DIKETAHUI:

11/1/2016

Kurs

11/1/2016
12/31/2016
1/31/2017

Tingkat bunga
Jawab:
1

2
MEMBELI
Hedging Forward Contract
Jangka (hari) 90
Jumlah gandum_ganta 300000
Harga kontrak $ 4.20
Penyelesaian kontrak netto

Kurs spot Kurs forward

$ 4.30 $ 4.20
$ 4.25 $ -
$ 4.50 $ 4.50

12%

11/1/2016 Inventory $ 1,260,000.00

Account Payable $ 1,260,000.00
4.3*300,000
No ENTRY

12/31/2016 Account Payable $ 15,000.00

Exchange Gain $ 15,000.00
(4.3-4.25)*300,000
Forward Contract $ 1,247,524.75
Exchange Gain $ 1,247,524.75
(4.2-0)*300,000:(1.01^1)

1/31/2017 Account Payable $ 1,245,000.00

Exchange Loss $ 75,000.00
(4.5-4.25)*300,000
Cash $ 1,320,000.00
Cash $ 102,475.25
Exchange Gain $ 1,350,000.00
(4.5-0)*300,000
Forward Contract $ 1,247,524.75

7/1/2017 Exchange Loss $ 150,000.00

Account Payable $ 150,000.00
(5-4.5)*300,000
Cash $ 1,500,000.00
Sales $ 1,500,000.00
5*300,000
COGS $ 1,290,000.00
Inventory $ 1,290,000.00
4.3*300,000
Diketahui:
Komitment Penjualan
Sales_ton 200000
Waktu_bulan 1/31/2017
Hedging Forward Contract
membeli 200000 Rp 11,050,000.00
Waktu_bulan 11/1/2016
Harga Forward $ 55.25
Tingkat bunga 12%

Harga jual
11/1/2016 55.25
12/31/2016 55.1
1/31/2017 55.5

Jurnal:
11/1/2016 No Entry

12/31/2016 Loss on Komitment Penjualan Rp 29,702.97

Komitment Penjualan
(55.25-55.1)*200,000
Exchange Loss Rp 29,702.97
Forward Contract

1/31/2017 Komitment Penjualan Rp 80,000.00

Gain on Komitment Penjualan

Forward Contract Rp 80,000.00

Exchange Gain

Cash Rp 11,050,000.00
Sales

Komitment Penjualan Rp 50,000.00

Sales

Cash Rp 50,297.03
Forward Contract
Rp 29,702.97

Rp 29,702.97

Rp 80,000.00

Rp 80,000.00

Rp 11,050,000.00

Rp 50,000.00

Rp 50,297.03
Diketahui:
Awal transaksi
Waktu
Kuantitas

Harga tembaga
10/1/2016
12/31/2016
1/31/2017

Penyelesaian
a
9/1/2016

12/31/2016

1/31/2017
MENJUAL Awal kontrak
9/1/2016 Jenis kontrak
200000 Kuantitas
$ 2.00
Metode penyelesaian
Waktu Penyelesaian
Tingkat bunga
78
$ 1.80
$ 2.80
$ 2.50

Account Receivable Rp 360,000.00

Sales Rp 360,000.00
1.8*200,000
COGS Rp 400,000.00
Inventory Rp 400,000.00
2*200,000

NO ENTRY

Account Receivable Rp 200,000.00

Exchange Gain Rp 200,000.00
(2.8 - 1.8)*200,000
Exchange Loss Rp 99,009.90
Forward Contract Rp 99,009.90
(2.8 - 2.3)*200,000 : (1.01^1)

Cash Rp 500,000.00
(2.5*200,000)
Exchange Loss Rp 60,000.00
(2.8 - 2.5)*200,000
Account Receivable Rp 560,000.00

Forward Contract Rp 99,009.90

Exchange Gain Rp 59,009.90
Cash Rp 40,000.00
(2.5-2.3)*200,000
Forward Contract
$ 2.30
200000
Netto
1/31/2017
12%
Diketahui: MENJUAL
10/1/2014 Menjual ₩ 25,000,000.00
Dibayar dalam-hari 120
1/30/2015
Hedging FUTURE CONTRACT
Pertukaran dalam-hari 180
Metode Fisik
% tahunan 12%
NILAI TUKAR 10/1/2014 12/31/2014 1/30/2015
Kurs spot 0.00096 0.00094 0.00092
FC_30 hari 0.00095 0.00093 0.00093
FC_90 hari 0.00094 0.00092 0.00091
FC_120 hari 0.00094 0.00091 0.0009

