PRH’s decision on digital financial statements
These instructions apply to the companies that must file a sustainability report as a part of the annual report in their financial statements. Read more: What is a sustainability report?
A company subject to sustainability reporting must prepare their financial statements and consolidated financial statements in web format (XHTML). The Finnish Accounting Act requires certain data to be marked up with PRH identifiers, and the PRH decides which content this applies to.
PRH identifiers are not required yet
So far, the PRH has not issued a decision on the use of PRH identifiers. There are plans to issue a decision during 2025 that would apply to companies that submit sustainability reports as of financial periods starting on 1 January 2026.
Under the ESEF regulation, the PRH can also order a listed parent company that drafts its consolidated financial statements in digital format to mark up its financial statements with digital PRH identifiers as of financial periods that start on or after 1 January 2026.
Taxonomy definitions are approved in conjunction with the decision
In conjunction with the decision, the PRH approves a taxonomy definition defining the PRH identifiers that must be followed for each financial period.
In the future, the PRH will adopt the taxonomy definition each year for the financial period starting the following year.
The annual update will incorporate any legal amendments and other update needs arising during the year. However, the basic structure of the definitions will not change.
The company’s report must always follow the latest taxonomy definition approved for the financial period.
Currently supported taxonomy definitions
Financial statements of a limited liability company (OY)
- kpl-2016-12/2019-03-28/mod/oytp_gaap_ind.xsd
- kpl-2016-12/2019-11-06/mod/oytp_gaap_ind.xsd
- kpl-2016-12/2022-09-30/mod/oytp_gaap_ind.xsd
Financial statements of a group company (OY)
- kpl-2016-12/2019-03-28/mod/oytp_gaap_con.xsd
- kpl-2016-12/2019-11-06/mod/oytp_gaap_con.xsd
- kpl-2016-12/2022-09-30/mod/oytp_gaap_con.xsd
Download the taxonomy definitions from Avoindata.fi.Avautuu uuteen välilehteen
See the legislation for more information
Provisions on the PRH’s decision are laid down in chapter 7, section 23 of the Finnish Accounting Act.
Read more in the Finnish Accounting Act in the reference database of Finnish legislation Finlex: