LAMPIRAN 1
Pengelompokan Sampel Kondisi FD dan NFD Berdasarkan Perhitungan
Z-Score Altman
(Dalam Jutaan Rupiah)
NO PERUSAHAAN TAHUN WC / TA RE / TA EBIT / TA
MVE / BVD
S/TA Z-Score
1 ADES 2012 0.23867 0.19255 0.196947 1.16197 1.224994 3.12807
ADES 2013 0.199574 0.358896 0.134207 0.134207 1.139345 2.40469
2 AISA 2012 0.23471 0.215409 0.232221 1.108679 1.966487 3.98125
AISA 2013 0.208786 0.117104 0.089544 0.884658 0.807983 2.04876
3 ALTO 2012 0.170461 0.000561 0.045638 0.610801 0.558794 1.28121
ALTO 2013 0.320177 0.000333 0.015899 0.35203 0.324255 0.87261
4 CEKA 2012 0.014394 0.005138 0.081459 0.821215 1.09324 1.87925
CEKA 2013 0.306728 0.005404 0.080919 0.493887 2.367069 3.30607
5 DAVO 2012 0.140691 0.010235 1.190266 0.783059 0.482366 2.60661
DAVO 2013 0.174025 1.8106 0.527114 0.286319 0.235288 3.03334
6 DLTA 2012 0.686179 0.006709 0.385754 0.802638 2.307526 4.89490
DLTA 2013 0.679461 0.00692 0.413355 0.780307 2.308263 4.96556
7 DVLA 2012 0.590518 0.010235 0.190266 0.783059 0.837107 2.65777
DVLA 2013 0.586957 0.018487 0.147688 0.768623 0.925743 2.60451
8 GGRM 2012 0.87093 0.004818 0.133239 0.640957 1.181149 3.05727
GGRM 2013 1.073658 0.003939 0.116923 0.5794 1.091918 3.11930
9 HMSP 2012 0.351665 0.003429 0.509886 0.507035 2.538377 4.95202
HMSP 2013 0.332938 0.003284 0.529463 0.516521 2.737687 5.19895
10 ICBF 2012 0.355364 0.000563 0,170512 0.603249 1.778513 2,56710
ICBF 2013 0.311515 0.000705 0.139508 0.623757 1.838238 2,38939
11 INAF 2012 0.343059 0 0.046442 1 0.9726 2.13753
INAF 2013 0.137456 0.000982 -0.04869 0.839632 1.033208 1.54256
12 INDF 2012 0.89546 0.001349 0,123217 0.575527 1.315811 3.14418
NO PERUSAHAAN TAHUN WC /
KDSI 2013 0.177517 0.024699 0.055486 0.414014 1.63051 2.30961
15 KICI 2012 0.517614 -0.06047 0.032426 2.343721 0.998231 3.04794
KICI 2013 0.562419 0.017051 0.101195 3.041901 1.007467 3.86532
16 KLBF 2012 0.483129 0.00819 0.245066 0.782722 1.447915 3.31748
KLBF 2013 0.429227 0.008349 0.227354 0.751207 1.414233 3.14198
17 LMPI 2012 0.102438 0.618606 0.006233 0.49944 0.616065 1.92527
LMPI 2013 0.088656 0.613312 -0.01705 0.483368 1 2.19877
18 MBTO 2012 0.611474 0.001641 0.097711 2.484191 1.177679 3.72670
MBTO 2013 0.55589 0.002452 0.037606 2.812809 1.048245 3.53053
19 MERK 2012 0.604209 0.661679 0.256247 0.731857 1.632993 4.56912
MERK 2013 0.631927 0.677609 0.336766 0.734947 1.713119 4.97238
20 MLBI 2012 -0.29009 7.8106 0.527114 0.286319 1.438294 3.00145
MLBI 2013 -0.00914 5.6106 0.884856 0.554125 1.998705 5.24024
21 MRAT 2012 0.645998 0.023433 0.093424 5.545455 1.005983 5.44955
MRAT 2013 0.595687 0.031275 0.022788 6.113914 0.814697 5.31685
22 MYOR 2012 0.90821 0.003734 0.215605 0.669509 1.265958 3.06301
