Analisis Perbandingan Kinerja Keuangan dengan Menggunakan Rasio Keuangan dan Economic Value Added (EVA) pada PT. Adhi Karya (Persero), Tbk dan PT. Total Bangun Persada, Tbk
LAMPIRAN 1
Hasil Perhitungan Rasio Keuangan (Current Ratio ) PT. Adhi Karya
(Persero), Tbk tahun 2008, 2009, 2010, 2011, 2012
Aktiva Lancar
Kewajiban Lancar
Current Ratio
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
4.652.976.411.278
3.963.050.896.862
1.17%
2009
5.204.366.361.603
4.352.268.432.391
1,20%
2010
3.943.832.511.662
3.450.703.172.062
1,14%
2011
5.377.659.563.432
4.875.487.799.723
1,10%
2012
7.283.097.472.884
5.852.574.120.387
1,24%
Hasil Perhitungan Rasio Keuangan (Current Ratio ) PT. Total Bangun
Persada, Tbk tahun 2008, 2009, 2010, 2011, 2012
Tahun
Aktiva Lancar
Kewajiban Lancar
Current Ratio
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
1.147.299.863.062
825.535.318.337
1.39%
2009
1.118.027.890.144
726.276.324.082
1,54%
2010
1.365.427.830.952
907.072.934.682
1,51%
2011
1.605.217.343.821
1.143.439.969.445
1,40%
2012
1.784.022.361.304
1.235.301.466.578
1,44%
82
Universitas Sumatera Utara
LAMPIRAN 2
Hasil Perhitungan Rasio Keuangan (Cash Ratio ) PT. Adhi Karya
(Persero), Tbk tahun 2008, 2009, 2010, 2011, 2012
Kas dan Setara Kas
Kewajiban Lancar
Cash Ratio
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
364.904.002.740
3.963.050.896.862
0.09%
2009
306.902.360.957
4.352.268.432.391
0.07%
2010
242.117.620.949
3.450.703.172.062
0,07%
2011
522.203.272.822
4.875.487.799.723
0,11%
2012
948.845.841.632
5.852.574.120.387
0,16%
Hasil Perhitungan Rasio Keuangan (Cash Ratio ) PT. Total Bangun
Persada, Tbk tahun 2008, 2009, 2010, 2011, 2012
Aktiva Lancar
Kewajiban Lancar
Cash Ratio
Tahun
(Rp)
(Rp)
1
2
(1/2 X 100%)
2008
289.621.389.908
825.535.318.337
0,35%
2009
433.957.837.413
726.276.324.082
0,60%
2010
488.213.578.157
907.072.934.682
0,54%
2011
661.096.154.514
1.143.439.969.445
0,58%
2012
697.685.563.355
1.235.301.466.578
0,56%
83
Universitas Sumatera Utara
LAMPIRAN 3
Hasil Perhitungan Rasio Keuangan (Return on Investment) PT. Adhi
Karya (Persero), Tbk tahun 2008, 2009, 2010, 2011, 2012
Tahun
Laba bersih
Total Aktiva
Return on Investment
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
81.482.495.008
5.125.368.541.520
1,59%
2009
165.529.733.252
5.629.454.335.393
2,94%
2010
189.483.638.611
4.927.696.202.275
3,85%
2011
182.692.722.038
6.112.953.591.126
2,99%
2012
213.317.532.467
7.872.073.635.468
2,71%
Hasil Perhitungan Rasio Keuangan (Return on Investment) PT. Total
Bangun Persada, Tbk tahun 2008, 2009, 2010, 2011, 2012
Laba bersih
Total Aktiva
Return on Investment
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
17.383.322.541
1.337.630.638.957
1,30%
2009
52.030.426.029
1.289.548.788.907
4,03%
2010
80.772.332.027
1.589.349.600.405
5,08%
2011
123.514.549.897
1.897.418.630.991
6,51%
2012
181.718.244.928
2.064.069.415.848
8,80%
84
Universitas Sumatera Utara
LAMPIRAN 4
Hasil Perhitungan Rasio Keuangan (Return on Equity) PT. Adhi Karya
(Persero),
