Biaya Dibayar Dimuka -13.24% - 4. ANALISA dan PEMBAHASAN

Uang Muka 2.73%

Persediaan 5.67

Hutang Dagang 4.97

Hutang PPH 21 0.00%

Hutang PPN 0.00%

Hutang Lain-lain 4.80%

Jumlah 8,212,724,555.24 9,179,362,235.39 10,259,773,170.50 Pemakaian Bahan Dasar 6,050,524,212.83 6,350,685,593.86 6,665,737,726.75 Pemakaian Bahan Pembantu 132,368,156.11 136,393,761.60 140,541,794.57

Eksploitasi 1,011,359,715.59 1,030,172,946.33 1,049,336,139.26

7,194,252,084.53 7,517,252,301.80 7,855,615,660.58 Barang Dalam Proses Awal 54,686,258.34 55,050,398.99 55,416,964.35 Barang Dalam Proses Akhir 245,504,768.59 252,843,696.25 260,402,008.08 HARGA POKOK PRODUKSI 7,003,433,574.28 7,319,459,004.54 7,650,630,616.85

Barang Jadi Awal 206,827,911.37 212,036,631.65 217,376,527.48

Barang Jadi Dari Jakarta 394,552,349.31 413,507,271.67 433,372,818.66

Barang Dagangan 0.00 0.00 0.00

Barang Jadi Akhir 115,989,791.10 117,627,935.85 119,289,216.42

HARGA POKOK PENJUALAN 7,488,824,043.86 7,827,374,972.00 8,182,090,746.57

LABA KOTOR 723,900,511.38 1,351,987,263.39 2,077,682,423.93

BIAYA-BIAYA :

Biaya Penjualan 246,465,005.36 253,858,955.52 261,474,724.19

Biaya Umum dan Administrasi 503,249,902.39 534,099,121.41 566,839,397.55 749,714,907.75 787,958,076.93 828,314,121.74

LABA (RUGI) USAHA (25,814,396.37) 564,029,186.46 1,249,368,302.19

BIAYA LAIN-LAIN 89,137,168.95 30,933,788.71 26,973,158.44

PENDAPATAN LAIN-LAIN 1,589,134.12 1,589,134.12 1,589,134.12

(87,548,034.83) (29,344,654.59) (25,384,024.32) LABA (RUGI) SEBELUM PPH BADAN (113,362,431.20) 534,684,531.88 1,223,984,277.87

Kompensasi kerugian (113,362,431.20)

(113,362,431.20) 421,322,100.68 1,223,984,277.87

Pajak 0.00 108,896,630.20 349,695,283.36

LABA (RUGI) SESUDAH PPH BADAN (113,362,431.20) 312,425,470.47 874,288,994.51

Pemakaian Bahan Pembantu 3.04% ROE -21.45%

Eksploitasi 1.86% IGR -2.64%

Barang Dalam Proses Awal 0.67% SGR -47.14%

Barang Dalam Proses Akhir 2.99%

Barang Jadi Awal 2.52%

Barang Jadi Dari Jakarta 4.80%

Barang Dagangan 0.00%

Barang Jadi Akhir 1.41%

Biaya Penjualan 3.00% (tahun 2004)

Biaya Umum dan Administrasi 6.13% (tahun 2004)

Biaya Lain-lain 0.00%

Pendapatan Lain-lain 0.00%

11,467,348,472.66 12,817,055,387.90 14,325,622,807.05 16,011,748,611.44 17,896,331,423.01 11,467,348,472.66 12,817,055,387.90 14,325,622,807.05 16,011,748,611.44 17,896,331,423.01 6,996,419,329.08 7,343,505,765.60 7,707,810,866.22 8,090,188,834.30 8,491,536,249.48 144,815,978.31 149,220,149.34 153,758,260.85 158,434,386.27 163,252,722.90 1,068,855,804.33 1,088,738,572.61 1,108,991,198.53 1,129,620,562.13 1,150,633,671.47 8,210,091,111.72 8,581,464,487.54 8,970,560,325.60 9,378,243,782.70 9,805,422,643.85 55,785,970.57 56,157,433.90 56,531,370.70 56,907,797.44 57,286,730.70 268,186,262.17 276,203,212.67 284,459,815.62 292,963,235.01 301,720,848.97 7,997,690,820.12 8,361,418,708.77 8,742,631,880.67 9,142,188,345.13 9,560,988,525.59 222,850,902.38 228,463,143.04 234,216,721.46 240,115,197.04 246,162,218.88 454,192,738.11 476,012,879.60 498,881,295.40 522,848,346.26 547,966,812.36

0.00 0.00 0.00 0.00 0.00

120,973,959.55 122,682,496.62 124,415,163.66 126,172,301.47 127,954,255.65 8,553,760,501.06 8,943,212,234.80 9,351,314,733.87 9,778,979,586.97 10,227,163,301.17 2,913,587,971.61 3,873,843,153.10 4,974,308,073.19 6,232,769,024.48 7,669,168,121.84 269,318,965.91 277,398,534.89 285,720,490.94 294,292,105.66 303,120,868.83 601,586,652.62 638,463,914.42 677,601,752.38 719,138,739.80 763,221,944.55 870,905,618.53 915,862,449.31 963,322,243.31 1,013,430,845.46 1,066,342,813.38 2,042,682,353.08 2,957,980,703.78 4,010,985,829.87 5,219,338,179.01 6,602,825,308.45 23,519,686.36 20,508,423.78 17,882,740.52 15,593,259.34 13,596,926.97 1,589,134.12 1,589,134.12 1,589,134.12 1,589,134.12 1,589,134.12 (21,930,552.24) (18,919,289.66) (16,293,606.40) (14,004,125.22) (12,007,792.85) 2,020,751,800.84 2,939,061,414.12 3,994,692,223.47 5,205,334,053.79 6,590,817,515.61 2,020,751,800.84 2,939,061,414.12 3,994,692,223.47 5,205,334,053.79 6,590,817,515.61 588,725,540.25 864,218,424.24 1,180,907,667.04 1,544,100,216.14 1,959,745,254.68 1,432,026,260.59 2,074,842,989.88 2,813,784,556.43 3,661,233,837.65 4,631,072,260.92

20,002,729,631.50 22,357,050,909.13 24,988,475,801.13 27,929,619,402.92 20,002,729,631.50 22,357,050,909.13 24,988,475,801.13 27,929,619,402.92 8,912,794,169.96 9,354,950,339.05 9,819,041,501.15 10,306,155,832.68 168,217,595.70 173,333,461.16 178,604,911.28 184,036,677.75 1,172,037,664.96 1,193,839,813.78 1,216,047,524.39 1,238,668,341.01 10,253,049,430.62 10,722,123,613.98 11,213,693,936.81 11,728,860,851.45 57,668,187.18 58,052,183.66 58,438,737.08 58,827,864.44 310,740,256.20 320,029,282.53 329,595,987.76 339,448,672.60 9,999,977,361.60 10,460,146,515.11 10,942,536,686.13 11,448,240,043.29 252,361,527.92 258,716,959.34 265,232,444.91 271,912,015.41 574,292,009.53 601,881,911.03 630,797,275.28 661,101,779.62

0.00 0.00 0.00 0.00

129,761,376.70 131,594,020.04 133,452,546.13 135,337,320.53 10,696,869,522.35 11,189,151,365.44 11,705,113,860.19 12,245,916,517.79 9,305,860,109.15 11,167,899,543.68 13,283,361,940.94 15,683,702,885.14 312,214,494.90 321,580,929.75 331,228,357.64 341,165,208.37 810,007,449.75 859,660,906.42 912,358,119.98 968,285,672.74 1,122,221,944.65 1,181,241,836.17 1,243,586,477.62 1,309,450,881.11 8,183,638,164.50 9,986,657,707.52 12,039,775,463.32 14,374,252,004.03 11,856,204.01 10,338,358.77 9,014,851.39 7,860,797.01 1,589,134.12 1,589,134.12 1,589,134.12 1,589,134.12 (10,267,069.89) (8,749,224.65) (7,425,717.27) (6,271,662.89) 8,173,371,094.61 9,977,908,482.87 12,032,349,746.05 14,367,980,341.15 8,173,371,094.61 9,977,908,482.87 12,032,349,746.05 14,367,980,341.15 2,434,511,328.38 2,975,872,544.86 3,592,204,923.82 4,292,894,102.34 5,738,859,766.23 7,002,035,938.01 8,440,144,822.24 10,075,086,238.80

Jumlah 8,212,724,555.24 8,770,368,552.54 9,365,876,577.26 Pemakaian Bahan Dasar 6,050,524,212.83 6,350,685,593.86 6,665,737,726.75 Pemakaian Bahan Pembantu 132,368,156.11 136,393,761.60 140,541,794.57

Eksploitasi 1,011,359,715.59 1,030,172,946.33 1,049,336,139.26

Barang Jadi Awal 206,827,911.37 212,036,631.65 217,376,527.48

Barang Jadi Dari Jakarta 394,552,349.31 413,507,271.67 433,372,818.66

Barang Dagangan 0.00 0.00 0.00

Barang Jadi Akhir 115,989,791.10 117,627,935.85 119,289,216.42

HARGA POKOK PENJUALAN 7,488,824,043.86 7,827,374,972.00 8,182,090,746.57

LABA KOTOR 723,900,511.38 942,993,580.54 1,183,785,830.69

BIAYA-BIAYA :

