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WVB covers all banks from around the world.
WVB also has substantial coverage of private company information
from a number of countries in Asia such as Thailand, Malaysia,
Vietnam, India, and many more.
For annual reports that we fail to source via the internet,
email, or fax, our last resort is to engage the local data
collectors to help us. However, in most cases (90%) we can
obtain the annual reports either directly from the company or
the SEC or Stock Exchange of the respective country.
1. WVB will gather these companies and send an email or fax
directly to the companies for the annual reports.
Simultaneously, we may write to the SEC or Stock Exchange. If
there’s no response after 3-4 weeks, we will follow up by
resending email/fax. Still no response after 3-4 weeks, for
those countries in which we have data collectors, we’ll engage
them to collect these annual reports. Otherwise, we will leave
this company and revisit it the following year.
2. At the same time, we will indicate under the Company Detail
section in our database as follows:
Date Report Requested: MM/DD/YYYY (indicates the last contact
date) Report Requested Flag : F = Fax; E = Email; L = Letter
Company Status Code: e,g, 10 = Other (No SEC Filings, ETC)
Inactive; 11 = Delisted. Active; 02 =Acquisition or Merger,
Inactive; 02 = Bankruptcy, Inactive, etc.
In the WVB Master Database, the currency used is the reporting
currency that the reporting company uses in that specific fiscal
year. Each fiscal year contains in its fiscal header the ISO
currency code. WVB Master maintains the original currency and
does not re-calculate the previous year’s accounts. Be aware
that this is not the case in the WVB Analyst Database. The last
reporting currency is used, and all historical amounts are
translated to the new reporting currency.
WVB will add Restated (CR) Report Type to the comparative
statement if we found its Currency has been changed.
WVB shows consolidated company account data when it is
disclosed. WVB indicates this in the financial data header
with a code.
This is common in particular with trust companies. They have
no subsidiaries; merely the company itself. The financial
accounts of such companies are considered fully consolidated,
and flagged as report type C. In addition, we also have
another flag in the Period Descriptor field, CONSOL = J to
indicate that it is a single entity without any subsidiaries.
WVB carries both originally as-reported data and subsequent
as-restated data in WVB Master Product only. Restated data is
indicated by the code “CR” and the year of publication.
Companies often will re-classify items for presentation
purposes from year to year. WVB will not modify the previous
year’s records. If there are material changes to the previous
year’s reported figures due to mergers, acquisitions,
disposals or accounting changes, then WVB will add a new
record to reflect these changes. Reclassified data is
indicated by the code “CA” and the year of publication.
Yes. The Period Descriptor fields describe many of the
valuation methods used by the company itself, as disclosed in
the notes to the annual accounts.
WVB provides at least two company descriptions of activities
in English: a short company description (generally not
exceeding three lines) and a long company description
(depending on the company-provided description and history).
In addition, WVB provides generally a company description in
the local language. The languages are French, German, Italian,
Portuguese, Spanish, Japanese, Chinese, Arabic etc.
Yes. WVB has a dictionary that contains a translation of each
financial data field in the database.
The preferred source is the company annual report activity
description or the company website. In those cases where none
is available from the company, the local WVB data staff
creates it.
In addition to providing the company’s business activities,
WVB strives to capture the company’s corporate developments
such as history, listing, name change, merger & acquisitions,
divestments, closure of business divisions, etc. WVB can also
collect specific information such as chairman statements,
directors, company future outlook and auditors report upon
customer’s request, if provided.
WVB carries SIC (Standard Industrial Classification) codes and
the FTA (Financial Times Actuaries Codes) for each company.
The assignment is determined by the contribution of the
business segments to net sales. Company may have multiple
codes each with an importance ranking attached. When a company
changes industry activity, this will be indicated within the
record with a “from date” and “to date”. In addition, WVB
developed its own Industrial Classification Codes with a
similar structure as the SIC codes. These codes are used to
classify the business segment result breakdown. Further, we
have added classification of industry activities by NACE (from
the French ‘Nomenclature statistique des Activites economiques
dans la Communaute Europeenne’-Statistical classification of
economic activities in the European Community), NAICS (North
American Industry Classification System) and ISIC (
International Standard of Industrial Classification) as well
as some country specific SIC codes such as UK SIC (UK Standard
Industrial Classification).
Yes, for each company financial year. When the company
provides it, a detailed breakdown is available based on Sales,
Profit, Assets, Depreciation, Capital Expenditure, Research
and Development and number of Employees, is collected. To
provide a more accurate and timely addition to industrial
activities, WVB maintain its own industrial classification
codes.
Like for the in-depth industry classification, WVB collects a
detailed breakdown based on Sales, Profit, Assets,
Depreciation, Capital Expenditure, Research and Development
and number of Employees. Companies may report based upon Sales
Location and or Manufacturing Location. WVB collects both.
For banks, WVB collects an additional detailed breakdown for
Net Interest Income and other significant items applicable for
banks such as financial instruments and credit exposure, etc.
WVB maintains a table of Company Alias Names. Each company has
two names: the Legal Name and the Product Name. The Legal Name
is the complete legal name of the company (e.g., Banque
Stellantis France SA; International Business Machines
Corporation). The Product Name is a truncated name that allows
a more logical alphabetical ranking (e.g., Banque Stellantis
France; International Business Machines ). Each name has an
Alias Name Type code. The table also provides other
information, such as:
Each record shows an Effective from Date. When a name change
takes place, the new Legal Name is created, and the Previous
Legal Name label and the Effective Through Date are updated.
In addition to the two company names, the Legal Name and the
Product Name, we will capture Native Name and sometimes,
English Name. The English name is available for countries like
Russia, Vietnam etc.
When there’s a change in Industry, WVB will change a few
sections in the database for example Industrial coding – SIC
(Standard Industry Code), FTA (Financial Times Code), NACE,
NAICS, and ISIC. WVB will also revise the company’s business
profile in Product Note 5.
In the case of spin-offs and IPO’s, WVB creates a new company
with a new WVB number. Out of the prospectus, all relevant and
pertinent information will be entered into the database. The
financial data header record will show the type of account it
is, generally “PR” for pro-forma accounts. The parent company,
if they so disclose, will have restated accounts generally
reflecting these events and are entered into the database with
the code “CR”.
If there is indeed a material error in summation in the
report, WVB statisticians act as follows:
In rare cases when this happens, WVB verifies the duplicate
entry by their accounts, ISIN codes, etc. The company with
less financial years updated would be deactivated from the
database whilst the company with more financial years updated
would be maintained.
b. After the company has been entered
Independent of these, a second set of data validation is
carried out on a weekly basis. This set of validation is to
assure that data items have not been omitted, where previously
available. Also a test is conducted to assure that the
currency magnitude is within a tolerable range.
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