Central Balance Sheet Data Office

Other useful works

European non-financial listed groups: analysis of 2011 data. III Working Group on IFRS impact and CBSO databases. March 2013

The study presents some highlights of European non financial listed groups, on profitability, financial structure and impact of fair value accounting on the consolidated accounts of the European groups included in ERICA database. ERICA (European Records of IFRS Consolidated Accounts), is a database, for internal use within the members of ECCBSO, composed of around 1,200 European groups, fully representative of the stock markets of the countries participating in the project (Austria, Belgium, France, Italy, Germany, Greece, Portugal and Spain). The data are obtained from publicly available financial statements, having been treated manually, by CBSO statistics and accounting specialists, to be fitted on a standard European format (ERICA format); this manual treatment means, in some cases, the interpretation of the original data, a constraint that readers of this document should bear in mind.

• European non-financial listed groups: analysis of 2011 data. III WG on IFRS impact and CBSO databases. March 2013  (449 KB)

Profitability, equity capitalization and net worth at risk: How resilient are non-financial corporations in a crisis environment? January 2013

The working paper is analyzing mainly the impact of the financial crisis on capital structure and on profitability in the corporate sector in six European countries. The distributions of key financial ratios (profitability, equity capitalization) in the sectors manufacturing, construction and trade and four size classes are compared. Three of the analyzed size classes form the SME category. Companies' profitability was in all size classes heavily impacted by the financial crisis. Also the reaction of the capital structure was similar for all entities. Though the paper also shows that micro entities’ capital structure and profitability are much more heterogeneous than larger entities’. As the institutions contributing to the Study Group have extensive balance sheet data available, the impact of the crisis is also related to a longer timeframe: the last two decades. Further, firms' capability to absorb losses is analyzed with the Net Worth at Risk approach, which the group developed already in its third research paper.

The respective data tables (Annex 2 of the research paper) can be downloaded as an pdf file.

• Profitability, equity capitalization and net worth at risk: How resilient are non-financial corporations in a crisis environment? January 2013  (5 MB)
• Data Tables. Annex 2  (2 MB)

IFRS Impact. October 2012

Documents produced by the III Working Group on IFRS Impact and CBSO Databases of the European Committee of Central Balance-Sheet Data Offices to inform you about the situation, at the date of drafting the document, regarding the application of the IFRS ( International Financial Reporting Standards ) in countries participating in the group (Austria, Belgium, France, Germany, Greece, Italy, Portugal and Spain) and on the foreseeable effect on databases and analyses performed by central balance sheet data offices.

• IFRS Impact including quick guidebook to IFRS  (85 KB)
• Monitoring the EU initiative on the reduction of the reporting burden of non financial corporations. XBRL in Europe  (109 KB)
• Standard format  (83 KB)
  • Annex 1. Impact of IFRS issued in 2011 on ECCBSO formats  (50 KB)
  • Annex 2. Standard format - extended  (6 MB)
  • Annex 3. Standard format - ERICA  (2 MB)
  • Annex 4. Standard format - SME (Small and medium-sized enterprises)  (2 MB)
  • Annex 5. Methodological note of the ERICA format  (406 KB)
• XBRL in European CBSO  (237 KB)
• Integrated reporting  (99 KB)
• Stocktaking exercise on group’s estructure. Information available in Europe  (188 KB)
• WGIII on IFRS impact and CBSO DATABASES. 2012 Synthesis  (612 KB)

Net Worth at Risk. August 2005

A study that assesses the concept of "net worth at risk ", which is defined as the minimum level of capital a company requires from an empirical viewpoint to avoid becoming insolvent during a recession period lasting two consecutive years in its business sector. The study compares industrial enterprises from Germany, France, Italy and Spain.

• Net Worth at Risk  (1 MB)

Guide for database users. Transition tables between national layout of annual accounts and the BACH statements. August 2001

The European Committee of Central Balance-Sheet Data Offices is responsible for updating and maintaining the methodology guide which accompanies the BACH database, in collaboration with the Directorate General for ECFIN of the European Commission.

• Guide for the database users  (311 KB)
• Description of the country data  (1 MB)

Corporate finance in Europe, from 1986 to 1996. November 2000

This is a panel survey on the capitalisation of Austrian, French, German, Italian and Spanish manufacturing companies. It investigates the differences between countries by company size, paying particular attention to the underlying institutional factors. It also studies the relationship between the sources of funding and the assets in which these are invested.

• Corporate finance in Europe, from 1986 to 1996  (311 KB)