10/1/2014 Account Receivable $ 24,000.00

Sales $ 24,000.00
0.00096*25,000,000
Contract Receivable $ 23,500.00
Contract Payable $ $ 23,500.00
0.00094*25,000,000: 1.01^4

12/31/2014 Contract Payable $ 495.05

Exchange Gain $ 495.05
(0.00094-0.00092)825,000,000:(1.01^1)
Exchange Loss $ 500.00
Account Receivable
(0.00096-0.00094)*25,000,000 $ 500.00

1/30/2015 Contract Payable $ 23,004.95

Exchange Gain $ 4.95
Cash $ 23,000.00
(25,000,000*0.00092)
Cash $ 23,000.00
Exchange Loss $ 500.00
Account Receivable $ 23,500.00
(25,000,000*0.00092)
Cash $ 23,500.00
Contract Receivable $ 23,500.00
Diketahui:
10/2/2016 Hedging FORWARD CONTRACT
Transaksi Membeli
Kuantitas € 50,000.00
Waktu penyelesaian_ha 180
Kurs FC $ 0.6350

NILAI TUKAR 10/2/2016 12/31/2016 3/31/2017

Kurs spot $ 0.6250 $ 0.6390 $ 0.6560
FC_30 hari $ 0.6410 $ 0.6575
FC_90 hari $ 0.6420 $ 0.6615
FC_180 hari $ 0.6350 $ 0.6450 $ 0.6680

ENTRY JURNAL
10/2/2016 Penyelesaian Fisik
Contract Receivable $ $ 31,750.00
Contract Payable $ 31,750.00
50,000*0.6350
12/31/2016 Contract Receivable $ $ 350.00
Exchange Gain $ 350.00
(0.6420-0.6530)*50,000
3/31/2017 Cash $ 32,800.00
Exchange Gain $ 700.00
Contract Receivable $ $ 32,100.00
0.6560*50,000
Contract Payable $ 31,750.00
Cash $ 31,750.00
Diketahui:
Awal 2014

Harga Pasar Emas

Tingkat bunga
diskonto
Jurnal:
1-Jan-14

30 Juni 2014

akhir 2014
Kuantitas_gram 10,000
Biaya produkasi:
biaya tetap 1,500,000,000
biaya variabel/gram 250,000
Hedging_nilai wajar Future Contract
Harga FC/gram 600,000

Awal 2014 30 Juni 2014 Akhir 2014

600,000 580,000 615,000

12%

Penyelesaian netto
No entry

Future Contract (L) Rp 188,409,047

Other Comprehensive Income Rp 188,409,047
600,000-580,000*10,000:(1.01^6)

Cash Rp 6,150,000,000
Sales Rp 6,150,000,000

COGS Rp 4,000,000,000
Inventory Rp 4,000,000,000

Other Comprehensive Income Rp 188,409,047

Sales Rp 150,000,000
(615,000-600,000)*10,000
Future Contract (L) Rp 188,409,047
Cash Rp 150,000,000
Diketahui:
Inventory_kg emas 400,000
Biaya produksi 4,200,000,000
Hedging_1 Jan 2013 Future Contract
Harga Hedging 20,000
Penyelesaian 31 Des 2013

Fluktuasi harga perak

31-Mar-13 21,000
30-Jun-13 20,000
30-Sep-13 19,000
31 Des 2013 18,500
Bunga pasar 12%
Jurnal:
1-Jan-13 Penyelesaian netto
No entry

30-Jun-13 Other Comprehensive Income Rp 365,735,930

Future Contract (L)
(21,000-20,000)*400,000:(1.01^9)

30-Jun-13 No entry

30-Sep-13 Future Contract (A) Rp 376,818,094

(21,000-20,000)*400,000:(1.01^6)
Future Contract (L) Rp 365,735,930
Other Comprehensive Income

31 Des 2013 Cash Rp 7,400,000,000

Sales
18,500*400,000

COGS Rp 4,200,000,000
Inventory

Other Comprehensive Income Rp 376,818,094

Sales Rp 600,000,000
(20,000-18,500)*400,000
Future Contract (L)
Cash
Rp 365,735,930

Rp 742,554,024

Rp 7,400,000,000

Rp 4,200,000,000

Rp 376,818,094
Rp 600,000,000
Diketahui:
1-Jan-16

Penyelesaian:
1

4
 Loan 400000000
Jangka Waktu_tahun 5
Suku bunga 8%
Tingkat JIBOR 2%
Jatuh tempo bunga 31 Desember
Asumsi JIBOR 31/12/2016 5%

enyelesaian:
Alasannya adalah untuk melindungi risiko bervariasinya arus kas
Derivatif di dalam lindung nilai ini melindungi kemungkinan
kerugian (eksposure) dari variabilitas dalam arus kas yang diharapkan/diperkirakan
(expected). Exposure bisa dikaitkan dengan aset dan liabilitas