Biaya Penjualan 246,465,005.36 253,858,955.52 261,474,724.19

Biaya Umum dan Administrasi 503,249,902.39 534,099,121.41 566,839,397.55 749,714,907.75 787,958,076.93 828,314,121.74

LABA (RUGI) USAHA (25,814,396.37) 155,035,503.61 355,471,708.95

BIAYA LAIN-LAIN 89,137,168.95 30,933,788.71 26,973,158.44

PENDAPATAN LAIN-LAIN 1,589,134.12 1,589,134.12 1,589,134.12

(87,548,034.83) (29,344,654.59) (25,384,024.32) LABA (RUGI) SEBELUM PPH BADAN (113,362,431.20) 125,690,849.02 330,087,684.63

Kompensasi kerugian (113,362,431.20)

(113,362,431.20) 12,328,417.82 330,087,684.63

Pajak 0.00 1,232,841.78 81,526,305.39

LABA (RUGI) SESUDAH PPH BADAN (113,362,431.20) 11,095,576.04 248,561,379.24

Pemakaian Bahan Pembantu 3.04% ROE -21.45%

Eksploitasi 1.86% IGR -2.64%

Barang Dalam Proses Awal 0.67% SGR -47.14%

Barang Dalam Proses Akhir 2.99%

Barang Jadi Awal 2.52%

Barang Jadi Dari Jakarta 4.80%

Barang Dagangan 0.00%

Barang Jadi Akhir 1.41%

Biaya Penjualan 3.00% (tahun 2004)

Biaya Umum dan Administrasi 6.13% (tahun 2004)

Biaya Lain-lain 0.00%

Pendapatan Lain-lain 0.00%

10,001,819,596.85 10,680,943,147.48 11,406,179,187.19 12,180,658,754.01 13,007,725,483.40 10,001,819,596.85 10,680,943,147.48 11,406,179,187.19 12,180,658,754.01 13,007,725,483.40 6,996,419,329.08 7,343,505,765.60 7,707,810,866.22 8,090,188,834.30 8,491,536,249.48 144,815,978.31 149,220,149.34 153,758,260.85 158,434,386.27 163,252,722.90 1,068,855,804.33 1,088,738,572.61 1,108,991,198.53 1,129,620,562.13 1,150,633,671.47 8,210,091,111.72 8,581,464,487.54 8,970,560,325.60 9,378,243,782.70 9,805,422,643.85 55,785,970.57 56,157,433.90 56,531,370.70 56,907,797.44 57,286,730.70 268,186,262.17 276,203,212.67 284,459,815.62 292,963,235.01 301,720,848.97 7,997,690,820.12 8,361,418,708.77 8,742,631,880.67 9,142,188,345.13 9,560,988,525.59 222,850,902.38 228,463,143.04 234,216,721.46 240,115,197.04 246,162,218.88 454,192,738.11 476,012,879.60 498,881,295.40 522,848,346.26 547,966,812.36

0.00 0.00 0.00 0.00 0.00

120,973,959.55 122,682,496.62 124,415,163.66 126,172,301.47 127,954,255.65 8,553,760,501.06 8,943,212,234.80 9,351,314,733.87 9,778,979,586.97 10,227,163,301.17 1,448,059,095.80 1,737,730,912.68 2,054,864,453.33 2,401,679,167.04 2,780,562,182.23 269,318,965.91 277,398,534.89 285,720,490.94 294,292,105.66 303,120,868.83 601,586,652.62 638,463,914.42 677,601,752.38 719,138,739.80 763,221,944.55 870,905,618.53 915,862,449.31 963,322,243.31 1,013,430,845.46 1,066,342,813.38 577,153,477.27 821,868,463.37 1,091,542,210.01 1,388,248,321.57 1,714,219,368.85 23,519,686.36 20,508,423.78 17,882,740.52 15,593,259.34 13,596,926.97 1,589,134.12 1,589,134.12 1,589,134.12 1,589,134.12 1,589,134.12 (21,930,552.24) (18,919,289.66) (16,293,606.40) (14,004,125.22) (12,007,792.85) 555,222,925.03 802,949,173.70 1,075,248,603.61 1,374,244,196.35 1,702,211,576.00 555,222,925.03 802,949,173.70 1,075,248,603.61 1,374,244,196.35 1,702,211,576.00 149,066,877.51 223,384,752.11 305,074,581.08 394,773,258.91 493,163,472.80 406,156,047.52 579,564,421.59 770,174,022.53 979,470,937.45 1,209,048,103.20

13,890,950,043.72 14,834,145,551.69 15,841,384,034.65 16,917,014,010.61 13,890,950,043.72 14,834,145,551.69 15,841,384,034.65 16,917,014,010.61 8,912,794,169.96 9,354,950,339.05 9,819,041,501.15 10,306,155,832.68 168,217,595.70 173,333,461.16 178,604,911.28 184,036,677.75 1,172,037,664.96 1,193,839,813.78 1,216,047,524.39 1,238,668,341.01 10,253,049,430.62 10,722,123,613.98 11,213,693,936.81 11,728,860,851.45 57,668,187.18 58,052,183.66 58,438,737.08 58,827,864.44 310,740,256.20 320,029,282.53 329,595,987.76 339,448,672.60 9,999,977,361.60 10,460,146,515.11 10,942,536,686.13 11,448,240,043.29 252,361,527.92 258,716,959.34 265,232,444.91 271,912,015.41 574,292,009.53 601,881,911.03 630,797,275.28 661,101,779.62

0.00 0.00 0.00 0.00

129,761,376.70 131,594,020.04 133,452,546.13 135,337,320.53 10,696,869,522.35 11,189,151,365.44 11,705,113,860.19 12,245,916,517.79 3,194,080,521.38 3,644,994,186.25 4,136,270,174.46 4,671,097,492.82 312,214,494.90 321,580,929.75 331,228,357.64 341,165,208.37 810,007,449.75 859,660,906.42 912,358,119.98 968,285,672.74 1,122,221,944.65 1,181,241,836.17 1,243,586,477.62 1,309,450,881.11 2,071,858,576.73 2,463,752,350.09 2,892,683,696.84 3,361,646,611.72 11,856,204.01 10,338,358.77 9,014,851.39 7,860,797.01 1,589,134.12 1,589,134.12 1,589,134.12 1,589,134.12 (10,267,069.89) (8,749,224.65) (7,425,717.27) (6,271,662.89) 2,061,591,506.84 2,455,003,125.44 2,885,257,979.58 3,355,374,948.83 2,061,591,506.84 2,455,003,125.44 2,885,257,979.58 3,355,374,948.83 600,977,452.05 719,000,937.63 848,077,393.87 989,112,484.65 1,460,614,054.79 1,736,002,187.81 2,037,180,585.70 2,366,262,464.18

Jumlah 8,212,724,555.24 8,656,211,681.22 9,123,647,112.01 Pemakaian Bahan Dasar 6,050,524,212.83 6,350,685,593.86 6,665,737,726.75 Pemakaian Bahan Pembantu 132,368,156.11 136,393,761.60 140,541,794.57

Eksploitasi 1,011,359,715.59 1,030,172,946.33 1,049,336,139.26

Barang Jadi Awal 206,827,911.37 212,036,631.65 217,376,527.48

Barang Jadi Dari Jakarta 394,552,349.31 413,507,271.67 433,372,818.66

Barang Dagangan 0.00 0.00 0.00

Barang Jadi Akhir 115,989,791.10 117,627,935.85 119,289,216.42

HARGA POKOK PENJUALAN 7,488,824,043.86 7,827,374,972.00 8,182,090,746.57

LABA KOTOR 723,900,511.38 828,836,709.22 941,556,365.44

BIAYA-BIAYA :

Biaya Penjualan 246,465,005.36 253,858,955.52 261,474,724.19

Biaya Umum dan Administrasi 503,249,902.39 534,099,121.41 566,839,397.55 749,714,907.75 787,958,076.93 828,314,121.74

LABA (RUGI) USAHA (25,814,396.37) 40,878,632.29 113,242,243.70

BIAYA LAIN-LAIN 89,137,168.95 30,933,788.71 26,973,158.44

PENDAPATAN LAIN-LAIN 1,589,134.12 1,589,134.12 1,589,134.12

(87,548,034.83) (29,344,654.59) (25,384,024.32) LABA (RUGI) SEBELUM PPH BADAN (113,362,431.20) 11,533,977.71 87,858,219.39

Kompensasi kerugian (11,533,977.71) (87,858,219.39)

(113,362,431.20) 0.00 0.00

Pajak 0.00 0.00 0.00

LABA (RUGI) SESUDAH PPH BADAN (113,362,431.20) 0.00 0.00

Pemakaian Bahan Pembantu 3.04% ROE -21.45%

Eksploitasi 1.86% IGR -2.64%

Barang Dalam Proses Awal 0.67% SGR -47.14%

Barang Dalam Proses Akhir 2.99%

Barang Jadi Awal 2.52%

Barang Jadi Dari Jakarta 4.80%

Barang Dagangan 0.00%

Barang Jadi Akhir 1.41%

Biaya Penjualan 3.00% (tahun 2004)