Tbk tahun 2008, 2009, 2010, 2011, 2012
Laba bersih
Total Ekuitas
Return on Equity
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
81.482.495.008
548.279.189.639
13,95%
2009
165.529.733.252
731.199.659.939
22,64%
2010
189.483.638.611
861.113.484.045
22,00%
2011
182.692.722.038
990.367.790.588
18,45%
2012
213.317.532.467
1.180.918.969.692
18,06%
Hasil Perhitungan Rasio Keuangan (Return on Equity) PT. Total Bangun
Persada, Tbk tahun 2008, 2009, 2010, 2011, 2012
Laba bersih
Total Ekuitas
Return on Equity
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
17.383.322.541
445.178.472.347
3,90%
2009
52.030.426.029
491.832.010.501
10,58%
2010
80.772.332.027
558.420.313.453
14,46%
2011
123.514.549.897
673.718.812.868
18,33%
2012
181.718.244.928
705.837.057.796
25,75%
85
Universitas Sumatera Utara
LAMPIRAN 5
Hasil Perhitungan Rasio Keuangan (Debt to Asset Ratio ) PT. Adhi
Karya (Persero), Tbk tahun 2008, 2009, 2010, 2011, 2012
Total Kewajiban
Total Aktiva
Debt to Asset Ratio
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
4.525.468.985.337
5.125.368.541.520
0,88%
2009
4.888.581.325.142
5.629.454.335.393
0,87%
2010
4.059.941.228.781
4.927.696.202.275
0,82%
2011
5.122.585.800.538
6.112.953.591.126
0,84%
2012
6.691.154.665.776
7.872.073.635.468
0,85%
Hasil Perhitungan Rasio Keuangan (Debt to Asset Ratio ) PT. Total Bangun
Persada, Tbk tahun 2008, 2009, 2010, 2011, 2012
Total Kewajiban
Total Aktiva
Debt to Asset Ratio
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
892.452.166.610
1.337.630.638.957
0,67%
2009
797.569.689.843
1.289.548.788.907
0,62%
2010
989.120.637.434
1.589.349.600.405
0,62%
2011
1.223.699.818.123
1.897.418.630.991
0,64%
2012
1.358.232.358.052
2.064.069.415.848
0,66%
86
Universitas Sumatera Utara
LAMPIRAN 6
Hasil Perhitungan Rasio Keuangan (Debt to Equity Ratio) PT. Adhi
Karya (Persero), Tbk tahun 2008, 2009, 2010, 2011, 2012
Total Kewajiban
Total Ekuitas
Debt to Equity Ratio
Tahun
(Rp)
(Rp)
(1/2 x 100 %)
1
2
2008
4.525.468.985.337
584.279.189.639
7,75%
2009
4.888.581.325.142
731.199.659.939
6,69%
2010
4.059.941.228.781
861.113.484.045
4,71%
2011
5.122.585.800.538
990.367.790.588
5,17%
2012
6.691.154.665.776
1.180.918.969.692
5,67%
Tabel 4.12
Hasil Perhitungan Rasio Keuangan (Debt to Equity Ratio ) PT. Total Bangun
Persada, Tbk tahun 2008, 2009, 2010, 2011, 2012
Total Kewajiban
Total Ekuitas
Debt to Equity Ratio
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
892.452.166.610
445.178.472.347
2,00%
2009
797.569.689.843
491.832.010.501
1,62%
2010
989.120.637.434
558.420.313.453
1,77%
2011
1.223.699.818.123
673.718.812.868
1,82%
2012
1.358.232.358.052
705.837.057.796
1,92%
87
Universitas Sumatera Utara
LAMPIRAN 7
Hasil Perhitungan EVA (NOPAT) PT. Adhi Karya (Persero), Tbk
Tahun 2008, 2009, 2010, 2011, 2012
EBIT
Pajak
NOPAT
Tahun
(Rp)
(Rp)
(Rp)
1
2
(1-2)
2008
122.539.138.264
52.691.829.454
69.847.308.810
2009
331.773.348.809
162.568.940.916
169.204.407.893
2010
320.820.350.738
189.284.006.935
131.536.343.803
2011
326.379.673.475
