Sebelum pembuatan model finansial dan simulasi perusahaan, data yang dibutuhkan sebagai input dari model tersebut adalah data mengenai data historis nilai tukar, data laporan keuangan historis dan rencana anggaran PT X dan kontrak Hedging. Dalam hal ini, data yang diperoleh merupakan data sekunder maupun data primer yang didapatkan dari PT X.
4.2.1 Data Historis Nilai Tukar
Data historis nilai tukar digunakan untuk mencari distribusi nilai tukar rupiah terhadap USD. Distribusi tersebut akan digunakan sebagai variabel input dalam simulasi. Pada penelitian ini, pola pergerakan nilai tukar yang digunakan pada laporan keuangan perusahaan diasumsikan sama dengan pola distribusi nilai tukar dari Juni 2015 hingga Juni 2016.
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Tabel 0.1 Data Historis Nilai Tukar USD terhadap IDR
Tanggal Nilai Tukar Tanggal Tukar Nilai Tanggal Tukar Nilai Tanggal Tukar Nilai 1-Jun-15 13,296 3-Sep-15 14,231 30-Nov-15 13,909 10-Mar-16 13,149
3-Jun-15 13,262 4-Sep-15 14,249 1-Dec-15 13,877 11-Mar-16 13,087
4-Jun-15 13,309 7-Sep-15 14,305 2-Dec-15 13,826 14-Mar-16 13,020
5-Jun-15 13,354 8-Sep-15 14,356 3-Dec-15 13,914 15-Mar-16 13,087
8-Jun-15 13,427 9-Sep-15 14,315 4-Dec-15 13,902 16-Mar-16 13,169
9-Jun-15 13,429 10-Sep-15 14,394 14-Dec-15 14,146 17-Mar-16 13,166 10-Jun-15 13,396 11-Sep-15 14,378 15-Dec-15 14,135 18-Mar-16 13,048 11-Jun-15 13,358 14-Sep-15 14,394 16-Dec-15 14,120 21-Mar-16 13,160 12-Jun-15 13,384 15-Sep-15 14,443 17-Dec-15 14,098 22-Mar-16 13,175 15-Jun-15 13,400 16-Sep-15 14,514 18-Dec-15 14,102 23-Mar-16 13,167 16-Jun-15 13,400 17-Sep-15 14,524 21-Dec-15 13,941 24-Mar-16 13,250 17-Jun-15 13,434 18-Sep-15 14,535 22-Dec-15 13,683 28-Mar-16 13,323 18-Jun-15 13,408 21-Sep-15 14,523 23-Dec-15 13,712 29-Mar-16 13,363 19-Jun-15 13,391 22-Sep-15 14,558 28-Dec-15 13,707 30-Mar-16 13,359 22-Jun-15 13,385 23-Sep-15 14,696 29-Dec-15 13,726 31-Mar-16 13,276 23-Jun-15 13,383 25-Sep-15 14,763 30-Dec-15 13,863 1-Apr-16 13,200 24-Jun-15 13,346 28-Sep-15 14,769 31-Dec-15 13,864 4-Apr-16 13,145
25-Jun-15 13,390 29-Sep-15 14,802 4-Jan-16 13,898 5-Apr-16 13,217
26-Jun-15 13,405 30-Sep-15 14,730 5-Jan-16 13,931 6-Apr-16 13,223
29-Jun-15 13,423 1-Oct-15 14,727 6-Jan-16 13,863 7-Apr-16 13,197
30-Jun-15 13,399 2-Oct-15 14,783 7-Jan-16 13,946 8-Apr-16 13,169
1-Jul-15 13,398 5-Oct-15 14,677 8-Jan-16 13,874 11-Apr-16 13,134
2-Jul-15 13,404 6-Oct-15 14,454 11-Jan-16 13,935 12-Apr-16 13,123 3-Jul-15 13,383 7-Oct-15 14,135 12-Jan-16 13,835 13-Apr-16 13,096 6-Jul-15 13,420 8-Oct-15 13,878 13-Jan-16 13,861 14-Apr-16 13,238 7-Jul-15 13,380 9-Oct-15 13,589 14-Jan-16 13,877 15-Apr-16 13,166 8-Jul-15 13,413 12-Oct-15 14,024 15-Jan-16 13,886 18-Apr-16 13,204 9-Jul-15 13,414 12-Oct-15 13,533 18-Jan-16 13,931 19-Apr-16 13,150 10-Jul-15 13,371 13-Oct-15 13,625 19-Jan-16 13,921 20-Apr-16 13,133 12-Jul-15 13,906 15-Oct-15 13,354 20-Jan-16 