TUGAS KELOMPOK

Mata Kuliah Analisis Laporan Keuangan

Chapter 9
Analisis Prospektif
Dosen:
Bapak Amrul Yusroni

Disusun Oleh:

Muhammad Ferdy Oktavianto 24/ 1302170041

Nur Rofi Zainatussyafi 29/ 1302170589

Rizaldi Choir Pratama Kacaribu 33/ 1302170011

Sayyidah Jamilah 35/ 1302170473

Kelas 5-10

PROGRAM STUDI D III AKUNTANSI REGULER

POLITEKNIK KEUANGAN NEGARA STAN

TANGERANG SELATAN

TAHUN AJARAN 2019/ 2020

P9-1

Income Statement Year 3 Year 2

Net sales Rp 20.297 Rp 20.092

COGS Rp 6.105 Rp 6.044
Gross profit Rp 14.192 Rp 14.048
Selling general & administrartive expense -Rp 7.973 -Rp 7.893
Depreciation & amortization expense -Rp 863 -Rp 803
Interest expense Rp 66 Rp 308
Income before tax Rp 5.423 Rp 5.660
Income tax expense -Rp 1.620 -Rp 1.691
Net Income Rp 3.803 Rp 3.969
Outstanding Shares 3491 3491

Balance Sheet
Cash Rp 587 Rp 1.934
Receivables Rp 1.901 Rp 1.882
Inventories Rp 1.066 Rp 1.055
Other Rp 2.300 Rp 2.300
PPE Rp 8.305 Rp 7.105
Accumulated Depreciation -Rp 3.515 -Rp 2.652
Other asset Rp 10.793 Rp 10.793
Total assets Rp 21.437 Rp 22.417

Accounts payable & accrued liabilities Rp 3.716 Rp 3.679

Short-term debt Rp 3.899 Rp 3.899
Income taxes Rp 815 Rp 851
Deferred income, taxes, & other Rp 1.403 Rp 1.403
Long term debt Rp 1.219 Rp 1.219
Total liabilities Rp 11.052 Rp 11.051

Common stock Rp 873 Rp 873

capital surplus Rp 3.520 Rp 3.520
Retained Earnings Rp 19.674 Rp 20.655
Treasury stock -Rp 13.682 -Rp 13.682
Total equity Rp 10.385 Rp 11.366

Total liabilities & equity Rp 21.437 Rp 22.417

 Statement of cash flow

Net income Rp 3.802

Depreciation Rp 863
Accounts receivable -Rp 19
invenntories -Rp 11
accounts payable Rp 38
income taxes -Rp 36
Net cash flow from operations Rp 4.637

CAPEX -Rp 1.200

Net cash flow from investing activities -Rp 1.200

Long term debt Rp -

additional PIC Rp -
Dividends -Rp 4.783
Net cash flow from financing activities -Rp 4.783

Net change in cash -Rp 1.347

Beginning cash Rp 1.934
Ending cash Rp 587

Berdasarkan estimasi tahun ketiga dari neraca Coca-Cola, didapat bahwa perusahaan membutuhkan
setidaknya 1,5 milliar pendanaan external pada tahun ketiga.
P9-3

Income Statement Year 3 Year 2

Net sales Rp 56.434 Rp 47.716

COGS Rp 34.272 Rp 28.977
Gross profit Rp 22.162 Rp 18.739
Selling general & administrartive expense -Rp 7.726 Rp 6.531
Depreciation & amortization expense -Rp 1.661 Rp 1.464
Interest expense -Rp 237 Rp 342
Income before tax Rp 12.538 Rp 10.403
Income tax expense -Rp 3.761 Rp 3.121
Net Income Rp 8.777 Rp 7.282
Outstanding Shares 3491 2976

Balance Sheet
Cash Rp 5.254 Rp 3.287
Receivables Rp 6.168 Rp 5.215
Inventories Rp 4.234 Rp 3.579
Other Rp 880 Rp 880
PPE Rp 24.056 Rp 18.956
Accumulated Depreciation -Rp 7.514 -Rp 5.853
Other asset Rp 17.942 Rp 17.942
Total assets Rp 51.020 Rp 44.006

Accounts payable & accrued liabilities Rp 6.982 Rp 5.904

Short-term debt Rp 4.067 Rp 4.067
Income taxes Rp 1.897 Rp 1.573
Deferred income, taxes, & other Rp 11.614 Rp 11.614
Long term debt Rp 4.787 Rp 4.799
Total liabilities Rp 29.347 Rp 27.957

Common stock Rp 30 Rp 30
capital surplus Rp 6.907 Rp 6.907
Retained Earnings Rp 37.123 Rp 31.500
Treasury stock -Rp 22.387 -Rp 22.387
Total equity Rp 21.673 Rp 16.050

Total liabilities & equity Rp 51.020 Rp 44.007

 Statement of cash flow

Net income Rp 8.777

Depreciation Rp 1.661
Accounts receivable -Rp 953
invenntories -Rp 654
accounts payable Rp 1.079
income taxes Rp 323
Net cash flow from operations Rp 10.233

CAPEX -Rp 5.100

Net cash flow from investing activities -Rp 5.100

Long term debt -Rp 12

additional PIC Rp -
Dividends -Rp 3.156
Net cash flow from financing activities -Rp 3.156

Net change in cash Rp 1.967

Beginning cash Rp 3.287
Ending cash Rp 5.254

Berdasarkan estimasi tahun ketiga, Merck akan memiliki excess cash setidaknya 2 Milliar di tahun ketiga.
Excess cash ini harus digunakan untuk mengurangi kewajiban dan ekuitas untuk menjaga historical
financial leverage.