MYOR 2013 1.386518 0.003398 0.139654 0.501001 1.107648 3.13821
23 PSDN 2012 0.210339 0.019669 0.074411 0.755546 1.911947 2.89077
PSDN 2013 0.225369 0.031266 0.063413 1.580426 1.87664 3.34837
24 PYFA 2012 0.29568 0.007361 0.058682 0.645608 1.300932 2.24707
PYFA 2013 0.149543 0.00571 0.048538 0.536214 1 1.66935
25 RMBA 2012 0.252292 0.000577 -0.06176 0.2774 1.42021 1.68638
RMBA 2013 0.090899 0.000433 -0.14243 0.09522 1,329462 1.02642
26 ROTI 2012 0.020219 0.325633 0.16581 1.238271 1.988282 2.99371
ROTI 2013 0.023967 0.281507 0.115655 1.462536 0.825988 2.50804
27 SCPI 2012 0.377384 0.111631 1.59505 0.043038 0.686024 1.32104
SCPI 2013 0.431914 0.071573 -0.02333 0.014118 0.545401 1.09539
28 SIDO 2012 - - - -
SIDO 2013 0.691905 0.146395 0.19741 8.052286 0.803781 7.32184
29 SKBM 2012 0.113538 0.065708 0.057312 7.84269 2.608342 7.73132
SKBM 2013 0.135293 0.156155 0.157349 0.678037 2.605471 3.91251
30 SKLT 2012 0.147517 0.055315 0.046703 0.518456 1.608528 2.32818
Sumber : Hasil Pengolahan Data NO PERUSAHAAN TAHUN WC /
TA
RE / TA EBIT / TA
MVE / BVD
S/TA Z-Score
31 STTP 2012 -.00117 0.346572 0.074502 0.865018 1.02712 2.27579
STTP 2013 -.0.01983 0.294654 0.097138 0.894576 1.152971 2.39899
32 SQBB 2012 0.614598 0.002593 0.455496 0.819264 0.975805 3.71163
SQBB 2013 0.623975 0.002972 0.473618 0.823984 1.012461 3.82272
33 TCID 2012 0.5304 0.015938 0.161119 0.869408 1.467337 3.17946
TCID 2013 0.356891 0.013716 0.148912 0.806978 1,383332 2,80639
34 TSPC 2012 0.50694 0.005342 0.175347 0.723757 0.431218 3.05992
TSPC 2013 0.488844 0.004993 0.153466 0.714309 1.267556 2.79618
35 ULTJ 2012 0.249341 0.01611 0.189182 0.692549 1.160715 2.52230
ULTJ 2013 0.5304 0.015938 0.161119 0.869408 1.467337 3.17946
36 UNVR 2012 -0.12229 0.001273 0.539572 0.331112 2.278122 4.11240
UNVR 2013 -0.19152 0.001143 0.536313 0.318745 2.30424 4.03709
37 WIIM 2012 0.447755 0.117762 0.087452 2.191233 0.926951 3.23245
LAMPIRAN 2
Daftar Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia
NO
KRITERIA 1
KRITERIA 2
(FD)
KRITERIA 1
KRITERIA
3 (NFD)
2011 2012 2013
2012
2013
2011 2012 2013
A
MAKANAN DAN MINUMAN
1
PT. Akasha Wira
5
PT.Multi Bintang
Indonesia,Tbk
7
PT.Nippon Indosari
Corporindo,Tbk
NO
KRITERIA 1
KRITERIA
2 (FD)
KRITERIA 1
KRITERIA
3 (NFD)
2011 2012 2013 2012 2013
2011 2012 2013
8
PT.Ultrajaya Milk
Industry and
2
PT.Indofarma
(Persero),Tbk
√
√
√
√
√
2
PT.Kimia Farma
(Persero),Tbk
√
√
√
√
Sampel
5
3
PT.Industri Jamu
NO
KRITERIA 1
KRITERIA
2 (FD)
KRITERIA 1
D
KOSMETIK DAN KEPERLUAN RUMAH TANGGA
1
PT.Kedawung Setia
Industrial,Tbk
Sumber : Bursa Efek Indonesia (Data Diolah)
Keterangan :
*Kriteria 1 : Perusahaan yang terdaftar di Bursa Efek Indonesia pada tahun 2011-2013 secara berturut-turut.
