Analisis Manajemen Laba dan Kinerja Keuangan Perusahaan Bidder Sebelum dan Sesudah Melakukan Merger dan Akuisisi: Studi Empiris di Bursa Efek Indonesia - Unika Repository
LAMPIRAN
A. Perhitungan Discretionary Accruals (t-2) No Kode Saham
14 INPC 4,285,602,563 47,020,721,991 -42,735,119,428 528,859,713,101 -0.08080615 0.0000000000018909 -25,946,564,526
25 BBRI 3,808,587,000,000 11,742,554,000,000 -7,933,967,000,000 107,040,172,000,000 -0.07412140 0.0000000000000093 1,722,892,000,000
24 TRST 16,429,273,408 -27,804,714,372 44,233,987,780 1,911,757,250,753 0.02313787 0.0000000000005231 177,585,553,580
23 UNTR 1,050,729,000,000 997,022,000,000 53,707,000,000 6,769,637,000,000 0.00793351 0.0000000000001477 4,385,269,000,000
22 SMSM 65,736,914,403 153,723,622,176 -87,986,707,773 650,930,144,026 -0.13517074 0.0000000000015363 130,568,967,336
21 MITI -81,780,435,317 -934,677,650 -80,845,757,667 212,307,691,774 -0.38079524 0.0000000000047101 -528,468,110
20 AALI 800,764,000,000 1,290,850,000,000 -490,086,000,000 2,844,684,000,000 -0.17228135 0.0000000000003515 929,367,000,000
19 ASII 5,405,506,000,000 3,224,415,000,000 2,181,091,000,000 27,404,308,000,000 0.07958935 0.0000000000000365 13,410,955,000,000
18 TOTO 25,878,619,226 46,138,451,257 -20,259,832,031 554,920,326,247 -0.03650944 0.0000000000018021 101,034,208,909
17 ADES -148,331,000,000 -16,384,000,000 -131,947,000,000 192,043,000,000 -0.68707008 0.0000000000052072 -43,382,000,000
16 META -4,223,584,874 -19,022,945,693 14,799,360,819 67,771,116,668 0.21837269 0.0000000000147555 2,803,248,083
15 SRSN -40,862,491,000 12,847,723,000 -53,710,214,000 165,739,635,000 -0.32406379 0.0000000000060336 -47,895,167,000
NI CF TACit TAi,t-1 TAC/TA(t-1) 1/TA(t-1)
∆Rev(i,t)1 INTP 521,108,394,715 875,056,090,436 -353,947,695,721 9,640,676,000,000 -0.03671399 0.0000000000001037 169,084,257,437
12 BDMN 948,402,000,000 -12,729,906,000,000 13,678,308,000,000 52,680,346,000,000 0.25964727 0.0000000000000190 -146,142,000,000
11 BCIC -624,803,000,000 -674,728,000,000 49,925,000,000 10,503,899,000,000 0.00475300 0.0000000000000952 -246,030,000,000
10 LPKR 74,819,007,800 487,898,919,044 -413,079,911,244 1,290,188,799,531 -0.32017013 0.0000000000007751 16,966,256,964
9 CPIN -131,476,000,000 235,522,000,000 -366,998,000,000 2,046,331,000,000 -0.17934440 0.0000000000004887 397,175,000,000
8 UNVR 978,249,000,000 1,142,908,000,000 -164,659,000,000 2,681,430,000,000 -0.06140716 0.0000000000003729 1,002,570,000,000
7 IGAR 8,030,357,830 17,492,396,076 -9,462,038,246 228,644,661,484 -0.04138316 0.0000000000043736 40,032,796,370
6 IMAS -302,826,826,791 -843,544,781,833 540,717,955,042 2,904,017,585,136 0.18619652 0.0000000000003444 3,055,321,263,479
5 TIRT 12,854,457,331 23,097,883,039 -10,243,425,708 182,177,525,846 -0.05622771 0.0000000000054892 54,313,963,070
4 BNLI -1,080,362,733,762 172,262,683,449 -1,252,625,417,211 6,426,508,641,920 -0.19491539 0.0000000000001556 -589,863,890,047
3 ISAT 1,379,341,000,000 1,241,520,000,000 137,821,000,000 4,879,041,000,000 0.02824756 0.0000000000002050 630,568,000,000
2 STTP 29,271,142,656 21,175,575,022 8,095,567,634 159,002,314,641 0.05091478 0.0000000000062892 77,515,217,557
13 KLBF 322,884,550,887 507,168,022,365 -184,283,471,478 2,015,537,544,182 -0.09143143 0.0000000000004961 327,406,814,433
26 BNII 725,118,000,000 2,433,985,000,000 -1,708,867,000,000 36,077,143,000,000 -0.04736703 0.0000000000000277 1,691,075,000,000
36 RMBA 242,916,734,144 -552,085,102,941 795,001,837,085 2,347,941,632,229 0.33859523 0.0000000000004259 1,589,492,702,595
43 BMRI 5,312,821,000,000 521,717,000,000 4,791,104,000,000 319,085,590,000,000 0.01501511 0.0000000000000031 3,407,688,000,000
42 JPFA 180,864,000,000 17,581,000,000 163,283,000,000 2,186,308,000,000 0.07468435 0.0000000000004574 1,501,950,000,000
