompaniesdonotfiletheiraccountsbecausethepenalties
areverylittle.
Theaccountsarefiledatfiscalofficeandthetraderegistryoffice.Theonefiledatthe
traderegistryofficeispublic.
375
OrbisUserGuide
yearend?
15Aprilofeachyear.
2months.
Yes.
form:Certifiedcopy
price:$65.00
place:attheNationalTradeRegistryOfficeandatanycountytraderegistryoffice
Yes.
ChamberofCommerceandIndustryofRomania.
Sincethelimitof15April,theNationalTradeRegistryOfficefinishesthecentralization
ofallrecordsfromanycountrytraderegistryofficeby15August.
15days.
15.2.1.2.38
RussianFederation:Detailsaboutthecollectionofcompanyaccounts
Alljuridicalpersonshavetorepresenttheiraccounts(individualentrepreneurs
(manufacturers)andfarmsarenotjuridicalpersons)
Approximately40%ofallactivecompaniesfiletheiraccounts.So,ifthereare1,500,000
registeredactivecompaniesinRussia,theaccountsareavailableforapproximately
800,000companies.MostoftheseareincludedinRuslana.
Whichtypeofcompaniesdonothavetolegallyfileanyformof
accounts?
Arenotobliged:individualentrepreneurs(manufacturers)andfarms.
BanksandothercreditinstitutionsfiletheiraccountstotheCentralBankoftheRussian
Federationanditslocalsubdivisions.Thisinformationisavailableonlyifitwaspublished
bytheCentralBankorbythecompany(bank)itself.
InsurancecompanieshavetorepresentaccountstotheStateStatisticsBodies.As
practiseshowsthereisnoaccesstothisinformation.
Adiminishedscopeofinformationcanbepresentedonlyifstatechangesthestandards
fortheaccountsthatshouldbepresented.
376
Datadetails
Practiseshows(notinaccordancewiththelaw)thatcompaniesdonotfiletheiraccounts
becauseof:
carelessness
intentionalconcealment
terminationofactivity
officialliquidation
Whatarethemainsourcesofinformation?
FederalStatisticsService:
TheFederalStatisticsServicesupplies
CreditreformSt.Petersburgwithinformationfrom
itsdatabaseoffinancialstatementsandthe
GeneralStateRegisterofEnterprises.
CreditreformSt.Petersburghasthearchive
databasesince1996.Thisrepresentstheonly
officialsourceinRussiaforfinancialinformation
aboutallprivatecommercialRussiancompanies.
Updated:weekly,financialstatements
annually.
FederalFinancialMarketsService:
Theresolutionrequiresopenandclosedjoint
stocktodiscloseinformationsuchasshareissue
prospectuses,quarterlyreportsandreleaseson
majorevents.Thedatabasecontainsinformation
aboutcompanystructure,governingbodies,
financialstatements,securities,businessand
manyotherissues.
Updated:daily.
FederalTaxService:
TheFederalTaxServicesuppliesCreditreform
St.PetersburgwithinformationfromtheSingle
StateRegisterofLegalEntities.TheRegister
containscompanynames,singlestateregistration
numbers,ownershipformsandinformationabout
liquidation.
Updated:monthly.
TheCentralBankofRF:
TheCentralBankofRussiaprovidesfinancial
statementsofallRussianbanks.Thefinancial
dataincludesBalanceSheetandIncomeandLoss
Statement(forms101and102).
Updated:monthly.
Regionalbusinessreferencebooks
andtelephonedirectories:
Internet:
Pressinformation:
Thebusinessreferencebooksandtelephone
directoriescontainupdatedaddresses,phone
numbersandothercontactdetails.
Updated:monthly/annually(dependingon
region).
Descriptionofbusiness,developmentplans,
milestones,courtrulingsandliabilities.
Latestnews,newsarchivesearch.
377
OrbisUserGuide
When&wherearethecompaniesobligedtofileitsaccountsaftertheyear
end,accordingtotheRussianLegislation?
April:
JuneJuly:
September:
allcompanieshavetillthe1stofApriloftheyearthatfollowsthefinancial
yeartofileitsannualaccountsfortheTaxauthorities.
Forthe1stofAprilaccountshavetobesubmittedtotheStatisticalCommittee
too.
MeetingoftheBoardofdirectors:auditedaccountsarepresentedtothe
shareholders.
thedatabasefromtheStatisticalCommitteeisreadyforpublication.
WhendoaccountsappearintheRUSLANAdatabase?
June:
October
November:
theaccountsonseparatecompaniesareavailableinthedatabase.
theaccountsofallcompanies,thathavesubmittedtheirannualreportstothe
StatisticalCommittee,areavailable.
Thereisnosuchkindofinformation.Practiseshows,thatacompanycanfileannual
accountswithdelay,thatmeansbreakingofterms.
StandardisedbytheFinanceMinistryoftheRussianFederation.
PractiseshowsthatinRussiatheaccountsarenotavailabletothepublicinafullsenseof
thisexpression,excludingthecaseswhenacompanyrepresentsthesedatainthepublic
pressitself.
Practiseshowsthatthediligencecompaniestrytocomplywiththeirlegalobligations.
15.2.1.2.39
SerbiaandMontenegro:detailsaboutthecollectionofaccount
Eachandeveryregisteredandactivecompany,regardlesstoitslegalform(Ltd.,Joint
Stockcompany,PublicorStatecompany,Cooperativesociety,Limitedpartnership,
Generalpartnership,Sociallyownedcompany)andsizehavetofileaccounts.
Nearly80,000companies
EveniftheywouldmeettheselectioncriteriaforOrbis,followingtypeofcompanies
legallydonothavetofileanyformofaccounts:Soleproprietorship,Workshopsand
Tradingshops.
378
Datadetails
Companiesarenotallowedtofilelessinformationthanthepreviousyearsornotfile
accountsatall,withanexceptionifthesubjectcompanywentunderbankruptcy
proceedings.
PaymentTrafficServiceoftheNationalBankofSerbiaandMontenegro
yearend?
2months
2months
Yes
Accountsareavailabletothepubliconlyiftheyarepublishedbythecompanyitself.
Otherwisetheaccountsarenotavailabletothepublic.Legislationreferringtothis
matterisnotclear.
Yes
MIDGroup
7months.Thisperiodisneededfortheofficialauthoritiestoprocessthedataforthe
wholecountry(economy).Immediatelyafterprocessingrecordsaretransferredto
MIDGroupdatabase.
5months
15.2.1.2.40
Singapore:detailsaboutthecollectionofcompanyaccounts
AllcompaniesexceptExemptedCompanies&Businesses
80,000
AllcompaniesexceptExemptedCompanies&Businesses.
ExemptedCompanieswhocannotobtainanexemptioncertificationfromtheir
auditors.Usuallywhentheyarenotprofitable.
AccountingandCorporateRegulatoryAuthority
379
OrbisUserGuide
yearend?
6monthswithoutbeingfined.
69months.
No
ViaDP'swww.questnet.sgorviaavisitDP'sBureauCenteratInternationalPlaza
Yes.
15.2.1.2.41
380
Slovakia:detailsaboutthecollectionofaccount
AllcompaniesfiledinBusinessRegister.
About100,000(manycompaniescouldbeinactive,onlyregisteredwithnofinancial
statement).
PrivateEntrepreneurs.
CompaniescanputintoBRfullFSorshortedFS.
TaxofficeandBusinessRegister.
yearend?
6months.
6months.
Yes.
form:HardcopyinBR
place:ObchodnyVestnik(=OfficialBulletin)
Thereisnocontrol.
CreditinfoSlovakia,s.r.o.
45weeks.
Datadetails
3weeks.InindividualcasesweareabletogetandprocessFSin34days.
15.2.1.2.42
Slovenia:detailsaboutthecollectionofaccount
Allcompaniesandsoleproprietors
Around160.000companies.
Stateownedcompaniesandsemipubliccompanies
Allcompanieshavetofile thesamedata
AJPESAgencyoftheRepublicofSloveniaforpubliclegalRecordsandrelated
services
yearend?
JointstockcompaniesusuallyuntilendofAugust,becausetheiraccountsarerevised
byauditors,othersuntilendofMay
May
Yes(thereweresomechanges)on01/01/2002and01/01/2006.Therearespecific
formatsforeachtypeofcompany(accordingtotheirlegalform).
Onlyfewdata,placedependsonvolume.
Form:paper,electronicformat
Price:67EUR/Companyfinancial
Place:AJPES
Yes
CofaceSlovenia
Forsmaller:2months
Forjointstock:4months
23months
15.2.1.2.43
Spain:detailsaboutthecollectionofaccount
S.A.,S.L.
381
OrbisUserGuide
776,000.
Cooperatives,association,general/limitedpartnership.
Small(mediumsized)companiesmeetingduring2years2ofthefollowingcriteria:
BalanceSheetProfit&LossAccounts
totalassets<395<1.580
turnover<790<1.160
employees<50<250
RegisteredCommerceoftheProvince.
yearend?
Thecompanyhas3monthstoproducethem,3monthsmoretoapprovethemand1
monthmore,aftertheirapproval,tofilethemattheMercantileRegister(total7
months).
Till31/07ofthefollowingyear.
Yes.
form:Paper&Images
price:Variable(around9EUR)
place:Register
90%.
INFORMA.
OrbisWhatisthemaximumpossibleperiodbetweenacompanyfilingits
About3updates.
1update.
15.2.1.2.44
382
Sweden:detailsaboutthecollectionofaccount
Limitedcompanies.
About250,000.
Datadetails
No,notnormally.
AtBolagsverket(SwedishCompaniesRegistrationOffice).
yearend?
7months.
Between5or6months.
Yes.AccordingtoEUregulationssince1997.
Yes.
UCAB.
Duringhighseason(June,July,August)itismax.30days.Inlowseason(therestof
theyear)itis20days.
Highseason1820days,lowseason810days.
15.2.1.2.45
Switzerland:detailsaboutthecollectionofaccount
TherearenolegalrequirementstofiletheiraccountsinSwitzerland(likeintheUK).
Publicquotedcompaniesmaketheirfinancialstatementsavailableandallare
collected,analysedandprovidedtotheORBISdatabase.
Seeabove
SeeAbove
Seeabove
N/A
yearend?
N/A
N/A
383
OrbisUserGuide
improving.
Onlypublicquotedcompaniesaccountscangenerallybeobtaineddirectfromthe
company,orhardcopiesfromWorldboxAG.
N/A
WorldboxAG
Maximumpossibleperiodbetweencompanypublishingtheiraccountsandthe
informationappearinginthedatabaseis3months.
15.2.1.2.46
384
Taiwan:detailsaboutthecollectionofcompanyaccounts
TSEC,GRETAI,andEMERGING:alllistingcompanies.Besides,public(butunlisting)
companies,andfewnopubliccompanies.
Thetotalareabout2500companies.
Ifthecompaniesarelisting,itmusthavefile.Noexception.
Ifthecompaniesaredelisting,thedatawillbelessthanpreviousyears.
TaiwanEconomicJournal
yearend?
6months
4months
Yes,it'sstandardised.
form:paperandannouncementonnewspaper.
place:TaiwanEconomicJournal
Ingeneral,yes.
Dataprovider:
TaiwanEconomicJournal
Datadetails
3months.
15.2.1.2.47
Thailand:detailsaboutthecollectionofcompanyaccounts
Bothprivateandpubliclistedcompanies.
Privateisinhundredsofthousandswhilepubliclistedare557companies
Mostcompany(bothpublicandprivate)arelegallyrequiredtofile.
Weseethatprivatecompaniessometimesdonotfiletheirfinancialreportswhenthey
applyforextensionofanother12months.Forpubliccompanies,reportingismore
consistent.
Private:registrarofcompanies.
Public:Stockexchange
yearend?
Privatecantake3months.Publicis3monthsfromyearend.
Private312months.Public23months.
Yes
formPrivate:hardcopiesonly,Public:Softcopiesavailable
pricePrivate:needtopayaccordingtopagesprinted.Public:Free
placePrivate:registrarofcompanies.Public:Stockexchange
Public:Yes,Private:Yes
Publicandprivatecompaniescanrequestforextensiononcasetocasebasis.Thereis
nospecificextension.
Public:3months,Private:1224months
15.2.1.2.48
Turkey:Detailsaboutthecollectionofcompanyaccounts
AllcompanieswithanannualsalesturnoverexceedingTL168,000mustfiletheir
financialstatements(balancesheetandincomestatement)totheTaxOffice.
385
OrbisUserGuide
Businessesthathavesaleslessthanthisamounthavetofileonlyasummaryincome
statement.
TheTaxOfficedoesnotreleaseorsharethisdata.Unlessthecompaniesprovide,
thereisnowaytoobtainfinancialstatementsexceptforlistedcompaniesandbanks
whosefinancialsarepubliclyannouncedquarterly.
Over1.200.000companiesofvarioussectorsandscales(includingthelisted
companiesandbanks)areregisteredcountrywide. Thisfigureexcludesthesmall
merchantsandcraftsmenwhichareregisteredwithlocalchambers.
Itisnotcompulsoryforproprietorshipconcernstoprepareformalfinancialstatements
providedthattheirannualsalesturnoverdoesnotexceed168,000TL(app.USD
112,000).
No.TaxOfficestipulatesastandardcontentforfinancialstatementsonthebasisof
generallyacceptedaccountingprinciplesandastandardchartofaccounts.
TaxOffices(RevenueAdministrationofTurkey)
BanksalsofiletheiraccountswiththeBankingRegulationandSupervisionAgency.
ListedcompaniesalsofiletheiraccountswiththeIstanbulStockExchangeandCapital
MarketsBoard.
yearend?
Companiesmustfiletheiraccountsmaximum4monthsaftertheendofthecalendar
year(EndofApril)unlesstheyhaveaspecialfinancialyearend.Thenumberof
companieshavingadifferentfinancialyearendthanthecalendaryearendareata
minimum.
DeadlineforfilingyearendaccountsatTaxOffices,IstanbulStockExchangeand
BankingRegulationandSupervisionAgencyistheendofApril.
Usuallyallcompanieswaituntilthedeadlinetofiletheiraccounts.
WhenfilingtotheTaxOffice,yes.
Accountsofcompaniesotherthanthelistedonesandbanksareneverpublicly
available.
Toavoidpenaltiesandinvestigations,yes.
FINARD&B
Itdependsastherecordsonourdatabasearenotupdatedautomaticallyorasabatch
operation.Therecordsareupdatedoninquirybasisandtheaccountsarenot
downloadedintoourdatabasefromacertainsourceincertainperiods.
Sameasabove.
386
Datadetails
15.2.1.2.49
Ukraine:Detailsaboutthecollectionofcompanyaccounts
Alllocalcompaniesandtradeorrepresentativeofficesofforeigncompanieshavetofile
accounts(exceptcompaniesmentionedin3.)
Therearemorethan1.000.000companiesandtraderepresentativeofficesregistered.
Whichtypeofcompaniesdonothavetolegallyfileanyformof
accounts?
Soletraders(thesocalledprivateentrepreneurs)andthebudgetaryorganizations.
NocompanycanfilelessinformationthandeterminedbytheAccountingLawofUkraine.
Accountsmustbepresentedtotheregionalstatisticdepartment.Statecompaniesand
organisationspresentaccountstotheresponsibleMinistrytoo.
When&wherearethecompaniesobligedtofileitsaccountsaftertheyear
end,accordingtotheRussianLegislation?
April:
JuneJuly:
September:
allcompanieshavetillthe1stofApriloftheyearthatfollowsthefinancial
yeartofileitsannualaccountsfortheTaxauthorities.
Forthe1stofAprilaccountshavetobesubmittedtotheStatisticalCommittee
too.
MeetingoftheBoardofdirectors:auditedaccountsarepresentedtothe
shareholders.
thedatabasefromtheStatisticalCommitteeisreadyforpublication.
Whatisthemaximumperiodacompanycantaketofileitsaccounts
afteritsyearend?
Thecompanyhavetofiletheaccountstotheterritorialstateinstitutionsandtopresent
them:annualreportstillthe20thofFebruaryofcurrentyear,quarterreportson25
thdayaftertheendofaccountingperiod.
3035workingdays
387
OrbisUserGuide
Yes.TheformisdeterminedbytheMinistryofFinance
Theaccountsareavailabletothepubliconlyifthecompanyagrees.Lessthan1%are
publishedinthenewspapers.
Ifthecompanydoesn'tpresentannualaccountstothestateinstitutions,theyhavetobe
sanctioned,butthesanctionsareverylow(thefine2540EUR),sotherearelotsofsuch
cases.
WhatisthedataproviderforRUSLANA
Creditreform
Whatisthemaximumpossibleperiodbetweenacompanyfilingits
Themaximumperiodbetweenacompanypresentsitsaccountstothestateinstitutions
andtherecordsappearinginthedatabaseis5months.
Whatistheaverageperiodbetweenacompanyfilingitsaccountsand
Theaverageperiodbetweenacompanypresentitsaccountstothestate
institutionsandtherecordsappearinginthedatabaseofthestateinstitutionsis3
4months.
Notes:
InthedatabaseoftheCentralStatisticalDepartmentthereareabout330.000
accountsofthebiggestUkrainiancompanies.
Theremainingcompaniesaresplitin800regionalDepartmentsofStatistic:thereare
currentlynomeansbywhichwecangetthemforthetimebeing.
15.2.1.3 InsuranceCompaniesWorldwide:detailsaboutthecollectionofaccount
Allinsurancecompanies.
7,000onOrbis.
Annualreports.
388
Datadetails
yearend?
3months.
6months.
No.
Freeannualreports.
Yes.
FITCHRatings.
3months.
1month.
15.2.1.4 BanksWorldwide:detailsaboutthecollectionofaccount
Allbanks
27,000onOrbis
Annualreports
yearend?
3months
6months
No
Freeannualreports
Yes
FITCHRATINGS
3months
389
OrbisUserGuide
1month
15.2.2Typeofaccounts
Eachcompanyonthedatabaseisassociatedwithoneormorestatement.Suchstatements
areallassignedwithasocalledconsolidationcodeinordertoindicatewhattypeofstatement
isavailable.
Boththeconsolidatedandunconsolidatedstatementscanbeusedtoscreenthecompanieson
Orbis.
Fromtheseconsolidationcodes,twobroadcategoriesofaccountscanbederived:
15.2.2.1 Companieswithdetailedfinancialdata
Suchcompaniesarethosewithastatementconsolidationcodeof:
C1: statementofamothercompanyintegratingthestatementsofitscontrolledsubsidiaries
orbrancheswithnounconsolidatedcompanion,
C2: statementofamothercompanyintegratingthestatementsofitscontrolledsubsidiaries
orbrancheswithanunconsolidatedcompanion,
U1: statementnotintegratingthestatementsofthepossiblecontrolledsubsidiariesor
branchesoftheconcernedcompanywithnoconsolidatedcompanion.
U2: statementnotintegratingthestatementsofthepossiblecontrolledsubsidiariesor
branchesoftheconcernedcompanywithanconsolidatedcompanion.
15.2.2.1.1ConsolidatedStatement
Aconsolidatedstatementisthestatementofacompanyintegratingthestatementsofits
subsidiariesthemethodofintegrationvariesaccordingtotheimportanceoftheinterest
ownedbytheparentcompanyinitssubsidiaries. SuchastatementhasconsolidationcodeC1
(nounconsolidatedcompaniononOrbis)orC2(thereisanunconsolidatedcompanionon
Orbis).
15.2.2.1.2UnconsolidatedStatement
Astatementnotintegratingthepossiblesubsidiariesoftheconcernedcompany.Sucha
statementhasaconsolidationcodeU1(noconsolidationcompaniononOrbis)orU2(thereisa
consolidatedcompaniononOrbis).
15.2.2.2 Companieswithlimitedfinancialdata
SuchcompaniesarethosewithaconsolidationcodeofLF(limitedfinancials).Onlythe
numberofemployeesandtheOperatingRevenueareavailable.
Notes:
390
Inadditiontothesetwobroadcategoriesofaccounts,3particularcodesmaybe
attachedtoastatement:
NRF:Norecentfinancials.Itisattachedtocompanieswherethelastavailable
accountsaremorethan48monthsold.
NRLF:Norecentlimitedfinancials.Itisattachedtocompanieswithlimitedfinancial
itemswherethelastavailableaccountsaremorethan48monthsold.
NF:CompanieswithnofinancialsavailablehavethecodeNFassociatedtotheir
statement.
Therearethreeconsolidationmethods,whichareuseddependingonthestrengthof
theparentcompanyscontrolorinfluence(seealsosignificantinfluence):full
consolidation,proportionateconsolidation,andtheequitymethod.Thebasicprinciple
Datadetails
consistsinreplacingthehistoricalcostoftheparentsinvestmentinthecompany
beingconsolidatedwithitsassets,liabilitiesandequity.
15.2.3Companystatusdefinitions
SeverallevelsofdetailarepossibleforeachstatusdefinedinOrbis.Forcomparative
purposes,thevarietyofdetailedoflegalstatuses,whenavailable,hasbeenstandardisedto
the12followingcategories:
Active:
o Active:thecompanyisactive
o Active(defaultofpayment):Thetermdefaultshouldbedistinguishedfrom
thetermsinsolvencyandbankruptcy."Default"essentiallymeansadebtor
hasnotpaidadebt."Insolvencyisalegaltermmeaningthatadebtoris
unabletopayhisdebts."Bankruptcy"isalegalfindingthatimposescourt
supervisionoverthefinancialaffairsofthosewhoareinsolventorindefault.
o Active(dormant)
o Active(receivership):thecompanyremainsactive,thoughisinadministration
orreceivershiporunderaschemeofarrangement(USChapter11).During
thisperiod,thecompanyisusuallyplacedundertheprotectionofalawand
continuesoperatingandrepayingcreditorsandtriestoreorganizeandreturn
tonormaloperating.Attheend,thecompanywilleitherreturntonormal
operating(thedefaultofpaymentwasthustemporary),orwillbereorganized
(partsofitsactivitycanberestructuredorsold)orwillbeliquidated
o Active(branch)
Inactive:
o Bankruptcy:bankruptcyisalegallydeclaredinabilityofacompanytopaysits
creditors.Thecompanynolongerexistsbecauseithasceaseditsactivities
sinceitisintheprocessofbankruptcy.
o Dissolved:thecompanynolongerexistsasalegalentity,butthereasonfor
thisisnotspecified
o Dissolved(merger):thecompanynolongerexistsasalegalentitybecause
thecompanyhasbeenincludedinamerger.
o Dissolved(demerger):thecompanynolongerexistsasalegalentity,the
reasonforthisisademergerthecompanyhasbeen"split".
o Inliquidation:thecompanynolongerexistsbecauseithasceasedits
activities,sinceitisintheprocessofliquidation.
o Inactive(branch)
o Inactive(noprecision):thecompanyisnolongeractiveandtheprecise
reasonforinactivityisunknown.
Unknown:noinformationrethestatus
15.2.4Auditstatus
Theauditstatusindicatesthestatusofastatementwithregardtoitsauditing.Thedifferent
possibilitiesandtheirdefinitionsareasfollows:
15.2.4.1.1.1 Searchkeys 15.2.4.1.1.2 Presentedintheaccount
header
Qualified
Unqualified
Unaudited
Adverseopinion
Noopinion
Qualificationn.a.
Insurances
Qualified
Unqualified
Unaudited
Notdiscl.
Industries
Qual.
Unqual.
Unaudited
AdverseOp.
Noopnion
Qualif.n.a.
Banks
Qual.
Unqual.
Unaudited
Audited
Qualif
391
OrbisUserGuide
n.a.
Definitions:
Qualified:thestatementhasbeenauditedandthereportoftheauditorspresentsthe
accountswithremarks.
Unqualified:thestatementhasbeenauditedandtheaccountshavebeenacceptedby
theauditorswithoutanyremark.
Unaudited:thestatementhasnotbeenaudited.
Adverseopinion:thefinancialstatementsare,intheviewoftheauditor,notin
accordancewiththestatedaccountingpractice.
Noopinion:therehasbeennoauditor'sopiniondisclosedorseenbytheinformation
provider.
Qualificationnotavailable:thereisnoauditor'sopinionavailable.
15.2.5Sourceofaccounts
AllpossiblesourcesforfinancialaccountsofpubliclyquotedcompaniesretrievedfromOrbis
arelistedbelowwiththeirlabelandtheirexplanation.
REG
Regulatoryfilingfiledbythecompanywiththeregulatorybodyinthecountry
PRNEWS
PRNewswire
BUSWIRE
BusinessWire
TANS
Tanshinreports*(Japan)
RNS
RegulatoryNewsServiceWire
BIT
BITA/S&ndashSweden
FSS
FinancialSupervisoryService**(Korea)
AR
Companyannualreport
INTERIM
Companyinterimreport
10K
EdgarUSSECannualreport
10Q
EdgarUSSECquarterlyreport
20F
EdgarUSSECannualandtransitionreport(foreignprivateissuer)
HUGGIN
HugginNewswireASA(Europe,mainlyScandinavia)
IRASIA
InvestorRelationsAsia
BALO
BulletindesAnnoncesLgalesObligatoires(France)
AMF
AutoritdesMarchsFinanciers(France)
YH
YUHO(YuukashookenHookousho)reportsubmittedtoJapanMinistryof
Finance
PRELIM
Preliminarydata(mainlypublishedbycompany)
YEARBOOK
Yearbook
STATUT
STAT
Statutorystatement
*Tanshinreportsprovideanoverviewofthecompanyfinancialspriortosettlingaccountsat
thegeneralmeetingofshareholders.Thisoverviewisreferredtoas'KessanTanshin'Flash
data,andisthequickestfinancialstatementdatatobemadeavailable.
**KoreanpreliminarydataispublishedthroughFSSandaftertheformwhichFSSstipulate.
Theformneedsonlyfourmajorfinancialresults(Sales,OperatingIncome,OrdinaryIncome
andNetIncome).
392
Datadetails
15.3Companyidentificationnumbers
15.3.1BvDIdentificationnumbers
15.3.1.1 BvDIdentificationnumbers
TheBvDIDnumberisacompanyidentifierthatuniquelyidentifieseachcompanyincludedin
atleastoneBureauvanDijkproduct.Therefore,acompanypresentonFAME(UKandIrish
companydatabase),AMADEUSandOSIRISwillhavethesameBvDIDnumberinall
databases.Inprinciple,theseidentifiersshouldnotvarythroughtime,i.e.onceacompany
hasbeenassociatedwithaBvDIDnumber,itshouldneverchange.However,inveryspecific
casesacompanycanbeassignedanewBvDIDnumber.
Therefore,savingacompanysetusingtheirBvDIDnumbersinoneBvDapplicationallows
youtoloadthatsamecompanyfilefromanyotherBvDapplication(providedthatthe
databasecoversthecompaniessavedfromtheinitialapplication).Asmentionedabove,these
BvDIDnumberscanchangeovertime.However,eveniftheBvDIDnumberofacompany
changedinbetweenthetimeyousavedthecompanysetandthetimeyouwishtoloadit,you
willstillretrievethesamecompanieqaswekeepahistoricalcorrespondencetableofall
changesinBvDIDnumbers.
15.3.1.1.1StructureofaBvDIDnumber
ABvDIDnumberiscomposedoftwoparts:
1. ThefirsttwocharacterscorrespondtothetwodigitISOcountrycodewherethe
companyisincorporated.Example:thefirsttwocharactersofacompanyincorporated
inBelgiumwillbe'BE'.Thefirsttwocharactersofacompanywhoseprimarytrading
addressisinHongKongbutwhoisincorporatedinBermudawillbe'BM'.
2. ThefollowingcharactersdependintrinsicallyonthetypeofcompanytowhichtheBvD
IDnumberisattached.
IfthecompanyisabankavailableonBANKSCOPE,thefollowingcharacters
willbethemostrankedstatementIDavailableonBANKSCOPE.ThisID
numberisa5characternumericalcodecreatedbyBureauvanDijkwhich
correspondstotheinstitution'saccountstatement.
IfthecompanyisaninsurancecompanyavailableonISISandnoton
BANKSCOPE,thefollowingcharacterswillbethe6characternumericalcode
providedbyFitchRatingsforISISwhichcorrespondstoainsurancecompany's
mostrankedaccountstatement.
IfthecompanyisaninsurancecompanyavailableonISISaswellasabank
availableonBANKSCOPE,thefollowingcharacterswillthemostranked
statementID availableonBANKSCOPE.
Ifthecompanyisanindustrialcompany,andthereforeneitheravailableon
BANKSCOPEnoronISIS,thefollowingcharacterswillbetheofficialcompany
IDifthisnumberisknown.Ifitisnotknow,thefollowingcharacterswillbe
theinternalidentificationnumberusedbythenationalIPunlessthecompany
isavailableonOSIRIS,inwhichcaseweusetheWVBidentificationnumber.
15.3.1.1.2BvDIDNumberandconsolidationortypeaccounts
Attheendof2008adistinctionbetweenthe"BvDIDnumber"andthe"BvDaccountnumber"
hasbeenintroduced.TheBvDIDNumberisconstantforallcompanions,buttheBvDaccount
numbervariesdependingonconsolidationandtypeofaccounts.FortheBvDaccountnumber
asuffixisaddedtotheBvDnumber.
ThepossiblestructuresoftheBvDaccountnumberare:
Annualreportconsolidatedaccounts:BvDIDnumber+IC
393
OrbisUserGuide
Annualreportunconsolidatedaccounts:BvDIDnumber+IU
Annualreportadditionalconsolidatedaccounts:BvDIDnumber+IAC
Note:Previously,theadditionalaccounts(sourcedfromReuters)wereidentifiedwitha
suffix*.
SearcheshavetobemadeusingtheBvDIDnumber,thuswithouttheBvDaccountnumber
suffix.PreviouslysavedsearchesorfilesbasedontheBvDnumbershouldstillwork.
15.3.1.2 WhycanacompanyBvDIDnumberchange?
Although,intheory,becausetheyweredesignedtobetheprimarykeyofBvDdatabases,BvD
IDnumbersshouldneverorveryrarelychange.
Inpracticehoweverthisisnotthecase.DependingontheBvDapplicationunderuse,there
canbeanaverageweeklychangerangingfrom10to30BvDIDs.However,oneshouldnote
thatthenumberofcompaniesundergoingaBvDIDchangeisnegligiblewhencomparingto
thetotalnumberofcompaniesincludedinthedatabase.
HereunderarelistedthemainreasonsofaBvDIDnumberchange:
Changesforasetofcompaniesbelongingtoapredefinedgroup
Thispredefinedgroupisgenerallyacountryoranapplication.Thistypeofchangeispunctual
andcanoccurformanyreasons.Hereafterareafewexamples:
PolishcompaniessawtheirBvDIDchangeinordertousethenationalIDnumber
insteadoftheIDprovidedbytheIPwhichwasanumberof6digitsthatcould
potentiallycauseconflictswiththeIDnumbersfromISIS.
BelgiancompaniesunderwentchangesbecausetheBelgiangovernmentaddedadigit
totheiridentificationnumber(VATnumber)inordertoanticipatethelackof
assignablenumbers.
BvDIDnumbersofLuxembourgcompanieschangedinordertousethenationalID
number(Registrationnumbers)insteadoftheirVATnumber
RomaniancompaniesswitchedfromtheirCCIRnumbertotheofficialVATnumber
whichimpactedontheirBvDIDnumber.
Lithuaniancompanieswhohavehadalegalchangeinthestructureofthenational
identificationnumbers.ThenewIDiscalledJARcodeandisstilltheofficial
identificationnumberoftheCentralCompanyRegister.
TheBvDIDofcompaniesincorporatedinPeru,Singapore,Taiwan,SouthAfricaand
Australiawerechangedinordertousetheofficialidentificationnumbersothatthese
identifiersusedinOSIRIS,ORIBISandORIANAarehamonised.
ModificationofnationalIdnumberbythenationalInformationProviders
ChangesinthenationalIDnumbercausedbythenationalInformationProviders(IPs)are
veryrare.ThetwomainreasonswhyanIPwouldchangetheofficialregistrationnumberofa
companyare:
Mergers:incasetwoormorecompaniesmerge,itisuptotheIPtodecidewhichID
outofthetwoormoreiskept.
Acquisitions:ifcompanyAbuysB,AwillkeepitsIDandcompany'sBIDisblocked.
However,companiesincorporatedinGermany,AustriaorItalyseetheirBvDIDchangemore
frequentlybecausethenationalIPsforthesecountriespotentiallychangethenationalIDofa
companyifitchangesaddress:ifacompanymovesfromarea1toarea2andarea2hasa
394
Datadetails
differentofficecollectingtheinformation,thecompanywillgetanewnationalID,thusthe
BvDIDnumberchanges.Ifinarea2thesameofficeisresponsibleasinarea1,thecompany
keepsitsnationalID.
SpanishcompaniesalsoencounteraBvDIDchangeiftheychangelegalform.IfaSpanish
companychangesitslegalfrom,thethirddigitofitsBvDIDchanges.
ChangesonISISandBANKSCOPE
ISISandBANKSCOPEworkonstatementIDsratherthanoncompanyIDs.Anumberof
priorityruleshavebeenestablishedtodefinewhichStatementIDshouldbetakeninto
accounttobuildthecompanyBvDIDnumber.Hereafteristhelistofpriorities,goingfromthe
statementwiththehighestprioritytothelowest:
BANKSCOPE:
i.
ii.
iii.
iv.
Bank'sconsolidatedIFRSstatement
Bank'sunconsolidatedIFRSstatement
Bank'sconsolidatedaccountnumber(C1orC2)
Bank'sunconsolidatedaccountnumber(U1orU2)
ISIS:
i.
ii.
iii.
iv.
v.
vi.
vii.
viii.
ix.
x.
xi.
xii.
Company'sconsolidatedcompositeIFRSstatement
Company'sconsolidatednonlifeIFRSstatement
Company'sconsolidatedlifeIFRSstatement
Company'sunconsolidatedcompositeIFRSstatement
Company'sunconsolidatednonlifeIFRSstatement
Company'sunconsolidatedlifeIFRSstatement
Company'sconsolidatedcompositeaccountnumber
Company'sconsolidatednonlifeaccountnumber
Company'sconsolidatedlifeaccountnumber
Company'sunconsolidatedcompositeaccountnumber
Company'sunconsolidatednonlifeaccountnumber
Company'sunconsolidatedlifeaccountnumber
If,forsomereason,theavailabilityoftheaccountsofabankorinsurancecompanyleadsto
theavailabilityofanaccountwithahigherpriority,theBvDIDchangesaswell.
ModificationsfromOSIRIS
Whentakingintoaccountthecountryinwhichthecompanywas
incorporated:ForOSIRIS,BvDmadethechoicetotakeintoaccountacompany's
countryofincorporationastheofficialaddress.ThecountriesprovidedbyWVB
(OSIRIS'IP)arenotalwaysacompany'scountryofincorporation (essentiallyfor
HongKongcompanieswheretheyaregenerallyincorporatedinBermudaaswellas
otherfiscalparadises).Inthiscase,onlythecountrycodechangesi.e.thetwofirst
charactersoftheBvDID.
MatchingwithcompaniesalsoavailableAMADEUS/JADE/ORIANA/ORBIS:
AEuropeancompanyavailableonOSIRISshouldnormallyhavethesameBvDIDas
theoneavailableonAMADEUS.IfthecompanyisavailableonAMADEUSafterhaving
beenavailableonOSIRIS,theBvDIDwillchangefromaBvDIDbasedontheWVB
numbertoaBvDIDbasedontheAMADEUSnumber.Thesameoccursfortheofficial
IDsavailableonJADEorORIANAastheyhavepriorityovertheWVBIDs.
ProblemslinkedtocompanynamechangesandtohowtheIPprocesses
mergers&acquisitions
Companymatchingcorrection
395
OrbisUserGuide
Matchingofoneentityinourdifferentdatabases
WhenanentityisavailableonmorethanoneBureauvanDijkElectonicPublishingapplication
orprovidedbymorethanoneIP,asetofpriorityruleshavebeenestablished inorderto
decidewhichidentificationnumbershouldbeusedtobuildtheBvDIDnumber.
IfanentitybelongingtoseveraldifferentapplicationshasseveraldifferentBvDIDnumbers,it
isdifficulttodetectthatitisactuallyoneandsameentity.Aslongasthisisnotidentified,the
entitywillhaveseveraldifferentBvDIDnumbersonORBIS.
Whenamatchingoccursallowingustoidentifythatitisactuallyoneandsameentity,theBvD
IDusedonORBISwillbetheBvDIDusedontheapplicationwiththehighestpriority.
15.3.2AvailableIDnumbersforindustrialcompanies
Country
ISO
IDnumberusedtodefinethe
Code BvDIDforindustrialcompanies
Comments
Ifthe
companyis Ifthecompanyis
notavailable availableonOsiris
onOsiris
Albania
AL
NIN
WVB
Algeria
Angola
Anguilla
Antiguaand
Barbados
Argentina
Armenia
Aruba
Australia
DZ
AO
AI
AG
D&B
D&B
D&B
D&B
WVB
WVB
WVB
WVB
AR
AM
AW
AU
D&B
D&B
ACN
WVB
WVB
WVB
ACN/WVB
Austria
AT
Crefo
Crefo/WVB
Bahamas
Bahrain
BS
BH
D&B
Registration
WVB
Registration/WVB
Bangladesh
Barbados
Belarus
BD
BB
BY
D&B
OKPO
WVB
WVB
OKPO/WVB
Belgium
BE
VAT
VAT/WVB
Belize
BZ
D&B
WVB
396
NINistheAlbanian
NationalIdentification
Number
ACNistheofficial
companyidentification
numberusedbythe
AustraliaSecurities&
Investments
Commission(ASIC)
Crefoistheinternal
numberusedby
Creditreform
Officialidentification
numberusedbythe
Traderegister
OKPOistheofficial
identificationnumber
usedbytheState
CommitteeofStatistics
numberusedbythe
VATadministration
Datadetails
Benin
Bermuda
Bolivia
Bosniaand
Herzegovina
BJ
BM
BO
BA
D&B
D&B
D&B
UNI
WVB
WVB
WVB
UNI/WVB
Botswana
Brazil
Bulgaria
BW
BR
BG
D&B
D&B
BULSTAT
WVB
WVB
BULSTAT/WVB
BurkinaFaso
Burundi
Cambodia
Cameroon
Canada
Capeverde
CaymanIslands
CentralAfrican
Republic
Chad
Chile
China
Colombia
BF
BI
KH
CM
CA
CV
KY
CF
D&B
D&B
D&B
D&B
D&B
D&B
D&B
WVB
WVB
WVB
WVB
WVB
WVB
WVB
WVB
TD
CL
CN
CO
D&B
D&B
Sinoratingnbr.
VAT
WVB
WVB
Sinoratingnbr./WVB
VAT/WVB
Comoros
Congo
CongoDemocratic
Republic
CostaRica
Cted'Ivoire
Croatia
KM
CG
CD
D&B
D&B
D&B
WVB
WVB
WVB
CR
CI
HR
D&B
D&B
CN
WVB
WVB
CN/WVB
Cuba
Cyprus
CU
CY
D&B
Registration
WVB
Registration/WVB
CzechRepublic
CZ
Registration
Registration/WVB
Denmark
DK
VAT
VAT/WVB
Djibouti
Dominica
Dominican
Republic
Ecuador
Egypt
ElSalvador
EquatorialGuinea
DJ
DM
DO
D&B
D&B
D&B
WVB
WVB
WVB
EC
EG
SV
GQ
D&B
D&B
D&B
D&B
WVB
WVB
WVB
WVB
UNIistheofficial
UniqueIdentification
Number
BULSTATisthenational
statisticcode
numberusedbythe
VATadministration
CNistheofficial
companyidentification
code
numberofCompanies
House
numberusedbythe
BusinessRegistersand
StatisticalOffice
numberusedbythe
VATadministration
397
OrbisUserGuide
Eritrea
Estonia
ER
EE
D&B
Registration
WVB
Registration/WVB
Ethiopia
Finland
ET
FI
D&B
Registration
WVB
Registration/WVB
France
FR
SIRET
SIRET/WVB
Gabon
Gambia
Georgia
Germany
GA
GM
GE
DE
D&B
D&B
WVB
WVB
WVB
Crefo/WVB
Ghana
Gibraltar
GH
GI
Greece
Crefo
GR
D&B
onlybanksand
insurance
VAT
VAT/WVB
Grenada
Guatemala
Guinea
GuineaBissau
Guyana
Haiti
Honduras
HongKong
GD
GT
GN
GW
GY
HT
HN
HK
D&B
D&B
D&B
D&B
D&B
D&B
D&B
WIN
WVB
WVB
WVB
WVB
WVB
WVB
WVB
WVB
Hungary
HU
Statisticalcode
Iceland
IS
Registration
India
IN
Registration
Indonesia
Iran(Islamic
Republicof)
Ireland
ID
IR
Israel
Italy
Jamaica
398
IE
numberusedbythe
Traderegister
numberusedbythe
Traderegister
SIRETistheofficial
Crefoistheinternal
numberusedby
Creditreform
WVB
WVB
numberusedbythe
VATadministration
WINistheWorldbox
IdentificationNumber
Statisticalcode/WVB Officialidentification
codeoftheCentral
StatisticalOfficeof
Hungary
Registration/WVB Officialidentification
numberofCompanies
House
Registration/WVB Registrationnumber
(CiesAct1956)isthe
officialidentification
number
WVB
WVB
Registration
Registration/WVB
IL
IT
CCIAA
WVB
CCIAA/WVB
JM
D&B
WVB
numberofCompanies
House
CCIAAistheofficial
identificationnumberof
theChambersof
Commerce
Datadetails
Japan
Jordan
Kazakhstan
Kenya
Korea(Republic
of)
JP
JO
KZ
KE
KR
D&BTSR
Kuwait
Kyrgyzstan
Latvia
KW
KG
LV
Lebanon
Lesotho
Liberia
LibyanArab
Jamahiriya
Liechtenstein
LB
LS
LR
LY
D&B
D&B
D&B
WVB
WVB
WVB
WVB
LI
WIN
WIN/WVB
Lithuania
LT
Luxembourg
LU
Macedonia
(FYROM)
MK
Madagascar
Malawi
Malaysia
Mali
Malta
MG
MW
MY
ML
MT
MarshallIslands
Mauritania
Mauritius
Mexico
Moldova(Republic
of)
MH
MR
MU
MX
MD
Monaco
MC
Montenegro
ME
D&B
KIS
D&B
D&BTSR/WVB
WVB
WVB
WVB
Registration/WVB
WVB
WVB
Registration/WVB
KISistheinternal
numberusedbyKIS
RegistrationistheTax
number(official
identificationnumber)
numberofCompanies'
Registry
WINistheWorldbox
Registration
Registration/WVB Registrationnumberis
theofficialidentification
number
TradeRegister TradeRegisterNo./ Officialidentification
No.
WVB
numberusedbythe
"RegistredeCommerce
etdesSocits".
Dep.ofStatisticsDep.ofStatistics/WVB Officialidentification
numberofthe
DepartmentofStatistics
D&B
WVB
D&B
WVB
WVB
D&B
WVB
Registration
numberusedbythe
RegistrarofCompanies
MaltaFinancial
ServicesAuthority
WVB
D&B
WVB
D&B
WVB
D&B
WVB
IDNO
IDNO/WVB
IDNOisMoldovaState
ChamberofRegistration
(partoftheMinistryof
Justice)
RCInumber
RCInumber/WVB RCIistheofficial
numberoftheTrade
RegisterofMonaco
numberofthe
399
OrbisUserGuide
Morocco
Mozambique
Namibia
Nepal
Netherlands
MA
MZ
NA
NP
NL
D&B
D&B
D&B
Registration
WVB
WVB
WVB
WVB
Registration/WVB
Netherlands
Antilles
NewZealand
AN
D&B
WVB
NZ
WIN
WVB
Nicaragua
Niger
Nigeria
Norway
NI
NE
NG
NO
Oman
Pakistan
Palestinian
Territory
Panama
PapuaNew
Guinea
Paraguay
Peru
OM
PK
PS
WINistheWorldbox
D&B
WVB
D&B
WVB
D&B
WVB
BusinessnumberBusinessnumber/WVB Officialcompany
identificationcode
WVB
WVB
WVB
PA
PG
D&B
WVB
WVB
PY
PE
D&B
VAT
WVB
VAT/WVB
Philippines
PH
Registrationnbr
fromSEC
WVB
Poland
PL
REGON
REGON/WVB
Portugal
PT
VAT
VAT/WVB
Qatar
QA
Registration
Registration/WVB
Romania
RO
VAT
VAT/WVB
Russian
Federation
RU
OKPO
OKPO/WVB
Rwanda
SaintKittsand
Nevis
SaintLucia
RW
KN
D&B
D&B
WVB
WVB
LC
D&B
WVB
400
numberofthe
ChambersofCommerce
(handelsregister)
number(RUCRegistro
UnicodeContribuyente)
usedbytheVAT
administration.
Registrationnumberis
numberusedbythe
Philippinesstock
exchange
REGONisthenational
numberusedbythe
VATadministration
numberusedbythe
Traderegister
numberusedbythe
VATadministration
OKPOistheofficial
usedbytheState
CommitteeofStatistics
Datadetails
SaintVincentand
theGrenadines
SaoTomeand
Principe
SaudiArabia
Senegal
Serbia
VC
D&B
WVB
ST
D&B
WVB
SA
SN
RS
Seychelles
SierraLeone
Singapore
SC
SL
SG
Slovakia
SK
Slovenia
SL
Somalia
SouthAfrica
SO
ZA
Spain
ES
SriLanka
Sudan
Suriname
Swaziland
Sweden
LK
SD
SR
SZ
SE
Switzerland
CH
Taiwan
TW
Tanzania(United
Republicof)
Thailand
Togo
Trinidadand
Tobago
Tunisia
Turkey
Uganda
Ukraine
TZ
TH
TG
TT
D&B
D&B
WVB
WVB
WVB
TN
TR
UG
UA
D&B
D&B
D&B
NIN
WVB
WVB
WVB
NIN/WVB
UnitedArab
AE
WVB
D&B
WVB
numberofthe
D&B
WVB
D&B
WVB
Registration
number
Registration
numberusedbythe
BusinessRegistersand
StatisticalOffice
NationalID
NationalID/WVB
Officialnational
D&B
WVB
Registration
number
VAT
VAT/WVB
numberusedbythe
VATadministration
WVB
WVB
D&B
WVB
WVB
Registration
numberoftheNational
PatentandRegistration
Office
Registration
number
Registration
Registration/WVB
Officialregistration
numberusedbythe
TaiwanGovernment
EconomicDepartment
D&B
WVB
UkrainianNational
WVB
401
OrbisUserGuide
Emirates
UnitedKingdom
GB
Registration
Registration/WVB
UnitedStates
US
D&B
WVB/IRS/Reuters
Uruguay
Uzbekistan
Vanuatu
Venezuela
Vietnam
VirginIslands
(British)
Zambia
Zimbabwe
UY
UZ
VU
VE
VN
VG
D&B
D&B
WVB
WVB
WVB
WVB
WVB
WVB
ZM
ZW
D&B
D&B
WVB
WVB
D&B
numberofCompanies
House
IRSistheUS
governmentagency,
responsiblefortax
collectionandtaxlaw
enforcement
D&B=internalnumberusedbyDun&Bradstreet
WVB=internalnumberusedbyWorld'Vestbase
15.4Coverage
15.4.1Companysizecategories
Generalremark:thecriteriaforacompanytobeincludedinoneofthecategoriesbeloware
alwaysbasedonvaluesexpressedinEUR(valuesinUSDaregivenforinformationpurposes
onlyandmayvarydependingoncurrentexchangerate).
15.4.1.1 Verylargecompanies(VL)
CompaniesonOrbisareconsideredtobeverylargewhentheymatchatleastoneofthe
followingconditions:
OperatingRevenue>=100millionEUR(140millionUSD)
Totalassets>=200millionEUR(280millionUSD)
Employees>=1,000
Listed
Note:companieswithratiosOperatingRevenueperEmployeeorTotalAssetsper
Employeebelow100EUR(140USD)areexcludedfromthiscategory.
15.4.1.2 Largecompanies(L)
CompaniesonOrbisareconsideredtobelargewhentheymatchatleastoneofthefollowing
conditions:
OperatingRevenue>=10millionEUR(14millionUSD)
Totalassets>=20millionEUR(28millionUSD)
Employees>=150
NotVeryLarge
15.4.1.3 Mediumsizedcompanies(M)
CompaniesonOrbisareconsideredtobemediumsizedwhentheymatchatleastoneofthe
followingconditions:
402
Datadetails
OperatingRevenue>=1millionEUR(1.4 millionUSD)
Totalassets>=2millionEUR(2.8 millionUSD)
Employees>=15
NotVeryLargeorLarge
15.4.1.4 Smallcompanies(S)
CompaniesonOrbisareconsideredtobesmallwhentheyarenotincludedinanother
category.
15.5Currencies
15.5.1ExchangeRates
Orbiscansearchforanddisplaydatainanyoneofthecirca200IMFcurrencies.To
accomplishthisBureauvanDijkusesamonthlyelectronicfeedofexchangeratesfromthe
InternationalMonetaryFund.Thisdatafeedcontainstheweekly,monthlyorquarterly
(dependingonthecurrency)exchangeratesforeachIMFcurrencytotheUSD.
Whenfinancialaccountsaredisplayedinacurrencydifferentthantheonefiled,Bureauvan
Dijkproductsusethenearestexchangeratetotheyearenddateofthefinancialaccounts
usingtheUSDasacrossreferencingpoint.Thiscrossreferencingenablesanysetoffiled
accountstobedisplayedinanyotheravailablecurrency.
Theexchangerateusedtoperformtheconversionisdisplayedonscreenatthetopofthe
accounts.
15.5.2IMFCurrencyCodes
Code
Description
AAD
ArabAccountingDinars
ADP
AndorranPeseta
AED
U.A.E.Dirhams
AFS
Afghani
AFN
Afghani
ALL
AlbanianLeks
AMD
ArmenianDram
ANG
NetherlandsAntillesGuilders
AOA
AngolanKwanza
AON
AngolanNewKwanzas
ARS
ArgentinianAustrals
ATS
AustrianSchillings
AUD
AustralianDollars
AWG
ArubanGuilder
AYM
NewAzerbaijanianManat
AZM
AzerbaijanianManat
AZN
NewAzerbaijanianManat
BAD
BosnianDinars
BAM
BosnianConvertibleMarks
BBD
BarbadosDollars
403
OrbisUserGuide
BDT
BangladeshTaka
BEF
BelgianFrancsCommon
BGL
BulgarianLeva
BGN
BulgarianLev(after05/07/1999)
BHD
BahrainiDinars
BIF
BurundiFrancs
BMD
BermudianDollars
BND
BruneiDollars
BOB
Boliviano
BOP
BolivianPesos
BRI
BrazilianIndexed
BRL
BrazilianReals
BSD
BahamianDollars
BTN
BhutanNgultrun
BUK
BurmeseKyats
BWP
BotswanaPulas
BYR
BelarussianRuble
BZD
BelizeDollars
CAD
CanadianDollars
CHF
SwissFrancs
CLF
UnidadesdeFormento+
CLP
ChileanPesos
CNY
YuanRenminbi
COP
ColombianPesos
CRC
CostaRicanColones
CSD
SerbianDinars
CUP
CubanPesos
CVE
CapeVerdeEscudos
CYP
CyprusPounds
CZK
CzechoslovakianKoruna
DDM
DDRMarks
DEM
DeutscheMarks
DJF
DjiboutiFrancs
DKK
DanishKroner
DOP
DominicanPesos
DZD
AlgerianDinars
ECS
EcuadorSucres
ECV
UnidaddeValorConstante(UVC)+
EEK
EstonianKroon
EGP
EgyptianPounds
ERN
EritreanNafka
ESB
ConvertibleSpanishPesetas
ESP
SpanishPesetas
ETB
EthiopianBirrs
EUR
Euros
FIM
FinnishMarkka
404
Datadetails
FJD
FijianDollars
FKP
FalklandIs.Pounds
FRF
FrenchFrancs
GBP
PoundsSterling
GEL
GeorgianLari
GHC
GhanianCedis(2008>GHS)
GHS
GhanianCedis
GIP
GibralterPounds
GMD
GambianDalasis
GNF
GuineanFrancs
GQE
EquatorialGuineaEkweles
GRD
GreekDrachmae
GTQ
GuatemalanQuetzales
GWP
GuineaBissauPesos
GYD
GuyanaDollars
HKD
HongKongDollars
HNL
HondurasLempiras
HRD
Croatiandinar
HRK
CroatianKunas
HTG
HaitianGourdes
HUF
HungarianForints
IDN
IslamicDinar
IDR
IndonesianRupiahs
IEP
IrishPunts
ILI
IsraeliShekels
ILS
IsraeliShekels
INR
IndianRupees
IQD
IraqiDinar
IRR
IranianRiyal
ISK
IcelandicKrona
ITL
ItalianLire
JMD
JamaicanDollars
JOD
JordanianDinars
JPY
JapaneseYen
KES
KenyanShillings
KGS
KyrgyzstanSom
KHR
KhmerRiels
KMF
ComorosFrancs
KPW
KoreanWon(North)
KRW
KoreanWon(South)
KWD
KuwaitiDinars
KYD
CaymanIs.Dollars
KZT
KazakhstanTenge
LAK
LaotianKips
LBP
LebanesePounds
LKB
SriLankaBlockedRupees
405
OrbisUserGuide
LKR
SriLankaRupees
LRD
LiberianDollars
LSL
LesothoLoti
LSM
LesothoMaloti
LTL
LithuanianLitas
LUF
LuxembourgFrancs
LVL
LatvianLats
LYD
LibyanDinars
MAD
MoroccanDirhams
MDL
MoldovanLeu
MGA
MadagascarAriary
MGF
MalagasyFrancs
MKD
RepublicofMacedonianDenar
MMK
MyanmarKyat
MNT
MongolianTugriks
MOP
MacauPatacas
MRO
MauritanianOuguiyas
MTL
MalteseLire
MTP
MaltesePounds
MUR
MauritiusRupees
MVR
MuldiveRufiyaa
MWK
MalawiKwachas
MXN
MexicanPesos
MYR
MalaysianRinggits
MZM
MozambiqueMeticals
NAD
NamibianDollars
NGN
NigerianNaira
NIO
NicaraguanCordobas
NLG
NetherlandsGuilders
NOK
NorwegianKroner
NPR
NepaleseRupees
NZD
NewZealandDollars
OMR
RialOmani
PAB
PanamanianBalboas
PEI
PeruvianIntis
PEN
PeruvianSoles
PGK
PapuaNewGuineaKinas
PHP
PhilippinePesos
PKR
PakistanRupees
PLN
PolishZlotys
PTE
PortugueseEscudos
PYG
ParaguayanGuaranies
QAR
QatariRials
ROL
RomanianLeu
RON
RomanianNewLeu
RUB
RussianRoubles(after01/01/98)
406
Datadetails
RUR
RussianRoubles
RWF
RwandaFrancs
SAR
SaudiRiyals
SBD
SolomonIs.Dollars
SCR
SeychellesRupees
SDD
SudaneseDinars(from31/07/99)
SDG
SudanesePounds
SDP
SudanesePounds
SEK
SwedishKrona
SGD
SingaporeDollars
SHP
StHelenaPounds
SIT
SlovenianTolar
SKK
SlovakianKoruna
SLL
SierraLeoneLeones
SOS
SomaliShillings
SRD
SurinameDollars
SRG
SurinameGuilders
STD
SaoTomeDobras
SVC
ElSalvadorColones
SYP
SyrianPounds
SZL
SwazilandLilangenis
THB
ThailandBahts
TJR
TajikRubles
TJS
TajikistanSomoni
TMM
TurkmenistanManat
TND
TunisianDinars
TOP
TongaPa'angas
TPE
TimorEscudo
TRL
TurkishLira(old)
TRY
TurkishLira(new)
TTD
Trinidad&TobagoDollars
TWD
NewTaiwanDollars
TZS
TanzanianShillings
UAH
UkrainianHryvnia
UGX
UgandanShillings
USD
UnitedStatesDollars
USN
U.S.AmeGuilders
UYU
PesoUruguayo
UZS
UzbekistanSum
VEB
VenezuelanBolivar
VND
VietnamDong
VUV
VanuatuVatu
WST
SamoanTala
XAF
C.F.A.FrancBEAC
XAU
Gold
XCD
E.CaribbeanDollars
407
OrbisUserGuide
XDR
SpecialDrawingRights
XEU
EuropeanCurrencyUnits
XFO
GoldFranc(specialsetcurrency)
XFU
UicFranc(specialsetcurrency)
XOF
C.F.A.FrancsBceao
XPF
C.F.P.Francs
XST
ExternalSterling
YDD
SouthYemenDollars
YER
YemeniRials
ZAR
SouthAfricanRands
ZMK
ZambianKwacha
ZRN
NewZaire
ZWB
ZimbabweBlockedDollars
ZWD
ZimbabweDollars
15.6Dataupdatingfrequencybysourceandcountry/companytype
Source
(BvD
Special
Product
companies/data
orexternal
source)
BanksWorldwide
Insurances
Worldwide
Publiclyquoted
companiesUnited
States
Publiclyquoted
companiesKorea
Publiclyquoted
companiesAllother
countries
Ownershipsections
Worldwide
Worldregion
Africa(including
SouthAfrica)
SouthandCentral
America(including
Peru)
Country
408
Information
Provider
DF
LF NF
Bankscope
Fitch
Isis
Fitch
Weekly
Osiris
Reuters
Weekly
Osiris
KIS
Weekly
Osiris
World'VestBase
Inc
Weekly
BvDLiens
BvD/All
information
providers
Source
(BvD
Product
orexternal
source)
Information
Provider
Update
frequency
Weekly
Weekly
DF
LF NF
Update
frequency
External
source
D&B
Monthly
External
source
D&B
Monthly
Source
(BvD
Information
Provider
DF
LF NF
Update
frequency
Datadetails
Product
orexternal
source)
Albania
Australia
Austria
Austria
Bahrain
Amadeus
Oriana
Sabina
Aurelia
Oriana
Belarus
Amadeus
Belgium
Belfirst
BosniaHerzegovina
Amadeus
Bulgaria
Amadeus
Canada
China
Icarus
Qin
Croatia
Amadeus
Cyprus
Amadeus
CzechRepublic
Amadeus
Denmark
Estonia
Amadeus
Amadeus
Finland
Amadeus
France
Georgia
Germany
Diane
Oriana
Dafne
Germany
Germany(Branchesof
Germancompanies)
Greece
HongKong
Markus
Internal
source
Amadeus
Oriana
Hungary
Amadeus
Iceland
Amadeus
India
Oriana
Indonesia
Oriana
Iran
Ireland
Italy
Japan
Jordan
Korea,Rep.Of
SeeNews
IBISWorld
Creditreform
Creditreform
Creditreform
Latvia
NationalBankof
Belgium/Euro
DB
Creditreform
Serbiad.o.o.
Creditreform
Bulgaria
D&B
SinoSure
Creditreform
Croatia
InfocreditGroup
CreditinfoCzech
Republic,s.r.o.
ExperianA/S
Krediidiinfo
Suomen
AsiakastietoOy
CofaceService
SeeNews
Creditreform
x
x
x
x
x
x
x
x
Monthly
x
x
x
Monthly
Monthly
Weekly
Quarterly
Annually
Weekly
Biannually
x
x
Monthly
x
Monthly
Monthly
Monthly
Biannually
x
x
x
Monthly
x
Monthly
Monthly
Monthly
x
x
x
x
Creditreform
BvDGermany
Weekly
Monthly
Weekly
Monthly
Biannually
Monthly
Monthly
x
x
Oriana
ICAP
Worldbox
Creditreform
Interinfo
Hungary
CreditInfoSchufa
CMIE(Centrefor
MonitoringIndian
Economy)
Digital
Information
Service
Infocredit
Fame
Aida
Oriana
Oriana
JordansLimited
Honyvem
TSR
Infocredit
x
x
x
x
x
x
x
x
Oriana
KIS
Monthly
Monthly
Monthly
Quarterly
Weekly
Weekly
Monthly
Monthly
409
OrbisUserGuide
Kazakhstan
Kuwait
Ruslana
Oriana
Latvia
Amadeus
Lebanon
Liechtenstein
Oriana
Amadeus
Lithuania
Amadeus
Luxembourg
Belfirst
Macedonia(Rep.of)
Amadeus
Malaysia
Oriana
Malta
Moldova(Rep.of)
Monaco
Amadeus
Amadeus
Amadeus
Montenegro
Amadeus
Netherlands
Reach
NewZealand
Norway
Oman
Pakistan
Philippines
Poland
Oriana
Amadeus
Oriana
Oriana
External
source
Oriana
Amadeus
Portugal
Sabi
Qatar
Romania
Russia
SaudiArabia
Oriana
Amadeus
Ruslana
Oriana
Serbia
Amadeus
Singapore
Oriana
SlovakRepublic
Amadeus
Slovenia
Spain
SriLanka
Sweden
Amadeus
External
source
Sabi
Oriana
Amadeus
Switzerland
Syria
Taiwan
Amadeus
Oriana
Oriana
Peru
SouthAfrica
Thailand
Oriana
Turkey
Amadeus/
410
CredInform
Infocredit
Creditreform
Latvia
Infocredit
Worldbox
Creditreform
LietuvaUAB
Creditreform
Luxembourg
Creditreform
Bulgaria
World'VestBase
Inc
CreditInfoSchufa
SeeNews
SeeNews
Creditreform
Serbiad.o.o.
LexisNexis
x
x
x
x
x
x
x
Monthly
x
x
x
Biannually
Monthly
x
Monthly
Monthly
Yearly
Monthly
x
x
x
Monthly
Biannually
Weekly
Weekly
Worldbox
Experian
Infocredit
Worldbox
x
x
x
x
Monthly
Monthly
x
x
x
x
InformadelPeru
CIBI
InfoCredit
CofaeServiios
PortugalSA
x
x
C.C.IofRomania
Credinform
Infocredit
Creditreform
Serbiad.o.o.
DPInformation
Group
Creditinfo
Slovakia,s.r.o.
CofaceSlovenia
x
x
x
x
Monthly
Monthly
Yearly
Monthly
Monthly
x
x
x
Annually
Biannually
Monthly
Quarterly
Monthly
Monthly
TransUnionITC
Informa
Worldbox
UCAB
x
x
x
Worldbox
Infocredit
x
x
x
World'VestBase
Inc
Finar
Biannually
Monthly
Monthly
x
x
x
x
Monthly
Monthly
Monthly
Monthly
x
Monthly
Monthly
Monthly
Datadetails
Oriana
UAE
Oriana
Ukraine
Ruslana
UnitedKingdom
UnitedStates
Uzbekistan
Fame
Icarus
Oriana
VietNam
Oriana
Yemen
Legend:
Oriana
Infocredit
Creditreform
Bulgaria
JordansLimited
D&B
SeeNews
World'VestBase
Inc
Infocredit
Monthly
x
x
x
x
x
x
x
x
Weekly
Monthly
Monthly
Monthly
x
DF:companieswithdetailedfinancials
LF:companieswithalimitednumberoffinancials
NF:companieswithnofinancialsatall
Notes:
1)TheproductFame(UnitedKingdomandIreland)isupdateddaily,butsinceOrbisis
weeklyupdated,informationonOrbisthatisretrievedfromFameisalsoweeklyupdated.
2)Priorityorder:OnOrbisaproductbasedonseveralexportsfromotherBvD(local)
productsandexternalsourcesweareapplyingapriorityorderregardingthesourceof
information.
i.e:IfaBelgiancompanyexistsonBelfirstandalsoonAmadeus,informationaboutthis
companyonOrbiswillberetrievedfromBelfirstandnotfromAmadeus.
3)Amadeuscoversmorecountriesthenlistedabovebutthosecountriesareactually
coveredbyotherBvD(local)productswhichhavepriorityfortheexporttoOrbis.
4)FinancialaccountsfromBankscope/Isis/Osirisareessentiallybasedontheannual
reports.
15.7Directors
15.7.1WomenorminorityownedUScompanies
ThefollowinginformationisonlyvalidforUScompanies.
15.7.1.1 Womanownedbusiness
Abusinessiswomenownedwhenabusinessisidentifiedasbeing(eitherselfidentifiedorvia
athirdparty)atleast51%ownedby,andwhosemanagementanddailybusinessoperations
arecontrolledby,oneormorewomenU.S.citizens.
15.7.1.2 Minorityownedbusiness
Abusinessisminorityownedwhenabusinessconcernisidentifiedasbeing(eitherself
identifiedorviaathirdparty)atleast51%ownedby,andwhosemanagementanddaily
businessoperationsarecontrolledby,oneormoremembersofasociallyandeconomically
disadvantagedminoritygroup.
TheminorityclassificationavailableonOrbismatchestheclassificationdevelopedandusedby
theUSgovernment:
BLKAfricanAmerican
ASNAsian:individualswithoriginsfromBrunei,Burma,Cambodia,China,
CommonwealthoftheNorthernMarianaIslands,FederatedStatesofMicronesia,Fiji,
Guam,HongKong,Indonesia,Japan,Kampuchea,Kiribati,Korea,Laos,Macau,
Malaysia,Nauru,Philippines,RepublicoftheMarshallIslands,RepublicofPalau,
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OrbisUserGuide
Samoa,Singapore,Taiwan,Thailand,Tonga,Tuvalu,U.S.TrustTerritoryofthePacific
Islands,Vietnam
HSPHispanicAmerican
NATNativeAmerican:includingAleut,AmericanIndian,Eskimo,NativeHawaiian
INDIndianSubcontinent:individualswithoriginsfromBangladesh,Bhutan,India,
MaldivesIslands,Nepal,Pakistan,andSriLanka.
15.8Financialdata
15.8.1Annualisationoffinancialitems
Iftheaccountingperiodisnot12months,theformulaeareadjustedsothevaluesare
comparableacrossthedatabase.
Theruleandadjustmentsthatweapplyisasfollows.
Therearetwodifferenttypesoffinancialdata:
1. Stocksaresnapshotsofaquantityownedorowedatapointintime.Alldataonthe
BalanceSheetarestocks.
2. Flowsoccuroveraperiodoftime.IncomestatementandCashFlowstatementdata
areallflows.Valuesonthesestatementsreflectperformancefortheintervalofthe
statement.
Allratiostakedataofoneorbothofthesetypesandcombinethem.Therearethreepossible
combinations:
1. Stock/Stock,
2. Flow/Flow,
3. Stock/Flow(orFlow/Stock).
Unlikethefirsttwocategories,thestockflowcategoryrequiresadjustmentsbecausethe
timingofthenumeratorsanddenominatorsisdifferent.
Inlists,companyreportsandanalyses,allratiosmixingstockandflowandnotcovering12
monthsareannualised.
Example:AverageRemunerationperEmployee=TotalRemuneration/Numberof
Employees.So,foranaccountingperiodof7months,thisformulawillbe:(Total
Remuneration/NumberofEmployees)*(12/7)
Allothervariables/formulascombiningflowsofdifferentperiodsoftimerequirecomputational
modificationsinordertocomparecomparablevalues.Thismeansthattheformulasforthe
averageandvariationsbetweentwoyearsarealsoadjustedtouseflowsonanannualbasis.
Note:inthelistsandcompanyreports,theitemsfromtheP/Laccountarealwayskeptin
theiroriginalvalue(noadjustmentisdone),whileinthestatisticalanalysestheyare
annualisedtobeabletocompareseveralcompaniesbetweenthemselves.
15.8.2Correspondencetables
15.8.2.1 CorrespondencetableforAustriancompanies
15.8.2.1.1Balancesheet
BvDCode
FIAS
IFAS
412
Formula
AmadeusLabel
Austrianformat
IFAS+TFAS+OFAS FixedAssets
FixedAssets+Formationexpenses
IntangibleFixedAssets Intangiblefixedassets+Formation
expenses
Datadetails
TFAS
OFAS
CUAS
TangibleFixedAssets
OtherFixedAssets(incl.
FinancialFixedAssets)
STOK+DEBT+OCAS CurrentAssets
STOK
DEBT
OCAS
Stocks
Debtors
OtherCurrentAssets
CASH
*CashandCash
Equivalent
TOAS
FIAS+CUAS
TotalAssets
SHFD
CAPI+OSFD
ShareholdersFunds
CAPI
Capital
OSFD
OtherShareholders
Funds(incl.Reserves)
NCLI
LTDB
ONCL
PROV
CULI
LOAN
CRED
OCLI
LTDB+ONCL
NonCurrentLiabilities
LongTermDebt
OthernonCurrent
Liabilities(incl.
Provisions)
*Provisions
LOAN+CRED+OCLICurrentLiabilities
Tangiblefixedassets
FixedAssetsIntangiblefixed
assetsTangiblefixedassets
CurrentAssets+Prepaidexpenses
+Otherassets
Stocks
Tradereceivables
CurrentAssetsStocksTrade
receivables+Prepaidexpenses+
Otherassets
Cashinhandandatbank+Cashin
handandatcentralbanksand
postalgirooffice
Totalassets
Equity+Untaxedreserves+
Specialitemsforinvestment
subsidiesoffixedassets+Atypical
silentpartnership+Participating
certificatesoutstanding+Privat
accountoflimitedpartner
Nominalcapital+Subscribedcapital
unpaid,called+Capitalofgeneral
partners+Capitaloflimited
partners
EquityNominalcapital
Subscribedcapitalunpaid,called
CapitalofgeneralpartnersCapital
oflimitedpartners+Untaxed
reserves+Specialitemsfor
investmentsubsidiesoffixedassets
+Atypicalsilentpartnership+
Participatingcertificatesoutstanding
+Privateaccountoflimitedpartner
Provisions
na
Provisions
Provisions
Liabilities+Accrualsanddeferred
income+Otherliabilitiesand
shareholderfunds
Loans
Liabilitiestocreditsinstitutions+
Debentureloans+Loans+Loans
forconstructioncostssubsidies+
Otherloans+Bridgingloans
Creditors
Tradepayables
OtherCurrentLiabilities Liabilities+Accrualsanddeferred
income+Otherliabilitiesand
shareholderfundsLiabilitiesto
creditsinstitutionsDebenture
loansLoansLoansfor
constructioncostssubsidiesOther
loansBridgingloansTrade
payables
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OrbisUserGuide
TSHF
SHFD+NCLI+CULI TotalShareholdersFundsTotalliabilitiesandshareholder
andLiabilities
funds
WKCA
STOK+DEBTCRED WorkingCapital
NCUA
ENVA
CUASCULI
Netcurrentassets
Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
EMPL
NumberofEmployees
Stocks+Tradereceivables Trade
payables
calculated
calculated
NumberofEmployees
15.8.2.1.2Profit&lossaccount
BvD
Code
Formula
OPRE
TURN
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
FIRE
414
Amadeus
Austrian
Label
format(GKV)
Austrian
format
(UKV)
Operating
Revenue/
Turnover
OperatingRevenueOperating
/Turnover+StockRevenue/
movements
Turnover+
(Increase/decreaseOther
offinishedand
operating
unfishedgoodsin income
stock)+
Capitalizedown
costs+Other
operatingincome
Sales
OperatingRevenueOperating
/Turnover
Revenue/
Turnover
Costof
N.A.
Manufacturing
GoodsSold
costs(UKV)
GrossProfit N.A.
Gross
profit/losson
sales(UKV)
Other
N.A.
Gross
Operating
profit/losson
Expenses
sales
Operating
profit/loss
Operating
Operating
Operating
Profit(Loss) profit/loss
profit/loss
Financial
Revenue
Incomefrom
Incomefrom
participation+
participation
Incomefromother+Income
investments+
fromother
Incomefromprofitinvestments
transfer
+Income
agreements+
fromprofit
Otherinterest
transfer
receivableand
agreements+
similar income
Otherinterest
receivable
andsimilar
income
Datadetails
FIEX
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
EXPT
MATE
STAF
DEPR
PLAT+EXTR
Financial
Expenses
Chargesfromloss
transfer
agreements+
Amortizationon
financialassets+
Interestpayable
onloans
Chargesfrom
losstransfer
agreements+
Amortization
onfinancial
assets+
Interest
payableon
loans
Financial
Participation
Participation
Profit/Loss profit/loss+
profit/loss+
InterestIncome Interest
Income
Profit(Loss) Profit/lossfrom
Profit/loss
before
ordinaryactivities fromordinary
Taxation
activities
Taxation
Incometaxes+ Incometaxes
Othertaxes
+Othertaxes
Profit(Loss) Profit/lossfrom
Profit/loss
after
ordinaryactivities fromordinary
Taxation
Incometaxes activities
Othertaxes
Incometaxes
Othertaxes
ExtraordinaryExtraordinary
Extraordinary
andother
income+Income income+
Revenue
fromlosstransfer Incomefrom
agreements
losstransfer
agreements
Extraordinary
andother
charges+Chargescharges+
Expenses
fromprofittransferChargesfrom
agreements
profittransfer
agreements
Extraordinary
andother
profit/loss+
profit/loss+
Profit(Loss) Incomefromloss Incomefrom
transfer
losstransfer
agreements
agreements
Chargesfrom
Chargesfrom
profittransfer
profittransfer
agreements
agreements
Profit(Loss) Profit/lossforthe Profit/lossfor
forPeriod
period
theperiod
Export
turnover
Material
Costs
Costof
Employees
Depreciation
NA
Materialcostand NA
externalcharges
Staffcosts
Staffcosts
Depreciation
INTE
InterestPaid Interestpayable
onloans
RD
R&D
expenses
NA
Depreciation
Interest
payableon
loans
Costsof
researchand
415
OrbisUserGuide
development
CF
AV
PL+DEPR
Profit/lossforthe
period+
Depreciation
TAXA+PL+STAF+DEPR+INTE AddedValue Incometaxes+
Othertaxes+
Profit/lossforthe
period+Staff
costs+
Depreciation+
Interestpayable
onloans
EBIT OPPL
EBTA EBIT+DEPR
CashFlow
EBIT
Operating
(Earnings
profit/loss
Before
Interestand
Taxes)
EBITDA
Operating
(Earnings
profit/loss+
Before
Depreciation
Interest,
Taxes,
Depreciation
and
Amortization)
Profit/lossfor
theperiod+
Depreciation
Incometaxes
+Othertaxes
+Profit/loss
fortheperiod
+Staffcosts
+
Depreciation
+ Interest
payableon
loans
Operating
profit/loss
Operating
profit/loss+
Depreciation
15.8.2.2 BelgianandLuxembourgcompaniesandassociations
15.8.2.2.1CorrespondencetableforBelgianandLuxembourgassociationsUnconsolidated
accounts
15.8.2.2.1.1 Balancesheet
BvD
Code
Formula
AmadeusLabel
FIAS IFAS+TFAS+OFAS FixedAssets