182.772.617.146
143.607.056.329
2012
423.315.053.973
211.657.526.986
211.657.526.986
Hasil Perhitungan EVA (NOPAT) PT. Total Bangun Persada, Tbk
Tahun 2008, 2009, 2010, 2011, 2012
EBIT
Pajak
NOPAT
Tahun
(Rp)
(Rp)
(Rp)
1
2
(1-2)
2008
52.547.319.965
19.442.508.387
33.104.811.578
2009
104.105.293.475
52.052.646.738
52.052.646.737
2010
126.664.752.386
81.065.441.527
45.599.310.859
2011
172.235.740.993
124.009.733.515
48.226.007.478
2012
240.948.445.765
180.711.334.324
60.237.111.441
88
Universitas Sumatera Utara
LAMPIRAN 8
Hasil Perhitungan EVA (WACC) PT. Adhi Karya (Persero), Tbk
Tahun 2008, 2009, 2010, 2011, 2012
Kd
Wd
Ke
We
WACC
Tahun
1
2
3
4
((1x2)+(3x4))
2008
0,08%
0,757%
0,104%
0,243%
0,051%
2009
0,10%
0,749%
0,038%
0,251%
0,046%
2010
0,10%
0,772%
0,034%
0,228%
0,053%
2011
0,20%
0,578%
0,066%
0,422%
0,093%
2012
0,05%
0,823%
0,083%
0,177%
0,035%
Hasil Perhitungan EVA (WACC) PT. Total Bangun Persada, Tbk
Tahun 2008, 2009, 2010, 2011, 2012
Kd
Wd
Ke
We
WACC
Tahun
1
2
2008
0,04%
0,196%
2009
0,08%
0,206%
2010
0,20%
2011
2012
3
4
((1x2)+(3x4))
0,804%
0,071%
-0,029%
0,794%
-0,015%
0,194%
-0,044%
0,806%
-0,011%
0,12%
0,191%
0,064%
0,809%
0,068%
0,01%
0,265%
0,049%
0,735%
0,038%
0,085%
89
Universitas Sumatera Utara
LAMPIRAN 9
Hasil Perhitungan EVA (Invested Capital) PT. Adhi Karya (Persero), Tbk
Tahun 2008, 2009, 2010, 2011, 2012
Ht.Jk panjang
Ekuitas
Invested Capital
Tahun
(Rp)
(Rp)
(Rp)
1
2
(1+2)
2008
562.418.088.475
180.132.000.000
742.550.088.475
2009
536.312.892.751
180.132.000.000
716.444.892.751
2010
609.238.056.719
180.132.000.000
789.370.056.719
2011
247.098.000.816
180.132.000.000
427.230.000.816
2012
838.580.545.389
180.132.000.000
1.018.712.545.389
Hasil Perhitungan EVA (Invested Capital) PT. Total Bangun Persada, Tbk
Tahun 2008, 2009, 2010, 2011, 2012
Ht. Jangka panjang
Ekuitas
Invested Capital
(Rp)
(Rp)
(Rp)
1
2
(1+2)
2008
66.916.848.273
275.000.000.000
2009
71.293.365.761
275.000.000.000
2010
82.047.702.752
341.000.000.000
423.047.702.752
2011
80.259.848.678
341.000.000.000
421.259.848.678
2012
122.930.891.474
341.000.000.000
463.930.891.474
Tahun
341.916.848.273
346.293.365.761
90
Universitas Sumatera Utara
LAMPIRAN 10
Hasil Perhitungan EVA PT. Adhi Karya (Persero), Tbk
Tahun 2008, 2009, 2010, 2011, 2012
Tahun
NOPAT
WACC
Invested Capital
EVA
(Rp)
2
(Rp)
(Rp)
3
(1-(2x3))
1
2008
69.847.308.810
0,051%
742.550.088.475
31.766.398.566
2009
169.204.407.893
0,046%
716.444.892.751
136.080.060.148
2010
131.536.343.803
0,053%
789.370.056.719
89.466.810.457
2011
143.607.056.329
0,093%
427.230.000.816
104.043.368.238
2012
211.657.526.986
0,035% 1.018.712.545.389
175.742.057.351
Hasil Perhitungan EVA PT. Total Bangun Persada, Tbk
Tahun 2008, 2009, 2010, 2011, 2012
NOPAT
WACC Invested Capital
Tahun
(Rp)
2
1
EVA
(Rp)
(Rp)
3
(1-(2x3))
2008
33.104.811.578
0,071%
341.916.848.273
8.739.442.224
2009
52.052.646.737
-0,015%
346.293.365.761
57.175.912.107
2010
45.599.310.859
-0,011%
423.047.702.752
50.101.204.907
2011
48.226.007.478
0,068
421.259.848.678