41 BMSR 2,402,046,614 68,325,242,330 -65,923,195,716 206,456,311,023 -0.31930821 0.0000000000048436 115,529,260,000
40 INDY 264,208,244,000 291,050,484,000 -26,842,240,000 3,002,419,000,000 -0.00894020 0.0000000000003331 1,148,423,514,000
39 AKRA 191,208,244,000 220,443,195,000 -29,234,951,000 2,377,340,147,000 -0.01229734 0.0000000000004206 1,924,427,636,000
38 ASIA -8,581,427,477 226,414,157 -8,807,841,634 67,647,326,356,000 -0.00013020 0.0000000000000148 -7,872,372,000,000
37 ANTM 5,118,987,734,000 6,182,805,905,000 -1,063,818,171,000 7,292,142,247,000 -0.14588555 0.0000000000001371 6,378,801,060,000
35 SULI -53,109,407,142 -69,476,876,807 16,367,469,665 1,242,449,310,028 0.01317355 0.0000000000008049 -125,111,602,446
27 BVIC 20,137,438,000 75,350,878,000 -55,213,440,000 7,850,751,000,000 -0.00703289 0.0000000000001274 -387,263,135,000
34 TLKM 11,005,577,000,000 26,695,188,000,000 -15,689,611,000,000 62,171,044,000,000 -0.25236203 0.0000000000000161 9,486,824,000,000
33 BRPT 7,191,000,000 -244,015,000,000 251,206,000,000 1,005,516,456,282 0.24982784 0.0000000000009945 -352,575,389,248
32 KARK -287,104,607 589,586,548 -876,691,155 75,431,657,390 -0.01162232 0.0000000000132570 -9,467,658,659
31 MCOR 2,110,000,000 -44,197,000,000 46,307,000,000 665,401,000,000 0.06959262 0.0000000000015029 23,388,000,000
30 BNGA 647,732,000,000 1,463,974,000,000 -816,242,000,000 41,579,861,000,000 -0.01963071 0.0000000000000241 1,608,359,000,000
29 INDF 661,210,000,000 1,542,143,000,000 -880,933,000,000 14,786,084,000,000 -0.05957852 0.0000000000000676 3,176,908,000,000
28 FREN -286,700,181,634 23,849,404,467 -310,549,586,101 2,035,812,000,000 -0.15254335 0.0000000000004912 274,647,835,675
44 INPP 1,764,584,479 272,773,342 1,491,811,137 114,164,176,431 0.01306724 0.0000000000087593 3,939,972,585
No Kode Saham ∆Recit (∆Rev (i,t) - ∆Rec (i,t))/TA (t-1) PPE PPE/TA(t-1) αi 1i 2i NDTA DTA
15 SRSN -29,934,250,000 -0.10836827 49,244,134,000 0.29711743 -0.063 0.101 -0.008 -0.01332213 -0.31074165
27 BVIC -1,257,490,750,000 0.11084642 23,373,620,000 0.00297725 -0.063 0.101 -0.008 0.01117167 -0.01820456
26 BNII 10,003,504,000,000 -0.23040708 831,865,000,000 0.02305795 -0.063 0.101 -0.008 -0.02345558 -0.02391145
25 BBRI 13,049,056,000,000 -0.10581227 1,929,270,000,000 0.01802379 -0.063 0.101 -0.008 -0.01083123 -0.06329017
24 TRST 90,378,054,267 0.04561641 1,413,514,322,172 0.73937961 -0.063 0.101 -0.008 -0.00130778 0.02444565
23 UNTR 957,716,000,000 0.50631267 4,307,775,000,000 0.63633766 -0.063 0.101 -0.008 0.04604688 -0.03811337
22 SMSM 8,381,597,605 0.18771195 246,070,736,034 0.37802941 -0.063 0.101 -0.008 0.01593467 -0.15110541
21 MITI -42,960,623,375 0.19986160 635,112,888 0.00299147 -0.063 0.101 -0.008 0.02016209 -0.40095733
20 AALI -14,195,000,000 0.33169308 1,063,592,000,000 0.37388757 -0.063 0.101 -0.008 0.03050990 -0.20279125
19 ASII 2,059,347,000,000 0.41422714 8,548,140,000,000 0.31192687 -0.063 0.101 -0.008 0.03934153 0.04024782
18 TOTO 22,150,271,958 0.14215363 359,201,076,437 0.64730207 -0.063 0.101 -0.008 0.00917910 -0.04568854
17 ADES -3,126,000,000 -0.20961972 75,701,000,000 0.39418776 -0.063 0.101 -0.008 -0.02432509 -0.66274499
16 META 12,110,549,405 -0.13733434 52,633,361,357 0.77663412 -0.063 0.101 -0.008 -0.02008384 0.23845653
14 INPC -60,971,479,662 0.06622723 215,264,446 0.00040704 -0.063 0.101 -0.008 0.00668569 -0.08749185
1 INTP -27,308,126,897 0.02037123 7,051,851,348,939 0.73146856 -0.063 0.101 -0.008 -0.00379425 -0.03291974
13 KLBF 110,146,721,019 0.10779263 520,374,422,304 0.25818146 -0.063 0.101 -0.008 0.00882160 -0.10025303
12 BDMN 6,861,136,000,000 -0.13301503 666,385,000,000 0.01264959 -0.063 0.101 -0.008 -0.01353572 0.27318298
