95
LAMPIRAN
LAMPIRAN 1
96
LANJUTAN LAMPIRAN 1
Sampel Penelitian Perusahaan Property dan Real Estate
di Bursa Efek Indonesia Periode 2011-2014
34
MKPI
√
×
×
Tidak
35
MMLP
×
×
×
Tidak
36
MTLA
√
√
√
Sampel (S13)
37
MTSM
√
√
√
Sampel (S14)
38
NIRO
×
×
×
Tidak
39
MORE
×
×
×
Tidak
40
PLIN
√
√
×
Tidak
41
PPRO
×
×
×
Tidak
42
PWON
√
√
√
Sampel (S15)
43
PWSI
×
×
×
Tidak
44
RBMS
√
√
×
Tidak
45
RDTX
√
√
√
Sampel (S16)
46
RODA
√
√
×
Tidak
47
SCBD
√
√
×
Tidak
48
SMDM
√
√
×
Tidak
49
SMRA
√
√
×
Tidak
50
TARA
×
×
×
Tidak
97
LAMPIRAN 2
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN COWELL DEVELOPMENT Tbk
Keterangan 2011 2012 2013 2014
Current asset 232,849,402,113 405,187,499,295 213,170,942,997 3,188,091,115
current liabilities 182,395,789,766 285,845,280,003 320,518,403,573 2,803,110,232
working capital net 50,453,612,347 119,342,219,292 -107,347,460,576 384,980,883
total asset 385,681,565,146 1,778,248,912,031 1,944,913,754,306 16,942,366,954 working capital net /
total asset 0.1308 0.0671 -0.0552 0.0227
rentained earning 78,970,243,551 145,205,567,715 193,907,887,789 3,597,979,558
total asset 385,681,565,146 1,778,428,912,031 1,944,913,754,306 16,942,366,954 rentained earning / total
asset 0.2048 0.0816 0.0997 0.2124
EBIT 42,382,904,219 85,289,192,235 76,611,799,917 1,385,766,654
total asset 385,681,565,146 1,778,428,912,031 1,944,913,754,306 16,942,366,954
Ebit / Total asset 0.1099 0.0480 0.0394 0.0818
Book value of equity 163,821,701,929 1,133,694,872,793 1,182,586,794,176 6,389,173,934
Book Value of debt 221,859,863,217 644,554,039,238 762,326,960,130 10,553,193,020 Book value of equity /
Book value of debt 0.7384 1.7589 1.5513 0.6054
Tahun Nilai Z"-score status
2011 (6,25 x 0,1308)+(3,26 x 0,248)+(6,72 x 0,1099)+(1,05 x 0,7384)= 3.00 Tidak Bangkrut
2012 (6,25 x 0,0671)+(3,26 x 0,0816)+(6,72 x 0,0480)+(1,05 x 1,7589)= 2.81 Tidak Bangkrut
2013 (6,25 x -0,0552)+(3,26 x 0,0997)+(6,72 x 0,0394)+(1,05 x 1,5513)= 1.87 kelabu
2014 (6,25x 0,0227)+(3,26 x 0,2124)+(6,72 x 0,0818)+(1,05 x 0,6054)= 2.02 kelabu
98
LAMPIRAN 3
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN CIPUTRA DEVELOPMENT Tbk
Keterangan 2011 2012 2013 2014
Current asset 5,226,048 7,025,034 9,671,220 11,446,518
current liabilities 2,209,141 4,503,802 7,129,204 7,775,481
working capital net 3,016,907 2,521,232 2,542,016 3,671,037
total asset 11,524,867 15,023,392 20,114,871 23,283,478 working capital net / total
asset 0.2618 0.1678 0.1264 0.1577
rentained earning 441,555 924,494 1,714,219 2,750,992
total asset 11,524,867 15,023,392 20,114,871 23,283,478 rentained earning / total
asset 0.0383 0.0615 0.0852 0.1182
EBIT 616,529 1,093,550 1,809,693 2,449,217
total asset 11,524,867 15,023,392 20,114,871 23,283,478
Ebit / Total asset 0.0535 0.0728 0.0900 0.1052
Book value of equity 7,647,434 8,480,745 9,765,513 11,421,371
Book Value of debt 3,877,433 6,542,647 10,349,358 11,862,107 Book value of equity / Book
value of debt 1.9723 1.2962 0.9436 0.9628