*Kriteria 2 : Perusahaan yang memiliki Z-score < 2,99 pada tahun 2012-2013 secara berturut-turut,
*Kriteria 3 : Perusahaan yang memiliki Z-score > 2,99 pada tahun 2012-2013 secara berturut-turut, perusahaan sejenis dan asset yang mendekati dengan perusahaan yang
LAMPIRAN 3
Total Asset Sampel Kondisi FD dan NFD
(Dalam Jutaan Rupiah)
NO
FD
TOTAL ASSET
NO
NFD
TOTAL
ASSET
1
PYFA
118.033
1
SQBB
361.756
2
SCPI
441.000
2
MERK
584.388
3
LMPI
685.895
3
KICI
874.191
4
DVLA
922.945
4
KLBF
8.274.554
5
STTP
934.765
5
MYOR
6.599.845
6
INAF
1.114.901
6
KAEF
1.794.399
7
RMBA
6.333.957
7
HMSP
19.329.758
8
ICBP
15.222.857
8
INDF
53.585.933
LAMPIRAN 4
Rasio-Rasio Keuangan Perusahaan Kondisi Financial Distress dan
Nonfinancial Distress
Sumber : Hasil Pengolahan Data
No
Kode
Perusahaan
Y
WC/TA
RE/TA
EBIT/TA MVE/BVD
S/TA
1
DVLA
0
-0.14022
0.00975
0.18021
0.064976
0.074741
2
HMSP
1
0.335392
0.38465
0.56447
0.532995
2.734473
3
ICBP
0
0.367327
0.29328
0.18031
0.413532
1.272242
4
INDF
1
0.89546
0.27134
0.12321
0.575527
1.315811
5
INAF
0
0.221683
0.25208
0.04951
0.937073
0.583103
6
KAEF
1
0.44769
0.37478
0.12929
0.698096
1.900018
7
KICI
1
0.553244
0.64377
0.01488
0.41091
1.001121
8
KLBF
1
0.527314
0.41075
0.24016
0.78746
1.318725
9
LMPI
0
0.152153
0.73518
0.01129
0.153559
0.732162
10
MERK
1
0.729472
0.77725
0.48465
0.624563
1.571784
11
MYOR
1
0.340842
0.25439
0.09491
0.367383
1.432438
12
PYFA
0
0.317896
0.39340
0.06002
0.10069
1.280097
13
RMBA
0
0.07232
0.08237
0.07660
0.154799
1.589871
14
SCPI
0
0.431914
0.57157
-0.02333
0.014118
0.545401
15
STTP
0
-0.0168
0.18353
0.064596
0.102013
1.099403
LAMPIRAN 5
Statistik Deskriptif Variabel Penelitian
LAMPIRAN 6
Uji Normalitas
WC/TA RE/TA EBIT/TA MVE/BVD S/TA
N 16 16 16 16 16
Mean 0.0000000 0.0000000 0.0000000 0.0000000 0.0000000 Normal
Parametersab Std.Deviation .35613572 .48983714 43587624 40556518 .43747717 Absolute .091 .179 .184 .174 .161 Most
Extreme Differences
Positive .091 .177 .184 .086 .161
Negative -.091 -.179 -.150 -.174 -.155
Kolmogorov-Smirnov Z
.365 .716 .735 .696 .644
Asymp.Sig (2-Tailed)
.999 .685 .652 .718 .801
a. Test distribution is Normal.
b. Calculated from data.