IFAS
IntangibleFixedAssets
TFAS
OFAS
TangibleFixedAssets
CUASSTOK+DEBT+OCAS CurrentAssets
STOK
Stocks
DEBT
Debtors
BelgianandLuxembourgformat
Fixedassets
Formationexpenses+Intangiblefixed
assets
Tangiblefixedassets
Financialfixedassets
OCAS
OtherCurrentAssets
CASH
TOASFIAS+CUAS
*CashandCash
Equivalent
TotalAssets
CurrentAssets
Stocksandcontractsinprogress
Tradedebtors(afteroneyear+within
oneyear.)
Otheramountsreceivable(afterone
year+withinoneyear.)+Investments
+Cashatbankandinhand +
Deferredchargesandaccruedincome
Investments+Cashatbankandin
hand
TotalAssets
SHFDCAPI+OSFD
ShareholdersFunds
Socialfunds
416
Datadetails
CAPI
OSFD
Capital
Associativefunds
OtherShareholdersFunds Revaluationsurpluses+Affectedfunds
(incl.Reserves)
+AccumulatedP/L +Investment
grants
NCLI LTDB+ONCL
Provisions&postponedtaxes+Debts
payableafter1year
LTDB
LongTermDebt
Financialdebts(afteroneyear)
ONCL
OthernonCurrent
Provisions&postponedtaxes+Trade
Liabilities(incl.Provisions) debts(afteroneyear)+Advancesrec.
oncontractsinprogress(afterone
year)+Otheramountspayable(after
oneyear)
PROV
*Provisions
Provisionsforliabilitiesandcharges
CULI LOAN+CRED+OCLICurrentLiabilities
Debtspayablewithin1year+Accrued
chargesanddeferredincome
LOAN
Loans
Financialdebts(withinoneyear)
CRED
Creditors
Suppliers(withinoneyear)
OCLI
OtherCurrentLiabilities
Currrentportionofdebtsafteroneyear
+Billsofexchangepayable+
Advancesrec.oncontractsinprogress
+Taxes,remuneration&socialsecurity
+Otheramountspayable+Accrued
TSHF SHFD+NCLI+CULI TotalShareholdersFunds TotalLiabilities
andLiabilities
WKCA STOK+DEBTCRED WorkingCapital
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
EMPL
Calculated
Calculated
Calculated
NumberofEmployees
15.8.2.2.1.2 Profit&Lossaccount
BvD
Code
Formula
OPRE
TURN
COST
GROS
OOPE
OPPL
FIRE
FIEX
FIPL
PLBT
OPRECOST
GROSOOPE
FIREFIEX
OPPL+FIPL
TAXA
PLAT
PLBTTAXA
AmadeusLabel
OperatingRevenue/
Turnover
Sales
CostofGoodsSold
GrossProfit
OtherOperatingExpenses
OperatingProfit(Loss)
FinancialRevenue
FinancialExpenses
FinancialProfit/Loss
Profit(Loss)before
Taxation
Taxation
Belgianand
Luxembourgformat
Operatingincome
Turnover
n.a.
n.a.
n.a.
OperatingP/L
Financialincome
Financialcharges
CalculatedasFIREFIEX
CurrentP/Lbeforetaxes
Incometaxes+Transferto
postponedtaxesTransfer
frompostponedtaxes
Profit(Loss)afterTaxationCalculatedasPLBTTAXA
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OrbisUserGuide
EXRE
Extraordinaryandother
Revenue
Expenses
Profit(Loss)
Profit(Loss)forPeriod
Extraordinaryincome
EXPT
MATE
STAF
Exportturnover
MaterialCosts
CostofEmployees
DEPR
Depreciation
INTE
RD
InterestPaid
R&Dexpenses
n.a.
Rawmaterials,consumables
Remun.,soc.securitycosts,
pensions
Deprec.&amountswr.off
fixedassets
Debtcharges
n.a.
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
CF
AV
EBIT
PL+DEPR
CashFlow
TAXA+PL+STAF+DEPR+INTE AddedValue
OPPL
EBIT(EarningsBefore
InterestandTaxes)
EBTA EBIT+DEPR
EBITDA(EarningsBefore
Interest,Taxes,
Depreciationand
Amortization)
Extraordinarycharges
CalculatedasEXREEXEX
P/Lfortheyearaftertaxes
Calculated
Calculated
Calculated
Calculated
15.8.2.2.2CorrespondencetableforBelgianandLuxembourgcompaniesConsolidated
accounts
BvD
Code
Formula
AmadeusLabel

IFAS
TFAS
OFAS
TangibleFixedAssets
STOK
Stocks
DEBT
Debtors
Fixedassets
Formationexpenses+Intangiblefixed
assets+Goodwillarisingon
consolidation
Tangiblefixedassets
Financialfixedassets
OCAS
OtherCurrentAssets
CASH
TOASFIAS+CUAS
*CashandCash
Equivalent
TotalAssets
CurrentAssets
oneyear.)
Otheramountsreceivable(afterone
year+withinoneyear.)+Investments
+Cashatbankandinhand +Deferred
chargesandaccruedincome
Investments+Cashatbankandin
hand
TotalAssets
SHFDCAPI+OSFD
ShareholdersFunds
CapitalandReserves+Minority
418
Datadetails
Interests
Capital
Capital
OtherShareholdersFunds Sharepremiumaccount+Revaluation
(incl.Reserves)
surpluses+Consolidatedreserves+
Negativegoodwill +Translation
differences +Investmentgrants +
MinorityInterests
NCLI LTDB+ONCL
payableafter1year
LTDB
LongTermDebt
ONCL
OthernonCurrent
Liabilities(incl.Provisions) debts(afteroneyear)+Advancesrec.
oncontractsinprogress(afterone
year)+Otheramountspayable(after
oneyear)
PROV
*Provisions
LOAN
Loans
CRED
Creditors
OCLI
Currentportionofdebtsafteroneyear
+Billsofexchangepayable+
Advancesrec.oncontractsinprogress
+Taxes,remuneration&socialsecurity
+Otheramountspayable+Accrued
TSHF SHFD+NCLI+CULI TotalShareholdersFunds TotalLiabilities
andLiabilities
CAPI
OSFD

NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
EMPL
Calculated
Calculated
Calculated
NumberofEmployees
BvD
Code
Formula
OPRE
TURN
COST
GROSOPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL FIREFIEX
PLBT OPPL+FIPL
AmadeusLabel
OperatingRevenue/
Turnover
Sales
CostofGoodsSold
GrossProfit
OtherOperating
Expenses
FinancialRevenue
FinancialExpenses
Profit(Loss)before
Taxation
BelgianandLuxembourg
format
Operatingincome
Turnover
n.a.
n.a.
n.a.
OperatingP/L
Financialincome
Financialcharges
419
OrbisUserGuide
TAXA
Taxation
PLAT PLBTTAXA
Profit(Loss)after
Taxation
Revenue
Expenses
Profit(Loss)
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
EXPT
MATE
STAF
Exportturnover
MaterialCosts
CostofEmployees
DEPR
Depreciation
INTE
RD
InterestPaid
R&Dexpenses
postponedtaxesTransferfrom
postponedtaxes
CalculatedasPLBTTAXA
Extraordinaryincome+Profits
fromenterprisesinequivalence
Extraordinarycharges+Losses
fromenterprisesinequivalence
ConsolidatedP/L
n.a.
pensions
Deprec.&amountswr.offfixed
assets
Debtcharges
n.a.
CF
PL+DEPR
CashFlow
Calculated
AV TAXA+PL+STAF+DEPR+INTE AddedValue
Calculated
EBIT OPPL
EBIT(EarningsBefore Calculated
InterestandTaxes)
EBTA EBIT+DEPR
EBITDA(EarningsBeforeCalculated
Interest,Taxes,
Depreciationand
Amortization)
15.8.2.2.3CorrespondencetableforBelgianandLuxembourgcompaniesUnconsolidated
accounts
BvD
Code
Formula
AmadeusLabel

IFAS
TFAS
Fixedassets
IntangibleFixedAssets Formationexpenses+Intangiblefixed
assets
TangibleFixedAssets
Tangiblefixedassets
OFAS
OtherFixedAssets(incl. Financialfixedassets
CurrentAssets
STOK
Stocks
DEBT
Debtors
OCAS
OtherCurrentAssets
oneyear.)
Otheramountsreceivable(afteroneyear
+withinoneyear.)+Investments+Cash
atbankandinhand +Deferredcharges
andaccruedincome
420
Datadetails
CASH
Investments+Cashatbankandinhand
TOASFIAS+CUAS
*CashandCash
Equivalent
TotalAssets
SHFDCAPI+OSFD
ShareholdersFunds
CapitalandReserves
CAPI
Capital
Capital
OSFD
OtherShareholders
NCLI LTDB+ONCL
LTDB
LongTermDebt
Sharepremiumaccount+Revaluation
surpluses+Reserves+AccumulatedP/L
+Investmentgrants
payableafter1year
ONCL
OthernonCurrent
Liabilities(incl.
Provisions)
PROV
*Provisions
TotalAssets
debts(afteroneyear)+Advancesrec.on
contractsinprogress(afteroneyear)+
Otheramountspayable(afteroneyear)
LOAN
Loans
CRED
Creditors
OCLI
OtherCurrentLiabilities Currrentportionofdebtsafteroneyear+
Billsofexchangepayable+ Advances
rec.oncontractsinprogress+Taxes,
remuneration&socialsecurity+Other
amountspayable+Accruedchargesand
deferredincome
TSHF SHFD+NCLI+CULI TotalShareholders
TotalLiabilities
FundsandLiabilities
Calculated
NCUACUASCULI
Calculated
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
Calculated
EMPL
NumberofEmployees
NumberofEmployees
BvD
Code
Formula
OPRE
AmadeusLabel
Belgianand
Luxembourgformat
Operatingincome
TURN
OperatingRevenue/
Turnover
Sales
COST
CostofGoodsSold
n.a.
GROS OPRECOST
GrossProfit
n.a.
Turnover
421
OrbisUserGuide
OOPE
OtherOperatingExpenses n.a.
OPPL GROSOOPE
OperatingP/L
FIRE
FinancialRevenue
Financialincome
FIEX
FinancialExpenses
Financialcharges
FIPL
FIREFIEX
PLBT
OPPL+FIPL
Profit(Loss)before
Taxation
Taxation
Revenue
Expenses
Profit(Loss)
Extraordinaryincome
EXPT
Exportturnover
n.a.
MATE
MaterialCosts
STAF
CostofEmployees
DEPR
Depreciation
INTE
InterestPaid
pensions
Deprec.&amountswr.off
fixedassets
Debtcharges
RD
R&Dexpenses
n.a.
CashFlow
Calculated
TAXA
PLAT
PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
postponedtaxesTransfer
frompostponedtaxes
Extraordinarycharges
P/Lfortheyearaftertaxes
CF
PL+DEPR
AV
Calculated
EBIT
OPPL
Calculated
EBTA EBIT+DEPR
EBIT(EarningsBefore
InterestandTaxes)
Interest,Taxes,
Depreciationand
Amortization)
Calculated
15.8.2.3 CorrespondencetableforBosniancompanies
BvD
Code
Formula
AmadeusLabel
Bosnianlabel

Fixedassets
IFAS
IntangibleFixed
Intangibleassets
Assets
TFAS
TangibleFixedAssets Realestates,plant,equipmentand
investmentproperty+Biologicalassetsand
agriculturalproduce
422
Datadetails
OFAS
OtherFixedAssets Longtermfinancialinvestments+Postponed
(incl.FinancialFixed taxfunds
Assets)
Currentassets+Lossovercapital+Off
balancesheetassets
STOK
Stocks
Inventoryofmaterials+Inventoryofworkin
progress,goods,unfinishedproductsand
services+Inventoryoffinishedproducts+
Inventoryofmerchandisegoods
DEBT
Debtors
Shorttermreceivables
OCAS
OtherCurrentAssets Othershorttermreceivables+Shortterm
financialinvestments+Cashequivalentsand
cash+Prepaidexpensesandaccruedincome
+Deferredtaxassets+Lossover
capital+Offbalancesheetassets
CASH
*CashandCash
Cashequivalentsandcash
Equivalent
TOASFIAS+CUAS
TotalAssets
Totalassets
SHFDCAPI+OSFD
CAPI
OSFD
ShareholdersFunds
Capital
OtherShareholders
Funds(incl.
Reserves)
NCLI LTDB+ONCL
NonCurrent
Liabilities
LongTermDebt
LTDB
ONCL
OthernonCurrent
Liabilities(incl.
Provisions)
PROV
*Provisions
LOAN
CRED
OCLI
Loans
Creditors
OtherCurrent
Liabilities

FundsandLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
Capital
SubscribedcapitalSubscribedcapitalunpaid
Issuancepremium+reserves+revaluation
reserves+unrealisedgains(losses)from
financialassets+retainedearningslossupto
theamountofcapital
Longtermliabilities+Longtermprovisions
Longtermdebt+Longtermliabilitiesfrom
financialleasing +Longtermliabilitiesat
fairvaluethroughprofitandloss
Liabilitiesconvertibaleincapital+Liabilities
towardrelatedlegalentities+Longterm
securitiespayable+Deferredtaxliabilities+
Otherlongtermliabilities+Longterm
provisions
Longtermprovisions
Shorttermliabilities+Offbalancesheet
items
Shorttermfinancialliabilities
Operatingliabilities
Liabilitiesfromspecificoperations+wages
(salaries)andsalaries(salaries
compensations)payable+Otherliabilities+
Valueaddedtax+Othertaxes,contributions
andotherfeespayable+Profittaxliabilities
+Accruedexpensesanddeferredincome+
Deferredtaxliabilities+Offbalancesheet
items
Totalequityandliabilities
Calculated
Calculated
Calculated
423
OrbisUserGuide
CASH
EMPL
NumberofEmployees Numberofemployees
15.8.2.3.2Profit&Lossaccount
BvD
Code
Formula
OPRE
TURN
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
AmadeusLabel
OperatingRevenue/ Operatingincome
Turnover
Sales
Incomefromsalesofmerchandise
goods+Incomefromsaleof
products
CostofGoodsSold NA
GrossProfit
NA
OtherOperating
NA
Expenses
OperatingProfit
Operatingincome(orloss)
(Loss)
FinancialRevenue
Financialincome
FinancialExpenses
Financialexpenses
FinancialProfit/Loss FinancialincomeFinancial
expenses
Profit(Loss)before Operatingincome(orloss)
Taxation
Taxation
Taxexpensesofreporting
period+Deferredtaxexpensesof
reportingperiod+Deferredtax
incomesofreportingperiod
Profit(Loss)after
Operatingincome(orloss)Taxes
Taxation
Extraordinaryand
Otherincome+Incomefrom
otherRevenue
reevaluationofproperty
value+Incomesfromchangesin
accountingpoliciesandcorrections
frompreviousyear
Extraordinaryand
Otherexpenses+Lossesfrom
otherExpenses
reevaluationofproperty
value+Lossesfromchangesin
accountingpoliciesandcorrections
frompreviousyear
Extraordinaryand
Otherprofit(loss)
otherProfit(Loss)
Profit(Loss)for
Netincome(orloss)ofcurrent
Period
year
EXPT
Exportturnover
MATE
MaterialCosts
STAF
CostofEmployees
424
Serbianlabel
Incomefromsaleofmerchandise
goodsonforeignmarket+Income
fromsaleofproductsandservices
onforeignmarket
Merchandisegoodssoldatcost+
Materialexpenses
Wages,salariesandother
employeebenefitsexpenses
Datadetails
DEPR
INTE
RD
Depreciation
InterestPaid
R&Dexpenses
Depreciation
Interestsexpenses
NA
CF
PL+DEPR
CashFlow
calculated
AV
calculated
EBIT OPPL
EBIT(EarningsBeforecalculated
InterestandTaxes)
EBTA EBIT+DEPR
EBITDA(Earnings
calculated
BeforeInterest,
Taxes,Depreciation
andAmortization)
15.8.2.4 CorrespondencetableforBritishandIrishcompanies(FAME)
BvD
Code
Formula
FIAS
IFAS
TFAS
OFAS
IFAS+TFAS+OFAS
CUAS
STOK
DEBT
OCAS
STOK+DEBT+OCAS
AmadeusLabel
British/Irishformat
TOAS
FIAS+CUAS
FixedAssets
FixedAssets
IntangibleFixedAssets IntangibleAssets
TangibleFixedAssets
TangibleAssets
OtherFixedAssets(incl. Investments
CurrentAssets
CurrentAssets
Stocks
Stock&W.I.P.
Debtors
TradeDebtors
OtherCurrentAssets
Bank&Deposits+OtherCurrent
Assets+Investments
*CashandCash
Bank&Deposits
Equivalent
TotalAssets
CalculatedasFIAS+CUAS
SHFD
CAPI+OSFD
ShareholdersFunds
CASH
CAPI
OSFD
NCLI
LTDB+ONCL
LTDB
ONCL
PROV
CULI
LOAN
CRED
OCLI
TSHF
LOAN+CRED+OCLI
SHFD+NCLI+CULI
WKCA STOK+DEBTCRED
NCUA CUASCULI
ShareholdersFundsBalanceSheet
Minorities
Capital
IssuedCapital
OtherShareholders
TotalReservesBalanceSheet
Funds(incl.Reserves) Minorities
NonCurrentLiabilities LongTermLiabilities+Balance
SheetMinorities
LongTermDebt
LongTermDebt
OthernonCurrent
TotalOtherLongTermLiab.
Liabilities(incl.
ProvisionsforOtherLiab.Pension
Provisions)
Liabilities
*Provisions
ProvisionsforOtherLiab.
CurrentLiabilities
CurrentLiabilities
Loans
ShorttermLoans&Overdrafts
Creditors
TradeCreditors
OtherCurrentLiabilities TotalOtherCurrentLiabilities
TotalShareholders
CalculatedasSHFD+NCLI+CULI
FundsandLiabilities
WorkingCapital
Netcurrentassets
Calculated
Calculated
425
OrbisUserGuide
ENVA
Market
Cap+LTDB+LOAN
CASH
EMPL
EnterpriseValue
Calculated
NumberofEmployees
NumberofEmployees
BvD
Code
Formula
OPRE
GROS OPRECOST
OOPE
GROSOOPE
FIEX
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
Turnover +OtherIncome
preGP+OtherOperating
IncomepreOP
Sales
n.a.
CostofGoodsSold
CostofSalesExceptional
ItemspreGP
GrossProfit
GrossProfit+Other
OperatingIncomepreOP
OtherOperatingExpenses AdministrationExpenses
ExceptionalItemspreOP
OperatingProfit
FinancialRevenue
TotalOtherIncome&Int.
Received+Exceptional
Items
OROtherIncome+
ExceptionalItems(Iffirst
itemsnotavailable)
FinancialExpenses
InterestPaid
Profit(Loss)beforeTaxation Profit(Loss)beforeTax
Taxation
Taxation
Profit(Loss)afterTaxation Profit(Loss)afterTax
n.a.
Revenue
n.a.
Expenses
ExtraordinaryItems
Profit(Loss)
MinorityInterests
EXPT
MATE
STAF
DEPR
Exportturnover
MaterialCosts
CostofEmployees
Depreciation
INTE
RD
InterestPaid
R&Dexpenses
CF
AV
EBIT
426
British/Irishformat
OperatingRevenue/
Turnover
TURN
COST
OPPL
FIRE
AmadeusLabel
PL+DEPR
CashFlow
OPPL
EBIT(EarningsBefore
InterestandTaxes)
OverseasTurnover
n.a.
Remuneration
Depreciation+Total
Amortizationand
Impairment
InterestPaid
n.a.
Calculated
Calculated
Calculated
Datadetails
EBTA EBIT+DEPR
Interest,Taxes,
Depreciationand
Amortization)
Calculated
15.8.2.5 CorrespondenceTableforChineseCompanies
GLOBALFORMAT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
CHINESEFORMAT
2+3+4
Fixedassets
TotalassetsCurrentassets
Intangiblefixedassets Intangibleassets
Tangiblefixedassets Fixedassets
TotalassetsCurrentassetsIntangibleassetsFixed
Otherfixedassets
assets
6+7+8
Currentassets
Currentassets
Stocks
Inventory
Debtors
Accountsreceivable
Othercurrentassets CurrentassetsInventoryAccountsreceivable
Cash&cash
Cash+Shortterminvestment
equivalent
1+5
Totalassets
Totalassets
12+13
Shareholdersfunds Minorityinterests+Owner'sequity
Capital
Paidincapital
Othershareholders
Minorityinterests+Owner'sequityPaidincapital
funds
15+16
Noncurrentliabilities Longtermliabilities+Deferredtaxation
Longtermdebt
Medium&longtermloans+Longtermpayable
Othernoncurrent
Longtermliabilities+DeferredtaxationMedium&
liabilities
longtermloansLongtermpayable
18+19+20 Currentliabilities
Currentliabilities
Shorttermloans+Longtermliabilitiesduewithin
Loans
oneyear
Creditors
Accountspayable
Othercurrent
CurrentliabilitiesShorttermloansLongterm
liabilities
liabilitiesduewithinoneyearAccountspayable
11+14+17 Totalshareh.funds& Totalliabilitiesandowner'sequity
liab.
6+719
Workingcapital
517
Netcurrentassets
15.8.2.5.2ProfitandLossAccount
GLOBALFORMAT
24
25
26
27 2426
28
29 2728
30
31
CHINESEFORMAT
Operatingrevenue/ SalesSalestax+Otherrevenuesandgains
turnover
Sales
SalesSalestax
Costsofgoodssold Costofgoodssold
SalesSalestax+OtherrevenuesandgainsCostof
Grossprofit
goodssold
Otheroperating
Administrativeexpenses+Operatingexpenses
expenses
SalesSalestax+OtherrevenuesandgainsCostof
OperatingP/L
goodssoldAdministrativeexpensesOperating
(=EBIT)
expenses
Financialrevenue
Returnoninvestment
Financialexpenses Financialexpenses
427
OrbisUserGuide
32 3031
33 29+32
34
35 3334
FinancialP/L
P/Lbeforetax
Taxation
36
Extr.andother
revenue
Extr.andother
expenses
37
38 3637
39
P/Laftertax
Extr.andotherP/L
P/Lforperiod
ReturnoninvestmentFinancialexpenses
Incomefromoperations+Returnoninvestment
Incometaxes
Incomefromoperations+ReturnoninvestmentIncome
taxes
Subsidyincome+Nonoperatingincome
Minorityloss/profit+NonoperatingincomeNon
operatingnetincome
Subsidyincome+NonoperatingnetincomeMinority
loss/profit
Netincome
15.8.2.6 CorrespondencetableforCroatiancompanies
BvD
Code
Formula
AmadeusLabel