Biaya Umum dan Administrasi 6.13% (tahun 2004)

Biaya Lain-lain 0.00%

Pendapatan Lain-lain 0.00%

9,616,324,056.06 10,135,605,555.08 10,682,928,255.06 11,259,806,380.83 11,867,835,925.40 9,616,324,056.06 10,135,605,555.08 10,682,928,255.06 11,259,806,380.83 11,867,835,925.40 6,996,419,329.08 7,343,505,765.60 7,707,810,866.22 8,090,188,834.30 8,491,536,249.48 144,815,978.31 149,220,149.34 153,758,260.85 158,434,386.27 163,252,722.90 1,068,855,804.33 1,088,738,572.61 1,108,991,198.53 1,129,620,562.13 1,150,633,671.47 8,210,091,111.72 8,581,464,487.54 8,970,560,325.60 9,378,243,782.70 9,805,422,643.85 55,785,970.57 56,157,433.90 56,531,370.70 56,907,797.44 57,286,730.70 268,186,262.17 276,203,212.67 284,459,815.62 292,963,235.01 301,720,848.97 7,997,690,820.12 8,361,418,708.77 8,742,631,880.67 9,142,188,345.13 9,560,988,525.59 222,850,902.38 228,463,143.04 234,216,721.46 240,115,197.04 246,162,218.88 454,192,738.11 476,012,879.60 498,881,295.40 522,848,346.26 547,966,812.36

0.00 0.00 0.00 0.00 0.00

120,973,959.55 122,682,496.62 124,415,163.66 126,172,301.47 127,954,255.65 8,553,760,501.06 8,943,212,234.80 9,351,314,733.87 9,778,979,586.97 10,227,163,301.17 1,062,563,555.00 1,192,393,320.28 1,331,613,521.19 1,480,826,793.87 1,640,672,624.22 269,318,965.91 277,398,534.89 285,720,490.94 294,292,105.66 303,120,868.83 601,586,652.62 638,463,914.42 677,601,752.38 719,138,739.80 763,221,944.55 870,905,618.53 915,862,449.31 963,322,243.31 1,013,430,845.46 1,066,342,813.38 191,657,936.47 276,530,870.97 368,291,277.88 467,395,948.40 574,329,810.84 23,519,686.36 20,508,423.78 17,882,740.52 15,593,259.34 13,596,926.97 1,589,134.12 1,589,134.12 1,589,134.12 1,589,134.12 1,589,134.12 (21,930,552.24) (18,919,289.66) (16,293,606.40) (14,004,125.22) (12,007,792.85) 169,727,384.23 257,611,581.31 351,997,671.48 453,391,823.18 562,322,017.99

(13,970,234.11)

155,757,150.12 257,611,581.31 351,997,671.48 453,391,823.18 562,322,017.99 29,227,145.04 59,783,474.39 88,099,301.44 118,517,546.95 151,196,605.40 126,530,005.09 197,828,106.92 263,898,370.04 334,874,276.23 411,125,412.60

12,508,699,065.37 13,184,168,814.90 13,896,113,930.90 14,646,504,083.17 12,508,699,065.37 13,184,168,814.90 13,896,113,930.90 14,646,504,083.17 8,912,794,169.96 9,354,950,339.05 9,819,041,501.15 10,306,155,832.68 168,217,595.70 173,333,461.16 178,604,911.28 184,036,677.75 1,172,037,664.96 1,193,839,813.78 1,216,047,524.39 1,238,668,341.01 10,253,049,430.62 10,722,123,613.98 11,213,693,936.81 11,728,860,851.45 57,668,187.18 58,052,183.66 58,438,737.08 58,827,864.44 310,740,256.20 320,029,282.53 329,595,987.76 339,448,672.60 9,999,977,361.60 10,460,146,515.11 10,942,536,686.13 11,448,240,043.29 252,361,527.92 258,716,959.34 265,232,444.91 271,912,015.41 574,292,009.53 601,881,911.03 630,797,275.28 661,101,779.62

0.00 0.00 0.00 0.00

129,761,376.70 131,594,020.04 133,452,546.13 135,337,320.53 10,696,869,522.35 11,189,151,365.44 11,705,113,860.19 12,245,916,517.79 1,811,829,543.02 1,995,017,449.46 2,191,000,070.71 2,400,587,565.39 312,214,494.90 321,580,929.75 331,228,357.64 341,165,208.37 810,007,449.75 859,660,906.42 912,358,119.98 968,285,672.74 1,122,221,944.65 1,181,241,836.17 1,243,586,477.62 1,309,450,881.11 689,607,598.37 813,775,613.29 947,413,593.09 1,091,136,684.28 11,856,204.01 10,338,358.77 9,014,851.39 7,860,797.01 1,589,134.12 1,589,134.12 1,589,134.12 1,589,134.12 (10,267,069.89) (8,749,224.65) (7,425,717.27) (6,271,662.89) 679,340,528.48 805,026,388.64 939,987,875.83 1,084,865,021.40 679,340,528.48 805,026,388.64 939,987,875.83 1,084,865,021.40 186,302,158.54 224,007,916.59 264,496,362.75 307,959,506.42 493,038,369.94 581,018,472.05 675,491,513.08 776,905,514.98

Kas dan Bank 38,986,223.41 1,014,998,715.23 1,716,057,533.72

Piutang Dagang 1,686,366,366.81 813,052,456.63 908,748,730.78

Piutang Lain-lain 15,948,140.76 20,853,515.21 27,267,698.67

Biaya Dibayar Dimuka 10,153,516.65 8,809,664.79 7,643,676.21

Uang Muka 102,834,920.17 105,639,581.66 108,520,735.90

Persediaan 1,629,749,672.76 1,380,489,413.05 1,443,049,514.39

TOTAL AKTIVA LANCAR 3,484,038,840.56 3,343,843,346.57 4,211,287,889.66 AKTIVA TETAP

Tanah 146,442,260.00 146,442,260.00 146,442,260.00

Bangunan 531,718,373.70 556,718,373.70 556,718,373.70

Akumulasi Penyusutan Bangunan 448,318,217.55 476,662,583.26 502,098,810.44

Nilai Buku 83,400,156.15 80,055,790.45 54,619,563.26

Mesin dan Peralatan Pabrik 2,250,504,055.79 2,325,504,055.79 2,325,504,055.79 Akumulasi Penyusutan Mesin dan Peralatan Pabrik 2,076,297,154.71 2,156,830,908.26 2,208,115,198.91

Nilai Buku 174,206,901.08 168,673,147.53 117,388,856.88

Inventaris Kantor 257,162,087.00 264,162,087.00 264,162,087.00

Akumulasi Penyusutan Inventaris Kantor 212,081,295.61 216,693,200.61 221,868,567.88

Nilai Buku 45,080,791.39 47,468,886.39 42,293,519.12

Kendaraan 213,677,641.00 413,677,641.00 413,677,641.00

Akumulasi Penyusutan Kendaraan 191,572,704.36 244,602,947.27 288,201,495.29

Nilai Buku 22,104,936.64 169,074,693.73 125,476,145.71

TOTAL AKTIVA TETAP 471,235,045.26 611,714,778.09 486,220,344.98

TOTAL AKTIVA 3,955,273,885.82 3,955,558,124.67 4,697,508,234.64

PASSIVA Hutang Lancar

Hutang Dagang 1,508,031,320.48 1,472,728,169.93 1,539,362,297.15

Hutang PPH 21 14,368,123.00 0.00 0.00

Hutang PPN 33,702,716.68 0.00 0.00

Hutang Mobil Hutang Bank

Hutang Lain-lain 60,528,819.08 63,433,593.39 66,477,767.64

TOTAL HUTANG LANCAR 1,616,630,979.24 1,536,161,763.32 1,605,840,064.79 Hutang Jangka Panjang

Hutang Bank Tetap 1,000,000,000.00 870,794,669.11 758,283,355.75

Hutang Bank Rek. Koran 810,089,782.12 707,623,097.31 618,117,224.65

TOTAL HUTANG JANGKA PANJANG 1,810,089,782.12 1,578,417,766.42 1,376,400,580.40 MODAL

Saham 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00

Laba Tahun Lalu (358,084,444.34) (471,446,875.54) (159,021,405.07)

AFN 0.00 0.00 0.00 3,955,273,885.82 3,955,558,124.67 4,697,508,234.64 Asumsi:

