31-Des-16 31-Des-17 31-Des-18 31-Des-19 31-Des-20 ASET
ASET LANCAR
Kas dan bank 298.563.784.107 431.573.583.550 369.170.524.762 285.755.312.130 457.984.350.641 Aset keuangan lainnya 3.015.865.228 3.028.569.816 3.264.059.759 3.175.806.183 3.251.900.225 Piutang usaha Pihak ketiga 314.905.003.168 378.597.630.625 372.943.508.175 426.033.343.382 327.795.908.782 Pihak berelasi 9.513.125.433 19.872.254.601 14.257.300.359 24.770.926.780 14.038.592.003 Piutang lain-lain 33.012.916.858 2.646.918.797 3.433.372.190 2.628.618.860 1.620.388.233 Pihak ketiga - - - - Persediaan 492.740.699.381 422.625.745.680 542.466.904.015 677.051.920.275 527.537.794.084 Pajak dibayar di muka 16.003.561.944 9.330.812.118 12.678.661.082 3.836.585.279- Uang muka 168.180.000 1.185.637.667 7.043.137.718 1.373.856.173 1.150.905.964 Biaya dibayar di muka 6.559.268.368 7.617.438.688 8.170.843.126 7.401.925.525 6.745.284.558
Total Aset Lancar 1.174.482.404.487 1.276.478.591.542 1.333.428.311.186 1.428.191.709.308 1.343.961.709.769
ASET TIDAK LANCAR
Piutang lain-lain 1.862.618.010 1.301.910.239 1.728.025.454 974.612.696 361.514.426 Biaya dibayar dimuka 1.197.803.048 749.147.478 721.704.385 518.340.896 61.666.657 Aset pajak tangguhan - Bersih 42.627.939.701 59.494.124.314 50.257.771.847 48.268.410.677 51.903.964.044 Aset tetap 935.344.860.312 964.642.806.296 998.708.967.039 938.300.134.590 822.015.923.646 Estimasi tagihan pajak penghasilan - - 55.365.892.322- 26.811.623.598 Perangkat lunak komputer 22.436.364.836 51.933.576.055 50.651.611.322 70.366.701.362 48.487.015.698 Aset Hak Guna - - - 12.385.742.135- Uang jaminan 7.149.047.707 7.207.033.506 9.647.120.568 9.206.819.088 8.800.896.029 Total Aset Tidak Lancar 1.010.618.633.614 1.085.328.597.888 1.111.715.200.615 1.123.000.911.631 970.828.346.233
TOTAL ASET 2.185.101.038.101 2.361.807.189.430 2.445.143.511.801 2.551.192.620.939 2.314.790.056.002 LIABILITAS DAN EKUITAS
LIABILITAS JANGKA PENDEK
Utang pihak - pihak berelasi - - - - Utang usaha
Pihak berelasi 441.664.131 4.058.327.218 5.366.092.105 3.651.209.598 5.228.609.465 Pihak ketiga 63.805.794.017 59.183.511.889 67.487.721.394 90.818.435.732 45.812.541.277 Utang lain-lain - pihak ketiga 24.947.119.140 45.734.804.548 24.915.446.884 33.139.575.841 11.932.133.956 Utang pajak 31.216.912.784 34.139.207.887 17.338.516.336 16.847.090.588 6.405.247.806 Biaya yang masih harus dibayar
Pihak berelasi 8.660.732.500 10.927.771.415 9.654.255.688 14.373.468.662 10.962.768.556 Pihak ketiga 91.508.161.568 105.763.222.886 106.771.810.380 97.022.970.442 46.050.694.484 Uang muka yang diterima - - - Liabilitas sewa - hak guna aset jangka pendek - - - 4.695.179.931- Utang proforma - - - - Liabilitas jangka panjang yang jatuh waktu
utang sewa - - - -
-Total Liabilitas Jangka Pendek 220.580.384.140 259.806.845.843 231.533.842.787 255.852.750.863 131.087.175.475