IFAS
IntangibleFixed
Assets
TFAS
TangibleFixedAssets
OFAS
OtherFixedAssets
(incl.FinancialFixed
Assets)
STOK
Stocks
DEBT
Debtors
OCAS
OtherCurrentAssets
CASH
TOASFIAS+CUAS
SHFDCAPI+OSFD
CAPI
OSFD
*CashandCash
Equivalent
TotalAssets
Croatianformat
Totalfixedassets
Intangiblefixedassets
Tangiblefixedassets
Longtermfinancialassets+Longterm
receivables
Totalcurrentassets
Inventories
Shorttermreceivables(total)
Shorttermfinancialassets +Cashatbank
andinhand+Accruals+Lossoverthe
capitalvalue
Cashatbankandinhand
Totalassets
ShareholdersFunds Equity
Capital
SubscribedCapital
OtherShareholders Capitalreserves+Reservesfromprofit+
Funds(incl.Reserves) Revalorizationalreserves+Profit/Loss
broughtforward+Profit/Lossoftheperiod
+Minorityinterests
NCLI LTDB+ONCL
NonCurrentLiabilities Longtermliabilities+provissions
LTDB
LongTermDebt
Longtermdebt
ONCL
OthernonCurrent
Provissions
Liabilities(incl.
Provisions)
PROV
*Provisions
Provissions
Shorttermliabilities+Diferreditems
LOAN
Loans
Shorttermloans
CRED
Creditors
Tradecreditors
OCLI
OtherCurrent
Othershorttermliabilities(toassociated
Liabilities
companies,Deposits,advancespayments,
Tostaff,Taxes,fees,etc.,Toshareholders
fordividends,Forfixedassetsintendedto
428
Datadetails

FundsandLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
EMPL
besold,Othershorttermliabilities)+
Deferreditems
TotalLiabilities
Calculated
Calculated
Calculated
NumberofEmployees NumberofEmployees
BvD
Code
Formula
OPRE
TURN
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
AmadeusLabel
Croatianformat
OperatingRevenue/ OperatingRevenue
Turnover
Sales
Sales
CostofGoodsSold
n.a.
GrossProfit
n.a.
OtherOperating
n.a.
Expenses
OperatingProfit(Loss) OperatingrevenueOperating
expenses(consistingofmaterial
expeneses,costofemployees,
depreciation,otheroperating
expenses)
FinancialRevenue
FinancialRevenue
FinancialExpenses
Financialexpenses
FinancialProfit/Loss CalculatedasFIREFIEX
Profit(Loss)before
CalculatedasOPPL+FIPL(P/L
Taxation
beforetaxationinCroatianformat
iscalculatedafterextraordinary
revenuesandexpenses)
Taxation
Taxation
Profit(Loss)after
CalulatedasPLBTTAXA(Profit
Taxation
(Loss)aftertaxinCroatian
formatiscalculatedafter
extraordinaryrevenuesand
expenses)
Extraordinaryand
Extraordinaryrevenues
otherRevenue
Extraordinaryand
Extraordinaryexpenses
otherExpenses
Extraordinaryand
otherProfit(Loss)
Profit(Loss)forPeriod Profitoftheperiod
EXPT
MATE
Exportturnover
MaterialCosts
STAF
DEPR
CostofEmployees
Depreciation
rawmaterialcosts+ soldgoods
costs
Stafcosts
Depreciation
429
OrbisUserGuide
INTE
RD
InterestPaid
R&Dexpenses
n.a.
n.a.
CF
PL+DEPR
CashFlow
Calculated
AV
Calculated
EBIT OPPL
InterestandTaxes)
EBTA EBIT+DEPR
EBITDA(Earnings
Calculated
BeforeInterest,Taxes,
Depreciationand
Amortization)
15.8.2.7 CorrespondencetableforCzechcompanies
BvD
Code
Formula
AmadeusLabel
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
FixedAssets
TangibleFixedAssets
STOK
DEBT
Stocks
Debtors
OCAS
OtherCurrentAssets
CASH
TOASFIAS+CUAS
*CashandCash
Equivalent
TotalAssets
SHFDCAPI+OSFD
ShareholdersFunds
CAPI
OSFD
Capital
OtherShareholders
NCLI LTDB+ONCL
LTDB
ONCL
LongTermDebt
OthernonCurrent
Liabilities(incl.
Provisions)
PROV
*Provisions
430
Czechformat
Fixedassets
Tangiblefixedassets
Longtermfinancialassets
Currentassets+Otherassets
(temporaryaccounts)
Inventories
Longtermtradereceivables+Short
termtradereceivables
Longtermreceivables(execpttrade
receivables)+Shorttermreceivables
(exepttradereceivables)+Financial
assets+Otherassets(temporary
accounts)
Financialassets
Totalassets
Registeredcapital+Capitalfunds+
Fundsfromnetprofits+Profit/Loss
(previousyear)+Profit/Loss(current
year)+Reserves
Registeredcapital
CapitalFunds+Fundsfromnetprofits+
Profit/Loss(previousyear)+Profit/Loss
(currentyear)+Reserves
Longtermpayables+Longtermbank
loans
Longtermbankloans
Longtermpayables
Shorttermpayables+Currentbank
loans+Shorttermaccommodations+
Accruals
Datadetails
LOAN
CRED
OCLI
Loans
Currentbankloans
Creditors
Shorttermtradepayables
OtherCurrentLiabilities Shorttermpayables(exepttrade
payables)+Shorttermaccommodations
+Accruals
TSHF SHFD+NCLI+CULI TotalShareholdersFunds Totalliabilities
andLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
Calculated
Calculated
Calculated
EMPL
NumberofEmployees
NumberofEmployees
BvD
Code
Formula
OPRE
TURN
COST
GROSOPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
AmadeusLabel
Czechformat
OperatingRevenue/ Revenuesfromsoldgoods+
Turnover
Productions+Revenuesfromsale
orfixedassetsandsoldmaterial+
Otheroperatingrevenues+
Transferofoperatingrevenues
Sales
Revenuesfromsoldgoods+
Revenuesfromownproductsand
services
CostofGoodsSold NA
GrossProfit
NA
OtherOperating
NA
Expenses
OperatingProfit
Profitfromoperation
(Loss)
FinancialRevenue
Revenuesfromlongtermfinancial
assets+Revenuesfromshortterm
financialassets+Revenuesfrom
securitiesrevaluation+Changeof
stateofreservesandaccounting
adjustmentsinfinancialarea+
Receivedinterests+Otherfinancial
revenues+Transferoffinancial
revenues+Revenuesfromsaleof
securitiesandshares
FinancialExpenses
Soldsecuritiesandshares+
Expensesonfinancialassets+
Expensesonsecuritiesrevaluation
+Paidinterests+Otherfinancial
expenses+Transferoffinancial
expenses
FinancialProfit/Loss Incomefromfinancialoperations
Profit(Loss)before Operatingincome+Incomefrom
Taxation
financialoperations
Taxation
Incometaxfromcurrentactivity
Profit(Loss)after
Operatingprofit/lossordinary
Taxation
activity
431
OrbisUserGuide
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
Extraordinaryand
otherRevenue
Extraordinaryand
otherExpenses
Extraordinaryand
otherProfit(Loss)
Profit(Loss)for
Period
EXPT
MATE
Exportturnover
MaterialCosts
STAF
DEPR
CostofEmployees
Depreciation
INTE
RD
InterestPaid
R&Dexpenses
Extraordinaryrevenues+tax
deferred
Extraordinaryexpenses+Duetax
Operatingprofit/lossextraordinary
activity
Profit/lossofcurrentaccounting
period
Consumptioninproduction+cost
ofgoodssoldservices
Personnelcosts
Depreciationsofintangibleand
tangibleassets
Paidinterests
n.a.
CF
PL+DEPR
CashFlow
Calculated
Calculated
EBIT OPPL
EBIT(EarningsBeforeCalculated
InterestandTaxes)
EBTA EBIT+DEPR
EBITDA(Earnings
Calculated
BeforeInterest,
Taxes,Depreciation
andAmortization)
15.8.2.8 CorrespondencetableforDanishcompanies
BvD
Code
Formula
FIAS
IFAS
TFAS
OFAS
IFAS+TFAS+OFAS
CUAS
STOK
DEBT
OCAS
CASH
TOAS
STOK+DEBT+OCAS
SHFD
CAPI
OSFD
CAPI+OSFD
NCLI
LTDB+ONCL
LTDB
ONCL
432
FIAS+CUAS
AmadeusLabel
FixedAssets
TangibleFixedAssets
CurrentAssets
Stocks
Debtors
OtherCurrentAssets
*CashandCashEquivalent
TotalAssets
ShareholdersFunds
Capital
OtherShareholdersFunds
(incl.Reserves)
Danishformat
Fixedassets
Intang.fix.assets
Tang.fixedassets
Financialassets
Currentassets
Inventories
Debtors
Othercurrentassets
Cashinhand/bank
Balance
Equity
Sharecapital
Revaluation
reserves+expectedoutcast
Longtermliab.(incl
Provisions)
LongTermDebt
Subord.loan
capital+Mortgagedebt
OthernonCurrentLiabilities Provisions
Datadetails
PROV
CULI
LOAN
CRED
OCLI
TSHF
LOAN+CRED+OCLI
SHFD+NCLI+CULI
WKCA
NCUA
ENVA
(incl.Provisions)
*Provisions
Provisions
CurrentLiabilities
Shorttermliab.
Loans
n.a.
Creditors
Creditors
n.a.
TotalShareholdersFundsand Balance
Liabilities
STOK+DEBTCRED
WorkingCapital
CUASCULI
Netcurrentassets
Market
EnterpriseValue
Cap+LTDB+LOANCASH
EMPL
NumberofEmployees
Calculated
Calculated
Calculated
NumberofEmployees
BvD
Code
Formula
OPRE
TURN
COST
GROSOPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
EXPT
MATE
STAF
DEPR
INTE
RD
PLAT+EXTR
AmadeusLabel
OperatingRevenue/
Turnover
Sales
CostofGoodsSold
GrossProfit
FinancialRevenue
FinancialExpenses
Profit(Loss)beforeTaxation
Taxation
Danishformat
Turnover
n.a.
CalculatedasOPREGROS
Grossprofit
CalculatedasGROSOPPL
Operatingprofit
Financialincome
Financialexpenses
Financialitemsnet
Ordinaryresult
PretaxprofitAnnual
result
CalculatedasPLBTTAXA
n.a.
Profit(Loss)afterTaxation
Revenue
n.a.
Expenses
ExtraordinaryandotherProfitExtraordinaryitems
(Loss)
Annualresult
Exportturnover
MaterialCosts
CostofEmployees
Depreciation
InterestPaid
R&Dexpenses
CF
PL+DEPR
CashFlow
EBIT OPPL
EBIT(EarningsBefore
InterestandTaxes)
n.a.
n.a.
Personnelcosts
Depreciation
n.a.
n.a.
Calculated
Calculated
Calculated
433
OrbisUserGuide
EBTA EBIT+DEPR
Calculated
Interest,Taxes,Depreciation
andAmortization)
15.8.2.9 CorrespondencetableforDutchcompanies
BvD
Code
Formula
FIAS
IFAS
TFAS
OFAS
IFAS+TFAS+OFAS
CUAS
STOK
DEBT
OCAS
STOK+DEBT+OCAS
CASH
AmadeusLabel
FixedAssets
TangibleFixedAssets
CurrentAssets
Stocks
Debtors
OtherCurrentAssets
TOAS
FIAS+CUAS
*CashandCash
Equivalent
TotalAssets
SHFD
CAPI+OSFD
ShareholdersFunds
CAPI
OSFD
NCLI
LTDB+ONCL
LTDB
ONCL
PROV
CULI
LOAN+CRED+OCLI
LOAN
CRED
OCLI
TSHF
SHFD+NCLI+CULI
Dutchformat
Fixedassets
Tangiblefixedassets
Financialfixedassets+Other
fixedassets
Currentassets
Stocks
Receivables
Securities+Liquidassets+
Othercurrentassets
Liquidassets
Totalassets
Shareholdersfunds+Minority
interests
Capital
Issuedcapital
OtherShareholdersFunds Reserves+Minorityinterests
(incl.Reserves)
Longtermliabilities+
Equalizationaccount+
Provisions
LongTermDebt
Longterminterestbearing
liabilitiesincl.leaseliabilities
OthernonCurrent
Otherlongtermliabilities+
Liabilities(incl.Provisions) Equalizationaccount+
provisions
*Provisions
Provisions
CurrentLiabilities
Currentliabilities+Other
liabilities
Loans
Currentinterestbearing
liabilities
Creditors
Tradecreditors
Othercurrentliabilities+Other
liabiliities
TotalShareholdersFunds Totalassets
andLiabilities
WKCA STOK+DEBTCRED
WorkingCapital
NCUA CUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOANCASH
Calculated
Calculated
Calculated
EMPL
Numberofemployees
434
NumberofEmployees
Datadetails
BvD
Code
Formula
OPRE
TURN
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL
FIREFIEX
PLBT
OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
EXPT
MATE
STAF
DEPR
INTE
RD
AmadeusLabel
Dutchformat
OperatingRevenue/
Turnover
Sales
CostofGoodsSold
GrossProfit
Operatingincome
Exportturnover
MaterialCosts
CostofEmployees
Depreciation
InterestPaid
R&Dexpenses
n.a.
Rawmaterials
Staffcosts
DepreciationonIFAandTFA
Interestexpenses
n.a.
Netsales
costofsales
OperatingincomeCostof
sales
OtherOperatingExpenses OperatingexpensesCostof
sales
Operatingresults
FinancialRevenue
Financialincome+Balanceof
participationsbeforetaxes+
Balanceofotherinc./exp.
FinancialExpenses
Financialexpenses
Financialresults+Balanceof
participationsbeforetaxes+
Balanceofotherinc./exp.
Profit(Loss)before
Incomebeforetaxes
Taxation
Taxation
Incometaxes
Profit(Loss)afterTaxation Incomeaftertaxes
Extraordinaryandother Extraordinaryincome+
Revenue
Adjustmentdeferredtaxes+
Balanceofparticipationsafter
taxes
Extraordinaryandother Extraordinaryexpenses+
Expenses
Taxesextraordinaryresults
Extraordinaryandother Extraordinaryresultsafter
Profit(Loss)
taxes+Balanceof
participationsaftertaxes
1075Netresult
CF
AV
EBIT
PL+DEPR
CashFlow
OPPL
EBIT(EarningsBefore
InterestandTaxes)
EBTA EBIT+DEPR
Interest,Taxes,
Depreciationand
Amortization)
Calculated
Calculated
Calculated
Calculated
15.8.2.10
CorrespondencetableforEstoniacompanies
15.8.2.10.1
Balancesheet
BvD
Formula
AmadeusLabel
Estonianformat
435
OrbisUserGuide
Code
FIAS
IFAS
TFAS
OFAS
IFAS+TFAS+OFAS
CUAS STOK+DEBT+OCAS
STOK
DEBT
OCAS
CASH
TOAS
FIAS+CUAS
SHFD
CAPI
OSFD
CAPI+OSFD
NCLI
LTDB
ONCL
LTDB+ONCL
FixedAssets
Fixedassets,total
IntangibleFixedAssets Intangibleassets
TangibleFixedAssets
Tangibleassets(net)
OtherFixedAssets(incl. Longterminvestments
CurrentAssets
Currentassets,total
Stocks
Inventories
Debtors
Tradereceivables
OtherCurrentAssets
Cash&securities+Other
receivables+Accruedincome,
prepayments
*CashandCash
Cash&securities
Equivalent
TotalAssets
Assets,total
ShareholdersFunds
Capital
OtherShareholders
LongTermDebt
OthernonCurrent
Liabilities(incl.
Provisions)
*Provisions
CurrentLiabilities
Loans
Equity,total
Sharecapital
Reserves+Otherequity+Retained
earnings+P/Lfortheperiod
Longtermliabilities,total
Longtermliabilities
Otherlongtermdebt
WKCA STOK+DEBTCRED
NCUA CUASCULI
ENVA Market
Cap+LTDB+LOAN
CASH
WorkingCapital
Netcurrentassets
EnterpriseValue
Calculated
Calculated
Calculated
EMPL
NumberofEmployees
Numberofemployees
PROV
CULI
LOAN
LOAN+CRED+OCLI
CRED
OCLI
TSHF
SHFD+NCLI+CULI
n.a.
Currentliabilities,total
Shorttermdebtsincl.bank
loan
Creditors
Accountspayable,customer
prepayments
OtherCurrentLiabilities Miscellaneousliabilities+Taxes
payable+Accruedexpenses,
other
TotalShareholders
Liabilities&Equity,total
FundsandLiabilities
15.8.2.10.2
Profit&Lossaccount
BvD
Code
Formula
OPRE
Amadeus Estonianformat1
Label
TURN
Operating
Revenue/
Turnover
Sales
COST
Costof
436
Estonianformat2
OperatingIncome,
total
Netsales+ Otheroperating
income
Net
sales
n.a.
Netsales
Costofgoods,services
Datadetails
GROS OPRECOST
GoodsSold
GrossProfit n.a.
OOPE
Other
Operating
Expenses
n.a.
OPPL GROSOOPE
Operating
Profit(Loss)
Financial
Revenue
Financial
Expenses
Financial
Profit/Loss
Profit(Loss)
before
Taxation
Taxation
Operating
profit
n.a.
FIRE
FIEX
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
EXPT
MATE
STAF
DEPR
INTE
RD
PLAT+EXTR
n.a.
Calculated:Netsales+
Otheroperatingincome
Costofgoods,
services
Marketingcosts
+Administrative
expenses+Otheroperating
expenses
Operatingprofit
n.a.
n.a.
Financeincomeand
expenses
Calculated:Operating
profit+Financeincome
andexpences
Income
tax
Profit(Loss) Calculated:Operating
after
profit+Financeincome
Taxation
andexpensesIncome
tax
Extraordinaryn.a.
andother
Revenue
Extraordinaryn.a.
andother
Expenses
andother
P/L
Profit(Loss)
Profit(Loss) Netprofit
forPeriod
Financeincomeand
expenses
Calculated:Operatingprofit
+Financeincomeand
expences
Income
tax
Calculated:Operatingprofit
+Financeincomeand
expensesIncometax
Export
n.a.
turnover
Material
Goods,
Costs
materials
Costof
Personnel
Employees costs
Depreciation Depreciation
InterestPaid n.a.
R&D
n.a.
expenses
n.a.
CF PL+DEPR
CashFlow Calculated
AV TAXA+PL+STAF+DEPR+INTEAddedValue Calculated
EBIT OPPL
EBIT
Calculated
(Earnings
Before
Interestand
Taxes)
EBTA EBIT+DEPR
EBITDA
Calculated
n.a.
n.a.
Extraordinary
P/L
Netprofit
n.a.
n.a.
n.a.
n.a.
n.a.
Calculated
Calculated
Calculated
Calculated
437
OrbisUserGuide
(Earnings
Before
Interest,
Taxes,
Depreciation
and
Amortization)
15.8.2.11
CorrespondencetableforFinnishcompanies
15.8.2.11.1
BvD
Code
Balancesheet
Formula
AmadeusLabel
FixedAssets
TangibleFixedAssets
STOK
Stocks
DEBT
Debtors
OCAS
OtherCurrentAssets
Finnishformat
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
Fixedandothernoncurrentassets
Intangibleassets
Tangibleassets
Investments
CASH
Currentassets
Inventoriesandworkinprogress
Tradereceivable
Short&Longterm(receivablesfrom
groupcompanies+receivablesfrom
associatedcompanies+Loanreceivables
+Imputedtaxreceivables+Other
receivables+Unpaidshares/similar
rightsofownership+Prepaidexpenses
andaccruedincome)+Financialassets
Cashinhandandatbank
TOASFIAS+CUAS
*CashandCash
Equivalent
TotalAssets
SHFDCAPI+OSFD
ShareholdersFunds
Balancesheettotal
Shareholdersequity+Otherreserves+
Accumulatedclosingentries
CAPI
Capital
Sharecapital,subscribedcapitalofaco
operativeorothercapital
OSFD
OtherShareholders
Sharepremium+Revaluation
reserve+Fairvaluereserve+Other
reserves+Accumulatedclosingentries
NCLI LTDB+ONCL
Longtermliabilities+Compulsory
provisions
LTDB
LongTermDebt
Loansfromfinancialinstitutions
ONCL
OthernonCurrent
LongtermliabilitiesLoansfrom
Liabilities(incl.
financialinstitutions+Compulsory
Provisions)
provisions
PROV
*Provisions
Compulsoryprovisions
Shorttermliabilities
LOAN
Loans
Loanstofinancialinstitutions
CRED
Creditors
Tradepayables
OCLI
OtherCurrentLiabilities ShorttermliabilitiesLoanstofinancial
institutionsTradepayables
TSHF SHFD+NCLI+CULI TotalShareholdersFunds Balancesheettotal
andLiabilities
438
Calculated
Datadetails
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
Calculated
Calculated
EMPL
Numberofemployees
NumberofEmployees
15.8.2.11.2
Profit&Lossaccount
BvD
Code
Formula
OPRE
TURN
COST
GROSOPRECOST
OOPE
OPPL GROSOOPE
FIRE
Amadeus
Label
Finnish
format
TU14
Finish
format
TU16
Finnish
Finnish
formatTU15formatTU17
Operating
Revenue/
Turnover
Turnover+ Turnover+ Turnover+

Turnover+
Changein
Changein
OtheroperatingOtheroperating
finished
finishedgoodsincome
income
goodsand andworkin
workin
progress
progress
inventories+
inventories+Productionfor
Production ownuse+
forownuse Other
+Other
operating
operating
income
income
Sales
Turnover
Turnover
Turnover
Turnover
Costof
n.a.
n.a.
CostofGoods CostofGoods
GoodsSold
Sold
Sold
GrossProfit n.a.
n.a.
Calculatedas Calculatedas
OPRECOST OPRECOST
Other
n.a.
n.a.
Salesand
Salesand
Operating
marketing
marketing
Expenses
expenses
expenses
+Administrative+Administrative
expenses+
expenses+
otheroperating otheroperating
expenses
expenses+
Shareinresult
ofassociated
companies
Operating
Operating
Operating
Operating
Operating
Profit(Loss) result
result
result
result
Financial
Incomeon Incomeon
Incomeon
Incomeon
Revenue
investments investments investmentsin investmentsin
ingroup
ingroup
group
group
companies+ companies+ companies+ companies+
Incomeon Incomeon
Incomeon
Incomeon
inassociated inassociated associated
associated
companies+ companies+ companies+ companies+
Incomeon Incomeon
Incomeon
Incomeon
inotherfixedinotherfixed otherfixed
otherfixed
assets+
assets+
assets+Other assets+Other
Other
Otherinterest interestsand interestsand
interestand andfinancial financial
financial
financial
income
income
income
income
439
OrbisUserGuide
FIEX
Financial
Expenses
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
440
PLAT+EXTR
ReductionsinReductionsin Reductionin
Reductionin
valueof
valueof
valueof
valueof
investments investments investments
investments
heldasnon heldasnon heldasnon
heldasnon
current
currentassetscurrentassets currentassets
assets+
+Reductions +Reductionin +Reductionin
Reductionsininvalueof
valueof
valueof
valueof
investments investments
investments
investments heldas
heldascurrent heldascurrent
heldas
currentassetsassets+
assets+
current
+Interest
Interestand
Interestand
assets+
andother
otherfinancial otherfinancial
Interestand financial
expenses
expenses+
other
expenses+
Shareinthe
financial
Shareinthe
resultof
expenses
resultof
associated
associated
companies
companies
Financial
CalculatedasCalculatedas Calculatedas Calculatedas
Profit/Loss FIREFIEX FIREFIEX FIREFIEX
FIREFIEX
Profit(Loss) Resultbefore
Resultbefore Resultbefore
before
extraordinary
extraordinary extraordinary
Taxation
items
items
items
Taxation
Incometax Incometax+ Incometax+ Incometax+
+Other
Otherindirect Otherdirect
Otherdirect
indirecttaxestaxes+
taxes+Changetaxes+Change
+Changein Changein
indeferredtax indeferredtax
deferredtax deferredtax liability
liability+Taxes
liability
liability+
forfiscal
Taxesinthe
period/periods
fiscal
+Minority
period/periods
share
Profit(Loss) CalculatedasCalculatedas Calculatedas Calculatedas
after
PLBTTAXA PLBTTAXA PLBTTAXA
PLBTTAXA
Taxation
ExtraordinaryExtraordinaryExtraordinary Extraordinary Extraordinary
andother
income
income
income
income+Share
Revenue
inprofitsif
assicuated
ciloabues
Minorityshare
ExtraordinaryExtraordinaryExtraordinary Extraordinary Extraordinary
andother
expenses+ expenses+
expenses+
expenses+
Expenses
changesin changesin
changesin
changesin
depreciation depreciation depreciation
depreciation
difference+ difference+ difference+
difference+
Changein
Changein
Changein
Changein
voluntary
voluntary
voluntary
voluntary
provisions
provisions+ provisions
provisions+
Sharein
Shareinlosses
lossesof
ofassociated
associated
companies
companies
ExtraordinaryCalculatedasCalculatedas Calculatedas Calculatedas
andother
EXREEXEX EXREEXEX EXREEXEX EXREEXEX
Profit(Loss)
Profit(Loss) Resultforthe Resultforthe Resultforthe Resultforthe
Datadetails
EXPT
MATE
STAF
DEPR
INTE
RD
forPeriod
fiscalperiod fiscalperiod fiscalperiod

Minorityshare
fiscalperiod
Minorityshare
Export
turnover
Material
Costs
n.a.
n.a.
n.a.
n.a.
Materials,
Materials,
n.a.
suppliesand suppliesand
goods
goods
Costof
Personnel
Personnel
n.a.
Employees expenses+ expenses+
social
socialsecurity
security
expenses
expenses
Depreciation Depreciation Depreciation n.a.
accordingto accordingto
plan+
plan+
ReductionsinDepreciation
valueoffixedon
andother
consolidated
noncurrent goodwill+
assets+
Reductionsin
Exceptional valueoffixed
reductionsin andother
valueof
noncurrent
current
assets+
assets
Exceptional
reductionsin
valueof
currentassets
+Reduction
ingroup
reserve
InterestPaid Interestand Interestand Interestand
financial
financial
otherfinancial
expenses
expenses
expenses
R&D
n.a.
n.a.
n.a.
expenses
CF
PL+DEPR
CashFlow
Calculated
AV TAXA+PL+STAF+DEPR+INTE AddedValue Calculated
EBIT OPPL
EBIT
Calculated
(Earnings
Before
Interestand
Taxes)
EBTA EBIT+DEPR
EBITDA
Calculated
(Earnings
Before
Interest,
Taxes,
Depreciation
and
Amortization)
n.a.
n.a.
n.a.
Interestand
otherfinancial
expenses
n.a.
Calculated
Calculated
Calculated
Calculated
Calculated
Calculated
Calculated
Calculated
15.8.2.12
Frenchcompanies
15.8.2.12.1
CorrespondencetableforFrenchcompaniesConsolidatedaccounts
441
OrbisUserGuide
BvD
Code
Formula
AmadeusLabel
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
FixedAssets
TangibleFixedAssets
STOK
DEBT
OCAS
Stocks
Debtors
OtherCurrentAssets
CASH
TOASFIAS+CUAS
*CashandCash
Equivalent
TotalAssets
SHFDCAPI+OSFD
ShareholdersFunds
Frenchformat
Totalfixedassets:netfigure
Totalintangiblefixedassets:netfigure
Totaltangiblefixedassets:netfigure
Totalfinancialassets:netfigure
Totalcurrentassets&prepaidexp.:net
figure+Deferredcharges+Bond
redemptionpremiums+Assets
conversionadjustmentsCap.
subscribed,called,unpaid:netfigure
TotalInventories:netfigure
Totaloperatingdebtors:netfigure
Totalotherdebtorsandcash:netfigure
+Prepaidexpenses:netfigure+
Deferredcharges+Bondredemption
premiums+Assetsconversion
adjustments
Marketablesecurities:netfigure+Cash
andbanks:netfigure
Totalassets:netfigure
TOTALSHAREHOLDERSFUNDS+TOTAL
MINORITYINTEREST+TOTALOTHER
EQUITYUncalledsharecapitalCap.
subscribed,called,unpaid:netfigure
CAPI
Capital
SharecapitalUncalledsharecapital
Cap.subscribed,called,unpaid:net
figure
OSFD
OtherShareholdersFundsTOTALSHAREHOLDERSFUNDSShare
(incl.Reserves)
capital+TOTALMINORITYINTEREST+
TOTALOTHEREQUITY
NCLI LTDB+ONCL
TOTALPROV.FORLIAB.ANDCH.+
Financialdebt:Duebetween2&5years
+Financialdebt:Duebeyondfiveyears
TOTALPROV.FORLIAB.ANDCH.+
Convertibleloans+Otherdebenture
loans
LTDB
LongTermDebt
Financialdebt:Duebetween2&5years
+Financialdebt:Duebeyondfiveyears
loans
ONCL
OthernonCurrent
TOTALPROV.FORLIAB.ANDCH.
Liabilities
PROV
*Provisions
TOTALPROV.FORLIAB.ANDCH.
Financialdebt:Duewithinoneyear+
TOTALOPERATINGDEBTANDSAUNDRY
+Liab.conversionadjustments
TOTALFINANCIALDEBTConvertible
loansOtherdebentureloans+TOTAL
OPERATINGDEBTANDSAUNDRY+Liab.
conversionadjustments
442
Datadetails
LOAN
Loans
Financialdebt:Duewithinoneyear
TOTALFINANCIALDEBTConvertible
loansOtherdebentureloans
CRED
Creditors
Creditors
OCLI
OtherCurrentLiabilities TOTALDEBTANDANTICIPATEDREV.+
Liab.conversionadjustments
ConvertibleloansOtherdebenture
loansBankborrowingsOther
borrowingsCreditors
TSHF SHFD+NCLI+CULI TotalShareholdersFunds TOTALLIAB.&SHARECAPITAL
andLiabilities
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
TotalInventories:netfigure+Total
Inventories:netfigureCreditors
CalculatedasCurrentassetsCurrent
liabilities
CalculatedasMarketcapitalisation+
Longtermdebt+LoansCashandcash
equivalent
EMPL
Averagenumberofemployees
NCUACUASCULI
Netcurrentassets
NumberofEmployees
BvD
Code
Formula
OPRE
AmadeusLabel
Frenchformat
TURN
OperatingRevenue TOTALOPERATINGREVENUES
/Turnover
Sales
Turnover
COST
CostofGoodsSold n.a.
GROS OPRECOST
GrossProfit
n.a.
OOPE
OtherOperating
Expenses
OperatingProfit
(Loss)
FinancialRevenue
n.a.
OPPL GROSOOPE
FIRE
FIEX
FIPL
FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
OperatingProfit
Financialrevenues+Sh.ofprofitor
losstransf.
FinancialExpenses Financialcharges+Sh.oflossor
profittransf.
FinancialProfit/
NETFINANC.PROFIT(LOSS)+Sh.
Loss
ofprofitorlosstransf.Sh.ofloss
orprofittransf.
Profit(Loss)before Profit/lossbeforetax
Taxation
Taxation
Corporateincometax+Deffered
taxes
Profit(Loss)after Profit/lossbeforetaxCorporate
Taxation
incometaxDefferedtaxes
Extraordinaryand Extraordinaryrevenues+Partof
otherRevenue
resultsputinequivalence+
Adjustmentforprovisionfor
acquisitionvariation
443
OrbisUserGuide
EXEX
Extraordinaryand
otherExpenses
EXTR EXREEXEX
Extraordinaryand
otherProfit(Loss)
PL
Profit(Loss)for
Period
PLAT+EXTR
EXPT
Exportturnover
MATE
MaterialCosts
ExtraordinaryCharges+Employee
profitsharing+ Allocationto
provisionforacquisitionvariation
NETEXTR.PROFIT(LOSS)
Employeeprofitsharing+Partof
resultsputinequivalence+
Adjustmentforprovisionfor
acquisitionvariationAllocationto
provisionforacquisitionvariation
PROFIT(LOSS)FORTHEPERIOD
Netturnoverrelatedtoexports
INTE
Purch.ofgoods(incl.imp.duties)+
Inventoryvariationgoods+Raw
materialspurchases+Inventory
variation(rawmaterial)
CostofEmployees Wagesandsalaries+Taxeson
salaries
Depreciation
Depreciationandprovisions
ProvisionforcurrentassetsProv.
forcont.andliabilities
InterestPaid
Interestcharges
RD
R&D
n.a.
CashFlow
PROFIT(LOSS)FORTHEPERIOD+
Depreciation+Provision
Corporateincometax+PROFIT
(LOSS)FORTHEPERIOD+Wages
andsalaries+Taxesonsalaries+
Depreciation+Provision+Interest
charges
OperatingProfit
STAF
DEPR
CF
PL+DEPR
AV
EBIT OPPL
EBTA EBIT+DEPR
EBIT(Earnings
BeforeInterestand
Taxes)
EBITDA(Earnings OperatingProfit+Depreciationand
BeforeInterest,
provisionsProvisionforcurrent
Taxes,Depreciation assetsProv.forcont.andliabilities
andAmortization
15.8.2.12.2
CorrespondencetableforFrenchcompaniesUnconsolidatedaccounts
BvD
Code
Formula
AmadeusLabel
Frenchformat