Cash Flow 1,014,998,715.23 1,716,057,533.72

Cash Ratio 183,587,244.71 205,195,463.41

Kas minimum 831,411,470.52 1,510,862,070.31

Hutang Bank Tetap 129,205,330.89 112,511,313.36

Hutang Bank rek Koran 102,466,684.81 89,505,872.66

Cash Ratio (persentage of sales) 2.00%

Piutang Dagang 11.29 A/R turnover tahun 2000,01,03

Piutang Lain-lain 30.76%

Biaya Dibayar Dimuka -13.24%

Uang Muka 2.73%

Persediaan 5.67 Inventory turnover tahun 2000,01,03

Hutang Dagang 4.97 A/P turnover

Hutang PPH 21 5.00%

Hutang PPN 0.32%

Hutang Lain-lain 4.80%

2,958,107,669.67 4,807,106,687.09 7,383,505,039.80 10,794,708,207.67 15,160,478,585.64 1,015,708,456.39 1,135,257,341.71 1,268,877,130.83 1,418,223,969.13 1,585,148,930.29 35,654,774.90 46,621,571.87 60,961,567.41 79,712,299.53 104,230,435.10 6,632,010.12 5,754,241.41 4,992,648.33 4,331,854.64 3,758,519.20 111,480,469.11 114,520,924.42 117,644,303.38 120,852,867.61 124,148,940.42 1,508,599,735.64 1,577,286,108.43 1,649,261,857.83 1,724,687,757.84 1,803,732,504.62 5,636,183,115.83 7,686,546,874.92 10,485,242,547.57 14,142,516,956.42 18,781,497,915.27

146,442,260.00 146,442,260.00 146,442,260.00 146,442,260.00 146,442,260.00 556,718,373.70 556,718,373.70 556,718,373.70 556,718,373.70 556,718,373.70 528,422,555.75 531,252,136.45 533,798,759.07 536,090,719.43 538,153,483.76 28,295,817.95 25,466,237.26 22,919,614.63 20,627,654.27 18,564,889.94 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,242,020,404.64 2,265,170,302.80 2,281,393,223.36 2,292,990,662.25 2,301,403,865.65 83,483,651.15 60,333,752.99 44,110,832.43 32,513,393.54 24,100,190.14 264,162,087.00 264,162,087.00 264,162,087.00 264,162,087.00 264,162,087.00 226,412,485.98 229,611,101.95 231,925,949.45 233,638,862.41 234,929,200.82 37,749,601.02 34,550,985.05 32,236,137.55 30,523,224.59 29,232,886.18 413,677,641.00 413,677,641.00 413,677,641.00 413,677,641.00 413,677,641.00 319,435,001.30 342,860,130.81 360,428,977.94 373,605,613.29 383,488,089.80 94,242,639.70 70,817,510.19 53,248,663.06 40,072,027.71 30,189,551.20 390,213,969.83 337,610,745.48 298,957,507.66 270,178,560.11 248,529,777.46 6,026,397,085.66 8,024,157,620.41 10,784,200,055.24 14,412,695,516.52 19,030,027,692.73

1,609,193,323.97 1,682,378,009.81 1,759,080,861.30 1,839,474,516.12 1,923,740,145.99

0.00 0.00 0.00 0.00 0.00

69,668,031.62 73,011,396.18 76,515,208.60 80,187,168.76 84,035,346.06 1,678,861,355.59 1,755,389,405.99 1,835,596,069.90 1,919,661,684.88 2,007,775,492.05

660,309,103.87 574,993,647.61 500,701,403.11 436,008,112.65 379,673,540.18 539,932,776.17 471,637,726.88 411,981,185.88 359,870,485.00 314,351,165.57 1,200,241,880.03 1,046,631,374.49 912,682,588.99 795,878,597.64 694,024,705.75

1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 715,267,589.44 2,147,293,850.03 4,222,136,839.92 7,035,921,396.35 10,697,155,234.00

0.00 0.00 0.00 0.00 0.00 6,026,397,085.66 8,024,157,620.41 10,784,200,055.24 14,412,695,516.52 19,030,027,692.73

2,958,107,669.67 4,807,106,687.09 7,383,505,039.80 10,794,708,207.67 15,160,478,585.64 229,346,969.45 256,341,107.76 286,512,456.14 320,234,972.23 357,926,628.46 2,728,760,700.22 4,550,765,579.33

97,974,251.89 85,315,456.25 74,292,244.50 64,693,290.47 56,334,572.46 78,184,448.48 68,295,049.29 59,656,541.01 52,110,700.88 45,519,319.43

20,614,942,997.71 27,308,571,682.70 35,410,232,311.55 45,109,380,235.76 1,771,720,959.39 1,980,252,516.31 2,213,328,237.48 2,473,836,971.03 136,289,928.48 178,210,371.93 233,024,824.47 304,699,262.08 3,261,066.62 2,829,453.56 2,454,965.92 2,130,042.98 127,534,908.45 131,013,223.45 134,586,404.06 138,257,037.57 1,886,573,108.00 1,973,395,302.55 2,064,393,978.87 2,159,773,636.29 24,540,322,968.65 31,574,272,550.49 40,058,020,722.36 50,188,077,185.72

146,442,260.00 146,442,260.00 146,442,260.00 146,442,260.00 556,718,373.70 556,718,373.70 556,718,373.70 556,718,373.70 540,009,971.65 541,680,810.76 543,184,565.95 544,537,945.63

16,708,402.05 15,037,562.94 13,533,807.75 12,180,428.07 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,307,571,330.32 2,312,125,709.88 2,315,505,885.08 2,318,023,211.74 17,932,725.47 13,378,345.91 9,998,170.71 7,480,844.05 264,162,087.00 264,162,087.00 264,162,087.00 264,162,087.00 235,915,607.75 236,679,246.92 237,277,191.76 237,750,448.39 28,246,479.25 27,482,840.08 26,884,895.24 26,411,638.61 413,677,641.00 413,677,641.00 413,677,641.00 413,677,641.00 390,899,947.18 396,458,840.22 400,628,010.00 403,754,887.33 22,777,693.82 17,218,800.78 13,049,631.00 9,922,753.67 232,107,560.59 219,559,809.71 209,908,764.70 202,437,924.40 24,772,430,529.23 31,793,832,360.20 40,267,929,487.05 50,390,515,110.12

2,012,067,879.60 2,104,657,246.50 2,201,717,643.08 2,303,468,821.59

0.00 0.00 0.00 0.00

88,068,197.16 92,294,584.53 96,723,795.97 101,365,564.99 2,100,136,076.75 2,196,951,831.03 2,298,441,439.05 2,404,834,386.58

330,617,694.79 287,900,126.14 250,701,895.08 218,309,873.77 274,589,496.53 239,857,203.87 209,518,131.52 183,016,589.57 605,207,191.33 527,757,330.01 460,220,026.60 401,326,463.34

1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 15,328,227,494.92 21,067,087,261.15 28,069,123,199.16 36,509,268,021.40

0.00 0.00 0.00 0.00 24,772,430,529.23 31,793,832,360.20 40,267,929,487.05 50,390,515,110.12

20,614,942,997.71 27,308,571,682.70 35,410,232,311.55 45,109,380,235.76 400,054,592.63 447,141,018.18 499,769,516.02 558,592,388.06 49,055,845.39 42,717,568.65 37,198,231.06 32,392,021.31 39,761,669.03 34,732,292.66 30,339,072.35 26,501,541.95

Kas dan Bank 38,986,223.41 749,895,010.60 838,521,154.76

Piutang Dagang 1,686,366,366.81 776,826,266.83 829,572,770.35

Piutang Lain-lain 15,948,140.76 20,853,515.21 27,267,698.67

Biaya Dibayar Dimuka 10,153,516.65 8,809,664.79 7,643,676.21

Uang Muka 102,834,920.17 105,639,581.66 108,520,735.90

Persediaan 1,629,749,672.76 1,380,489,413.05 1,443,049,514.39

TOTAL AKTIVA LANCAR 3,484,038,840.56 3,042,513,452.14 3,254,575,550.28 AKTIVA TETAP

Tanah 146,442,260.00 146,442,260.00 146,442,260.00

Bangunan 531,718,373.70 556,718,373.70 556,718,373.70

Akumulasi Penyusutan Bangunan 448,318,217.55 476,662,583.26 502,098,810.44

Nilai Buku 83,400,156.15 80,055,790.45 54,619,563.26

Mesin dan Peralatan Pabrik 2,250,504,055.79 2,325,504,055.79 2,325,504,055.79 Akumulasi Penyusutan Mesin dan Peralatan Pabrik 2,076,297,154.71 2,156,830,908.26 2,208,115,198.91

Nilai Buku 174,206,901.08 168,673,147.53 117,388,856.88

Inventaris Kantor 257,162,087.00 264,162,087.00 264,162,087.00

Akumulasi Penyusutan Inventaris Kantor 212,081,295.61 216,693,200.61 221,868,567.88

Nilai Buku 45,080,791.39 47,468,886.39 42,293,519.12

Kendaraan 213,677,641.00 413,677,641.00 413,677,641.00

Akumulasi Penyusutan Kendaraan 191,572,704.36 244,602,947.27 288,201,495.29

Nilai Buku 22,104,936.64 169,074,693.73 125,476,145.71

TOTAL AKTIVA TETAP 471,235,045.26 611,714,778.09 486,220,344.98

TOTAL AKTIVA 3,955,273,885.82 3,654,228,230.24 3,740,795,895.26

PASSIVA Hutang Lancar

Hutang Dagang 1,508,031,320.48 1,472,728,169.93 1,539,362,297.15

Hutang PPH 21 14,368,123.00 0.00 0.00

Hutang PPN 33,702,716.68 0.00 0.00

Hutang Mobil Hutang Bank

Hutang Lain-lain 60,528,819.08 63,433,593.39 66,477,767.64

TOTAL HUTANG LANCAR 1,616,630,979.24 1,536,161,763.32 1,605,840,064.79 Hutang Jangka Panjang