13,896 21-Apr-16 13,182 13-Jul-15 13,376 16-Oct-15 13,602 21-Jan-16 13,899 22-Apr-16 13,169 14-Jul-15 13,387 19-Oct-15 13,631 22-Jan-16 13,874 25-Apr-16 13,235 15-Jul-15 13,396 20-Oct-15 13,702 25-Jan-16 13,844 26-Apr-16 13,215 22-Jul-15 13,435 21-Oct-15 13,764 26-Jan-16 13,904 27-Apr-16 13,173 23-Jul-15 13,461 22-Oct-15 13,708 27-Jan-16 13,871 28-Apr-16 13,204 24-Jul-15 13,515 23-Oct-15 13,558 28-Jan-16 13,889 29-Apr-16 13,204 27-Jul-15 13,520 26-Oct-15 13,711 29-Jan-16 13,846 2-May-16 13,192 28-Jul-15 13,527 27-Oct-15 13,694 1-Feb-16 13,699 3-May-16 13,162 29-Jul-15 13,511 28-Oct-15 13,698 2-Feb-16 13,621 4-May-16 13,246 30-Jul-15 13,535 29-Oct-15 13,630 3-Feb-16 13,757 9-May-16 13,284
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Tabel 0.1 Data Historis Nilai Tukar USD terhadap IDR (lanjutan)
Tanggal Nilai Tukar Tanggal Tukar Nilai Tanggal Tukar Nilai Tanggal Tukar Nilai 31-Jul-15 13,548 30-Oct-15 13,707 4-Feb-16 13,662 10-May-16 13,333
3-Aug-15 13,559 2-Nov-15 13,750 5-Feb-16 13,653 11-May-16 13,271
4-Aug-15 13,562 3-Nov-15 13,662 9-Feb-16 13,689 12-May-16 13,299
5-Aug-15 13,585 4-Nov-15 13,528 10-Feb-16 13,538 13-May-16 13,311 6-Aug-15 13,597 5-Nov-15 13,671 11-Feb-16 13,369 16-May-16 13,328 7-Aug-15 13,604 6-Nov-15 13,618 12-Feb-16 13,471 17-May-16 13,278 10-Aug-15 13,604 9-Nov-15 13,755 15-Feb-16 13,476 18-May-16 13,319 11-Aug-15 13,609 10-Nov-15 13,687 16-Feb-16 13,333 19-May-16 13,467 12-Aug-15 13,922 11-Nov-15 13,644 17-Feb-16 13,504 20-May-16 13,573 12-Aug-15 13,827 12-Nov-15 14,007 18-Feb-16 13,479 23-May-16 13,607 13-Aug-15 13,816 12-Nov-15 13,643 19-Feb-16 13,549 24-May-16 13,606 14-Aug-15 13,832 13-Nov-15 13,701 22-Feb-16 13,460 25-May-16 13,671 18-Aug-15 13,900 16-Nov-15 13,801 23-Feb-16 13,397 26-May-16 13,615 19-Aug-15 13,893 17-Nov-15 13,780 24-Feb-16 13,446 27-May-16 13,575 20-Aug-15 13,907 18-Nov-15 13,832 25-Feb-16 13,416 30-May-16 13,641 21-Aug-15 13,964 19-Nov-15 13,856 26-Feb-16 13,400 31-May-16 13,615 24-Aug-15 14,068 20-Nov-15 13,808 29-Feb-16 13,395 1-Jun-16 13,671
26-Aug-15 14,173 23-Nov-15 13,764 1-Mar-16 13,367 2-Jun-16 13,695
27-Aug-15 14,199 24-Nov-15 13,792 2-Mar-16 13,314 3-Jun-16 13,612
28-Aug-15 14,081 25-Nov-15 14,137 3-Mar-16 13,260 6-Jun-16 13,478
31-Aug-15 14,097 25-Nov-15 13,741 4-Mar-16 13,159 7-Jun-16 13,375
1-Sep-15 14,151 26-Nov-15 13,802 7-Mar-16 13,029 8-Jun-16 13,241
2-Sep-15 14,198 27-Nov-15 13,816 8-Mar-16 13,128 9-Jun-16 13,231
Sumber : Bank Indonesia, diakses tanggal 13 Juni 2016 4.2.2 Data Historis Perusahaan
Data historis perusahaan merupakan data komponen keuangan PT X dalam menjalankan operasional bisnisnya. Secara garis besar komponen model keuangan PT X terdiri dari 2 struktur yaitu:
1. Struktur Pendapatan PT X
Dalam menjalankan operasional bisnisnya, PT X memperoleh pendapatan dari berbagai sumber. Berikut ini adalah penjelasan pendapatan yang didapatkan oleh PT X.
