SCMA Multimedia Services 12 PT Tambang Batubara Bukit Asam Tbk PTBA Coal Mining Industry Sumber : Jakarta Stock Exchange 2003

  Perpustakaan Unika

LAMPIRAN 1 Tabel Daftar Sampel Tahun 2002 No Nama Perusahaan Kode Jenis Industri

  1 PT Fortune Indonesia Tbk FORU Marketing communication service

  2 PT ANTA Express Tour & ANTA Tour and Travel Service Travel Service Tbk

  3 PT Fishindo Kusuma Sejahtera FISH Production of Fish Meal, Fish Oil, Feather Meal and Trading of Material Animal Feed

  4 PT Cipta Panelutama Tbk CITA Furniture Industry

  5 PT Fatrapalindo Nusa Industri FPNI Plastic Industry

  6 PT Abdi Bangsa Tbk ABBA Newspaper Publishing

  7 PT Jasuindo Tiga Perkasa Tbk JTPE Integrated Commercial 8 PT Anugerah Tambak ATPK Shrimp Embankment Cultivation.

  Perkasindo Tbk

  9 PT Sugi Samapersada Tbk SUGI Automotive Sparepart Distributor and Agent

  10 PT Apexindo Pratama Duta Tbk APEX Oil and Gas Drilling Service

  11 PT Surya Citra Media Tbk SCMA Multimedia Services

  12 PT Tambang Batubara Bukit PTBA Coal Mining Industry Asam Tbk Sumber : Jakarta Stock Exchange 2003

  Perpustakaan Unika

Tahun 2004 No Nama Perusahaan Kode Jenis Industri

  1 PT Bioteknologi Holtikultura BTEK Development of Biotechnology Tbk

  2 PT Energi Mega Persada Tbk ENRG Onshore and Offshore Exploration and Production Petroleum and Natural Gas.

  3 PT Sanex Qianjiang Motor Tbk SQMI Motorcycle Assembly Part

  4 PT Aneka Kemasindo Utama AKKU Plastic Packaging Industry Tbk

  5 PT Mitra Adiperkasa Tbk MAPI Retail Trade, Cafe, Restaurant, Agent and / or Distributor Sumber : Jakarta Stock Exchange 2005

Tahun 2005 No Nama Perusahaan Kode Jenis Industri

  1 PT Multistrada Arah Sarana Tbk MASA Tire Manufacturing

  2 PT Arpeni Pratama Ocean Line APOL Dockhand and Shipping Company, Tbk Domestic and International

  3 PT Excelcomindo Pratama Tbk EXCL Telecommunication Service

  4 PT Multi Indocitra Tbk MICE General trading and Distribution of

  Perpustakaan Unika and Sertification

  IATA Air Charter and Helicopter Services

  5 PT Central Protein Prima CPRO Budidaya Udang Terintegrasi meliputi Benur Udang, Pakan Udang, Tambak Udang, Produk Udang Beku, Pakan Ikan, Pakan Ayam, Unggas DOC

  6 PT Mobile-8 Telecom Tbk FREN Telecommunication Services Sumber : Pusat Data Pasar Modal IBII

  Perpustakaan Unika

LAMPIRAN 2

  Data Perusahaan IPO tahun 2002-2006

  Dalam jutaan

  No Nama Established Total Asset Sales Operating Net Cash Flows Share Offering Penerimaan Emiten Date Income Income Offered Price Kotor (OI)