LIABILITAS JANGKA PANJANG
Liabilitas imbalan kerja 178.637.378.908 240.909.629.347 238.167.853.116 273.301.915.731 306.668.747.288 Liabilitas sewa - hak guna aset jangka
panjang - - - 8.086.587.575- Utang Bank - - - - Jaminan Pelanggan 2.724.767.728 2.764.377.816 2.978.650.759 2.894.137.183 2.960.626.225
Total Liabilitas Jangka Panjang 181.362.146.636 243.674.007.163 241.146.503.875 276.196.052.914 317.715.961.088
TOTAL LIABILITAS 401.942.530.776 503.480.853.006 472.680.346.662 532.048.803.777 448.803.136.563
EKUITAS
Modal saham 100.533.333.500 100.533.333.500 100.533.333.500 100.533.333.500 100.533.333.500 Tambahan modal disetor 188.531.610.794 188.531.610.794 188.531.610.794 188.531.610.794 188.531.610.794 Revaluasi investasi efek tersedia untuk dijual 160.162.000 133.256.500 154.473.500 150.733.500 160.338.500 Saldo laba 1.493.933.401.031 1.569.128.135.630 1.683.243.747.345 1.729.928.139.368 1.576.761.636.645
Jumlah Ekuitas 1.783.158.507.325 1.858.326.336.424 1.972.463.165.139 2.019.143.817.162 1.865.986.919.439
TOTAL LIABILITAS DAN
EKUITAS 2.185.101.038.101 2.361.807.189.430 2.445.143.511.801 2.551.192.620.939 2.314.790.056.002
LAPORAN POSISI KEUANGAN
PADA TANGGAL 31 DESEMBER 2016 SAMPAI 2020
31-Des-16 31-Des-17 31-Des-18 31-Des-19 31-Des-20 7,11% -2,13% 5,87% -29,07% PENJUALAN 2.526.776.164.168 2.706.394.847.919 2.648.754.344.347 2.804.151.670.769 1.989.005.993.587
BEBAN POKOK PENJUALAN 1.582.456.317.914 1.699.417.758.295 1.685.791.739.001 1.873.937.759.675 1.534.276.464.935
LABA BRUTO 944.319.846.254 1.006.977.089.624 962.962.605.346 930.213.911.094 454.729.528.652
BEBAN USAHA
Penjualan 557.095.829.636 568.987.731.498 548.089.824.378 510.131.022.209 338.477.541.654 Umum dan administrasi 190.489.640.668 212.668.813.623 229.749.812.470 229.289.192.021 184.862.086.510 Pendapatan operasi lainnya - - - - Beban operasi lainnya - - - -
Jumlah Beban Usaha 747.585.470.304 781.656.545.121 777.839.636.848 739.420.214.230 523.339.628.164
LABA (RUGI) USAHA 196.734.375.950 225.320.544.503 185.122.968.498 190.793.696.864 (68.610.099.512)
PENDAPATAN (BEBAN) LAIN-LAIN
Penghasilan bunga 13.111.156.151 16.775.681.888 21.065.143.694 12.636.033.410 11.161.719.328 Keuntungan (kerugian) atas penjualan aset tetap 118.013.036 (1.441.609.910) 860.134.040 506.524.989 (545.676) Kerugian penurunan nilai persediaan (2.881.747.470) (3.029.851.107) (6.161.241.182) - Keuntungan (kerugian) kurs mata uang asing - be (3.637.317.659) 1.272.931.765 4.307.734.542 (1.725.291.961) (3.192.669.841) Beban bunga - - - - Beban lain -lain 18.031.377.635 4.185.348.648 29.431.215.072 (1.218.605.208) 3.283.838.014
Beban Lain-lain Bersih 24.741.481.693 17.762.501.284 49.502.986.166 10.198.661.230 11.252.341.825
LABA SEBELUM PAJAK PENGHASILAN 221.475.857.643 243.083.045.787 234.625.954.664 200.992.358.094 (57.357.757.687)
Manfaat (beban) pajak penghasilan
