EVA EBIT - WACC)
Perhitungan Economic Value Added 2007
BAB V
kepada stakeholders menjadi penting
perusahaan untuk yang
kepada stakeholders tersebut. hal ini yang
adalah untuk suatu perusahaan. saat ini,
perusahaan yang value
Management). Konsep VBM manajemen lebih dan
kas yang bagi pemegang
kunci yaitu sebagai
tujuan perusahaan, kineja internal perusahaan yang
memotivasi manajemen mengejar
Value Added (EVA) yang oleh
and Company, sebuah manajemen adalah satu value
based (Stewart 1991). EVA dan
dasarnya EVA suatu
of perusahaan. EVA dari laba
dengan EVA perusahaan
menciptakan
EVA adalah Ekonomis yang perusahaan dari
periode tertentu. EVA membenkan
yang baik untuk menilai suatu kine j a dan prestasi manajemen
EVA kinerja pada
untuk tiga yaitu
dan
didasarkan pada discounted EVA, unit dengan EVA dan
kompensasi bisa tergantung pada unit EVA relatif target yang tepat
EVA sebagai kinerja keterbatasan lain.
1) Sebagai masa EVA tidak dampak
yang diterapkan masa depan perusahaan. 2) Sifat
term, sehingga jangka
bisa EVA yang
Hal dapat daya
yang 3) EVA mcngabaikan kine rja yang sebenarnya bisa
meningkatkan keuangan. balance score card, Value
memang dapat biaya
4)
pada tertentu. EVA untuk
keuangan tidak tepat beberapa misalkan perusahaan
dengan yang pada
1997). 5) Tidak pada masa 6)
biaya Penggunaan EVA meningkatkan fees
Ada beberapa yang EVA,
tergantung dari modal dari dalam perusahaan
EVA -
= Net Profit after
Tax
opportunity cost of equity
E equity
apabila modal
matematis EVA dapat sebagai
-
Profit after Tax
WACC = Average Cost of Capital
TA Total Asset
dengan akan
kesimpulan sebagai
Jika EVA menunjukkan nilai perusahaan
Jika EVA tidak ekonomis
perusahaan Jika EVA = menunjukkan karena laba
untuk membayar kepada maupun
saham
Bank Rakyat Indonesia satu Bank milik Pemerintah yang
16 1895, yang kemudian han
kelahiran Bank Rakyat Indonesia Bank Rakyat Indonesia salah
satu bank yang go saham perdana
Bank
RakyatIndonesia berdasarkan 30 Oktober 2003 Pemerintah
Negara untuk
umum saham perdana sebesar 3.81
penjatahan Bank
nominal per
Bedasarkan Model Value Bank
indonesia pada 2007 bahwa dan
1 Hal pada dibawah : I Suku Bank 8 625% I I I
I
I Modal I I Added 1205041450000 1153427346400 0.93% -0.2956 0 1174 I I -0.0035 -0.125 1 0 1235 WACC Beta i Ii
8 8% IBank Indonesia. Edaran Direksi
Tingkat Bank Umum. Jakarta Abdullah, M Faisa1.2005,
Bank, Press, Malang.
2001, PT Indonesia.
1997, Penerbit Liberty, Jogjakarta
Bambang 2001, BPFE Perbankan Jakarta. 2004 PT Persada. Jakarta Bank. Jakarta. Taswan 2006. STIM
Undang-Undang no.7 tahun 1992 diubah
Undang-Undang no. 1998.
Bank Indonesia, 1999, Bank Umum, Bank Indonesia, Jakarta. Bank Indonesia, 2001, Bank
Modal Minimum Bank Umum, Bank Indonesia, Jakarta
Bank Indonesia, 2003, Peraturan Bank Indonesia
Kewajiban Modal Minimum Bank Umum dengan
PT BANK Tbk Ka7 INDONESIA BOARD OF DIRECTORS : A Toni : nk No. 13, of Financial
b. No. Circular No.
14, of Monthly s r d l o Bank
Bank No. Financial
d. No. of the No.
to Periodic Financial Statements.
Bank based on Regulation dated January by
dated January in Bank Regulation
apply quality by Bank Indonesia in the in Bank Bank
For certain in financial of and period ended haw to in ended
rate of 1 Dollar war, and par by dividing the the year by weighted
per to of the employee o r
STATEMENTS OF INCOME AND CHANOE IN RETAINED the January to September 30,2007
(In millions of unless otherwise stated)
b. Foreign currencies interest income Merest expenses 2 1 expense b. Foreign currencies and commissions interest expense Net interest lncome I Other operating Income
3.1. lees and
3.2. Foreign exchange gain
other operating
for possible losses on earning assets
I (reversal) losses on commitments and contingencies I Other operating expenses
6.1. General and
6.2. Salaries and employee benefits
6.3. Losses from decline in value and sale of government bonds and Losses on foreign exchange transadions
6.5.