Menurut saya efektif, dimana lindung nilai ini untuk meningkatkan kewaspadaa terhadap
arus kas dimasa mendatang. Apalagi lindung nilai ini terhadap pembayaran
bunga yang tingkat bungannya fluktuatif

a. Estimasi nilai wajar 31 Des 2016

Camilla membayar 7% kepada Ventura Bank
7%*400,000,000 28,000,000.00
Mempunyai kewajiban derivatif
4,000,000.00 (8%-7%)*400,000,000
PV 4,000,000 tahun ke 2
3,738,317.76 4,000,000:(1.07^1)
PV 4,000,000 tahun ke 3
3,493,754.91 4,000,000:(1.07^2)
Estimasi nilai wajar 7,232,072.67

b. Jurnal 31 Des 2016

Interest Expense Rp 32,000,000.00
Cash Rp 32,000,000.00
28,000,000+4,000,000
Other Comprehensive Income Rp 7,232,072.67
Interest rate swap (L) Rp 7,232,072.67

Interest Expense Rp 28,000,000.00

Cash Rp 28,000,000.00

Interest Expense Rp 4,000,000.00

Cash Rp 4,000,000.00

Camilla akan membayar 7.5% kepada Bank Ventura

Mempunyai kewajiban derivatif
(8%-7.5%)*400,000,000 Rp 2,000,000.00
PV 2,000,000 tahun ke 3
2,000,000:(1.075^1) Rp 1,859,410.01
Other Comprehensive Income Rp 9,091,482.68
Interest rate swap (L) Rp 9,091,482.68
Diketahui: MEMBELI
1 Des 2020 Inventory_beras $ 15,000.00
30-Jan-21 Pembayaran
Hedging Forward Contract
Penyelesaian fisik
Kurs:
1 Des 2020 31 Des 2020
Spot rate 9,500.00 9,400.00
FC_30 hari 9,100.00 9,050.00
FC_60 hari 9,100.00 8,900.00

Penyelesaian_Jurnal X
1 Des 2020 Purchase Rp 142,500,000.00
Account Payable
15,000*9,500

Contract Receivable ($) Rp 136,500,000.00

Contract Payable
15,000*9,100

31 Des 2020 Account Payable Rp 1,500,000.00

Exchange Gain
(9,500-9,400)*15,000

Exchange Loss Rp 750,000.00

Contract Receivable ($)
(9,100-9,050)*15,000

30-Jan-21 Cash Rp 139,500,000.00

9,300*15,000
Exchange Loss Rp 1,500,000.00
Account Payable

Contract Receivable ($) Rp 135,750,000.00

Exchange Loss
Cash
9,300*15,000

Contract Payable Rp 136,500,000.00

Cash
 30-Jan-21
9,300.00
8,900.00
8,800.00

Rp 142,500,000.00

Rp 136,500,000.00

Rp 1,500,000.00

Rp 750,000.00

Rp 141,000,000.00

Rp 139,500,000.00

Rp 136,500,000.00
Diketahui:

Penyelesaian:
 MENJUAL
1-Nov-19 Sales £ 1,000,000.00
30-Jan-20 Pelunasan pembayaran
Hedging Forward Contract
Tingkat bunga 12%
Penyelesaian Nett
Kurs:
1-Nov-19 31 Des 2019 30-Jan-20
Kurs Spot £ 0.80 £ 0.79 £ 0.80
FC_90 hari £ 0.78 £ 0.79 £ 0.80
FC_60 hari £ 0.77 £ 0.77 £ 0.78
FC_30 hari £ 0.79 £ 0.79 £ 0.79

Penyelesaian:
1-Nov-19 Account Receivable $ 1,250,000.00
Sales $ 1,250,000.00
1,000,000:0.8

No entry

31 Des 2019 Account Receivable $ 12,500.00

Exchange Gain $ 12,500.00
1,000,000*(0.8-0.79)/0.8
Contract Payable $ 43,316.83
Exchange Gain $ 43,316.83
1,000,000*(0.8-0.77)/0.8/(1.01^1)

30-Jan-20 Cash $ 1,250,000.00

1,000,000/0.8
Exchange Loss $ 12,500.00
Account Receivable $ 1,262,500.00

Contract Payable $ 43,316.83

Exchange Loss $ 1,206,683.17
Cash $ 1,250,000.00

Cash $ 1,250,000.00
Contract Receivable $ 1,250,000.00