Hutang Bank Tetap 1,000,000,000.00 870,794,669.11 741,589,338.22

Hutang Bank Rek. Koran 810,089,782.12 707,623,097.31 605,156,412.49

TOTAL HUTANG JANGKA PANJANG 1,810,089,782.12 1,578,417,766.42 1,346,745,750.72 MODAL

Saham 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00

Laba Tahun Lalu (358,084,444.34) (471,446,875.54) (460,351,299.50)

AFN 0.00 0.00 0.00 3,955,273,885.82 3,654,228,230.24 3,740,795,895.26 Asumsi:

Cash Flow 749,895,010.60 838,521,154.76

Cash Ratio 175,407,371.05 187,317,531.55

Kas minimum 574,487,639.55 651,203,623.22

Hutang Bank Tetap 129,205,330.89 129,205,330.89

Hutang Bank rek Koran 102,466,684.81 102,466,684.81

Cash Ratio (persentage of sales) 2.00%

Piutang Dagang 11.29 A/R turnover tahun 2000,01,03

Piutang Lain-lain 30.76%

Biaya Dibayar Dimuka -13.24%

Uang Muka 2.73%

Persediaan 5.67 Inventory turnover tahun 2000,01,03

Hutang Dagang 4.97 A/P turnover

Hutang PPH 21 5.00%

Hutang PPN 0.32%

Hutang Lain-lain 4.80%

1,049,819,496.82 1,384,874,659.40 1,889,322,009.70 2,584,642,369.70 3,492,238,852.52 885,900,761.46 946,053,423.16 1,010,290,450.59 1,078,889,172.19 1,152,145,746.98 35,654,774.90 46,621,571.87 60,961,567.41 79,712,299.53 104,230,435.10 6,632,010.12 5,754,241.41 4,992,648.33 4,331,854.64 3,758,519.20 111,480,469.11 114,520,924.42 117,644,303.38 120,852,867.61 124,148,940.42 1,508,599,735.64 1,577,286,108.43 1,649,261,857.83 1,724,687,757.84 1,803,732,504.62 3,598,087,248.04 4,075,110,928.69 4,732,472,837.24 5,593,116,321.52 6,680,254,998.83

146,442,260.00 146,442,260.00 146,442,260.00 146,442,260.00 146,442,260.00 556,718,373.70 556,718,373.70 556,718,373.70 556,718,373.70 556,718,373.70 528,422,555.75 531,252,136.45 533,798,759.07 536,090,719.43 538,153,483.76 28,295,817.95 25,466,237.26 22,919,614.63 20,627,654.27 18,564,889.94 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,242,020,404.64 2,265,170,302.80 2,281,393,223.36 2,292,990,662.25 2,301,403,865.65 83,483,651.15 60,333,752.99 44,110,832.43 32,513,393.54 24,100,190.14 264,162,087.00 264,162,087.00 264,162,087.00 264,162,087.00 264,162,087.00 226,412,485.98 229,611,101.95 231,925,949.45 233,638,862.41 234,929,200.82 37,749,601.02 34,550,985.05 32,236,137.55 30,523,224.59 29,232,886.18 413,677,641.00 413,677,641.00 413,677,641.00 413,677,641.00 413,677,641.00 319,435,001.30 342,860,130.81 360,428,977.94 373,605,613.29 383,488,089.80 94,242,639.70 70,817,510.19 53,248,663.06 40,072,027.71 30,189,551.20 390,213,969.83 337,610,745.48 298,957,507.66 270,178,560.11 248,529,777.46 3,988,301,217.87 4,412,721,674.17 5,031,430,344.90 5,863,294,881.63 6,928,784,776.29

1,609,193,323.97 1,682,378,009.81 1,759,080,861.30 1,839,474,516.12 1,923,740,145.99

0.00 0.00 0.00 0.00 0.00

69,668,031.62 73,011,396.18 76,515,208.60 80,187,168.76 84,035,346.06 1,678,861,355.59 1,755,389,405.99 1,835,596,069.90 1,919,661,684.88 2,007,775,492.05

612,384,007.33 483,178,676.44 353,973,345.56 224,768,014.67 95,562,683.78 502,689,727.68 400,223,042.87 297,756,358.06 195,289,673.24 92,822,988.43 1,115,073,735.01 883,401,719.31 651,729,703.61 420,057,687.91 188,385,672.21

1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 (211,789,920.25) 194,366,127.27 773,930,548.86 1,544,104,571.39 2,523,575,508.84

0.00 0.00 0.00 0.00 0.00 3,988,301,217.87 4,412,721,674.17 5,031,430,344.90 5,863,294,881.63 6,928,784,776.29

1,049,819,496.82 1,384,874,659.40 1,889,322,009.70 2,584,642,369.70 3,492,238,852.52 200,036,391.94 213,618,862.95 228,123,583.74 243,613,175.08 260,154,509.67 849,783,104.88 1,171,255,796.45 1,661,198,425.95 2,341,029,194.62 3,232,084,342.85 129,205,330.89 129,205,330.89 129,205,330.89 129,205,330.89 129,205,330.89 102,466,684.81 102,466,684.81 102,466,684.81 102,466,684.81 102,466,684.81

4,633,944,384.74 6,032,306,161.57 7,710,728,462.42 9,693,510,087.45 1,230,376,443.20 1,313,919,003.69 1,403,134,104.04 1,498,406,909.71 136,289,928.48 178,210,371.93 233,024,824.47 304,699,262.08 3,261,066.62 2,829,453.56 2,454,965.92 2,130,042.98 127,534,908.45 131,013,223.45 134,586,404.06 138,257,037.57 1,886,573,108.00 1,973,395,302.55 2,064,393,978.87 2,159,773,636.29 8,017,979,839.49 9,631,673,516.75 11,548,322,739.79 13,796,776,976.09

146,442,260.00 146,442,260.00 146,442,260.00 146,442,260.00 556,718,373.70 556,718,373.70 556,718,373.70 556,718,373.70 540,009,971.65 541,680,810.76 543,184,565.95 544,537,945.63

16,708,402.05 15,037,562.94 13,533,807.75 12,180,428.07 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,307,571,330.32 2,312,125,709.88 2,315,505,885.08 2,318,023,211.74 17,932,725.47 13,378,345.91 9,998,170.71 7,480,844.05 264,162,087.00 264,162,087.00 264,162,087.00 264,162,087.00 235,915,607.75 236,679,246.92 237,277,191.76 237,750,448.39 28,246,479.25 27,482,840.08 26,884,895.24 26,411,638.61 413,677,641.00 413,677,641.00 413,677,641.00 413,677,641.00 390,899,947.18 396,458,840.22 400,628,010.00 403,754,887.33 22,777,693.82 17,218,800.78 13,049,631.00 9,922,753.67 232,107,560.59 219,559,809.71 209,908,764.70 202,437,924.40 8,250,087,400.08 9,851,233,326.46 11,758,231,504.48 13,999,214,900.49

2,012,067,879.60 2,104,657,246.50 2,201,717,643.08 2,303,468,821.59

0.00 0.00 0.00 0.00

88,068,197.16 92,294,584.53 96,723,795.97 101,365,564.99 2,100,136,076.75 2,196,951,831.03 2,298,441,439.05 2,404,834,386.58

(33,642,647.11) (162,847,978.00) (292,053,308.89) (421,258,639.78) (9,643,696.38) (112,110,381.20) (214,577,066.01) (317,043,750.82) (43,286,343.49) (274,958,359.20) (506,630,374.90) (738,302,390.60)

1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 3,732,623,612.03 5,193,237,666.82 6,929,239,854.63 8,966,420,440.33

0.00 0.00 0.00 0.00 8,250,087,400.08 9,851,233,326.46 11,758,231,504.48 13,999,214,900.49

4,633,944,384.74 6,032,306,161.57 7,710,728,462.42 9,693,510,087.45 277,819,000.87 296,682,911.03 316,827,680.69 338,340,280.21 4,356,125,383.87 5,735,623,250.54 7,393,900,781.73 9,355,169,807.24 129,205,330.89 129,205,330.89 129,205,330.89 129,205,330.89 102,466,684.81 102,466,684.81 102,466,684.81 102,466,684.81

Kas dan Bank 38,986,223.41 748,910,760.63 600,319,422.26

Piutang Dagang 1,686,366,366.81 766,714,940.76 808,117,547.57

Piutang Lain-lain 15,948,140.76 20,853,515.21 27,267,698.67

Biaya Dibayar Dimuka 10,153,516.65 8,809,664.79 7,643,676.21

Uang Muka 102,834,920.17 105,639,581.66 108,520,735.90

Persediaan 1,629,749,672.76 1,380,489,413.05 1,443,049,514.39

TOTAL AKTIVA LANCAR 3,484,038,840.56 3,031,417,876.10 2,994,918,594.99 AKTIVA TETAP

Tanah 146,442,260.00 146,442,260.00 146,442,260.00

Bangunan 531,718,373.70 556,718,373.70 556,718,373.70

Akumulasi Penyusutan Bangunan 448,318,217.55 476,662,583.26 502,098,810.44

Nilai Buku 83,400,156.15 80,055,790.45 54,619,563.26

Mesin dan Peralatan Pabrik 2,250,504,055.79 2,325,504,055.79 2,325,504,055.79 Akumulasi Penyusutan Mesin dan Peralatan Pabrik 2,076,297,154.71 2,156,830,908.26 2,208,115,198.91