19.467.556.552
2012
60.237.111.441
0,038
463.930.891.474
42.606.129.755
91
Universitas Sumatera Utara
Hasil Perhitungan Rasio Keuangan (Current Ratio ) PT. Adhi Karya
(Persero), Tbk tahun 2008, 2009, 2010, 2011, 2012
Aktiva Lancar
Kewajiban Lancar
Current Ratio
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
4.652.976.411.278
3.963.050.896.862
1.17%
2009
5.204.366.361.603
4.352.268.432.391
1,20%
2010
3.943.832.511.662
3.450.703.172.062
1,14%
2011
5.377.659.563.432
4.875.487.799.723
1,10%
2012
7.283.097.472.884
5.852.574.120.387
1,24%
Hasil Perhitungan Rasio Keuangan (Current Ratio ) PT. Total Bangun
Persada, Tbk tahun 2008, 2009, 2010, 2011, 2012
Tahun
Aktiva Lancar
Kewajiban Lancar
Current Ratio
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
1.147.299.863.062
825.535.318.337
1.39%
2009
1.118.027.890.144
726.276.324.082
1,54%
2010
1.365.427.830.952
907.072.934.682
1,51%
2011
1.605.217.343.821
1.143.439.969.445
1,40%
2012
1.784.022.361.304
1.235.301.466.578
1,44%
82
Universitas Sumatera Utara
LAMPIRAN 2
Hasil Perhitungan Rasio Keuangan (Cash Ratio ) PT. Adhi Karya
(Persero), Tbk tahun 2008, 2009, 2010, 2011, 2012
Kas dan Setara Kas
Kewajiban Lancar
Cash Ratio
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
364.904.002.740
3.963.050.896.862
0.09%
2009
306.902.360.957
4.352.268.432.391
0.07%
2010
242.117.620.949
3.450.703.172.062
0,07%
2011
522.203.272.822
4.875.487.799.723
0,11%
2012
948.845.841.632
5.852.574.120.387
0,16%
Hasil Perhitungan Rasio Keuangan (Cash Ratio ) PT. Total Bangun
Persada, Tbk tahun 2008, 2009, 2010, 2011, 2012
Aktiva Lancar
Kewajiban Lancar
Cash Ratio
Tahun
(Rp)
(Rp)
1
2
(1/2 X 100%)
2008
289.621.389.908
825.535.318.337
0,35%
2009
433.957.837.413
726.276.324.082
0,60%
2010
488.213.578.157
907.072.934.682
0,54%
2011
661.096.154.514
1.143.439.969.445
0,58%
2012
697.685.563.355
1.235.301.466.578
0,56%
83
Universitas Sumatera Utara
LAMPIRAN 3
Hasil Perhitungan Rasio Keuangan (Return on Investment) PT. Adhi
Karya (Persero), Tbk tahun 2008, 2009, 2010, 2011, 2012
Tahun
Laba bersih
Total Aktiva
Return on Investment
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
81.482.495.008
5.125.368.541.520
1,59%
2009
165.529.733.252
5.629.454.335.393
2,94%
2010
189.483.638.611
4.927.696.202.275
3,85%
2011
182.692.722.038
6.112.953.591.126
2,99%
2012
213.317.532.467
7.872.073.635.468
2,71%
Hasil Perhitungan Rasio Keuangan (Return on Investment) PT. Total
Bangun Persada, Tbk tahun 2008, 2009, 2010, 2011, 2012
Laba bersih
Total Aktiva
Return on Investment
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
17.383.322.541
1.337.630.638.957
1,30%
2009
52.030.426.029
1.289.548.788.907
4,03%
2010
80.772.332.027
1.589.349.600.405
5,08%
2011
123.514.549.897
1.897.418.630.991
6,51%
2012
181.718.244.928
2.064.069.415.848
8,80%
84
Universitas Sumatera Utara
LAMPIRAN 4
Hasil Perhitungan Rasio Keuangan (Return on Equity) PT. Adhi Karya
(Persero),
Tbk tahun 2008, 2009, 2010, 2011, 2012
Laba bersih
Total Ekuitas
Return on Equity