  1 FORU 5-May-1970 47053.000 25554.000 3483.000 2006.000 -190.163 205 130 26650

  2 ANTA 10-May-1972 184279.900 543994.400 7365.730 10398.300 -22830.595 80 125 10000

  3 FISH 27-Jun-1992 42101.975 21820.710 1295.430 884.260 1657.619 80 125 10000

  4 CITA 27-Jun-1992 35324.320 18515.210 1558.590 1240.700 -1243.601 60 200 12000

  5 FPNI 9-Dec-1987 208508.000 136495.015 29078.000 18887.000 26185.371 67 450 30150

  6 ABBA 28-Nov-1992 48750.105 35418.208 -8693.487 -2869.424 -7195.792 400 105 42000

  7 JTPE 10-Nov-1992 39365.109 28183.110 2872.740 894.217 -10270.738 100 225 22500

  8 ATPK 12-Jan-1988 63759.320 7241.850 2933.350 994.811 -2050.345 135.45 300 40635

  9 SUGI 26-Mar-1990 52617.670 60753.260 600.777 781.838 -16741.718 100 120 12000

  10 APEX 20-Jun-1984 1324287.530 590376.070 74759.470 38667.380 29353.500 200 550 110000

  11 SCMA 29-Jan-1999 932.728 728.950 243586.000 7803.000 7294.252 375 1100 412500

  12 PT BA 2-Mar-1981 1919954.000 2219687.000 363998.000 272222.000 256061.000 346.5 575 199238

  13 ARTI 31-Mar-1993 99952.094 43600.780 5829.220 826.829 -6184.904 95 650 61750

  14 TMAS 17-Sep-1987 159129.778 83129.270 16051.377 18397.157 24340.176 55 550 30250

  15 PGAS 1-Feb-1985 5770088.390 3151811.670 813933.798 1115714.395 314555.163 1685.185 1500 2527778

  16 BTEK 6-Jun-2001 80184.770 5926.340 760.881 446.483 -4223.737 120 125 15000

  17 ENRG 16-Oct-2001 258508.955 195223.415 18805.978 11236.750 56382.369 2847.4335 160 455589

  18 SQMI 21-Mar-2000 92730.400 35486.778 2079.785 1892.858 2079.369 120 250 30000

  19 AKKU 5-Apr-2001 16141.974 7774.934 411830.000 848.904 -133.833 80 220 17600

  20 MAPI 23-Jan-1995 1244984.000 2014108.413 122910.038 74171.222 108.472 500 625 312500

  21 MASA 20-Jun-1988 794257.026 222405.205 1583.428 2015564.935 -6842.574 1000 170 170000

  22 APOL 4-Oct-1975 1513768.472 845866.695 181111.513 77316.707 194562.268 500 625 312500

  23 EXCL 6-Oct-1989 6474459.432 2590703.653 662401.018 -45302.622 1583167.257 1427.5 2000 2855000

  24 MICE 11-Jan-1990 124488.369 159616.054 36081.083 17506.282 18296.306 100 490 49000

  25 BTEL 13-Aug-1993 1526986.558 164300.474 -67511.538 -111957.710 -58300.084 5500 110 605000

  26 MAIN 10-Jun-1997 293970.210 498862.320 61571.359 32914.596 21922.580 61 880 53680

  27 RUIS 22-Aug-1984 193855.808 545697.778 27953.223 14201.288 4455.612 170 250 42500

  28 IATA 15-Apr-1969 405435.139 231052.980 51554.908 15120.989 48454.493 432 130 56160

  29 FREN 16-Dec-2002 2365416.999 350708.835 -179211.410 -286700.181 23849.404 3900 225 877500

  30 CPRO 30-Apr-1980 2498007.000 5004875.000 335297.000 232943.000 234521.000 3000 110 330000 Cat : untuk Offering price, data dalam rupiah

  Sumber : Prospektus Perusahaan Perpustakaan Unika

LAMPIRAN 3

  Perpustakaan Unika Data Perusahaan IPO untuk Uji Pertumbuhan Tahun 2002 (Dalam juta Rupiah)

  No Nama Sales T Sales T-1 Sales T-2 Sales T / Sales T-1 Sales T-1 / Sales T-2

  1 FORU 25554.000 51325.000 35990.000 0.49788602 1.426090581

  2 ANTA 543994.400 908898.410 795716.910 0.598520576 1.1422384

  3 FISH 21820.710 21761.470 4775.000 1.002722243 4.557375916

  4 CITA 18515.210 27339.311 24108.987 0.677237623 1.133988375

  5 FPNI 136495.015 193738.802 132713.386 0.704531119 1.459828642

  6 ABBA 35418.208 32968.507 32385.062 1.074304275 1.018015868

  7 JTPE 28183.110 25978.072 29233.006 1.084880741 0.888655515

  8 ATPK 7241.850 18199.925 11289.612 0.397905486 1.612094818

  9 SUGI 60753.260 61599.540 8668.640 0.986261586 7.106021244

  10 APEX 590376.070 364909.130 343479.130 1.617871468 1.062390981

  11 SCMA 728.950 553845.000 269466.000 0.001316162 2.055342789

  12 PT BA 2219687.000 1708847.000 1797063.000 1.298938407 0.950911014

  Sumber : Prospektus perusahaan

  Perpustakaan Unika Data Perusahaan IPO untuk Uji Pertumbuhan Tahun 2002 (Dalam juta Rupiah)

  No Nama Asset T Asset T-1 Asset T-2 Asset T / Asset T-1 Asset T-1 / Asset T-2

  1 FORU 47053.000 46117.000 28725.000 1.020296203 1.605465622

  2 ANTA 184279.900 211236.970 127172.090 0.872384697 1.661032464

  3 FISH 42101.975 43150.710 12455.840 0.975695997 3.464295463

  4 CITA 35324.320 20608.903 16341.641 1.714032038 1.26112812

  5 FPNI 208508.000 224728.760 168686.590 0.92782072 1.332226587

  6 ABBA 48750.105 44727.392 44578.214 1.089938465 1.003346433

  7 JTPE 39365.109 20995.675 12625.889 1.874915143 1.662906667

  8 ATPK 63759.320 58323.497 59152.771 1.093201253 0.985980809

  9 SUGI 52617.670 55568.310 26437.320 0.946900671 2.101888921

  10 APEX 1324287.530 580009.290 532847.930 2.283217791 1.088508104

  11 SCMA 932.728 759127.000 560212.000 0.001228685 1.355070937

  12 PT BA 1919954.000 1658696.000 1648149.000 1.157508067 1.0063993

  Sumber : Prospektus perusahaan Data Perusahaan IPO untuk Uji Pertumbuhan Tahun 2003 (Dalam juta Rupiah)

  No Nama Sales T Sales T-1 Sales T-2 Sales T / Sales T-1 Sales T-1 / Sales T-2

  1 ARTI 43600.780 55352.694 57089.449 0.787690297 0.969578354

  2 TMAS 83129.270 50489.759 30287.883 1.646458047 1.666995313

  3 PGAS 3151811.670 2780268.935 2181788.046 1.133635538 1.27430753

  Sumber : Prospektus perusahaan

  Perpustakaan Unika Data Perusahaan IPO untuk Uji Pertumbuhan Tahun 2003 (Dalam juta Rupiah)

  No Nama Asset T Asset T-1 Asset T-2 Asset T / Asset T-1 Asset T-1 / Asset T-2

  1 ARTI 99952.094 62232.373 37842.655 1.606110922 1.644503352

  2 TMAS 159129.778 93127.410 82647.172 1.708731919 1.126806977

  3 PGAS 5770088.390 4314175.388 3334307.845 1.337471909 1.293874348

  Sumber : Prospektus perusahaan Data Perusahaan IPO untuk Uji Pertumbuhan Tahun 2004 (Dalam juta Rupiah)