Tahun Nilai Z"-score status
2011 (6,25 x 0,2618)+(3,26 x 0,0383)+(6,72 x 0,0535)+(1,05 x 1,9723)=4.19 Tidak Bangkrut
2012 (6,25 x 0,1678)+(3,26 x 0,0615)+(6,72 x 0,0728)+(1,05 x 1,2962)=3.15 Tidak Bangkrut
2013 (6,25 x 0,1264)+(3,26 x 0,0852)+(6,72 x 0,0900)+(1,05 x 0,9436)=2.66 Tidak Bangkrut
2014 (6,25 x 0,1577)+(3,26 x 0,1182)+(6,72 x 0,1052)+(1,05 x 0,9628)=3.09 Tidak Bangkrut
99
LAMPIRAN 4
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN CIPUTRA PROPERTY Tbk
Keterangan 2011 2012 2013 2014
Current asset 1,017,537,662,629 1,843,128,414,359 1,814,937,329,192 2,233,698,938,364
current liabilities 370,786,697,414 1,014,271,893,496 1,336,511,632,835 1,635,580,203,873
working capital net 646,750,965,215 828,856,520,863 478,425,696,357 598,118,734,491
total asset 4,314,646,971,261 5,933,874,601,626 7,653,881,472,162 8,861,322,202,870 working capital net / total
asset 0.1499 0.1397 0.0625 0.0675
rentained earning 593,150,033,103 845,485,989,858 1,171,608,532,602 1,440,205,788
total asset 4,314,646,971,261 5,933,874,601,626 7,653,881,472,162 8,861,322,202,870 rentained earning / total
asset 0.1375 0.1425 0.1531 0.0002
EBIT 203,925,822,496 376,043,656,054 533,793,531,842 507,801,954,018
total asset 4,314,646,971,261 5,933,874,601,626 7,653,881,472,162 8,861,322,202,870
Ebit / Total asset 0.0473 0.0634 0.0697 0.0573
Book value of equity 3,606,965,168,035 3,988,710,375,646 4,572,835,845,894 4,887,630,043,291
Book Value of debt 707,681,803,226 1,945,164,225,980 3,081,045,626,268 3,973,692,159,579 Book value of equity /
Book value of debt 5.0969 2.0506 1.4842 1.2300
Tahun Nilai Z"-score status
2011 (6,25 x 0,1499)+(3,26 x 0,1375)+(6,72 x 0,0473)+(1,05 x 5,0969)= 7.05 Tidak Bangkrut
2012 (6,25 x 0,1397)+(3,26 x 0,1425)+(6,72 x 0,0634)+(1,05 x 2,0506)= 3.92 Tidak Bangkrut
2013 (6,25 x 0,0625)+(3,26 x 0,1531)+(6,72 x 0,0697)+(1,05 x 1,4842)= 2.92 Tidak Bangkrut
2014 (6,25 x 0,0675)+(3,26 x 0,0002)+(6,72 x 0,0573)+(1,05 x 1,2300)= 2.10 kelabu
100
LAMPIRAN 5
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN CIPUTRA SURYA Tbk
Keterangan 2011 2012 2013 2014
Current asset 1,855,102,140,842 2,184,737,510,532 3,276,920,505,056 3,254,113,989,143
current liabilities 1,112,927,132,842 1,732,698,641,466 2,826,339,771,203 2,666,270,435,765
working capital net 742,175,008,000 452,038,869,066 450,580,733,853 587,843,553,378
total asset 3,529,028,238,751 4,428,210,643,555 5,770,169,834,673 6,121,211,474,227 working capital net / total
asset 0.2103 0.1021 0.0781 0.0960
rentained earning 1,170,882,693,145 1,395,726,293,114 1,711,921,949,117 2,115,094,111,216
total asset 3,529,028,283,751 4,428,210,643,555 5,770,169,834,673 6,121,211,474,227
rentained earning / total aset 0.3318 0.3152 0.2967 0.3455
EBIT 239,543,797,962 329,206,951,938 488,183,183,290 675,370,602,221
total asset 3,529,028,283,751 4,428,210,643,555 5,770,169,834,673 6,121,211,474,227
Ebit / Total asset 0.0679 0.0743 0.0846 0.1103