- Pajak kini (54.517.376.250) (73.658.077.000) (60.174.660.250) (49.001.451.250) -- Pajak tanggguhan (4.898.885.046) 9.701.413.281 (1.401.851.658) (6.841.562.283) 2.581.170.474
(59.416.261.296)
(63.956.663.719) (61.576.511.908) (55.843.013.533) 2.581.170.474
Laba periode berjalan 162.059.596.347 179.126.382.068 173.049.442.756 145.149.344.561 (54.776.587.213)
Pendapatan komprehensif lain (11.335.233.585) (21.521.219.499) 23.524.719.429 (14.020.692.398) (13.932.310.370)
JUMLAH PENDAPATAN KOMPREHENSIF
PERIODE BERJALAN 150.724.362.762 157.605.162.569 196.574.162.185 131.128.652.163 (68.708.897.583) (dalam Rupiah)
LABA RUGI KOMPREHENSIF
31-Des-16 31-Des-17 31-Des-18 31-Des-19 31-Des-20 ASET
ASET LANCAR
Kas dan bank 298.563.784.107 431.573.583.550 369.170.524.762 285.755.312.130 457.984.350.641 Aset keuangan lainnya 3.015.865.228 3.028.569.816 3.264.059.759 3.175.806.183 3.251.900.225 Piutang usaha - - - - Pihak ketiga 314.905.003.168 378.597.630.625 372.943.508.175 426.033.343.382 327.795.908.782 Pihak berelasi 9.513.125.433 19.872.254.601 14.257.300.359 24.770.926.780 14.038.592.003 Piutang lain-lain 33.012.916.858 2.646.918.797 3.433.372.190 2.628.618.860 1.620.388.233 Pihak ketiga - - - - Persediaan 492.740.699.381 422.625.745.680 542.466.904.015 677.051.920.275 527.537.794.084 Pajak dibayar di muka 16.003.561.944 9.330.812.118 12.678.661.082 - 3.836.585.279 Uang muka 168.180.000 1.185.637.667 7.043.137.718 1.373.856.173 1.150.905.964 Biaya dibayar di muka 6.559.268.368 7.617.438.688 8.170.843.126 7.401.925.525 6.745.284.558
Total Aset Lancar 1.174.482.404.487 1.276.478.591.542 1.333.428.311.186 1.428.191.709.308 1.343.961.709.769
ASET TIDAK LANCAR
Piutang lain-lain 1.862.618.010 1.301.910.239 1.728.025.454 974.612.696 361.514.426 Biaya dibayar dimuka 1.197.803.048 749.147.478 721.704.385 518.340.896 61.666.657 Aset pajak tangguhan - Bersih 42.627.939.701 59.494.124.314 50.257.771.847 48.268.410.677 51.903.964.044 Aset tetap 935.344.860.312 964.642.806.296 998.708.967.039 938.300.134.590 822.015.923.646 Estimasi tagihan pajak penghasilan - - - 55.365.892.322 26.811.623.598 Perangkat lunak komputer 22.436.364.836 51.933.576.055 50.651.611.322 70.366.701.362 48.487.015.698 Aset Hak Guna - - - - 12.385.742.135 Uang jaminan 7.149.047.707 7.207.033.506 9.647.120.568 9.206.819.088 8.800.896.029
- - - Total Aset Tidak Lancar 1.010.618.633.614 1.085.328.597.888 1.111.715.200.615 1.123.000.911.631 970.828.346.233
TOTAL ASET 2.185.101.038.101 2.445.143.511.8012.361.807.189.430 2.551.192.620.939 2.314.790.056.002
LIABILITAS DAN EKUITAS LIABILITAS JANGKA PENDEK
Utang pihak - pihak berelasi - - - - Utang usaha
Pihak berelasi 441.664.131 4.058.327.218 5.366.092.105 3.651.209.598 5.228.609.465 Pihak ketiga 63.805.794.017 59.183.511.889 67.487.721.394 90.818.435.732 45.812.541.277 Utang lain-lain - pihak ketiga 24.947.119.140 45.734.804.548 24.915.446.884 33.139.575.841 11.932.133.956 Utang pajak 31.216.912.784 34.139.207.887 17.338.516.336 16.847.090.588 6.405.247.806 Biaya yang masih harus dibayar