Totalfixedassets:netfigure
IFAS
IntangibleFixedAssets Startupcosts:netfigure+Research&
Development:netfigure+Concession,
patents,ect:netfigure+Goodwill:net
figure+Otherintangibleassets:net
figure+Adv.Tointangibleassets:net
figure
444
Datadetails
TFAS
TangibleFixedAssets
Land:netfigure+Buildings:netfigure+
Plantandequipment:netfigure+Other
tangibleassets:netfigure+Prop.,plant
&eq.inprogress:netfigure+prepaym.
totangibleassets:netfigure
OFAS
OtherFixedAssets(incl. Consolidatedinvestments:netfigure+
FinancialFixedAssets) Otherinvestments:netfigure+Sharesin
affiliatedundertakings:netfigure+Other
securities:netfigure+Loans:netfigure
+Otherfinancialassets:netfigure
Totalcurrentassets&prepaidexp.:net
figure+Deferredcharges+Bond
conversionadjustmentsCap.
Subscribed,called,unpaid:netfigure
STOK
Stocks
Rawmaterialsandconsumables:net
figure+Workinprogress:netfigure+
servicesinprogress:netfigure+semi
finishedandfinishedgoods:netfigure+
goodsforsale:netfigure
DEBT
Debtors
Tradedebtors:netfigure
OCAS
OtherCurrentAssets
Prepaymentstosuppliers:netfigure+
Prepaidexpenses:netfigure+Other
debtors:netfigure+Marketable
securities:netfigure+Cashandbanks:
netfigure+Deferredcharges+Bond
CASH
*CashandCash
Marketablesecurities:netfigure+Cash
Equivalent
andbanks:netfigure
TOASFIAS+CUAS
TotalAssets
Totalassets:netfigure
SHFDCAPI+OSFD
ShareholdersFunds
CAPI
Capital
OSFD
NCLI LTDB+ONCL
OtherShareholders
LTDB
LongTermDebt
Totalshareholdersfunds+Totalother
equityUncalledsharecapitalCap.
Suscribed,called,unpaid:netfigure
SharecapitalUncalledsharecapital
Cap.Suscribed,called,unpaid:netfigure
TotalshareholdersfundsSharecapital
+Totalotherequity
Totalprov.forliab.andch.+Total
debts:Duebetween2&5years+Total
debts:Duebeyond5years
ORTotalprov.Forliab.andch.+
loans+Bankborrowings+Other
borrowings Shorttermfin.Debts
Convertiblebonds:Duebetween2&5
years+Convertiblebonds:Duebeyond
fiveyears+Otherbonds:Duebetween
2&5years+Otherbonds:Duebeyond
fiveyears+Bankborrowingsrepayable
within1year:Duebetween2&5years
+Bankborrowingsrepayablewithin1
year:Duebeyondfiveyears+Bank
borrowingsrepayablebeyond1year:
Duebetween2&5years+Bank
borrowingsrepayablebeyond1year:
445
OrbisUserGuide
ONCL
OthernonCurrent
Liabilities
PROV
*Provisions
LOAN
Loans
CRED
Creditors
446
Duebeyondfiveyears+Bankborrowings
Otherborrowings:Duebetween2&5
years+BankborrowingsOther
borrowings:Duebeyondfiveyears
loans+Bankborrowings+Other
borrowingsShorttermfin.Debts
Tradecreditors:Duebetween2&5
years+Tradecreditors:Duebeyondfive
years+Salariesandbenefits:Due
between2&5years+Salariesand
benefits:Duebeyondfiveyears+Social
securitytaxes:Duebetween2&5years
+Socialsecuritytaxes:Duebeyondfive
years+Corporateincometax:Due
between2&5years+Corporateincome
tax:Duebeyondfiveyears+Value
addedtax:Duebetween2&5years+
Valueaddedtax:Duebeyondfiveyears
+Customsdeposits:Duebetween2&5
years+Customsdeposits:Duebeyond
fiveyears+Othertaxes:Duebetween2
&5years+Othertaxes:Duebeyond
fiveyears+Duetosuppliersofproperty
:Duebetween2&5years+Dueto
suppliersofproperty:Duebeyondfive
years+Intercompanypayables:Due
between2&5years+Intercompany
payables:Duebeyondfiveyears+Other
debts:Duebetween2&5years+Other
debts:Duebeyondfiveyears+
Securitiesborrowed:Duebetween2&5
years+Securitiesborrowed:Due
beyondfiveyears+Deferredincome:
Duebetween2&5years+Deferred
income:Duebeyondfiveyears+Total:
Duebeyondfiveyears+Totalprov.for
liab.andch.
Totalprov.Forliab.Andch.
Totaldebtandanticipatedrev.+Liab.
ConversionadjustmentsTotaldebts:
Duebetween2&5yearsTotaldebts:
Duebeyond5years
ConversionadjustmentsConvertible
loansOtherdebentureloansBank
boorrowingsOtherborrowings+Short
termfin.Debts
Convertiblebonds:Duewithinoneyear
+Otherbonds:Duewithinoneyear+
Bankborrowingsrepayablewithin1year
:Duewithinoneyear+Bankborrowings
repayablebeyond1year:Duewithinone
year+BankborrowingsOtherborrowings
:Duewithinoneyear
Shorttermfin.debts
Creditors
Datadetails
OCLI
OtherCurrentLiabilities Salariesandbenefits:Duewithinone
year+Socialsecuritytaxes:Duewithin
oneyear+Corporateincometax:Due
withinoneyear+Valueaddedtax:Due
withinoneyear+Customsdeposits:
Duewithinoneyear+Othertaxes:Due
withinoneyear+Duetosuppliersof
property:Duewithinoneyear+
Intercompanypayables:Duewithinone
year+Otherdebts:Duewithinoneyear
+Securitiesborrowed:Duewithinone
year+Deferredincome:Duewithinone
year+Anticipatedrevenues+Liab.
ConversionadjustmentsConvertible
loansOtherdebentureloansBank
borrowingsOtherborrowings
Creditors
TSHF SHFD+NCLI+CULI TotalShareholdersFundsTOTALLIAB.&SHARECAPITAL
andLiabilities
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
Rawmaterialsandconsumables:net
figure+Workinprogress:netfigure+
Servicesinprogress:netfigure+Semi
finishedandfinishedgoods:netfigure+
Goodsforsale:netfigure+Trade
debtors:netfigurecreditors
CalculatedasCurrentAssetsCurrent
Liabilities
CalculatedasMarketcapitalisation+
Longtermdebt+LoansCashandcash
equivalent
EMPL
Averagenumberofemployees
NCUACUASCULI
Netcurrentassets
NumberofEmployees
BvD
Code
Formula
OPRE
TURN
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL
FIREFIEX
AmadeusLabel
OperatingRevenue/
Turnover
Sales
CostofGoodsSold
GrossProfit
OtherOperating
Expenses
OperatingProfit
(Loss)
FinancialRevenue
FrenchFormat
TOTALOPERATINGREVENUES
NetTurnover
n.a.
n.a.
n.a.
Operatingprofit
Financialrevenues+Sh.ofprofit
orlosstransf.
FinancialExpenses
Financialcharges+Sh.oflossor
profittransf.
FinancialProfit/Loss NETFINANC.PROFIT(LOSS)+Sh.
ofprofitorlosstransf.Sh.ofloss
447
OrbisUserGuide
PLBT OPPL+FIPL
Profit(Loss)before
Taxation
Taxation
Profit(Loss)after
Taxation
Extraordinaryand
otherRevenue
Extraordinaryand
otherExpenses
Extraordinaryand
otherProfit(Loss)
Profit(Loss)for
Period
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
EXPT
MATE
Exportturnover
MaterialCosts
STAF
CostofEmployees
DEPR
INTE
RD
Depreciation
InterestPaid
R&D
CF
PL+DEPR
orprofittransf.
Profit/lossbeforetax
Corporateincometax
Profit/lossbeforetaxCorporate
incometax
Extraordinaryrevenues
ExtraordinaryCharges+Employee
profitsharing
NETEXTR.PROFIT(LOSS)
Employeeprofitsharing
PROFIT(LOSS)FORTHEPERIOD
Netturnoverrelatedtoexports
Purch.ofgoods(incl.imp.duties)+
Inventoryvariationgoods+Raw
materialspurchases+Inventory
variation(rawmaterial)
Wagesandsalaries+Taxeson
salaries
Interestcharges
n.a.
CashFlow
PROFIT(LOSS)FORTHEPERIOD+
AV
Corporateincometax+PROFIT
(LOSS)FORTHEPERIOD+Wages
andsalaries+Taxesonsalaries+
Depreciation+Provision+Interest
charges
EBIT OPPL
EBIT(EarningsBeforeOperatingprofit
InterestandTaxes)
EBTA EBIT+DEPR
EBITDA(Earnings
Operatingprofit+Depreciation+
BeforeInterest,
Provision
Taxes,Depreciation
andAmortization
15.8.2.13
CorrespondencetableforGermancompanies
15.8.2.13.1
Balancesheet
BvD
Code
Formula
Amadeus
Label
IFAS
TFAS
OFAS
448
Germanformat
FixedAssets+Accounting
convenience
SecondGerman
format
FixedAssets+
Accounting
convenience
Intangible
IntangibleAssets+Accounting IntangibleAssets+
FixedAssets
convenience
Accounting
convenience
TangibleFixed TangibleAssets
TangibleAssets
Assets
OtherFixed
FinancialAssets
FinancialAssets
Assets(incl.
Datadetails
FinancialFixed
Assets)
CUASSTOK+DEBT+OCAS CurrentAssets CurrentAssets+Prepaid
CurrentAssets+
expensesandaccruedincome Prepaidexpenses
+Assetsinbetweenfixedand andaccrued
currentassets+Deferredtaxesincome+Assetsin
(Prepaidexpense)+Other
betweenfixedand
Assets+Adjustmentitemfor currentassets+
equitycapital
Deferredtaxes
(Prepaidexpense)
+OtherAssets+
Adjustmentitem
forequitycapital
STOK
Stocks
Stocks
Stocks
DEBT
Debtors
Tradereceivables
Tradereceivables
OCAS
OtherCurrent InvestmentsfromCurrents
Investmentsfrom
Assets
Assets+Cashinhand,Central CurrentsAssets+
BankBalances,BankBalances Cashinhand,
andCheques+ReceivablesandCentralBank
otherassetsTradereceivablesBalances,Bank
+Prepaidexpensesand
Balancesand
accruedincome+Deferred
Cheques+
taxes(Prepaidexpense)+
Receivablesand
OtherAssets+Adjustment
otherassets
itemforequitycapital
Tradereceivables+
Prepaidexpenses
andaccrued
income+Deferred
taxes(Prepaid
expense)+Other
Assets+
Adjustmentitem
forequitycapital
CASH
*Cashand
Cashinhand,CentralBank
Cashinhand,
Cash
Balances,BankBalancesand CentralBank
Equivalent
Cheques
Balances,Bank
Balancesand
Cheques
TOASFIAS+CUAS
TotalAssets
TotalAssetsUnpaid
TotalAssets
contributionsonsubscribed
Unpaid
capitalDeficitnotcoveredby contributionson
equitycapital
subscribedcapital
Deficitnotcovered
byequitycapital
SHFDCAPI+OSFD
Shareholders
Funds
Equity+Specialitemswithan
equityportionUnpaid
contributionsonsubscribed
capitalDeficitnotcoveredby
equitycapital+Otherspecial
items
CAPI
Capital
SubscribedCapital/Capital
Account/ShareinCapital
Unpaidcontributionson
Equity+Special
itemswithan
equityportion
Unpaid
contributionson
subscribedcapital
Deficitnotcovered
byequitycapital+
Otherspecialitems
SubscribedCapital
/CapitalAccount/
ShareinCapital
449
OrbisUserGuide
OSFD
Other
Shareholders
Funds(incl.
Reserves)
NCLI LTDB+ONCL
NonCurrent
Liabilities
450
subscribedcapitalDeficitnot Unpaid
coveredbyequitycapital
contributionson
subscribedcapital
Deficitnotcovered
byequitycapital
Loansmadebyapartner
Loansmadebya
(EquityCharacter)+Profit
partner(Equity
sharingrightscapital
Character)+Profit
(CorporationsEquity
sharingrights
Character)+Capital
capital
contributionofSilentPartners (Corporations
(EquityCharacter)+Capital
EquityCharacter)+
reserves+Reserves
Capitalcontribution
(Partnerships)+Revenue
ofSilentPartners
Reserves+thereofpaid
(EquityCharacter)
contributionsforincreasein
+Capitalreserves
capital+Differencefrom
+Reserves
capitalconsolidation+Retained(Partnerships)+
profits/accumulatedlosses
RevenueReserves
broughtforward+Profit/loss +thereofpaid
fortheperiod+Balancesheet contributionsfor
profit/loss+Differencesfrom increaseincapital
foreigncurrencytranslation+ +Differencefrom
Minorityinterests+Adjustmentcapital
itemdeficitnotcoveredby
consolidation+
capital+Othercomprehensive Retained
income+Minorityinterest+ profits/accumulated
Otherequity+Specialitems lossesbrought
withanequityportion+Other forward+
specialitems+Paymentfor
Profit/lossforthe
capitalincreasecomputedin
period+Balance
equity+TreasuryStock
sheetprofit/loss+
Differencesfrom
foreigncurrency
translation+
Minorityinterests+
Adjustmentitem
deficitnotcovered
bycapital+Other
comprehensive
income+Minority
interest+Other
equity+Special
itemswithan
equityportion+
Otherspecialitems
+Paymentfor
capitalincrease
computedinequity
+TreasuryStock
Provisions+Liabilities
Provisions+
Liabilitiesthereofduewithin1 LiabilitiesLoans
year
duewithin1year
Liabilitiestocredit
institutionsdue
within1year
Paymentsreceived
onaccountof
Datadetails
LTDB
ONCL
LongTerm
Debt
LiabilitiesLiabilitiesthereof
duewithin1year
Othernon
Provisions
Current
Liabilities(incl.
Provisions)
PROV
*Provisions
Provisions
CULI LOAN+CRED+OCLICurrent
Liabilitiesthereofduewithin1
Liabilities
year+Accrualsanddeferred
income
ordersduewithin1
yearTrade
payablesduewithin
1yearLiabilities
onbillsaccepted
anddrawndue
within1year
Liabilitiesto
shareholdersdue
within1year
Payabletoaffiliated
enterprisesdue
within1year
Payableto
enterprisesin
whichparticipations
areheldduewithin
1yearOther
Liabilitiesdue
within1year
LiabilitiesLoans
duewithin1year
Liabilitiestocredit
institutionsdue
within1year
Paymentsreceived
onaccountof
ordersduewithin1
yearTrade
payablesduewithin
1yearLiabilities
onbillsaccepted
anddrawndue
within1year
Liabilitiesto
shareholdersdue
within1year
Payabletoaffiliated
enterprisesdue
within1year
Payableto
enterprisesin
whichparticipations
areheldduewithin
1yearOther
Liabilitiesdue
within1year
Provisions
Provisions
Loansduewithin1
year+Liabilitiesto
creditinstitutions
duewithin1year+
Paymentsreceived
onaccountof
451
OrbisUserGuide
ordersduewithin1
year+Trade
payablesduewithin
1year+Liabilities
onbillsaccepted
anddrawndue
within1year+
Liabilitiesto
shareholdersdue
within1year+
Payabletoaffiliated
enterprisesdue
within1year+
Payableto
enterprisesin
whichparticipations
areheldduewithin
1year+Other
Liabilitiesdue
within1year+
Accrualsand
deferredincome
LOAN
Loans
Loansduewithin1year+
Loansduewithin1
Liabilitiestocreditinstitutions year+Liabilitiesto
duewithin1year
creditinstitutions
duewithin1year
CRED
Creditors
Tradepayablesduewithin1
Tradepayablesdue
year
within1year
OCLI
OtherCurrent Paymentsreceivedonaccount Liabilitiesthereof
Liabilities
ofordersduewithin1year+ duewithin1year+
Liabilitiesonbillsacceptedand Accrualsand
drawnduewithin1year+
deferredincome
Liabilitiestoshareholdersdue
within1year+Payableto
affiliatedenterprisesduewithin
1year+Payabletoenterprises
inwhichparticipationsareheld
duewithin1year+Other
Liabilitiesduewithin1year+
Accrualsanddeferredincome
TSHF SHFD+NCLI+CULI Total
Totalliabilitiesandshareholder Totalliabilitiesand
Shareholders fundsUnpaidcontributionson shareholderfunds
Fundsand
subscribedcapitalDeficitnot Unpaid
Liabilities
coveredbyequitycapital
contributionson
subscribedcapital
Deficitnotcovered
byequitycapital
WKCA STOK+DEBTCRED WorkingCapital Stocks+Receivablesandother Stocks+
assetsTradepayablesdue
Receivablesand
within1year
otherassets
Tradepayablesdue
within1year
NCUACUASCULI
Netcurrent
calculated
calculated
assets
ENVA Market
Enterprise
calculated
calculated
Cap+LTDB+LOAN Value
452
Datadetails
CASH
EMPL
Numberof
Employees
15.8.2.13.2
Profit&Lossaccount
BvD
Code
Formula
AmadeusLabelGKVGermanformat
UKV
German
format
OPRE
Operating
Revenue/
Turnover
Sales(TC)+Increaseor Sales+
decreaseinfinished
Other
goodsinventoriesand
operating
workinprocess(TC)+ income
Ownworkcapitalized
(CoGS)
(TC)+Otheroperating
income(TC)
Turnover
Turnover
TURN
Sales
COST
CostofGoodsSold NA
Costofsales
GROSOPRECOST
GrossProfit
NA
OOPE
OtherOperating
Expenses
NA
OPPL GROSOOPE
OperatingProfit
(Loss)
Operatingresults(TC)
Grossprofit
onsales
Grossprofit
onsales
Operating
results
Operating
results
FIRE
FinancialRevenue Incomefrom
Incomefrom
participations+Income participations
fromotherinvestments +Income
andlongtermloans+
fromother
Incomefromprofits
investments
receivedbasedonprofit andlong
andlosstransfer
termloans+
agreements(mother)+ Incomefrom
Otherinterestandsimilarprofits
income+Patricipation received
result,notfurther
basedon
defined+Interestresult, profitand
notfurtherdefined
losstransfer
agreements
(mother)+
Other
interestand
similar
income+
Patricipation
result,not
further
defined+
Interest
result,not
further
defined
453
OrbisUserGuide
FIEX
FinancialExpensesExpensefromloss
transfersbasedonprofit
andlosstransfer
agreements(mother)+
Amortizationoffinancial
assetsandinvestments
classifiedascurrent
assets+Interestand
similarexpenses
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
Expense
fromloss
transfers
basedon
profitand
losstransfer
agreements
(mother)+
Amortization
offinancial
assetsand
investments
classifiedas
current
assets+
Interestand
similar
expenses
FinancialProfit/ Financialand
Financialand
Loss
participationresult
participation
result
Profit(Loss)
Resultsfromordinary
Resultsfrom
beforeTaxation
activities
ordinary
activities
Taxation
Taxesonincome+OtherTaxeson
taxes
income+
Othertaxes
Profit(Loss)after Resultsfromordinary
Resultsfrom
Taxation
activitiesTaxeson
ordinary
incomeOthertaxes
activities
Taxeson
income
Othertaxes
Extraordinaryand Extraordinaryincome+ Extraordinary
otherRevenue
Losstransfer
income+
Losstransfer
Extraordinaryand Extraordinaryexpense+ Extraordinary
otherExpenses
Profittransfer
expense+
Profit
transfer
Extraordinaryand Extraordinaryresult+
Extraordinary
otherProfit(Loss) LosstransferProfit
result+Loss
transfer
transfer
Profit
transfer
Profit(Loss)for
Profit/lossfortheperiod Profit/lossfor
Period
Minorityinterest
theperiod
Minority
interest
EXPT
Exportturnover
NA
NA
MATE
MaterialCosts
Materialcosts(TC)
material
costs
including
purchased
servicesand
454
Datadetails
purchased
merchandise
(accordingto
TCfor
information)
CostofEmployees Personnelexpenses(TC) Personnel
costs
(accordingto
TCfor
information)
Depreciation
Depreciation(TC)
depreciation
(accordingto
TCfor
information)
InterestPaid
Interestandsimilar
Interestand
expenses
similar
expenses
R&Dexpenses
NA
Researchand
development
costs
STAF
DEPR
INTE
RD
CF
PL+DEPR
AV
EBIT OPPL
CashFlow
EBIT(Earnings
BeforeInterest
andTaxes)
Profit/lossfortheperiod Profit/lossfor
+Depreciation(TC)
theperiod+
depreciation
(accordingto
TCfor
information)
+
depreciation
affiliated
enterprises
(accordingto
TCfor
information)
Taxesonincome+OtherTaxeson
taxes+Profit/lossfortheincome+
period+Personnel
Othertaxes
expenses(TC)+
+Profit/loss
Depreciation(TC)+
forthe
Interestandsimilar
period+
expenses
Personnel
costs
(accordingto
TCfor
information)
+
depreciation
(accordingto
TCfor
information)
+Interest
andsimilar
expenses
Operatingresults(TC)
Operating
results
(CoGS)
455
OrbisUserGuide
EBTA EBIT+DEPR
15.8.2.14
15.8.2.14.1
BvD
Code
FIAS
EBITDA(Earnings Operatingresults(TC)+ Operating

BeforeInterest, Depreciation(TC)
results
Taxes,
(CoGS)+
Depreciationand
depreciation
Amortization)
CorrespondencetableforGreekcompanies
Balancesheet
Formula
IFAS+TFAS+OFAS
AmadeusLabel
FixedAssets
Greekformat
Fixedassets+Establishment
expenses(netvalue)
Establishmentexpenses(net
value)
Tangibleassets
ParticipationandOtherLong
termReceivables
Currentassets+TransitDebit
Balances
Stocks
Receivables
Cash+TransitDebitBalances
Cash
TotalFixedAssets
IFAS
TFAS
OFAS
CUAS STOK+DEBT+OCAS
TangibleFixedAssets
CurrentAssets
STOK
DEBT
OCAS
CASH
TOAS FIAS+CUAS
Stocks
Debtors
OtherCurrentAssets
TotalAssets
SHFD CAPI+OSFD
CAPI
OSFD
ShareholdersFunds
Owner'sequity
Capital
Capital(Share)
OtherShareholdersFunds(incl. Reserves+Revaluation
Reserves)
Reserves(InvestmentGrants
andSubsidies)+ResultCarried
Forward
Longtermliabilities+
ProvisionsforContingencies
andExpenses
LongTermDebt
Longtermliabilities
OthernonCurrentLiabilities
(incl.Provisions)
andExpenses
*Provisions
andExpenses
CurrentLiabilities
Shorttermliabilities+Accrued
Expenses
Loans
Bank(ShortTermObligations)
+CurrentInstalmentsofLong
termObligations
Creditors
Suppliers+Outstanding
Cheques(Postdated)+Sundry
Creditors
TaxandDutiesPayable+
InsuranceandPensionFund
Dues+DividendsPayable+
AccruedExpenses
TotalShareholdersFundsand TotalOwnersEquityand
Liabilities
Liabilities
NCLI
LTDB+ONCL
LTDB
ONCL
PROV
CULI
LOAN+CRED+OCLI
LOAN
CRED
OCLI
TSHF SHFD+NCLI+CULI
456
Datadetails
WKCA STOK+DEBTCRED
NCUA CUASCULI
ENVA Market
Cap+LTDB+LOAN
CASH
WorkingCapital
Netcurrentassets
EnterpriseValue
Calculated
Calculated
Calculated
EMPL
NumberofEmployees
Numberofemployees
15.8.2.14.2
BvD
Code
Profit&Lossaccount
Formula
OPRE
TURN
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL
FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
AmadeusLabel
Greekformat
OperatingRevenue/ TotalNetSales+OtherOperating
Turnover
Income
Sales
TotalNetSales
CostofGoodsSold TotalCostofNetSales
GrossProfit
TotalGrossTradingResultsAccount
+OtherOperatingIncome
OtherOperating
AdministrativeExpenses+Selling
Expenses
Expenses
OperatingProfit
OperatingResultsBeforeFinancial
(Loss)
Transactions
FinancialRevenue
IncomefromParticipations+
InterestandRelatedIncome
FinancialExpenses InterestChargesandRelated
Expenses
FinancialProfit/Loss IncomefromParticipations+
InterestandRelatedIncome
InterestChargesandRelated
Expenses
Profit(Loss)before TotalNetOperatingIncomeBefore
Taxation
ExtraordinaryItemsandTaxes
Taxation
ApplicableIncomeTaxfortheYear
+OtherTaxesPriorPeriodTax
AuditAdjustments
Profit(Loss)after
TotalNetOperatingIncomeBefore
Taxation
OtherTaxes+PriorPeriodTax
AuditAdjustments
Extraordinaryand
ExtraordinaryIncome+
otherRevenue
ExtraordinaryProfits+PriorPeriod
Income+IncomefromUnused
PriorPeriodProvision
Extraordinaryand
ExtraordinaryandNonoperating
otherExpenses
Expenses+ExtraordinaryLosses+
PriorPeriodExpenses+Provisions
forExtraordinaryContingencies
Extraordinaryand
ExtraordinaryItems
otherProfit(Loss)
Profit(Loss)for
TotalNetOperatingIncomeBefore
Period
OtherTaxes+PriorPeriodTax
AuditAdjustments+Extraordinary
Items
457
OrbisUserGuide
EXPT
MATE
STAF
DEPR
INTE
Exportturnover
MaterialCosts
CostofEmployees
Depreciation
InterestPaid
RD
R&Dexpenses
CF
PL+DEPR
CashFlow
AV
EBIT OPPL
EBIT(Earnings
BeforeInterestand
Taxes)
EBTA EBIT+DEPR
EBITDA(Earnings
BeforeInterest,
Taxes,Depreciation
andAmortization)
n.a.
n.a.
TotalDepreciationRecorded
InterestChargesandRelated
Expenses
n.a.
Calculated
Calculated
Calculated
Calculated
15.8.2.15
CorrespondencetableforHungariancompanies
15.8.2.15.1
Balancesheet
BvD
Code
Formula
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
CUAS STOK+DEBT+OCAS
STOK
DEBT
OCAS
CASH
TOAS FIAS+CUAS
SHFD CAPI+OSFD
CAPI
OSFD
NCLI
LTDB
LTDB+ONCL
ONCL
PROV
CULI LOAN+CRED+OCLI
458
AmadeusLabel
Hungarianformat
FixedAssets
FIXEDASSETS
TangibleFixedAssets Tangibleassets
OtherFixedAssets
CalculatedasFIASIFASTFAS
Assets)
CurrentAssets
CURRENTASSETS+PREPAID
EXPENSESANDACCRUEDINCOME
Stocks
Inventories
Debtors
Tradeaccountsreceivable
OtherCurrentAssets CalculatedasCUASSTOKDEBT
*CashandCash
Liquidassets
Equivalent
TotalAssets
TotalAssets
ShareholdersFunds ShareholdersEquity
Capital
Capitalsubscribed
OtherShareholders
CalculatedasSHFDCAPI
NonCurrentLiabilities Longtermliabilities
LongTermDebt
Investmentanddevelopmentloans+
Otherlongtermloans+Longterm
credits
OthernonCurrent
CalculatedasNCLILTDB
Liabilities(incl.
Provisions)
*Provisions
n.a.
CurrentLiabilities
TOTALLIABILITIESAND
SHAREHOLDERSEQUITY
(Shareholder'sEquity+Longterm
Datadetails
LOAN
CRED
OCLI
TSHF
SHFD+NCLI+CULI
Loans
Creditors
OtherCurrent
Liabilities
TotalShareholders
FundsandLiabilities
liabilities)
Shorttermloans+Shorttermcredits
Tradeaccountspayable
CalculatedasCULILOANCRED
TOTALLIABILITIESAND
SHAREHOLDERSEQUITY
WKCA STOK+DEBTCRED
NCUA CUASCULI
ENVA Market
Cap+LTDB+LOAN
CASH
WorkingCapital
Netcurrentassets
EnterpriseValue
EMPL
15.8.2.15.2
BvD
Code
Calculated
Calculated
Calculated
Profit&Lossaccount
Formula
OPRE
AmadeusLabel
Hungarianformat
OperatingRevenue/Turnover
TURN
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL
PLBT
FIREFIEX
OPPL+FIPL
TAXA
PLAT
PLBTTAXA
EXRE
EXEX
EXTR
EXREEXEX
PL
PLAT+EXTR
Netsalesrevenues+
OtherRevenues
Sales
Netsalesrevenues
CostofGoodsSold
n.a.
GrossProfit
n.a.
n.a.
TradingProfit
FinancialRevenue
Revenuesfrom
financialtransactions
FinancialExpenses
Expendituresof
financialtransactions
FinancialProfit
ProfitfromOrdinary
Business
Taxation
Taxliability
CalculatedasPLBT
TAXA
ExtraordinaryandotherRevenueExtraordinaryrevenues
Extraordinary
Expenses
expenditures
ExtraordinaryandotherProfit
ProfitonExtraordinary
(Loss)
Events
AfterTaxProfit
EXPT
Exportturnover
MATE
MaterialCosts
STAF
DEPR
INTE
CostofEmployees
Depreciation
InterestPaid
RD
R&Dexpenses
Netexportsales
revenues
Costofrawmaterials
+Costofgoodssold
Paymentstopersonnel
Deprecationchange
Interestpaidand
interestrelated
expenses
n.a.
459
OrbisUserGuide
CF
AV
EBIT
EBTA
PL+DEPR
CashFlow
Calculated
Calculated
OPPL
EBIT(EarningsBeforeInterest Calculated
andTaxes)
EBIT+DEPR
Calculated
Interest,Taxes,Depreciationand
Amortization)
15.8.2.16
CorrespondencetableforIcelandiccompanies
15.8.2.16.1
BvD
Code
Balancesheet
Formula
AmadeusLabel
Icelandicformat
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
FixedAssets
Totalnoncurrentassets
OtherFixedAssets(incl.Financialassets
Totalcurrentassets
STOK
Stocks
Inventories
DEBT
Debtors
Tradeandotherreceivables
OCAS
OtherCurrentAssets
Tradereceivablestorelatedcompanies+
Securitiesansshortterminvestments+
Cashandcashequivalents+Othercurrent
assets
CASH
*CashandCash
Cashandcashequivalents
Equivalent
TOASFIAS+CUAS
TotalAssets
Totalassets
SHFDCAPI+OSFD
CAPI
OSFD
ShareholdersFunds
TotalEquity+Minorityinterest
Capital
ShareCapital
OtherShareholders
OtherEquity+MinorityInterest
NCLI LTDB+ONCL
NonCurrentLiabilities Totalobligations+Longtermdebts
LTDB
LongTermDebt
Longtermdebts
ONCL
OthernonCurrent
Totalobligations
Liabilities(incl.
Provisions)
PROV
*Provisions
n.a.
Totalcurrentdebts
LOAN
Loans
Loansoverdraft
CRED
Creditors
Accountpayable
OCLI
OtherCurrentLiabilities Tradepayablestorelatedcompanies+
Currentmaturities+Othershortterm
debt
Totaldebtsandequity
FundsandLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
460
Calculated
Calculated
Calculated
Datadetails
EMPL
NumberofEmployees
15.8.2.16.2
BvD
Code
Profit&Lossaccount
Formula
AmadeusLabel
OPRE
OPPL GROSOOPE
FIRE
FIREFIEX
OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
Icelandicformat
OperatingRevenue/
Totalrevenue
Turnover
Sales
RevenuefromMainoperation
CostofGoodsSold
CostofSales
GrossProfit
CalculatedasOPRECOST
OtherOperatingExpensesSalariesandRelatedExpenses
+OtherOperatingExpenses+
DepricationandAmortisation
Operatingprofit
FinancialRevenue
Financialincome+other
financialitems
FinancialExpenses
Financialexpenses
Netfinancialitems
Profit(Loss)before
Incomefromoperations
Taxation
beforetax
Taxation
Taxation
Profit(Loss)after
Profit/Lossaftertax
Taxation
expenses
Extraordinaryandother n.a.
Revenue
Extraordinaryandother n.a.
Expenses
Extraordinaryandother Extraordinaryincome
Profit(Loss)
expenses+Totalincomeloss
fromsubs/affiliates
Netprofit
TURN
COST
GROS OPRECOST
OOPE
FIEX
FIPL
PLBT
EmployeeCount
PLAT+EXTR
EXPT
MATE
STAF
DEPR
INTE
RD
Exportturnover
MaterialCosts
CostofEmployees
Depreciation
InterestPaid
R&Dexpenses
CF
AV
EBIT
PL+DEPR
CashFlow
OPPL
EBIT(EarningsBefore
InterestandTaxes)
EBTA EBIT+DEPR
Interest,Taxes,
Depreciationand
Amortization)
n.a.
n.a.
Salariesandrelatedexpenses
DepreciationandAmortisation
n.a.
n.a.
Calculated
Calculated
Calculated
Calculated
15.8.2.17
CorrespondencetableforItaliancompanies
15.8.2.17.1
Balancesheet
BvD
Formula
AmadeusLabel
Italianformat
461
OrbisUserGuide
Code
IFAS
IntangibleFixed
Assets
TFAS
TangibleFixedAssets
OFAS
OtherFixedAssets
Assets)
STOK
DEBT
OCAS
CASH
TOASFIAS+CUAS
SHFDCAPI+OSFD
Totalfixedassets
Totalintangiblefixedassets
Totaltangiblefixedassets
Totalfinancialfixedassets
Totalcurrentassets+Totalaccruedincome
andprepaidexpenses
Stocks
Totalinventories
Debtors
Tradeaccounts+Tradeaccounts(beyond
12months)
OtherCurrentAssets Totalfinancialassets+Totalliquidfunds+
Totalaccruedincomeandprepaidexpenses
+TotalreceivablesTradeaccountsTrade
accounts(beyond12months)
*CashandCash
Totalliquidfunds
Equivalent
TotalAssets
TotalassetsTotalreceivablesduefrom
shareholders
ShareholdersFunds
Totalshareholders'fundsTotalreceivables
duefromshareholders
CAPI
Capital
Capitalstock
OSFD
OtherShareholders
Totalshareholders'fundsTotalreceivables
Funds(incl.Reserves) duefromshareholdersCapitalstock
NCLI LTDB+ONCL
NonCurrentLiabilities Totalprovisionsforrisksandcharges+
Severanceindemnityreserve+Payables
duebeyond12months
LTDB
LongTermDebt
Bondsbeyond12months+Convertible
bondsbeyond12months+Duetobanks
beyond12months+Duetootherlenders
beyond12months
ONCL
OthernonCurrent
Totalprovisionsforrisksandcharges+
Liabilities(incl.
Severanceindemnityreserve+Payables
Provisions)
duebeyond12monthsBondsbeyond12
monthsConvertiblebondsbeyond12
monthsDuetobanksbeyond12months
Duetootherlendersbeyond12months
PROV
*Provisions
Totalprovisionsforrisksandcharges
Payablesduewithin12months+ Total
accrued expensesanddeferredincome
LOAN
Loans
Bonds+Convertiblebonds+Duetobanks
+Duetootherlenders
CRED
Creditors
Duetosuppliers
OCLI
OtherCurrent
Payablesduewithin12months+ Total
Liabilities
accrued expensesanddeferredincome
BondsConvertiblebondsDuetobanks
DuetootherlendersDuetosuppliers
TotalassetsTotalreceivablesduefrom
FundsandLiabilities shareholders
NCUACUASCULI
Netcurrentassets
462
calculated
calculated
Datadetails
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
EMPL
15.8.2.17.2
BvD
Code
calculated
Profit&Lossaccount
Formula
OPRE
AmadeusLabel
OperatingRevenue/
Turnover
Sales
TURN
Italianformat
Totalvalueofproduction
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
Revenuesfromsalesand
services
CostofGoodsSold
NA
GrossProfit
NA
OtherOperatingExpenses NA
Operatingmargin
FIRE
FinancialRevenue
FIEX
FIPL
FIREFIEX
PLBT
OPPL+FIPL
TAXA
PLAT
PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
Totalincomefromequity
investments+Totalother
financialincome+Total
Revaluations
FinancialExpenses
TotalFinancialCharges
ProfitandLossonForeign
Exchange+TotalWritedowns
Totalfinancialincomeand
charges+Totalfinancial
assetsadjustments
Profit(Loss)before
Profit/Lossbeforetaxation
Taxation
Totalextraordinaryrevenues
andcharges
Taxation
Totalcurrent,deferredand
prepaidincometaxes
Profit(Loss)afterTaxation Profit(Loss)Total
extraordinaryrevenuesand
charges
Extraordinaryandother Extraordinaryrevenues
Revenue
Extraordinaryandother Extraordinarycharges
Expenses
Extraordinaryandother Totalextraordinaryrevenues
Profit(Loss)
andcharges
Profit(Loss)
EXPT
MATE
Exportturnover
MaterialCosts
STAF
DEPR
CostofEmployees
Depreciation
INTE
RD
InterestPaid
R&Dexpenses
NA
Raw,consum.mat.andgoods
forresale+Variazione
materie
Totalpersonnelcosts
Totaldepreciation,
amortizationandwritedowns
TotalFinancialCharges
NA
463
OrbisUserGuide
CF
AV
EBIT
PL+DEPR
CashFlow
OPPL
EBIT(EarningsBefore
InterestandTaxes)
EBTA EBIT+DEPR
Interest,Taxes,
Depreciationand
Amortization)
calculated
calculated
calculated
calculated
15.8.2.18
CorrespondencetableforLatviancompanies
15.8.2.18.1
Balancesheet
BvD
Code
Formula
AmadeusLabel
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
FixedAssets
TangibleFixedAssets
STOK
Stocks
DEBT
Debtors
OCAS
OtherCurrentAssets
CASH
TOASFIAS+CUAS
*CashandCash
Equivalent
TotalAssets
SHFDCAPI+OSFD
ShareholdersFunds
CAPI
OSFD
Capital
OtherShareholders
NCLI LTDB+ONCL
LTDB
LongTermDebt
ONCL
OthernonCurrent
Liabilities(incl.
Provisions)
*Provisions
PROV
Latvianformat
TOTALLONGTERMASSETS
Intangibleassets
Fixedassets
Investmentproperties+Biologicalassets
+Longtermfinancialinvestment
TOTALCURRENTASSETS
Inventory
Accountsreceivable
Debtors+Longterminvestmentheldfor
sale+Securitiesandcapitalparticipation
+Cash
Cash
BALANCE
TOTALEQUITY(includingminority
interests)
Stockequity
Sharepremiumaccount+Longterm
assetrevaluationreserve+Reserves+
Financialinstrumentrevaluationreserve
+Retainedearnings+Minorityinterests
Longtermliabilities+TOTAL
PROVISIONSFORLIABILITIESAND
CHARGES
Debentureloans+Convertibleloans+
Creditinstitutions+Otherloans
Othernoncurrentliab+Provisions
TOTALPROVISIONSFORLIABILITIES
ANDCHARGES
Shorttermliabilities
LOAN
Loans
Debentureloans+Convertibleloans+
Creditinstitutions+Otherloans
CRED
Creditors
Accountspayable
OCLI
OtherCurrentLiabilities Othershorttermliabilities(inc.differred
taxes,dividends,etc.)
TSHF SHFD+NCLI+CULI TotalShareholdersFundsBALANCE
andLiabilities
464
Datadetails

NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
Calculated
Calculated
Calculated
EMPL
NumberofEmployees
NumberofEmployees
15.8.2.18.2
Profit&Lossaccount
BvD
Code
Formula
Amadeus Latvianformat1Latvianformat2
Label
OPRE
Operating
Revenue/
Turnover
TURN
COST
Sales
Netturnover
CostofGoods Productioncosts
Sold
GrossProfit
CalculatedasOPRE n.a.
COST
Other
Distributioncosts+ n.a.
Operating
Administrativecosts
Expenses
+Otheroperating
costs
OperatingProfitCalculatedasGROS Netturnover+
(Loss)
OOPE
Variationinstocksof
finishedgoodsandin
workinprogress+
Workperformedfor
ownpurposesand
capitalised+Other
operatingincome
MaterialcostsStaff
costsWriteoffof
assetsOther
operatingcharges
Financial
Incomefrom
Incomefrom
Revenue
participating
participating
interests+Income interests+Income
fromothercapital fromothercapital
participation,
participation,
securitiesandloans securitiesandloans
formingpartofthe formingpartofthe
longtermassets+ longtermassets+
Otherinterests
Otherinterests
receivableand
receivableand
similarincome
similarincome
Financial
Writeoffsof
Writeoffsoffinancial
Expenses
financialfixed
fixedassets,
assets,securities
securitiesandcapital
andcapital
participationheldas
GROSOPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
Netturnover+
Otheroperating
income
Netturnover+
Variationinstocksof
finishedgoodsandin
workinprogress+
Workperformedfor
ownpurposesand
capitalised+Other
operatingincome
Netturnover
n.a.
465
OrbisUserGuide
participationheldas currentassets+
currentassets+
Interestpayableand
Interestpayableandsimilarcharges
similarcharges
FinancialProfit CalculatedasFIRE CalculatedasFIRE
/Loss
FIEX
FIEX
Profit(Loss)
Profitorlossbefore Profitorlossbefore
beforeTaxationextraordinaryitemsextraordinaryitems
andtaxes
andtaxes
Taxation
Taxonprofitforthe Taxonprofitforthe
financialyear+
financialyear+
DeferredincometaxDeferredincometax
+Othertaxes
+Othertaxes
Profit(Loss)
CalculatedasPLBTCalculatedasPLBT
afterTaxation TAXA
TAXA
Extraordinary Extraordinary
Extraordinaryincome
andother
income
Revenue
Extraordinary Extraordinary
Extraordinary
andother
charges
charges
Expenses
Extraordinary CalculatedasEXRE CalculatedasEXRE
andotherProfitEXEX
EXEX
(Loss)
Profit(Loss)forNetprofitorlossfor Netprofitorlossfor
Period
thefinancialyear
thefinancialyear
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
EXPT
MATE
Exportturnover n.a.
MaterialCosts n.a.
STAF
Costof
Employees
Depreciation
InterestPaid
DEPR
INTE
n.a.
Rawmaterialsand
consumables
Staffcosts
n.a.
n.a.
Writeoffofassets
InterestpayableandInterestpayableand
similarcharges
similarcharges
R&Dexpenses n.a.
n.a.
RD
CF
PL+DEPR
CashFlow
Calculated
AV
TAXA+PL+STAF+DEPR+INTE AddedValue Calculated
EBIT OPPL
EBIT(Earnings Calculated
BeforeInterest
andTaxes)
EBTA EBIT+DEPR
EBITDA
Calculated
(Earnings
BeforeInterest,
Taxes,
Depreciation
and
Amortization)
15.8.2.19
466
Calculated
CorrespondencetableforLithuaniancompanies
15.8.2.19.1
BvD
Code
Calculated
Calculated
Calculated
Balancesheet
Formula
AmadeusLabel
Lithuanianformat
Datadetails
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
FixedAssets
LONGTERMASSETS
OtherFixedAssets(incl.Financialassets+Othernoncurrent
FinancialFixedAssets) assets
SHORTTERMASSETS
STOK
Stocks
Stocks
DEBT
Debtors
Tradedebtors
OCAS
OtherCurrentAssets
Prepayments+Contractsinprogress+
Receivablesfromsubsidiariesand
associates+Otheramountsreceivable+
Othercurrentassets+Cashandcash
equivalents
CASH
*CashandCash
Equivalent
TOASFIAS+CUAS
TotalAssets
TOTALASSETS
SHFDCAPI+OSFD
CAPI
OSFD
ShareholdersFunds
Capital
OtherShareholders
EQUITY+GRANTS,SUBSIDIES
Capital
Revaluationreserve+Reserves+Profit
(loss)broughtforward+GRANTS,
SUBSIDIES
NCLI LTDB+ONCL
NonCurrentLiabilities Amountspayableafteroneyearandlong
termliabilities
LTDB
LongTermDebt
Financialdebts
ONCL
OthernonCurrent
Tradeamountspayable+Amounts
Liabilities(incl.
receivedinadvance+Provisions+
Provisions)
Deferredtaxliabilities+Otheramounts
payableandlongtermliabilities
PROV
*Provisions
n.a.
Amountspayablewithinoneyearand
shorttermliabilities
LOAN
Loans
Financialdebts
CRED
Creditors
Tradeamountspayable
OCLI
OtherCurrentLiabilities Shorttermportionoflongtermdebts+
Amountsreceivedinadvance+Profittax
liabilities +Liabilitiesrelatedwithlabour
relations+Provisions+Otheramounts
payableandshorttermliabilities
TOTALOWNER'SEQUITYANDLIABILITIES
FundsandLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
Calculated
Calculated
Calculated
EMPL
NumberofEmployees
15.8.2.19.2
BvD
Code
OPRE
NumberofEmployees
Profit&Lossaccount
Formula
AmadeusLabel
Lithuanianformat
OperatingRevenue/Turnover Salesincome+Other
467
OrbisUserGuide
TURN
COST
GROS OPRECOST
Sales
CostofGoodsSold
GrossProfit
OOPE
OPPL
GROSOOPE
FIRE
FinancialRevenue
FIEX
FinancialExpenses
FIPL
FIREFIEX
PLBT
OPPL+FIPL
TAXA
PLAT
PLBTTAXA
Taxation
EXRE
Revenue
Expenses
(Loss)
EXEX
EXTR
EXREEXEX
PL
PLAT+EXTR
EXPT
MATE
STAF
DEPR
INTE
RD
CF
AV
EBIT
EBTA
Exportturnover
MaterialCosts
CostofEmployees
Depreciation
InterestPaid
R&Dexpenses
Calculated
Calculated
Calculated
Calculated
Balancesheet
Formula
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
468
CalculatedasEXRE
EXEX
Netprofit(loss)
CorrespondencetableforMaltesecompanies
15.8.2.20.1
BvD
Code
Extraordinarylosses
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
PL+DEPR
CashFlow
OPPL
EBIT(EarningsBeforeInterest
andTaxes)
EBIT+DEPR
andAmortization)
15.8.2.20
operatingrevenue
Salesincome
Costofsales
Grossprofit(loss)+
Otheroperatingrevenue
Operatingexpenses+
Otheroperating
expenses
Operatingprofit(loss)+
Otheroperations
Revenuefromfinancial
andinvestingactivities
Expensesoffinancial
andinvestingactivities
Financialandinvesting
activities
Profit(loss)from
ordinaryactivities
Profittax
CalculatedasPLBT
TAXA
Extraordinarygain
AmadeusLabel
FixedAssets
TangibleFixedAssets
Malteseformat
TotalFixedAssets
IntangibleAssets
TangibleAssets
FinancialAssets
Datadetails
CASH
TOASFIAS+CUAS
TotalCurrentAssets+DeferredTax
Assets
Stocks
Inventory
Debtors
ReceivablesandDebtors
OtherCurrentAssets
Claimstowardsassociatedcompanies
+ShorttermInvestments+Cash+
DeferredTaxAssets+OtherCurrent
Assets
*CashandCashEquivalent Cash
TotalAssets
TotalAssets
SHFDCAPI+OSFD
ShareholdersFunds
STOK
DEBT
OCAS
TotalEquity+MinorityHoldingsin
Equity
CAPI
Capital
IssuedShareCapital
OSFD
OtherShareholdersFunds Profit&LossAccount+OtherEquity+
(incl.Reserves)
MinorityHoldingsinEquity
NCLI LTDB+ONCL
PensionFundsLiabilities+Tax
Liabilities+OtherLiabilities+Long
TermDebts
LTDB
LongTermDebt
LongTermDebts
ONCL
OthernonCurrentLiabilities PensionFundsLiabilities+Tax
(incl.Provisions)
Liabilities+OtherLiabilities
PROV
*Provisions
n.a.
TotalShortTermDebt
LOAN
Loans
LoansOverdraft
CRED
Creditors
Creditors
OCLI
Debtstowardsassociatedcompanies
+NextyearPayment+OtherShort
TermDebt
TSHF SHFD+NCLI+CULI TotalShareholdersFunds TotalDebtsandEquity
andLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
Calculated
Calculated
Calculated
EMPL
NumberofEmployees
15.8.2.20.2
BvD
Code
NumberofEmployees
Profit&Lossaccount
Formula
OPRE
TURN
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
AmadeusLabel
Malteseformat
OperatingRevenue/
TotalRevenue
Turnover
Sales
RevenuefromMainOperations
CostofGoodsSold
CostofSales
GrossProfit
TotalRevenueCostofSales
OtherOperatingExpenses Staffcost+Administrative&
otherexpenses+Distribution
cost+Depricationoffixed
assets
OperatingProfit
469
OrbisUserGuide
FIRE
FIEX
FIPL
PLBT
FinancialRevenue
FinancialExpenses
Profit(Loss)before
Taxation
Taxation
Profit(Loss)after
Taxation
Revenue
Expenses
Extraordinaryandother ExtraordinaryIncome/Cost+
Profit(Loss)
IncomefromAssociated
Companies
NetProfit
FIREFIEX
OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
FinancialIncome+Other
FinancialItems
FinancialCost
NetFinancialItems
IncomefromOperations
beforeTax
Taxes
IncomefromOperationsafter
Tax
PLAT+EXTR
EXPT
MATE
STAF
DEPR
INTE
RD
Exportturnover
MaterialCosts
CostofEmployees
Depreciation
InterestPaid
R&Dexpenses
CF
AV
EBIT
n.a.
n.a.
StaffCost
Depricationoffixedassets
n.a.
n.a.
PL+DEPR
CashFlow
OPPL
EBIT(EarningsBefore
InterestandTaxes)
EBTA EBIT+DEPR
Interest,Taxes,
Depreciationand
Amortization)
Calculated
Calculated
Calculated
Calculated
15.8.2.21
CorrespondencetableforNorwegiancompanies
15.8.2.21.1
Balancesheet
BvD
Code
Formula
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
AmadeusLabel
Norwegianformat
FixedAssets
Totalfixedassets
IntangibleFixedAssets Totalintangibleassets
TangibleFixedAssets Totalfixedassets
OtherFixedAssets
Totalfinancialcapitalassets+Other
Capitalassets
Assets)
Totalcurrentassets
STOK
Stocks
Grossinventory
DEBT
Debtors
Receivabletrade
OCAS
OtherCurrentAssets TotalreceivableTradereceivables+Total
investments+Cash/Cashinbank,postal
giro+Othercurrentassets
CASH
*CashandCash
Cash/cashinbank,postalgiro
Equivalent
TOASFIAS+CUAS
TotalAssets
Totalassets
470
Datadetails
SHFDCAPI+OSFD
ShareholdersFunds
Totalequitycapital+Totalpurposed
controlledobligations
CAPI
Capital
Totalpaidincapital
OSFD
OtherShareholders
Totalearnedequitycapital+Total
Funds(incl.Reserves) purposedcontrolledobligations
NCLI LTDB+ONCL
NonCurrentLiabilities Totallongtermliabilities
LTDB
LongTermDebt
Debttofinancialinstitutions(longterm)
ONCL
OthernonCurrent
Convertibleloans+Bondloans+
Liabilities(incl.
Subordinatedloancapital+Liabilities
Provisions)
consolidatedcompanies(longterm)+
Otherlongtermliabilities
PROV
*Provisions
n.a.
Totalshorttermliabilities
LOAN
Loans
Debttofinancialinstitutions(shortterm)
CRED
Creditors
Debttosuppliers
OCLI
OtherCurrentLiabilities Certificatedloans+Taxpayable+Accrued
VAT,taxeswithheld,naturalinsurance
premiumsetc+Dividends+Liabilities
consolidatedcompanies(Shortterm)+
Othershorttermliabilities
TotalEquityandLiabilities
FundsandLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
EMPL
15.8.2.21.2
BvD
Code
OPRE
TURN
COST
GROS
OOPE
OPPL
FIRE
FIEX
FIPL
PLBT
Profit&Lossaccount
Formula
OPRECOST
GROSOOPE
FIREFIEX
OPPL+FIPL
TAXA
PLAT
EXRE
EXEX
Calculated
Calculated
Calculated
AmadeusLabel
Sales
CostofGoodsSold
GrossProfit
FinancialRevenue
FinancialExpenses
Taxation
PLBTTAXA
Revenue
Norwegianformat
Totaloperatingincomes
Grossincome
n.a.
n.a.
n.a.
Operatingincome
Totalfinanceincomes
Totalfinanceexpenses
Financialincome
Profit/Lossfortheyear
beforetaxes
Taxonprofit/loss+Tax
onextraordinary
profit/loss
Nettoresultfortheyear
Extraordinaryincome
Extraordinarycosts
471
OrbisUserGuide
EXTR
EXREEXEX
PL
PLAT+EXTR
Expenses
ExtraordinaryandotherProfit Totalextraordinary
(Loss)
items
Profit/lossfortheyear
aftertaxes
EXPT
MATE
STAF
DEPR
Exportturnover
MaterialCosts
CostofEmployees
Depreciation
INTE
RD
InterestPaid
R&Dexpenses
CF
AV
EBIT
EBTA
PL+DEPR
CashFlow
OPPL
EBIT(EarningsBeforeInterest
andTaxes)
EBIT+DEPR
andAmortization)
15.8.2.22
Calculated
Balancesheet
Formula
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
AmadeusLabel
FixedAssets
TangibleFixedAssets
STOK
Stocks
DEBT
Debtors
OCAS
OtherCurrentAssets
CASH
TOASFIAS+CUAS
*CashandCash
Equivalent
TotalAssets
SHFDCAPI+OSFD
CAPI
OSFD
ShareholdersFunds
Capital
(incl.Reserves)
NCLI LTDB+ONCL
LTDB
LongTermDebt
472
Calculated
Calculated
Calculated
CorrespondencetableforPolishcompanies
15.8.2.22.1
BvD
Code
n.a.
Costofgoodssold
Payrollcosts
Depreciation+write
downs
Otherinterestcharge
n.a.
Polishformat
Fixedassets
Intangibleassets
Fixedtangibleassets
Longtermdebtors+Longterm
investments+Longtermprepayments
andaccruals
Currentassets
Stocks
Currentliabilitiesofdebtors
Shortterminvestments+Shortterm
prepaymentsandaccruals
Cashmeansandothercashassets
Totalassets
Equity(fund)
StatedCapital(fund)
Duestatedcapital+Entity'sown
shares+Supplementarycapital+
Revaluationcapital+Otherreserve
capitals+Profits(losses)fromprevious
years+Netprofit(losses)forthe
financialyear+Distributionofnet
profitforthefinancialyear
Longtermcreditors+Reservesfor
creditors
Longtermcreditors/Other
Datadetails
entities/creditsandloans+debt
securities
ONCL
OthernonCurrent
Longtermcreditors/relatedentities+
Liabilities(incl.Provisions) Longtermcreditors/Other
Entities/Othercreditors+Longterm
creditors/OtherEntities/Other+
Provisionsforcreditors
PROV
*Provisions
Provisionsforcreditors(B1)
Shorttermcreditors+Accrualsand
deferredincome
LOAN
Loans
Shorttermcreditors/Other
entities/creditsandloans+debt
securities
CRED
Creditors
Shorttermcreditors/Related
entities/Tradecreditswithmaturity
periodof uptoandover12month+
Shorttermcreditors/Other
entities/Tradecreditswithmaturity
periodofuptoandover12month
OCLI
Shorttermcreditors/Related
entities/Other+Shortterm
creditors/Otherentities/Otherliabilities
+Prepaymentsfordeliveries+billsof
exchangepayable+Taxes,customs
duties,insuranceandotherbenefits
payable+Remuneration+Other+
Shorttermcreditors/Specialfunds+
Accrualsanddeferredincome
TSHF SHFD+NCLI+CULI TotalShareholdersFunds Totalliabilites
andLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
Calculated
Calculated
Calculated
EMPL
NumberofEmployees
NumberofEmployees
15.8.2.22.2
Profit&Lossaccount
BvD
Code
Formula
Amadeus
Label
OPRE
Operating
Revenue/
Turnover
TURN
Sales
COST
CostofGoods
Sold
GrossProfit
GROS OPRECOST
Polishformat Polishformat2
1
Netrevenueon
salesandsales
equivalents+
Otheroperating
revenue
Netrevenueon
salesandsales
equivalents
n.a.
Netrevenueonsales
andsalesequivalents
+Otheroperating
revenue
n.a.
Netrevenueonsales
andsalesequivalents
+Otheroperating
Netrevenueonsales
andsalesequivalents
Costofgoodssold
473
OrbisUserGuide
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
revenueCostof
goodssold
OtherOperating n.a.
Netrevenueonsales
Expenses
andsalesequivalents
+Otheroperating
revenueCostof
goodssold
Operatingprofit
(loss)
OperatingProfit Profit/Losson
Profit/Losson
(Loss)
businessactivity businessactivity
FinancialRevenueFinancialrevenue Financialrevenue
Financial
Financial
Financialexpenses
Expenses
expenses
FinancialProfit/ Calculatedas
CalculatedasFIRE
Loss
FIREFIEX
FIEX
Profit(Loss)
CalulatedasOPPLCalulatedasOPPL+
beforeTaxation +FIPL
FIPL
Taxation
Taxation
Taxation
Profit(Loss)after Calculatedas
CalculatedasPLBT
Taxation
PLBTTAXA
TAXA
ExtraordinaryandExtraordinary
Extraordinary
otherRevenue
revenue
revenue
ExtraordinaryandExtraordinary
Extraordinary
otherExpenses expenses
expenses
ExtraordinaryandCalculatedas
CalculatedasEXRE
otherProfit(Loss)EXREEXEX
EXEX
Profit(Loss)for Calculatedas
CalculatedasPLAT+
Period
PLAT+EXTR
EXTR
EXPT
MATE
Exportturnover
MaterialCosts
STAF
Costof
Employees
Depreciation
InterestPaid
R&Dexpenses
DEPR
INTE
RD
n.a.
n.a.
Consumptionof n.a.
materialsand
energy+Valueof
goodsand
materialssold
Salaries
n.a.
Depreciation
Interestpaid
n.a.
CF
PL+DEPR
CashFlow
Calculated
AV
Calculated
EBIT OPPL
EBIT(Earnings Calculated
BeforeInterest
andTaxes)
EBTA EBIT+DEPR
EBITDA(EarningsCalculated
BeforeInterest,
Taxes,
Depreciationand
Amortization)
15.8.2.23
474
CorrespondencetableforPortuguesecompanies
n.a.
Interestpaid
n.a.
Calculated
Calculated
Calculated
Calculated
Datadetails
15.8.2.23.1
BvD
Code
Balancesheet
Formula
AmadeusLabel
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
FixedAssets
TangibleFixedAssets
STOK
DEBT
OCAS
Stocks
Debtors
OtherCurrentAssets
CASH
*CashandCash
Equivalent
TotalAssets
TOASFIAS+CUAS
SHFDCAPI+OSFD
CAPI
OSFD
ShareholdersFunds
Capital
(incl.Reserves)
NCLI LTDB+ONCL
LTDB
ONCL
Portugueseformat
Fixedandothernoncurrentassets
Tangiblefixedassets
Startupexpenses
CurrentAssets+Prepaymentsand
accruedincome
Stocks
Debtors
Shorttermfinancialinvestments+
Cashatbankandinhand+
Prepaymentsandaccruedincome
Cashatbankandinhand
Totalassets
Shareholders'funds+Minorityinterests
Subscribedcapitalstock
Ownshares+Additionalpaidincapital
+IssuePremium+Capitalreserveon
consolidation+Netequityadjustments
ingroupandassociatedcompanies+
Revaluationreserves+Reserves+Past
year&rsquosresults+Netprofit(loss)
oftheyear+Minorityinterests
Longtermdebt+Provisionforrisks
andexpenses
Longtermdebt
Provisionforrisksandexpenses
LongTermDebt
OthernonCurrent
Liabilities(incl.Provisions)
PROV
*Provisions
Provisionforrisksandexpenses
Shorttermliabilities +Accrualsand
deferredincome
LOAN
Loans
Bondborrowing+Participatingbond
borrowing+Debitstocreditinstitutions
+Otherborrowing
CRED
Creditors
Suppliers
OCLI
Advancesfromcustomers+
Shareholders(quotaholders)+
Advancesfromcustomers+Suppliers
offixedassetscurrentaccount+
Stateandotherpublicentities+Other
creditors+Accrualsanddeferred
income
TSHF SHFD+NCLI+CULI TotalShareholdersFunds TotalLiabilitiesandShareholders'funds
andLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
Calculated
Calculated
Calculated
475
OrbisUserGuide
EMPL
NumberofEmployees
15.8.2.23.2
BvD
Code
Numberofemployees
Profit&Lossaccount
Formula
OPRE
AmadeusLabel
Portugueseformat
OperatingRevenue/
Turnover
Sales
CostofGoodsSold
GrossProfit
FinancialRevenue
FinancialExpenses
Operatingrevenues
EXPT
MATE
Exportturnover
MaterialCosts
STAF
DEPR
INTE
CostofEmployees
Depreciation
InterestPaid
RD
R&Dexpenses
n.a.
Ctsgoodssold+
mat.consumed
Personnelexpenses
Depreciation
Interestexpensesand
similarcosts
n.a.
TURN
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL
PLBT
FIREFIEX
OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
Netsales+Services
n.a.
n.a.
n.a.
Operatingincome(loss)
Financialrevenues
Financialandsimilar
expenses
Financialincome(loss)
Profit(Loss)beforeTaxation Income(loss)fromordinary
activities
Taxation
Corporateincometax
Profit(Loss)afterTaxation CalculatedasPLBTTAXA
Extraordinaryincome
Revenue
Extraordinaryexpenses
Expenses
Extraordinaryincome
Profit(Loss)
(loss)
Income(loss)fortheyear
+Income(loss)ofminority
interests
CF
AV
EBIT
PL+DEPR
CashFlow
Calculated
Calculated
OPPL
EBIT(EarningsBefore
Calculated
InterestandTaxes)
EBTA EBIT+DEPR
Calculated
andAmortization)
15.8.2.24
CorrespondencetableforRomaniancompanies
15.8.2.24.1
BvD
Code
476
Balancesheet
Formula
AmadeusLabel
Romanianformat
Datadetails
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
FixedAssets
TangibleFixedAssets
STOK
Stocks
DEBT
Debtors
OCAS
OtherCurrentAssets
CASH
TOASFIAS+CUAS
SHFDCAPI+OSFD
CAPI
OSFD
NCLI LTDB+ONCL
Fixedassetstotal
Tangiblefixedassets
Financialassets
Prepaidexpenses
Stock
Debtors
Shortterminvestments+Cashand
banks+Prepaidexpenses
*CashandCashEquivalent Cashandbanks
TotalAssets
FixedassetsTotal+Currentassets
total+prepaidexpenses
ShareholdersFunds
Capital
(incl.Reserves)
Capitalstotal
Capital
CapitalstotalCapital
Liabilities(Accountstobepaidina
timeperiodoveroneyear)+
Provisions+Inadvance/Prepaid
income
LTDB
LongTermDebt
NA
ONCL
OthernonCurrentLiabilitiesNA
(incl.Provisions)
PROV
*Provisions
NA
Liabilities(Accountstobepaidina
timeperiodintilayear)
LOAN
Loans
NA
CRED
Creditors
NA
OCLI
NA
TSHF SHFD+NCLI+CULI TotalShareholdersFunds Capital+Liabilities(Accountstobe
andLiabilities
paidinatimeperiodoveroneyear)+
Provisions+Inadvance/Prepaid
income
+Debt(Accountstobepaidinatime
perioduntilayear)
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
calculated
calculated
calculated
EMPL
Numberofemployees
15.8.2.24.2
BvD
Code
OPRE
TURN
COST
NumberofEmployees
Profit&Lossaccount
Formula
AmadeusLabel
OperatingRevenue/
Turnover
Sales
CostofGoodsSold
Italianformat
Operatingincometotal
Netturnover
NA
477
OrbisUserGuide
GROS OPRECOST
OOPE
GrossProfit
OtherOperating
Expenses
NA
NA
FinancialRevenue
FinancialExpenses
Profit(Loss)before
Taxation
Taxation
Financialincometotal
Financialexpensestotal
Financialprofitorloss
Currentprofitorloss
EXPT
MATE
Exportturnover
MaterialCosts
STAF
DEPR
CostofEmployees
Depreciation
INTE
RD
InterestPaid
R&Dexpenses
NA
Rawmaterialsand
consumables+Inventory
changes+Costofgoodssold
Personnelexpenses
Adjustmentsoftangibleand
intangiblefixedassets+
Adjustmentsrelatedtocurrent
assets
Interestsexpenses
NA
OPPL GROSOOPE
FIRE
FIEX
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
CF
AV
EBIT
Operatingprofitorloss
Profittax+Incometaxand
othertaxesnotincludedabove
Profit(Loss)after
(Currentfinancialprofitorloss
Taxation
LossProfittaxIncome
taxandothertaxesnot
includedabove
Extraordinaryandother Incomefromsubsidiesfor
Revenue
extraordinaryeventsandthe
like
Extraordinaryandother Expensesrelatedtonatural
Expenses
disastersandother
extraordinaryevents
Extraordinaryandother Extraordinaryactivityprofitor
Profit(Loss)
loss
Netprofitorloss
PL+DEPR
CashFlow
OPPL
EBIT(EarningsBefore
InterestandTaxes)
EBTA EBIT+DEPR
Interest,Taxes,
Depreciationand
Amortization)
calculated
calculated
calculated
calculated
Note:OurdatabaseresultsfromtheofficialfiguresregisteredattheMinistryofFinance.
ThedataisprovidedbyCCIRwhoformatseachdatadeliverytoBvDbymappingthedetailed
accountstotheBvDformat.Unfortunately,becausetheRomanianformathaschangedmany
timesinthepast,onlythelatestmappingisavailable.Wearethereforenotinapositionto
verifymappingsorfiguresforyearspriorto2007.
15.8.2.25
478
CorrespondencetableforRussiancompanies
Datadetails
15.8.2.25.1
BvD
Code
Balancesheet
Formula
Amadeus
Label
RussianformatType5
(since2006)
Russian
format
Type4
(2003
2005)
Noncurrentassets
Noncurrent
assets
IFAS
IntangibleFixed Intangibleassets
Intangible
Assets
assets
TFAS
TangibleFixed
Fixedassets+Unfinished
Fixedassets
Assets
construction
+Unfinished
construction
OFAS
OtherFixedAssetsIncomeinvestmentsinrealstocks Income
(incl.Financial
ofmaterials+Longterm
investments
FixedAssets)
investmentsofmoney+Deferred inrealstocks
taxassets+Othernoncurrent
ofmaterials
assets
+Longterm
investments
ofmoney+
Deferredtax
assets+
Othernon
current
assets
Currentassets
Current
assets
STOK
Stocks
Stocks
Stocks
DEBT
Debtors
Customersandclients(witha
Customers
maturityof12monthsafterthe
andclients
reportingdateandtobepaid
(witha
within12monthsfollowingthe
maturityof
reportingdate)
12months
afterthe
reporting
dateandto
bepaid
within12
months
followingthe
reporting
date)
OCAS
OtherCurrent
Valueaddedtaxforacquiredvalue Valueadded
Assets
+ OtherAccountsreceivablewith taxfor
amaturityof12monthsafterthe acquired
reportingdate+OtherAccounts value+
receivabletobepaidwithin12
Other
monthsfollowingthereporting
Accounts
date+Shortterminvestmentsof receivable
money+Money+Other
witha
circulatingassets
maturityof
12months
afterthe
reporting
date+Other
Accounts
receivableto
479
OrbisUserGuide
CASH
*CashandCash Money+Othercirculatingassets
Equivalent
TOASFIAS+CUAS
TotalAssets
Totalassets
SHFDCAPI+OSFD
Shareholders
Funds
Capital
Capitalandreserves
OSFD
Other
Shareholders
Funds(incl.
Reserves)
Addedcapital+Reservecapital+
Undistributedprofit(uncovered
damage)
NCLI LTDB+ONCL
NonCurrent
Liabilities
LongTermDebt
Longtermliabilities
CAPI
LTDB
ONCL
Authorizedcapital
Loansandcredits
OthernonCurrent Deferredtaxliabilities+Other
Liabilities(incl.
longtermliabilities
Provisions)
PROV
*Provisions
n.a.
CULI LOAN+CRED+OCLICurrentLiabilities Shorttermliabilities
LOAN
Loans
Debtandborrowing
CRED
Creditors
Suppliersandcontractors
OCLI
OtherCurrent
Liabilities
liabilitiesforpersonnelofthe
company+liabilitiesforstate
extrabudgetaryfunds+tax
liabilities+othercreditors+
Indebtednessintermsof
distributionofearningsto
shareholders+Incomesoffuture
periods+Reservesofforthcoming
costs+Othershorttermliabilities
480
bepaid
within12
months
followingthe
reporting
date+
Shortterm
investments
ofmoney+
Money+
Other
circulating
assets
Money+
Other
circulating
assets
Totalassets
Capitaland
reserves
Authorized
capital
Added
capital+
Reserve
capital+
Undistributed
profit
(uncovered
damage)
Longterm
liabilities
Loansand
credits
Deferredtax
liabilities+
Otherlong
term
liabilities
n.a.
Shortterm
liabilities
Debtand
borrowing
Suppliers
and
contractors
liabilitiesfor
personnelof
thecompany
+liabilities
forstate
extra
budgetary
funds+tax
liabilities+
Datadetails
TSHF SHFD+NCLI+CULI TotalShareholdersTotalshareholdersfundsand