operating expenses Net operating
Non Income
lncome (expense) lnwme before tax
Provision for income
Net income for current period interest
Retained earnings at beginning year a. Dividend
Retained at end year EARNINGS PER SHARE
STATEMENTS OF COMMITMENTS AND CONTINGENCIES As of September 2007 loan facilities I Guarantees received b. Foreign currencies on non-performing loans b. Foreign currencies Total a. Bank guarantees currencies ,
3 4 a b Loam a
I""'
CALCULATION OF CAPITAL ADEQUACY RATIO
of comparative for
(in millions of Rupiah)
CAPITAL COMPONENTS A. CORE CAPITAL 1 Capital 2 Reserves) a. b Dlsaglo
C. Manaaement Stock Option
d
e. General and Special Reserves Previous Year's Tax Accumulated Losses
h. Current Year's Profit After Tax (50%) I. Current Year's Losses
Differences In Foreign Currency Translation of Overseas Branches 1) Adjustment
2) Negative Adjustment
k. Funds for In Capital
I. Decline In Value of in Available for Portfolio 3.
Revaluation Differences in and Quasi-reorganization I. SUPPLEMENTARY CAPITAL
100% from Core
1 on Revaluation Increment of and Equipment
2 Revaluation Differences in Assets and
3 General Reserves of Allowance for Possible Losses on Earning Assets (maximum 1.25% Risk Assets)
4 Loan
5 Subordinated Loan (maximum 50% from Core Capital) 6 Increase of Equity in able far
. SUPPLEMENTARY ADDED CAPITAL REQUIRED
I. SUPPLEMENTARY ADDED CAPITAL MARKET ALLOCATION
AND
MINIMUM CAPITAL ADEQUACY
I
Presented without the of Tax Assets in compliance Bank No
December 31.2001
Presented net of of I and Notes was calculated using the line method
FINANCIAL
As of September 30,2007 with comparative figures for1006
DESCRIPTION C A P I T A L
CAR Risk
CAR Credit Risk and Market Risk
3. Premises and Equipment to Capital
30,2007 September
I
ASSETS
Non performing 3.14% 3.14% 2. Allowance for Possible Losses on Earning Assets 4.98% 4.68%
3. for Allowance for Possible Losses on Assets 158.29%
4. Compliance for Allowance for Possible Losses on Non Assets 100.01% 194.15% 4.78%
R O A R O E
N I insuranca N I M deposit insuranca
Operating Expenses to Revenues
I I
L D R 73.88%
COMPLIANCE
1. a. Percentage Violation of Lending Limit Related parties
Third parties
b. Percentage of Excess Legal Limit Related parties
b.2. Third parties
2. Rupiah (Primary Reserves) 10.09%
3. Net Open Position (Percentage of 4.09% 3.15%
5 :
3 and equipment depreciation)
expenses (include expense and provision expense on productive and other assets) divided by Income (include income)..
SHARIA BUSINESS FINANCIAL INFORMATION PT BANK RAKYAT INDONESIA (PERSERO),
BALANCE SHEETS
As September 30,2007 lor
(In
with Bank Letter No 9 2005
regardlng of Annual Report, Quarterly and Monthly and Report from Bank to Bank
TOTAL ASSETS
Marketable Issued
Other 459,777 691.633
Unrestricted Investment Funds
a. Mudharabah Saving 160,097 124.038
b. Mudharabah Tlme 208,893 124,230
Retairned Earnings 12,870 9.797
STATEMENTS OF INCOME
the January 1 to September 30.2007 with tor (In
4 Other Operahng
8. TOTAL OPERATING INCOME
Share On Investment Funds
a Banks
E. of Sharlng tor Investor
Unrestricted Investment Funds
I
EXPENSES FROM OPERATIONS 1 Wadlah Bonuses
for on Earning Assets 3 General and
4 Personnel Expenses 6 Other Expenses
TOTAL OPERATING EXPENSES b Non Banks
C. Bank (FPJPS) TOTAL
H. INCOME (EXPENSES) FROM OPERATION -NET I. Non Operatlng
Non
INCOME FOR PERIOD
STATEMENTS OF AND CONTINGENCIES
As of September wlth for
(In
No. I DESCRIPTION September
1 Granted to Customers 14 055 582
Jakarta 2001 2
SHARIA SUPERVISORY
PROF K DRS ASJMUNI AEDURRAHMAN
4 18,431 4,523
Outstanding
Guarantees (Kafalah) Issued
PT BANK RAKYAT INDONESIA (PERSERO), Tbk BUSINESS
EKO SUHARNO Head of
PROFIT DISTRIBUTION
For the period January 01,2007 to September 30,2007 (In millions of Rupiah)
b. Non Banks
Mudharabah Saving Deposits
b. Banks
3 Mudharabah Time Deposits
1 Month 3