Book value of equity 1,948,943,116,719 2,214,558,097,023 2,495,664,802,621 3,018,517,462,091
Book Value of debt 1,580,085,122,032 2,213,652,546,532 3,274,505,032,052 3,102,694,012,136 Book value of equity / Book
value of debt 1.2334 1.0004 0.7622 0.9729
Tahun Nilai Z"-score status
2011 4.15 Tidak Bangkrut
2012 3.22 Tidak Bangkrut
2013 2.82 Tidak Bangkrut
2014 3.49 Tidak Bangkrut
101
LAMPIRAN 6
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN DUTA ANGGADA REALTY Tbk
Keterangan 2011 2012 2013 2014
Current asset 790,158,899 785,147,759 1,017,064,846 891,641,071
current liabilities 1,184,997,487 674,676,158 504,748,990 479,525,250
working capital net -394,838,588 110,471,601 512,315,856 412,115,821
total asset 4,103,893,859 4,293,161,447 4,768,449,638 5,114,273,658 working capital net / total
asset -0.0962 0.0257 0.1074 0.0806
rentained earning 3,313,162 183,459,414 902,558,640 1,221,713,074
total asset 4,103,893 4,293,161,447 4,768,449,638 5,114,273,658 rentained earning / total
asset 0.8073 0.0427 0.1893 0.2389
EBIT 99,574,247 240,034,830 348,705,333 565,644,929
total asset 4,103,893,859 4,293,161,447 4,768,449,638 5,114,273,658
Ebit / Total asset 0.0243 0.0559 0.0731 0.1106
Book value of equity 2,243,436,383 2,837,716,716 2,926,677,764 3,246,828,439
Book Value of debt 1,860,457,476 1,455,444,731 1,841,771,874 1,867,445,219 Book value of equity /
Book value of debt 1.2059 1.9497 1.5891 1.7386
Tahun Nilai Z"-score Status
2011 3.46 Tidak Bangkrut
2012 2.72 Tidak Bangkrut
2013 3.45 Tidak Bangkrut
2014 3.85 Tidak Bangkrut
102
LAMPIRAN 7
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN BAKRIELAND DEVELOPMENT Tbk
Keterangans 2011 2012 2013 2014
Current asset 5,628,083,620,180 3,826,637,618,331 2,776,534,225,378 4,754,578,792,492
current liabilities 4,189,484,452,454 4,470,431,893,894 4,395,252,171,260 5,144,194,341,024
working capital net 1,438,599,167,726 -643,794,275,563 -1,618,717,945,882 -389,615,548,532
total asset 17,707,949,698,417 16,235,632,983,194 12,301,124,419,066 14,506,123,496,863 working capital net / total
asset 0.0812 -0.0397 -0.1316 -0.0269
rentained earning 948,883,270,402 253,231,244,436 484,308,483,636 16,412,106,028
total asets 17,707,949,698,417 16,253,632,983,194 12,301,124,419,066 14,506,123,496,863
rentained earning / total aset 0.0536 0.0156 0.0394 0.0011
EBIT 382,802,193,626 731,602,234,226 36,702,118,974 539,341,610,992
total aset 17,707,949,698,417 16,235,632,983,194 12,301,124,419,066 14,506,123,496,863
Ebit / Total aset 0.0216 0.0451 0.0030 0.0372
Book value of equity 10,902,071,538,314 10,164,214,273,030 7,165,393,515,788 7,614,001,948,904
Book Value of debt 6,805,878,160,103 6,071,418,710,164 5,135,730,903,278 6,892,121,547,959 Book value of equity / Book
value of debt 1.6019 1.6741 1.3952 1.1047
Tahun Nilai Z"-score status
2011 2.51 kelabu
2012 1.86 kelabu
2013 0.79 bangkrut
2014 1.25 kelabu
103
LAMPIRAN 8
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN MEGAPOLITAN DEVELOPMENT Tbk
