Studi Kasus Analisa Kelayakan Usaha

Mainan Kereta Api Kayu

Seorang konsultan yang sedang menawarkan suatu project investasi membuat pabrik mainan kereta api kayu, dia berusaha meyakinkan
calon investor untuk menginvestasikan uangnya. biasanya dalam investasi seperti ini, investor tidak mau memberi modal 100% sehingga
akan menggandeng (pinjam) ke pihak perbankan. Dari hasil analisis awal, dia memperoleh Informasi dan data Sebagai berikut:

1
2
3
4
5
6
7
8

Kemampuan Memproduksi mainan per bulan

Kemampuan Memproduksi mainan per hari
Harga Jual produk mainan per unit
Harga bahan baku per unit produk
Biasanya Kerusakan
Waktu produksi per bulan (lama menunggu pendapatan)
produksi dalam setahun
Untuk melaksanakan usaha diperlukan investasi sbt :

No
a

Komponen Biaya

Satuan

Perizinan

15,810
527
100,000
50,000
0.1
30
12

Jumlah Fisik
1

unit
unit
Rp
Rp
%
hari
Bulan

Harga
per Satuan
Rp
20,000,000

b Bangunan

m2

1,500

2,500,000

m2

2,700

500,000

unit
unit

5
2

250,000,000
90,000,000

Alat produksi dan Pengemas

Circular Saw
Sanding
Radial
Amplas Disk
Bor
Amplas Sikat
Spray
Dipping
Mesin Sablon
Oven
Kerja Bangku

unit
unit
unit
unit
unit
unit
unit
unit
unit
unit
unit

1
1
1
1
4
1
2
3
1
1
5

925,000
10,000,000
5,000,000
850,000
850,000
775,000
580,000
1,000,000
1,000,000
3,000,000
200,000

Peralatan lainnya
Furniture Direktur
Furniture Sekretaris
Furniture Manager SDM
Furniture Manager Produksi
Furniture Manager Pemasaran
Furniture Manager Keuangan
Furniture Staff Quality Control
Furniture Staff Pegudangan & Perawatan
Furniture Staff Produksi
Furniture Staff PPIC
Furniture Staff Penjualan
Furniture Staff Pembelian
Furniture Receptionist

set
set
set
set
set
set
set
set
set
set
set
set
set

1
1
1
1
1
1
1
1
1
1
1
1
1

2,000,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000

Tanah

d Kendaraan
Truck Container
Mobil Pick-Up

FurnitureRuang Kebersihan
Furniture Ruang Tamu
Furniture Ruang Rapat
Furniture Poliklinik
Furniture Pantry
Furniture Kantin
Furniture Musholla
Furniture Pos Satpam
Furniture Loker
Genset
Peralatan Toilet
AC
Blower
Komputer
Telepon
Taman
Tempat Sampah

set
set
set
set
set
set
set
set
set
unit
set
unit
unit
unit
unit
set
unit

1
1
1
1
1
1
1
2
1
3
3
14
10
14
14
1
1

800,000
800,000
1,000,000
1,000,000
500,000
1,000,000
1,000,000
500,000
5,000,000
2,500,000
100,000
1,500,000
300,000
2,000,000
150,000
2,000,000
200,000

9 Penyusutan nilai investasi dianggap tetap setiap tahun .

10

Bahan dan peralatan habis pakai yang dibutuhkan dalam melaksanakan usahanya dalam sebulan untuk memproduksi 15.810 produk
sebagai berikut :

Struktur biaya
Pelicin
a. Amplas 1
b. Amplas 2
Pewarna
a. Cat Merah
b. Cat kuning
c. Cat Biru
d. Cat Hijau
e. Cat Coklat
Bahan Pengemasan
a. Pengemas plastik
b. Peti Kemas Kayu
Tenaga Kerja Langsung
a. Operator Pagi
b. Operator Siang

Biaya per
satuan
Rp

Satuan

Jumlah Fisik

lembar
lembar

200
200

1,500
1,500

Kg
Kg
Kg
Kg
Kg

20
20
20
20
20

40,000
40,000
40,000
40,000
40,000

unit
Unit

500
50

1,500
150,000

Orang
Orang

22
22

800,000
800,000

11 Biaya tetap yang dibutuhkan untuk produksi seperti tenaga kerja, listrik, telpon, air,
perawatan kendaraan, ATK dlll. dalam sebulan sebesar Rp.
Rp. 150.000.000
Selain itu dibutuhkan juga biaya pemasaran yang besarnya mencapai Rp. (yang terdiri dari gaji 2 orang TK
12
pemasaran sebesar Rp 1.000.000/bulan dan biaya lainnya)
13 Untuk operasional usaha cukup dengan modal kerja selama 3 bulan
14 Dari semua biaya yang diperlukan investor harus menyediakan 25%
Jika ada Bank yang memberikan Mr X Kredit ia sangat berharap waktunya 5 tahun atau lebih dengan bunga tidak melibihi 15 % per
15
tahun
16 Semua informasi dan data yang disampaikan Mr X telah tercatat , sehingga tinggal dilanjutkan membuat Laporan Keuangan.
17 Mr X sanggup membayar pajak dari keuntungan bersih sebesar 15 %
18 Tugas Anda adalah mendampingi Mr X dan mengevaluasi rencana investasi layak atau tidak.
Untuk mempermudah mengevaluasi kelayakan lakukanlah langkah berikut :
- Susunlah asumsi penting yang terkait dengan usaha
- Buatlah semua hitungan untuk jangka waktu 1 tahun (bila diperlukan)
- Identifikasikan biaya-biaya yang dibutuhkan meliputi biaya investasi, biaya operasional (biaya tetap, biaya variabel)
- Proyeksikan pendapatan yang diperoleh
- Proyeksikan angsuran pokok dan bunga terhadap pinjaman dari bank
- Proyeksikan Neraca usaha telur asin selama 5 tahun
- Proyeksikan Rugi laba usaha selama 5 tahun
- Buatlah analisis rasio keuangan dan terjemahkan artinya
- Proyeksikan Cash Flow selama 5 tahun
- Buatlah kriteria kelayakan investasi (NPV, IRR, Net B/C Ratio)
- Berapa tingkat sesitifitas usaha tersebut

kayu, dia berusaha meyakinkan

memberi modal 100% sehingga
a Sebagai berikut:

Umur
Ekonomis
(tahun)

