European single electronic format (ESEF)

Issuers shall prepare their entire annual financial reports for the financial years beginning on or after 1 January 2020 in XHTML format. Companies, the securities of which are admitted to trading on a regulated market and which are obliged to prepare their consolidated financial statements, in accordance with the International Accounting Standards, shall prepare their annual financial reports in XHMTL and use the Inline XBRL specifications set out in Annex III of Regulation 2018/815;

The Bank of Lithuania provides in this section legislation published and the newest information, with the hyperlinks marked in green:

• Commission delegated regulation (EU) 2022/2553 amending the regulatory technical standards laid down in Delegated Regulation (EU) 2019/815 as regards the 2022 update of the taxonomy for the single electronic reporting format
• Regulations (2019/815), supplementing Directive 2004/109/EC of the European Parliament and of the Council, with regard to regulatory technical standards on the specification of a single electronic reporting format
• European Commission Interpretative Communication on the preparation, audit and publication of the financial statements
• CEAOB guidelines on the auditors’ involvement on financial statements in European Single Electronic Format (ESEF)

Relevant links on the ESMA website about ESEF:

• GLEIF prepared its 2019 annual financial report in electronic format on the basis of the requirements included in  ESEF Regulation, taking into account the guidance provided by ESMA in the ESEF Reporting Manual as last updated in July 2019
• ESEF reporting manual (603 KB download icon) (ESMA 32-60-254rev), dedicated to assisting issuers and software vendors
• Volunteer trials of preparing and transforming their annual financial report to inline XBRL, their experience and examples of financial reports. ESEF testing
• ESEF taxonomy 2022

More info:

• Publicly available list of certified software vendors, as announced by XBRL International.
• Inline XBRL software and service providers in the Baltics (317.4 KB download icon)
• Inline XBRL software and services providers in Lithuania (452.6 KB download icon) (updated August 2020)
• 2019 Slides of the webinar for issuers (1.9 MB download icon) (in Lithuanian)
• 2020 Slides of the webinar for issuers (in Lithuanian)
• 2021 Slides of the webinar for issuers (in Lithuanian)
• 2022 Slides of the webinar for issuers (in Lithuanian)