  No Nama Sales T Sales T-1 Sales T-2 Sales T / Sales T-1 Sales T-1 / Sales T-2

  1 BTEK 5926.340 1034.158 84.922 5.730594358 12.17773957

  2 ENRG 195223.415 171541.688 203847.188 1.138052314 0.841520993

  3 SQMI 35486.778 40374.406 19601.565 0.878942417 2.059754208

  4 AKKU 7774.934 5344.041 1043.384 1.454879182 5.121835297

  5 MAPI 2014108.413 1807435.277 1505418.615 1.114346078 1.200619721

  Sumber : Prospektus perusahaan Data Perusahaan IPO untuk Uji Pertumbuhan Tahun 2004 (Dalam juta Rupiah)

  No Nama Asset T Asset T-1 Asset T-2 Asset T / Asset T-1 Asset T-1 / Asset T-2

  1 BTEK 80184.770 1770.249 1825.309 45.29575783 0.969835244

  2 ENRG 258508.955 437559.935 409010.455 0.590796676 1.069801345

  3 SQMI 92730.400 92824.811 71509.159 0.998982912 1.298082823

  4 AKKU 16141.974 12022.321 11410.973 1.342667027 1.053575449

  5 MAPI 1244984.000 994342.465 920449.253 1.252067616 1.080279507

  Sumber : Prospektus perusahaan

  Perpustakaan Unika Data Perusahaan IPO untuk Uji Pertumbuhan Tahun 2005 (Dalam juta Rupiah)

  No Nama Sales T Sales T-1 Sales T-2 Sales T / Sales T-1 Sales T-1 / Sales T-2

  1 MASA 222405.205 143276.432 108191.045 1.552280455 1.324291045

  2 APOL 845866.695 594146.572 579879.673 1.423666709 1.024603206

  3 EXCL 2590703.653 2228723.078 2138772.839 1.162416129 1.042056939

  4 MICE 159616.054 138499.212 115424.265 1.152469041 1.199914177

  Sumber : Prospektus perusahaan Data Perusahaan IPO untuk Uji Pertumbuhan Tahun 2005 (Dalam juta Rupiah)

  No Nama Asset T Asset T-1 Asset T-2 Asset T / Asset T-1 Asset T-1 / Asset T-2

  1 MASA 794257.026 473174.965 490329.440 1.678569419 0.965014389

  2 APOL 1513768.472 1362788.275 1174644.634 1.110787714 1.16017069

  3 EXCL 6474459.432 5514138.849 4746574.511 1.174156039 1.16170911

  4 MICE 124488.369 113056.775 98557.015 1.101113746 1.147120527

  Sumber : Prospektus perusahaan

  Perpustakaan Unika Data Perusahaan IPO untuk Uji Pertumbuhan Tahun 2006 (Dalam juta Rupiah)

  No Nama Sales T Sales T-1 Sales T-2 Sales T / Sales T-1 Sales T-1 / Sales T-2

  1 BTEL 164300.474 161701.443 168658.996 1.016073023 0.95874781

  2 MAIN 498862.320 437493.767 326780.070 1.140272977 1.338801865

  3 RUIS 545697.778 340056.496 271256.618 1.604726816 1.253633915

  4 IATA 231052.980 203798.110 155961.431 1.133734655 1.306721211

  5 FREN 350708.835 76061.237 27219.433 4.610874722 2.794372572

  6 CPRO 5004875.000 4179832.000 2991877.000 1.197386641 1.397060106

  Sumber : Prospektus perusahaan Data Perusahaan IPO untuk Uji Pertumbuhan Tahun 2006 (Dalam juta Rupiah)

  No Nama Asset T Asset T-1 Asset T-2 Asset T / Asset T-1 Asset T-1 / Asset T-2

  1 BTEL 1526986.558 1051585.812 1107347.630 1.45207984 0.949643801

  2 MAIN 293970.210 239342.330 192720.86 1.228241615 1.241911903

  3 RUIS 193855.808 179967.284 131226.005 1.077172493 1.37143003

  4 IATA 405435.139 436272.557 385059.955 0.929316164 1.132999034

  5 FREN 2365416.999 2035812.497 1573058.470 1.161903173 1.294174715

  6 CPRO 2498007.000 2370497.000 2098944.000 1.053790408 1.12937601

  Sumber : Prospektus perusahaan

  Perpustakaan Unika

LAMPIRAN 4

  Nilai Operating Earning Periode T dan T-1 No Nama earning (OI) earning (OI) Sales Nilai