Pihak berelasi 8.660.732.500 10.927.771.415 9.654.255.688 14.373.468.662 10.962.768.556 Pihak ketiga 91.508.161.568 105.763.222.886 106.771.810.380 97.022.970.442 46.050.694.484 Uang muka yang diterima - - - - Liabilitas sewa - hak guna aset jangka pendek - - - - 4.695.179.931 Utang proforma - - - - Liabilitas jangka panjang yang jatuh waktu
utang sewa - - - -
-Total Liabilitas Jangka Pendek 220.580.384.140 259.806.845.843 231.533.842.787 255.852.750.863 131.087.175.475
LIABILITAS JANGKA PANJANG
0
Liabilitas imbalan kerja 178.637.378.908 240.909.629.347 238.167.853.116 273.301.915.731 306.668.747.288 Liabilitas sewa - hak guna aset jangka
panjang - - - - 8.086.587.575 Utang Bank - - - - Jaminan Pelanggan 2.724.767.728 2.764.377.816 2.978.650.759 2.894.137.183 2.960.626.225
Total Liabilitas Jangka Panjang 181.362.146.636 243.674.007.163 241.146.503.875 276.196.052.914 317.715.961.088
TOTAL LIABILITAS
EKUITAS
Modal saham 100.533.333.500 100.533.333.500 100.533.333.500 100.533.333.500 100.533.333.500 Tambahan modal disetor 188.531.610.794 188.531.610.794 188.531.610.794 188.531.610.794 188.531.610.794 Revaluasi investasi efek tersedia untuk dijual 160.162.000 133.256.500 154.473.500 150.733.500 160.338.500 Saldo laba 1.493.933.401.031 1.569.128.135.630 1.683.243.747.345 1.729.928.139.368 1.576.761.636.645 Jumlah Ekuitas 1.783.158.507.325 1.858.326.336.424 1.972.463.165.139 2.019.143.817.162 1.865.986.919.439
TOTAL LIABILITAS DAN
EKUITAS 2.185.101.038.101 2.445.143.511.8012.361.807.189.430 2.551.192.620.939 2.314.790.056.002
- - -
-NORMALISASI LAPORAN POSISI KEUANGAN PADA TANGGAL 31 DESEMBER 2016 SAMPAI 2020
31-Des-16 31-Des-17 31-Des-18 31-Des-19 31-Des-20 PENJUALAN 2.526.776.164.168 2.706.394.847.919 2.648.754.344.347 2.804.151.670.769 1.989.005.993.587
BEBAN POKOK PENJUALAN 1.582.456.317.914 1.699.417.758.295 1.685.791.739.001 1.873.937.759.675 1.534.276.464.935
LABA BRUTO 944.319.846.254 1.006.977.089.624 962.962.605.346 930.213.911.094 454.729.528.652 BEBAN USAHA
Penjualan 557.095.829.636 568.987.731.498 548.089.824.378 510.131.022.209 338.477.541.654 Umum dan administrasi 190.489.640.668 212.668.813.623 229.749.812.470 229.289.192.021 184.862.086.510 Pendapatan operasi lainnya
Beban operasi lainnya
Jumlah Beban Usaha 747.585.470.304 781.656.545.121 777.839.636.848 739.420.214.230 523.339.628.164
LABA (RUGI) USAHA 196.734.375.950 225.320.544.503 185.122.968.498 190.793.696.864 (68.610.099.512) PENDAPATAN (BEBAN) LAIN-LAIN