Keterangan 2011 2012 2013 2014
Current asset 508,870 493,213 532,850,337,052 635,387,342,048
current liabilities 349,626 294,856 289,122,314,813 392,140,844,427
working capital net 159,244 198,357 243,728,022,239 243,246,497,621
total aset 894,534 886,379 938,536,950,089 179,018,690,672 working capital net /
total aset 0.1780 0.2238 0.2597 1.3588
rentained earning 27,835 31,153 64,838,544,840 109,640,456,451
total aset 894,534 886,379 938,536,950,089 179,018,690,672 rentained earning /
total aset 0.0311 0.0351 0.0691 0.6125
EBIT 8,904 11,753 47,551,812,583 62,703,726,302
total aset 894,534 886,379 938,536,950,089 179,018,690,672
Ebit / Total aset 0.0100 0.0133 0.0507 0.3503
Book value of equity 519,762 523,939 557,941,179,685 -397,035,306,429
Book Value of debt 374,772 362,440 380,595,770,404 576,053,997,101 Book value of equity /
Book value of debt 1.3869 1.4456 1.4660 -0.6892
Tahun Nilai Z"-score Status
2011 2.74 Tidak Bangkrut
2012 3.12 Tidak Bangkrut
2013 3.73 Tidak Bangkrut
2014 12.12 Tidak Bangkrut
104
LAMPIRAN 9
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHA AN GOWA MAKASAR TOURISM DEVELOPMENT Tbk
Keterangan 2011 2012 2013 2014
Current asset 289,969,606,786 587,923,707,791 500,021,040,720 1,065,521,125,713
current liabilities 265,492,341,496 456,583,837,506 489,211,210,350 510,945,337,339
working capital net 24,477,265,290 131,339,870,285 10,809,830,370 554,575,788,374
total aset 487,193,845,496 900,597,066,316 1,307,846,871,186 1,524,317,216,546 working capital net / total
aset 0.0502 0.1458 0.0083 0.3638
rentained earning 122,471,833,868 182,886,480,761 270,138,090,573 386,796,283,135
total aset 487,193,845,496 900,597,066,316 1,307,846,871,186 1,524,317,216,546 rentained earning / total
aset 0.2514 0.2031 0.2066 0.2538
EBIT 58,495,816,726 76,583,527,140 97,960,899,418 130,728,971,981
total aset 487,193,845,496 900,597,066,316 1,307,846,871,186 1,524,317,216,546
Ebit / Total aset 0.1201 0.0850 0.0749 0.0858
Book value of equity 173,440,833,868 233,955,480,761 403,423,859,440 666,347,155,005
Book Value of debt 313,753,011,628 666,641,585,555 904,423,011,746 857,970,061,541 Book value of equity /
Book value of debt 0.5528 0.3509 0.4461 0.7767
Tahun Nilai Z"-score Status
2011 2.52 Kelabu
2012 2.51 Kelabu
2013 1.70 Kelabu
2014 4.49 Tidak Bangkrut
105
LAMPIRAN 10
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN JAYA REAL PROPERTY Tbk
Keterangan 2011 2012 2013 2014
Current asset 1,926,422,132 2,072,956,998 2,154,914,227 2,303,238,701
current liabilities 1,856,542,511 2,367,282,066 3,063,899,266 3,047,241,473
working capital net 69,879,621 -294,325,068 -908,985,039 -744,002,772
total aset 4,084,414,957 4,998,260,900 6,163,177,866 6,684,262,908 working capital net / total
aset 0.0171 -0.0589 -0.1475 -0.1113
rentained earning 1,324,718,622 1,627,391,320 2,023,481,776 2,557,212,514
total aset 4,084,414,957 4,998,260,900 6,163,177,866 6,684,262,908 rentained earning / total