10

7
7

5
5
5
5
5
5
5
5
5
5
5

5
5
5
5
5
5
5
5
5
5
5
5
5

5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5

k memproduksi 15.810 produk

24,000,000.00

bunga tidak melibihi 15 % per

Laporan Keuangan.

aya variabel)

Asumsi Untuk Analisis Keuangan

No
1
2
3

Asumsi

Periode proyek
Bulan kerja tahun
Output, Produksi dan Harga:
a. Produksi per bulan
b. Produksi per hari
c. Harga penjualan
d. Lama menunggu pendapatan
e. Kerusakan Bahan Baku dan Produk
4 Tenaga kerja :
a. Langsung
b. Tidak Langsung
c. Pemasaran
5 Penggunaan input dan harga:
a. Input bahan baku 1 bulan
b. Harga bahan baku per unit produk
6 Suku Bunga per Tahun
7 Proporsi Modal :
a. Kredit
b. Modal Sendiri
8 Jangka waktu Kredit
9
10

Satuan

Nilai / Jumlah

tahun
bulan

5
12

unit
unit
Rp/unit
hari

15,810
527
100,000
30
0.1%

orang
orang
orang
orang

44
19
2

unit
Rp/unit
%

16,000
50,000
15%

%
%
tahun
.
.

75%
25%
5

Biaya Investasi

No

Komponen Biaya

SATUAN

Jumlah Fisik

Jumlah
Biaya
Rp
20,000,000

Umur
Ekonomis
(tahun)

10

Nilai
Penyusutan
Rp

Nilai
Sisa Proyek
Rp

Perizinan

Bangunan

m2

1500

2,500,000

3,750,000,000

Tanah

m2

2700

500,000

1,350,000,000

Kendaraan
Truck Container
Mobil Pick-Up

unit
unit

5
2

250,000,000
90,000,000

1,250,000,000
180,000,000

7
7

178,571,429
25,714,286

892,857,143
128,571,429

Harga
per Satuan
Rp
20,000,000

375,000,000

1,875,000,000
1,350,000,000

Alat produksi dan Pengemas

Circular Saw
Sanding
Radial
Amplas Disk
Bor
Amplas Sikat
Spray
Dipping
Mesin Sablon
Oven
Kerja Bangku

unit
unit
unit
unit
unit
unit
unit
unit
unit
unit
unit

1
1
1
1
4
1
2
3
1
1
5

925,000
10,000,000
5,000,000
850,000
850,000
775,000
580,000
1,000,000
1,000,000
3,000,000
200,000

925,000
10,000,000
5,000,000
850,000
3,400,000
775,000
1,160,000
3,000,000
1,000,000
3,000,000
1,000,000

5
5
5
5
5
5
5
5
5
5
5

185,000
2,000,000
1,000,000
170,000
680,000
155,000
232,000
600,000
200,000
600,000
200,000

1,295,000
14,000,000
7,000,000
1,190,000
4,760,000
1,085,000
1,624,000
4,200,000
1,400,000
4,200,000
1,400,000

Peralatan lainnya
Furniture Direktur
Furniture Sekretaris
Furniture Manager SDM
Furniture Manager Produksi
Furniture Manager Pemasaran
Furniture Manager Keuangan
Furniture Staff Quality Control
Furniture Staff Pegudangan & Perawatan
Furniture Staff Produksi
Furniture Staff PPIC
Furniture Staff Penjualan
Furniture Staff Pembelian
Furniture Receptionist
FurnitureRuang Kebersihan
Furniture Ruang Tamu
Furniture Ruang Rapat
Furniture Poliklinik
Furniture Pantry
Furniture Kantin
Furniture Musholla
Furniture Pos Satpam
Furniture Loker
Genset
Peralatan Toilet
AC
Blower
Komputer
Telepon
Taman
Tempat Sampah

set
set
set
set
set
set
set
set
set
set
set
set
set
set
set
set
set
set
set
set
set
set
unit
set
unit
unit
unit
unit
set
unit

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
1
3
3
14
10
14
14
1
1

2,000,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
800,000
800,000
1,000,000
1,000,000
500,000
1,000,000
1,000,000
500,000
5,000,000
2,500,000
100,000
1,500,000
300,000
2,000,000
150,000
2,000,000
200,000

2,000,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
800,000
800,000
1,000,000
1,000,000
500,000
1,000,000
1,000,000
1,000,000
5,000,000
7,500,000
300,000
21,000,000
3,000,000
28,000,000
2,100,000
2,000,000
200,000

5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5

400,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
160,000
160,000
200,000
200,000
100,000
200,000
200,000
200,000
1,000,000
1,500,000
60,000
4,200,000
600,000
5,600,000
420,000
400,000
40,000

2,000,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
800,000
800,000
1,000,000
1,000,000
500,000
1,000,000
1,000,000
1,000,000
5,000,000
7,500,000
300,000
21,000,000
3,000,000
28,000,000
2,100,000
2,000,000
200,000

604,547,714

4,384,782,571

Jumlah
Sumber dana investasi dari *) :
a. Kredit
b. Dana sendiri

6,676,310,000
Share Dana
75%
25%

Jumlah Nominal
5,007,232,500
1,669,077,500

1. BIAYA PRODUKSI

a. Biaya Variabel
(untuk memproduksi 150.000 mainan kereta api kayu per bulan)
No
1

Struktur biaya
Bahan baku
Bahan baku

unit

16,000

50,000

800,000,000

lembar
lembar

200
200

1,500
1,500

300,000
300,000

Kg
Kg
Kg
Kg
Kg

20
20
20
20
20

40,000
40,000
40,000
40,000
40,000

800,000
800,000
800,000
800,000
800,000

Unit
Unit

500
50

1,500
150,000

750,000
7,500,000

Orang
Orang

22
22

Bahan Pembantu

a. Cat Merah
b. Cat kuning
c. Cat Biru
d. Cat Hijau
e. Cat Coklat
4

Bahan Pengemasan

a. Pengemas plastik
b. Peti Kemas Kayu
5

Jumlah biaya
1 bulan
Rp

Jumlah Fisik

Bahan bantu utama

a. Amplas 1
b. Amplas 2
3

Biaya per
satuan
Rp

Satuan

Tenaga Kerja Langsung

a. Operator Pagi
b. Operator Siang

800,000
800,000

Total Biaya Variabel

17,600,000
17,600,000
848,050,000

b. Biaya Tetap
No
1

Uraian

Jumlah

Unit

Biaya Per Unit (Rp)

