TF - Financial Statement Analysis

Management primary target are to find a way to survive and the secondary are maximize wealth.
Wealth = Capital or Stock Price (Market Value)
Capital = Stock Price + Net Income (Income - Expenses)

Statement Komprehensive Income (Income Statement)

Laporan Laba Rugi Komprehensif (Laporan Laba Rugi) Analisa Vertical
31-Dec-15 31-Dec-16 31-Dec-15
Income Pendapatan
Net Sales IDR 12,000 IDR 11,000 Penjualan Bersih 83.92%
Service Income 2,300 1,900 Pendapatan Jasa 16.08%
Total Income IDR 14,300 IDR 12,900 Jumlah Pendapatan 100.00%
Cost of Goods Sold (7,200) (5,500) Beban Pokok Penjualan -50.35%
Gross Income IDR 7,100 IDR 7,400 Laba Bruto 49.65%
Operating Expenses Beban Operational
Selling Expenses IDR (2,400) IDR (1,980) Beban Penjualan -16.78%
Gen. & Adm. Expenses (1,800) (1,320) Beban Umum & Adm. -12.59%
Total Operating Expenses IDR (4,200) IDR (3,300) Jumlah Beban Operational -29.37%
Operating Income 2,900 4,100 Laba Operasional 20.28%
Interest Expenses (500) (500) Beban Bunga -3.50%
Earning Before Tax (EBT) 2,400 3,600 Laba Sebelum Pajak 16.78%
Corporate Income Tax (600) (900) Pajak Penghasilan Badan -4.20%
Earning After Tax (EAT) IDR 1,800 IDR 2,700 Laba Setelah Pajak 12.59%

Statement Financial Position (Balance Sheet)

Laporan Posisi Keuangan (Neraca)
31-Dec-15 31-Dec-16
Assets Aset
Current Assets Aset Lancar
Cash & Cash Equivalent IDR 1,125 IDR 1,050 Kas & Setara Kas 1.79%
Accounts Receivable 12,500 11,705 Piutang 19.93%
Merchandise Inventories 2,300 2,850 Persediaan Barang Dagang 3.67%
Total Current Assets IDR 15,925 IDR 15,605 Jumlah Aset Lancar 25.39%
Non Current Assets Aset Tidak Lancar
Long Term Investment IDR 1,800 IDR 1,950 Penyertaan 2.87%
Fixed Assets 45,000 42,000 Aset Tetap 71.74%
Total Non Current Assets 46,800 43,950 Jumlah Aset Tidak Lancar 74.61%
Total Assets IDR 62,725 IDR 59,555 Jumlah Aset 100.00%
 31-Dec-15 31-Dec-16
Liabilities & Equities Kewajiban & Ekuitas
Current Liabilities Kewajiban Lancar
Account Payable IDR 1,950 IDR 1,870 Utang Dagang 3.11%
Tax Payable 780 670 Utang Pajak 1.24%
Total Current Liabilities IDR 2,730 IDR 2,540 Jumlah Kewajiban Lancar 4.35%
Non Current Liabilities Kewajiban Tidak Lancar
Bank Payable IDR 23,000 IDR 22,000 Utang Bank 36.67%
Equities Ekuitas
Ordinary Shares IDR 35,195 IDR 30,515 Saham Biasa 56.11%
Retained Earning 1,800 4,500 Saldo Laba 2.87%
Total Equities 36,995 35,015 Total Ekuitas 58.98%
Total Liabilities & Equities IDR 62,725 IDR 59,555 Jumlah Kewajiban & Ekuitas 100.00%
Analisa Vertical Horizontal
31-Dec-16
Opini:
85.27% -8.33% 1 Menurut saya Perusahaan ini Cukup Baik karena
14.73% -17.39% Laba naik sebesar 50%
100.00% -9.79% 2 Jika dilihat dari Beban Operasional, Perusahaan ini
-42.64% -23.61% juga cukup baik dalam hal mengontrol Beban Operasional.
57.36% 4.23% 3 Divisi Pembelian berhasil melakukan survey Suplier yang Baik
dan lebih murah
-15.35% -17.50% 4 Divisi Penjualan sudah mulai menurun, karena Penjualan
-10.23% -26.67% turun 8,33%
-25.58% -21.43%
31.78% 41.38%
-3.88% 0.00%
27.91% 50.00%
-6.98% 50.00%
20.93% 50.00%

Opini:
1.76% -6.67% 1 Menurut saya Perusahaan ini Kurang Baik karena
19.65% -6.36% Total Aset sebesar -5,05%
4.79% 23.91% 2 Jika dilihat Aset Tidak Lancar Perusahaan tidak melakukan penambahan
26.20% -2.01% Aset Tidak Lancar, bahkan ada kemungkinan menjual Sedikit dari Aset Tidak Lancar
3 Aset Lancar turun 2,01%, lebih banyak disebabkan oleh Penurunan Kas &
3.27% 8.33% Piutang Usaha
70.52% -6.67%
73.80% -6.09%
100.00% -5.05%
 3.14% -4.10% Opini:
1.13% -14.10% 1 Menurut saya Perusahaan ini Kurang Baik karena
4.26% -6.96% Ekuitas sebesar -5,35%, disebakan Penurunan Saham Biasa
2 Jika dilihat Kewajiban Tidak Lancar Perusahaan mampu membayar
36.94% -4.35% Utang Jangka Panjang secara bertahap (Cukup Baik)
3 Jika dilihat Kewajiban Lancar Perusahaan mampu membayar
51.24% -13.30% Utang-utang Lancar
7.56% 150.00%
58.79% -5.35%
100.00% -5.05%
dari Aset Tidak Lancar