11 BCIC -2,503,787,000,000 0.21494466 38,829,000,000 0.00369663 -0.063 0.101 -0.008 0.02167984 -0.01692684
10 LPKR 22,791,984,564 -0.00451541 255,213,235,280 0.19781077 -0.063 0.101 -0.008 -0.00203854 -0.31813158
9 CPIN 43,446,000,000 0.17286011 697,251,000,000 0.34073227 -0.063 0.101 -0.008 0.01473301 -0.19407741
8 UNVR -31,640,000,000 0.38569345 745,295,000,000 0.27794684 -0.063 0.101 -0.008 0.03673146 -0.09813862
7 IGAR 7,276,715,611 0.14326195 89,993,059,557 0.39359353 -0.063 0.101 -0.008 0.01132071 -0.05270387
6 IMAS 465,311,731,529 0.89187116 716,814,367,569 0.24683541 -0.063 0.101 -0.008 0.08810430 0.09809221
5 TIRT 13,000,333,526 0.22677676 112,334,214,219 0.61661950 -0.063 0.101 -0.008 0.01797150 -0.07419921
4 BNLI -358,455,888,389 -0.03600835 631,994,447,280 0.09834180 -0.063 0.101 -0.008 -0.00442358 -0.19049181
3 ISAT 103,307,000,000 0.10806652 1,333,501,000,000 0.27331211 -0.063 0.101 -0.008 0.00872822 0.01951934
2 STTP 14,082,085,114 0.39894471 116,521,162,208 0.73282683 -0.063 0.101 -0.008 0.03443080 0.01648398
28 FREN 4,123,495,320 0.13288277 1,634,600,657,146 0.80292319 -0.063 0.101 -0.008 0.00699777 -0.15954113
29 INDF -35,407,000,000 0.21725259 6,463,898,000,000 0.43716091 -0.063 0.101 -0.008 0.01844522 -0.07802374
30 BNGA 3,715,308,000,000 -0.05067234 462,239,000,000 0.01111690 -0.063 0.101 -0.008 -0.00520684 -0.01442386
31 MCOR 4,825,000,000 0.02789746 21,831,000,000 0.03280879 -0.063 0.101 -0.008 0.00255517 0.06703745
32 KARK -8,091,057,511 -0.01824965 371,432,770 0.00492410 -0.063 0.101 -0.008 -0.00188261 -0.00973972
33 BRPT -37,213,255,520 -0.31363200 236,096,000,000 0.23480073 -0.063 0.101 -0.008 -0.03355524 0.28338307
34 TLKM 133,856,000,000 0.15043929 54,267,060,000,000 0.87286712 -0.063 0.101 -0.008 0.00821143 -0.26057346
35 SULI 47,123,420,979 -0.13862539 910,952,545,352 0.73319091 -0.063 0.101 -0.008 -0.01986669 0.03304024
36 RMBA 64,305,913,375 0.64958463 615,954,126,321 0.26233792 -0.063 0.101 -0.008 0.06350934 0.27508589
37 ANTM 782,037,971,000 0.76750602 3,022,621,934,000 0.41450397 -0.063 0.101 -0.008 0.07420208 -0.22008762
38 ASIA -10,941,511,545,971 0.04536971 6,158,838,536 0.00009104 -0.063 0.101 -0.008 0.00458161 -0.00471181
39 AKRA 358,477,864,000 0.65869824 1,324,255,019,000 0.55703220 -0.063 0.101 -0.008 0.06207226 -0.07436960
40 INDY 169,676,377,000 0.32598619 60,425,909,000 0.02012574 -0.063 0.101 -0.008 0.03276360 -0.04170380
41 BMSR 22,576,786,173 0.45022830 4,171,000,000 0.02020282 -0.063 0.101 -0.008 0.04531144 -0.36461965
42 JPFA -66,135,000,000 0.71722969 1,401,288,000,000 0.64093806 -0.063 0.101 -0.008 0.06731269 0.00737166
43 BMRI 35,792,282,000,000 -0.10149187 4,603,560,000,000 0.01442735 -0.063 0.101 -0.008 -0.01036610 0.02538120
44 INPP 144,091,612 0.03324932 26,253,816,665 0.22996545 -0.063 0.101 -0.008 0.00151846 0.01154879
B. Perhitungan Discretionary Accruals (t-1) No Kode Saham
14 INPC 81,422,556,760 249,517,459,985 -168,094,903,225 457,106,693,757 -0.36773669 0.0000000000021877 -7,785,519,045
25 BBRI 4,257,572,000,000 13,964,318,000,000 -9,706,746,000,000 122,775,579,000,000 -0.07906089 0.0000000000000081 3,816,825,000,000
24 TRST 25,942,389,458 149,346,158,480 -123,403,769,022 2,104,464,207,467 -0.05863904 0.0000000000004752 126,377,319,258
23 UNTR 930,372,000,000 1,721,743,000,000 -791,371,000,000 10,633,839,000,000 -0.07442007 0.0000000000000940 438,321,000,000
22 SMSM 66,174,829,417 74,242,454,642 -8,067,625,225 663,138,307,944 -0.01216583 0.0000000000015080 19,585,197,725
21 MITI -7,689,751,711 -243,480,617 -7,446,271,094 88,458,513,181 -0.08417812 0.0000000000113047 -307,676,356
20 AALI 790,410,000,000 799,515,000,000 -9,105,000,000 3,382,821,000,000 -0.00269154 0.0000000000002956 -101,588,000,000