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Tabel 0.2 Struktur Pendapatan PT X
Jenis Pendapatan Mata Uang Keterangan
Revenue GA-PBTH USD Setelah bulan Augustus 2015, Seluruh transaksi dalam IDR Revenue GA-TMB USD Setelah bulan Augustus 2015, Seluruh transaksi dalam IDR
Revenue Non GA USD Setelah bulan Agustus 2015, IDR dan USD
Sumber : PT X
2. Struktur Pengeluaran PT X
Dalam menjalankan operasional bisnisnya, PT X mempunyai pengeluaran yang harus dikeluarkan dari berbagai sumber. Berikut ini adalah penjelasan pengeluaran yang dikeluarkan oleh PT X.
Tabel 0.3 Struktur Pengeluaran PT X
Jenis Pengeluaran Mata Uang
Biaya Gaji IDR
Biaya Material & Subcontract USD dan IDR
Biaya Depresiasi&Amortisasi IDR
Biaya Lain-lain USD dan IDR
Sumber : PT X
Dari struktur pendapatan dan pengeluaran, akan membentuk laporan laba rugi perusahaan. Terdapat 2 laporan laba rugi yang terbentuk, yaitu laporan laba rugi dalam satuan USD dan laporan laba rugi dalam satuan IDR.
42 Berikut ini adalah data laba rugi historis PT. X dalam satuan IDR
Tabel 0.4 Data Laba Rugi Historis PT X dalam Satuan IDR
Yearly Horizon
Monthly Horizon Jan Feb Mar Apr May …
Currency IDR IDR IDR IDR IDR …
REVENUE
Maintenance services revenue-GA- PBTH …
Maintenance services revenue-GA- TMB …
Maintenance services revenue-Non GA …
TOTAL REVENUE EXPENSES
Staff Expenses (34,666,234,340) (30,460,695,749) (94,952,031,825) (34,522,193,734) (39,801,922,228) … Material and Subcontract Expenses (7,956,047,639) (8,532,785,285) (27,421,589,653) (17,512,679,843) (9,116,470,005)… Depreciation, amortisation and impairment (747,527,874) (782,073,439) (2,405,909,489) (889,445,044) (961,281,090)… Other operating expenses (17,848,518,774) (19,800,771,172) (52,283,233,156) (18,642,793,582) (18,586,935,060) … TOTAL EXPENSES
OPERATING PROFIT
Interest income 17,385,369 16,904,133 44,291,885 9,393,896 (733,632,813)… Financial charges (102,736,443) (34,448,772) (178,808,716) (57,474,393) (16,858,352) … Others - net 835,769,320 (4,729,259,554) 1,209,291,940 2,514,068,471 7,504,807,617 … PROFIT BEFORE TAX
Tax (3,573,558,076) (2,228,139,508)