emiten periode t periode t-1 periode t Earning

  1 FORU 3483.000 2381.000 25554.000 0.043124364

  2 ANTA 7365.730 11047.420 543994.400 -0.006767882

  3 FISH 1295.430 735.040 21820.710 0.025681566

  4 CITA 1558.590 1455.593 18515.210 0.005562832

  5 FPNI 29078.000 45783.816 136495.015 -0.1223914

  6 ABBA -8693.487 -7845.103 35418.208 -0.023953329

  7 JTPE 2872.740 2271.106 28183.110 0.021347325

  8 ATPK 2933.350 4798.728 7241.850 -0.257583076

  9 SUGI 600.777 -515.532 60753.260 0.018374471

  10 APEX 74759.470 -20918.070 590376.070 0.162062023

  11 SCMA 243586.000 203278.000 728.950 55.29597366

  12 PT BA 363998.000 184330.000 2219687.000 0.080942944

  13 ARTI 5829.220 6681.623 43600.780 -0.019550178

  14 TMAS 16051.377 14991.062 83129.270 0.012755014

  15 PGAS 813933.798 724779.954 3151811.670 0.028286539

  16 BTEK 760.881 -455.142 5926.340 0.205189544

  17 ENRG 18805.978 6889.693 195223.415 0.06103922

  18 SQMI 2079.785 -626.199 35486.778 0.076253302

  19 AKKU 411830.000 -1958.631 7774.934 53.22085448

  20 MAPI 122910.038 21216.401 2014108.413 0.050490647

  21 MASA 1583.428 -14373.532 222405.205 0.071747242

  22 APOL 181111.513 89490.793 845866.695 0.108315791

  23 EXCL 662401.018 574777.568 2590703.653 0.033822259

  24 MICE 36081.083 26776.810 159616.054 0.058291586

  Perpustakaan Unika

  25 BTEL -67511.538 -67527.090 164300.474 9.46558E-05

  26 MAIN 61571.359 22454.021 498862.320 0.078413094

  27 RUIS 27953.223 21741.652 545697.778 0.011382804

  28 IATA 51554.908 29442.408 231052.980 0.095703159

  29 FREN -179211.410 -385714.281 350708.835 0.588815708

  30 CPRO 335297.000 142158.000 5004875.000 0.038590175

  Sumber : Prospektus perusahaan Cat : Nilai variabel dihitung dengan rumus : (variabel t - variabel t-1 ) / penjualan t Variabel yang dimaksud adalah earnings, total accrual, dan cash flow. Data diambil dari masing-masing prospektus perusahaan

  Nilai Total Accrual Periode T dan T-1 No Nama Total Accruals Total Accrual Sales Nilai TAC emiten periode t periode t-1 periode t

  1 FORU 3673.163 9421.979 25554.000 -0.224967363

  2 ANTA 30196.325 -30923.978 543994.400 0.112354655

  3 FISH -362.189 3682.596 21820.710 -0.1853645

  4 CITA 2802.191 2127.432 18515.210 0.036443497

  5 FPNI 2892.629 3769.547 136495.015 -0.006424542

  6 ABBA -1497.695 -2880.281 35418.208 0.039036024

  7 JTPE 13143.478 4292.145 28183.110 0.314065162

  8 ATPK 4983.695 -269.681 7241.850 0.725419057

  9 SUGI 17342.495 -4297.234 60753.260 0.356190417

  Perpustakaan Unika

  10 APEX 45405.970 -48118.970 590376.070 0.158415872

  11 SCMA 236291.748 278592.000 728.950 -58.02901708

  12 PT BA 107937.000 -75642.000 2219687.000 0.082704904

  13 ARTI 12014.124 2173.339 43600.780 0.22570204

  14 TMAS -8288.799 -10222.306 83129.270 0.02325904

  15 PGAS 499378.635 47753.902 3151811.670 0.14329052

  16 BTEK 4984.618 299.601 5926.340 0.79054138

  17 ENRG -37576.391 -58814.853 195223.415 0.108790546

  18 SQMI 0.416 -986.352 35486.778 0.027806638

  19 AKKU 411963.833 -2930.486 7774.934 53.36306636

  20 MAPI 122801.566 9476.073 2014108.413 0.056265836

  21 MASA 8426.002 -20843.649 222405.205 0.131605063

  22 APOL -13450.755 -2014.958 845866.695 -0.013519621

  23 EXCL -920766.239 -600178.265 2590703.653 -0.123745521

  24 MICE 17784.777 22264.281 159616.054 -0.028064245

  25 BTEL -9211.454 -85756.547 164300.474 0.465884797

  26 MAIN 39648.779 33362.144 498862.320 0.012601944

  27 RUIS 23497.611 11635.809 545697.778 0.021736944

  28 IATA 3100.415 18388.751 231052.980 -0.066168097

  29 FREN -203060.814 -105670.538 350708.835 -0.277695531

  30 CPRO 100776.000 -46863.000 5004875.000 0.029499038

  Sumber : Prospektus perusahaan Cat : Total accrual merupakan selisih antara earnings (operating income) dan cash flow.

  Perpustakaan Unika Nilai Cash Flow Periode T dan T-1

  No Nama Cash Flow Cash Flow Sales Nilai emiten periode t periode t-1 periode t Cash Flow

  1 FORU -190.163 -7040.979 25554.000 0.268091727

  2 ANTA -22830.595 41971.398 543994.400 -0.11912254

  3 FISH 1657.619 -2947.556 21820.710 0.211046066

  4 CITA -1243.601 -671.839 18515.210 -0.03088067

  5 FPNI 26185.371 42014.269 136495.015 -0.11596686

  6 ABBA -7195.792 -4964.822 35418.208 -0.06298935

  7 JTPE -10270.738 -2021.039 28183.110 -0.29271784

  8 ATPK -2050.345 5068.409 7241.850 -0.98300213

  9 SUGI -16741.718 3781.702 60753.260 -0.33781595

  10 APEX 29353.500 27200.900 590376.070 0.00364615

  11 SCMA 7294.252 -75314.000 728.950 113.3249907

  12 PT BA 256061.000 259972.000 2219687.000 -0.00176196

  13 ARTI -6184.904 4508.284 43600.780 -0.24525222

  14 TMAS 24340.176 25213.368 83129.270 -0.01050403

  15 PGAS 314555.163 677026.052 3151811.670 -0.11500398

  16 BTEK -4223.737 -754.743 5926.340 -0.58535184

  17 ENRG 56382.369 65704.546 195223.415 -0.04775133

  18 SQMI 2079.369 360.153 35486.778 0.048446664

  19 AKKU -133.833 971.855 7774.934 -0.14221188

  20 MAPI 108.472 11740.328 2014108.413 -0.00577519

  21 MASA -6842.574 6470.117 222405.205 -0.05985782

  Perpustakaan Unika

  22 APOL 194562.268 91505.751 845866.695 0.121835412

  23 EXCL 1583167.257 1174955.833 2590703.653 0.15756778

  24 MICE 18296.306 4512.529 159616.054 0.086355831

  25 BTEL -58300.084 18229.457 164300.474 -0.46579014

  26 MAIN 21922.580 -10908.123 498862.320 0.06581115

  27 RUIS 4455.612 10105.843 545697.778 -0.01035414

  28 IATA 48454.493 11053.657 231052.980 0.161871256

  29 FREN 23849.404 -280043.743 350708.835 0.866511239

  30 CPRO 234521.000 189021.000 5004875.000 0.009091136

  Sumber : Prospektus perusahaan Nilai Discretionary Accrual Periode T dan T-1

  Total No Nama Accruals Total Accrual Sales Sales Discretionary emiten periode t periode t-1 periode t periode t-1 Accruals