Penghasilan bunga 13.111.156.151 16.775.681.888 21.065.143.694 12.636.033.410 11.161.719.328 Keuntungan (kerugian) atas penjualan aset tetap 118.013.036 (1.441.609.910) 860.134.040 506.524.989 (545.676) Kerugian penurunan nilai persediaan (2.881.747.470) (3.029.851.107) (6.161.241.182) - Keuntungan (kerugian) kurs mata uang asing - bersih (3.637.317.659) 1.272.931.765 4.307.734.542 (1.725.291.961) (3.192.669.841) Beban bunga - - - - Beban lain -lain 18.031.377.635 4.185.348.648 29.431.215.072 (1.218.605.208) 3.283.838.014
- - - -Beban Lain-lain Bersih 24.741.481.693 17.762.501.284 49.502.986.166 10.198.661.230 11.252.341.825
LABA SEBELUM PAJAK PENGHASILAN 221.475.857.643 243.083.045.787 234.625.954.664 200.992.358.094 (57.357.757.687)
Manfaat (beban) pajak penghasilan
- Pajak kini (54.517.376.250) (73.658.077.000) (60.174.660.250) (49.001.451.250) -- Pajak tanggguhan - - - -
-(54.517.376.250)
(73.658.077.000) (60.174.660.250) (49.001.451.250)
-Laba periode berjalan 166.958.481.393 169.424.968.787 174.451.294.414 151.990.906.844 (57.357.757.687)
Pendapatan komprehensif lain (11.335.233.585) (21.521.219.499) 23.524.719.429 (14.020.692.398) (13.932.310.370)
JUMLAH PENDAPATAN KOMPREHENSIF
PERIODE BERJALAN 155.623.247.808 147.903.749.288 197.976.013.843 137.970.214.446 (71.290.068.057)
(dalam Rupiah)
NORMALISASI LABA RUGI KOMPREHENSIF PADA TANGGAL 31 DESEMBER 2016 SAMPAI 2020
PROFORMA
2020 2021 2022 2023 2024 2025
ASET - - - - - -ASET LANCAR
Kas dan bank 467.465.489 577.008.581 620.592.905 737.975.194 845.897.215 991.612.812 Aset keuangan lainnya 3.251.900 291.274 291.274 291.274 291.274 291.274 Piutang usaha 343.063.537 339.562.732 395.007.992 454.229.439 538.319.502 626.131.550 Piutang lain-lain 1.620.388 1.620.388 1.620.388 1.620.388 1.620.388 1.620.388 Persediaan 532.921.306 516.162.762 579.416.173 642.543.884 743.502.764 852.367.456 Pajak dibayar di muka 4.802.681 4.802.681 4.802.681 4.802.681 4.802.681 4.802.681 Uang muka 1.150.906 1.150.906 1.150.906 1.150.906 1.150.906 1.150.906 Biaya dibayar di muka 6.745.285 6.745.285 6.745.285 6.745.285 6.745.285 6.745.285 Aset lancar lainnya 51.839 51.839 51.839 51.839 51.839 51.839 Total Aset Lancar 1.361.073.331 1.447.396.448 1.609.679.443 1.849.410.890 2.142.381.854 2.484.774.191
ASET TIDAK LANCAR
Piutang lain-lain 361.514 361.514 361.514 361.514 361.514 361.514 Biaya dibayar dimuka 61.667 61.667 61.667 61.667 61.667 61.667 Aset pajak tangguhan - Bersih 51.903.964 51.903.964 51.903.964 51.903.964 51.903.964 51.903.964 Aset tetap 823.947.234 796.481.244 768.140.021 756.919.772 742.271.098 747.958.356 Estimasi tagihan pajak penghasilan 26.811.624 26.811.624 26.811.624 26.811.624 26.811.624 26.811.624 Perangkat lunak komputer 48.487.016 29.947.016 20.407.016 20.367.016 17.367.016 21.367.016 Aset Hak Guna 12.385.742 6.885.742 1.385.742 - - Uang jaminan 8.800.896 8.800.896 8.800.896 8.800.896 8.800.896 8.800.896 Aset tidak lancar lainnya 114.595 114.595 114.595 114.595 114.595 114.595 Total Aset Tidak Lancar 972.874.252 921.368.262 877.987.039 865.341.047 847.692.374 857.379.632