19 ASII 5,457,285,000,000 2,482,997,000,000 2,974,288,000,000 39,145,053,000,000 0.07598120 0.0000000000000255 16,248,405,000,000
18 TOTO 62,884,231,950 45,675,277,564 17,208,954,386 708,560,696,430 0.02428720 0.0000000000014113 143,009,036,548
17 ADES -119,256,000,000 -132,642,000,000 13,386,000,000 102,977,000,000 0.12999019 0.0000000000097109 18,197,000,000
16 META -230,166,132 614,967,258 -845,133,390 83,713,927,503 -0.01009549 0.0000000000119454 38,109,603,445
15 SRSN -58,251,034,000 -5,864,433,000 -52,386,601,000 138,863,648,000 -0.37725209 0.0000000000072013 -39,832,171,000
NI CF TACit TAi,t-1 TAC/TA(t-1) 1/TA(t-1)
∆Rev(i,t)1 INTP -877,775,008,767 958,301,973,132 -1,836,076,981,899 9,859,534,121,630 -0.18622350 0.0000000000001014 689,007,051,771
12 BDMN 1,959,576,000,000 6,395,091,000,000 -4,435,515,000,000 46,911,346,000,000 -0.09455101 0.0000000000000213 -595,442,000,000
11 BCIC 10,825,000,000 -310,097,000,000 320,922,000,000 7,179,148,000,000 0.04470196 0.0000000000001393 -69,202,000,000
10 LPKR 164,501,510,909 -166,436,893,231 330,938,404,140 1,641,528,552,213 0.20160381 0.0000000000006092 310,493,078,426
9 CPIN -21,814,000,000 -282,902,000,000 261,088,000,000 2,087,116,000,000 0.12509511 0.0000000000004791 388,391,000,000
8 UNVR 1,296,711,000,000 1,260,848,000,000 35,863,000,000 3,091,853,000,000 0.01159919 0.0000000000003234 1,148,444,000,000
7 IGAR 18,515,975,374 44,586,866,377 -26,070,891,003 250,480,872,887 -0.10408336 0.0000000000039923 61,175,406,819
6 IMAS -52,381,322,426 -54,420,930,141 2,039,607,715 3,531,134,922,260 0.00057761 0.0000000000002832 2,429,561,991,894
5 TIRT 10,490,151,387 10,170,156,116 319,995,271 283,533,588,363 0.00112860 0.0000000000035269 63,463,951,948
4 BNLI 216,124,932,967 2,697,754,197,734 -2,481,629,264,767 11,960,001,686,405 -0.20749406 0.0000000000000836 655,694,488,724
3 ISAT 1,804,947,000,000 1,313,332,000,000 491,615,000,000 5,755,420,000,000 0.08541775 0.0000000000001737 107,307,000,000
2 STTP 33,018,764,234 8,064,988,763 24,953,775,471 2,308,391,092,925 0.01081003 0.0000000000004332 139,586,646,446
13 KLBF 372,335,218,425 425,072,527,199 -52,737,308,774 2,448,390,202,890 -0.02153958 0.0000000000004084 523,888,087,369
26 BNII 663,710,000,000 -57,588,000,000 721,298,000,000 50,271,022,000,000 0.01434819 0.0000000000000199 1,556,239,000,000
36 RMBA 239,137,880,999 -55,097,907,586 294,235,788,585 3,859,160,327,022 0.07624347 0.0000000000002591 1,354,794,400,972
43 BMRI 7,155,464,000,000 12,360,087,000,000 -5,204,623,000,000 358,438,678,000,000 -0.01452026 0.0000000000000028 5,262,727,000,000
42 JPFA 305,164,000,000 2,869,000,000 302,295,000,000 4,043,497,000,000 0.07476078 0.0000000000002473 4,762,366,000,000
41 BMSR -26,984,908,888 -796,065,702 -26,188,843,186 188,287,312,651 -0.13908979 0.0000000000053110 -96,178,087,020
40 INDY 1,084,764,077,000 -234,998,714,000 1,319,762,791,000 5,009,974,528,000 0.26342705 0.0000000000001996 -22,512,632,000
39 AKRA 210,032,685,000 443,527,060,000 -233,494,375,000 3,497,591,029,000 -0.06675863 0.0000000000002859 3,577,777,901,000
38 ASIA 7,387,169,371 4,618,946,485 2,768,222,886 69,847,283,562 0.03963251 0.0000000000143169 100,986,102,853
37 ANTM 1,368,139,165,000 3,059,017,263,000 -1,690,878,098,000 12,043,690,940,000 -0.14039534 0.0000000000000830 -2,416,221,360,000
35 SULI 27,604,122,104 -66,752,440,537 94,356,562,641 1,520,602,499,553 0.06205209 0.0000000000006576 369,897,906,491
27 BVIC 30,051,480,000 -68,956,553,000 99,008,033,000 2,112,004,691,000 0.04687870 0.0000000000004735 254,326,287,000
34 TLKM 12,587,018,000,000 27,727,272,000,000 -15,140,254,000,000 75,135,745,000,000 -0.20150534 0.0000000000000133 8,146,003,000,000
33 BRPT 44,533,000,000 -54,786,000,000 99,319,000,000 1,739,140,000,000 0.05710811 0.0000000000005750 -128,605,000,000