Total Biaya 1 Bulan (Rp)

Tenaga Kerja

Direktur

Orang

3,000,000

Sekretaris

Orang

1,600,000

Manager SDM

Orang

1,600,000

Manager Produksi

Orang

1,600,000

Manager Pemasaran

Orang

1,600,000

Manager Keuangan

Orang

1,600,000

Staff Quality Control

Orang

1,200,000

Staff Pergudangan & Perawatan

Orang

1,200,000

Staff Produksi

Orang

1,200,000

Staff PPIC

Orang

1,200,000

Staff Penjualan

Orang

1,200,000

Staff Pembelian

Orang

1,200,000

Recepsionist

Orang

850,000

Petugas Kebersihan

Orang

600,000

Petugas Keamanan

Orang

800,000

Supir

Orang

700,000

Petugas Kesehatan

Orang

750,000

Bahan Bakar

500

liter

5,000

2,500,000

Air

5,000,000

Listrik

5,000,000

Telepon

5,000,000

Bongkar Muat

2,000,000

ATK

2,000,000

Biaya lain-lain

2,000,000

Iuran

2,000,000

10

Perawatan Kendaraan

3,000,000

TOTAL

50,400,000

2. BIAYA PEMASARAN
No
Struktur Biaya
1 Tenaga Kerja
2 Biaya Lain-lain

Jml Satuan Fisik

2

Biaya Per Satuan

Orang

Biaya 1 bulan

1,000,000

2,000,000
1,000,000
3,000,000

3. KEBUTUHAN MODAL KERJA

Biaya Produksi
Biaya Pemasaran
Jumlah Modal Kerja
Modal Kerja 3 bulan
Sumber dana modal kerja dari *) :
a. Kredit

898,450,000
3,000,000
901,450,000
2,704,350,000

75%

b. Dana sendiri
25%
Ket : *)
Modal kerja yang diperlukan adalah sama dengan biaya operasional dan over head cost untuk
tiga bulan pertama
karena pendapatan dari penjualan produk baru diterima setelah 30 hari.
dari saat dimulainya produksi.

2,028,262,500
676,087,500

Jumlah biaya
1 tahun
Rp
9,600,000,000

3,600,000
3,600,000

9,600,000
9,600,000
9,600,000
9,600,000
9,600,000

9,000,000
90,000,000

211,200,000
211,200,000
10,176,600,000

Total Biaya 1 Tahun (Rp)

36,000,000
19,200,000
19,200,000
19,200,000
19,200,000
19,200,000
14,400,000
14,400,000
14,400,000
14,400,000
14,400,000
14,400,000
10,200,000
7,200,000
9,600,000
8,400,000
9,000,000

30,000,000
60,000,000
60,000,000
60,000,000
24,000,000

24,000,000
24,000,000
24,000,000
36,000,000

604,800,000

Biaya Per Tahun

24,000,000
12,000,000
36,000,000

10,781,400,000
36,000,000
10,817,400,000

Proyeksi Produksi Dan Pendapatan Kotor

NO
1

Produk
Mainan
TOTAL

VOLUME
15,652

UNIT
unit

HARGA JUAL
100,000

PENJUALAN 1 BULAN
1,565,190,000
1,565,190,000

PENJULAN
1 TAHUN
18,782,280,000
18,782,280,000

Angsuran Kredit Investasi

Bunga : 15%
Periode
Kredit
Tahun-0
5,007,232,500

12 bulan
Angsuran Tetap

Bunga

Total

Bulan -1
Bulan -2
Bulan -3
Bulan -4
Bulan -5
Bulan -6
Bulan -7
Bulan -8
Bulan -9
Bulan -10
Bulan -11
Bulan -12

83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875

62,590,406
61,547,233
60,504,059
59,460,886
58,417,713
57,374,539
56,331,366
55,288,192
54,245,019
53,201,845
52,158,672
51,115,498

146,044,281
145,001,108
143,957,934
142,914,761
141,871,588
140,828,414
139,785,241
138,742,067
137,698,894
136,655,720
135,612,547
134,569,373

Tahun-1

1,001,446,500

682,235,428

1,683,681,928

Bulan -1
Bulan -2
Bulan -3
Bulan -4
Bulan -5
Bulan -6
Bulan -7
Bulan -8
Bulan -9
Bulan -10
Bulan -11
Bulan -12

83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875

50,072,325
49,029,152
47,985,978
46,942,805
45,899,631
44,856,458
43,813,284
42,770,111
41,726,938
40,683,764
39,640,591
38,597,417

133,526,200
132,483,027
131,439,853
130,396,680
129,353,506
128,310,333
127,267,159
126,223,986
125,180,813
124,137,639
123,094,466
122,051,292

Tahun-2

1,001,446,500

532,018,453

1,533,464,953

Bulan -1
Bulan -2
Bulan -3
Bulan -4
Bulan -5
Bulan -6
Bulan -7
Bulan -8
Bulan -9
Bulan -10
Bulan -11
Bulan -12

83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875

37,554,244
36,511,070
35,467,897
34,424,723
33,381,550
32,338,377
31,295,203
30,252,030
29,208,856
28,165,683
27,122,509
26,079,336

121,008,119
119,964,945
118,921,772
117,878,598
116,835,425
115,792,252
114,749,078
113,705,905
112,662,731
111,619,558
110,576,384
109,533,211

Tahun-3

1,001,446,500

381,801,478

1,383,247,978

Bulan -1
Bulan -2
Bulan -3
Bulan -4
Bulan -5
Bulan -6
Bulan -7
Bulan -8
Bulan -9
Bulan -10
Bulan -11
Bulan -12

83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875

25,036,163
23,992,989
22,949,816
21,906,642
20,863,469
19,820,295
18,777,122
17,733,948
16,690,775
15,647,602
14,604,428
13,561,255

108,490,038
107,446,864
106,403,691
105,360,517
104,317,344
103,274,170
102,230,997
101,187,823
100,144,650
99,101,477
98,058,303
97,015,130

Tahun-4

1,001,446,500

231,584,503

1,233,031,003

Bulan -1
Bulan -2
Bulan -3
Bulan -4
Bulan -5
Bulan -6
Bulan -7
Bulan -8
Bulan -9
Bulan -10

83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875
83,453,875

12,518,081
11,474,908
10,431,734
9,388,561
8,345,388
7,302,214
6,259,041
5,215,867
4,172,694
3,129,520