  1 FORU 3673.163 9421.979 25554.000 51325.000 -0.039833632

  2 ANTA 30196.325 -30923.978 543994.400 908898.410 0.089532102

  3 FISH -362.189 3682.596 21820.710 21761.470 -0.185823922

  Perpustakaan Unika

  4 CITA 2802.191 2127.432 18515.210 27339.311 0.073529493

  5 FPNI 2892.629 3769.547 136495.015 193738.802 0.001735344

  6 ABBA -1497.695 -2880.281 35418.208 32968.507 0.045078599

  7 JTPE 13143.478 4292.145 28183.110 25978.072 0.301138255

  8 ATPK 4983.695 -269.681 7241.850 18199.925 0.702997514

  9 SUGI 17342.495 -4297.234 60753.260 61599.540 0.355218663

  10 APEX 45405.970 -48118.970 590376.070 364909.130 0.208775872

  11 SCMA 236291.748 278592.000 728.950 553845.000 323.6505599

  12 PT BA 107937.000 -75642.000 2219687.000 1708847.000 0.09289206

  13 ARTI 12014.124 2173.339 43600.780 55352.694 0.2362849

  14 TMAS -8288.799 -10222.306 83129.270 50489.759 0.102753206

  15 PGAS 499378.635 47753.902 3151811.670 2780268.935 0.141265774

  16 BTEK 4984.618 299.601 5926.340 1034.158 0.551390268

  17 ENRG -37576.391 -58814.853 195223.415 171541.688 0.150381493

  18 SQMI 0.416 -986.352 35486.778 40374.406 0.024441853

  19 AKKU 411963.833 -2930.486 7774.934 5344.041 53.53451696

  20 MAPI 122801.566 9476.073 2014108.413 1807435.277 0.055727855

  21 MASA 8426.002 -20843.649 222405.205 143276.432 0.183364373

  22 APOL -13450.755 -2014.958 845866.695 594146.572 -0.012510395

  23 EXCL -920766.239 -600178.265 2590703.653 2228723.078 -0.086119207

  24 MICE 17784.777 22264.281 159616.054 138499.212 -0.049331614

  25 BTEL -9211.454 -85756.547 164300.474 161701.443 0.474274103

  26 MAIN 39648.779 33362.144 498862.320 437493.767 0.003220984

  27 RUIS 23497.611 11635.809 545697.778 340056.496 0.00884247

  28 IATA 3100.415 18388.751 231052.980 203798.110 -0.076811601

  29 FREN -203060.814 -105670.538 350708.835 76061.237 0.810281265

  30 CPRO 100776.000 -46863.000 5004875.000 4179832.000 0.031347262

  Sumber : Prospektus perusahaan Cat : Nilai discretionary accrual diukur dengan rumus :

  Perpustakaan Unika DAC pt = (TAC pt / Sales pt ) - (TAC pd / Sales pd )

LAMPIRAN 5

  Nilai Operating Earning Periode T-1 dan T-2 No Nama earning (OI) earning (OI) Sales Nilai

emiten periode t-1 periode t-2 periode t-1 Earning

  1 FORU 2381.000 1628.000 51325.000 0.014671213

  2 ANTA 11047.420 3452.270 908898.410 0.008356434

  3 FISH 735.040 -232.440 21761.470 0.044458394

  4 CITA 1455.593 2337.505 27339.311 -0.032258018

  5 FPNI 45783.816 24661.661 193738.802 0.109023875

  6 ABBA -7845.103 451.314 32968.507 -0.251646731

  7 JTPE 2271.106 1780.610 25978.072 0.018881155

  8 ATPK 4798.728 1123.991 18199.925 0.201909458

  9 SUGI -515.532 434.324 61599.540 -0.015419855

  10 APEX -20918.070 80919.190 364909.130 -0.27907567

  11 SCMA 203278.000 90701.000 553845.000 0.203264451

  12 PT BA 184330.000 400088.000 1708847.000 -0.126259402

  13 ARTI 6681.623 4999.710 55352.694 0.030385386

  Perpustakaan Unika

  14 TMAS 14991.062 9390.955 50489.759 0.110915701

  15 PGAS 724779.954 597363.853 2780268.935 0.045828696

  16 BTEK -455.142 -319.636 1034.158 -0.131030268

  17 ENRG 6889.693 49866.087 171541.688 -0.25053032

  18 SQMI -626.199 -3545.463 40374.406 0.072304816

  19 AKKU -1958.631 -459.299 5344.041 -0.28056147

  20 MAPI 21216.401 57484.631 1807435.277 -0.020066129

  21 MASA -14373.532 -19446.340 143276.432 0.035405739

  22 APOL 89490.793 100644.610 594146.572 -0.018772837

  23 EXCL 574777.568 749294.024 2228723.078 -0.078303338

  24 MICE 26776.810 15698.068 138499.212 0.079991372

  25 BTEL -67527.090 2910.412 161701.443 -0.435602186

  26 MAIN 22454.021 12544.740 437493.767 0.022650108

  27 RUIS 21741.652 26523.211 340056.496 -0.014061072

  28 IATA 29442.408 18730.064 203798.110 0.05256351

  29 FREN -385714.281 -207695.812 76061.237 -2.340462449

  30 CPRO 142158.000 -30399.000 4179832.000 0.041283238

  Sumber : Prospektus perusahaan Cat : Nilai variabel dihitung dengan rumus : (variabel t - variabel t-1 ) / penjualan t Variabel yang dimaksud adalah earnings, total accrual, dan cash flow. Data diambil dari masing-masing prospektus perusahaan