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation
WC/TA 16 -.14 .90 .3669 .27366
RE/TA 16 .01 .78 .3813 .22021
EBIT/TA 16 -.02 .56 .1675 .17816
MVE/TA 16 .01 .94 .4225 .30449
S/TA 16 .07 2.73 1.2088 .61231
LAMPIRAN 7
Independent Sample T Test
Group Statistics
Financi
al
Distress N Mean Std. Deviation Std. Error Mean
WC/TA 0 8 .18 .198 .070
1 8 .56 .192 .068
RE/TA 0 8 .31 .246 .087
1 8 .45 .182 .064
EBIT/TA 0 8 .07 .072 .025
1 8 .26 .208 .074
MVE/TA 0 8 .24 .307 .109
1 8 .61 .168 .059
S/TA 0 8 .89 .496 .175
Independent Samples Test
Levene's Test for Equality of
Variances t-test for Equality of Means
95% Confidence Interval of the Difference
F Sig. t Df Sig. (2-tailed) Mean Difference
Std. Error
Difference Lower Upper
WC/TA Equal variances assumed .070 .796 -3.929 14 .002 -.384 .098 -.593 -.174
Equal variances not assumed
-3.929 13.988 .002 -.384 .098 -.593 -.174
RE/TA Equal variances assumed .641 .437 -1.249 14 .232 -.135 .108 -.367 .097
Equal variances not assumed
-1.249 12.904 .234 -.135 .108 -.369 .099
EBIT/TA Equal variances assumed 13.392 .003 -2.377 14 .032 -.185 .078 -.352 -.018
Equal variances not assumed
-2.377 8.659 .042 -.185 .078 -.362 -.008
MVE/TA Equal variances assumed 1.194 .293 -2.949 14 .011 -.365 .124 -.630 -.100
Equal variances not assumed
-2.949 10.858 .013 -.365 .124 -.638 -.092
S/TA Equal variances assumed .001 .980 -2.347 14 .034 -.630 .268 -1.206 -.054
Equal variances not assumed
LAMPIRAN 8
Uji Homogenitas
Test Results
Box's M 14.607
F Approx. .996
df1 10
df2 937.052
Sig. .445
Tests null hypothesis of equal
LAMPIRAN 9
Hasil Analisis Diskriminan
Analysis Case Processing Summary
Unweighted Cases N Percent
Valid 16 100.0
Excluded Missing or out-of-range group
codes
0 .0
At least one missing
discriminating variable
0 .0
Both missing or out-of-range
group codes and at least one
missing discriminating
variable
0 .0
Total 0 .0
Total 16 100.0
Group Statistics
Financial Distress Mean Std. Deviation
Valid N (listwise)
Unweighted Weighted
.00 WC/TA .1750 .19821 8 8.000
EBIT/TA .0750 .07211 8 8.000
MVE/TA .2400 .30697 8 8.000
S/TA .8937 .49601 8 8.000
1.00 WC/TA .5588 .19246 8 8.000
EBIT/TA .2600 .20798 8 8.000
MVE/TA .6050 .16827 8 8.000
S/TA 1.5238 .57495 8 8.000
Total WC/TA .3669 .27366 16 16.000
EBIT/TA .1675 .17816 16 16.000
MVE/TA .4225 .30449 16 16.000
Pooled Within-Groups Matricesa
WC/TA EBIT/TA MVE/TA S/TA
Covariance WC/TA .038 -.003 .010 -.014
EBIT/TA -.003 .024 .008 .028
MVE/TA .010 .008 .061 -.011
S/TA -.014 .028 -.011 .288
Correlation WC/TA 1.000 -.104 .216 -.136
EBIT/TA -.104 1.000 .212 .335
MVE/TA .216 .212 1.000 -.085
S/TA -.136 .335 -.085 1.000
a. The covariance matrix has 14 degrees of freedom.
Tests of Equality of Group Means
Wilks' Lambda F df1 df2 Sig.
WC/TA .476 15.435 1 14 .002
EBIT/TA .712 5.650 1 14 .032
MVE/TA .617 8.697 1 14 .011
Covariance Matricesa
Financial Distress WC/TA EBIT/TA MVE/TA S/TA
.00 WC/TA .039 -.005 .012 .026
EBIT/TA -.005 .005 .002 .000
MVE/TA .012 .002 .094 -.008
S/TA .026 .000 -.008 .246
1.00 WC/TA .037 -.001 .009 -.054
EBIT/TA -.001 .043 .015 .056
MVE/TA .009 .015 .028 -.014
S/TA -.054 .056 -.014 .331
Total WC/TA .075 .016 .047 .051
EBIT/TA .016 .032 .026 .057
MVE/TA .047 .026 .093 .051
S/TA .051 .057 .051 .375
a. The total covariance matrix has 15 degrees of freedom.
Log Determinants
Financial Distress Rank Log Determinant
.00 4 -12.563
1.00 4 -12.111
Pooled within-groups 4 -11.294
The ranks and natural logarithms of determinants
Eigenvalues
Function Eigenvalue % of Variance Cumulative % Canonical Correlation
1 2.226a 100.0 100.0 .831
a. First 1 canonical discriminant functions were used in the analysis.
Wilks' Lambda
Test of
Function(s) Wilks' Lambda Chi-square df Sig.
1 .310 14.055 4 .007
Standardized Canonical
Discriminant Function
Coefficients
Function
1
WC/TA .717
EBIT/TA .272
MVE/TA .355
S/TA .457
Structure Matrix
Function
1
WC/TA .704
MVE/TA .528
Structure Matrix
Function
1
WC/TA .704
MVE/TA .528
EBIT/TA .426
S/TA .420
Pooled within-groups
correlations between
discriminating variables
and standardized
canonical discriminant
functions
Variables ordered by
absolute size of correlation
within function.