32 KARK 2,651,204,352 -4,064,956,825 6,716,161,177 72,778,611,050 0.09228207 0.0000000000137403 64,777,202,337
31 MCOR 11,239,000,000 1,328,000,000 9,911,000,000 1,028,855,000,000 0.00963304 0.0000000000009720 20,079,000,000
30 BNGA 770,481,000,000 -1,071,176,000,000 1,841,657,000,000 46,544,346,000,000 0.03956779 0.0000000000000215 -268,218,000,000
29 INDF 980,357,000,000 2,502,001,000,000 -1,521,644,000,000 16,267,483,000,000 -0.09353899 0.0000000000000615 5,916,746,000,000
28 FREN 35,156,501,547 84,609,074,566 -49,452,573,019 2,365,416,999,299 -0.02090649 0.0000000000004228 237,932,520,716
44 INPP 3,610,791,486 -2,389,688,528 6,000,480,014 116,905,657,390 0.05132754 0.0000000000085539 3,140,158,597
No Kode Saham ∆Recit (∆Rev (i,t) - ∆Rec (i,t))/TA (t-1) PPE PPE/TA (t-1) αi 1i 2i NDTA DTA
15 SRSN 14,595,562,000 -0.39195091 45,763,154,000 0.32955460 -0.035 0.076 0.022 -0.02253807 -0.35471402
27 BVIC 363,754,576,000 -0.05181252 43,066,931,000 0.02039149 -0.035 0.076 0.022 -0.00348914 0.05036784
26 BNII 2,812,465,000,000 -0.02498907 803,593,000,000 0.01598521 -0.035 0.076 0.022 -0.00154749 0.01589568
25 BBRI 13,309,242,000,000 -0.07731519 1,821,978,000,000 0.01483991 -0.035 0.076 0.022 -0.00554948 -0.07351141
24 TRST -35,517,688,947 0.07692932 1,422,393,495,188 0.67589341 -0.035 0.076 0.022 0.02071628 -0.07935533
23 UNTR -349,115,000,000 0.07405002 5,191,454,000,000 0.48820130 -0.035 0.076 0.022 0.01636823 -0.09078830
22 SMSM 34,748,085,406 -0.02286535 259,035,443,033 0.39062054 -0.035 0.076 0.022 0.00685589 -0.01902171
21 MITI -777,794,557 0.00531456 254,738,970 0.00287976 -0.035 0.076 0.022 0.00046726 -0.08464538
20 AALI 30,236,000,000 -0.03896866 1,294,715,000,000 0.38273234 -0.035 0.076 0.022 0.00545849 -0.00815003
19 ASII 1,773,830,000,000 0.36976767 11,495,558,000,000 0.29366566 -0.035 0.076 0.022 0.03456299 0.04141821
18 TOTO 28,672,517,040 0.16136447 468,247,962,134 0.66084383 -0.035 0.076 0.022 0.02680226 -0.00251507
17 ADES 10,844,000,000 0.07140429 147,330,000,000 1.43070783 -0.035 0.076 0.022 0.03690230 0.09308789
16 META 5,353,071,291 0.39129131 47,820,005,704 0.57123118 -0.035 0.076 0.022 0.04230523 -0.05240072
14 INPC -104,400,680,968 0.21136239 162,584,996 0.00035568 -0.035 0.076 0.022 0.01607137 -0.38380806
1 INTP 101,006,174,429 0.05963780 8,691,187,573,331 0.88150084 -0.035 0.076 0.022 0.02392549 -0.21014899
13 KLBF 69,707,203,423 0.18550184 557,746,593,568 0.22780135 -0.035 0.076 0.022 0.01910977 -0.04064935
12 BDMN 1,884,254,000,000 -0.05285920 615,353,000,000 0.01311736 -0.035 0.076 0.022 -0.00372872 -0.09082229
11 BCIC 149,562,000,000 -0.03047214 18,343,000,000 0.00255504 -0.035 0.076 0.022 -0.00225967 0.04696163
10 LPKR 88,845,345,164 0.13502521 245,095,731,677 0.14930945 -0.035 0.076 0.022 0.01354672 0.18805708
9 CPIN 219,927,000,000 0.08071617 820,816,000,000 0.39327761 -0.035 0.076 0.022 0.01478654 0.11030857
8 UNVR 186,332,000,000 0.31117650 876,480,000,000 0.28348049 -0.035 0.076 0.022 0.02988598 -0.01828679
7 IGAR -133,310,261 0.24476407 79,806,917,202 0.31861482 -0.035 0.076 0.022 0.02561160 -0.12969496
6 IMAS 129,617,201,143 0.65133303 750,074,922,586 0.21241752 -0.035 0.076 0.022 0.05417450 -0.05359689
5 TIRT -1,880,955,349 0.23046620 153,507,292,191 0.54140779 -0.035 0.076 0.022 0.02942640 -0.02829780
4 BNLI 1,062,165,563,908 -0.03398587 535,313,156,543 0.04475862 -0.035 0.076 0.022 -0.00159824 -0.20589582
3 ISAT 305,135,000,000 -0.03437247 1,338,215,000,000 0.23251387 -0.035 0.076 0.022 0.00250300 0.08291475
2 STTP 13,339,658,253 0.05469047 160,753,235,631 0.06963865 -0.035 0.076 0.022 0.00568853 0.00512150
28 FREN 26,207,772,375 0.08950842 1,452,416,098,962 0.61402116 -0.035 0.076 0.022 0.02031111 -0.04121760
29 INDF 698,822,000,000 0.32075792 8,079,455,000,000 0.49666288 -0.035 0.076 0.022 0.03530419 -0.12884318