43 Berikut ini adalah data laba rugi historis PT. X dalam satuan USD.
Tabel 0.5 Data Laba Rugi Historis PT X dalam Satuan USD
Yearly Horizon
Monthly Horizon Jan Feb Mar Apr May …
Currency IDR IDR IDR IDR IDR …
REVENUE
Maintenance services revenue-GA- PBTH 6,453,234 6,139,253 20,251,777 6,464,624 7,671,490 … Maintenance services revenue-GA- TMB 965,212 508,263 2,499,666 7,568,231 1,659,088 … Maintenance services revenue-Non GA 1,664,118 2,033,913 5,350,860 2,401,345 2,658,024 … TOTAL REVENUE
EXPENSES
Staff Expenses …
Material and Subcontract Expenses (2,703,815) (2,909,182) (9,574,929) (6,184,546) (3,160,589) …
Depreciation, amortisation and impairment …
Other operating expenses (1,031,417) (1,147,928) (3,104,257) (1,119,486) (1,095,725) … TOTAL EXPENSES
OPERATING PROFIT
Interest income 241 234 613 130 (10,157) … Financial charges (1,041) (349) (1,811) (582) (171) …
Others - net …
PROFIT BEFORE TAX Tax
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4.2.3 Data Proyeksi Laba Rugi Perusahaan
Data proyeksi laba rugi PT X merupakan data anggaran perusahaan terhadap kegiatan operasional pada tahun 2016. Berikut ini adalah data proyeksi laba rugi perusahaan dalam satuan IDR.
Tabel 0.6 Data Proyeksi Laba Rugi Perusahaan dalam satuan IDR Yearly Horizon
Monthly Horizon Jan Feb Mar Apr May …
Currency IDR IDR IDR IDR IDR …
REVENUE
Maintenance services revenue-GA- PBTH 200,280,140,616 192,454,848,876 192,436,550,962 199,380,114,446 203,465,400,630 … Maintenance services revenue-GA- TMB 60,218,383,387 75,180,041,257 79,436,772,391 68,182,305,260 70,422,583,669 … Maintenance services revenue-Non GA 55,100,408,119.85 64,594,940,582.26 61,518,504,531.83 88,893,387,147.68 92,325,354,898.48 …
TOTAL REVENUE
EXPENSES
Staff Expenses (100,129,746,565) (101,056,631,921) (102,910,402,633) (102,910,402,633) (107,544,829,411) … Material and Subcontract Expenses (32,207,466,237) (35,929,431,243) (36,439,785,924) (40,973,015,379) (41,779,295,794) … Depreciation, amortisation and impairment (12,287,653,849) (12,227,675,451) (12,113,078,398) (12,383,765,006) (12,628,821,098) … Other operating expenses (34,892,930,028) (33,482,389,403) (32,917,019,794) (33,753,814,717) (33,332,963,750) … TOTAL EXPENSES
OPERATING PROFIT
Interest income 290,462,849 348,555,419 406,647,989 464,740,559 522,833,129 … Financial charges (5,183,742,388) (6,895,787,842) (6,557,578,977) (6,722,185,935) (7,123,643,872) … Others - net
-PROFIT BEFORE TAX
Tax (16,233,370,528) (18,752,425,257) (17,633,322,562) (25,100,207,077) (26,402,708,755) … 2016
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Berikut ini adalah data proyeksi laba rugi perusahaan dalam satuan USD.
Tabel 0.7 Data Proyeksi Laba Rugi Perusahaan dalam satuan USD Yearly Horizon
Monthly Horizon Jan Feb Mar Apr May …
Currency USD USD USD USD USD …
REVENUE
Maintenance services revenue-GA- PBTH …
Maintenance services revenue-GA- TMB …
Maintenance services revenue-Non GA 4,081,512 4,784,810 4,556,926 6,584,695 6,838,915 …
TOTAL REVENUE
EXPENSES
Staff Expenses …
Material and Subcontract Expenses (7,554,838) (8,427,891) (8,547,604) (9,610,954) (9,800,082) …
Depreciation, amortisation and impairment …
Other operating expenses (1,391,741) (1,335,480) (1,312,930) (1,346,306) (1,329,520) … TOTAL EXPENSES
OPERATING PROFIT
Interest income 4,021 4,826 5,630 6,434 7,239 … Financial charges (52,510) (69,852) (66,426) (68,093) (72,160) …
Others - net …
PROFIT BEFORE TAX Tax