TOTAL ASET 2.333.947.583 2.368.764.709 2.487.666.482 2.714.751.937 2.990.074.228 3.342.153.823 LIABILITAS DAN EKUITAS
LIABILITAS JANGKA PENDEK
Utang pihak - pihak berelasi - - - - - Utang usaha 51.594.810 66.551.414 74.706.988 82.846.356 95.863.483 109.899.945 Utang lain-lain - pihak ketiga 27.808.392 27.808.392 27.808.392 27.808.392 27.808.392 27.808.392 Utang pajak 6.483.552 6.483.552 6.483.552 6.483.552 6.483.552 6.483.552 Biaya yang masih harus dibayar 57.013.463 57.013.463 57.013.463 57.013.463 57.013.463 57.013.463 Uang muka yang diterima - - - - - Liabilitas sewa - hak guna aset jangka pendek 4.695.180 4.695.180 2.128.987 - - Utang proforma 8.285.776 - - - - Liabilitas jangka panjang yang jatuh waktu
utang sewa - - - - - -Total Liabilitas Jangka Pendek 155.881.173 162.552.001 168.141.382 174.151.763 187.168.890 201.205.352 LIABILITAS JANGKA PANJANG
Liabilitas imbalan kerja 310.005.605 328.835.560 351.855.049 376.482.402 392.768.532 409.527.878 Liabilitas sewa - hak guna aset jangka
panjang 8.086.588 2.566.053 - - - Utang Bank - - - - - Jaminan Pelanggan 2.960.626 2.960.626 2.960.626 2.960.626 2.960.626 2.960.626 Total Liabilitas Jangka Panjang 321.052.819 334.362.239 354.815.675 379.443.028 395.729.158 412.488.504 TOTAL LIABILITAS 476.933.992 496.914.240 522.957.057 553.594.791 582.898.047 613.693.856
EKUITAS
Modal saham 100.533.334 100.533.334 100.533.334 100.533.334 100.533.334 100.533.334 Tambahan modal disetor 179.558.315 179.558.315 179.558.315 179.558.315 179.558.315 179.558.315 Revaluasi investasi efek tersedia untuk dijual 160.339 160.339 160.339 160.339 160.339 160.339 Saldo laba 1.576.761.637 1.591.597.628 1.684.456.171 1.880.902.929 2.126.920.729 2.448.202.810 Jumlah Ekuitas 1.857.013.625 1.871.849.616 1.964.708.159 2.161.154.917 2.407.172.717 2.728.454.798 Kepentingan NonPendendali (34) 854 1.266 2.229 3.464 5.168
TOTAL LIABILITAS DAN
EKUITAS 2.333.947.583 2.368.764.709 2.487.666.482 2.714.751.937 2.990.074.228 3.342.153.823 PADA TANGGAL 31 DESEMBER 2021 SAMPAI 31 DESEMBER 2025
KONDISI MELAKUKAN RENCANA TRANSAKSI
2020 2021 2022 2023 2024 2025 (0,29)
0,13 0,16 0,15 0,19 0,16 PENDAPATAN 1.989.005.994 2.248.610.572 2.615.773.359 3.007.942.343 3.564.793.220 4.146.291.370
BEBAN POKOK PENJUALAN 1.534.276.465 1.622.647.088 1.821.495.145 2.019.948.045 2.337.329.780 2.679.564.804 454.729.529
625.963.484 794.278.214 987.994.298 1.227.463.440 1.466.726.566
BEBAN USAHA
Penjualan 338.477.542 375.664.986 424.988.653 482.624.099 626.671.223 727.000.111 Umum dan administrasi 184.862.087 232.397.995 259.736.379 269.831.750 306.189.965 353.923.851 Jumlah Beban Usaha 523.339.628 608.062.981 684.725.033 752.455.849 932.861.188 1.080.923.962
LABA (RUGI) USAHA (68.610.100) 17.900.503 109.553.181 235.538.449 294.602.252 385.802.604
PENDAPATAN (BEBAN) LAIN-LAIN