30 BNGA 8,191,559,000,000 -0.18175735 444,415,000,000 0.00954821 -0.035 0.076 0.022 -0.01360350 0.05317129
31 MCOR 171,021,000,000 -0.14670872 21,814,000,000 0.02120221 -0.035 0.076 0.022 -0.01068341 0.02031645
32 KARK 40,151,136,966 0.33836954 792,626,075 0.01089092 -0.035 0.076 0.022 0.02595569 0.06632639
33 BRPT 1,145,946,000,000 -0.73286279 10,058,108,000,000 5.78338029 -0.035 0.076 0.022 0.07153679 -0.01442868
34 TLKM -353,016,000,000 0.11311552 60,463,892,000,000 0.80472872 -0.035 0.076 0.022 0.02630081 -0.22780615
35 SULI 19,497,416,950 0.23043530 1,148,399,952,424 0.75522693 -0.035 0.076 0.022 0.03412808 0.02792401
36 RMBA -34,580,506,159 0.36002000 1,033,092,395,554 0.26769875 -0.035 0.076 0.022 0.03325089 0.04299258
37 ANTM -1,034,942,039,000 -0.11468904 2,890,477,780,000 0.23999933 -0.035 0.076 0.022 -0.00343638 -0.13695896
38 ASIA 3,756,635,219 1.39202933 4,362,445,416 0.06245691 -0.035 0.076 0.022 0.10716828 -0.06753578
39 AKRA 74,899,146,000 1.00151182 2,215,659,344,000 0.63348154 -0.035 0.076 0.022 0.09005149 -0.15681012
40 INDY -7,434,549,000 -0.00300961 97,164,297,000 0.01939417 -0.035 0.076 0.022 0.00019794 0.26322910
41 BMSR -3,028,391,273 -0.49472104 375,000,000 0.00199164 -0.035 0.076 0.022 -0.03755498 -0.10153481
42 JPFA 264,314,000,000 1.11241631 1,683,150,000,000 0.41626097 -0.035 0.076 0.022 0.09370138 -0.01894060
43 BMRI 24,164,602,000,000 -0.05273392 4,963,306,000,000 0.01384702 -0.035 0.076 0.022 -0.00370314 -0.01081712
44 INPP -15,893,586 0.02699657 69,521,494,770 0.59468033 -0.035 0.076 0.022 0.01513471 0.03619283
C. Perhitungan Discretionary Accruals (t=0) No Kode Saham
14 INPC 22,550,364,554 313,607,782,387 -291,057,417,833 273,871,341,020 -1.06275237 0.0000000000036513 931,015,324,529
25 BBRI 4,838,001,000,000 23,986,231,000,000 -19,148,230,000,000 154,725,486,000,000 -0.12375615 0.0000000000000065 2,170,094,000,000
24 TRST 17,747,291,109 218,865,007,192 -201,117,716,083 2,020,478,163,661 -0.09953966 0.0000000000004949 289,483,606,207
23 UNTR 1,493,037,000,000 2,657,778,000,000 -1,164,741,000,000 11,247,846,000,000 -0.10355236 0.0000000000000889 4,446,031,000,000
22 SMSM 80,324,965,210 105,956,006,338 -25,631,041,128 716,685,940,960 -0.03576328 0.0000000000013953 182,938,635,684
21 MITI -6,088,444,116 3,069,177,078 -9,157,621,194 39,732,288,377 -0.23048311 0.0000000000251684 23,815,084,688
20 AALI 787,318,000,000 1,029,222,000,000 -241,904,000,000 3,191,715,000,000 -0.07579123 0.0000000000003133 387,051,000,000
19 ASII 3,712,097,000,000 9,020,067,000,000 -5,307,970,000,000 46,985,862,000,000 -0.11296951 0.0000000000000213 -5,664,179,000,000
18 TOTO 79,705,059,548 99,309,247,387 -19,604,187,839 848,136,747,528 -0.02311442 0.0000000000011791 114,291,995,201
17 ADES -128,794,000,000 -129,172,000,000 378,000,000 210,052,000,000 0.00179955 0.0000000000047607 -8,708,000,000
16 META 903,468,173 41,217,204,049 -40,313,735,876 85,195,684,137 -0.47318988 0.0000000000117377 70,478,684,272
15 SRSN 22,778,008,000 5,378,577,000 17,399,431,000 89,743,066,000 0.19388051 0.0000000000111429 108,777,020,000
NI CF TACit TAi,t-1 TAC/TA(t-1) 1/TA(t-1)
∆Rev(i,t)1 INTP -63,168,993,915 618,442,964,613 -681,611,958,528 11,649,036,868,225 -0.05851230 0.0000000000000858 1,005,438,031,752
12 BDMN 2,408,079,000,000 -7,465,034,000,000 9,873,113,000,000 52,681,943,000,000 0.18740981 0.0000000000000190 695,676,000,000
11 BCIC -748,563,000,000 -344,905,000,000 -403,658,000,000 6,588,269,000,000 -0.06126920 0.0000000000001518 -70,535,000,000
10 LPKR 292,914,373,144 248,635,504,546 44,278,868,598 1,840,570,612,836 0.02405714 0.0000000000005433 1,119,045,956,018
9 CPIN -198,348,000,000 -106,755,000,000 -91,593,000,000 2,507,191,000,000 -0.03653212 0.0000000000003989 516,215,000,000