  Nilai Total Accrual Periode T-1 dan T-2

  Perpustakaan Unika No Nama Total Accruals Total Accrual Sales Nilai emiten periode t-1 periode t-2 periode t-1 TAC

  1 FORU 9421.979 2286.689 51325.000 0.139021724

  2 ANTA -30923.978 -17602.510 908898.410 -0.014656718

  3 FISH 3682.596 -526779.100 21761.470 24.37618856

  4 CITA 2127.432 -2647.416 27339.311 0.174651366

  5 FPNI 3769.547 -613.704 193738.802 0.022624539

  6 ABBA -2880.281 451.314 32968.507 -0.101053863

  7 JTPE 4292.145 299.630 25978.072 0.153687887

  8 ATPK -269.681 1842.620 18199.925 -0.116060973

  9 SUGI -4297.234 -826.169 61599.540 -0.056348879

  10 APEX -48118.970 -24254.950 364909.130 -0.065397158

  11 SCMA 278592.000 90701.000 553845.000 0.339248346

  12 PT BA -75642.000 129244.000 1708847.000 -0.119897217

  13 ARTI 2173.339 542.974 55352.694 0.029454122

  14 TMAS -10222.306 -3566.710 50489.759 -0.131820712

  15 PGAS 47753.902 -4914.653 2780268.935 0.018943691

  16 BTEK 299.601 258.306 1034.158 0.039931036

  17 ENRG -58814.853 62989.893 171541.688 -0.710059155

  18 SQMI -986.352 -1846.182 40374.406 0.021296412

  19 AKKU -2930.486 667.357 5344.041 -0.673243899

  20 MAPI 9476.073 -12054.552 1807435.277 0.011912252

  21 MASA -20843.649 -13710.705 143276.432 -0.049784489

  22 APOL -2014.958 38838.619 594146.572 -0.068760099

  23 EXCL -600178.265 -658516.525 2228723.078 0.026175643

  24 MICE 22264.281 16424.802 138499.212 0.042162543

  25 BTEL -85756.547 53442.650 161701.443 -0.860840784

  26 MAIN 33362.144 -34695.273 437493.767 0.155562027

  27 RUIS 11635.809 14185.817 340056.496 -0.007498777

  28 IATA 18388.751 -11536.430 203798.110 0.146837382

  29 FREN -105670.538 -64376.797 76061.237 -0.542901255

  30 CPRO -46863.000 -85259.000 4179832.000 0.009186015

  Sumber : Prospektus perusahaan

  Perpustakaan Unika Cat : Total accrual merupakan selisih antara earnings (operating income) dan cash flow.