95,971,956
94,928,783
93,885,609
92,842,436
91,799,263
90,756,089
89,712,916
88,669,742
87,626,569
86,583,395

Saldo Awal
5,007,232,500

Saldo Akhir
5,007,232,500

5,007,232,500
4,923,778,625
4,840,324,750
4,756,870,875
4,673,417,000
4,589,963,125
4,506,509,250
4,423,055,375
4,339,601,500
4,256,147,625
4,172,693,750
4,089,239,875

4,923,778,625
4,840,324,750
4,756,870,875
4,673,417,000
4,589,963,125
4,506,509,250
4,423,055,375
4,339,601,500
4,256,147,625
4,172,693,750
4,089,239,875
4,005,786,000

4,005,786,000
3,922,332,125
3,838,878,250
3,755,424,375
3,671,970,500
3,588,516,625
3,505,062,750
3,421,608,875
3,338,155,000
3,254,701,125
3,171,247,250
3,087,793,375

3,922,332,125
3,838,878,250
3,755,424,375
3,671,970,500
3,588,516,625
3,505,062,750
3,421,608,875
3,338,155,000
3,254,701,125
3,171,247,250
3,087,793,375
3,004,339,500

3,004,339,500
2,920,885,625
2,837,431,750
2,753,977,875
2,670,524,000
2,587,070,125
2,503,616,250
2,420,162,375
2,336,708,500
2,253,254,625
2,169,800,750
2,086,346,875

2,920,885,625
2,837,431,750
2,753,977,875
2,670,524,000
2,587,070,125
2,503,616,250
2,420,162,375
2,336,708,500
2,253,254,625
2,169,800,750
2,086,346,875
2,002,893,000

2,002,893,000
1,919,439,125
1,835,985,250
1,752,531,375
1,669,077,500
1,585,623,625
1,502,169,750
1,418,715,875
1,335,262,000
1,251,808,125
1,168,354,250
1,084,900,375

1,919,439,125
1,835,985,250
1,752,531,375
1,669,077,500
1,585,623,625
1,502,169,750
1,418,715,875
1,335,262,000
1,251,808,125
1,168,354,250
1,084,900,375
1,001,446,500

1,001,446,500
917,992,625
834,538,750
751,084,875
667,631,000
584,177,125
500,723,250
417,269,375
333,815,500
250,361,625

917,992,625
834,538,750
751,084,875
667,631,000
584,177,125
500,723,250
417,269,375
333,815,500
250,361,625
166,907,750

Bulan -11
Bulan -12

83,453,875
83,453,875

2,086,347
1,043,173

85,540,222
84,497,048

Tahun-5

1,001,446,500

81,367,528

1,082,814,028

166,907,750
83,453,875

83,453,875
-

Angsuran Kredit Modal Kerja

Bunga : 15%
Periode
Tahun-0
Bulan -1
Bulan -2
Bulan -3
Bulan -4
Bulan -5
Bulan -6
Bulan -7
Bulan -8
Bulan -9
Bulan -10
Bulan -11
Bulan -12

12 bulan
Kredit

Angsuran Tetap

Bunga

Total

2,028,262,500
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375

25,353,281
24,930,727
24,508,172
24,085,617
23,663,063
23,240,508
22,817,953
22,395,398
21,972,844
21,550,289
21,127,734
20,705,180

59,157,656
58,735,102
58,312,547
57,889,992
57,467,438
57,044,883
56,622,328
56,199,773
55,777,219
55,354,664
54,932,109
54,509,555

Tahun-1

405,652,500

276,350,766

682,003,266

Bulan -1
Bulan -2
Bulan -3
Bulan -4
Bulan -5
Bulan -6
Bulan -7
Bulan -8
Bulan -9
Bulan -10
Bulan -11
Bulan -12

33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375

20,282,625
19,860,070
19,437,516
19,014,961
18,592,406
18,169,852
17,747,297
17,324,742
16,902,188
16,479,633
16,057,078
15,634,523

54,087,000
53,664,445
53,241,891
52,819,336
52,396,781
51,974,227
51,551,672
51,129,117
50,706,563
50,284,008
49,861,453
49,438,898

Tahun-2

405,652,500

215,502,891

621,155,391

Bulan -1
Bulan -2
Bulan -3
Bulan -4
Bulan -5
Bulan -6
Bulan -7
Bulan -8
Bulan -9
Bulan -10
Bulan -11
Bulan -12

33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375

15,211,969
14,789,414
14,366,859
13,944,305
13,521,750
13,099,195
12,676,641
12,254,086
11,831,531
11,408,977
10,986,422
10,563,867

49,016,344
48,593,789
48,171,234
47,748,680
47,326,125
46,903,570
46,481,016
46,058,461
45,635,906
45,213,352
44,790,797
44,368,242

Tahun-3

405,652,500

154,655,016

560,307,516

Bulan -1
Bulan -2
Bulan -3
Bulan -4
Bulan -5
Bulan -6
Bulan -7
Bulan -8
Bulan -9
Bulan -10
Bulan -11
Bulan -12

33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375

10,141,313
9,718,758
9,296,203
8,873,648
8,451,094
8,028,539
7,605,984
7,183,430
6,760,875
6,338,320
5,915,766
5,493,211

43,945,688
43,523,133
43,100,578
42,678,023
42,255,469
41,832,914
41,410,359
40,987,805
40,565,250
40,142,695
39,720,141
39,297,586

Tahun-4

405,652,500

93,807,141

499,459,641

Bulan -1
Bulan -2
Bulan -3
Bulan -4
Bulan -5
Bulan -6
Bulan -7
Bulan -8
Bulan -9
Bulan -10
Bulan -11
Bulan -12
Tahun-5

33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
33,804,375
405,652,500

5,070,656
4,648,102
4,225,547
3,802,992
3,380,438
2,957,883
2,535,328
2,112,773
1,690,219
1,267,664
845,109
422,555
32,959,266

38,875,031
38,452,477
38,029,922
37,607,367
37,184,813
36,762,258
36,339,703
35,917,148
35,494,594
35,072,039
34,649,484
34,226,930
438,611,766

Saldo Awal

Saldo Akhir

2,028,262,500
2,028,262,500
1,994,458,125
1,960,653,750
1,926,849,375
1,893,045,000
1,859,240,625
1,825,436,250
1,791,631,875
1,757,827,500
1,724,023,125
1,690,218,750
1,656,414,375