aset 0.3243 0.3256 0.3283 0.3826
EBIT 397,538,177 491,372,623 631,664,497 822,596,711
total aset 4,084,414,957 4,998,260,900 6,163,177,866 9,984,262,908
Ebit / Total aset 0.0973 0.0983 0.1025 0.0824
Book value of equity 1,900,318,299 2,221,428,882 2,683,657,515 3,201,931,306
Book Value of debt 2,184,096,658 2,776,832,018 3,479,520,351 3,482,331,602 Book value of equity /
Book value of debt 0.8701 0.8000 0.7713 0.9195
Tahun Nilai Z"-score status
2011 2.73 Tidak Bangkrut
2012 2.19 kelabu
2013 1.65 kelabu
2014 2.07 kelabu
106
LAMPIRAN 11
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN KAWASAN INDUSTRI JABABEKA Tbk
Keterangan 2011 2012 2013 2014
Current asset 3,396,767,010,817 4,413,349,410,393 5,025,541,301,117 5,152,157,377,426
current liabilities 950,915,305,742 1,209,939,549,321 1,752,626,609,061 1,022,071,671,563
working capital net 2,445,851,705,075 3,203,409,861,072 3,272,914,692,056 4,130,085,705,863
total aset 5,597,356,750,923 7,077,817,870,077 8,255,167,231,158 8,505,270,447,485 working capital net / total
aset 0.4370 0.4526 0.3965 0.4856
rentained earning 543,962,911,057 923,942,862,896 891,579,106,937 1,257,191,098,596
total aset 5,597,356,750,923 7,077,817,870,077 8,255,167,231,158 8,505,270,447,485 rentained earning / total
aset 0.0972 0.1305 0.1080 0.1478
EBIT 3,632,685,213,810 457,791,362,222 204,165,205,511 559,855,804,472
total aset 5,597,356,750,923 7,077,817,870,077 8,255,167,231,158 8,505,270,447,485
Ebit / Total aset 0.6490 0.0647 0.0247 0.0658
Book value of equity 3,501,702,416,961 3,975,401,188,796 4,186,031,873,203 5,661,836,413,817
Book Value of debt 2,095,654,333,962 3,102,416,681,281 4,069,135,357,955 2,843,434,033,668 Book value of equity /
Book value of debt 1.6709 1.2814 1.0287 1.9912
Tahun Nilai Z"-score status
2011 9.16 Tidak Bangkrut
2012 5.03 Tidak Bangkrut
2013 4.08 Tidak Bangkrut
2014 6.05 Tidak Bangkrut
107
LAMPIRAN 12
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN LIPPO CIKARANG Tbk
Keterangan 2011 2012 2013 2014
Current asset 1,486,832,813,191 2,371,557,593,405 3,158,466,218,156 3,661,704,025,836
current liabilities 1,062,107,100,098 1,507,602,432,798 1,935,726,768,112 1,530,034,755,029
working capital net 424,725,713,093 863,955,160,607 1,222,739,450,044 2,131,669,270,807
total aset 2,041,958,524,823 2,832,000,551,101 3,854,166,345,345 4,309,824,234,265 working capital net /
total aset 0.2080 0.3051 0.3173 0.4946
rentained earning 432,739,539,471 839,561,447,768 1,429,978,377,909 2,273,901,686,806
total aset 2,041,958,524,093 2,832,000,551,101 3,854,166,345,345 4,309,824,234,265 rentained earning /
total aset 0.2119 0.2965 0.3710 0.5276
EBIT 301,579,747,646 457,605,362,145 665,682,618,221 942,294,098,501
total aset 2,041,958,524,932 2,832,000,661,101 3,854,166,345,345 4,309,824,234,265
Ebit / Total aset 0.1477 0.1616 0.1727 0.2186
Book value of equity 821,447,240,550 1,228,469,148,847 1,819,086,078,988 2,671,477,587,885