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
81.482.495.008
548.279.189.639
13,95%
2009
165.529.733.252
731.199.659.939
22,64%
2010
189.483.638.611
861.113.484.045
22,00%
2011
182.692.722.038
990.367.790.588
18,45%
2012
213.317.532.467
1.180.918.969.692
18,06%
Hasil Perhitungan Rasio Keuangan (Return on Equity) PT. Total Bangun
Persada, Tbk tahun 2008, 2009, 2010, 2011, 2012
Laba bersih
Total Ekuitas
Return on Equity
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
17.383.322.541
445.178.472.347
3,90%
2009
52.030.426.029
491.832.010.501
10,58%
2010
80.772.332.027
558.420.313.453
14,46%
2011
123.514.549.897
673.718.812.868
18,33%
2012
181.718.244.928
705.837.057.796
25,75%
85
Universitas Sumatera Utara
LAMPIRAN 5
Hasil Perhitungan Rasio Keuangan (Debt to Asset Ratio ) PT. Adhi
Karya (Persero), Tbk tahun 2008, 2009, 2010, 2011, 2012
Total Kewajiban
Total Aktiva
Debt to Asset Ratio
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
4.525.468.985.337
5.125.368.541.520
0,88%
2009
4.888.581.325.142
5.629.454.335.393
0,87%
2010
4.059.941.228.781
4.927.696.202.275
0,82%
2011
5.122.585.800.538
6.112.953.591.126
0,84%
2012
6.691.154.665.776
7.872.073.635.468
0,85%
Hasil Perhitungan Rasio Keuangan (Debt to Asset Ratio ) PT. Total Bangun
Persada, Tbk tahun 2008, 2009, 2010, 2011, 2012
Total Kewajiban
Total Aktiva
Debt to Asset Ratio
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
892.452.166.610
1.337.630.638.957
0,67%
2009
797.569.689.843
1.289.548.788.907
0,62%
2010
989.120.637.434
1.589.349.600.405
0,62%
2011
1.223.699.818.123
1.897.418.630.991
0,64%
2012
1.358.232.358.052
2.064.069.415.848
0,66%
86
Universitas Sumatera Utara
LAMPIRAN 6
Hasil Perhitungan Rasio Keuangan (Debt to Equity Ratio) PT. Adhi
Karya (Persero), Tbk tahun 2008, 2009, 2010, 2011, 2012
Total Kewajiban
Total Ekuitas
Debt to Equity Ratio
Tahun
(Rp)
(Rp)
(1/2 x 100 %)
1
2
2008
4.525.468.985.337
584.279.189.639
7,75%
2009
4.888.581.325.142
731.199.659.939
6,69%
2010
4.059.941.228.781
861.113.484.045
4,71%
2011
5.122.585.800.538
990.367.790.588
5,17%
2012
6.691.154.665.776
1.180.918.969.692
5,67%
Tabel 4.12
Hasil Perhitungan Rasio Keuangan (Debt to Equity Ratio ) PT. Total Bangun
Persada, Tbk tahun 2008, 2009, 2010, 2011, 2012
Total Kewajiban
Total Ekuitas
Debt to Equity Ratio
Tahun
(Rp)
(Rp)
(1/2 x 100%)
1
2
2008
892.452.166.610
445.178.472.347
2,00%
2009
797.569.689.843
491.832.010.501
1,62%
2010
989.120.637.434
558.420.313.453
1,77%
2011
1.223.699.818.123
673.718.812.868
1,82%
2012
1.358.232.358.052
705.837.057.796
1,92%
87
Universitas Sumatera Utara
LAMPIRAN 7
Hasil Perhitungan EVA (NOPAT) PT. Adhi Karya (Persero), Tbk
Tahun 2008, 2009, 2010, 2011, 2012
EBIT
Pajak
NOPAT
Tahun
(Rp)
(Rp)
(Rp)
1
2
(1-2)
2008
122.539.138.264
52.691.829.454
69.847.308.810
2009
331.773.348.809
162.568.940.916
169.204.407.893
2010
320.820.350.738
189.284.006.935
131.536.343.803
2011
326.379.673.475
182.772.617.146
143.607.056.329
2012
423.315.053.973
211.657.526.986
211.657.526.986