2,028,262,500
1,994,458,125
1,960,653,750
1,926,849,375
1,893,045,000
1,859,240,625
1,825,436,250
1,791,631,875
1,757,827,500
1,724,023,125
1,690,218,750
1,656,414,375
1,622,610,000

1,622,610,000
1,588,805,625
1,555,001,250
1,521,196,875
1,487,392,500
1,453,588,125
1,419,783,750
1,385,979,375
1,352,175,000
1,318,370,625
1,284,566,250
1,250,761,875

1,588,805,625
1,555,001,250
1,521,196,875
1,487,392,500
1,453,588,125
1,419,783,750
1,385,979,375
1,352,175,000
1,318,370,625
1,284,566,250
1,250,761,875
1,216,957,500

1,216,957,500
1,183,153,125
1,149,348,750
1,115,544,375
1,081,740,000
1,047,935,625
1,014,131,250
980,326,875
946,522,500
912,718,125
878,913,750
845,109,375

1,183,153,125
1,149,348,750
1,115,544,375
1,081,740,000
1,047,935,625
1,014,131,250
980,326,875
946,522,500
912,718,125
878,913,750
845,109,375
811,305,000

811,305,000
777,500,625
743,696,250
709,891,875
676,087,500
642,283,125
608,478,750
574,674,375
540,870,000
507,065,625
473,261,250
439,456,875

777,500,625
743,696,250
709,891,875
676,087,500
642,283,125
608,478,750
574,674,375
540,870,000
507,065,625
473,261,250
439,456,875
405,652,500

405,652,500
371,848,125
338,043,750
304,239,375
270,435,000
236,630,625
202,826,250
169,021,875
135,217,500
101,413,125
67,608,750
33,804,375

371,848,125
338,043,750
304,239,375
270,435,000
236,630,625
202,826,250
169,021,875
135,217,500
101,413,125
67,608,750
33,804,375
-

Tahun
1
2
3
4
5

total pembayaran untuk kredit investasi dan modal kerja

Angsuran Pokok

1,407,099,000
1,407,099,000
1,407,099,000
1,407,099,000
1,407,099,000

Angsuran Bunga

958,586,194
747,521,344
536,456,494
325,391,644
114,326,794

Total Angsuran

2,365,685,194
2,154,620,344
1,943,555,494
1,732,490,644
1,521,425,794

Saldo Awal
7,035,495,000
7,035,495,000
5,628,396,000
4,221,297,000
2,814,198,000
1,407,099,000

Saldo Akhir
7,035,495,000
5,628,396,000
4,221,297,000
2,814,198,000
1,407,099,000
0

Proyeksi Rugi Laba Usaha (Rp)

No
A

C
F
G
H
I

Uraian

Tahun
3

Penerimaan
Total Penerimaan

18,782,280,000

18,782,280,000

18,782,280,000

18,782,280,000

18,782,280,000

Pengeluaran
i. Biaya Variabel
ii. Biaya Tetap
iii. Depresiasi
iv. Angsuran Bunga
v. Biaya Pemasaran/Distribusi
Total Pengeluaran

10,176,600,000
604,800,000
604,547,714
958,586,194
36,000,000
12,380,533,908

10,176,600,000
604,800,000
604,547,714
747,521,344
36,000,000
12,169,469,058

10,176,600,000
604,800,000
604,547,714
536,456,494
36,000,000
11,958,404,208

10,176,600,000
604,800,000
604,547,714
19,054,466
36,000,000
11,441,002,180

10,176,600,000
604,800,000
604,547,714
1,465,728
36,000,000
11,423,413,442

R/L Sebelum Pajak

Pajak (15%)
Laba Setelah Pajak
Profit on Sales

6,401,746,092
960,261,914
5,441,484,178
28.97%

6,612,810,942
991,921,641
5,620,889,301
29.93%

6,823,875,792
1,023,581,369
5,800,294,423
30.88%

7,341,277,820
1,101,191,673
6,240,086,147
33.22%

7,358,866,558
1,103,829,984
6,255,036,574
33.30%

BEP : Rupiah
unit

4,731,612,340
59,145

4,270,953,902
53,387

3,810,295,463
47,629

2,681,042,485
33,513

2,642,654,282
33,033

Proyeksi Arus Kas

Rupiah
No
A

C
D

E
F

Uraian

Tahun
0

Arus Masuk
1. Total Penjualan
2. Kredit
a. Investasi
b. Modal Kerja
3. Modal Sendiri
a. Investasi
b. Modal Kerja
4. Nilai Sisa Proyek
Total Arus Masuk
Arus Masuk untuk Menghitung IRR

18,782,280,000

18,782,280,000

18,782,280,000

18,782,280,000

5,007,232,500
2,028,262,500
1,669,077,500
676,087,500

Arus Keluar
1. Biaya Investasi
2. Biaya Variabel
3. Biaya Tetap
4. Angsuran Pokok
5. Angsuran Bunga
6. Pajak
7. Biaya Pemasaran/Distribusi
Total Arus Keluar
Arus Keluar unt Menghitung IRR

6,676,310,000
-

21,486,630,000
18,782,280,000

18,782,280,000
18,782,280,000

18,782,280,000
18,782,280,000

18,782,280,000
18,782,280,000

4,384,782,571
23,167,062,571
23,167,062,571

6,676,310,000

10,176,600,000
604,800,000
1,407,099,000
958,586,194
960,261,914
36,000,000
14,143,347,108
11,777,661,914

10,176,600,000
604,800,000
1,407,099,000
747,521,344
991,921,641
36,000,000
13,963,941,985
11,809,321,641

10,176,600,000
604,800,000
1,407,099,000
536,456,494
1,023,581,369
36,000,000
13,784,536,863
11,840,981,369

10,176,600,000
604,800,000
536,456,494
19,054,466
1,101,191,673
36,000,000
12,474,102,632
11,918,591,673

10,176,600,000
604,800,000
1,943,555,494
1,465,728
1,103,829,984
36,000,000
13,866,251,206
11,921,229,984

4,818,338,015
6,972,958,359
0.7695
5,365,465,034
4,833,556,864

4,997,743,137
6,941,298,631
0.6750
4,685,178,862
9,518,735,726

6,308,177,368
6,863,688,327
0.5921
4,063,854,488
13,582,590,214

9,300,811,366
11,245,832,588
0.5194
5,840,733,051
19,423,323,265

12,161,620,907.4
17,159,364,044.9

17,159,364,044.9
23,467,541,412.5

23,467,541,412.5
32,768,352,778.4

6,676,310,000
6,676,310,000

Arus Bersih (NCF)

