33,992,975 15,77 Menilai Kinerja Keuangan PT XYZ Dengan Menggunakan Analisa Rasio Keuangan, Analisa Horizontal dan Vertikal, Serta Analisis Sistem Du Pont Model.

Lampiran.8 SKEMA ANALISIS SISTEM DU PONT MODEL.II PT.XYZ PT. XYZ For the year ended 31 December 2005 , 2004 R 2003 2004 2005 ROI 2003 2004

53.16 2005

33.84 NET PROFIT MARGIN 2003 2004

29.13 2005

4.32 SALES NIAT TOTAL A 2003 2003 2003 2004

38.01 2004

78.12 2004

2005 46.34 2005 52.67 2005 TOTAL COSTS TOTAL REVENUE 2003 MINUS 2003 2004

26.31 2004

33.25 2005

38.64 2005

41.15 COST OF SALES FINANCIAL EXPENSE 2003 PLUS 2003 2004

18.55 2004

-3.16 2005

32.38 2005

56.48 SA SELLING ADM. EXP. DEBENTURE 2003 2003 PREMIUM REDEMPTION PLUS 2004 AnalBsBs Du Pont 2004 19.91 2003 2005 2005 49.57 PLUS 2004 - 2005 0.00 OTHER OPER 2003 ROYALTY FEE TAX EXPENSE PLUS 2004 2003 2003 2005 2004

35.70 PLUS

2004 872.19 2005 49.84 2005 84.15 SHARE OF OF ASSOC OTHER OPERATING EXPENSE PROFIT ATTRIBUTABLE 2003 2003 TO MINISTRIES PLUS 2004 2004

53.03 PLUS

2003 2005 2005 -48.30 2004 18.48 2005 176.04 INTEREST EXPENSE 2003 2004 -14.13 2005 23.66 .XYZ 004 , 2003 ROE

72.35 61.26

EQUITY TOTAL ASSETS 2003 2004 -11.11 2005 -16.97 TATO 2003 2004

18.92 2005

27.27 OTAL ASSETS SALES 2003 16.31 2004 38.01

14.04 2005

46.34 FIXED ASSETS PLUS 2003 2004 8.65 2005 1.47 CURRENT ASSETS PLUS 2003 2004 46.42 2005 50.70 SALES Cash Equivalent 2003 38.01 2004 87,5

46.34 2005

51,64 Trade Acc.Receivable 2003 2004 90,19 OPERATING INCOME 2005 19,69 42.17 Inventories

15.42 2003

2004 10,02 2005 116,77 RE OF PROFIT ASSOCIATIES -104.93 321.82 Lampiran.1 INCOME STATEMENT PT.XYZ PT . XYZ For the year ended 31 December 2005 , 2004 , 2003 Description 2005 2004 2003 THB Thousand THB Thousand THB Thousand Sales 25,208,684 12,226,625 12,482,256 Cost of sales 13,933,288 10,525,024 8,828,320 Gross profit 11,275,396 6,701,651 3,603,886 Selling and administrative expense 3,331,844 2,222,593 1,852,656 Royalty fee 2,546,258 1,699,642 1,252,465 Profit from sales 5,396,794 2,774,416 493,765 Other income Gain on disposal of investment 2,405,885 2,303,828 1,032,101 in available-for-sales securities Gain on disposal of other investment 128,002 - - Gain on disposal of investment in related 135,030 141,216 108,661 parties Net gain on disposal of property, plant and - 15,556 22,688 equipment Net gain on disposal of investment in land - - 106,055 Unrealised gain on held-for-trading securities - - 308,844 Gain on exchange rate - - - Dividend income 214,625 421,049 512,432 Interest income 159,301 51,285 28,244 Others 53,366 125,234 92,565 Other expenses Write-off projects under development 13 22,520 266,296 - Write-off land compensation - 143,529 - Net loss on disposal of property, plant and 4,366 - - equipment Directors remuneration 24 26,620 20,130 14,280 Net loss on exchange rate 116,964 6,146 220,192 Operating profit 20 8,817,538 5,497,533 2,430,883 Share of profit of subsidiaries 4.4 _ _ _ Share of loss of joint ventures and associates 4.4 119,349 28,294 523,561 Profit before interest and income tax 8,698,189 5,469,239 3,004,444 Debentures premium redemption - - 152,252 Interest expenses 509,314 411,880 429,649 Financial expenses 220,329 140,832 145,422 Income taxes 2,212,481 1,204,148 123,859 Profit before minorities 5,751,015 3,712,379 2,103,257 186,164 62,440 56,921 Net profit for the year 5,564,851 3,644,939 2,046,336 Basic earnings per share THB 21 20,48 13,42 2,25 Diluted earnings per share THB 21 20,48 13,42 2,25 Income Statement Less Profit attributable to minorities Lampiran.2 BALANCE SHEET PT.XYZ PT . XYZ For the year ended 31 December 2005 , 2004 , 2003