Malaysian Business Reporting System (MBRS)
What is MBRS
The Malaysian Business Reporting System (MBRS) refers to the submission platform based on the eXtensible Business Reporting Language (XBRL) format adopted by Companies Commission of Malaysia (CCM)/Suruhanjaya Syarikat Malaysia (SSM).
XBRL (eXtensible Business Reporting Language) is an XML-based computer software language that is developed specifically for automation of business information requirements. XBRL labels companies' financial and other data with codes from standard lists (taxonomies) so that the relevant stakeholders can locate and analyze required information.
More than 60 developed countries have adopted the XBRL platform.
Components of MBRS
- SSM Taxonomy (SSMxT)
A dictionary of financial and non-financial reporting element of AR, FS and EAs embedded in the MBRS Preparation Tool (mTool).
- MBRS Preparation Tool (mTool)
A preparation tool that allow companies to prepare and generate AR, FS and EA in XBRL format.
- MBRS Portal (mPortal)
A submission platform to lodge XBRL file for AR, FS and EA to SSM.
What is the Scope of Submission?MBRS shall be used annual submission of:
- Annual Return (AR);
- Financial Statements and Reports (FS); and
- Exemption Applications (EA) which are related to the FS and AR applications
Who needs to comply?All companies incorporated in Malaysia are required to digitally submit their annual statutory Financial Statements in XBRL format to SSM.
Banking, financing and insurance companies regulated by Bank Negara Malaysia are exempted from filing a full set of Financial Statements through MBRS.
Foreign companies (FC) that are registered under Company Act 2016 will have following options of filing their financial statements with SSM. (See diagram below)
The scope of the above submissions is explained as follows:
What needs to be done?
Create the MBRS template
Complete the scoping questions
Complete the MBRS template by extracting the relevant data from audited financial statements and map to the appropriate cells in the template
Execute validation check and rectify errors
Generate XBRL/MBRS upload file
Upload the XBRL/MBRS file to Company Commission of Malaysia’s portal (mPortal)
How we can helpOur RSMO team can assist with steps 1-5 so that your Company Secretary can complete step 6, i.e. the lodgment of returns.
Please refer to our contact details in this website and we look forward to hearing from you.