Nilai Buku 174,206,901.08 168,673,147.53 117,388,856.88

Inventaris Kantor 257,162,087.00 264,162,087.00 264,162,087.00

Akumulasi Penyusutan Inventaris Kantor 212,081,295.61 216,693,200.61 221,868,567.88

Nilai Buku 45,080,791.39 47,468,886.39 42,293,519.12

Kendaraan 213,677,641.00 413,677,641.00 413,677,641.00

Akumulasi Penyusutan Kendaraan 191,572,704.36 244,602,947.27 288,201,495.29

Nilai Buku 22,104,936.64 169,074,693.73 125,476,145.71

TOTAL AKTIVA TETAP 471,235,045.26 611,714,778.09 486,220,344.98

TOTAL AKTIVA 3,955,273,885.82 3,643,132,654.19 3,481,138,939.97

PASSIVA Hutang Lancar

Hutang Dagang 1,508,031,320.48 1,472,728,169.93 1,539,362,297.15

Hutang PPH 21 14,368,123.00 0.00 0.00

Hutang PPN 33,702,716.68 0.00 0.00

Hutang Mobil Hutang Bank

Hutang Lain-lain 60,528,819.08 63,433,593.39 66,477,767.64

TOTAL HUTANG LANCAR 1,616,630,979.24 1,536,161,763.32 1,605,840,064.79 Hutang Jangka Panjang

Hutang Bank Tetap 1,000,000,000.00 870,794,669.11 741,589,338.22

Hutang Bank Rek. Koran 810,089,782.12 707,623,097.31 605,156,412.49

TOTAL HUTANG JANGKA PANJANG 1,810,089,782.12 1,578,417,766.42 1,346,745,750.72 MODAL

Saham 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00

Laba Tahun Lalu (358,084,444.34) (471,446,875.54) (471,446,875.54)

AFN 0.00 0.00 0.00 3,955,273,885.82 3,643,132,654.19 3,481,138,939.97 Asumsi:

Cash Flow 748,910,760.63 600,319,422.26

Cash Ratio 173,124,233.62 182,472,942.24

Kas minimum 575,786,527.00 417,846,480.02

Hutang Bank Tetap 129,205,330.89 129,205,330.89

Hutang Bank rek Koran 102,466,684.81 102,466,684.81

Cash Ratio (persentage of sales) 2.00%

Piutang Dagang 11.29 A/R turnover tahun 2000,01,03

Piutang Lain-lain 30.76%

Biaya Dibayar Dimuka -13.24%

Uang Muka 2.73%

Persediaan 5.67 Inventory turnover tahun 2000,01,03

Hutang Dagang 4.97 A/P turnover

Hutang PPH 21 5.00%

Hutang PPN 0.32%

Hutang Lain-lain 4.80%

544,681,365.42 512,158,056.69 526,088,243.40 594,314,284.17 723,389,067.07 851,755,895.13 897,750,713.47 946,229,252.00 997,325,631.61 1,051,181,215.71 35,654,774.90 46,621,571.87 60,961,567.41 79,712,299.53 104,230,435.10 6,632,010.12 5,754,241.41 4,992,648.33 4,331,854.64 3,758,519.20 111,480,469.11 114,520,924.42 117,644,303.38 120,852,867.61 124,148,940.42 1,508,599,735.64 1,577,286,108.43 1,649,261,857.83 1,724,687,757.84 1,803,732,504.62 3,058,804,250.32 3,154,091,616.29 3,305,177,872.34 3,521,224,695.40 3,810,440,682.12

146,442,260.00 146,442,260.00 146,442,260.00 146,442,260.00 146,442,260.00 556,718,373.70 556,718,373.70 556,718,373.70 556,718,373.70 556,718,373.70 528,422,555.75 531,252,136.45 533,798,759.07 536,090,719.43 538,153,483.76 28,295,817.95 25,466,237.26 22,919,614.63 20,627,654.27 18,564,889.94 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,242,020,404.64 2,265,170,302.80 2,281,393,223.36 2,292,990,662.25 2,301,403,865.65 83,483,651.15 60,333,752.99 44,110,832.43 32,513,393.54 24,100,190.14 264,162,087.00 264,162,087.00 264,162,087.00 264,162,087.00 264,162,087.00 226,412,485.98 229,611,101.95 231,925,949.45 233,638,862.41 234,929,200.82 37,749,601.02 34,550,985.05 32,236,137.55 30,523,224.59 29,232,886.18 413,677,641.00 413,677,641.00 413,677,641.00 413,677,641.00 413,677,641.00 319,435,001.30 342,860,130.81 360,428,977.94 373,605,613.29 383,488,089.80 94,242,639.70 70,817,510.19 53,248,663.06 40,072,027.71 30,189,551.20 390,213,969.83 337,610,745.48 298,957,507.66 270,178,560.11 248,529,777.46 3,449,018,220.15 3,491,702,361.77 3,604,135,380.01 3,791,403,255.51 4,058,970,459.58

1,609,193,323.97 1,682,378,009.81 1,759,080,861.30 1,839,474,516.12 1,923,740,145.99

0.00 0.00 0.00 0.00 0.00

69,668,031.62 73,011,396.18 76,515,208.60 80,187,168.76 84,035,346.06 1,678,861,355.59 1,755,389,405.99 1,835,596,069.90 1,919,661,684.88 2,007,775,492.05

1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 (471,446,875.54) (344,916,870.45) (147,088,763.54) 116,809,606.50 451,683,882.72

0.00 0.00 0.00 0.00 0.00 3,449,018,220.15 3,491,702,361.77 3,604,135,380.01 3,791,403,255.51 4,058,970,459.58

544,681,365.42 512,158,056.69 526,088,243.40 594,314,284.17 723,389,067.07 192,326,481.12 202,712,111.10 213,658,565.10 225,196,127.62 237,356,718.51 352,354,884.30 309,445,945.59 312,429,678.30 369,118,156.56 486,032,348.56 129,205,330.89 129,205,330.89 129,205,330.89 129,205,330.89 129,205,330.89 102,466,684.81 102,466,684.81 102,466,684.81 102,466,684.81 102,466,684.81

918,985,825.02 1,186,077,416.51 1,528,965,947.38 1,951,198,402.11 1,107,945,001.36 1,167,774,031.43 1,230,833,829.13 1,297,298,855.91 136,289,928.48 178,210,371.93 233,024,824.47 304,699,262.08 3,261,066.62 2,829,453.56 2,454,965.92 2,130,042.98 127,534,908.45 131,013,223.45 134,586,404.06 138,257,037.57 1,886,573,108.00 1,973,395,302.55 2,064,393,978.87 2,159,773,636.29 4,180,589,837.93 4,639,299,799.43 5,194,259,949.84 5,853,357,236.94

146,442,260.00 146,442,260.00 146,442,260.00 146,442,260.00 556,718,373.70 556,718,373.70 556,718,373.70 556,718,373.70 540,009,971.65 541,680,810.76 543,184,565.95 544,537,945.63

16,708,402.05 15,037,562.94 13,533,807.75 12,180,428.07 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,325,504,055.79 2,307,571,330.32 2,312,125,709.88 2,315,505,885.08 2,318,023,211.74 17,932,725.47 13,378,345.91 9,998,170.71 7,480,844.05 264,162,087.00 264,162,087.00 264,162,087.00 264,162,087.00 235,915,607.75 236,679,246.92 237,277,191.76 237,750,448.39 28,246,479.25 27,482,840.08 26,884,895.24 26,411,638.61 413,677,641.00 413,677,641.00 413,677,641.00 413,677,641.00 390,899,947.18 396,458,840.22 400,628,010.00 403,754,887.33 22,777,693.82 17,218,800.78 13,049,631.00 9,922,753.67 232,107,560.59 219,559,809.71 209,908,764.70 202,437,924.40 4,412,697,398.51 4,858,859,609.14 5,404,168,714.54 6,055,795,161.34

2,012,067,879.60 2,104,657,246.50 2,201,717,643.08 2,303,468,821.59

0.00 0.00 0.00 0.00

88,068,197.16 92,294,584.53 96,723,795.97 101,365,564.99 2,100,136,076.75 2,196,951,831.03 2,298,441,439.05 2,404,834,386.58

(33,642,647.11) (162,847,978.00) (292,053,308.89) (421,258,639.78) (9,643,696.38) (112,110,381.20) (214,577,066.01) (317,043,750.82) (43,286,343.49) (274,958,359.20) (506,630,374.90) (738,302,390.60)

1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 862,809,295.32 1,355,847,665.25 1,936,866,137.30 2,612,357,650.38

0.00 0.00 0.00 0.00 4,412,697,398.51 4,858,859,609.14 5,404,168,714.54 6,055,795,161.34

