eXtensible Business Reporting Language (XBRL)

Malaysian Business Reporting System

Suruhanjaya Syarikat Malaysia (SSM) will be introducing a submission platform based on the eXtensible Business Reporting Language (XBRL) format in 2018. 

This submission platform will be known as the “Malaysian Business Reporting System” (MBRS) which allows for the annual submission filing of:

  • Financial Statements and Reports (FS);
  • Annual Return (AR); and 
  • Exemption Applications (EA) which are related to the FS and AR applications.

The guiding principles behind the MBRS is based on the following financial and non-financial scopes as stated below:

1. Companies Act 2016; 

2. Applicable approved accounting standards for financial statements of :

a. Malaysian Private Entities Reporting Standards (MPERS) for private company that -

  • is not itself required to prepare or lodge any financial statements under any law administered by the Securities Commission Malaysia or Bank Negara Malaysia; and
  • is not a subsidiary or associate of, or jointly controlled by, an entity which is required to prepare or lodge any financial statements under any law administered by the Securities Commission Malaysia or Bank Negara Malaysia or

b. Malaysian Financial Reporting Standards (MFRS) for public company. 

 

Scope of Submission

The MBRS Summary – Scope of Submission will guide preparers on the types of filing which is allowed under the MBRS submission platform.

Once the MBRS Preparation Tool is successfully installed, the preparers may then choose to view the AR, FS or EA respectively in the MBRS Preparation Tool launch window.

There will be several entry points as stated in the MBRS Summary – Scope of submission template above. These entry points however will be guided by the mTool according to the set of answers provided by the preparers in the Information Filing window.

MBRS

 

MBRS 

The MBRS system will be released in two stages.

MBRS Release 1 

SSM will allow the stakeholders to download the MBRS Preparation Tool (mTool) for free with the following purpose:

  1. To allow the public to sufficiently test the elements captured in the mTool displaying the reporting details of the AR, FS or EA;
  2. To allow the public to test and familiarized themselves with the functionalities and capabilities of the free mTool provided by SSM; and
  3. To ensure the public has sufficient time to attend the training programmes organized by SSM.

For a better view of the mTool, please download the mTool Installer (based on your computer’s compatibility) using the link provided below:

For a step by step installation guide, please refer to the MBRS Preparation Tool Release 1 Installation Guide.

MBRS Preparation Tool Release 1 User Manual will be explaining on the basic functionalities and capabilities of the system.   

MBRS Launch

The MBRS Portal will be launched by SSM in the second quarter of 2018. Once launched, the company may submit, pre-populate the AR data and manage the company’s dashboard via the portal.  

SSM welcomes any views and comments from stakeholders with regards to the mTool. Kindly submit the views and comments using the feedback templates provided and email the same to mtool_comments@ssm.com.my  by or before Wednesday, 28 February 2018.

The comments submitted will assist SSM in improving and fine-tuning the MBRS implementation plan. 

For other information on MBRS please refer to MBRS Release 1 Frequently Asked Questions document.

 

Related Documents

Year Documents
2014

ssmt_20131231 (version 1.0)

Based on IFRS Taxonomy 2012 (English Label-Final)

2017

ssmxt2017 (v1.0)

Above is a draft taxonomy version made available to download for internal and external testing purposes. Final set of taxonomies files including Taxonomy Guide will be made available along with Malaysian Business Reporting System Portal during the “Go Live” session.