CASH FLOW UNTUK MENGHITUNG IRR
Discount Factor (14%)
Present Value
CUMMULATIVE
ANALISIS KELAYAKAN USAHA
NPV (14%)
IRR
Net B/C
PBP

1
18,782,280,000

(6,676,310,000)
1.0000
(6,676,310,000)
(6,676,310,000)

Rp

7,343,282,892
7,004,618,086
0.8772
6,144,401,830
(531,908,170)

19,423,323,265
103.43%
2.43
1.0 tahun
11.6 bulan

7,343,282,892.5

(0.508)
7,343,282,892.5
12,161,620,907.4

PROYEKSI NERACA, AKHIR TAHUN

URAIAN

AKTIVA LANCAR
1. Kas
2. Bank
3. Piutang
4. Persediaan
Jumlah Aktiva lancar
AKTIVA TETAP
1. Kendaraan, mesin & peralatan
2. Akumulasi Penyusutan
Jumlah Aktiva tetap

Tahun Ke . . .
0

1,669,077,500
2,028,262,500
0
0
3,697,340,000

0
6,759,270,294
2,253,090,098
9,012,360,392

0
10,373,023,806
3,457,674,602
13,830,698,407

0
14,121,331,159
4,707,110,386
18,828,441,545

0
18,199,482,305
6,066,494,102
24,265,976,406

0
22,288,846,271
7,429,615,424
29,718,461,694

5,007,232,500
0
5,007,232,500

5,007,232,500
604,547,714
4,402,684,786

5,007,232,500
1,209,095,429
3,798,137,071

5,007,232,500
1,813,643,143
3,193,589,357

5,007,232,500
2,418,190,857
2,589,041,643

5,007,232,500
3,022,738,571
1,984,493,929

8,704,572,500

13,415,045,178

17,628,835,479

22,022,030,902

26,855,018,049

31,702,955,623

7,035,495,000
7,035,495,000

5,628,396,000
5,628,396,000

4,221,297,000
4,221,297,000

2,814,198,000
2,814,198,000

1,407,099,000
1,407,099,000

0
0

1,669,077,500
0

2,345,165,000
5,441,484,178

2,345,165,000
11,062,373,479

2,345,165,000
16,862,667,902

2,345,165,000
23,102,754,049

2,345,165,000
29,357,790,623

Jumlah Modal

1,669,077,500

7,786,649,178

13,407,538,479

19,207,832,902

25,447,919,049

31,702,955,623

JUMLAH PASIVA

8,704,572,500

13,415,045,178

17,628,835,479

22,022,030,902

26,855,018,049

31,702,955,623

JUMLAH AKTIVA
HUTANG
1. Hutang dagang
2. Bank
Jumlah Hutang
MODAL
1. Modal sendiri
2. Laba ditahan

RASIO KEUANGAN

URAIAN

Tahun 0 Tahun 1 Tahun 2 Tahun 3

Rasio Likuiditas
- Current Ratio

52.6

160.1

327.6

669.1

Rasio Leverage (Solvabilitas)

- Debt to Asset Ratio
- Debt to Equity Ratio

80.8
421.5

42.0
72.3

23.9
31.5

12.8
14.7

29.0
81.5
326.0

29.9
84.2
72.2

30.9
86.9
43.3

Rasio Profitabilitas
- Net Profit Margin
- Return on Investment
- Return on Equty

NA = Nilai tak terdefinisikan.

Analisis Sensitivitas Kenaikan Biaya Variabel

Biaya Variabel

2%
Rupiah

No
A

C
D

E
F

Tahun

Uraian

Arus Masuk
1. Total Penjualan
2. Kredit
a. Investasi
b. Modal Kerja
3. Modal Sendiri
a. Investasi
b. Modal Kerja
4. Nilai Sisa Proyek
Total Arus Masuk
Arus Masuk unt Menghitung IRR

18,782,280,000

18,782,280,000

18,782,280,000

18,782,280,000

5,007,232,500
2,028,262,500
1,669,077,500
676,087,500

Arus Keluar
1. Biaya Investasi
2. Biaya Variabel
3. Biaya Tetap
4. Angsuran Pokok
5. Angsuran Bunga
6. Pajak
7. Biaya Pemasaran/Distribusi
Total Arus Keluar
Arus Keluar unt Menghitung IRR
Arus Bersih (NCF)
CASH FLOW UNTUK MENGHITUNG IRR
Discount Factor (14%)
Present Value
CUMMULATIVE
ANALISIS KELAYAKAN USAHA
NPV (14%)
IRR
Net B/C
PBP

1
18,782,280,000

Rp

6,676,310,000
-

21,486,630,000
18,782,280,000

18,782,280,000
18,782,280,000

4,384,782,571
23,167,062,571
23,167,062,571

4,384,782,571
23,167,062,571
23,167,062,571

4,384,782,571
23,167,062,571
23,167,062,571

6,676,310,000

6,676,310,000
6,676,310,000

203,532,000
604,800,000
1,407,099,000
958,586,194
960,261,914
36,000,000
4,170,279,108
1,804,593,914

203,532,000
604,800,000
1,407,099,000
747,521,344
991,921,641
36,000,000
3,990,873,985
1,836,253,641

203,532,000
604,800,000
1,407,099,000
536,456,494
1,023,581,369
36,000,000
3,811,468,863
1,867,913,369

604,800,000
536,456,494
19,054,466
1,101,191,673
36,000,000
2,297,502,632
1,741,991,673

10,000,000
604,800,000
1,943,555,494
1,465,728
1,103,829,984
36,000,000
3,699,651,206
1,754,629,984

(6,676,310,000)
1.0000
(6,676,310,000)
(6,676,310,000)