Fundsand
liabilities
Liabilities
other
creditors+
Indebtedness
intermsof
distribution
ofearnings
to
shareholders
+Incomesof
future
periods+
Reservesof
forthcoming
costs+
Othershort
term
liabilities
Total
shareholders
fundsand
liabilities
WKCA STOK+DEBTCRED WorkingCapital Calculated

NCUACUASCULI
NetcurrentassetsCalculated
ENVA Market
EnterpriseValue Calculated
Cap+LTDB+LOAN
CASH
Calculated
Calculated
Calculated
EMPL
Numberof
employees
15.8.2.25.2
BvD
Code
Numberof
Employees
Profit&Lossaccount
Formula
OPRE
TURN
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
FIRE
Numberofemployees
AmadeusLabel
Russian
Russianformat
formatType Type4(2003
5(since
2005)
2006)
OperatingRevenueNetproceeds
Netproceeds(minus
/Turnover
(minusVAT,
VAT,excisesand
excisesand
similarobligatory
similarobligatorypayments)
payments)
Sales
n.a.
n.a.
CostofGoodsSoldCostofsold
Costofsoldgoods,
goods,
production,services
production,
services
GrossProfit
Calculatedas
CalculatedasOPRE
OPRECOST
COST
OtherOperating Commercial
Commercialcosts+
Expenses
costs+
Executiveexpenses
Executive
expenses
OperatingProfit
Calculatedas
CalculatedasGROS
(Loss)
GROSOOPE
OOPE
FinancialRevenue Interest
Interestreceivable+
receivable+
Incomefromshares
481
OrbisUserGuide
Incomefrom
inotherenterprises
sharesinother +Otheroperating
enterprises
incomes
FinancialExpenses Interestpayable Interestpayable+
Otheroperating
expenses
FinancialProfit/ Calculatedas
CalculatedasFIRE
Loss
FIREFIEX
FIEX
Profit(Loss)beforeCalculatedas
CalculatedasOPPL
Taxation
OPPL+FIPL
+FIPL
Taxation
Currentprofit
Currentprofittax+
tax+Deferred Deferredtax
taxliabilities liabilitiesDeferred
Deferredtax
taxassets
assets
Profit(Loss)after Calculatedas
CalculatedasPLBT
Taxation
PLBTTAXA
TAXA
Extraordinaryand Otherincomes Extraordinary
otherRevenue
income
Extraordinaryand Otherexpenses Extraordinary
otherExpenses
expenses
Extraordinaryand Calculatedas
CalculatedasEXRE
otherProfit(Loss) EXREEXEX
EXEX
Profit(Loss)for
Netprofit(loss) Netprofit(loss)of
Period
ofaccounting
accountingperiod
period
FIEX
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
EXPT
MATE
STAF
DEPR
INTE
RD
Exportturnover
MaterialCosts
CostofEmployees
Depreciation
InterestPaid
R&Dexpenses
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Interestpayable Interestpayable
n.a.
n.a.
CF
PL+DEPR
CashFlow
Calculated
AV
Calculated
EBIT OPPL
EBIT(Earnings
Calculated
BeforeInterestand
Taxes)
EBTA EBIT+DEPR
EBITDA(Earnings Calculated
BeforeInterest,
Taxes,
Depreciationand
Amortization)
15.8.2.26
CorrespondencetableforSerbiancompanies
15.8.2.26.1
Balancesheet
BvD
Code
Formula
AmadeusLabel
Calculated
Calculated
Calculated
Calculated
Serbianlabel

Permanentassets
IFAS
IntangibleFixed
Intangibleassets+Goodwill
Assets
TFAS
TangibleFixedAssets Immovables,Plants,Equipmentand
Biologicalresources
482
Datadetails
OFAS
OtherFixedAssets
Assets)
STOK
DEBT
OCAS
CASH
TOASFIAS+CUAS
Longtermfinancialinvestments+
Subscribedcapitalunpaid
Currentassets+Deferredtaxassets+Loss
aboveequity
Stocks
Inventories
Debtors
Receivables
OtherCurrentAssets Permanentassetsforsaleandassetsof
businessestobeceased+Receivablesfor
overpaidtaxesonprofit+Shortterm
financialinvestments+cash&cash
equivalent+VATandaccruedexpenses+
Deferredtaxes+Lossaboveequity
*CashandCash
CashandCashequivalents
Equivalent
TotalAssets
Totalassets
SHFDCAPI+OSFD
CAPI
OSFD
ShareholdersFunds Equity
Capital
Capital
OtherShareholders Subscribedcapital
Funds(incl.Reserves) unpaid+Reserves+Revaluation
reserves+unrealizedprofitfromsecurities
Unrealizedlossesfromsecurities+retained
earningsLossTreasuryshares
NCLI LTDB+ONCL
NonCurrentLiabilities Longtermliabilities+Longtermprovisions
LTDB
LongTermDebt
Longtermloans
ONCL
OthernonCurrent
Otherlongtermliabilities+Longterm
Liabilities(incl.
provisions
Provisions)
PROV
*Provisions
Longtermprovisions
Shorttermliabilities+Deferredtaxliabilities
LOAN
Loans
Shorttermfinancialliabilities
CRED
Creditors
Operatingliabilities
OCLI
OtherCurrent
Liabilitiesderivedfromassetsforsaleand
Liabilities
assetsofbusinessestobeceased+Other
shorttermliabilities+Liabilitiesderived
fromVATandotherpublicrevenuesand
deferredexpenses+Liabilitiesderivedfrom
taxonprofit+Deferredtaxliabilities
Totalliabilities
FundsandLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
EMPL
15.8.2.26.2
BvD
Code
OPRE
Calculated
Calculated
Calculated
Profit&Lossaccount
Formula
AmadeusLabel
Serbianlabel
OperatingRevenue/ Operatingincome
483
OrbisUserGuide
Turnover
TURN
Sales
COST
CostofGoodsSold NA
GROS OPRECOST
GrossProfit
NA
OOPE
OtherOperating
Expenses
OperatingProfit
(Loss)
NA
FIRE
FinancialRevenue
Financialincome
FIEX
FinancialExpenses Financialexpenses
OPPL GROSOOPE
FIPL
FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
PLAT+EXTR
Salesofgoods
OperatingprofitorOperatingloss
FinancialProfit/
Financialincomefinancialexpenses
Loss
Profit(Loss)before Operatingprofit+Financialprofit
Taxation
Taxation
Taxexpenseofaperiod+Deferred
taxexpenseofaperiod+Deferred
taxincomeofaperiod
Profit(Loss)after Operatingprofit+(Financialincome
Taxation
financialexpenses)(Taxexpense
ofaperiod+Deferredtaxexpense
ofaperiod+Deferredtaxincomeof
aperiod)
Extraordinaryand Otherincome
otherRevenue
Extraordinaryand Otherexpenses+Personnel
otherExpenses
indemnitiespaidtoemployer
Extraordinaryand OtherincomeOtherexpenses
otherProfit(Loss) Personnelindemnitiespaidto
employer
Profit(Loss)for
Operatingprofit(orloss)
Period
EXPT
Exportturnover
MATE
MaterialCosts
NA
DEPR
RawMaterialcost+Costofgoods
sold
CostofEmployees Salaries,wagesandotherpersonel
indemnities
Depreciation
Depreciationandprovisioncosts
INTE
InterestPaid
Interestexpense
RD
R&Dexpenses
NA
CashFlow
calculated
STAF
CF
PL+DEPR
AV
EBIT OPPL
EBTA EBIT+DEPR
484
calculated
EBIT(Earnings
calculated
BeforeInterestand
Taxes)
EBITDA(Earnings calculated
BeforeInterest,
Datadetails
Taxes,Depreciation
andAmortization)
15.8.2.27
CorrespondenceTableforSlovakiancompanies
15.8.2.27.1
Balancesheet
BvD
Code
Formula
AmadeusLabel
Slovakianformat
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
FixedAssets
Fixedassets
IntangibleFixedAssets Intangiblefixedassets
TangibleFixedAssets Tangiblefixedassets
OtherFixedAssets
Financialinvestments
Assets)
TotalCurrentassets
STOK
Stocks
Inventory
DEBT
Debtors
Tradereceivables
OCAS
OtherCurrentAssets Othercurrentassets+Unpaidsharecapital
CASH
*CashandCash
Cashinhand+Bankaccounts
Equivalent
TOASFIAS+CUAS
TotalAssets
TotalAssets
SHFDCAPI+OSFD
CAPI
OSFD
ShareholdersFunds
Capital
OtherShareholders
EquityandCapitalFunds
ShareCapital
CapitalFunds+Reservefund,
indivisib.fund&other.reserve
appropr.retain.earnings+Profit(loss)from
previousyears+Profit(loss)fromcurrent
year
NCLI LTDB+ONCL
NonCurrentLiabilities Totallongtermdebts
LTDB
LongTermDebt
LongtermBankloans
ONCL
OthernonCurrent
LongtermLiabilities+OtherProvisions
Liabilities(incl.
Provisions)
PROV
*Provisions
n.a.
Totalshorttermpayables
LOAN
Loans
Bankloansandoverdrafts
CRED
Creditors
Shorttermtradepayables
OCLI
OtherCurrentLiabilities Notinvoicedsupplies+Duetoemployees
+Socialsecurityandhealthinsurance
payables+State(taxesandsubsidies)+
State(deferredtaxes)+Payablesto
partners,coop.memb.andsyndicate
memb+Payablestodominatedand
controlledpersons+Payablesto
accountingunitsunderdominance+Other
debtinconsolidatedgroup+Other
liabilities+Shorttermprovisions+
Accruals
TotalLiabilities
FundsandLiabilities
NCUACUASCULI
Netcurrentassets
Calculated
Calculated
485
OrbisUserGuide
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
EMPL
15.8.2.27.2
BvD
Code
Calculated
Profit&Lossaccount
Formula
OPRE
TURN
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL
FIREFIEX
PLBT
OPPL+FIPL
TAXA
PLAT
PLBTTAXA
EXRE
EXEX
EXTR
EXREEXEX
PL
PLAT+EXTR
AmadeusLabel
OperatingRevenue/Turnover SalesofGoods+
Production
Sales
RevenuesfromMain
Operations
CostofGoodsSold
n.a.
GrossProfit
n.a.
n.a.
ProfitfromOperations
FinancialRevenue
InterestIncome
FinancialExpenses
InterestexpenseOther
financialcosts
Profit(loss)fromfinancial
operations
Profit(Loss)beforeTaxation Incomefromoperations
beforetax
Taxation
Incometaxonoperations
Profit(loss)before
extraordinaryitems
Totalextraordinary
Revenue
revenues
Extraordinarycosts
Expenses
ExtraordinaryandotherProfit Profit(loss)from
(Loss)
extraordinaryitems
Profit(loss)fromcurrent
year
EXPT
MATE
Exportturnover
MaterialCosts
STAF
DEPR
CostofEmployees
Depreciation
INTE
RD
InterestPaid
R&Dexpenses
CF
AV
EBIT
EBTA
486
Slovakianformat
n.a.
Materialandenergy
consumption +Costof
goodssold
Personnelcosts
Depreciationoftan.and
intan.fixedassets
Interestexpense
n.a.
PL+DEPR
CashFlow
Calculated
Calculated
OPPL
EBIT(EarningsBeforeInterestCalculated
andTaxes)
EBIT+DEPR
Calculated
andAmortization)
Datadetails
15.8.2.28
CorrespondencetableforSloveniancompanies
15.8.2.28.1
Balancesheet
BvD
Code
Formula
AmadeusLabel

IFAS
IntangibleFixed
Assets
TFAS
TangibleFixedAssets
OFAS
OtherFixedAssets
Assets)
STOK
DEBT
OCAS
CASH
TOASFIAS+CUAS
Slovenianformat
FixedAssets
Tangiblefixedassets
Longterminvestments+Longterm
operatingreceivables+Deferredtaxassets
CurrentAssets+DeferredCostsand
AccruedRevenues
Stocks
Inventories
Debtors
Shorttermoperatingreceivables
OtherCurrentAssets DeferredCostsandAccruedRevenues+
Shortterminvestments+Bankbalance,
chequesandcashonhand+Noncurrent
assets(disposalgroups)forsale
*CashandCash
Bankbalance,chequesandcashonhand
Equivalent
TotalAssets
TotalAssets
SHFDCAPI+OSFD
CAPI
OSFD
ShareholdersFunds EquityCapital
Capital
Calledcapital
OtherShareholders
EquityCapitalCalledCapital
NCLI LTDB+ONCL
NonCurrentLiabilities Provisions+LongtermFinancialand
OperatingLiabilities+Longtermaccrued
costsanddefferedrevenue
LTDB
LongTermDebt
Longtermfinancialliabilities
ONCL
OthernonCurrent
Longtermoperatingliabilities+Deferred
Liabilities(incl.
taxreceivables+Provisions+Longterm
Provisions)
accruedcostsanddefferedrevenue
PROV
*Provisions
n.a.
ShorttermFinancialandOperating
Liabilities+AccruedCostsandDeferred
Revenues
LOAN
Loans
ShorttermFinancialLiabilities+Other
shorttermFinancialLiabilities
CRED
Creditors
ShorttermOperatingLiabilities
OCLI
OtherCurrent
Liabilitiesofdisposalgroups+Accrued
Liabilities
CostsandDeferredRevenues
TotalLiabilities
FundsandLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
Calculated
Calculated
Calculated
487
OrbisUserGuide
EMPL
15.8.2.28.2
BvD
Code
Profit&Lossaccount
Formula
OPRE
TURN
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIPL
PLBT
FIREFIEX
OPPL+FIPL
TAXA
PLAT
PLBTTAXA
EXRE
EXEX
EXTR
EXREEXEX
PL
PLAT+EXTR
AmadeusLabel
OperatingRevenue/TurnoverOperatingIncome
Sales
NetSales
CostofGoodsSold
n.a.
GrossProfit
n.a.
n.a.
OperatingResult(Profit)
OperatingResult(Loss)
FinancialRevenue
Financialrevenues
FinancialExpenses
Financialexpenses
Profit(Loss)beforeTaxation CalculatedasOPPL+
FIPL
Taxation
IncomeTax+Deferred
taxes
CalculatedasPLBT
TAXA
ExtraordinaryRevenues
Revenue
ExtraordinaryExpenses
Expenses
ExtraordinaryandotherProfit CalculatedasEXRE
(Loss)
EXEX
NetProfitfortheperiod
EXPT
Exportturnover
MATE
MaterialCosts
STAF
DEPR
CostofEmployees
Depreciation
INTE
InterestPaid
RD
R&Dexpenses
CF
AV
EBIT
EBTA
NetSalesNetsales
revenusfromdomestic
market
Costofgoods,materials
soldandcostsof
materialsused
Labourcosts
Depreciationand
amortizationcosts
Financialexpensesfrom
operatingliabilities
n.a.
PL+DEPR
CashFlow
Calculated
Calculated
OPPL
EBIT(EarningsBeforeInterestCalculated
andTaxes)
EBIT+DEPR
Calculated
andAmortization)
15.8.2.29
CorrespondencetableforSpanishcompanies
15.8.2.29.1
Balancesheet
488
Slovenianformat
Datadetails
BvD
Code
Formula
AmadeusLabel

IFAS
IntangibleFixed
Assets
TFAS
TangibleFixedAssets
OFAS
OtherFixedAssets
Assets)
Spanishformat
Noncurrentassets
Intangibleassets
Tangibleassets
Realstateinvestments+Longterm
investmentsinassociatedandaffiliated
companies+LongTermFinancial
Investments+Assetsbydeferredtaxes
Currentassets
STOK
Stocks
Stocks
DEBT
Debtors
TradeDebtorsandotherreceivable
accounts
OCAS
OtherCurrentAssets Noncurrentassetsmaintainedforsale+
Shortterminvestmentsinassociatedand
affiliatedcompanies+ShortTermFinancial
Investments+Shorttermperiodifications+
Cashandequivalents
CASH
*CashandCash
Cashandequivalents
Equivalent
TOASFIAS+CUAS
TotalAssets
Totalassets
SHFDCAPI+OSFD
CAPI
OSFD
ShareholdersFunds Networth
Capital
Capital
OtherShareholders
Issuepremium+Reserves+Networthown
Funds(incl.Reserves) sharesandparticipations+Resultsfrom
previousyears+Otherloansfrompartners
+ExerciseResult+Interimdividend+
Othernetworthinstruments+Value
changesadjustments+Receivedlegacies,
grantsandsubventions
NCLI LTDB+ONCL
NonCurrentLiabilities Noncurrentliabilities
LTDB
LongTermDebt
Longtermdebts+Longtermdebtswith
associatedandaffiliatedcompanies
ONCL
OthernonCurrent
Longtermprovisions+Liabilitiesby
Liabilities(incl.
deferredtaxes+Shorttermperiodifications
Provisions)
PROV
*Provisions
Longtermprovisions
Currentliabilities
LOAN
Loans
Debtswithbankentities+Financialleasing
creditors
CRED
Creditors
Suppliers
OCLI
OtherCurrent
Liabilitiesrelatedwithnoncurrentassets
Liabilities
maintainedforsale+Shorttermprovisions
+Othershorttermdebts+Shortterm
debtswithassociatedandaffiliated
companies+Otherpayableaccounts+
Shorttermperiodifications+Shortterm
debtswithspecialcharacteristics
Totalnetworthandliabilities
FundsandLiabilities
NCUACUASCULI
Netcurrentassets
Calculated
Calculated
489
OrbisUserGuide
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
EMPL
15.8.2.29.2
BvD
Code
Calculated
Profit&Lossaccount
Formula
OPRE
AmadeusLabel
OPPL GROSOOPE
FIRE
OperatingRevenue/
Turnover
Sales
CostofGoodsSold
GrossProfit
OtherOperating
Expenses
FinancialRevenue
FIEX
FinancialExpenses
FIPL FIREFIEX
PLBT OPPL+FIPL
Profit(Loss)before
Taxation
Taxation
Profit(Loss)after
Taxation
Revenue
Expenses
Profit(Loss)
TURN
COST
GROS OPRECOST
OOPE
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
EXPT
MATE
STAF
DEPR
INTE
RD
CF
AV
EBIT
PLAT+EXTR
Spanishformat
NetTurnover +Other
operatingincome
NetTurnover
n.a.
n.a.
n.a.
Operatingresult
Financialincome +Reasonable
valuevariationonfinancial
instruments(if>0)+Exchange
differences(if>0)
Financialexpenses+
Reasonablevaluevariationon
financialinstruments(if<0)+
Exchangedifferences(if<0)
Financialresult
Resultbeforetaxes
Taxesonprofits
Exerciseresultcomingfrom
continuedoperations
Netoftaxesexerciseresult
comingfromdiscontinued
operations
Exerciseresult
Exportturnover
MaterialCosts
CostofEmployees
Depreciation
InterestPaid
R&Dexpenses
n.a.
Supplies
Labourcost
Amortizationoffixedassets
Financialexpenses
n.a.
PL+DEPR
CashFlow
Calculated
Calculated
OPPL
InterestandTaxes)
EBTA EBIT+DEPR
EBITDA(EarningsBefore Calculated
Interest,Taxes,
Depreciationand
490
Datadetails
Amortization)
15.8.2.30
CorrespondencetableforSwedishcompanies
15.8.2.30.1
BvD
Code
Balancesheet
Formula
AmadeusLabel
FixedAssets
TangibleFixedAssets
STOK
Stocks
DEBT
Debtors
OCAS
OtherCurrentAssets
SwedishLabel
FIAS IFAS+TFAS+OFAS
IFAS
TFAS
OFAS
Totalfixedassets
Totalintangiblefixedassets
Totaltangiblefixedassets
Totalfinancialfixedassets
CASH
Totalcurrentassets
Totalinventories
Accountsreceivable
Receivablesfromgroupandassociated
companies+Othercurrentreceivables+
Totalcurrentinvestments+Totalcash
andbankbalances
Totalcashandbankbalances
TOASFIAS+CUAS
*CashandCash
Equivalent
TotalAssets
SHFDCAPI+OSFD
ShareholdersFunds
Totalassets
Totalequity+Totaluntaxedreserves+
Minorityinterests
CAPI
Capital
Sharecapital
OSFD
OtherShareholdersFundsSharepremiumreserve+Revaluation
(incl.Reserves)
reserves+Otherrestrictedequity+
Groupcontribution+Shareholders
contribution+Profit/lossbrought
forward+Netprofit/lossforyear+Total
untaxedreserves+ Minorityinterests
NCLI LTDB+ONCL
Totallongtermliabilities+Total
provisions
LTDB
LongTermDebt
Longtermliabilitiestocreditinstitutions
+Bondloans
ONCL
OthernonCurrent
Totalprovisions+Longtermliabilitiesto
Liabilities(incl.
groupandassociatedcompanies+Long
Provisions)
terminterestbearingliabilities
PROV
*Provisions
Totalprovisions
Totalcurrentliabilities
LOAN
Loans
Currentliabilitiestocreditinstitutions
CRED
Creditors
Accountpayabletrade
OCLI
OtherCurrentLiabilities Othercurrentliabilities+Current
liabilitiestogroupandassociated
companies
TSHF SHFD+NCLI+CULI TotalShareholdersFunds Totalshareholders'equityandliabilities
andLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
calculated
calculated
calculated
491
OrbisUserGuide
EMPL
NumberofEmployees
15.8.2.30.2
Profit&Lossaccount
BvD
Code
Formula
OPRE
TURN
COST
GROSOPRECOST
OOPE
Amadeus
Label
Operating
Revenue/
Turnover
Sales
Costof
GoodsSold
GrossProfit
Other
Operating
Expenses
Numberofemployees
SwedishLabel
COSTFORMAT
SwedishLabel
FUNCTIONFORMAT
Netsales+Other
operatingincome
Netsales+Other
operatingincome
Netsales
NA
Netsales
Costofgoodssold
NA
NA
Grossprofit/loss
Selling
expenses+Administrative
expenses+Researchand
Developmentcosts
Itemsaffecting
comparability+Other
operatingexpense
Operatingprofit
OPPL GROSOOPE
Operating
Operatingprofit
Profit(Loss)
FIRE
Financial
Totalfinancialincome
Revenue
Financial
Totalfinancialexpenses
Expenses
Financial
Profit/Loss Totalfinancialexpenses
Profit(Loss) Profit/Lossafterfinancial
before
incomeandexpenses
Taxation
Taxation
Tax
after
incomeandexpenses
Taxation
Tax
ExtraordinaryExtraordinaryincome
andother
Revenue
ExtraordinaryExtraordinaryexpense
andother
Expenses
ExtraordinaryExtraordinaryincome
andother
Extraordinaryexpense
Profit(Loss)
forPeriod
incomeandexpenses
Tax+Extraordinary
incomeExtraordinary
expense
Export
turnover
Material
Costs
NA
FIEX
FIPL FIREFIEX
PLBT OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
EXPT
MATE
492
PLAT+EXTR
NA
Profit/Lossafterfinancial
incomeandexpenses
Tax
incomeandexpenses
Tax
Extraordinaryincome
Extraordinaryincome
incomeandexpenses
Tax+Extraordinary
incomeExtraordinary
expense
Raw
NA
materials/consumables+
Datadetails
Goodsforresale
Costof
Personnelcosts
NA
Employees
Depreciation Depreciation/amortisation Total
Depreciation/amortisation
InterestPaid Interestexpenseto
Interestexpenseto
groupcompanies+
groupcompanies+
Externalinterest
Externalinterest
expenses
expenses
R&D
NA
Researchand
expenses
Developmentcosts
STAF
DEPR
INTE
RD
CF
PL+DEPR
CashFlow
calculated
AV TAXA+PL+STAF+DEPR+INTE AddedValue calculated
EBIT OPPL
EBIT
calculated
(Earnings
Before
Interestand
Taxes)
EBTA EBIT+DEPR
EBITDA
calculated
(Earnings
Before
Interest,
Taxes,
Depreciation
and
Amortization)
15.8.2.31
CorrespondencetableforTurkishcompanies
15.8.2.31.1
Balancesheet
BvD
Code
Formula
FIAS
IFAS
TFAS
OFAS
IFAS+TFAS+OFAS
CUAS
STOK
DEBT
STOK+DEBT+OCAS
OCAS
CASH
TOAS
AmadeusLabel
FixedAssets
TangibleFixedAssets
CurrentAssets
Stocks
Debtors
OtherCurrentAssets
FIAS+CUAS
SHFD
CAPI
OSFD
CAPI+OSFD
NCLI
LTDB
LTDB+ONCL
TotalAssets
ShareholdersFunds
Capital
OtherShareholdersFunds(incl.
Reserves)
LongTermDebt
calculated
calculated
calculated
calculated
Turkishformat
FixedAssets
IntangibleAssets
TangibleFixedAssets
CalculatedasFIAS
IFASTFAS
CurrentAssets
Inventories
ShortTermTrade
Debtors
CalculatedasCUAS
STOKDEBT
CashandEquivalents
TotalAssets
NETWORTH
PaidupCapital
CalculatedasSHFD
CAPI
LongTermLiabilities
LongTermFinancial
Liabilities
493
OrbisUserGuide
ONCL
PROV
CULI
LOAN
LOAN+CRED+OCLI
OthernonCurrentLiabilities
(incl.Provisions)
*Provisions
CurrentLiabilities
Loans
CRED
Creditors
OCLI
TSHF
SHFD+NCLI+CULI
WKCA
NCUA
ENVA
STOK+DEBTCRED
WorkingCapital
CUASCULI
Netcurrentassets
MarketCap+LTDB+LOANEnterpriseValue
CASH
EMPL
NumberofEmployees
15.8.2.31.2
BvD
Code
Formula
OOPE
GROSOOPE
FIRE
FIEX
FIPL
FIREFIEX
PLBT
OPPL+FIPL
TAXA
PLAT
PLBTTAXA
EXRE
EXEX
EXTR
EXREEXEX
PL
PLAT+EXTR
EXPT
494
Calculated
Calculated
Calculated
NumberofEmployees
Profit&Lossaccount
OPRE
TURN
COST
GROS OPRECOST
OPPL
TotalShareholdersFundsand
Liabilities
CalculatedasNCLI
LTDB
n.a.
CurrentLiabilities
ShortTermFinancial
Liabilities
ShortTermTrade
Creditors
CalculatedasCULI
LOANCRED
TotalLiabilities
AmadeusLabel
Turkishformat
Sales
CostofGoodsSold
GrossProfit
NetSales
n.a.
CostofSales
CalculatedasOPRE
COST
Selling/Admin
Expenses
CalculatedasGROS
OOPE
FinancialRevenue
MiscFinancialIncome
FinancialExpenses
MiscFinancial
Expenses+Interest
payable
CalculatedasFIRE
FIEX
CalulatedasOPPL+
FIPL
Taxation
Taxation
CalculatedasPLBT
TAXA
ExtraordinaryandotherRevenueExtraordinaryIncome
andProfit
Extraordinary
Expenses
ExpensesandLosses
CalculatedasEXRE
(Loss)
EXEX
CalculatedasPLAT+
EXTR
Exportturnover
Exports
Datadetails
MATE
STAF
DEPR
INTE
RD
CF
AV
EBIT
EBTA
MaterialCosts
CostofEmployees
Depreciation
InterestPaid
R&Dexpenses
PL+DEPR
CashFlow
Calculated
Calculated
OPPL
EBIT(EarningsBeforeInterest Calculated
andTaxes)
EBIT+DEPR
Calculated
Interest,Taxes,Depreciationand
Amortization)
15.8.2.32
CorrespondencetableforUkrainiancompanies
15.8.2.32.1
BvD
Code
n.a.
n.a.
n.a.
InterestPayable
n.a.
Balancesheet
Formula
AmadeusLabel
Ukrainianformat