8 UNVR 1,468,445,000,000 1,415,869,000,000 52,576,000,000 3,416,262,000,000 0.01538992 0.0000000000002927 821,197,000,000
7 IGAR 16,107,132,538 43,620,542,208 -27,513,409,670 237,576,629,984 -0.11580857 0.0000000000042092 -24,947,306,226
6 IMAS 970,916,173,237 -593,975,973,586 1,564,892,146,823 4,176,566,865,040 0.37468385 0.0000000000002394 1,725,655,242,631
5 TIRT 11,506,953,818 11,095,863,662 411,090,156 336,352,594,118 0.00122220 0.0000000000029731 -3,873,325,725
4 BNLI -808,221,000,000 -6,024,812,000,000 5,216,591,000,000 13,001,599,679,781 0.40122686 0.0000000000000769 853,606,149,341
3 ISAT 1,452,795,000,000 1,553,685,000,000 -100,890,000,000 7,214,942,000,000 -0.01398348 0.0000000000001386 2,401,819,000,000
2 STTP 22,267,875,917 67,105,853,769 -44,837,977,852 301,986,407,321 -0.14847681 0.0000000000033114 142,680,193,935
13 KLBF 653,329,399,498 538,289,366,670 115,040,032,828 3,016,864,058,832 0.03813232 0.0000000000003315 2,457,841,310,589
26 BNII 404,757,000,000 -4,296,487,000,000 4,701,244,000,000 53,102,230,000,000 0.08853195 0.0000000000000188 -655,321,000,000
36 RMBA 25,165,110,922 444,666,961,782 -419,501,850,860 4,455,531,963,727 -0.09415303 0.0000000000002244 140,924,999,753
43 BMRI 9,218,298,000,000 42,109,002,000,000 -32,890,704,000,000 394,616,604,000,000 -0.08334851 0.0000000000000025 1,332,686,000,000
42 JPFA 814,451,000,000 684,257,000,000 130,194,000,000 5,774,844,000,000 0.02254502 0.0000000000001732 1,674,596,000,000
41 BMSR -19,729,085,798 -10,596,914,236 -9,132,171,562 543,472,914,016 -0.01680336 0.0000000000018400 1,194,231,531,975
40 INDY 725,670,170,000 130,167,146,000 595,503,024,000 8,710,186,004,000 0.06836858 0.0000000000001148 172,130,754,000
39 AKRA 274,718,650,000 671,152,317,000 -396,433,667,000 4,874,850,950,000 -0.08132221 0.0000000000002051 -512,686,827,000
38 ASIA 5,767,608,381 -2,763,791,708 8,531,400,089 63,393,973,815 0.13457746 0.0000000000157744 51,268,651,777
37 ANTM 604,307,088,000 1,004,174,188,000 -399,867,100,000 10,245,040,780,000 -0.03903031 0.0000000000000976 -880,610,883,000
35 SULI -262,542,682,387 -388,532,888 -262,154,149,499 1,895,845,309,043 -0.13827824 0.0000000000005275 833,188,054,312
27 BVIC 143,174,000,000 -202,630,945,000 345,804,945,000 2,897,471,380,000 0.11934715 0.0000000000003451 72,937,848,000
34 TLKM 10,619,470,000,000 24,316,297,000,000 -13,696,827,000,000 82,058,760,000,000 -0.16691487 0.0000000000000122 1,249,773,000,000
33 BRPT -3,399,758,000,000 -849,465,000,000 -2,550,293,000,000 16,912,119,000,000 -0.15079677 0.0000000000000591 17,986,048,000,000
32 KARK 4,303,606,722 -216,360,882,905 220,664,489,627 149,825,132,378 1.47281358 0.0000000000066744 302,295,603,154
31 MCOR 3,651,000,000 97,402,000,000 -93,751,000,000 1,402,568,000,000 -0.06684239 0.0000000000007130 103,293,000,000
30 BNGA 678,189,000,000 -3,796,788,000,000 4,474,977,000,000 54,885,576,000,000 0.08153284 0.0000000000000182 4,998,017,000,000
29 INDF 1,034,389,000,000 2,684,806,000,000 -1,650,417,000,000 29,527,466,000,000 -0.05589430 0.0000000000000339 10,940,975,000,000
28 FREN 50,345,297,209 155,623,821,190 -105,278,523,981 3,040,817,020,571 -0.03462179 0.0000000000003289 293,904,127,644
44 INPP 23,903,676,485 23,612,255,013 291,421,472 496,197,698,949 0.00058731 0.0000000000020153 46,218,341,884
No Kode Saham ∆Recit (∆Rev (i,t) - ∆Rec (i,t))/TA (t-1) PPE PPE/TA (t-1) αi 1i 2i NDTA DTA
15 SRSN 38,901,517,000 0.77861729 162,439,185,000 1.81004720 0.066 0.048 -0.154 -0.24137364 0.43525414
27 BVIC 2,819,606,174,000 -0.94795357 122,823,000,000 0.04238972 0.066 0.048 -0.154 -0.05202979 0.17137694
26 BNII 6,907,470,000,000 -0.14241946 780,881,000,000 0.01470524 0.066 0.048 -0.154 -0.00910074 0.09763269
25 BBRI 23,781,533,000,000 -0.13967601 1,644,172,000,000 0.01062638 0.066 0.048 -0.154 -0.00834091 -0.11541524