17,316,350,892
16,977,686,086
0.8772
14,892,707,093
8,216,397,093

14,791,406,015
16,946,026,359
0.7695
13,039,417,020
21,255,814,113

19,355,593,709
21,299,149,203
0.6750
14,376,319,031
35,632,133,144

20,869,559,939
21,425,070,898
0.5921
12,685,361,920
48,317,495,064

19,467,411,366
21,412,432,588
0.5194
11,120,946,514
59,438,441,578

34,905,062,147
252.11%
6.34
0.52 tahun

Analisis Sensitivitas Kenaikan Biaya Variabel

Biaya Variabel
Rupiah
No
A

C
D

E
F

Uraian
Arus Masuk
1. Total Penjualan
2. Kredit
a. Investasi
b. Modal Kerja
3. Modal Sendiri
a. Investasi
b. Modal Kerja
4. Nilai Sisa Proyek
Total Arus Masuk
Arus Masuk unt Menghitung IRR
Arus Keluar
1. Biaya Investasi
2. Biaya Variabel
3. Biaya Tetap
4. Angsuran Pokok
5. Angsuran Bunga
6. Pajak
7. Biaya Pemasaran/Distribusi
Total Arus Keluar
Arus Keluar unt Menghitung IRR
Arus Bersih (NCF)
CASH FLOW UNTUK MENGHITUNG IRR
Discount Factor (14%)
Present Value
CUMMULATIVE
ANALISIS KELAYAKAN USAHA
NPV (14%)
IRR
Net B/C
PBP

Tahun
0

1
18,782,280,000

18,782,280,000

18,782,280,000

5,007,232,500
2,028,262,500
1,669,077,500
676,087,500
6,676,310,000
-

21,486,630,000
18,782,280,000

18,782,280,000
18,782,280,000

4,384,782,571
23,167,062,571
23,167,062,571

6,676,310,000

6,676,310,000
6,676,310,000

604,800,000
1,407,099,000
958,586,194
960,261,914
36,000,000
3,966,747,108
1,601,061,914

604,800,000
1,407,099,000
747,521,344
991,921,641
36,000,000
3,787,341,985
1,632,721,641

10,000,000
604,800,000
1,407,099,000
536,456,494
1,023,581,369
36,000,000
3,617,936,863
1,674,381,369

(6,676,310,000)
1.0000
(6,676,310,000)
(6,676,310,000)

17,519,882,892
17,181,218,086
0.8772
15,071,243,935
8,394,933,935

14,994,938,015
17,149,558,359
0.7695
13,196,028,285
21,590,962,220

19,549,125,709
21,492,681,203
0.6750
14,506,947,619
36,097,909,838

#############
255.18%
6.41
0.51 tahun
6.1

Analisis Sensitivitas Penurunan Pendapatan

Pendapatan
Rupiah
No
A

C
D

E
F

Uraian
Arus Masuk
1. Total Penjualan
2. Kredit
a. Investasi
b. Modal Kerja
3. Modal Sendiri
a. Investasi
b. Modal Kerja
4. Nilai Sisa Proyek
Total Arus Masuk
Arus Masuk unt Menghitung IRR
Arus Keluar
1. Biaya Investasi
2. Biaya Variabel
3. Biaya Tetap
4. Angsuran Pokok
5. Angsuran Bunga
6. Pajak
7. Biaya Pemasaran/Distribusi
Total Arus Keluar
Arus Keluar unt Menghitung IRR
Arus Bersih (NCF)
CASH FLOW UNTUK MENGHITUNG IRR
Discount Factor (14%)
Present Value
CUMMULATIVE
ANALISIS KELAYAKAN USAHA
NPV (14%)
IRR
Net B/C
PBP

Tahun
0

2
-

3
-

5,007,232,500
2,028,262,500
1,669,077,500
676,087,500
2,704,350,000
-

6,676,310,000

6,676,310,000
6,676,310,000

10,176,600,000
604,800,000
1,407,099,000
958,586,194
960,261,914
36,000,000
14,143,347,108
11,777,661,914

10,176,600,000
604,800,000
1,407,099,000
747,521,344
991,921,641
36,000,000
13,963,941,985
11,809,321,641

10,000,000
10,176,600,000
604,800,000
1,407,099,000
536,456,494
1,023,581,369
36,000,000
13,794,536,863
11,850,981,369

(6,676,310,000)
1.0000
(6,676,310,000)
(6,676,310,000)

(11,438,997,108)
(11,777,661,914)
0.8772
(10,331,282,381)
(17,007,592,381)

(13,963,941,985)
(11,809,321,641)
0.7695
(9,086,889,536)
(26,094,481,917)

(9,409,754,291)
(7,466,198,797)
0.6750
(5,039,471,523)
(31,133,953,439)

#############
#NUM!
(3.66)
(3.18) tahun
-38.1

4,384,782,571
4,384,782,571
4,384,782,571

6,676,310,000
-

Analisis Sensitivitas Penurunan Pendapatan

Pendapatan
Rupiah
No
A

C
D

E
F

Uraian
Arus Masuk
1. Total Penjualan
2. Kredit
a. Investasi
b. Modal Kerja
3. Modal Sendiri
a. Investasi
b. Modal Kerja
4. Nilai Sisa Proyek
Total Arus Masuk
Arus Masuk unt Menghitung IRR
Arus Keluar
1. Biaya Investasi
2. Biaya Variabel
3. Biaya Tetap
4. Angsuran Pokok
5. Angsuran Bunga
6. Pajak
7. Biaya Pemasaran/Distribusi
Total Arus Keluar
Arus Keluar unt Menghitung IRR
Arus Bersih (NCF)
CASH FLOW UNTUK MENGHITUNG IRR
Discount Factor (14%)
Present Value
CUMMULATIVE
ANALISIS KELAYAKAN USAHA
NPV (14%)
IRR
Net B/C
PBP

Tahun
0

2
-

3
-

5,007,232,500
2,028,262,500
1,669,077,500
676,087,500
2,704,350,000
-

6,676,310,000

6,676,310,000
6,676,310,000

10,176,600,000
604,800,000
1,407,099,000
958,586,194
960,261,914
36,000,000
14,143,347,108
11,777,661,914

10,176,600,000
604,800,000
1,407,099,000
747,521,344
991,921,641
36,000,000
13,963,941,985
11,809,321,641

10,000,000
10,176,600,000
604,800,000
1,407,099,000
536,456,494
1,023,581,369
36,000,000
13,794,536,863
11,850,981,369

(6,676,310,000)
1.0000
(6,676,310,000)
(6,676,310,000)

(11,438,997,108)
(11,777,661,914)
0.8772
(10,331,282,381)
(17,007,592,381)

(13,963,941,985)
(11,809,321,641)
0.7695
(9,086,889,536)
(26,094,481,917)

(9,409,754,291)
(7,466,198,797)
0.6750
(5,039,471,523)
(31,133,953,439)