Fixedassets
IFAS
TFAS
TangibleFixedAssets
Unfinishedcapitaldeposits(investments)
+Tangibleassets
OFAS
OtherFixedAssets(incl. Longtermfinancialdeposits
FinancialFixedAssets) (investments)+Deferredtaxes+Long
termreceivables+Othernoncurrent
assets
CurrentAssets+Deferredexpenses
STOK
Stocks
Stocks
DEBT
Debtors
TradeReceivables
OCAS
OtherCurrentAssets
Promissorynotesreceivables+Accounts
receivable+Othercurrentreceivables+
Currentfinancialinvestments+Cashand
cashequivalents+Othercurrentassets
+Deferredexpenses
CASH
*CashandCash
Equivalent
TOASFIAS+CUAS
TotalAssets
Totalassets
SHFDCAPI+OSFD
CAPI
OSFD
ShareholdersFunds
Capital
OtherShareholders
NCLI LTDB+ONCL
LTDB
LongTermDebt
ONCL
OthernonCurrent
Liabilities(incl.
Provisions)
*Provisions
PROV
Equity
Sharecapital
Paidupcapital+Additionalcapital+
Otheradditionalcapital+Reserves+
Retainedearnings(uncoveredloss)
Calledbutnotpaidsharecapital+
Treasuryshares
Provisionsforfutureexpenses,payments
+Longtermliabilities
Longtermbankloans+Otherlongterm
liabilitiestowardsfinancialinsitutes
+Deferredtaxation+Otherlongterm
liabilities
495
OrbisUserGuide
LOAN
Loans
CurrentLiabilities+DeferredIncome
Shorttermbankloans+Maturinglong
termliabilities
CRED
Creditors
CurrentLiabilitiestowardssuppliers
OCLI
OtherCurrentLiabilities IssuedPromissorynotes+Current
liabilities+Othercurrentliabilities+
DeferredIncome
TSHF SHFD+NCLI+CULI TotalShareholdersFundsTotalshareholdersfundsandliabilities
andLiabilities
NCUACUASCULI
Netcurrentassets
ENVA Market
EnterpriseValue
Cap+LTDB+LOAN
CASH
Calculated
Calculated
Calculated
EMPL
NumberofEmployees
NumberofEmployees
15.8.2.32.2
BvD
Code
Profit&Lossaccount
Formula
OPRE
COST
GROS OPRECOST
OOPE
OPPL GROSOOPE
FIRE
FIEX
FIREFIEX
OPPL+FIPL
TAXA
PLAT PLBTTAXA
EXRE
EXEX
EXTR EXREEXEX
PL
EXPT
MATE
STAF
496
Ukrainianformat
OperatingRevenue/
Turnover
TURN
FIPL
PLBT
AmadeusLabel
PLAT+EXTR
NetRevenuesfromsaleof
goodsandservicesrendered
+Otheroperatingrevenues
Sales
NetRevenuesfromsaleof
goodsandservicesrendered
CostofGoodsSold
Costofgoodssold
GrossProfit
CalculatedasOPRECOST
OtherOperatingExpenses Administrativeexpenses+
Sellingcosts+Other
operatingexpenses
Ordinaryactivityresult
FinancialRevenue
Revenuesfromparticipations
+Otherfinancialrevenues
FinancialExpenses
Financialexpenses+Loss
fromparticipations
Profit(Loss)before
CalculatedasOPPL+FIPL
Taxation
Taxation
Incometax+Extraordinary
incometax
Extraordinaryandother Extraordinaryincome+Other
Revenue
revenues
Extraordinaryandother Extraordinarycosts+Other
Expenses
expenses
Extraordinaryandother CalculatedasEXREEXEX
Profit(Loss)
Netprofit(loss)value
Exportturnover
MaterialCosts
CostofEmployees
n.a.
Materialscost
Remunerationexpenses+
Socialsecurityexpenditures
Datadetails
DEPR
INTE
RD
Depreciation
InterestPaid
R&Dexpenses
CF
AV
EBIT
Depreciation
Financialexpenses
n.a.
PL+DEPR
CashFlow
OPPL
EBIT(EarningsBefore
InterestandTaxes)
EBTA EBIT+DEPR
Interest,Taxes,
Depreciationand
Amortization)
Calculated
Calculated
Calculated
Calculated
15.8.3Formatdefinitions
15.8.3.1 Globalformat
BvD
Code
Label
Formula
Definition
BalanceSheet
FIAS
FixedAssets
IFAS
IntangibleFixed
Assets
TFAS
CUAS
TangibleFixed
Assets
OtherFixed
Assets(incl.
FinancialFixed
Assets)
CurrentAssets
STOK
Stocks
DEBT
Debtors
OCAS
OtherCurrent
Assets
CASH
CashandCash
Equivalent
TOAS
TotalAssets
OFAS
IFAS+TFAS+OFAS
Totalamount(afterdepreciation)of
noncurrentassets(Intangible
assets+Tangibleassets+Otherfixed
assets).
Allintangibleassetssuchasformation
expenses,researchexpenses,
goodwill,developmentexpensesand
allotherexpenseswithalongterm
effect
Alltangibleassetssuchasbuildings,
machinery,etc.
Allotherfixedassetssuchaslong
terminvestments,sharesand
participations,pensionfundsetc.
STOK+DEBT+OCAS
Totalamountofcurrentassets
(Stocks+Debtors+Othercurrent
assets).
Totalinventories(rawmaterials+in
progress+finishedgoods)
Tradereceivables(fromclientsand
customersonly)
Allothercurrentassetssuchas
receivablesfromothersources(taxes,
groupcompanies),shortterm
investmentofmoneyandCashat
bankandinhand.
DetailoftheOthercurrentassets
=Onlytheamountofcashatbankand
inhandofthecompany.
Totalassets(Fixedassets+Current
assets)
FIAS+CUAS
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SHFD
CAPI
OSFD
NCLI
Shareholders
Funds
Capital
Other
Shareholders
Funds(incl.
Reserves)
NonCurrent
Liabilities
LTDB
LongTermDebt
ONCL
Othernon
Current
Liabilities(incl.
Provisions)
Provisions
PROV
CAPI+OSFD
LTDB+ONCL
CULI
Current
Liabilities
LOAN
Loans
CRED
Creditors
OCLI
OtherCurrent
Liabilities
TSHF
Total
SHFD+NCLI+CULI
Shareholders
Fundsand
Liabilities
EnterpriseValue MktCap+LTDB+LOANCASH Forpubliclylistedcompaniesonly.The
entreprisevalueestimatesthetotal
valueonthemarketofthecompany
operationsbythesumofitsMarket
capitalisation,theLongtermdebts
andtheLoans(tofinancial
institutions)minustheCash&cash
equivalent
WorkingCapital STOK+DEBTCRED
Indicateshowmuchcapitalisusedby
daytodayactivities=Stocks+
DebtorsCreditors
Netcurrent
CUASCULI
SimilartoWorkingcapital(allowingto
assets
indicatehowmuchcapitalisusedby
daytodayactivities)butusinga
differentformula:Currentassets
Currentliabilities
Numberof
Totalnumberofemployeesincludedin
Employees
thecompany'spayroll
ENVA
WKCA
NCUA
EMPL
498
LOAN+CRED+OCLI
Totalequity(Capital+Other
shareholdersfunds)
IssuedSharecapital(Authorized
capital).
AllShareholdersfundsnotlinkedwith
theIssuedcapitalsuchasReserve
capital,Undistributedprofit,include
alsoMinorityinterestsifany.
Alllongtermliabilitiesofthecompany
(Longtermfinancialdebts+other
longtermliabilitiesandprovisions)
Longtermfinancialdebtstocredit
institutions(loansandcredits)
Alllongtermliabilitiesnotrelatedto
financialinstitutionsbuttotaxes,
groupcompanies,pensionloans,etc.
Allcurrentliabilitiesofthecompany
(Loans+Creditors+Othercurrent
liabilities)
Shorttermfinancialdebtstocredit
institutions(loansandcredits)+part
ofLongtermfinancialdebtspayable
withintheyear
Alldebtstosuppliersandcontractors
(tradecreditors)
Allcurrentliabilitiesnotpayableto
financialinstitutionsnortradedebts
suchaspension,personnelcosts,
taxes,intragroupdebts,etc.
TotalShareholdersfundsandliabilities
(Shareholdersfunds+Noncurrent
liabilities+Currentliabilities)
Datadetails
Profit&LossAccount
OPRE
Operating
Revenue/
Turnover
TURN
Sales
COST
CostofGoods
Sold
GROS
GrossProfit
OOPE
OtherOperating
Expenses
OPPL
OperatingProfit GROSOOPE
(Loss)
FIRE
Financial
Revenue
Financial
Expenses
FinancialProfit/ FIREFIEX
Loss
FIEX
FIPL
PLBT
TAXA
PLAT
EXRE
EXEX
EXTR
PL
MATE
Totaloperatingrevenues(Netsales+
Otheroperatingrevenues+Stock
variations).Thefiguresdonotinclude
VAT.Localdifferencesmayoccur
regardingexcisestaxesandsimilar
obligatorypaymentsforspecific
marketoftobaccoandalcoholic
beverageindustries.
Netsales
OPRECOST
Profit(Loss)
OPPL+FIPL
beforeTaxation
Taxation
Profit(Loss)
PLBTTAXA
afterTaxation
Extraordinary
andother
Revenue
Extraordinary
andother
Expenses
Extraordinary
EXREEXEX
andotherProfit
(Loss)
Profit(Loss)for PLAT+EXTR
Period
MaterialCosts
Costofsoldgoods,production,
services.Costsdireclyrelatedtothe
productionofthegoodssold+
depreciationofthosecosts
OperatingrevenueCostofgoods
sold
Allcostsnotdirectlyrelatedtothe
productionofgoodssoldsuchas
commercialcosts,administrative
expenses,etc.+depreciationofthose
costs
EBIT.Alloperatingrevenuesall
operatingexpenses(Grossprofit
Otheroperatingexpenses)
Allfinancialrevenuessuchasinterest,
incomesfromshares,etc.
Allfinancialexpensessuchasinterest
charges,writeofffinancialassets.
Resultfromfinancialactivitiesofthe
company(FinancialrevenueFinancial
expenses)
Operatingprofit+financialprofit
Alltaxesrelatedtotheaccounting
period(paid,accruedordeferred)
ProfitbeforetaxationTaxation
Allextraordinaryrevenuesandother
revenuesnotbelongingtothe
'ordinary'activitiesofthecompany.
Allextraordinaryexpensesandother
expensesnotbelongingtothe
'ordinary'activitiesofthecompany.
Allextraordinaryandotherresultnot
belongingtothe'ordinary'activitiesof
thecompany.
NetincomefortheYear.Before
deductionofMinorityinterestsifany
(Profitaftertaxation+Extraordinary
andotherprofit).
Detailofthepurchasesofgoods(raw
materials+finishedgoods).No
services.
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STAF
Costof
Employees
Detailofalltheemployeescostsofthe
company(includingpensioncosts)
DEPR
Depreciation
INTE
InterestPaid
RD
CF
Research&
Development
CashFlow
Totalamountofdepreciationand
amortizationoftheassets
Totalamountofinterestchargespaid
forsharesorloans
Totalamountofexpensesonresearch
anddevelopmentactivities
Profitforperiod+Depreciation
AV
AddedValue
EBIT
EBTA
PL+DEPR
TAXA+PL+STAF+DEPR+INTE Profitforperiod+Depreciation+
Taxation+Interestspaid+Costof
employees
EBIT(Earnings OPPL
Operatingprofit(netprofitfrom
BeforeInterest
operatingactivities)
andTaxes)
EBITDA
EBIT+DEPR
Operatingprofit+Depreciation
(EarningsBefore
Interest,Taxes,
Depreciationand
Amortization)
15.8.3.2 Ratios
vD
Ratios
de
Definition
Profitabilityratios
HF Returnonshareholderfunds(%)
(Profitbeforetax/Shareholdersfunds)*100
EMReturnoncapitalemployed(%)
AS Returnontotalassets(%)
(Profitbeforetax+Interestpaid)/(Shareholdersfunds+Noncurrentliabilities)*
100
(Profitbeforetax/Totalassets)*100
MAProfitmargin(%)
(Profitbeforetax/Operatingrevenue)*100
MA Grossmargin(%)
(Grosprofit/Operatingrevenue)*100
MAEBITDAmargin(%)
(EBITDA/Operatingrevenue)*100
MAEBITmargin(%)
(EBIT/Operatingrevenue)*100
OP Cashflow/Operatingrevenue(%)
(Cashflow/Operatingrevenue)*100
E ROE(%)
(Profit(Loss)forperiod/Shareholdersfunds)*100
A ROA(%)
(Profit(Loss)forperiod/TotalAssets)*100
CEROCE(%)
(Profit(Loss)forperiod+InterestPaid)/(ShareholdersFunds+NonCurrent
Liabilities)*100
Enterprisevalue/(Operatingprofit(loss)+Depreciation)
ET Enterprisevalue/EBITDA(x)
Operationalratios
T Netassetsturnover(x)
Interestcover(x)
Operatingrevenue/(Shareholdersfunds+Noncurrentliabilities)
Operatingprofit/Interestpaid
OT Stockturnover(x)
Operatingrevenue/Stocks
LL Collectionperiod(days)
(Debtors/Operatingrevenue)*360
PE Creditperiod(days)
(Creditors/Operatingrevenue)*360
OP Exportrevenue/Operatingrevenue(%)
(Exports/Operatingrevenue)*100
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OPR&Dexpenses/Operatingrevenue(%)
(Research&development/Operatingrevenue)*100
Structureratios
RRCurrentratio(x)
Currentassets/Currentliabilities
QR Liquidityratio(x)
(CurrentassetsStocks)/Currentliabilities
LQShareholdersliquidityratio(x)
Shareholdersfunds/Noncurrentliabilities
LR Solvencyratio(%)
(Shareholdersfunds/Totalassets)*100
ARGearing(%)
((Noncurrentliabilities+Loans)/Shareholdersfunds)*100
Peremployeeratios
Profitperemployee(th)
Profitbeforetax/Employees
OperatingrevenueperEmployee(th)
Operatingrevenue/Employees
T Costsofemployees/Operatingrevenue(%)
(Costofemployees/Operatingrevenue)*100
E Averagecostofemployee(th)
Costofemployees/Employees
PE Shareholdersfundsperemployee(th)
Shareholdersfunds/Employees
PEWorkingcapitalperemployee(th)
PE Totalassetsperemployee(th)
Workingcapital/Employees
Totalassets/Employees
15.8.4Usingestimates
Youhavetheoptiontouseestimatesforturnover, numberofemployeesandtotalassets
figureswhenthesearenotavailable.Thissectionwillbrieflyoutlinehowtheseestimatesare
computed.
15.8.4.1 Estimatingturnovers
Foragivenyear,twocoefficients,
b and g, arecomputed:
1. ForeachtwodigitNACE1andUKSIK03industrycode(bj and
gj )
2. Forthecompanydatabaseasawhole.(b and )
WhereTurnoverij istheturnoverofcompanyiinindustryjandEmployeesijisthenumberof
employeesincompanyiinindustryj.
Forthecalculationofindustryj's bj,onlyactivecompaniesbelongingtoindustryjwhose
turnoverandnumberofemployeesfiguresareknown foragivenyeararetakenintoaccount.
WhereTurnoverij istheturnoverofcompanyiinindustryjandEmployeesijisthenumberof
Forthecalculationofthewholecompanydatabase's b,allactivecompaniesincludedin the
databasewhoseturnoverandnumberofemployeesfiguresareknownforagivenyearare
takenintoaccount.
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WhereTurnoverij istheturnoverofcompanyibelongingtoindustryj andTotalAssetsijisthe
totalassetsofcompanyiinindustryj.
Forthecalculationofanindustryj' j,onlyactivecompaniesbelongingtoindustryjwhose
turnoverandtotalassetsfiguresareknown foragivenyeararetakenintoaccount.
WhereTurnoverij istheturnoverofcompanyibelongingtoindustryj andTotalAssetsijisthe

totalassetsofcompanyiinindustryj.
Forthecalculationofthewholecompanydatabase's ,allactivecompaniesincludedin the

databasewhoseturnoverandtotalassetsfiguresareknownforagivenyeararetakeninto
account.
15.8.4.1.1Case1:thenumberofemployeesisknown
Theturnoverestimate(q) foractivecompanyibelongingtoindustryjisthengivenbythe
followingexpression:
Ifthecompany'sindustrygroupcodeisunknownthefollowingequationisthenused:
15.8.4.1.2Case2:thenumberofemployeesisunknown
Theturnoverestimate(q)ifacompanyi belongingtoindustryjisthengivenbythefollowing
expression
Ifthecompany'sindustrialgroupcodeisunknown,thefollowingequationisthenused:
15.8.4.2 Estimatingthenumberofemployees
Foragivenyear,twocoefficients, a and d, arecomputed:
1. ForeachtwodigitNACE1andUKSIK92industrycode(aj and
2. Forthecompanydatabaseaswhole.(a and
dj)
d)
WhereEmployeesijisthenumberofemployeesincompanyiinindustryj andTurnoverij isthe

turnoverofcompanyiinindustryj.
Forthecalculationindustryj's aj,onlyactivecompaniesbelongingtoindustryjwhoseturnover
andnumberofemployeesfiguresareknown foragivenyeararetakenintoaccount.
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Datadetails
WhereEmployeesijisthenumberofemployeesincompanyiinindustryj andTurnoverij isthe

turnoverofcompanyiinindustryj.
Forthecalculationofthewholecompanydatabase's a allactivecompaniesincludedin the
databasewhoseturnoverandnumberofemployeesfiguresareknownforagivenyearare
takenintoaccount.
WhereTotalAssetsijisthetotalassetsofcompanyiinindustryjandemployeesijisthe
numberofemployeesincompanyiinindustryj.
Forthecalculationindustryj's dj,onlyactivecompaniesbelongingtoindustryjwhosetotal
assetsofemployeesfiguresareknown foragivenyeararetakenintoaccount.
WhereTotalAssetsij isthetotalofcompanyiinindustryjandEmployeesij isthenumberof

15.8.4.2.1Case1:theturnoverisknown
Thenumberofemployeesestimate(e)foranactivecompanyibelongingtoindustryjisgiven
bythefollowingexpression:
15.8.4.2.2Case2:theturnoverisunknown
Thenumberofemployeesestimate(e)foranactivecompanyibelongingtoindustryjisgiven
bythefollowingexpression:
15.8.4.3 EstimatingTotalassets
Foragivenyear,twocoefficients,
b and g, arecomputed:
1. ForeachtwodigitNACE1andUKSIK03industrycode(dj and
2. Forthecompanydatabaseasawhole(d and
lj )
l)
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WhereTotalAssetsijisthetotalassetsofcompanyiinindustryjandemployeesijisthe
Forthecalculationindustryj's dj,onlyactivecompaniesbelongingtoindustryjwhosetotal
assetsofemployeesfiguresareknown foragivenyeararetakenintoaccount.
WhereTotalAssetsij isthetotalassetsofcompanyiinindustryjandEmployeesijisthe
Forthecalculationofthewholecompanydatabase's d,allactivecompaniesincludedin the
databasewhosetotalassetsandnumberofemployeesfiguresareknownforagivenyearare
takenintoaccount.
WhereTotalAssetsijisthetotalassetsofcompanyiinindustryjandTurnoverij istheturnover
ofcompanyibelongingtoindustryj.Forthecalculationofanindustryj' j,onlyactive
companiesbelongingtoindustryjwhoseturnoverandtotalassetsfiguresareknown fora
givenyeararetakenintoaccount.
WhereTotalAssetsijisthetotalassetsofcompanyiinindustryjandTurnoverij istheturnover
ofcompanyibelongingtoindustryj.
Forthecalculationofthewholecompanydatabase's ,allactivecompaniesincludedin the

databasewhoseturnoverandtotalassetsfiguresareknownforagivenyeararetakeninto
account.
15.8.4.3.1Case1:thenumberofemployeesisknown
Theturnoverestimate(f) foractivecompanyibelongingtoindustryjisthengivenbythe
followingexpression:
Ifthecompany'sindustrygroupcodeisunknownthefollowingequationisthenused:
15.8.4.3.2Case2:thenumberofemployeesisunknown
Theturnoverestimate(q)ifacompanyi belongingtoindustryjisthengivenbythefollowing
expression
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Datadetails
15.9Geographicdata
15.9.1Worldregions
15.9.1.1 Worldregions
Orbisoffersseveralgeographicallevelsofaggregationenablingyoutorunsearchesand
segmentcompaniesaccordingly.Worldregionsarethemostaggregatedlevelofferedby
Orbis.Twodifferenttypesofworldregionsareavailable:
Geographicalworldregions:
Aggregatescountriesaccordingtothemajorgeographicregionsintheworldsuchas
NorthAmerica,WesternEurope,...
See'Geographicalworldregions'forthelistandcompositionofeachregion.
Politicalworldregions:
Aggregatescountriesaccordingtothemajorpoliticalregionsintheworldsuchas
NAFTA,OECD,...
See'Politicalworldregions'forthelistandcompositionofeachregion.
15.9.1.2 Geographicalworldregions
15.9.1.2.1NorthAmerica
IncludesCanadaandtheUnitedStatesofAmerica.
15.9.1.2.2WesternEurope
IncludesAndorra,Austria,Belgium,Cyprus,Denmark,Finland,France,Germany,Gibraltar,
Greece,Iceland,Ireland,Italy,Liechtenstein,Luxembourg,Malta,Monaco,Netherlands,
Norway,Portugal,SanMarino,Spain,Sweden,Switzerland,TurkeyandtheUnitedKingdom.
15.9.1.2.3EasternEurope
IncludesAlbania,Belarus,BosniaandHerzegovina,Bulgaria,Croatia,CzechRepublic,Estonia,
Hungary,Latvia,Lithuania,Macedonia(FYROM),Moldova,RepublicofMontenegro,Poland,
Romania,RussianFederation,Serbia,Slovakia,SloveniaandUkraine.
15.9.1.2.4Scandinavia
IncludesDenmark,Finland,NorwayandSweden.
15.9.1.2.5Balticstates
IncludesEstonia,LatviaandLithuania.
15.9.1.2.6Nordicstates
IncludesDenmark,Estonia,Finland,Iceland,Latvia,Lithuania,NorwayandSweden.
15.9.1.2.7Balkanstates
IncludesAlbania,BosniaandHerzegovina,Bulgaria,Croatia,Greece,Macedonia(FYROM),
Montenegro,Romania,SerbiaandSlovenia.
15.9.1.2.8MiddleEast
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OrbisUserGuide
IncludesBahrain,Iran,Iraq,Israel,Jordan,Kuwait,Lebanon,Oman,PalestinianTerritory,
Qatar,SaudiArabia,SyrianArabRepublic,UnitedArabEmiratesandYemen
15.9.1.2.9FarEastandCentralAsia
IncludesAfghanistan,Armenia,Azerbaijan,Bangladesh,Bhutan,BruneiDarussalam,
Cambodia,China,,Georgia,HongKong,India,Indonesia,Japan,Kazakhstan,Korea
(DemocraticPeople'sRepublicof),Korea(Republicof),,Kyrgyzstan,LaoPeople'sDemocratic
Republic,Macau,Malaysia,Maldives,Mongolia,Myanmar,Nepal,Pakistan,Philippines,
Singapore,SriLanka,Taiwan,Tajikistan,Thailand,Turkmenistan,UzbekistanandVietnam.
15.9.1.2.10
SouthandCentralAmerica
IncludesAnguilla,AntiguaandBarbuda, Argentina, Aruba, Bahamas,Barbados,Belize,