Book Value of debt 1,220,511,284,273 1,603,531,402,254 2,035,080,266,357 1,638,346,646,380 Book value of equity /
Book value of debt 0.6730 0.7661 0.8939 1.6306
Tahun Nilai Z"-score status
2011 3.69 Tidak Bangkrut
2012 4.76 Tidak Bangkrut
2013 5.29 Tidak Bangkrut
2014 7.99 Tidak Bangkrut
108
LAMPIRAN 13
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN MODERLAND REALTY LTD Tbk
Keterangan 2011 2012 2013 2014
Current asset 826,387,818,060 1,940,276,898,305 2,036,868,531,503 2,061,415,313,134
current liabilities 994,330,065,215 1,525,673,373,156 2,441,922,958,749 1,707,369,122,496
working capital net -167,942,247,155 414,603,525,149 -405,054,427,246 354,046,190,638
total aset 2,506,029,716,477 4,591,920,046,013 9,647,813,079,565 10,446,907,695,182 working capital net / total
aset -0.0670 0.0903 -0.0420 0.0339
rentained earning 360,738 95,628 2,356,133,093,723 3,004,736,206,063
total aset 2,506,030 4,591,920 9,647,813,079,565 10,446,907,695,182 rentained earning / total
aset 0.1439 0.0208 0.2442 0.2876
EBIT 98,215,038,211 311,607,099,170 2,548,597,657,571 847,159,048,541
total aset 2,506,029,716,477 4,591,920,046,013 9,647,813,079,565 10,446,907,695,182
Ebit / Total aset 0.0392 0.0679 0.2642 0.0811
Book value of equity 1,168,362,057,752 2,226,013,893,089 4,675,700,492,371 5,331,105,681,545
Book Value of debt 1,337,667,658,725 2,365,906,152,924 4,972,112,587,194 5,115,802,013,637 Book value of equity /
Book value of debt 0.8734 0.9409 0.9404 1.0421
Tahun Nilai Z"-score status
2011 1.23 Kelabu
2012 2.08 Kelabu
2013 3.30 Tidak Bangkrut
2014 2.79 Tidak Bangkrut
109
LAMPIRAN 14
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN METROPOLITAN LAND Tbk
Keterangan 2011 2012 2013 2014
Current asset 1,168,209,185 1,182,016,779 1,467,653,261 1,874,678,745
current liabilities 244,045,038 288,403,262 646,965,734 752,075,584
working capital net 924,164,147 893,613,517 820,687,527 1,122,603,161
total aset 1,729,840,276 2,015,753,149 2,834,484,171 3,250,717,743 working capital net / total
aset 0.5342 0.4433 0.2895 0.3453
rentained earning 37,246,284 516,635,708 717,113,124 933,795,288
total aset 1,729,840,276 2,015,753,149 2,834,484,171 3,250,717,743 rentained earning / total
aset 0.0215 0.2563 0.2530 0.2873
EBIT 108,194,112 242,356,355 291,879,924 378,529,803
total aset 1,729,840,276 2,015,753,149 2,834,484,171 3,250,717,743
Ebit / Total aset 0.0625 0.1202 0.1030 0.1164
Book value of equity 1,352,415,432 616,707,831 1,764,755,309 2,037,136,276
Book Value of debt 377,424,844 1,399,045,318 1,069,728,862 1,213,581,467 Book value of equity /
Book value of debt 3.5833 0.4408 1.6497 1.6786
Tahun Nilai Z"-score Status
2011 7.59 Tidak Bangkrut
2012 4.88 Tidak Bangkrut
2013 5.06 Tidak Bangkrut
2014 5.64 Tidak Bangkrut
110
LAMPIRAN 15
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN METRO REALTY Tbk
Keterangan 2011 2012 2013 2014
Current asset 44,243,743,095 48,196,341,638 82,345,763,196 72,933,544,204
