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WVB Database Queries

Currency
Reporting Issues
  • How do I know if the company accounts are consolidated or
    unconsolidated in a particular year?

    WVB shows consolidated company account data when it is
    disclosed. WVB indicates this in the financial data header
    with a code.

  • What is the company itself has no subsidiaries, would its
    accounts be categorized as consolidated or unconsolidated?

    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.

  • Does WVB carry both the original published data and/or restated
    financial data?

    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.

  • What happens to previous years accounting reclassifications?

    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.

  • Does WVB provide any information on the valuation methods by the
    company itself?

    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.

Company Business Description
  • Does WVB provide the company description in native languages
    other than English?

    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.

  • Does WVB provide local language labels for the data items
    themselves?

    Yes. WVB has a dictionary that contains a translation of each
    financial data field in the database.

  • Where does WVB obtain the company description?

    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.

  • What is the depth of WVB’s company business description?

    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.

Industry Classification & Segmental Information
  • How are WVB industry classifications determined?

    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).

  • Does WVB have more accurate and in-depth industry
    classifications?

    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.

  • Does WVB provide in-depth geographical breakdowns?

    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.

Scenarios
  • How does WVB handle company name changes?

    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:

    • • Alias Names (e.g., I.B.M.; I. B. M. IBM)
    • • Company Local Registration Number
    • Name used on the stock exchange if different from the
      Product Name
    • • Ticker and the Stock Exchange it is listed on
    • • Previous Legal Name

    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.

  • How does WVB handle companies with local company names?

    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.

  • How can I determine that a company has changed the industry?

    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.

  • How does WVB adjust for IPO’s and spin-offs?

    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”.

  • What if there is an error in the reported balances of the
    company accounts?

    If there is indeed a material error in summation in the
    report, WVB statisticians act as follows:

    • 1 .If an error is pointed out, corrections are made quickly
      as long as this is justified with the financial reports.
    • 2 .Contact the respective companies’ investor relations
      officer or chief financial officer for further clarification
      on the error found.
    • 3 .Provide a supporting explanation for the balancing figure
      under Product Note 2 dated with the corresponding fiscal
      year.
    • 4 .Once the company replies, correction is made and noted in
      the same note.
  • What if there is a duplicate WVB ID of the same company?

    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.

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