Bermuda,Bolivia,Brazil,CaymanIslands,Chile,Colombia,CostaRica,Cuba,Dominica,
DominicanRepublic,Ecuador,ElSalvador,Grenada,Guatemala,Guyana,Haiti,Honduras,
Jamaica,Mexico,NetherlandsAntilles,Nicaragua,Panama,Paraguay,Peru,SaintKittsand
Nevis,SaintLucia,SaintVincentandtheGrenadines,Suriname,TrinidadandTobago,
Uruguay,VenezuelaandVirginIslands(British)
15.9.1.2.11
Africa
IncludesAlgeria,Angola,Benin,Botswana,BurkinaFaso,Burundi,Cameroon,CapeVerde,
CentralAfricanRepublic,Chad,Comoros,Congo,Congo(DemocraticRepublicof),Cte
d'Ivoire,Djibouti,Egypt,EquatorialGuinea,Eritrea,Ethiopia,Gabon,Gambia,Ghana,Guinea,
GuineaBissau,Kenya,Lesotho,Liberia,LibyanArabJamahiriya,Madagascar,Malawi,Mali,
Mauritania,Mauritius,Morocco,Mozambique,Namibia,Niger,Nigeria,Rwanda,SaoTomeand
Principe,Senegal,Seychelles,SierraLeone,Somalia,SouthAfrica,Sudan,Swaziland
,Tanzania(UnitedRepublicof),Togo,Tunisia,Uganda,ZambiaandZimbabwe
15.9.1.2.12
Oceania
IncludesAustralia,EastTimor,Fiji,Kiribati,MarshallIslands,Micronesia(FederatedStatesof),
Nauru,NewZealand,Palau,PapuaNewGuinea,Samoa,SolomonIslands,Tonga,Tuvaluand
Vanuatu
15.9.1.2.13
Supranational
15.9.1.3 Politicalworldregions
15.9.1.3.1OECD
IncludesAustralia,Austria,Belgium,Canada,Chile,CzechRepublic,Denmark,Estonia,
Finland,France,Germany,Greece,Hungary,Iceland,Ireland,Israel,Italy,Japan,Korea
(Republicof),LuxembourgMexico,Netherlands,NewZealand,Norway,Poland,Portugal,
Slovakia,Slovenia,Spain,Sweden,Switzerland,Turkey,UnitedKingdomandUnitedStatesof
America.
15.9.1.3.2EuropeanUnion
IncludesAustria,,Belgium,Denmark,Finland,France,Germany,Greece,Ireland,Italy,
Luxembourg,Netherlands,Portugal,Spain,SwedenandUnitedKingdom.
15.9.1.3.3EuropeanUnion,enlarged
IncludesAustria,Belgium,Bulgaria,Cyprus,CzechRepublic,Denmark,Estonia,Finland,
France,Germany,Greece,Hungary,Ireland,Italy,Latvia,Lithuania,Luxembourg,Malta,
Netherlands,Poland,Portugal,Romania,Slovakia,Slovenia,Spain,SwedenandUnited
Kingdom.
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Datadetails
15.9.1.3.4EuroArea
IncludesAustria,Belgium,Cyprus,Finland,France,Germany,Greece,Ireland,Italy,
Luxembourg,Malta,Netherlands,Portugal,Slovakia,SloveniaandSpain.
15.9.1.3.5G8
IncludesCanada,France,Germany,Italy,Japan,RussianFederation,UnitedKingdomand
UnitedStatesofAmerica
15.9.1.3.6NAFTA
IncludesCanada,MexicoandtheUnitedStatesofAmerica.
15.9.1.3.7EFTA
IncludesIceland,Liechtenstein,NorwayandSwitzerland.
15.9.1.3.8ASEAN
IncludesBruneiDarussalam,,Cambodia,Indonesia,LaoPeople'sDemocraticRepublic,
Malaysia,Myanmar,Philippines,Singapore,ThailandandVietnam.
15.9.1.3.9GCC
IncludesBahrain,Kuwait,Oman,Qatar,SaudiArabiaandtheUnitedArabEmirates.
15.9.1.3.10
MENA
IncludesAlgeria,Bahrain,Djibouti,Egypt,Iran(IslamicRepublicof),Iraq,Israel,Jordan,
Kuwait,Lebanon,LibyanArabJamahiriya,Morocco,Oman,PalestinianTerritory,Qatar,Saudi
Arabia,SyrianArabRepublic,Tunisia,UnitedArabEmirates,Yemen.
15.9.2ISOCountryCodes
COUNTRY
ISOCODE
AFGHANISTAN
AF
ALANDISLANDS
AX
ALBANIA
AL
ALGERIA
DZ
AMERICANSAMOA
AS
ANDORRA
AD
ANGOLA
AO
ANGUILLA
AI
ANTARCTICA
AQ
ANTIGUAANDBARBUDA
AG
ARGENTINA
AR
ARMENIA
AM
ARUBA
AW
AUSTRALIA
AU
AUSTRIA
AT
AZERBAIJAN
AZ
BAHAMAS
BS
BAHRAIN
BH
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BANGLADESH
BD
BARBADOS
BB
BELARUS
BY
BELGIUM
BE
BELIZE
BZ
BENIN
BJ
BERMUDA
BM
BHUTAN
BT
BOLIVIA
BO
BOSNIAANDHERZEGOVINA
BA
BOTSWANA
BW
BOUVETISLAND
BV
BRAZIL
BR
BRITISHINDIANOCEANTERRITORY
IO
BRUNEIDARUSSALAM
BN
BULGARIA
BG
BURKINAFASO
BF
BURUNDI
BI
CAMBODIA
KH
CAMEROON
CM
CANADA
CA
CAPEVERDE
CV
CAYMANISLANDS
KY
CENTRALAFRICANREPUBLIC
CF
CHAD
TD
CHILE
CL
CHINA
CN
CHRISTMASISLAND
CX
COCOS(KEELING)ISLANDS
CC
COLOMBIA
CO
COMOROS
KM
CONGO
CG
CONGO,THEDEMOCRATICREPUBLICOFTHE
CD
COOKISLANDS
CK
COSTARICA
CR
CTED'IVOIRE
CI
CROATIA
HR
CUBA
CU
CYPRUS
CY
CZECHREPUBLIC
CZ
DENMARK
DK
DJIBOUTI
DJ
DOMINICA
DM
DOMINICANREPUBLIC
DO
508
Datadetails
ECUADOR
EC
EGYPT
EG
ELSALVADOR
SV
EQUATORIALGUINEA
GQ
ERITREA
ER
ESTONIA
EE
ETHIOPIA
ET
FALKLANDISLANDS(MALVINAS)
FK
FAROEISLANDS
FO
FIJI
FJ
FINLAND
FI
FRANCE
FR
FRENCHGUIANA
GF
FRENCHPOLYNESIA
PF
FRENCHSOUTHERNTERRITORIES
TF
GABON
GA
GAMBIA
GM
GEORGIA
GE
GERMANY
DE
GHANA
GH
GIBRALTAR
GI
GREECE
GR
GREENLAND
GL
GRENADA
GD
GUADELOUPE
GP
GUAM
GU
GUATEMALA
GT
GUINEA
GN
GUINEABISSAU
GW
GUYANA
GY
HAITI
HT
HEARDISLANDANDMCDONALDISLANDS
HM
HOLYSEE(VATICANCITYSTATE)
VA
HONDURAS
HN
HONGKONG
HK
HUNGARY
HU
ICELAND
IS
INDIA
IN
INDONESIA
ID
IRAN,ISLAMICREPUBLICOF
IR
IRAQ
IQ
IRELAND
IE
ISRAEL
IL
ITALY
IT
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JAMAICA
JM
JAPAN
JP
JORDAN
JO
KAZAKHSTAN
KZ
KENYA
KE
KIRIBATI
KI
KOREA,DEMOCRATICPEOPLE'SREPUBLICOF
KP
KOREA,REPUBLICOF
KR
KUWAIT
KW
KYRGYZSTAN
KG
LAOPEOPLE'SDEMOCRATICREPUBLIC
LA
LATVIA
LV
LEBANON
LB
LESOTHO
LS
LIBERIA
LR
LIBYANARABJAMAHIRIYA
LY
LIECHTENSTEIN
LI
LITHUANIA
LT
LUXEMBOURG
LU
MACAO
MO
MACEDONIA,THEFORMERYUGOSLAVREPUBLICOF
MK
MADAGASCAR
MG
MALAWI
MW
MALAYSIA
MY
MALDIVES
MV
MALI
ML
MALTA
MT
MARSHALLISLANDS
MH
MARTINIQUE
MQ
MAURITANIA
MR
MAURITIUS
MU
MAYOTTE
YT
MEXICO
MX
MICRONESIA,FEDERATEDSTATESOF
FM
MOLDOVA,REPUBLICOF
MD
MONACO
MC
MONGOLIA
MN
MONTSERRAT
MS
MOROCCO
MA
MOZAMBIQUE
MZ
MYANMAR
MM
NAMIBIA
NA
NAURU
NR
NEPAL
NP
510
Datadetails
NETHERLANDS
NL
NETHERLANDSANTILLES
AN
NEWCALEDONIA
NC
NEWZEALAND
NZ
NICARAGUA
NI
NIGER
NE
NIGERIA
NG
NIUE
NU
NORFOLKISLAND
NF
NORTHERNMARIANAISLANDS
MP
NORWAY
NO
OMAN
OM
PAKISTAN
PK
PALAU
PW
PALESTINIANTERRITORY,OCCUPIED
PS
PANAMA
PA
PAPUANEWGUINEA
PG
PARAGUAY
PY
PERU
PE
PHILIPPINES
PH
PITCAIRN
PN
POLAND
PL
PORTUGAL
PT
PUERTORICO
PR
QATAR
QA
RUNION
RE
ROMANIA
RO
RUSSIANFEDERATION
RU
RWANDA
RW
SAINTHELENA
SH
SAINTKITTSANDNEVIS
KN
SAINTLUCIA
LC
SAINTPIERREANDMIQUELON
PM
SAINTVINCENTANDTHEGRENADINES
VC
SAMOA
WS
SANMARINO
SM
SAOTOMEANDPRINCIPE
ST
SAUDIARABIA
SA
SENEGAL
SN
SERBIAANDMONTENEGRO
CS
SEYCHELLES
SC
SIERRALEONE
SL
SINGAPORE
SG
SLOVAKIA
SK
511
OrbisUserGuide
SLOVENIA
SI
SOLOMONISLANDS
SB
SOMALIA
SO
SOUTHAFRICA
ZA
SOUTHGEORGIAANDTHESOUTHSANDWICH
ISLANDS
GS
SPAIN
ES
SRILANKA
LK
SUDAN
SD
SURINAME
SR
SVALBARDANDJANMAYEN
SJ
SWAZILAND
SZ
SWEDEN
SE
SWITZERLAND
CH
SYRIANARABREPUBLIC
SY
TAIWAN,PROVINCEOFCHINA
TW
TAJIKISTAN
TJ
TANZANIA,UNITEDREPUBLICOF
TZ
THAILAND
TH
TIMORLESTE
TL
TOGO
TG
TOKELAU
TK
TONGA
TO
TRINIDADANDTOBAGO
TT
TUNISIA
TN
TURKEY
TR
TURKMENISTAN
TM
TURKSANDCAICOSISLANDS
TC
TUVALU
TV
UGANDA
UG
UKRAINE
UA
UNITEDARABEMIRATES
AE
UNITEDKINGDOM
GB
UNITEDSTATES
US
UNITEDSTATESMINOROUTLYINGISLANDS
UM
URUGUAY
UY
UZBEKISTAN
UZ
VANUATU
VU
VaticanCityStateseeHOLYSEE
VENEZUELA
VE
VIETNAM
VN
VIRGINISLANDS,BRITISH
VG
VIRGINISLANDS,U.S.
VI
WALLISANDFUTUNA
WF
512
Datadetails
WESTERNSAHARA
EH
YEMEN
YE
ZaireseeCONGO,THEDEMOCRATICREPUBLICOF
THE
ZAMBIA
ZM
ZIMBABWE
ZW
15.10Informationproviders
C.C.I.ofRomania
COVERAGE:ROMANIA
ChamberofCommerceandIndustryofRomania
BusinessdevelopmentcenterofBucharest
Bld.OctavianGoganr.2,sector3
030982Bucharest
Romania
Tel.:40213190171or40213190155
Fax:40213112110
Email:dpc@ccir.ro
CIBI
COVERAGE:PHILIPPINES
2/FCIBIInformationCenter
3308Zapotecor.MascardoSts.,MakatiCity
PHILIPPINES
Tels:(632)8990015to17
Fax:(632)8900036
Email:cibiinfo@cibi.net.ph
CMIE(CentreforMonitoringIndianEconomy)
COVERAGE:INDIA
11,AppleHeritage,54C,AndheriKurlaRoad,Andheri(E)
Mumbai
Maharashtra
India
400093
Tel.No:912226870595
912226870090
FaxNo:912226870696
Email:rohit@cmie.com
CofaceServices
COVERAGE:FRANCE/MONACO
5quaiJarBP9063
69255Lyoncedex09
France
Tel.:33472851000
Fax:33472851077
Email:geral@cofacescrl.com
CofaceServicesBelgium
COVERAGE:MarketingdataBelgium
Placedel'universit,16
1348LouvainlaNeuve
Belgium
Email:info@coface.be
513
OrbisUserGuide
CofaceServiosPortugal,S.A.
COVERAGE:PORTUGAL
Av.ColumbanoBordaloPinheiro,n757Ed.Prtico
1070061Lisboa
Portugal
Tel.:351(21)3588800
Fax:351(21)3588801
Email:internacional@cofacemope.pt
COFACESLOVENIA
COVERAGE:SLOVENIA
Cankarjeva3
1000Ljubljana
Slovenia
Tel.:386(1)4259065
Fax:386(1)4259130
Email:office@coface.si
Credinform
COVERAGE:RUSSIA/KAZAKHSTAN
Spasskyper.,5
190031St.Petersburg
RussiaFederation
Tel.:7(812)57042835704284
Fax:7(812)5704285
Email:office@credinform.ru
CreditinfoCzechRepublic,s.r.o.
COVERAGE:CZECHREPUBLIC
Sokolovsk100/94
18600Praha8
CzechRepublic
tel.:4202719601669
fax:420271960161
Email:info@creditinfo.cz
CreditinfoSchufaGmbH
COVERAGE:ICELAND/MALTA
Kormoranweg5
65201Wiesbaden
Germany
Tel.:+4961192787127
Fax:+4961192788127
Email:info@creditinfo.com
CreditinfoSlovakia,s.r.o.
COVERAGESLOVAKREPUBLIC
Stachanovska9
82105Bratislava
SlovakRepublic
tel.:421(0)243427211
fax:421(0)243410021
Email:info@creditinfo.sk
CreditreformAustria
COVERAGE:AUSTRIA
Wirtschaftsauskunftei
KubickiKG,Muthgasse3640
1190Wien
Austria
Tel.:43(1)21862200
514
Datadetails
Fax:43(1)21862204
Email:creditreform@wien.creditreform.at
CreditreformBulgaria
COVERAGE:BULGARIA,MACEDONIA
JKIlinden,bl.129,vh.B
1309Sofia
Bulgaria
Tel.:359(2)9293993
Fax:359(2)9200994
Email:office@creditreform.bg
CreditreformCroatia
COVERAGE:CROATIA
Savskacesta66/VIII
10000Zagreb
Croatia
Tel.:385(1)6311477
Fax:385(1)6311499
Email:creditreform@creditreform.hr
Creditreformd.o.o.
COVERAGE:SERBIAANDMONTENEGRO/BOSNIAHERZEGOVINA
PalmiraToljatija5/III
CS11070NoviBeograd
Serbia
Tel.:+381(11)2696059
Fax:+381(11)2672998
Email:office@creditreform.co.yu
CreditreformLatvia
COVERAGE:LATVIA/BELARUS
Skanstesiela13
1013Riga
Latvia
Tel.:371(7)501030
Fax:371(7)501040
Email:office@creditreform.lv
CreditreformLietuvaUAB
COVERAGE:LITHUANIA
P.O.Box2878
01009Vilnius
Lithuania
Tel.:370(5)2661380
Fax:370(5)2791308
Email:info@creditreform.lt
CreditreformLuxembourg
COVERAGE:LUXEMBOURG
B.P.87
6905Niederanven
GrandDuchyofLuxembourg
Phone:352263460
Fax:35226346050
Email:info@creditreform.lu
CreditreformInterinfo
COVERAGE:HUNGARY
Jzsefutca13
1083Budapest
515
OrbisUserGuide
Hungary
Tel.:36(1)3333000
Fax:36(1)3333111
Email:creditreform@creditreform.hu
DPInformationGroup
COVERAGE:SINGAPORE
3KillineyRoad#0408
WinslandHouse1
Singapore239519
Tel:6567381900
Fax:6567388982
email:sales@dpgroup.com.sg
Dun&Bradstreet
COVERAGE:North,Central&SouthAmerica/Africa
103JFKParkwayShortHills,
NJ07078
USA
Tel:+18009320025
Dun&BradstreetTSRLtd
COVERAGE:JAPAN
7FShibaBldg.III,1717Shiba,Minatoku,
Tokyo1050014
Japan
Tel.:+81(03)58600200
Fax:+81(03)64360311
Email:jpsales@dnbtsr.com
Experian
COVERAGE:NORWAY
Srkedalsvn.10C
Majorstuen
N0303Oslo
Norway
Tel.:47(81)555454
Fax:47(22)465390
Email:post@no.experian.com
ExperianA/S
COVERAGE:DENMARK
Kristianiagade9
DK2100CopenhagenO
Denmark
Tel: 4570100107
Email:kundeservice@experian.dk
FinarD&B
COVERAGE:TURKEY
SunPlazaBBlok
DereboyuCad.BilimSok.No:5
34398MaslakIstanbul
Turkey
Tel:+90(0)212 3272238/+90(0)2122587272
Fax:+90(0)2123272243/+90(0)2122583272
Email:pdidman@finar.com.tr
IBISWorld
COVERAGE:AUSTRALIA
1CollinsStreet
516
Datadetails
MELBOURNE,VIC3000
AUSTRALIA
Telephone:+61396502166
Facsimile:+61396504033
Email:enquiries@ibisworld.com.au
ICAP
COVERAGE:GREECE
64Vas.SophiaAvenue
11528Athens
Greece
Tel.:30(1)7200000
Fax:30(1)7250634
Email:icapbank@icap.gr
InfoCredit
COVERAGE:POLAND
ul.Smolna40
00375Warsaw
Poland
Tel.:48(22)8266178
Fax:48(22)8268184
Email:sklep@infocredit.pl
InfocreditGroupLtd.
COVERAGE:CYPRUS/MIDDLEEAST
P.O.Box285662080
Nicosia
Cyprus
Tel:+35722398000
Fax+35722458937
Email:info@infocreditgroup.com
Informa
COVERAGE:SPAIN
Avda.delaIndustria,32
28108AlcobendasMadrid
Spain
Tel.:34(91)6617119
Fax:34(91)6619060
Email:info@informa.es
InformadelPeru
COVERAGE:Peru
CalleJorgeChvez6312
MirafloresLima
Per
Tel.:(511)6173333
Fax:(511)6173334
Email:clientes@informadelperu.com
Jordans
COVERAGE:UNITEDKINGDOM/IRELAND
2022BedfordRow
London
WC1R4JS
UnitedKingdom
Tel.:44(117)9230600
Fax:44(117)9230063
Email:marketing@jordans.co.uk
517
OrbisUserGuide
KISInfo
COVERAGE:KOREA
(150010)1528YeoidoDong,YeongdeungpoGu,
Seoul
Korea
Tel.:82237714728
Krediidiinfo
COVERAGE:ESTONIA
NarvaMnt5
10117Tallinn
Estonia
Tel.:3726659600
Fax:3726659601
Email:team@kredinfo.ee
LexisNexis
COVERAGE:THENETHERLANDS
VandeSandeBakhuyzenstraat4
1000ADAmsterdam
TheNetherlands
Tel.:31(20)5159458
Fax:31(20)5159446
Email:servicedesk@lexisnexis.nl
MFHonyvem
COVERAGE:ITALY
ViaCorf,102
25125Brescia
Italy
Tel.:39(30)225831
Fax:39(30)2234250
Email:info@honyvem.it
modeFinance
COVERAGE:MORERATINGS,WORLDWIDE
MORERatings
AREASciencePark
Padriciano99
34012Trieste
Italy
Email:info@modefinance.com
PT.DataindoIntiSwakarsa(DIS)
COVERAGE:INDONESIA
3rdFloor,GapuraRayaBuilding
Jl.BangkaRayaNo.4,PelaMampang
Jakarta12720,
Indonesia
Tel:(6221)7193832
Fax:(6221)7193834
Email:dis@diswebpage.com,info@disb2b.com
Reuters
COVERAGE:ListedUScompanies
85,FleetStreet
London
EC4P4AJ
UnitedKingdom
Tel:+442072501122
518
Datadetails
Fax:+442073533002
Email:miriam.mckay@reuters.com
SeeNews
COVERAGE:MOLDOVA/ALBANIA
Moldova
64St.KiriliMetodiiStreet
1202Sofia
Bulgaria
Tel.:+359(2)8012600
Fax:+359(2)8012801
Email:research@seenews.com
SinoSure
COVERAGE:CHINA
FortuneTimesBuilding,No.11
Fenghuiyuan,XichengDistrict,Beijing,
100032,
P.R.China
Tel:+86(10)66582676
Fax:+86(10)66516153
SuomenAsiakastietoOy
COVERAGE:FINLAND
Typajankatu10A,6thfloor
00580Helsinki
Finland
Tel.:358(9)148861
Fax:358(9)735338
Email:international@asiakastieto.fi
ChinaCreditInformationServices,Ltd.(CCIS)
COVERAGE:TAIWAN
5F,No.57,TungHsinRd,HsinYiDist.
Taipei110,
Taiwan,R.O.C.
Tel:+886287683266ext.707
Fax:+886287682033
Email:sales@ccis.com.tw
TransUnionITC
COVERAGE:SouthAfrica
WanderersOfficePark
52CorlettDrive,
P.O.Box4522Illovo,Johannesburg
SouthAfrica
Tel: +27(0)112146000
Email:info@transunionitc.co.za
UCAB
COVERAGE:SWEDEN
11788Stockholm
Sweden
Tel.:46(8)6709000
Fax:46(8)6709020
Email:kundtjanst@uc.se
VADISConsultingsa/nv
COVERAGE:VADISPREDICTIVEINDICATORS,WORLDWIDE
Researchdreef65
1070Brussels
519
OrbisUserGuide
Belgium
Tel:+3225559410
Fax: +3225211200
email:anna@vadis.com
VerbandderVereineCreditreforme.V.
COVERAGE:GERMANY
Hellersbergstrasse12
41460Neuss
Germany
Tel.:49(2131)109302
Fax:49(2131)109109
Email:amadeus@creditreform.de
Worldbox
COVERAGE:SWITZERLAND/LIECHTENSTEIN/MONACO/HONGKONG/NEWZEALAND
Switzerland
Breitackerstrae1
8702Zollikon/Zrich
Switzerland
Tel.:41(44)3913431
Fax:41(44)3913786
Email:info@worldbox.com
World'VestBaseInc.
COVERAGE:LISTEDNONUSCOMPANIES,WORLDWIDE/PRIVATECOMPANIES,THAILAND,
VIETNAM,MALAYSIA
1335NorthDearborn
Chicago
IL60610US
USA
Tel.:+(1)3129223155
Email:inforequest@wvb.com
15.11Legalforms
15.11.1
Legalformscategories
Inordertoensurearelativecomparabilitybetweencountries,BureauvanDijkhasregrouped
thedifferentexistinglegalformsinthreebroadcategories:
1. Public:AG,SA,NV,A/S,Plc,OYJ,AE,SpA,AB
companieswhosecapitalisdividedintoshareswhichcanbeofferedtothegeneral
publicandwhosemembersareonlyliableforitsdebtstotheextentofanyamount
unpaidontheirshares.
2. Private:GmbH,SPRL,BVBA,ApS,Ltd,OY,SARL,EPE,Srl,BV,A/S,LDA,SL
companieswhosecapitalisdividedintoshareswhichcannotbeofferedtothegeneral
public.Theliabilityofitsmembersislimitedtotheamountoftheirshares.
3. OtherLegalForms:
520
Partnerships:OHG,KG,I/S,K/S,Ky,Kb,SNC,SC,GmbH&Co,KG,SapA,
Sas,Snc,ANS,K/S,HB,KB
companieswhereatleastonepartnerisliableforthefirm'sdebts.
Soleproprietorships:SURL,EVBA,Soleproprietorships,OE,EE
companieswherethereisonlyoneshareholder.
Cooperatives
Datadetails
Notethemaindifferencesbetweenpublicandprivatecompaniesare:
Sharesofpubliccompaniescanbeofferedtothegeneralpublicsharesofprivate
companiescannot.
Theminimumsharecapitalishigherforpubliccompaniesthanforprivateones.
Theminimumnumberofshareholdersandofdirectorsishigherforpubliccompanies
thanforprivateones.
Usuallythemaximumnumberofshareholdersforprivatecompaniesislimited.
Reportinganddisclosurerequirementsandproceduresforincorporationareless
constrainingforprivatecompaniesthanforpubliccompanies.
Transferofsharesofprivatecompaniesisusuallylimited.
15.12Peergroups
15.12.1
Peergroups
15.12.1.1
Overview
Apeergroupisagroupofcompaniesusedtocompareandbenchmarktheperformanceofa
subjectagainstit'speers.Twomaintypesofpeergroupsareavailable.
15.12.1.1.1
Standardpeergroup
OrbisassociateseachcompanywithasocalledStandardpeergroup,definedbyindustrycode
andsize.SeeStandardpeergroupdefinitionformoredetails.
15.12.1.1.2
Ownpeergroup
AnOwnpeergroupisanygroupofcompaniesselectedthroughasearchthatisdeemed
comparabletoasubjectcompany.SeeDefinethedefaultpeergroupformoreinformationon
howtocreateanownpeergroup.
15.12.1.2
Defaultandcurrentpeergroups
15.12.1.2.1
Defaultpeergroup
Thedefaultpeergroupisthepeergroupassociatedtoasubjectcompanyunlessotherwise
specified.Bydefault,acompany'sdefaultpeergroupisit'sstandardpeergroup.Youmay
changeacompany'sdefaultpeergroupfromthelistofresultsorthecompanyreport.
Thedefaultpeergrouphasthreemainattributesthatmaybedisplayedinlistformatsandin
reportformats:
Name
Description
Size
15.12.1.2.2
Currentpeergroup
Acompany'scurrentpeergroupisthepeergroupcurrentlyusedinanelementofapeer
report.ThecurrentpeergroupmaybedifferentthanthedefaultpeergroupsinceOrbisallows
youtocustomisepeerreportelementsandchooseadifferentpeergroupthantheone
selectedasthedefaultone.Thiscurrentpeergroupwillbeusedasthedefaultpeergroupfor
eachpeerreportelementusedforthedurationofyoursession.
Youmayviewacompany'scurrentpeergroupfromacompanyreportbydisplayingthereport
sectionPeerGroupavailableinthesidemenu
15.13Ratingsandscores
15.13.1
VadisPredictiveIndicators
521
OrbisUserGuide
15.13.1.1
VadisPredictiveIndicators:Propensitytobecomebankrupt
TheVadisPredictiveIndicatoronthepropensityofacompanytobebankrupt(VPI
Bankruptcy)isascoredevelopedbyVadis.UsingBureauvanDijkdata,itmeasuresthe
likelihoodofacompanytodeclarebankruptcyinthenext18months.
Notethatthescorecanonlybecomputedforcompanieswhenrecentdetailedfinancialis
availableandiftheyarelocatedinoneofthefiftymainindustrializedcountries(seeadditional
conditionsbelow).
Thescorecantakethefollowingvalues:
VPIValue
F
Definition
Thecompanybelongstothetop5%ofcompaniesinitscountryhavingthe
highestprobabilitytobecomebankruptwithinthenext18months.
Thecompanybelongstoabandofunstablecompaniesinitscountryhavinga
highrisktobecomebankruptwithinthenext18months.
Thecompanybelongstoabandofcompaniesinitscountryhavingamedium
risktobecomebankruptwithinthenext18month.
Thecompanybelongstothethirdbottombandofcompaniesinitscountry
representingrelativelylowriskofbankruptcywithinthenext18months,but
withahigherriskprobabilitythanthoseinratingB.
Thecompanybelongstothesecondbottombandcompaniesinitscountry
representinglowriskofbankruptcywithinthenext18months.
Thecompanybelongstothebottom25%ofcompaniesinitscountryhaving
thelowestrisktobecomebankruptwithinthenext18month.
E
D
C
B
A
ThisscoreisnotavailableforallcompaniesincludedinOrbis.Ascoremaynotbeavailablefor
thefollowingreasons:
Ascoringmodelisnotpossibleforthecountryinwhichthecompanyislocated.
Thiscompanystatusisinactiveoralreadybankrupt.
Thereisnofinancialinformationavailableforthecompany.
Thereisnorecentdetailedfinancialinformationavailableforthecompany.
Thereisinsufficientfinancialinformationavailableforthecompany.
Onlylimitedfinancialinformationisavailableforthecompany.
Onlyoneyearoffinancialinformationisavailableforthecompany.
15.13.1.2
VadisPredictiveIndicators:Propensitytobesold
TheVadisPredictiveIndicatoronthepropensityofacompanytobesold(VPIP2BSold)isa
scoredevelopedbyVadis.UsingBureauvanDijkdata,itmeasuresthelikelihoodofa
companytosoldinthenext18months.
Notethatthescorecanonlybecomputedforcompanieswhenrecentdetailedfinancialis
availableandiftheyarelocatedinoneofthefiftymainindustrializedcountries(seeadditional
conditionsbelow).
Thescorecantakethefollowingvalues:
VPI
Value
A5
A4
522
Assessment
Thecompanyisclassifiedinthetop2%ofcompaniesinitscountryhavingthe
highestprobabilitytobesoldwithinthenext18months.
Thecompanyisclassifiedbetweenthetop4%andtop2%ofcompaniesinits
Datadetails
countryhavingaveryhighprobabilitytobesoldwithinthenext18months.
A3
A2
A1
ThisscoreisnotavailableforallcompaniesincludedinOrbis.Ascoremaynotbeavailablefor
thefollowingreasons:
Thecompanyisnotpartofthetop10%ofcompaniesinitscountrydisplayingthe
highestprobabilitytobesold.
Ascoringmodelisnotpossibleforthecountryinwhichthecompanyislocated.
Thiscompanystatusissettobankruptorinactive.
Thereisnofinancialinformationavailableforthecompany.
Thereisnorecentdetailedfinancialinformationavailableforthecompany.
Thereisinsufficientfinancialinformationavailableforthecompany.
Onlylimitedfinancialinformationisavailableforthecompany.
Onlyoneyearoffinancialinformationisavailableforthecompany.
15.13.1.3
VadisPredictiveIndicator(VPI):EstimatedDealValue(EDV)
TheVadisPredictiveIndicatoronacompany'sestimateddealvalue(VPIEDV)isanestimate
developedbyVadis.UsingOrbisdata,itestimatesthefuturedealvalueofcompanies
associatedwithaP2Bsoldindicatorandisexpressedintermsofaconfidenceinterval(i.e.it
hasanupperandlowerbound).
ThisestimateisnotavailableforallcompaniesincludedinOrbis.Theestimateisonly
availableforcompaniesassociatedwithaP2BSoldindicator.
ForcompaniesassociatedwithaP2BSoldindicator,theVPIEDVmaybeunboundedforthe
followingreasons:
Lackofreliabilityoftheavailableinformationtoprovideanestimate.
Lackofavailableinformationtoprovideanestimate.
15.13.1.4
VadisPredictiveIndicators
15.13.1.4.1
Introduction
Foundedin2004,VADIS(ValueAddedDecisionIntelligenceService)isacompany
headquarteredinBrusselswithpresenceinBenelux,FranceandSwitzerland.VADIS
specializesindataminingtechnicsthatmeasureallpossiblecorrelationsbetweenallpossible
variableswithinlargerelationaldatabasesusinginductivemethodstocreaterobustpredictive
models.
VADIScomputesthreepredictiveindicatorsbasedonBvDdataandavailableinBvDproducts:
VadisPredictiveIndicatortoPropensitytobecomebankrupt(VPI
P2Bbankrupt):
Measuresthepropensityforacompanytobecomebankruptwithinthenext18
months.
TheindicatorrankscompaniesfromAtoF(Fbeingassignedtocompanieswiththe
highestpropensitytobecomebankrupt)forallcompaniesforwhichascorecouldbe
computedwhenrecentdetailedfinancialdataisavailablelocatedinoneofthefifty
523
OrbisUserGuide
mainindustrializedcountry.
Themethodologyusedtocomputethevaluesoftheindicatorensurescomparabilityof
companyratingsacrossdifferentcountries.
VadisPredictiveIndicatortoPropensitytobesold(VPIP2Bsold):
Measuresthepropensityforacompanytobesoldwithinthenext18months.
Theindicatorranksfrom1to5forthetop10%companiesforwhichascorecouldbe
computedwhenrecentdetailedfinancialdataisavailableforeachofthemainfifty
industrializedcountriesthatdisplaythehighestprobabilitytobesold.Eachranking
valuethereforerepresents2%ofthe10%ofthepopulationofeachcountrywith5
beingthe2%ofthecompaniesbeingthemostprobabletobesoldinthatcountry.
VadisPredictiveIndicatorforEstimatedDealValues(VPIEDV):
EstimatesthefuturedealvalueofcompaniesassociatedwithaP2Bsoldindicatorand
isexpressedintermsofaconfidenceinterval.
15.13.1.4.2
VPIPropensitytobeBankrupt(VPIP2Bbankrupt)
Vadisforecastingmodelshighlighttheriskofbankruptcyformillionsofcompaniesacross50
industrializedcountries.Theresultsareimmediatelyexploitableandareexpressedintheform
ofscoresrankedfromAtoFforeachcountry,withFbeingthemostriskyprofileandAthe
least.
Theratingiscountrybasedanddefinedusingglobalmarketaverageriskprobabilitiesina
locallyrankedpopulationaccordingtoinitialriskscores.Definingratingslocallybasedona
globalmarketoverviewenablestheratingstobecomparablebetweencountries.Inother
words,theratingofaCompanyAinCountry1iscomparablewiththeratingofacompanyB
inCountry2.Predictionsusingmodelswithglobalreacharethenlocalized.Themostrecent
testsshowthat70%ofalldeclaredbankruptciesoccurredforcompaniesrepresentingthetop
15%highestriskoneyearpriortothebankruptcyevent.
15.13.1.4.2.1 Coverage
Ascoreisavailableformillionsofcompaniesinmorethan50countries.
15.13.1.4.2.2 Ratingdefinitions
VPIValue
F
E
D
C
B
A
Definition
Thecompanybelongstothetop5%ofcompaniesinitscountryhavingthe
highestprobabilitytobecomebankruptwithinthenext18months.
Thecompanybelongstoabandofunstablecompaniesinitscountryhavinga
highrisktobecomebankruptwithinthenext18months.
Thecompanybelongstoabandofcompaniesinitscountryhavingamedium
risktobecomebankruptwithinthenext18month.
Thecompanybelongstothethirdbottombandofcompaniesinitscountry
representingrelativelylowriskofbankruptcywithinthenext18months,but
withahigherriskprobabilitythanthoseinratingB.
Thecompanybelongstothesecondbottombandcompaniesinitscountry
representinglowriskofbankruptcywithinthenext18months.
Thecompanybelongstothebottom25%ofcompaniesinitscountryhaving
thelowestrisktobecomebankruptwithinthenext18month.
15.13.1.4.2.3 Methodology
TheVPIP2Bbankruptpredictiveindicatorresultsfromthecombinationofthebestdata
mining,financialdataanalysisandpredictivemodelingpracticesfromVADIS.Theirapproach
524
Datadetails
hasprovenitsworthtimeandagainandisrecognisedasamongthebestpracticesinthedata
miningandknowledgediscoverysector.
Thekeyfactorstothissuccessfulmodelliein:
Howrichthedataisinitsabilitytocapturebankruptcyrisksymptoms.
Howthedataispreparedtoenableatimelyidentificationofthosesymptoms.
ThedatausedforcomputingtheVPIBankruptcyisstrictlybasedoncompanydatafrom
BureauvanDijk.Thequalityandlargecoverageofthedatabaseisessentialtothemodel.To
furtherenhancetheaccuracyofthemodel,BVDdatacoverageisdividedinto11countrysize
blocks:
Region
Size
Anglosaxon
Large&VeryLarge
Anglosaxon
Medium
Anglosaxon
Small
Westerncontinental
Large&VeryLarge
Westerncontinental
Medium
Westerncontinental
Small
Easterncontinental
Large&VeryLarge
Easterncontinental
Medium
Easterncontinental
Small
Scandinavia
Medium
Scandinavia
Small
Analyticaltemplatestostructurethedataandtransformitintoknowledgeareappliedtothe
originaldata,ensuringreliableandsoundresults.Ahistoryof2to5yearsofcompanies
financialdata,economicdataandgroupstructureisextractedfromthedata.Thistimeperiod
istakenoneyearbackfromabankruptcyeventyearforthosealreadybankruptcompanies.
Thisdatastructureenhancesthepredictivecapacityofthemodel.Inotherwords,thismodel
isbetteratpredictingabankruptcyatleastoneyearinadvance.
Thistransformationofdatatoknowledgeleadstothefollowingdimensions:
Allavailablefinancialandeconomicalinformationandratios,theirevolutionand
averagesacrosscompaniesandgroupsoflegallylinkedcompanies
Relativefinancialcomparablessegmentedbycompanysize,sector,countryandfiscal
year
Legallylinkedfunctionalgroupstructureindicators
Theprojectionofalltransformeddatatoabankruptcyspaceisachievedbyrecodingthe
bankruptcydensitiesineachdetaileddatadimensiontobettercapturethecorrelationofthe
datawiththebankruptcyprofiles.
ThebankruptcymodelsarebuiltwithrobustpredictivemodelingsoftwaredevelopedbyVadis.
Thebestmodelforeachcountrysizecategoryisselectedamongalargenumberofmodels
builtinthatcategoryandcrossvalidatedwithinthepopulation.
Thechoiceofamodelforscoringamongalltheavailablemodelsforeachsizesegmentofa
countryisbasedontwocriteria:
Thefirstchoiceisbasedonthebestpredictionperformanceofamodelwhenthereare
enoughbankruptcyeventsinthemostrecentyearinacountry.
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Whentherearenoornotenougheventsforvalidation,thechoiceofagoodmodelis
basedonthedistributionsimilaritiesofthemodelinputsandthescoresbetweenthe
buildpopulationandtheonefromthecountry.
15.13.1.4.3
VPIPropensitytobeSold(VPIP2Bsold)
VPIP2Bsoldprovidesatoolthathastheabilitytoidentifythepremisesofamergeroran
acquisitionoperationaheadoftime.
VIPP2Bsoldcovers4typesofdealtypeswithmajorityacquisition(i.e.over50%ofshares):
Acquisition,
InstitutionalBuyOut(IBO),
ManagementBuyOut(MBO)
ManagementBuyIn(MBI).
Withpredictionsreachingupto50%ofaccuracy,thequalityoftherecommendationsprovided
bythemodelisexceptionallyhigh.
15.13.1.4.3.1 Coverage
Ascoreisdeterminedforthetop10%ofcompaniesinmorethan50countriesdisplayingthe
highestprobabilitytobesold.Thetop10%ofcompaniesineachcountryisfurtherdivided
into5classesofequalsize.These5classesarenamedfromA1toA5,withA5beingthe2%
ofcompaniesdisplayingthehighestlikelihoodtobesoldinthatcountry.
15.13.1.4.3.2 Ratingdefinitions
VPI
Value
A5
A4
A3
A2
A1
Assessment
Thecompanyisclassifiedinthetop2%ofcompaniesinitscountryhavingthe
highestprobabilitytobesoldwithinthenext18months.
TheVPIP2Bsoldpredictiveindicatorresultsfromthecombinationofthebestdatamining,
financialdataanalysisandpredictivemodelingpracticesfromVADIS.Theirapproachhas
provenitsworthtimeandagainandisrecognisedasamongthebestpracticesinthedata
miningandknowledgediscoverysector.
Thekeyfactorstothissuccessfulmodelliein:
Howrichthedataisinitsabilitytocaptureacompanyacquisitiononthemarket
Howthedataispreparedtoenableatimelyidentificationofthosesymptoms.
ThedatausedforcomputingtheVPIP2BsoldisstrictlybasedoncompanydatafromBureau
vanDijk.Thequalityandlargecoverageofthedatabaseisessentialtothemodel.VPI
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Datadetails
P2Bsoldbasesitspredictionsonmodelswithglobalreachthatarethenlocalised,resultingin
themostpreciseandrobustindicatorspossible.
Tofurtherenhancetheaccuracyofthemodel,BVDdatacoverageisdividedinto8country
sizeblocks:
Region
Size
Anglosaxon
Large&VeryLarge
Anglosaxon
Medium
US
Large&VeryLarge
US
Medium
Continental
Large&VeryLarge
Continental
Medium
Scandinavia
Large&VeryLarge
Scandinavia
Medium
Analyticaltemplatestostructurethedataandtransformitintoknowledgeareappliedtothe
originaldata,ensuringreliableandsoundresults.Ahistoryof2to5yearsofcompanies
financialdata,economicdataandgroupstructureisextractedfromthedata.Thistimeperiod
istakenoneyearbackfromtheidentifiedrumourdateofacompleteddeal,indicatingthe
momentwherethecompanystructurehasachievedamaturitylevelformergers&
acquisitions(M&A).Thisdatastructureenhancesthepredictivecapacityofthemodel.Inother
words,thismodelisbetteratpredictingadealeventatleastoneyearinadvance.
Dataknowledgetransformationsleadtothefollowingdimensions:
Allavailablefinancialandeconomicalinformationandratios,theirevolutionand
averagesacrosscompaniesandgroupsoflegallylinkedcompanies
Relativefinancialcomparablessegmentedbycompanysize,sector,countryandfiscal
year
Legallylinkedfunctionalgroupstructureindicators
Theprojectionofalltransformeddatatoacompletedealspaceisachievedbyrecodingthe
dealeventdensitiesineachdetaileddatadimensiontobettercapturethecorrelationofthe
datawiththeM&Aprofiles.
TheM&AmodelsarebuiltwithrobustpredictivemodellingsoftwaredevelopedbyVadis.The
bestmodelforeachcountrysizecategoryisselectedamongalargenumberofmodelsbuiltin
thatcategoryandcrossvalidatedwithinthepopulation.Thebestmodelsarefurthertested
withcompleteddealeventsinthemostrecentyear.
Thechoiceofamodelforscoringamongalltheavailablemodelsforeachsizesegmentofa
countryisbasedontwocriteria:
Thefirstchoiceisbasedonthebestpredictionperformanceofamodelwhenthereare
enoughdealeventsinthemostrecentyearforaspecificcountry.
Whenthereareinsufficienteventsforvalidation,thechoiceofagoodmodelisbased
onthedistributionsimilaritiesofthemodelinputsandthescoresbetweenthebuild
populationandtheonefromthecountry.
15.13.1.4.4
VPIEstimatedDealValue(VPIEDV)
Inordertoprovidebetterinsighttoprofessionalsseekinginterestingopportunities,Vadis
producesanestimateddealvaluecalled"VPIEDV"forcompaniesthatdisplaythehighest
probabilitytobesoldineachcountry.Thisestimatereflecthowthemarketvalueseachfuture
deal.
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15.13.1.4.4.1 Coverage
TheestimateddealvalueiscomputedforcompanieswithsufficientdataassignedwithaVPI
P2Bsoldindicatori.e.forcompaniesrepresentingthetop10%ofcompaniesinacountrywith
thehighestprobabilitytobesold.
15.13.1.4.4.2 Value
TheestimateddealvalueVPIEDVisexpressedasconfidenceintervalinMillionsofEuros.
TheestimateddealvalueisproducedbyrefinedmodelingmethodologydevelopedbyVadis
usingrobustregressionforcontinuousvalues.
15.13.2
MoreRatings
15.13.2.1
MORERatings
15.13.2.1.1
Overview
TheMORErating(MultiObjectiveRatingEvaluation)isanassessmentofthecreditworthiness
ofacompany.Itgradescompaniesbasedonhowwelltheycanmeettheirfinancial
commitments.TheratingisavailableforallcompaniesinOrbis.
TheMOREratinghasbeendevelopedbymodeFinanceandisbasedonasnapshotofthe
companysfinancialhealth.Itisindependentfromthefinancialstructureofthedebt.
TheMOREratingisdividedintoinfourcategories:
Healthycompanies
Balancedcompanies
Vulnerablecompanies
Riskycompanies
Withinthesefourratingcategoriestherearetensubclasses,formoredetailsseethetable
below.
15.13.2.1.2
TheMOREmodel
TheMOREratingiscalculatedusingauniquemodelthatreferencesthecompanysfinancial
datatocreateanindicationofthecompanysfinancialrisklevel.
Theratingsarecomparableacrosscountriestwocompaniesfromdifferentcountrieswiththe
sameratinghavethesamecreditworthiness.
15.13.2.1.2.1 Probabilityofdefaultandlevelofconfidence
InadditiontotheMORErating,modeFinancealsoestimatestheprobabilityofdefaultand
providesalevelofconfidence.
Probabilityofdefault:
Itisthedegreeofcertainty(inquantitativeterms)thatthecompanywillgointodefault.
Astheprobabilityofdefaultisstronglyaffectedbytheeconomicclimatethecompanyis
operatingin,companiesinthesameMOREclasswillnotnecessarilyhavethesameprobability
ofdefault.
Levelofconfidence:
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Datadetails
Thisdoesnotindicatefinancialconfidenceinthecompany.Itisareflectionofthevariationsin
availabilityoffinancialdataacrossEuropeduetofilingregulations,andsuggeststhedegreeof
financialdetailtheMOREratingisabletotakeintoaccountforeachcompany.
Forcompanieswithfullypopulatedrecordsaconfidencelevelof100wouldbeapplied:
companieswherenofinancialdataisprovided,0.ThisputstheMOREratinginacontextfor
theuserandaidsinterpretation.
15.13.2.1.2.2 Morecreditlimit
MORECreditLimitistheestimationoftheamountofmaximumcreditthatispossibleto
assignonacommercialrelationshipwiththeanalyzedcompanywithanoutlookofoneyear.
Foreachcompany,modeFinanceutilisesthefollowingparameterstodeterminethelimit:
Size
YearsinBusiness
Averagenumberofsuppliers
Liquidityofthecompanyandthecomparisonwithitssector
Thefundsdedicatedtobepaidtosuppliers
Thelikelihoodthatacompanymaypayitsdebtsinthenext12months(MORE
Ratings).
Assuch,thecreditlimitofeachcompanyisdeterminedbythetotalcostofitssuppliers
dividedbythenumberofmajorsupplierscorrectedbytheparameterslistedabove.
Notes:
NocreditlimitisgivenforcompanieswithanextremelylowMORERating(CCCD
ratingclasses).Forsuchcompanies,thefollowingmessageisdisplayed:"Thefinancial
informationwehaveforthiscompanysuggeststheyarenoteligibleforcredit"
Forsomecompanies,thereisnotenoughdataavailabletobeabletocomputethe
creditlimit.Forsuchcompanies,thefollowingmessageisdisplayed:"Wedonthave
enoughfinancialinformationonthiscompanytoprovidea creditlimit"
Themodelfixesthemaximumcreditlimitforacompanyto50millionEuros.Ifbased
ondataavailableonOrbis,acompany'screditlimitexceedsthis50millionEuroslimit,
thefollowingmessageisdisplayed:"Thiscompanyqualifiesforourmaximumcredit
limitof50millionEUR".HoweverModeFinancecanbecontactedwithadditional
informationaboutthecompanytocomputeamoredetailedcreditlimitvalueif
necessary.
15.13.2.1.3
MOREratingsinpractice
TheMOREratingsareintegratedintotheOrbisdatabasesouserscanviewthemineach
companyreportaswellasincorporatingthemintotheirsearchesandanalyses.
Usersbenefitbybeingableto:
EvaluatethefinancialhealthofeachcompanyonOrbisusingboththeMORErating
andtheprobabilityofdefault.
Establishthemostcreditworthycompaniesinchosenmarkets/regions.
Comparethefinancialriskposedbycompaniesoperatinginthesamesectorand
countryoracrosssectorsandcountries.
Analysethefinancialcharacteristicsofaspecificsector,region,countryoruser
definedpeergroup.
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Ratingcategory
MORERating
AAA
Healthycompanies
AA
A
BBB
Balanced
companies
BB
B
Vulnerable
companies
CCC
CC
C
Riskycompanies
D
Assessment
Thecompany'scapacityto
meetitsfinancial
commitmentsisextremely
strong.
Thecompanyhasastrong
creditworthiness.
Thecompanyhasahigh
solvency.
Capitalstructureand
economicequilibriumare
consideredadequate.
Acompanyrated'BB'is
morevulnerablethan
companiesrated'BBB'.
Thecompanypresents
vulnerablesignalswith
regardtoitsfundamentals.
Thecompanyhasa
dangerousdisequilibriumon
thecapitalstructureandon
itseconomicandfinancial
fundamentals.
Thecompanyshowssignals
ofhighvulnerability.
Thecompanyshows
considerablepathological
situations.
Thecompanydoesnothave
thecapacitytomeetits
financialcommitmentsany
longer.
FormoreinformationontheMOREmodel,clickhere(PDF/20pages)
15.13.2.2
MORERatingsdefined
15.13.2.2.1
Solvencyratios
15.13.2.2.1.1 Leverageratio
Measurestheleveloftotalliabilitiesofthecompanyincomparisonwithequity
15.13.2.2.1.2 Assetstodebt
Indicatescompany'ssolvency.Thecompanyshowsalevelofdeficitwhenthevalueofthis
ratioisunderoneunit
15.13.2.2.2
Financial ratios
15.13.2.2.2.1 FixedAssetscoverageratio
Onlyforholdings.Itmeasuresthecapitalstructurei.e.whetheracompanycoversthefixed
assetswithlongtermcapital.
15.13.2.2.3
Liquidity ratios
15.13.2.2.3.1 Currentratio
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Thecurrentratiomeasureswhetheracompanyhassufficientshorttermassetstocoverits
shorttermliabilities.
15.13.2.2.3.2 Quickratio
Thequickratiocomparescurrentliabilitiesonlytothoseassetsthatcanbereadilyturnedinto
cash.
15.13.2.2.4
Profitabilityandeconomicratios
15.13.2.2.4.1 ReturnonInvestment(ROI)
Itmeasurestheprofitabilityofcompanyinvestmentswithoutregardtothewaythe
investmentisfinanced.
15.13.2.2.4.2 ReturnonEquity(ROE)
Itmeasurestheprofitabilityoftheequity.
15.13.2.2.4.3 Assetturnover
Itindicatestheinvestmentsturnoverwithregardtosales.Thelevelassumedfromtheratio
dependsonthesectorinwhichthecompanyoperates.
15.13.2.2.4.4 Profitmargin
Itindicatestheprofitabilityofthesales.
15.13.2.2.5
Interestcoverageratio
15.13.2.2.5.1 InterestPaidcoverage
Indicatetheabilityofthecompanytocoverinterestexpensesthroughtheeconomicmargins
(GrossprofitandEBIT)andthroughthecashflowfromoperatingactivities.
15.14Royaltydatabase
15.14.1
KtMinedataFrequentlyaskedquestions
Howarelicensorsidentified?
ktMINEanalystsrevieweachagreementtoensurethatthelicensor(s)areproperly
identified.Specialattentionisfocusedonthesekeysectionsineachagreement:recitals,
definitions,grantoflicenseandconsideration.Iftherelationshipofagreementpartiesis
unclear,theneachparticipantislistedunderlicensor(andlicensee)toensurethatnoneis
overlookedduringanagreementsearch.
Howarelicenseesidentified?
ktMINEanalystsrevieweachagreementtoensurethatthelicensee(s)areproperly
identified.Specialattentionisfocusedonthesekeysectionsineachagreement:recitals,
definitions,grantoflicenseandconsideration.Iftherelationshipofagreementpartiesis
unclear,theneachparticipantislistedunderlicensee(andlicensor)toensurethatnoneis
overlookedduringanagreementsearch.
HowarefilingcompaniesIDd?
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Filingcompaniesarethecompaniesthatfileanagreement,aswellasotherrequired
filings,withtheSEC.
HowdoesktMINEcapturetheEffectiveDateofanagreement?
ktMKINEsanalystslookfortheeffectivedateineachagreementtext.Ifthedateisnotin
thebodyoftheagreement,thentheylookforadateinthesignatureblocks.Ifthereisa
signingdate(s),thelatestdateisused.Ifthereisnosigningdate,theythenlookforthe
datewhenagreementwaswritten.Ifnodatecanbelocatedafterthisstep,thenthe
effectivedateislistedasUnknown.
WhatdatedoesktMINEassignforagreementswithoutaspecificmonthorday
notedintheagreement?
Ifanagreementcontainsayearonly,ktMINEanalystsassignaneffectivedateofJanuary
1.Ifanagreementcontainsayearandamonth,butnospecificdate,thenthefirstdayof
themonthisrecordedastheeffectivedate.Examples:
o Agreementsignedin2001=EffectivedateiscodedasJanuary1,2001
o AgreementsignedinMayof1998=EffectivedateiscodedasMay1,1998
o AgreementsignedJune23,2003=EffectivedateiscodedasJune23,2003
Thisensuresthatnoagreementthatmatchesyourothercriteriaisexcludedbasedonan
incompletedate.
Howwasexclusivityassigned?
ktMINEreviewsagreementdatatolookforthetermsexclusiveandnonexclusive.If
neitherappears,thentheagreementisassignedasnonexclusive.Ifoneormore
instancesofasinglevalueappears,thenonlythatvalueisassignedtotheagreement.If
atleastoneinstanceofeachvalue,thentheagreementisassignedasmultiexclusive.
Exclusive=Tiedtoonepartyorrelatedgroupofparties
Nonexclusive=Termsdonotallowforexclusiverelationship
Multiexclusive=Tiedtomultiple,nonrelatedparties
HowshouldIsetupmysearchtocaptureallexclusiveagreements?
Ifyouarelookingtofindagreementsthatareexclusive,thenchoosebothexclusiveand
multiexclusiveinsettingupyoursearchconditions.Agreementsthatarelabeledas
multiexclusivecontainatleastoneconsiderationthatisexclusive(aswellasatleastone
considerationthatisnonexclusive).
Howareterritoriesassigned?
Territoriesareassignedtoeachagreementbasedonthetermsofeachagreement.
Territoriesareassignedverbatim.
IfaninstanceofWorldwideisfoundwithoutanyothercountries,thenWorldwideis
assigned.Ifanyindividualcountriesarefound,theyareindividuallyassigned.Ifno
countriesarefound,thentheterritoryislistedasUnknown.
NOTE:InthefewinstancesthatanagreementstatedconditionssuchasWorldwide,
exceptforCountryName,theagreementwasonlyassignedasWorldwideinorderto
streamlineyoursearchprocess.
HowdoIensurethatmyterritorysearchincludesallpertinentagreements?
Yoursearchresultswillonlyincludematchedagreementsthatcontainthespecificarea(s)
youselectedintheagreementterritories.Example:ifyousearchforagreementscovering
Finland,yourresultswillNOTincludeagreementsthataresummedupasWorldwideor
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Datadetails
EuropeanUnion.IfyouwantagreementsthatapplytoFinlandonly,chooseFinland.If
youwantallagreementsthatmightcoverFinland,thenchoseFinlandplustheother
geographicalgroupsthatFinlandwouldbelongto,suchasWorldwideandEuropean
Union.
DoeseachIndustryincludetheentiresupplychain?
Yes.Forexample,searchingunderOilandGasindustry,yoursearchwillfindagreements
associatedwithcompaniesthatdistributenaturalgas,drillforoil,provideoilfield
services,internationalintegratedoilfirmsinvolvedwitheveryaspectoftheoilindustry,
domesticintegratedoilfirms,independentexplorationandproductionfirms,andrefining
andmarketingcompanies.
Whysearchbyindustryvs.SICcodes?
ThefilingcompanyassignstheirownSICcode(basedontheirindustry)whenfilingwith
theSEC.Sincethefilingcompanysindustrymaynotaccuratelyreflectthetruecontextof
theagreement,ktMINEanalystsrevieweachagreementandassignindustry
classification(s)foranythatarerelevanttotheagreement.
Howwereconsiderationscaptured?
ktMINEanalystsrevieweachagreementindetailandcaptureallconsiderationdetails.
Thenallconsiderationdetailsarebrokendownandsorted.Tieredroyaltyratesare
individuallybrokenoutandsearchable,withanexplanationoftheconditionsandlevels
setforeachtiercapturedinthemodifierdetails.Additionally,thefulltextofall
considerationblocksisalsosearchableviatextsearch.
WhatdoesCommonBasemean?
Eachagreementusesitsownlanguagetoexplaincompensation.Inordertosimplifythe
researchprocess,ktMINEanalystsrolledsimilarbasevariablesintoacommonbase
category.Forexample,ourcommonbaseofNETSALESincludesvariablessuchasNET
REVENUE,NETSALESPRICE,BUYERSREVENUES,NETSALESVALUE,andNETSELLING
PRICE.Thiscommonbasealsoallowstoprovidemeaningfulstatisticalanalysisof
agreements.
HowcanIfind"Other"considerations?
ktMINEanalystscaptureallconsiderationblockdetailsduringtheirreviewprocess.This
includesconditionalconsiderationsandfeesthatdonotrepresentguaranteedpayments,
suchasminimumpaymentsaswellasconsiderationsandfeesforadditionalavailable
servicessuchasadvertisingsupport,technicalsupportandadministrativesupport.
Additionally,anyOtherconsiderationsthatarepartofanagreementareautomatically
listedwiththefixedandvariableconsiderationsdatashownontheagreementsummary.
WhatisanAssignedKeyword?
ktMINEanalystsrevieweveryagreementindetailandassignkeywordsthatserveas
identifiersorbuzzwordsthatcanaccuratelydescribetheintangibles/servicesthatare
beinglicensed/providedineachagreement.Thekeywordsaretiedtoimportantpiecesof
informationrelatedtotheproducts/serviceswhicharebeinglicensed,notjustgeneral
terms.ktMINEkeywordsarerelatedtothelicensedintangibleaswellastheproductsthat
theintangiblesrelateto.
CanIsearchforAssignedKeywordsusingthetextsearch?
Yes.Forinstance,ifyouarelookingforanyagreementsassociatedwithproductsrelated
to"blood,"youcanenterthetermintheeditbox.Thesystemwilllookacrosstheentire
databaseofassignedkeywordsforagreementsmatchingthewordblood.Thematched
resultswillbepresentedasasteponoursearchsummaryjustlikeanyotherfilter.The
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extravaluehereisthatktMINEanalystshavealsoassignedmanyotherrelevanttermsto
thematchedagreements.
HowspecificshouldIbeinsearchingforakeyword?
Youcanbeasspecific,orasbroad,asyouwouldlike.ktMINEanalystscapturevery
specificterminologyandalsotryincludemorecommonterminologythatusersmight
searchunder.Forexample,oneagreementlicensingcertainrightsregardingadrugto
treatcardiovasculardiseaseonlyhadthebrandnameofthedruglisted(Enoximone)as
wellassometechnicalmedicallanguage.ktMINEanalystsresearchedtheproductbeing
licensedandthendevelopedamorecomprehensivelistofwordstodescribethecontext
ofwhatwasbeinglicensedviathisagreement.
SomeofktMINE'sassignedkeywordsforthisagreement:
o
o
o
o
o
o
o
o
o
o
o
o
Enoximone
phosphodiesterase
imidazole
inhibitor
congestive
heart
failure
disease
disorder
intravenous
pharmaceutical
salts
15.14.2
Agreementtypes
15.14.2.1
AssetPurchase
Documentinvolvesthepurchaseofcertainassetsofonecompanybyanother.Theagreement
willcoverspecificassetsortheentireassetsoftheseller.
15.14.2.2
CrossLicense
Twopartieslicenseintangiblepropertytoeachotherinordertosellanexistingproduct.
15.14.2.3
Distribution
Agreementwhichlicensestherightsunderthepatentsandtrademarkstodistributeand
marketaproductorincludeaproductasaninputintoanothermarketableproduct.Therights
forthelicenseetomanufactureproductsusingthetrademarkorpatentsisstrictlynot
granted.
15.14.2.4
Franchise
Thecompletelicensingofallaspectsofabusinesssystem,includingmethodsandpracticesof
abusinessphilosophy.
15.14.2.5
JointDevelopment
Twopartieslicenseintangiblepropertytoeachotherinordertodevelopaproduct.
15.14.2.6
Manufacturing/ProcessIntangible
Licenseislikelytogranttherighttouseanyofthefollowinginthemanufactureofaproduct:
534
Patents
Processes
Knowhow
Technicalinformation
Recipes
Datadetails
Formulations
Trainingmaterials
15.14.2.7
MarketingIntangible
Licenseislikelytogranttherighttouseanyofthefollowing:
Trademarks
Tradenames
Tradedress
Copyrights
Servicemarks
Logos
15.14.2.8
Other
Leases,publisherslicenseagreements,financialindex,broadcastingagreements
15.14.2.9
Service
Forserviceagreements,paymentistypicallymadebasedoncostandthereisnoownership
pertainingtoanintangible.Thesewillalsoincludesalesagentagreementsandbuyingagent
agreements.Aservicesagreementisenteredintobetweenaserviceprovider(Licensor)anda
receiverofservices(Licensee).Generallycoverscompensationfortheprovisionofservices
includingmarketing,Researchanddevelopmentandmanagementservices.
15.14.2.10
Software
Licensefortherighttoutilizeasoftwareproduct,sourcecodeorobjectcodeforinternaluse
orcommercialsale.
15.14.3
Royaltyrates
15.14.3.1
Level
License,Sublicense,orReferral(agreementsthatissueafeeorpercentageallowedtoasales
representativeoranagentforservicesrendered).
15.14.3.2
Base
Thefactorsthatanycompensationrelatedtotheagreementiscalculatedon,including:Gross
Sales,NetSales,Cost,GrossProfit,OperatingProfit,NetProfit,Cash,Assets,Equity,Per
unit
15.14.4
ktMINEindustryclassification
15.14.4.1
Advertising
Thisclassificationcoversthelicenseofintangiblepropertyrelatedtothefollowing:
Mediaadvertising,includingtelevision,radioandcinema/movie
Creationofcommercials
Billboardadvertising,includingsigns,benches,subwayplatformsandtrains
Magazineandnewspaperadvertising
Flyeradvertising
Infomercials
WorldWideWebadvertisingsuchasspam,banners,adwordsandpopups
Covertadvertising(e.g.,includingaproductorbrandnameinmovies)
Products,equipment,andsoftwareusedbythisindustrysestablishments
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Otherrelatedproductsandactivities
15.14.4.2
Agribusiness
Farming
Seedsupply
Agrichemicals
Commoditiesgrowing
Commoditiesprocessing
Fertilizer
Dairyproductproducers
Meatprocessors
15.14.4.3
AlcoholicBeveragesandTobacco
Alcoholicbeverages,includingbeer,wineandspirits
Tobacco,includingcigarettes,cigarsandsmokelessproducts
Recipesandformulas
15.14.4.4
AlternativeandRenewableEnergy
Alternativeenergy,definedasenergiesthatarenontraditionalandhavelow
environmentalimpact
Solarpower
Windpower
Hydroelectricpower
Biofuels
15.14.4.5
Biotechnology
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Geneticsresearch
Molecularbiology
DNAtechniques
Datadetails
Otherrelatedproductsandactivitiesusedinmedicaldiagnostics,pharmacology,
forensics,agriculture,foodprocessingandenvironmentalcontrol
15.14.4.6
BroadcastandCable
Broadcasttelevision
TelevisionnetworkssuchasABC,CBS,CNN,NBCandFOX
Networkaffiliates,suchasthevariousnewscompaniesaffiliatedwithCNN
Broadcastradio
Televisionsystemoperators,includingterrestrialandsatelliteproviders
Radiosystemoperators,includingterrestrialandsatelliteproviders
Broadcastinternet
Otherrelatedproducts,servicesandactivities
Pleasenote:contentisnotincludedinthisclassification.
15.14.4.7
BusinessServices
Accountingservices
Consultingservices
Legalservices
Telecommunicationservices
Informationtechnologyservices
Businessservicesprovidedthroughsoftware
Researchservices
Leasingservices
Businessandprofessionalassociations
Otherrelatedservicesandactivities
15.14.4.8
Chemicals
Basicchemicals
Specialtychemicals,suchaspaintsandcoatings
Industrialgases
Organicchemicals
Plastics
Fertilizers
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15.14.4.9
ComputersHardwareandSoftware
Personalcomputersandperipherals
Businesscomputersandperipherals
Businesssystemsandsystemsintegration
Software
15.14.4.10
Construction
Buildingorassemblingofinfrastructure,suchasroads,damsandrailroads
Addingstructuretoproperty,includingpersonalpropertyandpublicproperty
15.14.4.11
ConsumerDurables
Hardgoodsintendedtolastmorethanafewyears
Appliances
Electronicequipment,includingaudio/visualequipment
Furnitureandhomefurnishings
Housewares
Constructionhardware,toolsandmaterials
Sportingandrecreationgoods,suchasbicycles,billiardsequipment,camping
equipment,firearmsandammunition,gardeningsupplies,golfequipment,pool
equipment,skiingequipmentandunderwatersportsequipment
Toysandhobbygoods,suchascraftandhobbykits,dolls,gamesandmodels
Videogames
Movies,includingDVDs
Jewelry,watches,stonesandrelatedproducts
Otherrelatedproducts
Pleasenote:thisclassificationdoesnotcoverthelicenseofintangiblepropertyrelatedto
computers,computerequipmentandautomobiles.
15.14.4.12
ConsumerNonDurables
538
Softgoodsintendedtolastlessthanafewyears
Datadetails
Householdcleaningproducts
Paperandpaperproducts
Personalcareproducts
Textiles
Apparel,clothingandrelatedaccessories
Footwear
Books,periodicalsandnewspapers
Posters
Flowers
Paintsandvarnishes
15.14.4.13
ConsumerServices
Carwashes
Childcarefacilities
Drycleaningandlaundryfacilities
Repairservices
Haircareservices
Legalservices
Pestcontrolservices
Photographyservices
Talentagencies
Taxiandlimousineservices
Realestatebrokerageservices
Consumerbankingandfinancialservices
15.14.4.14
Education
Schoolsandeducationalservices
Onlinetrainingandeducation
Materialutilizedbyschoolsandeducationalservices
Otherrelatedservices,activitiesandproducts
15.14.4.15
ElectricUtilities
539
OrbisUserGuide
Electricityplants
Nuclearpowerplants
Coalplants
Products,equipmentandsoftwareusedbythisindustrysestablishments
15.14.4.16
Entertainment
Movies
Theatricalplaysandmusicals
Comedyevents
Sportingevents
Danceevents
Musicevents,includingliveconcerts
Otheraudio/visualmediaavailableliveaswellasviatheweb,television,radioand
relatedmediums
15.14.4.17
EnvironmentalandWasteManagement
Watersupplyandtreatment,includingwastewatertreatment,watertreatment
equipmentandchemicalsandcontractoperationofwatersupplyandtreatment
facilities
Solidwasteandhazardouswastetreatmentcenters
Airpollutioncontrolandmonitoring,includingvehicleandindustrialemissionscontrol
equipmentandchemicals,aswellasmonitoringservices
Environmentalremediationservices
Recyclingfacilitiesandprograms
15.14.4.18
FinancialServices
Diversifiedfinancialservices
Bankholdingcompanies
Commercialbanks
Consumerbanks
540
Datadetails
Investmentservices
Brokerageservices
Clearinghouseservices
Portfolioandwealthmanagement
Savingsandloans
Realestateinvestmenttrusts
Foreignexchangeservices
Insuranceservices,excludinghealthinsurance
Reinsuranceservices
Creditunions
15.14.4.19
FoodandNonalcoholicBeverages
Foodandnonalcoholicmanufacturers
Foodandnonalcoholicpackagers/bottlers
Recipesandformulas
15.14.4.20
Gaming
Casinos
Onlinecasinos
Offtrackbetting
Lottery
15.14.4.21
HealthcareFacilities
Hospitals
Acutecare,rehabilitationandpsychiatricinstitutions
Nursinghomesandassistedlivingfacilities
Homehealthcareservices
541
OrbisUserGuide
Pleasenote:thisclassificationcoversthelicenseofintangiblepropertyrelatedtobothhumans
andveterinaryuse.
15.14.4.22
HealthcareInsurance
Managedcareorganizations
Healthmaintenanceorganizations
Preferredproviderorganizations
Managedfeeforserviceplans
Otherhealthinsuranceproviders
15.14.4.23
HealthcarePharmaceutical
Prescriptiondrugs,includingbrandnameandgenericproducts
Nonprescriptiondrugs,suchasoverthecounterproducts
Nutritionalsupplements
andveterinaryuse.
15.14.4.24
HealthcareProductsandSupplies
Medicaldevices,includingcardiologyproducts,diagnosticimaging,orthopedicsandin
vitrodiagnostics
Medicalsupplies,includingstints,gowns,gauzeandneedles
Surgicalandmedicalinstruments
Medical,hospitalanddentalequipment
andveterinaryuse.
15.14.4.25
IndustrialEquipmentandMachinery
542
Flowcontrolproducts,includingpumpsandvalves
Electricalequipmentandcomponents
Datadetails
Industrialautomationequipment,includingrobotics,sensorsandprogrammable
controllers
15.14.4.26
Internet
Internetserviceproviders
Searchengines
Internetbasedcompanies
Ecommercecompanies
Websitedownloads
Onlineapplications
Otherrelatedinternetservices,activitiesandproducts
15.14.4.27
Metals
Manufactureandsaleofsteel
Manufactureandsaleofaluminum
Metalfabricationandcasting
Sheetmetalwork
Metalstamping
Millwork
15.14.4.28
Mining
Miningofore,includingiron,copper,lead,zinc,goldandsilver
Explorationservices
15.14.4.29
OilandGas
Naturalgasdistribution,includingprocessing,wholesaletransmission(including
"midstream"pipelinecompanies)andretailtransmission(including"downstream"
traditionalutilitiesorlocaldistributioncompanies)
Oildrilling
543
OrbisUserGuide
Oilfieldservices,includingevaluatingservices
Explorationservices
Productionservices
Transportationservices
Refiningservices
15.14.4.30
PaperandForestProducts
Paperforusesincludingprinting,writing,newspaperandtissue
Paperboard,containerboardandboxboard
Wood/lumberproducts
Forestharvesting
15.14.4.31
PublicSafety
Forensics
Protectionsystems,includingthoseinairports,malls,publicareas
Securitysystems
GPSandlocatorsystemsandservices
Xraydetectionequipment
Police,firedepartmentandambulanceservices
Homelandsecurityproducts
15.14.4.32
Publishing
544
Productionanddisseminationofliterature,mediaandrelatedproducts
Newspapers
Magazines
Books
Music
Movies
Datadetails
Digitalmedia
Videogames
15.14.4.33
Restaurants
Foodserviceestablishments
Fastfoodrestaurants
Buffetrestaurants
Familyrestaurants
Dininghalls
Pleasenote:thisclassificationdoesnotcoverthelicenseofintangiblepropertyrelatedtothe
productssoldbyorattheseestablishments.
15.14.4.34
Retail
Departmentstores
Generalmerchandisers
Discountstores
Specialtystores
Conveniencestores
Onlineretailers
Kioskretailers
Supermarketsandfoodstores
Pharmaciesanddrugstores
Liquorstores
Pleasenote:thisclassificationdoesnotcoverthelicenseofintangiblepropertyrelatedtothe
productssoldbyorattheseestablishments.
15.14.4.35
Semiconductors
Digitalandanalogsemiconductors
Electronicpartsmadefromsilicon,includingthoseusedincomputers,televisions,
radiosandautomobiles
Microprocessors,includingdigitalsignalprocessors
Memorydevices,includingDRAMs,SRAMsandflashmemory
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OrbisUserGuide
Analog,includingamplifiers,regulators,convertersandinterfacedevices
Semiconductorequipment,includingwaferprocessingequipment,semiconductortest
systemsandmonitoringsystems.
15.14.4.36
Telecommunications
Wirelessequipment,productsandservices,includingcellularwirelessservice
providersandbroadbandservices
Wirelineequipment,productsandservices,includinglocalexchangecarriersandlong
distancecarriers
Communicationsequipment,includingthoseusedbycommunicationcompaniesand
consumers
Networkingsolutions
15.14.4.37
TransportationEquipmentandParts
Equipmentandpartsrelatedtoairplanes,trains,automobiles,trucks,boatsandany
othertransportationvehicles
Transportationtechnology,suchasfuelcells,alternativeenergy
Spaceprogramvehicles,equipmentandparts
Militaryvehicles,equipmentandparts
Defensevehicles,equipmentandparts
15.14.4.38
TravelandRecreation
546
Travelservices
Hotelsandresorts
Golfcoursesandresorts
Cruiselines
Travelagents
Vacationclubs
Themeparks
Retreatcenters
Datadetails
15.15Stockdata
15.15.1
Stockdataoverview
StockdatainformationisincludedonOrbis.Aspecificsectioninthereportcoversthestock
datainformationattachedtolisted(anddelisted)companies,coveringsecurityandprice
information,aswellashistoricalstockdataandvaluation.
MostinformationissourcedfromFININFO.Itiscomplementedbyinformationsourced
internallybyspecialistsatBvD.
ThelistedstatusonOrbisreferstothecompanyslistedequity.Onlycompanieswith
securitiesrepresentingequitycapitalarenamedlistedcompaniesonBvDproducts.
Equitycapitalcanberepresentedbyseveraltypesofsecurities,mainlyshares(ordinary,
preferred),units,participationcertificates,etc.
Orbisproductsconsider3listingstatus:
Listed:
Companieswithlistedequitycapital
Delisted:
Companieswhoseequityhavebeenlistedbutwhich nolongerhaveanylisted
securityrepresentingcapital.Ifacompanysequityisrepresentedbyseveraltypesof
shares,BvDwillconsiderthatthecompanyremainslistedevenifoneoranother
typeofsharedisappears
Unlisted:
Companieswhichhavenot,noreverhadlistedequity.Companieswithbondsthatare
listedareconsideredasunlistedinBvDproducts.
Formostlistedcompanies,thereonlyexistsonetypeofsecurityrepresentingequitycapital.
However,insomecountries,likeSwitzerland,Scandinaviancountries,Brazil,itisnotseldom
tohavecompaniesequityrepresentedbyseveraltypesofsecurities.
Foreachcompany,BvDidentifiesamainsecurity.Thismainsecuritycorrespondseitherto
thesecurityrepresentingmostpartofthecompany'stotalequityortheonethatisthemost
activelytraded.
BvDrecordshistoricalevolutionofstockpricesandnumberofshares.
Theseare,whennecessary,adjustedforcorporateactionssuchasstocksplitsorreverse
stocksplits.Whensuchactionstakeplace,allhistoricaldataisadjustedasifthesecurityhad
existedinthepastasitexiststoday.
Companies'marketcapitalisationarealsocalculatedinBvDproducts.Itistheresultofthe
multiplicationofthestockpriceandthenumberofshares.Asoftoday,themarket
capitalisationonlyconsidersthemainsecurityforeachcompany.Thisleadstounder
evaluationsforthecompanieswhoseequityisrepresentedbymorethanonesecurity
(companieswithmultipleshares).Pleasenotehowever,thatthereisnounderevaluationfor
companieswithdepositoryreceipts(suchasADR,forinstance)asthesecertificatesrepresent
acertainnumberofthoseshareswhicharealreadytakenintoconsiderationwhencalculating
themarketcapitalisation.
Weforeseetoovercomethisissuewithmultiplesharesinthefuture,itiscurrentlyunder
investigation.
15.15.2
FormulaforStockDataRatios
Ratiolabel
Earningsper
share(EPS)
Industry
35904NetIncome/No.
outstandingshares
Bank
35904NetIncome/No.
outstandingshares
Insurance
35904NetIncome/No.
outstandingshares
547
OrbisUserGuide
CashFlowper
share
Dividendsper
share
BookValueper
share
Capexpershare
Op.
Rev./Turnover
pershare
Op.Profitper
share
30295CashFlow/No.
n.a.
outstandingshares
'13046'Ord.Dividends/No. 46830Dividends/No.
outstandingshares
outstandingshares
35902Shareh.Funds/No. 35902Shareh.Funds/No.
outstandingshares
outstandingshares
(15515Add.toFixedAssets n.a.
/Assetdisp.)/No.
outstandingshares
35903Op.Rev./Turnover/ 35903Op.Rev./Turnover/
No.outstandingshares
30235OperatingP/L/No.
outstandingshares
TangibleBook
Valuepershare
LTLiabilitiesper
share
Workingcapital
pershare
P/Eratio
Earningsyield
ratio
Price/CashFlow
ratio
DividendYield
DividendPayout
pershare
Price/BookValue
ratio
n.a.
n.a.
35902Shareh.Funds/
n.a.
35903Op.Rev/Turnover/
(46640Tot.operatingInc. 291113ProfitbeforeTax/
46710Tot.operatingExp.)/ No.outstandingshares
(35902Shareh.Funds
(35902Shareh.Funds
45600IntangibleAssets)/ 218600Goodwill)/No.
outstandingshares
(35902Shareh.Funds
30040IntangibleFixed
Assets)/No.outstanding
shares
30075NonCurrentLiab./ n.a.
n.a.
30110WorkingCapital/No. n.a.
n.a.
outstandingshares
Marketprice/Earningsper Marketprice/Earningsper Marketprice/Earnings
share
share
pershare
(Earningspershare/Market (Earningspershare/Market (Earningspershare/
price)*100
price)*100
Marketprice)*100
Marketprice/CashFlowper Marketprice/CashFlowper Marketprice/CashFlow
share
share
pershare
(Dividendspershare/
(Dividendspershare/
(Dividendspershare/
Marketprice)*100
Marketprice)*100
Marketprice)*100
(Dividendspershare/
(Dividendspershare/
(Dividendspershare/
Earningspershare)*100
Marketprice/BookValue
pershare
pershare
pershare
15.15.3
Stockdatareportsections
15.15.3.1
Securityandpriceinformation
15.15.3.1.1
Keydata
TheNumberofoutstandingsharesandtheCurrentmarketcapitalisation(expressedinthe
currencyofthestockprice)arekeystockdata.
Thedateofthestockpriceonwhichthedataarebasedismentionedbetweenbrackets.This
isthedateofthelastavailableclosingpriceintheWeeklypricingseriessection.
15.15.3.1.2
Securityinformation
Typeofshare
ISINNumber
Ticker
NominalValue
StockExchange(s)Listed:
Themainexchangeonwhichthecompanyislistedisputontopofthelist.Thesecondary
stockexchangesonwhichthecompanymaybelistedcomebelowinalphabeticalorder.
548
Datadetails
Note:Itispossiblethatnotallsecondarystockexchangesforthecompanyarelistedbut
onlyaselectionispresented.
StockIndexInformation:
Theindicesinwhichthecompanyisincludedarelistedinalphabeticalorder.Theweight
ofthestockineachindexisgivenforeachindexwhenavailable.
IPOdate:
Thedateofthefirstlistingofthecompany(Note:notnecessarilyonthemainstock
exchange).
15.15.3.1.3
MarketPrices
TheMarketpricesasfoundonthemainstockexchange,attheclosingdate(lastworkingday)
ofeachmonthfordifferentyears,theCurrentmarketprice(ie,thelastavailableclosingprice
oftheWeeklypricingseriessection),andtheYeartodateHighandLowmarketprice(highest
andlowestpricesincethestartofthecalendaryear)canbefoundhere.
15.15.3.1.4
PriceTrends
Pricetrendsovervariousperiodscanbeconsulted:
Lastweek:
Theevolutionbetweenthecurrentmarketprice*andtheclosingpriceoftheweekbefore.
Fourweeks:
Theevolutionbetweenthecurrentmarketprice*andtheclosingpricesoffourweeks
before.
13weeks:
Theevolutionbetweenthecurrentmarketprice*andtheclosingpriceofthirteenweeks
before.
Quartertodate:
Theevolutionbetweenthecurrentmarketprice*andtheclosingpriceof thelatest
quarter(ofthecalendaryearinrelationtothecurrentmarketprice*).
Quartertoquarter:
Theevolutionbetweentheclosingpriceofthelatestquarter(ofthecalendaryearin
relationtothecurrentmarketprice*)andtheclosingpriceofthepreviousquarter.
Yeartodate:
Theevolutionbetweenthecurrentmarketprice*andtheclosingpriceatthefirstworking
dayofthecurrentyear.
52weeks:
theevolutionbetweenthecurrentmarketprice*andtheclosingpriceof52weeksbefore.
*ThecurrentmarketpriceasprovidedintheSecurity&PriceInformationsectionitisthesameas
thelastavailableclosingpriceintheWeeklypricingseriessection.
15.15.3.1.5
Beta
OnBvDproductsthebetavalueiscalculatedfor1month,3monthand1yearperiods,with
eachreferenceindexandthecorrelationcoefficientforeachperiodclearlynoted.TheBvD
productsoftenproposemorethanoneindexwhichcanbeinterestingforacertaincountryor
specificcompaniesinacountry.
Thebetaiscalculatedonaweeklybasis,andconsiderstheclosingdateoftheweek.Forthe
calculationsaglidingsystemisused.
E.g.Say14/4istheendoftheweekthebetaisbeingcalculatedoverthetimeperiod14/1
14/4forthethreemonthsbeta.Attheendofthefollowingweek,thebetaisbeingcalculated
549
OrbisUserGuide
overthetimeperiod21/121/4forthethreemonthsbeta.Fortheonemonthbetathe
calculationwouldbemadeoverthetimeperiod14/314/4and21/321/4.Andsoon.The
sameprinciplecountsfortheoneyearbeta.
15.15.3.1.5.1 Formulaofthebeta
Usedinthemethodologyoftheanalysisofthereturnandthepriceofafinancialasset,the
betaisobtainedbytherelationshipbetweentwostatistics:
Thecovarianceofthereturnsofthestockandthereturnsofanindex
Thevarianceofthereturnsoftheindex
Thecorrelationcoefficientallowsmeasuringtheintensityoftheexistingcorrelationbetween
thereturnsofthestockandthereturnsoftherelatedindex.
TheformulausedforthecalculationofthebetaontheBvDproductsistheclassicalformula
forbetacalculation:
Cov
[Returnstock,
Returnindex]
Var
[Returnindex]
Remarks:
Overthecalculationperiod,alldividendspaidbythecompanyaresearchedfor.At
eachdatethedividendfalls,thefirstpriceissearched(FirstPDiv).Ifthereisnorating,
thefirstquoteofthefirstpriceafterthedatewhenthedividendwaspaidissearched.
Theseriesofrelations(Dividend/FirstPDiv)overtheperiodareintegratedinthe
calculationofthereturnofthestock.
Thebetaisasimplebetaitisnotadjustedforthedegreeofleverageinthefirms
capitalstructure.
15.15.3.1.6
EquityPriceVolatility:
OnOrbisproductstheequitypricevolatilityiscalculatedfor10,30,50,100andalso360
days.Pleasenotetheseareworkingdays.
Theequitypricevolatilityiscalculatedasthestandarddeviationofthelogarithmofeach
individualtradingday'sequitypricemovementforlast10,30,50,100or360tradingdays.
E.g.The360dayvolatilityasofaspecificdateistheunbiasedstandarddeviationofthe359
mostrecentlogarithmicdailyreturns,multipliedbyan"annualisation"factor(whichis260,
sincethereare260workingdaysinacalendaryear).
Thelogarithmicdailyreturnisthe(natural)logofthedivisionoftwochronologicallyadjacent
prices.
Thestepsinvolvedare:
1. Formtheseriesofstockprices.
2. Dividethecurrentobservationofthestockpricebythepriorobservation,andtakethe
naturallogoftheresult.
3. Takethestandarddeviationofthemostrecent359observationsfromtheseriesoflog
returns,andmultiplythisnumberbythesquarerootof260togiveourresult.
Example
Thefollowingisacalculatedexampleof4dayvolatility:
550
Datadetails
26/01/00
Price
Dividing
NaturalLog
Standarddev.
25/01/00 24/01/00 23/01/00
2.59
1.0319
0.0314
0.0454
2.51
1.0000
0.0000
2.51
0.9436
0.0580
2.66
Note:AllfiguresinthestockdatasectionshavebeenadjustedbasedontheStock
Split/Dividendratio.
ThismeansthatthefiguresonOrbisareadjustedtoallkindsofequitychanges:stocksplit,
reversesplit,bonus,capitalincrease,...
TheadjustmentfactorisdisplayedinsectionAnnualstockdata:itisnamedStock
Pastfiguresforstockprices,numbersofoutstandingshares,persharedataappearasifthe
equityhasalwaysexistedinitspresentform.
15.15.3.2
Currentstockdata
Current number of common shares outstanding, and Current market capitalisation in local
currencyandUSD.
The current date is the date of the last available closing price in the Weekly pricing series
section.
Thissectionalsoincludesseveralratiosattheclosingdateofthelastavailableyearlyfinancial
accountsofthecompany:
EarningsperShare
CashFlowperShare
DividendsperShare
BookvalueperShare
Notes:
TheformulaforthestockdataratioscanbefoundinthetableStockDataRatios.
AllfiguresinthestockdatasectionshavebeenadjustedbasedontheStock
ThismeansthatthefiguresonOrbisareadjustedtoallkindsofequitychanges:stock
split,reversesplit,bonus,capitalincrease,...
Pastfiguresforstockprices,numbersofoutstandingshares,persharedataappearas
iftheequityhasalwaysexistedinitspresentform.
Ifmultipleequitychangeshaveoccurredinthepast,thecoefficientscorrespondingto
theseconsecutivechangesarecombined.
15.15.3.3
AnnualStockData
Stockdatainformationforseveralyearsattheclosingdateofeachyearsfinancialaccounts:
StockSplit/DividendRatio:
Theadjustmentfactorincaseofastocksplitorreversesplit.Forinstance,ifa
securityhasbeendividedby10foracertainyear,avalueof0.10ismentionedas
adjustmentfactor.
MarketPriceYearEnd:
Closingpriceattheclosingdateofthefinancialaccounts.
551
OrbisUserGuide
MarketPriceYearHigh:
Thehighestclosingpriceoveraperiodof12months.
MarketPriceYearLow:
Thelowestclosingpriceoveraperiodof12months.
Sharesoutstanding:
Thenumberofoutstandingsharesattheclosingdateofthefinancialaccountsofthe
company.
NominalValue
MarketCapitalisationexpressedinthecurrencyofthestockprice.
ShareholdersCommon:
ThisisthevalueforNumberofcommon/ordinaryshareholders.
EarningsperShare
CashFlowperShare
CapitalExpenditureperShare
OperatingRev./TurnoverperShare
OperatingProfitperShare
DividendsperShare
BookvalueperShare
TangibleBookvalueperShare
LongTermLiabilitiesperShare
WorkingCapitalperShare:
30110WorkingCapital/39205No.outstandingshares.
Notes:
TheBvDdefinitionofGlobalFormatitem"30110WorkingCapital"ismorerestricted
thanthegeneraldefinition(i.e.CurrentAssetsCurrentLiabilities).Item30110
WorkingCapitalonlyincludesTradeDebtors+StocksTradeCreditors.Othershort
termassets(suchasothercurrentassets,prepaidexpenses,deferredcharges,...)and
liabilities(suchasothershorttermdebt,othercreditors,...)arenotincluded.
ThegeneraldefinitionisfollowedbyGlobalFormatitem"30112NetCurrentAssets"
andWVBratio"15001NetWorkingCapital".
15.15.3.4
552
CurrentStockValuation
Datadetails
SeveralratioscalculatedbasedontheCurrentstockdatavalues(fromtheSecurity&Price
informationandCurrentstockdatasections):
Price/EarningsratioCurrent
Price/EarningsratioCurrentHigh:
TheYeartodateHighmarketpricedividedbyEPS.
Price/EarningsratioCurrentLow:
TheYeartodateLowmarketpricedividedbyEPS.
EarningsYieldCurrent
EarningsYieldCurrentHigh:
EPSdividedbytheYeartodateHighmarketprice.
EarningsYieldCurrentLow:
EPSdividedbytheYeartodateLowmarketprice.
Price/CashFlowRatioCurrent
DividendYieldCurrent
DividendPayoutperShareCurrent
Price/BookValueRatioCurrent
Notes:
15.15.3.5
Annualstockvaluation
SeveralratioscalculatedbasedontheAnnualstockdatavalues(fromtheAnnualstockdata
section)forseveralyearsattheclosingdateofeachyearsfinancialaccounts:
Price/EarningsRatioClose
Price/EarningsRatioHigh:theYearHighmarketpricedividedbyEPS.
Price/EarningsRatioLow:theYearLowmarketpricedividedbyEPS.
Price/EarningsRatioAverageHighLow:theaverageoftheYearHighandYearLow
marketpricesdividedbyEPS.
EarningsYieldClose
EarningsYieldHigh:EPSdividedbytheYearHighmarketprice.
EarningsYieldLow:EPSdividedbytheYearLowmarketprice.
EarningsYieldAverageHighLow:EPSdividedbytheaverageoftheYearHighand
YearLowmarketprices.
Price/CashFlowRatioClose
553
OrbisUserGuide
DividendYieldClose
DividendYieldHigh:DividendspersharedividedbytheYearHighmarketprice.
DividendYieldLow:DividendspersharedividedbytheYearLowmarketprice.
DividendYieldAverageHighLow:Dividendspersharedividedbytheaverageofthe
YearHighandYearLowmarketprices.
DividendPayoutperShare
Price/BookvalueRatioClose
Price/BookvalueRatioHigh:
TheYearHighmarketpricedividedbyBookvalueperShare.
Price/BookvalueRatioLow:
TheYearLowmarketpricedividedbyBookvalueperShare.
Price/BookvalueRatioAverageHighLow:
TheaverageoftheYearHighandYearLowmarketpricesdividedbyBookvalueper
Share.
MarketCapitalisation/ShareholdersFunds:
TheMarketcapitalisation(inlocalcurrency)attheclosingdateoftheaccountsdivided
bytheitemShareholdersFundsfromtheKeyFinancialsatthesamedate.
Notes:
15.15.3.6
Monthlypricingseries
TheMonthlypricingseriesprovidesstockinformationpermonthforseveralyears.Thehistory
ofthemonthlypricingseriesforacompanycangobackuptoeightyears.
554
Monthlyhighprices:
Thehighestclosingpriceinthemonth.
Monthlylowprices:
Thelowestclosingpriceinthemonth.
Monthendmarketprices:
Theclosingpriceatthelasttradingdayofthemonth.
Monthlytradingvolume(shares):
Thetotalamountofsharestradedoverthemonth.
Monthlyaveragedailyvolume(shares):
TheMonthlytradingvolumedividedbythenumberofdaystradedforthesame
month.
No.ofdaystraded:
Thenumberoftradingdaysinthemonth.
Datadetails
MonthlyOutstandingShares:
Thenumberofoutstandingsharesatthelasttradingdayofthemonth.
MonthlyMarketCapitalisation
15.15.3.7
Weeklypricingseries
TheWeeklypricingseriesprovidesstockinformationforseveralweeks.Thehistoryofthe
weeklypricingseriesforacompanycangobackto52weeks.
HighPrice:
Thehighestclosingpriceoftheweek.
LowPrice:
Thelowestclosingpriceoftheweek.
ClosingPrice:
Theclosingpriceofthelasttradingdayoftheweek.
210daymovingaverage:
Theaverageclosingpriceoveraperiodof210days.
Tradingvolume(noofsh/week):
Thetotalamountofsharestradedovertheweek.
Averagedailyvolume(noofsh/day):
ThetradingvolumedividedbytheNumberofdaystradedforthesameweek.
Noofdaystraded:
Thenumberoftradingdaysintheweek.
Sharesoutstanding:
Thenumberofoutstandingsharesatthelasttradingdayoftheweek.
Marketcapitalisation
Beta:
SeetheinformationonthebetafortheSecurity&PriceInformationsection.
Equitypricevolatility:
SeetheinformationontheequitypricevolatilityfortheSecurity&PriceInformation
section.
555
OrbisUserGuide
15.15.3.8
Dailypricingseries
ThesectionDailypricingseriespresentstheDailyClosingPricesandisupdatedonadaily
basis.Forthedailyclosingpricestherecanbeahistoryoftwoyears.
Ifinterestedinuploadingthecompletehistory(i.e.morethantwoyears)ofdailystockprices
foracertaincompanythiscanbedoneviatheAddinfunction.AnewAddintemplatecalled
"Dailystk.xlt"hasbeencreatedasanexamplewhichcanbeused.Thehistorycangobackto
January2002.
556
16Appendices
16.1AbsoluteYears
Whenselectingabsolute/fixedyearlyvaluesyouaretakingthevalueoftheselectedvariable
foraspecificdate(ex:2003,2002...).Thereforeifthereisnodatafortheselectedyear,n.a.
willbedisplayed.
16.2AccessingOrbis
ToaccessOrbisyoumusthaveausernameandpasswordexclusivelyprovidedbyBureauvan
Dijkoroneifitspartners.
IfyoudonotyethaveausernameandpasswordbutwouldliketoaccessOrbisforan
evaluationperiod,clickontheFreetrialbutton.
IfyoualreadyhaveanaccesstoOrbisbutforgotyourusernameand/orpassword
clickontheForgotyourpassword?andwewillsendyouyourcredentialsbasedon
youremailaddressorusername.Ifyoucannotrecallnortheusernameoremail
addressassociatedtoyourBvDaccount,pleasecontactyourlocalBvDaccount
representative.
Inordertopreventyoufromhavingtorememberyourusernameandpasswordeach
youtimeyouwishtoaccessOrbis,activatetheoptionStorepasswordandclickon
OK. YoumaydeactivatethisoptionfromthecustomisationoptionswithinOrbisby
goingtoSettings>Myaccount>Myusername&password.
16.3Relativeyears
Whenselectingrelativeyearlydatayouaretakingthedataoftheselectedvariableinrespect
tothelastavailablefilingyearforthatvariable.
Inareport,ifyouchoosetoincludetheLastAvailableYear,it'spossiblethattwocompanies
willdisplaydifferentfiscalperiodsinthesamecolumn[whenabsoluteyearsaredisplayed,
n.a.isdisplayedforayearwhendataisnotavailable].
Inasearch,thismeansthatyoumaybeselectingcompaniesbasedondifferentfiscalyears.
16.4Companyset
Acompanysetisastaticarrayofcompaniesthataresavedusingauniqueidentifier.A
companysetissaidtobestaticbecausethecompaniesincludedinitremainconstantthrough
time.
16.5Creditsystem
EachcompanyavailableOrbishasafullpriceassignedtoit,whichcorrespondstothe
maximumnumberofcreditsforviewing/downloadingitsstandardreport.
Thelistmodulecountscreditsdependingontheavailabilityoftheitemsforeverycompany,
individuallywhilethereportcountsastandardpricepersectionofthereport.
Twoimportantrulesapply:
557
OrbisUserGuide
1. Oncethefullpriceforacompanyhasbeenpaid(whateverthemoduleused),no
furthercreditsaredebitedforthatcompanyuntilitisupdatedwithnewfinancials
(NewaccountingYear).
2. Thefullpriceforacompanyisdefinedbasedonthelevelofdetailoffinancials
available.Therearethreemaincategories:detailedfinancials(i.e.,availabilityoftotal
assetvaluewhichmeansthatbalancesheetinformationhasbeencollected),limited
financials(i.e.,nototalassetvalue:onlysizecriterionbasedonregisteredcapital,or
annualsales,oremployees)ornofinancialsatall(i.e.,nosizecriterionatall).
Notes:
PleasebeawarethatforsomeLFcompaniesestimated/roundedfiguresareprovided.
Asaresultupdatedfiguresmightbethesameasinthepreviousyear.Thismeans
thatthecompanyisstable.Informationonthestabilityofacompanyisvaluable
hencethefullpricewillbededucted. Thisstabilitymayalsooccuronallother
companydata(descriptivedata,industrysector,management,etc.)
Whenthefullpriceisdeductedforacompanyreportthisdoesnotalwaysmeanthat
completeinformationisavailableforthatcompany(e.g.atleast10Yearsofaccounts,
fulldetailedprofit&lossaccountinthecaseofdetailedfinancials).Thepricingpolicy
isthesamewhateverthesizeofthecompanybecauseinformationonsmallerentities
mightbedifficulttocollectandisthereforevaluableevenifnotasdetailedasfor
majorcompanies.
16.6Correlationcoefficient
ThecorrelationcoefficientX,Y betweentworandomvariablesXandYwithstandard
deviationsX andY andcovarianceXY isdefinedas:
X,Y =
XY
XY
Thecorrelationisdefinedonlyifbothofthestandarddeviationsarefiniteandbothofthem
arenonzero.Thiscorrelationcannotexceed1inabsolutevalue(i.e.itisalwayscomprised
between1and1).Thecorrelationis::
1inthecaseofanincreasinglinearrelationship,
1inthecaseofadecreasinglinearrelationship,
somevalueinbetweeninallothercases,indicatingthedegreeoflineardependence
betweenthevariables.
Thecloserthecoefficientistoeither1or1,thestrongerthecorrelationbetweenthe
variables.
Ifthevariablesareindependentthenthecorrelationis0,buttheconverseisnottruebecause
thecorrelationcoefficientdetectsonlylineardependenciesbetweentwovariables.Hereisan
example:SupposetherandomvariableXisuniformlydistributedontheintervalfrom1to1,
andY=X2.ThenYiscompletelydeterminedbyX,sothatXandYaredependent,buttheir
correlationiszerotheyareuncorrelated.However,inthespecialcasewhenXandYare
jointlynormal,uncorrelatednessisequivalenttoindependence.
16.7Customiseheadersandfooters
558
Index
Access:clickontheCustomisefromtheprintersettingsavailableundertheGeneraloptions
settingorwhenprintingoutlists,reports,analysisetc
WhenyouclickontheCustomiselink,thefollowingpopupdialogisdisplayedallowingyou
fullycustomisetheinformationdisplayedintheheadersandfootersofyourprintoutsinan
easyanduserfriendlyway
Headersandfootersarecomposedofaleft,centerandrightsection.
Youmayinsertasmuchinformationasyoudeemnecessaryineachofthesesections
bypointingandclickinginaneditboxandselectingtheappropriatebutton.
Thedifferentbuttonsavailablearedefinedbelow:
Button
Action
Insertpagenumber
Insertdate
Inserttime
Insertthereporttitle
Insertapplicationname
Insertusername
ClickontheOKtoconfirmyourselectionandclosethewindow.
ThedefaultcurrencyisthecurrencydefinedinSettings>MyGeneralOption>User
Preferences.
Anewsessionbeginswhenyoulogintotheapplicationorwhenyoutrashyourcurrent
search.
16.8Peerreport
559
OrbisUserGuide
Apeerreportisabenchmarkingtoolenablingyoutocompareasubjectcompanytoapeer
group.Bydefault,thepeerreportdisplaysthefigurescorrespondingfromthedefaultpeer
groupassociatedtothecompany.
Itisimportanttodistinguishapeerreportfromapeeranalysisastheyservetwodifferent
purposes.Thepeerreportcomparesasubjectcompanytoapredefinedpeergroupwhereasa
peeranalysisenablesyoutofullycustomisethecompositionofthegroupcompaniesyouwish
tocomparetooneanother.Moreover,thepeerreportisconsideredasasectionofacompany
reportwhereasapeeranalysisisindependentofanycompanyreport.
16.9Relativeinterquartileinterval
Therelativeinterquartileinterval(RII)isaparameterusedtomeasurethedispersionof
statisticalseries.Itisdefinedasthedifferencebetweenthethirdquartile'supperlimit(Q3)
minusthefirstquartile'supperlimit(Q1)dividedbythemedian(Q2).
Formally,thisparameterisgivenbythefollowingexpression:
RII =
Q3 Q1
Q2
Thenumeratorofthisformula(Q3 Q1)givestherangeofastatisticalseriesafterhaving
eliminated25%oftheweakestvaluesand25%ofthestrongestvalues.
Dividingthisbythemedianthengivesanideaonhowthedataisdispersed:thehigherthe
RIIis,themoredispersedthedataisfromthevalueseparatingthedataintwoequalparts.
Thethresholdvaluetocomparethisparameteris1:
IfRII=1:thentherangebetweenthefirstandthirdquartileisthesameasthe
rangeseparatingtheextremevaluestothecentralvalue.
IfRII>1:thentherangebetweenthefirstandthirdquartileisgreaterthanthe
rangeseparatingtheextremevaluestothecentralvalue.
IfRII<1:thentherangebetweenthefirstandthirdquartileisinferiortotherange
separatingextremevaluestothecentralvalue.
16.10UploadingcompaniesbasedonalistofIDnumbers
ToloadcompaniesfromanexternalfilebasedcompanyIDnumbers,youmustfirstprepare
theexternalfiletobeuploaded.
1. Openyourfavoritetexteditor(e.g.notepad).
2. TypeinthelistofIDnumberscorrespondingtothecompaniesyouwishtoupload.
3. EachIDnumberenteredmustbeseparatedfromoneanotherusingaconsistent
separator(e.g.tab,comma,semicolumn,etc).Itdoesnotmatterwhatyouuseas
longastheyareallthesame.
4. SavethefileusingthefileextensioncorrespondingtotheIDnumberscontainedinthe
file(e.g.forBvdIDnumbersuse.bvd,forISINnumbersus.ISI,etc).Thefile
extensionwilltellOrbiswhatIDnumberstheycorrespondtowhenuploading.
AnalternativewayofloadingcompaniesbasedonIDnumbersistouseaspreadsheet.For
exampleifyouhaveaspreadsheetwithmanycolumnsofdata,onecorrespondingtocompany
IDnumbers,youmaydirectlyusethisspreadsheetwithoutpriorpreparation.
560
Index
1. SelectthespreadsheetyouwishtouploadfromtheSavedsearchscreen.
2. Thefollowingdialogisdisplayedallowingyoutospecifythestructureofthefile:
3. Thefollowingoptionsareavailable:
Worksheet:selecttheworksheetinwhichtheIDnumbersarecontained(in
exampleabove,theyarecontainedinaworksheetcalledResults)
Separator:choosetheseparatorusedtodistinguisheachIDnumber
(comma,semicolumn,tab,todefine).
InexampleaboveallIDnumbersarecontainedinonecolumnso"Todefine"
isselectedandthevalueisleftblank.
Text:ifthefilecontainstext,choosethemarkersthatidentifytextinyour
spreadsheet
Lines:allowsyoutoignoreasetoflinesfromthespreadsheet(inexample
above,thetwofirstlinesdonotrepresentanIDnumber,sowewouldwantto
ignorethosetwofirstlines)
Thecolumn:choosethecolumncontainingtheIDnumbersandthenselect
whatthecolumncontains(inexampleabove,column3containsBvDID
numbers)
4. ClickontheOKbuttontoconfirmyourselectionanduploadtheIDnumbers.A
confirmationscreenisthepresentedshowingyoualltheIDnumbersthatwerefound
andnotfound.
561
17Index
A
detailsaboutthecollectionofaccount344
Absoluteyears ................................. 557
Booleanoperators..............................55
Accessing................................. 119,557
Booleansearchpriority .......................58
segmentationanalysis .................... 119
BooleanSearching .............................54
Accessingtheaggregationanalysis...... 185
BosniaandHerzegovina
Accessingtheconcentrationanalyses... 229
Accessingthedistributionanalysis....... 210
AccessingtheLinearregressionanalysis
.................................................. 252
Accessingthepeeranalysis................ 142
Bulgaria
BvDIdentificationnumbers ................393
C
Accessingthesegmentationanalysis.. 118,
119
ChineseCompanies...........................427
Accountinformation.............................9
CorrespondenceTable....................427
Aggregationtable............................. 192
CompanyIDnumberspercountry .......396
AggregationWizard.......................... 186
Companyset...................................557
Step1 ......................................... 188
Companysizecategories....................402
Step2 ......................................... 189
Concentrationtable...........................235
Step3 ......................................... 190
Concentrationwizard.........................230
Analysissettings ................................23
step1 ..........................................231
AnnualStockData............................ 551
step2 ..........................................232
Annualstockvaluation ...................... 553
step3 ..........................................233
Annualisationoffinancialitems........... 412
Correlationcoefficient........................558
Auditstatus..................................... 391
CorrespondencetableforAustrian
companies ....................................412
Australia
detailsaboutthecollectionofcompany
accounts.................................... 342
Austria
B
BanksWorldwide
Barchart(aggregation)..................... 195
Barchart(peeranalysis) ................... 152
Belarus
CorrespondencetableforBelgianand
Luxembourgassociations
Unconsolidatedaccounts .................416
LuxembourgcompaniesConsolidated
accounts.......................................418
LuxembourgcompaniesUnconsolidated
accounts.......................................420
CorrespondencetableforBosnian
companies ....................................422
CorrespondencetableforBritishandIrish
companies(FAME).........................425
CorrespondenceTableforChinese
Companies....................................427
Belgium
563
OrbisUserGuide
CorrespondencetableforCroatian
companies.................................... 428
CorrespondenceTableforSlovakian
companies ....................................485
CorrespondencetableforCzechcompanies
.................................................. 430
CorrespondencetableforSlovenian
companies ....................................487
CorrespondencetableforDanish
companies.................................... 432
CorrespondencetableforSpanish
companies ....................................488
CorrespondencetableforDutchcompanies
.................................................. 434
CorrespondencetableforSwedish
companies ....................................491
CorrespondencetableforEstonia
companies.................................... 435
CorrespondencetableforTurkish
companies ....................................493
CorrespondencetableforFinnish
companies.................................... 438
CorrespondencetableforUkrainian
companies ....................................495
CorrespondencetableforFrench
companiesConsolidatedaccounts... 441
Createanewcompany ......................291
CorrespondencetableforFrench
companiesUnconsolidatedaccounts444
Createanewownclassification.....42,298
Create/managecustomfields........32,280
CorrespondencetableforGerman
companies.................................... 448
Create/modifyacustomisedsection.....109
CorrespondencetableforGreekcompanies
.................................................. 456
Croatia
CorrespondencetableforHungarian
companies.................................... 458
CorrespondencetableforIcelandic
companies.................................... 460
CorrespondencetableforItaliancompanies
.................................................. 461
CorrespondencetableforLatvian
companies.................................... 464
CorrespondencetableforLithuanian
companies.................................... 466
Creditsystem..................................557
Currentstockdata ............................551
CurrentStockValuation .....................552
Customfields.............................34,283
Customfieldsproperties ..............34,283
Customiseheadersandfooters ...........558
Customisedsectionssettings ...............26
Cyprus
CorrespondencetableforMaltese
companies.................................... 468
CorrespondencetableforNorwegian
companies.................................... 470
CorrespondencetableforPolishcompanies
.................................................. 472
CorrespondencetableforPortuguese
companies.................................... 474
CorrespondencetableforRomanian
companies.................................... 476
CorrespondencetableforRussian
companies.................................... 478
CorrespondencetableforSerbian
companies.................................... 482
CzechRepublic
D
Dailypricingseries............................556
Dataupdatingfrequencybysourceand
country/companytype ....................408
Defaultcurrency...............................559
Defaultpeergroup............................521
Define..........................................521
Define............................................521
defaultpeergroup.........................521
Definethedefaultpeergroup .. 64,73,521
564
Index
Definingyourdefaulthomepage...........7
Denmark
Displayoptionsforaquantileschart(peer
report) .........................................105
Displayoptionsforaregressionchart...265
Displayoptionforaregressiontable .... 262
Displayoptionsforasegmentationtable
..................................................134
Displayoptionfortheevolutionofseveral
variablesinindices(aggregation) ..... 207
Displayoptionsforanaggregationtable
..................................................197
(aggregation)................................ 204
Displayoptionsforelementsofapeer
report ...........................................82
Displayoptionsforabarchart(peer
analysis) ...................................... 167
Displayoptionsforgraphs...................81
Displayoptionsforabarchart(peer
report)...........................................86
(segmentation) ............................. 138
Displayoptionsforoptionsforstockdata
sections.........................................81
Displayoptionsforownershipsections..81
DisplayoptionsforthePeerreporttable82
Displayoptionsforaconcentrationtable
.................................................. 241
Displayoptionsforthestructureofthe
balancesheet(aggregation)............200
Displayoptionsforadistributionchart . 225
DisplayoptionsforthestructureoftheP&L
account(aggregation)....................202
(peeranalysis).............................. 176
(peerreport)..................................98
Displayoptionsforadistributiontable . 222
Distributionchart..............................220
Distributionchart(peeranalysis).........158
Distributiontable ..............................218
Distributionwizard............................211
Displayoptionsforaindiceschart(peer
analysis) ...................................... 179
Step1..........................................212
Displayoptionsforaindiceschart(peer
report)......................................... 102
Step2..........................................213
DisplayoptionsforaLorenzcurve
(concentration)............................. 248
Documentslibraryadvancedsearches ..304
DisplayoptionsforaLorenzcurve(peer
analysis) ...................................... 173
DisplayoptionsforaLorenzcurve(peer
report)...........................................94
Displayoptionsforapeertable.......... 163
(concentration)............................. 244
Displayoptionsforapiechart(peer
analysis) ...................................... 170
Displayoptionsforapiechart(peer
report)...........................................90
Step3..........................................214
Documentslibraryhomepage............303
Documentslibraryquicksearch...........303
Downloadinglimitations .....................270
E
Estonia
Evolutionofseveralvariablesinindices
(aggregation)................................196
ExchangeRates................................403
Exportformats .................................271
(segmentation) ............................. 140
Exportsettings..................................15
Displayoptionsforaquantileschart(peer
analysis) ...................................... 182
Exportingfromthelistofresults.........273
Exportingfromacompanyreport ........275
565
OrbisUserGuide
F
Ireland
Financialvariables ..................... 112,295