current liabilities 14,216,740,857 11,721,015,241 7,920,693,475 3,841,637,531
working capital net 30,027,002,238 36,475,326,397 74,425,069,721 69,091,906,673
total aset 106,382,062,707 108,481,953,241 98,129,812,821 92,362,274,743 working capital net / total
aset 0.2823 0.3362 0.7584 0.7481
rentained earning 23,085,737,281 27,248,444,237 21,472,606,335 20,377,586,146
total aset 106,382,062,707 108,481,953,974 98,129,812,821 92,326,274,743
rentained earning / total aset 0.2170 0.2512 0.2188 0.2207 EBIT 6,405,588,740 5,704,823,536 576,534,902 25,486,620
total aset 106,382,062,707 108,481,955,974 98,129,812,821 98,362,274,743
Ebit / Total aset 0.0602 0.0526 0.0059 0.0003
Book value of equity 84,177,724,145 88,350,585,190 82,572,014,006 81,512,515,457
Book Value of debt 22,204,338,562 20,131,368,051 15,557,798,815 10,849,759,286 Book value of equity / Book
value of debt 3.7910 4.3887 5.3074 7.5128
Tahun Nilai Z"-score status
2011 6.86 Tidak Bangkrut
2012 7.88 Tidak Bangkrut
2013 11.07 Tidak Bangkrut
2014 13.29 Tidak Bangkrut
111
LAMPIRAN 16
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN PAKUWON JATI Tbk
Keterangan 2011 2012 2013 2014
Current asset 1,728,138,046 2,709,269,601 3,710,316,021 5,506,991,226
current liabilities 1,250,077,154 2,018,287,628 2,849,867,234 3,913,147,398 working capital
net 478,060,892 690,981,973 860,448,787 1,593,843,828
total aset 5,744,711,035 7,565,819,916 9,198,245,208 16,770,742,538 working capital
net / total aset 0.0832 0.0913 0.0935 0.0950
rentained earning 667,747,635 1,344,904,961 2,308,166,458 4,605,953,650
total aset 5,774,711,035 7,565,819,916 9,298,245,408 16,770,742,538 rentained
earning / total
aset 0.1156 0.1778 0.2482 0.2746
EBIT 469,870,548 901,104,834 1,331,191,716 2,859,305,685
total aset 5,744,711,035 7,565,819,916 9,298,245,408 16,770,742,538
Ebit / Total aset 0.0818 0.1191 0.1432 0.1705
Book value of
equity 2,373,135,467 5,334,535,549 4,002,508,682 8,283,070,781 Book Value of
112
LAMPIRAN 17
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”
-SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN RODA VIVATEX Tbk
Keterangan 2011 2012 2013 2014
Current asset 87,346,180,425 121,074,833,738 80,957,578,052 183,881,566,821
current liabilities 203,332,477,826 198,173,643,646 336,618,162,391 203,600,613,024
working capital net -115,986,297,401 -77,098,809,908 -255,660,584,339 -19,719,046,203
total aset 1,082,292,152,075 1,207,905,280,350 1,549,674,344,094 1,643,441,092,309 working capital net /
total aset -0.1072 -0.0638 -0.1650 -0.0120
rentained earning 680,953,911,133 805,721,889,497 1,003,901,731,359 1,208,370,098,165
total aset 1,082,292,152,075 1,207,905,280,350 1,549,674,344,094 1,643,441,092,309 rentained earning /
total aset 0.6292 0.6670 0.6478 0.7353
EBIT 133,487,034,959 148,149,282,251 231,714,185,291 262,811,086,101
total aset 1,082,292,152,075 1,207,905,280,350 1,549,674,344,094 1,643,441,092,309
Ebit / Total aset 0.1233 0.1226 0.1495 0.1599