  Nilai Cash Flow Periode T-1 dan T-2 No Nama Cash Flow Cash Flow Sales Nilai

emiten periode t-1 periode t-2 periode t-1 Cash Flow

  1 FORU -7040.979 -658.689 51325.000 -0.124350511

  2 ANTA 41971.398 21054.780 908898.410 0.023013153

  3 FISH -2947.556 526546.660 21761.470 -24.33173016

  4 CITA -671.839 4984.921 27339.311 -0.206909384

  5 FPNI 42014.269 25275.365 193738.802 0.086399337

  6 ABBA -4964.822 0.000 32968.507 -0.150592867

  7 JTPE -2021.039 1480.980 25978.072 -0.134806732

  8 ATPK 5068.409 -718.629 18199.925 0.317970431

  9 SUGI 3781.702 1260.493 61599.540 0.040929023

  10 APEX 27200.900 105174.140 364909.130 -0.213678512

  11 SCMA -75314.000 0.000 553845.000 -0.135983894

  12 PT BA 259972.000 270844.000 1708847.000 -0.006362185

  Perpustakaan Unika

  13 ARTI 4508.284 4456.736 55352.694 0.000931265

  14 TMAS 25213.368 12957.665 50489.759 0.242736413

  15 PGAS 677026.052 602278.506 2780268.935 0.026885006

  16 BTEK -754.743 -577.942 1034.158 -0.170961304

  17 ENRG 65704.546 -13123.806 171541.688 0.459528835

  18 SQMI 360.153 -1699.281 40374.406 0.051008404

  19 AKKU 971.855 -1126.656 5344.041 0.392682429

  20 MAPI 11740.328 69539.183 1807435.277 -0.031978382

  21 MASA 6470.117 -5735.635 143276.432 0.085190229

  22 APOL 91505.751 61805.991 594146.572 0.049987261

  23 EXCL 1174955.833 1407810.549 2228723.078 -0.104478981

  24 MICE 4512.529 -726.734 138499.212 0.037828829

  25 BTEL 18229.457 -50532.238 161701.443 0.425238599

  26 MAIN -10908.123 47240.013 437493.767 -0.132911919

  27 RUIS 10105.843 12337.394 340056.496 -0.006562295

  28 IATA 11053.657 30266.494 203798.110 -0.094273872

  29 FREN -280043.743 -143319.015 76061.237 -1.797561194

  30 CPRO 189021.000 54860.000 4179832.000 0.032097223

  Sumber : Prospektus perusahaan

  Perpustakaan Unika Nilai Discretionary Accrual Periode T-1 dan T-2

  Total No Nama Accruals Total Accrual Sales Sales Discretionary

emiten periode t-1 periode t-2 periode t-1 periode t-2 Accruals

  1 FORU 9421.979 2286.689 51325.000 35990.000 0.120038059

  2 ANTA -30923.978 -17602.510 908898.410 795716.910 -0.011902007

  3 FISH 3682.596 -526779.100 21761.470 4775.000 110.4894559

  4 CITA 2127.432 -2647.416 27339.311 24108.987 0.187626198

  5 FPNI 3769.547 -613.704 193738.802 132713.386 0.024081132

  6 ABBA -2880.281 451.314 32968.507 32385.062 -0.101300487

  7 JTPE 4292.145 299.630 25978.072 29233.006 0.15497213

  8 ATPK -269.681 1842.620 18199.925 11289.612 -0.178031456

  9 SUGI -4297.234 -826.169 61599.540 8668.640 0.025544679

  10 APEX -48118.970 -24254.950 364909.130 343479.130 -0.061250125

  11 SCMA 278592.000 90701.000 553845.000 269466.000 0.166419041

  12 PT BA -75642.000 129244.000 1708847.000 1797063.000 -0.116184505

  13 ARTI 2173.339 542.974 55352.694 57089.449 0.029752539

  14 TMAS -10222.306 -3566.710 50489.759 30287.883 -0.084702665

  15 PGAS 47753.902 -4914.653 2780268.935 2181788.046 0.019428581

  16 BTEK 299.601 258.306 1034.158 84.922 -2.751980063

  17 ENRG -58814.853 62989.893 171541.688 203847.188 -0.651865862

  18 SQMI -986.352 -1846.182 40374.406 19601.565 0.069755308

  19 AKKU -2930.486 667.357 5344.041 1043.384 -1.187973415

  20 MAPI 9476.073 -12054.552 1807435.277 1505418.615 0.01325027

  21 MASA -20843.649 -13710.705 143276.432 108191.045 -0.018751759

  22 APOL -2014.958 38838.619 594146.572 579879.673 -0.07036838

  23 EXCL -600178.265 -658516.525 2228723.078 2138772.839 0.038602126

  24 MICE 22264.281 16424.802 138499.212 115424.265 0.01845446

  25 BTEL -85756.547 53442.650 161701.443 168658.996 -0.847206853

  26 MAIN 33362.144 -34695.273 437493.767 326780.070 0.182430577

  Perpustakaan Unika

  27 RUIS 11635.809 14185.817 340056.496 271256.618 -0.018079385

  28 IATA 18388.751 -11536.430 203798.110 155961.431 0.164199996

  29 FREN -105670.538 -64376.797 76061.237 27219.433 0.975821861

  30 CPRO -46863.000 -85259.000 4179832.000 2991877.000 0.017285132

  Sumber : Prospektus perusahaan Cat : Nilai discretionary accrual diukur dengan rumus : DAC = (TAC / Sales ) - (TAC / Sales ) pt pt pt pd pd

  

LAMPIRAN 6

Data perbandingan Discretionary Accrual

  Total Total Total No Nama Accruals Accrual Sales Sales DAC Accrual Sales DAC emiten periode t periode t-1 periode t periode t-1 T vs T-1 periode t-2 periode t-2 T-1 vs T-2