Finland
ISOCountryCodes...........................507
Italy
FormulaforStockDataRatios ............ 547

France
J
Japan
accounts ....................................361
Generaloptions..................................10
Geographicalworldregions ................ 505
Germany
K
Korea(Rep.of)
accounts ....................................365
Globalformat.................................. 497
GreatBritain
Latvia
Greece
Layoutoptionsfortabulardata............78
Legalformscategories.......................520
Linearregressiontable......................258
Homepage........................................3
Linearregressionwizard ....................253
HongKong
accounts.................................... 356
Hungary
detailsaboutcollectionofaccount .... 357
step1 ..........................................254
step2 ..........................................255
step3 ..........................................256
Listofresults ....................................60
ListofresultsfromDocumentlibrary
profiles.........................................310
I
Iceland
Listofresultsfrommarketvalueand
trendsanalysis ..............................320
IMFCurrencyCodes.......................... 403
Listsettings ......................................21
India
Lithuania
accounts.................................... 359
Lorenzcurve(concentration) ..............239
Indiceschart(peeranalysis) .............. 160
Lorenzcurve(peeranalysis)...............156
Industryresearch ............................. 301
Luxembourg
Informationproviders....................... 513
InsuranceCompaniesWorldwide
Introduction .......................................1
566
M
MainlandChina
Index
accounts.................................... 366
Malaysia
Myusername&password................9,10
N
Navigating.......................................... 7
accounts.................................... 368
Newactivityclassifications .................340
Managingcustomisedsectionssettings..25
Newsession.....................................559
Managinglistformatsandlistsettings...20
NewZealand
accounts ....................................371
Managingowndatasettings .................28
Managingownershipsettings................23
NonUSlistedcompanies
Managingreportformatsandreport
settings.........................................22
Managingtheapplicationsettings...........8
Norway
detailsofthecollectionofaccount....371
Managinguserdefinedvariablessettings27
Managingyouraccountsettings .............9
Managingyourexports........................15
Managingyoursearchsettings..............16
Marketvaluesandtrendsanalysisquick
search ......................................... 314
O
Ownclassifications.............................41
Owndata ........................................290
Owndatasettings..............................30
P
Marketvaluesandtrendshomepage... 312
Peeranalysiswizard..........................143
Marketvaluesandtrendsreports ........ 328
Step1..........................................145
Markingcompaniesfromthelistofresults
....................................................65
Step2..........................................146
Modifydataofacompany........... 115,292
Moldova
Step3..........................................147
Peergroups .....................................521
Peerreport ...............................521,559
Detailsaboutthecollectionofcompany
accounts.................................... 369
Piechart(concentration)....................237
Monthlypricingseries....................... 554
Piechart(peeranalysis) ....................154
MORERatings .................................. 528
Poland
MORERatingsdefined ....................... 530
Multipledataitems ........................... 114
Politicalworldregions........................506
Mycustomisedsections .......................25
Portugal
Myexports ........................................15
Mylists.............................................20
Myownclassifications .........................41
detailsaboutthecollectionofaccounts
................................................374
Predefinedreports.............................76
Myowndata......................................28
Preparethefilecontainingthevaluesof
customfields...........................35,284
Myownpeergroups...........................24
PrinterSettings .................................13
Myreports........................................22
Producttoolbar.................................. 6
Myuserdefinedvariable......................27
567
OrbisUserGuide
Q
SerbiaandMontenegro
Quantileschart(peeranalysis) ........... 162

Quicksearch.....................................45
Singapore
accounts ....................................379
Ratios............................................ 500
Regionalsettings................................12
Slovakia
Regressionchart .............................. 260

Relativeinterquartileinterval............. 560
Slovenia
Relativeyears.................................. 557
Reportformats..................................74
Reportsettings ..................................23
RepublicofMacedonia
Softwareoverview ............................... 2
Sourceofaccounts............................392
Spain
detailsofthecollectionofaccount .... 374

Romania
RussianFederation
accounts.................................... 376
S
Standardpeergroupdefinition............521
Statusdefinitions..............................391
Stockdataoverview........................547
Structureofthebalancesheet ............193
StructureoftheP&Laccount..............194
Sweden
Saveasearch....................................53
Searchsettings ..................................18
Switzerland
Searchstrategytoolbox...............52,63
Securityandpriceinformation............ 548
SystemRequirements.......................... 2
Segmentation ....................................23
Segmentationanalysis...................... 119
Table(peeranalysis).........................150
Accessing ..................................... 119

Segmentationbarchart..................... 131
Segmentationpiechart ..................... 132
Segmentationtable.......................... 129
SegmentationWizard........................ 119
Step1 ......................................... 121
Step2 ......................................... 121
Step3 ......................................... 124
Step4 ......................................... 125
Step5 ......................................... 127
Step6 ......................................... 127
Sendsettings....................................14
568
Taiwan
accounts ....................................384
Thailand
accounts ....................................385
TheNetherlands
Timeconsistencysettings...................14
Turkey
accounts ....................................385
TypeofAccounts ..............................390
Index
U
Viewingapeeranalysis.....................148
Ukraine
Viewingasegmentationanalysis .........128
accounts.................................... 387
Viewinganaggregationanalysis..........191
W
UploadingcompaniesbasedonalistID
numbers ...................................... 560
Weeklypricingseries.........................555
Userdefinedvariablesettings...............28
WhycanacompanyBvDIDnumber
change? .......................................394
Userpreferences ................................11
UsingEstimates ............................... 501
Workingwiththealphabeticallistofsearch
criteria ..........................................47
USlistedcompanies
Workingwiththeexportsystem ..........269
V
VadisPredictiveIndicator(VPI)
Workingwiththegroupedviewofsearch
criteria ..........................................46
Workingwiththeresultsofaconcentration
analysis........................................234
EstimatedDealValue(EDV)............ 523
Workingwithyourfavouritesearches....49
VadisPredictiveIndicators ................. 523
Workingwithyoursavedsearches... 16,48
Propensitytobesold...................... 522
Workingwithyoursearchhistory.........51
Propensitytobecomebankrupt........ 522
Worldregions..................................505
Viewingadistributionanalysis ............ 216
569

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UserGuide

ANALYSES ................................................................................................................................. 118

8.4.4 Display options ................................................................................................................ 222

USERDEFINEDVARIABLES ............................................................................................... 295

OVERVIEW ........................................................................................................................... 295

OWNCLASSIFICATIONS ..................................................................................................... 298

15.13.1 VadisPredictiveIndicators........................................................................................... 521

APPENDICES .......................................................................................................................... 557

ABSOLUTE YEARS ................................................................................................................ 557

INDEX ...................................................................................................................................... 563

3.13.2.1 Updateacompany's data

MyImported ... MyImported

Searchsubcategory Selectioncriteria Stepresult

7.2 Report sections

Eachindividualelementmaybehidden( ),deleted( )ormaximised( ).

Eachindividualelementmaybehidden( ),deleted( )ormaximised( ).

Eachindividualelementmaybehidden( ),deleted( )ormaximised( ).

Eachindividualelementmaybehidden( ),deleted( )ormaximised( ).

Eachindividualelementmaybehidden( ),deleted( )ormaximised( ).

Eachindividualelementmaybehidden( ),deleted( )ormaximised( ).

FIAS IFAS+TFAS+OFAS FixedAssets

FIAS IFAS+TFAS+OFAS FixedAssets

WKCA STOK+DEBTCRED WorkingCapital

FIAS IFAS+TFAS+OFAS FixedAssets

FIAS IFAS+TFAS+OFAS FixedAssets

TSHF SHFD+NCLI+CULI TotalShareholders

FIAS IFAS+TFAS+OFAS FixedAssets

TSHF SHFD+NCLI+CULI TotalShareholders

Turnover+ Turnover+ Turnover+

fiscalperiod fiscalperiod fiscalperiod

FIAS IFAS+TFAS+OFAS FixedAssets

FIAS IFAS+TFAS+OFAS FixedAssets

EBITDA(Earnings Operatingresults(TC)+ Operating

WKCA STOK+DEBTCRED WorkingCapital

FIAS IFAS+TFAS+OFAS FixedAssets

TSHF SHFD+NCLI+CULI TotalShareholdersTotalshareholdersfundsand

WKCA STOK+DEBTCRED WorkingCapital Calculated

FIAS IFAS+TFAS+OFAS FixedAssets

FIAS IFAS+TFAS+OFAS FixedAssets

FIAS IFAS+TFAS+OFAS FixedAssets

FIAS IFAS+TFAS+OFAS FixedAssets

WhereTurnoverij istheturnoverofcompanyibelongingtoindustryj andTotalAssetsijisthe

Forthecalculationofthewholecompanydatabase's ,allactivecompaniesincludedin the

WhereEmployeesijisthenumberofemployeesincompanyiinindustryj andTurnoverij isthe

WhereEmployeesijisthenumberofemployeesincompanyiinindustryj andTurnoverij isthe

WhereTotalAssetsij isthetotalofcompanyiinindustryjandEmployeesij isthenumberof

Forthecalculationofthewholecompanydatabase's ,allactivecompaniesincludedin the

IncludesAnguilla,AntiguaandBarbuda, Argentina, Aruba, Bahamas,Barbados,Belize,

25/01/00 24/01/00 23/01/00

Absoluteyears ................................. 557

segmentationanalysis .................... 119

Step1 ......................................... 188

Step2 ......................................... 189

Step3 ......................................... 190

Annualstockvaluation ...................... 553

Displayoptionforaregressiontable .... 262

Financialvariables ..................... 112,295

FormulaforStockDataRatios ............ 547

Indiceschart(peeranalysis) .............. 160

Industryresearch ............................. 301

Marketvaluesandtrendsreports ........ 328

MORERatings .................................. 528

MORERatingsdefined ....................... 530

Multipledataitems ........................... 114