Hasil Perhitungan EVA (NOPAT) PT. Total Bangun Persada, Tbk
Tahun 2008, 2009, 2010, 2011, 2012
EBIT
Pajak
NOPAT
Tahun
(Rp)
(Rp)
(Rp)
1
2
(1-2)
2008
52.547.319.965
19.442.508.387
33.104.811.578
2009
104.105.293.475
52.052.646.738
52.052.646.737
2010
126.664.752.386
81.065.441.527
45.599.310.859
2011
172.235.740.993
124.009.733.515
48.226.007.478
2012
240.948.445.765
180.711.334.324
60.237.111.441
88
Universitas Sumatera Utara
LAMPIRAN 8
Hasil Perhitungan EVA (WACC) PT. Adhi Karya (Persero), Tbk
Tahun 2008, 2009, 2010, 2011, 2012
Kd
Wd
Ke
We
WACC
Tahun
1
2
3
4
((1x2)+(3x4))
2008
0,08%
0,757%
0,104%
0,243%
0,051%
2009
0,10%
0,749%
0,038%
0,251%
0,046%
2010
0,10%
0,772%
0,034%
0,228%
0,053%
2011
0,20%
0,578%
0,066%
0,422%
0,093%
2012
0,05%
0,823%
0,083%
0,177%
0,035%
Hasil Perhitungan EVA (WACC) PT. Total Bangun Persada, Tbk
Tahun 2008, 2009, 2010, 2011, 2012
Kd
Wd
Ke
We
WACC
Tahun
1
2
2008
0,04%
0,196%
2009
0,08%
0,206%
2010
0,20%
2011
2012
3
4
((1x2)+(3x4))
0,804%
0,071%
-0,029%
0,794%
-0,015%
0,194%
-0,044%
0,806%
-0,011%
0,12%
0,191%
0,064%
0,809%
0,068%
0,01%
0,265%
0,049%
0,735%
0,038%
0,085%
89
Universitas Sumatera Utara
LAMPIRAN 9
Hasil Perhitungan EVA (Invested Capital) PT. Adhi Karya (Persero), Tbk
Tahun 2008, 2009, 2010, 2011, 2012
Ht.Jk panjang
Ekuitas
Invested Capital
Tahun
(Rp)
(Rp)
(Rp)
1
2
(1+2)
2008
562.418.088.475
180.132.000.000
742.550.088.475
2009
536.312.892.751
180.132.000.000
716.444.892.751
2010
609.238.056.719
180.132.000.000
789.370.056.719
2011
247.098.000.816
180.132.000.000
427.230.000.816
2012
838.580.545.389
180.132.000.000
1.018.712.545.389
Hasil Perhitungan EVA (Invested Capital) PT. Total Bangun Persada, Tbk
Tahun 2008, 2009, 2010, 2011, 2012
Ht. Jangka panjang
Ekuitas
Invested Capital
(Rp)
(Rp)
(Rp)
1
2
(1+2)
2008
66.916.848.273
275.000.000.000
2009
71.293.365.761
275.000.000.000
2010
82.047.702.752
341.000.000.000
423.047.702.752
2011
80.259.848.678
341.000.000.000
421.259.848.678
2012
122.930.891.474
341.000.000.000
463.930.891.474
Tahun
341.916.848.273
346.293.365.761
90
Universitas Sumatera Utara
LAMPIRAN 10
Hasil Perhitungan EVA PT. Adhi Karya (Persero), Tbk
Tahun 2008, 2009, 2010, 2011, 2012
Tahun
NOPAT
WACC
Invested Capital
EVA
(Rp)
2
(Rp)
(Rp)
3
(1-(2x3))
1
2008
69.847.308.810
0,051%
742.550.088.475
31.766.398.566
2009
169.204.407.893
0,046%
716.444.892.751
136.080.060.148
2010
131.536.343.803
0,053%
789.370.056.719
89.466.810.457
2011
143.607.056.329
0,093%
427.230.000.816
104.043.368.238
2012
211.657.526.986
0,035% 1.018.712.545.389
175.742.057.351
Hasil Perhitungan EVA PT. Total Bangun Persada, Tbk
Tahun 2008, 2009, 2010, 2011, 2012
NOPAT
WACC Invested Capital
Tahun
(Rp)
2
1
EVA
(Rp)
(Rp)
3
(1-(2x3))
2008
33.104.811.578
0,071%
341.916.848.273
8.739.442.224
2009
52.052.646.737
-0,015%
346.293.365.761
57.175.912.107
2010
45.599.310.859
-0,011%
423.047.702.752
50.101.204.907
2011
48.226.007.478
0,068
421.259.848.678
19.467.556.552
2012
60.237.111.441
0,038
463.930.891.474
42.606.129.755
91
Universitas Sumatera Utara