918,985,825.02 1,186,077,416.51 1,528,965,947.38 1,951,198,402.11 250,173,981.31 263,683,376.30 277,922,278.62 292,930,081.66 668,811,843.71 922,394,040.21 1,251,043,668.76 1,658,268,320.44 129,205,330.89 129,205,330.89 129,205,330.89 129,205,330.89 102,466,684.81 102,466,684.81 102,466,684.81 102,466,684.81

Depresiasi 166,520,267.17 125,494,433.12 96,006,375.15 Perubahan Piutang dagang 873,313,910.18 (95,696,274.15) (106,959,725.61) Perubahan Piutang lain-lain (4,905,374.45) (6,414,183.46) (8,387,076.23) Perubahan Biaya dibayar dimuka 1,343,851.86 1,165,988.58 1,011,666.09 Perubahan Persediaan 249,260,259.71 (62,560,101.33) (65,550,221.25)

Perubahan Uang muka (2,804,661.49) (2,881,154.24) (2,959,733.21)

Perubahan Hutang dagang (35,303,150.55) 66,634,127.23 69,831,026.81

Perubahan Hutang PPH 21 (14,368,123.00) 0.00 0.00

Perubahan Hutang PPN (33,702,716.68) 0.00 0.00

Perubahan Hutang lain-lain 2,904,774.31 3,044,174.25 3,190,263.98 Jumlah aliran kas dari aktivitas operasi 1,514,684,507.52 903,076,004.50 1,418,208,836.32 Aliran kas dari aktivitas investasi

Bangunan 25,000,000.00 0 0

Mesin 75,000,000.00

Inventaris Kantor 7,000,000.00

Kendaraan 200,000,000.00

Jumlah aliran kas dari aktivitas investasi (307,000,000.00) Aliran kas dari aktivitas pendanaan

Pembayaran Hutang bank tetap (129,205,330.89) (112,511,313.36) (97,974,251.89) Pembayaran Hutang bank rekening koran (102,466,684.81) (89,505,872.66) (78,184,448.48) Jumlah aliran kas dari aktivitas pendanaan (231,672,015.70) (202,017,186.01) (176,158,700.37) Perubahan bersih pada aliran kas 976,012,491.82 701,058,818.49 1,242,050,135.95

Saldo kas awal 38,986,223.41 1,014,998,715.23 1,716,057,533.72

Saldo kas akhir 1,014,998,715.23 1,716,057,533.72 2,958,107,669.67

2,074,842,989.88 2,813,784,556.43 3,661,233,837.65 4,631,072,260.92 5,738,859,766.23 52,603,224.35 38,653,237.82 28,778,947.56 21,648,782.65 16,422,216.87 (119,548,885.32) (133,619,789.12) (149,346,838.30) (166,924,961.17) (186,572,029.10) (10,966,796.97) (14,339,995.54) (18,750,732.12) (24,518,135.58) (32,059,493.38)

877,768.70 761,593.08 660,793.69 573,335.44 497,452.58

(68,686,372.79) (71,975,749.39) (75,425,900.02) (79,044,746.77) (82,840,603.38) (3,040,455.30) (3,123,378.96) (3,208,564.24) (3,296,072.80) (3,385,968.03) 73,184,685.85 76,702,851.49 80,393,654.82 84,265,629.87 88,327,733.60

0.00 0.00 0.00 0.00 0.00

3,343,364.56 3,503,812.42 3,671,960.16 3,848,177.30 4,032,851.09 2,002,609,522.96 2,710,347,138.22 3,528,007,159.21 4,467,624,269.87 5,543,281,926.49

0 0 0 0 0

(85,315,456.25) (74,292,244.50) (64,693,290.47) (56,334,572.46) (49,055,845.39) (68,295,049.29) (59,656,541.01) (52,110,700.88) (45,519,319.43) (39,761,669.03) (153,610,505.54) (133,948,785.51) (116,803,991.35) (101,853,891.90) (88,817,514.42) 1,848,999,017.42 2,576,398,352.71 3,411,203,167.87 4,365,770,377.97 5,454,464,412.07 2,958,107,669.67 4,807,106,687.09 7,383,505,039.80 10,794,708,207.67 15,160,478,585.64 4,807,106,687.09 7,383,505,039.80 10,794,708,207.67 15,160,478,585.64 20,614,942,997.71

7,002,035,938.01 8,440,144,822.24 10,075,086,238.80 12,547,750.88 9,651,045.01 7,470,840.29 (208,531,556.92) (233,075,721.17) (260,508,733.55) (41,920,443.44) (54,814,452.55) (71,674,437.61) 431,613.07 374,487.63 324,922.94 (86,822,194.55) (90,998,676.32) (95,379,657.42)

(3,478,315.01) (3,573,180.61) (3,670,633.51) 92,589,366.90 97,060,396.58 101,751,178.50

0.00 0.00 0.00

4,226,387.37 4,429,211.44 4,641,769.03 6,771,078,546.31 8,169,197,932.26 9,758,041,487.47

0 0 0

(42,717,568.65) (37,198,231.06) (32,392,021.31) (34,732,292.66) (30,339,072.35) (26,501,541.95) (77,449,861.31) (67,537,303.41) (58,893,563.26) 6,693,628,684.99 8,101,660,628.85 9,699,147,924.21 20,614,942,997.71 27,308,571,682.70 35,410,232,311.55 27,308,571,682.70 35,410,232,311.55 45,109,380,235.76

PV 1,000,000,000.00

k 12.00%

m 15

Saldo Awal PMT Pokok Bunga Saldo Akhir

1 1,000,000,000.00 146,824,239.65 129,205,330.89 17,618,908.76 870,794,669.11 2 870,794,669.11 127,853,765.18 112,511,313.36 15,342,451.82 758,283,355.75 3 758,283,355.75 111,334,377.14 97,974,251.89 13,360,125.26 660,309,103.87 4 660,309,103.87 96,949,382.11 85,315,456.25 11,633,925.85 574,993,647.61 5 574,993,647.61 84,423,005.11 74,292,244.50 10,130,760.61 500,701,403.11 6 500,701,403.11 73,515,102.80 64,693,290.47 8,821,812.34 436,008,112.65 7 436,008,112.65 64,016,559.62 56,334,572.46 7,681,987.15 379,673,540.18 8 379,673,540.18 55,745,278.85 49,055,845.39 6,689,433.46 330,617,694.79 9 330,617,694.79 48,542,691.65 42,717,568.65 5,825,123.00 287,900,126.14 10 287,900,126.14 42,270,717.11 37,198,231.06 5,072,486.05 250,701,895.08 11 250,701,895.08 36,809,115.12 32,392,021.31 4,417,093.81 218,309,873.77 12 218,309,873.77 32,053,181.22 28,206,799.48 3,846,381.75 190,103,074.29 13 190,103,074.29 27,911,739.34 24,562,330.62 3,349,408.72 165,540,743.68 14 165,540,743.68 24,305,393.82 21,388,746.56 2,916,647.26 144,151,997.11 15 144,151,997.11 21,165,007.37 18,625,206.49 2,539,800.88 125,526,790.63

Perhitungan Angsuran Hutang Bank Rekening Koran (untuk 3 skenario)

PV 810,089,782.12

k 11.50%

m 15

Saldo Awal PMT Pokok Bunga Saldo Akhir

1 810,089,782.12 115,781,564.76 102,466,684.81 13,314,879.95 707,623,097.31 2 707,623,097.31 101,136,579.27 89,505,872.66 11,630,706.62 618,117,224.65 3 618,117,224.65 88,344,009.58 78,184,448.48 10,159,561.10 539,932,776.17 4 539,932,776.17 77,169,547.22 68,295,049.29 8,874,497.93 471,637,726.88 5 471,637,726.88 67,408,520.91 59,656,541.01 7,751,979.90 411,981,185.88 6 411,981,185.88 58,882,147.89 52,110,700.88 6,771,447.01 359,870,485.00 7 359,870,485.00 51,434,259.24 45,519,319.43 5,914,939.81 314,351,165.57 8 314,351,165.57 44,928,439.58 39,761,669.03 5,166,770.55 274,589,496.53 9 274,589,496.53 39,245,528.43 34,732,292.66 4,513,235.77 239,857,203.87 10 239,857,203.87 34,281,437.68 30,339,072.35 3,942,365.33 209,518,131.52 11 209,518,131.52 29,945,245.14 26,501,541.95 3,443,703.19 183,016,589.57 12 183,016,589.57 26,157,529.18 23,149,413.33 3,008,115.86 159,867,176.24 13 159,867,176.24 22,848,914.07 20,221,288.95 2,627,625.12 139,645,887.29 14 139,645,887.29 19,958,799.26 17,663,537.34 2,295,261.91 121,982,349.95 15 121,982,349.95 17,434,249.46 15,429,310.78 2,004,938.69 106,553,039.17

Depresiasi 166,520,267.17 125,494,433.12 96,006,375.15 Perubahan Piutang dagang 909,540,099.98 (52,746,503.52) (56,327,991.11) Perubahan Piutang lain-lain (4,905,374.45) (6,414,183.46) (8,387,076.23) Perubahan Biaya dibayar dimuka 1,343,851.86 1,165,988.58 1,011,666.09 Perubahan Persediaan 249,260,259.71 (62,560,101.33) (65,550,221.25)

Perubahan Uang muka (2,804,661.49) (2,881,154.24) (2,959,733.21)