- - - - Penghasilan bunga 11.161.719 10.029.997 10.029.997 10.029.997 14.429.997 17.309.997 Keuntungan (kerugian) atas penjualan aset tetap (546) - - - - Kerugian penurunan nilai persediaan - - - - - Keuntungan (kerugian) kurs mata uang asing - bersih (3.192.670) (7.880.002) (2.480.002) 1.019.998 (980.002) (980.002) Beban bunga - (1.029.997) (1.029.997) (1.029.997) (529.997) (529.997) Beban lain -lain 3.283.838 - - - -
Beban Lain-lain Bersih 11.252.342 1.119.998 6.519.998 10.019.998 12.919.998 15.799.998 LABA SEBELUM PAJAK PENGHASILAN (57.357.758) 19.020.501 116.073.179 245.558.447 307.522.250 401.602.602
Manfaat (beban) pajak penghasilan
- Pajak kini - (4.184.510) (23.214.636) (49.111.689) (61.504.450) (80.320.520) - Pajak tanggguhan
(4.184.510) (23.214.636) (49.111.689) (61.504.450) (80.320.520)
Laba periode berjalan (57.357.758) 14.835.991 92.858.544 196.446.757 246.017.800 321.282.082
PROYEKSI LABA-RUGI KOMPREHENSIF
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2021 SAMPAI 31 DESEMBER 2025 KONDISI MELAKUKAN RENCANA TRANSAKSI
TERMINAL
Description 2021 2022 2023 2024 2025 VALUE
Proyeksi Laba Bersih 14.835.991 92.858.544 196.446.757 246.017.800 321.282.082
Ditambah :
Penyusutan dan amortisasi 174.076.680 163.938.223 168.202.992 176.502.873 189.300.782
Dikurangi :
Perubahan Modal Kerja (diluar
kas dan setara kas) 29.890.803 (113.109.290) (116.338.777) (172.031.816) (182.640.278) Capex (124.502.000) (120.557.000) (155.557.000) (158.854.200) (198.988.040) Kenaikan (Penurunan) Utang Bank Jangka Panjang - - - - -Arus Kas Bersih (NCF) 94.301.474 23.130.477 92.753.972 91.634.657 128.954.546
Terminal Value 3,0% 1.474.765.052
Discount Factor @ 11,99% 0,892965458
12,01% 0,7972451 0,7117853 0,6354863 0,5673661 0,5673661 84.207.959
18.440.658 66.020.913 58.232.569 73.164.435 836.731.661
Nilai kini Arus Kas Bersih (PV NCF) per 31 Desember 2020 1.136.798.194
(Dalam ribuan Rupiah)
ARUS KAS BERSIH (NCF) DAN NILAI KINI ARUS KAS BERSIH (PV NCF) PT MANDOM INDONESIA Tbk.
Cost Of Equity = Tingkat bunga tanpa resiko + beta (
Equity risk premium) - Default Spread = 12,34%
WACC = 11,99%
WE = 0,94
WD = 0,06
Total Modal dan Hutang = 1,00
Tingkat bunga bank - kredit investasi bank pemerintah = 8,87%
Equity risk premium = 6,56%
Default spreead = 1,68%
Tingkat bunga tanpa resiko berdasarkan yield obligasi
Pemerintah tgl 31 Desember 2020 - Rupiah untuk 30 tahun = 7,10%
Beta = 1,05
PERHITUNGAN DISCOUNT FACTOR PT MANDOM INDONESIA Tbk.
Cost Of Equity = Tingkat bunga tanpa resiko + beta (
Equity risk premium) - Default Spread = 12,35%
WACC = 12,01%
WE = 0,94
WD = 0,06
Total Modal dan Hutang = 1,00
Tingkat bunga bank - kredit investasi bank pemerintah = 8,87%
Equity risk premium = 6,56%
Default spreead = 1,68%
Tingkat bunga tanpa resiko berdasarkan yield obligasi
Pemerintah tgl 31 Desember 2020 - Rupiah untuk 30 tahun = 7,10%
Beta = 1,06
PT MANDOM INDONESIA Tbk. PERHITUNGAN DISCOUNT FACTOR