Book value of equity 828,375,992,995 953,180,848,359 1,147,258,359,169 1,351,774,500,027
Book Value of debt 253,916,159,080 254,724,431,991 402,415,984,925 291,666,592,282 Book value of equity /
Book value of debt 3.2624 3.7420 2.8509 4.6347
Tahun Nilai Z"-score status
2011 5.64 Tidak Bangkrut
2012 6.53 Tidak Bangkrut
2013 5.08 Tidak Bangkrut
2014 8.26 Tidak Bangkrut
113
LAMPIRAN 18
PERHITUNGAN PREDIKSI KEBANGKRUTAN MODEL ALMAN Z”
-SCORE
PADA PERUSAHAAN PROPERTY DAN REAL ESTATE DI BEI
114
LANJUTAN LAMPIRAN 18
PERHITUNGAN PREDIKSI KEBANGKRUTAN MODEL ALMAN Z”
-SCORE
PADA PERUSAHAAN PROPERTY DAN REAL ESTATE DI BEI
115
LAMPIRAN 19
PERHITUNGAN CURRENT RATIO PADA PERUSAHAAN PRPERTY DAN
REAL ESTATE YANG TERDAFTRA DI BEI periode 2011-2014
Tahun Perusahaan Aktiva Lancar Utang Lancar CR
LPCK
1.486.832.813.191
1.062.106.100.098
1.3999
MDLN
826.387.818.060
884.330.065.215
0.8311
LPCK
2.371.557.593.405
1.507.602.432.782
1.5731
MDLN
1.940.276.898.305
1.525.673.373.150
1.2718
MTLA
1.182.016.779
288.403.262
4.0985
MTSM
48.196.341.638
11.721.015.241
4.1120
PWON
2.709.269.601
2.018.287.628
1.3424
RDTX
121.074.833.738
198.173.643.646
0.6110
2013 COWL
213.170.942.997
320.518.403.573
0.6651
CTRA
9.671.220
7.129.204
1.3566
CTRP
1.814.937.329.192
1.336.511.632.835
1.3580
CTRS
3.276.920.505.056
2.826.339.771.203
1.1594
116
LANJUTAN LAMPIRAN 19
117
LAMPIRAN 20
PERHITUNGAN DEBT RATIO PERUSAHAAN PROPERTY DAN REAL
ESTATE YANG TERDAFTAR DI BEI pada periode 2011-2014
Tahun Perusahaan Total Utang Total Aktiva DR
LPCK
1.220.511.284.273
2.041.958.524.823
0.5877
MDLN
1.337.667.658.728
2.506.029.716.477
0.5338
LPCK
1.603.531.402.254
2.832.000.551.101
0.5662
MDLN
2.365.906.152.924
4.591.920.046.013
0.5152
MTLA
1.399.045.318
2.015.753.149
0.6941
MTSM
20.131.368.051
108.481.953.974
0.1856
PWON
4.431.284.362
7.565.819.916
0.5649
RDTX
254.727.431.991
1.207.905.280.350
0.2109
2013 COWL 762.326.960.130
1.944.913.754.306
0.3920
CTRA
10.349.358
20.114.871
0.5154
CTRP
3.081.045.626.268
7.653.881.472.162
0.4025
CTRS
3.274.505.037.052
5.770.169.834.673
0.5672
118
LANJUTAN LAMPIRAN 20
PERHITUNGAN DEBT RATIO PERUSAHAAN PROPERTY DAN REAL
ESTATE YANG TERDAFTAR DI BEI pada periode 2011-2014
Tahun Perusahaan Total Utang Total Aktiva DR
2014 COWL
2.344.406.888.083
3.682.392.492.170
0.6367
119
LAMPIRAN 21
HASIL ANALISIS DESKRIPTIF
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation
Current Ratio 64 .4296 18.9850 2.095458 2.6047572
Debt Ratio 64 .1175 .7402 .440337 .1406980
Z-Score 64 .75 13.52 4.2923 2.63265
Tahun 64 1 4 2.50 1.127
Valid N (listwise) 64
120
LAMPIRAN 22
HASIL UJI ASUMSI KLASIK DAN PENGUJIAN HIPOTESIS
HASIL UJI NORMALITAS
One-Sample Kolmogorov-Smirnov Test
Unstandardiz
ed Residual
N 64
Normal Parametersa,b Mean ,0000000
Std. Deviation 1,66422911
Most Extreme
Differences
Absolute ,139
Positive ,139
Negative -,080
Kolmogorov-Smirnov Z 1,108
Asymp. Sig. (2-tailed) ,171
a. Test distribution is Normal.
b. Calculated from data.
