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Analisis Profitabilitas dan Prospektif Laporan Keuangan.docx

Analisis Profitabilitas dan Prospektif Laporan Keuangan.docx

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Published by: Inneke Wangsaharja on Mar 02, 2013
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Analisis Profitabilitas dan
Prospektif Laporan Keuangan






Kelompok 8

Inneke Wangsaharja (10 13 008)
Michella Yapari A. (10 13 026)
Desy Krisma (10 13 050)
Tresna Seplinawati M. (10 13 051)

Kelas Akuntansi C


UNIVERSITAS ATMA JAYA MAKASSAR
FAKULTAS EKONOMI
JURUSAN AKUNTANSI
2011/2012




























Analisis Profitabilitas
NOPAT untuk tahun 2010 dan 2011 adalah
Tahun Effective tax rate NOPAT

2010






Rp 374.920.290.937 x ( 1 – 19,29%)
= Rp 302.598.166.815,2527

2011





Rp 539.458.727.099 x ( 1 – 20.16%)
= Rp 430.703.847.715,8416



Return on net operating assets (RNOA) untuk tahun 2010 adalah:

[( )]

()

Return on net operating assets (RNOA) untuk tahun 2011 adalah:

[( )]

()

Return on common equity (ROCE) untuk tahun 2010 adalah:



[( ) ]

Return on common equity (ROCE) untuk tahun 2010 adalah:



[( ) ]

Analisis Prospektif
1. Proyeksi Laporan Laba Rugi
Berdasarkan laporan laba rugi PT. CIPUTRA Development Tbk sebelumnya, maka dapat dihitung
rasio-rasio pada tahun 2011 sebagai berikut:
 Sales Growth



 Gross Profit Margin



 Selling , general and administrative expense


 Income Tax expense 2011/Pretax expense


Projected Income Statement
Forecasting step 2012 Estimate
Income statement
Total revenues ............................................................... 1 Rp 2.803.294.168.132,6141
Cost of good sold ........................................................... 3 1.461.076.920.430,7185

Gross profit .................................................................... 2 1.342.217.247.701,8956
Selling, general, and administrative expense ................ 4 699.421.894.949,0872

Income before tax .......................................................... 5 642.795.352.752,8084
Income tax expenses ...................................................... 6 129.587.543.114,9661

Net income ..................................................................... 7 Rp 513.207.809.637,8422


Forecasting Assumption (In Percent)
Sales Growth.......................................................................... 128,69%
Gross Profit Margin ............................................................... 47,88%
Selling , general and administrative expense ........................ 24,95%
Income Tax expense 2011/Pretax expense ........................... 20,16%







Estimasi Laporan Laba Rugi

Tahun 2012
1. Sales



2. Gross Profit



3. Cost Of Goods Sold



4. Selling, General, and Administrative



5. Income Before Tax



6. Tax Expense



7. Net Income




2. Proyeksi Neraca

Tahun 2010
 Account Receivable Turnover Rate

 Inventory Turnover Rate

 Accounts Payable Turnover Rate



 Accrued Expenses Turnover Rate

 Tax Payable/Tax expense


Tahun 2011
 Account Receivable Turnover Rate

 Inventory Turnover Rate

 Accrued Expenses Turnover Rate

 Accounts Payable Turnover Rate



 Tax Payable/Tax expense


Projected Balance Sheet


(Dalam rupiah) Forecasting
Step



2012 Estimates 2011


Aset
Kas dan setara kas.............................. 7
Investasi
Piutang usaha..................................... 1
Piutang lain-lain
Persediaan.......................................... 2
Pajak dibayar dimuka
Piutang pihak berelasi
Aset pajak tangguhan-neto
Tanah untuk pengembangan
Aset tetap
Properti investasi
Aset lain-lain

Jumlah aset

Liabilitas dan Ekuitas
Liabilitas
Utang bank
Utang usaha kepada pihak ketiga...... 3
Utang lain-lain
Utang pihak berelasi
Biaya yang masih harus dibayar........ 4
Utang pajak....................................... 5
Liabilitas imbalan kerja
Uang muka
Pendapatan diterima dimuka
Utang biaya pembangunan

Liabilitas pajak tangguhan-neto

Jumlah liabilitas

Ekuitas
Modal saham
Tambahan modal disetor
Selisih perubahan ekuitas
Selisih nilai transaksi restrukturisasi
Selisih nilai transaksi ekuitas
Selisih kurs
Saldo laba


1.280.537.638.309,503 2.109.129.637.191
261.751.937.186 261.751.937.186
357.107.537.341,7342 277.277.894.330
47.538.192.683 47.538.192.683
3.443.499.694.628,1369 2.675.218.498.778
227.062.070.552 227.062.070.552
17.340.034.020 17.340.034.020
845.402.661 845.402.661
2.110.538.328.855 2.110.538.328.855
2.383.992.116.329 2.383.992.116.329
971.707.755.409 971.707.755.409
442.464.954.322 442.464.954.322

11.544.385.662.296,3741 11.524.866.822.316



801.939.388.346 801.939.388.346
35.987.116.266,7664 27.962.855.820
202.910.554.841 202.910.554.841
- -
42.538.735.597,5680 33.055.188.280
54.374.933.091,0397 52.363.900.875
51.501.524.683 51.501.524.683
2.156.910.491.492 2.156.910.491.492
156.256.000.216 156.256.000.216
357.530.626.763 357.530.626.763

37.002.102.186 37.002.102.186

3.896.951.473.482,3741 3.877.432.633.502


3.791.453.998.500 3.791.453.998.500
7.173.979.690 7.173.979.690
838.253.660.301 838.253.660.301
14.962.799.656 14.962.799.656
13.290.036.031 13.290.036.031
1.223.600 1.223.600

telah ditentukan penggunaannya
belum ditentukan penggunaannya

Ekuitas neto
Kepentingan non pengendali

Jumlah Ekuitas

Jumlah liabilitas dan ekuitas



Selected Ratios

Accounts receivable turnover rate
Inventory turnover rate
Accounts payable turnover rate
Accrued expenses turnover rate
Taxes payable/Tax expenses

10.000.000 10.000.000
441.544.821.940 441.544.821.940

5.106.690.519.718 5.106.690.519.718
2.540.743.669.096 2.540.743.669.096

7.647.434.188.814 7.647.434.188.814

11.544.385.662.296,3741 11.524.866.822.316





7,85 x 7,85 x
0,4243× 0,4243×
40,60× 40,60×
65,8998 65,8998
41,96% 41,96%


.

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