Perubahan Hutang dagang (35,303,150.55) 66,634,127.23 69,831,026.81

Perubahan Hutang PPH 21 (14,368,123.00) 0.00 0.00

Perubahan Hutang PPN (33,702,716.68) 0.00 0.00

Perubahan Hutang lain-lain 2,904,774.31 3,044,174.25 3,190,263.98 Jumlah aliran kas dari aktivitas operasi 1,249,580,802.89 320,298,159.86 442,970,357.76 Aliran kas dari aktivitas investasi

Bangunan 25,000,000.00

Mesin 75,000,000.00

Inventaris Kantor 7,000,000.00

Kendaraan 200,000,000.00

Jumlah aliran kas dari aktivitas investasi (307,000,000.00) Aliran kas dari aktivitas pendanaan

Pembayaran Hutang bank tetap (129,205,330.89) (129,205,330.89) (129,205,330.89) Pembayaran Hutang bank rekening koran (102,466,684.81) (102,466,684.81) (102,466,684.81) Jumlah aliran kas dari aktivitas pendanaan (231,672,015.70) (231,672,015.70) (231,672,015.70) Perubahan bersih pada aliran kas 710,908,787.19 88,626,144.16 211,298,342.05

Saldo kas awal 38,986,223.41 749,895,010.60 838,521,154.76

Saldo kas akhir 749,895,010.60 838,521,154.76 1,049,819,496.82

579,564,421.59 770,174,022.53 979,470,937.45 1,209,048,103.20 1,460,614,054.79 52,603,224.35 38,653,237.82 28,778,947.56 21,648,782.65 16,422,216.87 (60,152,661.70) (64,237,027.43) (68,598,721.60) (73,256,574.79) (78,230,696.22) (10,966,796.97) (14,339,995.54) (18,750,732.12) (24,518,135.58) (32,059,493.38)

877,768.70 761,593.08 660,793.69 573,335.44 497,452.58

0.00 0.00 0.00 0.00 0.00

3,343,364.56 3,503,812.42 3,671,960.16 3,848,177.30 4,032,851.09 566,727,178.28 736,119,366.00 926,992,375.71 1,139,268,498.51 1,373,377,547.93

(129,205,330.89) (129,205,330.89) (129,205,330.89) (129,205,330.89) (129,205,330.89) (102,466,684.81) (102,466,684.81) (102,466,684.81) (102,466,684.81) (102,466,684.81) (231,672,015.70) (231,672,015.70) (231,672,015.70) (231,672,015.70) (231,672,015.70) 335,055,162.58 504,447,350.30 695,320,360.01 907,596,482.81 1,141,705,532.22 1,049,819,496.82 1,384,874,659.40 1,889,322,009.70 2,584,642,369.70 3,492,238,852.52 1,384,874,659.40 1,889,322,009.70 2,584,642,369.70 3,492,238,852.52 4,633,944,384.74

1,736,002,187.81 2,037,180,585.70 2,366,262,464.18 12,547,750.88 9,651,045.01 7,470,840.29 (83,542,560.49) (89,215,100.35) (95,272,805.66) (41,920,443.44) (54,814,452.55) (71,674,437.61) 431,613.07 374,487.63 324,922.94 (86,822,194.55) (90,998,676.32) (95,379,657.42)

(3,478,315.01) (3,573,180.61) (3,670,633.51) 92,589,366.90 97,060,396.58 101,751,178.50

0.00 0.00 0.00

4,226,387.37 4,429,211.44 4,641,769.03 1,630,033,792.53 1,910,094,316.55 2,214,453,640.74

(129,205,330.89) (129,205,330.89) (129,205,330.89) (102,466,684.81) (102,466,684.81) (102,466,684.81) (231,672,015.70) (231,672,015.70) (231,672,015.70) 1,398,361,776.83 1,678,422,300.85 1,982,781,625.04 4,633,944,384.74 6,032,306,161.57 7,710,728,462.42 6,032,306,161.57 7,710,728,462.42 9,693,510,087.45

PV 1,000,000,000.00

k 12.00%

m 15

Saldo Awal PMT Pokok Bunga Saldo Akhir

11 250,701,895.08 36,809,115.12 32,392,021.31 4,417,093.81 218,309,873.77 12 218,309,873.77 32,053,181.22 28,206,799.48 3,846,381.75 190,103,074.29 13 190,103,074.29 27,911,739.34 24,562,330.62 3,349,408.72 165,540,743.68 14 165,540,743.68 24,305,393.82 21,388,746.56 2,916,647.26 144,151,997.11 15 144,151,997.11 21,165,007.37 18,625,206.49 2,539,800.88 125,526,790.63

Perhitungan Angsuran Hutang Bank Rekening Koran

PV 810,089,782.12

k 11.50%

m 15

Saldo Awal PMT Pokok Bunga Saldo Akhir

Depresiasi 166,520,267.17 125,494,433.12 96,006,375.15 Perubahan Piutang dagang 919,651,426.05 (41,402,606.80) (43,638,347.57) Perubahan Piutang lain-lain (4,905,374.45) (6,414,183.46) (8,387,076.23) Perubahan Biaya dibayar dimuka 1,343,851.86 1,165,988.58 1,011,666.09 Perubahan Persediaan 249,260,259.71 (62,560,101.33) (65,550,221.25)

Perubahan Uang muka (2,804,661.49) (2,881,154.24) (2,959,733.21)

Perubahan Hutang dagang (35,303,150.55) 66,634,127.23 69,831,026.81

Perubahan Hutang PPH 21 (14,368,123.00) 0.00 0.00

Perubahan Hutang PPN (33,702,716.68) 0.00 0.00

Perubahan Hutang lain-lain 2,904,774.31 3,044,174.25 3,190,263.98 Jumlah aliran kas dari aktivitas operasi 1,248,596,552.92 83,080,677.33 176,033,958.86 Aliran kas dari aktivitas investasi

Bangunan 25,000,000.00 0 0

Mesin 75,000,000.00

Inventaris Kantor 7,000,000.00

Kendaraan 200,000,000.00

Jumlah aliran kas dari aktivitas investasi (307,000,000.00) Aliran kas dari aktivitas pendanaan

Saldo kas awal 38,986,223.41 748,910,760.63 600,319,422.26

Saldo kas akhir 748,910,760.63 600,319,422.26 544,681,365.42

197,828,106.92 263,898,370.04 334,874,276.23 411,125,412.60 493,038,369.94 52,603,224.35 38,653,237.82 28,778,947.56 21,648,782.65 16,422,216.87 (45,994,818.34) (48,478,538.53) (51,096,379.61) (53,855,584.11) (56,763,785.65) (10,966,796.97) (14,339,995.54) (18,750,732.12) (24,518,135.58) (32,059,493.38)

877,768.70 761,593.08 660,793.69 573,335.44 497,452.58

0.00 0.00 0.00 0.00 0.00

3,343,364.56 3,503,812.42 3,671,960.16 3,848,177.30 4,032,851.09 199,148,706.97 245,602,202.41 299,898,056.48 360,746,798.60 427,268,773.65

0 0 0 0 0

(129,205,330.89) (129,205,330.89) (129,205,330.89) (129,205,330.89) (129,205,330.89) (102,466,684.81) (102,466,684.81) (102,466,684.81) (102,466,684.81) (102,466,684.81) (231,672,015.70) (231,672,015.70) (231,672,015.70) (231,672,015.70) (231,672,015.70) (32,523,308.73) 13,930,186.71 68,226,040.78 129,074,782.89 195,596,757.95 544,681,365.42 512,158,056.69 526,088,243.40 594,314,284.17 723,389,067.07 512,158,056.69 526,088,243.40 594,314,284.17 723,389,067.07 918,985,825.02

581,018,472.05 675,491,513.08 776,905,514.98 12,547,750.88 9,651,045.01 7,470,840.29 (59,829,030.07) (63,059,797.70) (66,465,026.77) (41,920,443.44) (54,814,452.55) (71,674,437.61) 431,613.07 374,487.63 324,922.94 (86,822,194.55) (90,998,676.32) (95,379,657.42)

(3,478,315.01) (3,573,180.61) (3,670,633.51) 92,589,366.90 97,060,396.58 101,751,178.50

0.00 0.00 0.00

4,226,387.37 4,429,211.44 4,641,769.03 498,763,607.19 574,560,546.58 653,904,470.43

0 0 0

(129,205,330.89) (129,205,330.89) (129,205,330.89) (102,466,684.81) (102,466,684.81) (102,466,684.81) (231,672,015.70) (231,672,015.70) (231,672,015.70) 267,091,591.49 342,888,530.87 422,232,454.72 918,985,825.02 1,186,077,416.51 1,528,965,947.38 1,186,077,416.51 1,528,965,947.38 1,951,198,402.11

PV 1,000,000,000.00

k 12.00%

m 15

Saldo Awal PMT Pokok Bunga Saldo Akhir

Perhitungan Angsuran Hutang Bank Rekening Koran

PV 810,089,782.12

k 11.50%

m 15

Saldo Awal PMT Pokok Bunga Saldo Akhir

Dalam dokumen 4. ANALISA dan PEMBAHASAN (Halaman 34-77)