#############
#NUM!
(3.66)
(3.18) tahun
-38.1

4,384,782,571
4,384,782,571
4,384,782,571

6,676,310,000
-

Analisis Sensitivitas Kenaikan Biaya Variabel dan Penurunan Pendapatan

Biaya Variabel
Pendapatan
Rupiah
No
A

C
D

E
F

Uraian
Arus Masuk
1. Total Penjualan
2. Kredit
a. Investasi
b. Modal Kerja
3. Modal Sendiri
a. Investasi
b. Modal Kerja
4. Nilai Sisa Proyek
Total Arus Masuk
Arus Masuk unt Menghitung IRR
Arus Keluar
1. Biaya Investasi
2. Biaya Variabel
3. Biaya Tetap
4. Angsuran Pokok
5. Angsuran Bunga
6. Pajak
7. Biaya Pemasaran/Distribusi
Total Arus Keluar
Arus Keluar unt Menghitung IRR
Arus Bersih (NCF)
CASH FLOW UNTUK MENGHITUNG IRR
Discount Factor (14%)
Present Value
CUMMULATIVE
ANALISIS KELAYAKAN USAHA
NPV (14%)
IRR
Net B/C
PBP

Tahun
0

2
-

3
-

5,007,232,500
2,028,262,500
1,669,077,500
676,087,500
2,704,350,000
-

6,676,310,000

6,676,310,000
6,676,310,000

604,800,000
1,407,099,000
958,586,194
960,261,914
36,000,000
3,966,747,108
1,601,061,914

604,800,000
1,407,099,000
747,521,344
991,921,641
36,000,000
3,787,341,985
1,632,721,641

10,000,000
604,800,000
1,407,099,000
536,456,494
1,023,581,369
36,000,000
3,617,936,863
1,674,381,369

(6,676,310,000)
1.0000
(6,676,310,000)
(6,676,310,000)

(1,262,397,108)
(1,601,061,914)
0.8772
(1,404,440,275)
(8,080,750,275)

(3,787,341,985)
(1,632,721,641)
0.7695
(1,256,326,286)
(9,337,076,561)

766,845,709
2,710,401,203
0.6750
1,829,443,609
(7,507,632,952)

#############
-42.77%
(0.12)
7.10 tahun
85.2

4,384,782,571
4,384,782,571
4,384,782,571

6,676,310,000
-

Analisis Sensitivitas Kenaikan Biaya Variabel dan Penurunan Pendapatan

Biaya Variabel
Pendapatan
Rupiah
No
A

C
D

E
F

Uraian
Arus Masuk
1. Total Penjualan
2. Kredit
a. Investasi
b. Modal Kerja
3. Modal Sendiri
a. Investasi
b. Modal Kerja
4. Nilai Sisa Proyek
Total Arus Masuk
Arus Masuk unt Menghitung IRR
Arus Keluar
1. Biaya Investasi
2. Biaya Variabel
3. Biaya Tetap
4. Angsuran Pokok
5. Angsuran Bunga
6. Pajak
7. Biaya Pemasaran/Distribusi
Total Arus Keluar
Arus Keluar unt Menghitung IRR
Arus Bersih (NCF)
CASH FLOW UNTUK MENGHITUNG IRR
Discount Factor (14%)
Present Value
CUMMULATIVE
ANALISIS KELAYAKAN USAHA
NPV (14%)
IRR
Net B/C
PBP

Tahun
0

2
-

3
-

5,007,232,500
2,028,262,500
1,669,077,500
676,087,500
2,704,350,000
-

6,676,310,000

6,676,310,000
6,676,310,000

604,800,000
1,407,099,000
958,586,194
960,261,914
36,000,000
3,966,747,108
1,601,061,914

604,800,000
1,407,099,000
747,521,344
991,921,641
36,000,000
3,787,341,985
1,632,721,641

10,000,000
604,800,000
1,407,099,000
536,456,494
1,023,581,369
36,000,000
3,617,936,863
1,674,381,369

(6,676,310,000)
1.0000
(6,676,310,000)
(6,676,310,000)

(1,262,397,108)
(1,601,061,914)
0.8772
(1,404,440,275)
(8,080,750,275)

(3,787,341,985)
(1,632,721,641)
0.7695
(1,256,326,286)
(9,337,076,561)

766,845,709
2,710,401,203
0.6750
1,829,443,609
(7,507,632,952)

#############
-42.77%
(0.12)
7.10 tahun
85.2

4,384,782,571
4,384,782,571
4,384,782,571

6,676,310,000
-

Tabel 10 : Rumus perhitungan Discount Factor (DF) untuk per tahun

Rumus DF =

r = suku bunga

(1+r)n

n = 1, 2 n (tahun)

r = 14%
(konstan)1.0000
Parameter
n
r
1+r
(1+r)n
DF *)
1/(1+r)n

Thn 0
0
14%
1.14
1.00

Thn 1
1
14%
1.14
1.14

Thn 2
2
14%
1.14
1.30

Thn 3
3
14%
1.14
1.48

Thn 4
4
0.14
1.14
1.69

Thn 5
5
14%
1.14
1.93

Thn 6
6
14%
1.14
2.19

Thn 7
7
14%
1.14
2.50

Thn 8
8
14%
1.14
2.85

Thn 9 Thn 10
9
10
14%
14%
1.14
1.14
3.25
3.71

11
11
14%
1.14
4.23

12
12
14%
1.14
4.82

13
13
14%
1.14
5.49

14
14
14%
1.14
6.26

15
15
14%
1.14
7.14

16
16
14%
1.14
8.14

17
17
14%
1.14
9.28

18
18
14%
1.14
10.58

19
19
14%
1.14
12.06

20
20
14%
1.14
13.74

21
21
14%
1.14
15.67

22
22
14%
1.14
17.86

23
23
14%
1.14
20.36

24
24
14%
1.14
23.21

25
25
14%
1.14
26.46

1.0000

0.8772

0.7695

0.6750

0.5921

0.5194

0.4556

0.3996

0.3506

0.3075

0.2366

0.2076

0.1821

0.1597

0.1401

0.1229

0.1078

0.0946

0.0829

0.0728

0.0638

0.0560

0.0491

0.0431

0.0378

0.2697

Keterangan :*) Nilai DF akan berubah jika r thn 1, 2 .. n diganti sesuai dengan nilai r yang diinginkan/dicari