  1 FORU 3673.163 9421.979 25554 51325 -0.03983363 2286.689 35990 0.120038059

  2 ANTA 30196.325 -30923.978 543994.4 908898.41 0.089532102 -17602.51 795716.91 -0.01190201

  3 FISH -362.189 3682.596 21820.71 21761.47 -0.18582392 -526779.1 4775 110.4894559

  4 CITA 2802.191 2127.432 18515.21 27339.311 0.073529493 -2647.416 24108.987 0.187626198

  5 FPNI 2892.629 3769.547 136495.015 193738.802 0.001735344 -613.704 132713.386 0.024081132

  6 ABBA -1497.695 -2880.281 35418.208 32968.507 0.045078599 451.314 32385.062 -0.10130049

  7 JTPE 13143.478 4292.145 28183.11 25978.072 0.301138255 299.63 29233.006 0.15497213

  Perpustakaan Unika

  8 ATPK 4983.695 -269.681 7241.85 18199.925 0.702997514 1842.62 11289.612 -0.17803146

  9 SUGI 17342.495 -4297.234 60753.26 61599.54 0.355218663 -826.169 8668.64 0.025544679

  10 APEX 45405.97 -48118.97 590376.07 364909.13 0.208775872 -24254.95 343479.13 -0.06125013

  11 SCMA 236291.748 278592 728.95 553845 323.6505599 90701 269466 0.166419041

  12 PT BA 107937 -75642 2219687 1708847 0.09289206 129244 1797063 -0.11618451

  13 ARTI 12014.124 2173.339 43600.78 55352.694 0.2362849 542.974 57089.449 0.029752539

  14 TMAS -8288.799 -10222.306 83129.27 50489.759 0.102753206 -3566.71 30287.883 -0.08470267

  15 PGAS 499378.635 47753.902 3151811.67 2780268.94 0.141265774 -4914.653 2181788.046 0.019428581

  16 BTEK 4984.618 299.601 5926.34 1034.158 0.551390268 258.306 84.922 -2.75198006

  17 ENRG -37576.391 -58814.853 195223.415 171541.688 0.150381493 62989.893 203847.188 -0.65186586

  18 SQMI 0.416 -986.352 35486.778 40374.406 0.024441853 -1846.182 19601.565 0.069755308

  19 AKKU 411963.833 -2930.486 7774.934 5344.041 53.53451696 667.357 1043.384 -1.18797342

  20 MAPI 122801.566 9476.073 2014108.41 1807435.28 0.055727855 -12054.552 1505418.615 0.01325027

  21 MASA 8426.002 -20843.649 222405.205 143276.432 0.183364373 -13710.705 108191.045 -0.01875176

  22 APOL -13450.755 -2014.958 845866.695 594146.572 -0.0125104 38838.619 579879.673 -0.07036838

• 23 EXCL 920766.239 -600178.27 2590703.65 2228723.08 -0.08611921 -658516.525 2138772.839 0.038602126

  24 MICE 17784.777 22264.281 159616.054 138499.212 -0.04933161 16424.802 115424.265 0.01845446

  25 BTEL -9211.454 -85756.547 164300.474 161701.443 0.474274103 53442.65 168658.996 -0.84720685

  26 MAIN 39648.779 33362.144 498862.32 437493.767 0.003220984 -34695.273 326780.07 0.182430577

  27 RUIS 23497.611 11635.809 545697.778 340056.496 0.00884247 14185.817 271256.618 -0.01807939

  28 IATA 3100.415 18388.751 231052.98 203798.11 -0.0768116 -11536.43 155961.431 0.164199996

• 29 FREN 203060.814 -105670.54 350708.835 76061.237 0.810281265 -64376.797 27219.433 0.975821861

  30 CPRO 100776 -46863 5004875 4179832 0.031347262 -85259 2991877 0.017285132

  Perpustakaan Unika

LAMPIRAN 7

Gambaran Umum Objek Penelitian

No Nama Perusahaan Kode Tanggal listing Bidang Usaha Tahun 2002

  1 PT Fortune Indonesia Tbk FORU 17 - 01 - 2002 Marketing communication service

  2 PT ANTA Express Tour & Travel ANTA 18 – 01 - 2002 Tour and Travel Service Service Tbk

  3 PT Fishindo Kusuma Sejahtera FISH 18 - 01 - 2002 Production of Fish Meal, Fish Oil, Feather Meal and Trading of Material Animal Feed

  4 PT Cipta Panelutama Tbk CITA 20 - 03 - 2002 Furniture Industry

  5 PT Fatrapalindo Nusa Industri FPNI 21 - 03 - 2002 Plastic Industry

  6 PT Abdi Bangsa Tbk ABBA 03 - 04 - 2002 Newspaper Publishing

  7 PT Jasuindo Tiga Perkasa Tbk JTPE 16 - 03 - 2002 Integrated Commercial

  8 PT Anugerah Tambak Perkasindo ATPK 17 - 03 - 2002 Shrimp Embankment Tbk Cultivation.

  9 PT Sugi Samapersada Tbk SUGI 19 - 06 - 2002 Automotive Sparepart Distributor and Agent

  10 PT Apexindo Pratama Duta Tbk APEX 10 - 07 - 2002 Oil and Gas Drilling Service

  11 PT Surya Citra Media Tbk SCMA 16 - 07 - 2002 Multimedia Services

  12 PT Tambang Batubara Bukit PTBA 23 - 12 - 2002 Coal Mining Industry Asam Tbk

Tahun 2003

  13 PT Arona Binasejati Tbk ARTI 30 - 04 - 2003 Wooden Furniture

  14 PT Pelayaran Tempuran Mas Tbk TMAS 09 - 07 - 2003 Shipping Company

  15 PT Perusahaan Gas Negara Tbk PGAS 15 - 12 - 2003 Planning Building, Managing and Developing Downstream Business of Natural Gas

Tahun 2004

  16 PT Bioteknologi Holtikultura Tbk BTEK 14 - 05 - 2004 Development of Biotechnology

  17 PT Energi Mega Persada Tbk ENRG 07 - 06 - 2004 Onshore and Offshore Exploration and Production Petroleum and Natural Gas.

  18 PT Sanex Qianjiang Motor Tbk SQMI 15 - 07 - 2004 Motorcycle Assembly Part

  19 PT Aneka Kemasindo Utama Tbk AKKU 01 - 11 - 2004 Plastic Packaging Industry

  20 PT Mitra Adiperkasa Tbk MAPI 10 - 11 - 2004 Retail Trade, Cafe, Restaurant, Agent and / or Distributor

Tahun 2005

  21 PT Multistrada Arah Sarana Tbk MASA 09 - 06 - 2005 Tire Manufacturing

  22 PT Arpeni Pratama Ocean Line Tbk APOL 22 - 06 - 2005 Dockhand and Shipping Company, Domestic and

  International

  23 PT Excelcomindo Pratama Tbk EXCL 29 - 09 - 2005 Telecommunication Service

  24 PT Multi Indocitra Tbk MICE 21 - 12 - 2005 General trading and Distribution of Beauty and Healthy Product, and Products for Baby, Kids and Pregnant

Tahun 2006

  25 PT Bakrie Telecom Tbk BTEL 03 - 02 - 2006 Telecommunication Infrastructure and Service

  26 PT Malindo Feedmill Tbk MAIN 10 - 02 - 2006 Production and Selling Feedmill, Breeding and Perpustakaan Unika

  Distributions Day-old Chicks, Investment on Subsidiaries.

  27 PT Radiant Utama Interinsco Tbk RUIS 12 - 06 - 2006 Offshore Eksploration and production Oil and Gas, inspection and Sertification

  28 PT Indonesia Air Transport Tbk

  IATA 13 - 09 - 2006 Air Charter and Helicopter Services

  29 PT Central Protein Prima CPRO 28 - 11 - 2006 Budidaya Udang Terintegrasi meliputi Benur Udang, Pakan Udang, Tambak Udang, Produk Udang Beku, Pakan Ikan, Pakan

  Ayam, Unggas DOC

  Perpustakaan Unika