Canonical Discriminant
Function Coefficients
Function
1
WC/TA 3.673
EBIT/TA 1.747
MVE/TA 1.432
S/TA .851
(Constant) -3.273
Functions at Group
Centroids
Financi
al
Distress
Function
1
.00 -1.396
1.00 1.396
Unstandardized
canonical discriminant
functions evaluated at
group means
Classification Processing Summary
Processed 16
Excluded Missing or out-of-range group
codes
0
At least one missing
discriminating variable
0
Used in Output 16
Prior Probabilities for Groups
Financi
al
Distress Prior
Cases Used in Analysis
Unweighted Weighted
.00 .500 8 8.000
1.00 .500 8 8.000
Classification Function Coefficients
Financial Distress
.00 1.00
WC/TA 4.691 14.943
EBIT/TA -1.911 2.966
MVE/TA 4.051 8.049
S/TA 3.676 6.050
(Constant) -3.161 -12.298
Fisher's linear discriminant functions
Classification Resultsb,c
Financi
al
Distress
Predicted Group Membership
Total
.00 1.00
Original Count .00 7 1 8
1.00 1 7 8
% .00 87.5 12.5 100.0
1.00 12.5 87.5 100.0
Cross-validateda Count .00 6 2 8
1.00 2 6 8
% .00 75.0 25.0 100.0
1.00 25.0 75.0 100.0
a. Cross validation is done only for those cases in the analysis. In cross validation,
each case is classified by the functions derived from all cases other than that case.
b. 87.5% of original grouped cases correctly classified.
Casewise Statistics
Case Number
Highest Group Second Highest Group
Discriminant Scores
P(D>d | G=g)
Actual Group Predicted Group p df P(G=g | D=d)
Squared Mahalanobis
Distance to
Centroid Group P(G=g | D=d)
Squared Mahalanobis
Distance to
Centroid Function 1
Original 1 0 0 .053 1 1.000 3.733 1 .000 22.310 -3.328
2 1 1 .523 1 .997 .409 0 .003 11.770 2.035
3 0 1** .184 1 .547 1.764 0 .453 2.141 .068
4 1 1 .429 1 .998 .626 0 .002 12.834 2.187
5 0 0 .391 1 .818 .735 1 .182 3.740 -.538
6 1 1 .865 1 .968 .029 0 .032 6.869 1.225
7 1 1 .233 1 .637 1.425 0 .363 2.552 .202
8 1 1 .954 1 .977 .003 0 .023 7.475 1.338
9 0 0 .636 1 .995 .224 1 .005 10.660 -1.869
10 1 1 .283 1 .999 1.154 0 .001 14.942 2.470
11 1 0** .202 1 .584 1.624 1 .416 2.301 -.121
12 0 0 .526 1 .893 .402 1 .107 4.653 -.761
13 0 0 .938 1 .975 .006 1 .025 7.363 -1.318
14 0 0 .882 1 .970 .022 1 .030 6.984 -1.247
15 0 0 .438 1 .998 .602 1 .002 12.726 -2.172
16 1 1 .664 1 .994 .188 0 .006 10.401 1.829
Cross-validateda 1 0 0 .000 4 1.000 25.662 1 .000 60.208
3 0 1** .737 4 .643 1.994 0 .357 3.174
4 1 1 .173 4 .998 6.377 0 .002 18.506
5 0 1** .000 4 1.000 22.644 0 .000 39.179
6 1 1 .330 4 .925 4.607 0 .075 9.627
7 1 0** .414 4 .636 3.940 1 .364 5.057
8 1 1 .892 4 .965 1.112 0 .035 7.769
9 0 0 .983 4 .993 .398 1 .007 10.197
10 1 1 .210 4 .999 5.860 0 .001 20.437
11 1 0** .688 4 .769 2.261 1 .231 4.666
12 0 0 .653 4 .825 2.452 1 .175 5.558
13 0 0 .584 4 .955 2.847 1 .045 8.938
14 0 0 .198 4 .915 6.021 1 .085 10.780
15 0 0 .803 4 .997 1.631 1 .003 13.343
16 1 1 .094 4 .989 7.925 0 .011 16.920
For the original data, squared Mahalanobis distance is based on canonical functions. For the cross-validated data, squared Mahalanobis distance is based on observations. **. Misclassified case