24 TRST 46,635,007,496 0.12019363 1,388,825,018,461 0.68737443 0.066 0.048 -0.154 -0.10008637 0.00054670
23 UNTR 946,683,000,000 0.31111272 5,527,058,000,000 0.49138813 0.066 0.048 -0.154 -0.06074036 -0.04281200
22 SMSM 4,117,680,122 0.24951090 318,676,623,016 0.44465310 0.066 0.048 -0.154 -0.05650005 0.02073677
21 MITI -1,809,662,208 0.64493509 41,598,512,277 1.04696996 0.066 0.048 -0.154 -0.13027649 -0.10020662
20 AALI -75,995,000,000 0.14507749 1,544,653,000,000 0.48395706 0.066 0.048 -0.154 -0.06756567 -0.00822556
19 ASII -821,506,000,000 -0.10306660 13,030,347,000,000 0.27732485 0.066 0.048 -0.154 -0.04765522 -0.06531429
18 TOTO 32,834,574,836 0.09604279 449,408,345,930 0.52987722 0.066 0.048 -0.154 -0.07699104 0.05387662
17 ADES -1,324,000,000 -0.03515320 180,112,000,000 0.85746387 0.066 0.048 -0.154 -0.13373679 0.13553634
16 META -1,772,896,336 0.84806621 432,823,359,388 5.08034373 0.066 0.048 -0.154 -0.74166576 0.26847587
14 INPC 7,269,497,557,186 -23.14401430 138,595,263,752 0.50605976 0.066 0.048 -0.154 -1.18884589 0.12609351
1 INTP 10,737,335,549 0.08538909 8,732,179,923,464 0.74960531 0.066 0.048 -0.154 -0.11134054 0.05282824
13 KLBF 15,455,275,711 0.80957776 859,117,129,272 0.28477157 0.066 0.048 -0.154 -0.00499509 0.04312741
12 BDMN 10,406,939,000,000 -0.18433760 1,297,171,000,000 0.02462269 0.066 0.048 -0.154 -0.01264010 0.20004991
11 BCIC 514,609,000,000 -0.08881605 84,943,000,000 0.01289307 0.066 0.048 -0.154 -0.00624870 -0.05502050
10 LPKR 43,378,794,487 0.58442048 1,168,917,602,708 0.63508436 0.066 0.048 -0.154 -0.06975081 0.09380795
9 CPIN -860,000,000 0.20623678 832,040,000,000 0.33186143 0.066 0.048 -0.154 -0.04120730 0.00467518
8 UNVR 37,804,000,000 0.22931292 1,348,402,000,000 0.39470099 0.066 0.048 -0.154 -0.04977693 0.06516685
7 IGAR -7,116,301,274 -0.07505370 76,614,995,094 0.32248540 0.066 0.048 -0.154 -0.05326533 -0.06254324
6 IMAS -616,616,412,990 0.56081268 214,067,379,034 0.05125439 0.066 0.048 -0.154 0.01902583 0.35565802
5 TIRT -1,552,497,356 -0.00689999 205,869,591,074 0.61206482 0.066 0.048 -0.154 -0.09458918 0.09581138
4 BNLI 5,171,081,089,102 -0.33207259 728,693,000,000 0.05604641 0.066 0.048 -0.154 -0.02457063 0.42579749
3 ISAT 178,666,000,000 0.30813179 9,468,907,000,000 1.31240237 0.066 0.048 -0.154 -0.18731964 0.17333616
2 STTP 20,882,062,787 0.40332322 235,587,219,380 0.78012524 0.066 0.048 -0.154 -0.10077977 -0.04769704
28 FREN -10,151,872,985 0.09999155 2,650,483,517,449 0.87163532 0.066 0.048 -0.154 -0.12943225 0.09481046
29 INDF 393,151,000,000 0.35722077 9,586,545,000,000 0.32466535 0.066 0.048 -0.154 -0.03285187 -0.02304243
30 BNGA 32,598,489,000,000 -0.50287296 1,183,110,000,000 0.02155594 0.066 0.048 -0.154 -0.02745752 0.10899036
31 MCOR 923,034,000,000 -0.58445722 77,252,000,000 0.05507897 0.066 0.048 -0.154 -0.03653611 -0.03030628
32 KARK 140,926,686,221 1.07704839 1,175,113,348 0.00784323 0.066 0.048 -0.154 0.05049046 1.42232312
33 BRPT -466,676,000,000 1.09109474 11,807,631,000,000 0.69817573 0.066 0.048 -0.154 -0.05514651 -0.09565026
34 TLKM 106,647,000,000 0.01393058 70,589,590,000,000 0.86023223 0.066 0.048 -0.154 -0.13180710 -0.03510777
35 SULI -19,310,276,047 0.44966661 1,321,401,054,649 0.69699835 0.066 0.048 -0.154 -0.08575375 -0.05252449
36 RMBA 37,102,439,967 0.02330194 1,209,997,621,762 0.27157198 0.066 0.048 -0.154 -0.04070359 -0.05344944
37 ANTM 304,797,606,000 -0.11570559 2,890,601,952,000 0.28214646 0.066 0.048 -0.154 -0.04900442 0.00997411
38 ASIA 12,489,350,780 0.61171904 4,994,891,517 0.07879127 0.066 0.048 -0.154 0.01722866 0.11734880
39 AKRA 488,088,379,000 -0.20529350 2,859,238,232,000 0.58652834 0.066 0.048 -0.154 -0.10017945 0.01885724
40 INDY 344,452,882,000 -0.01978398 1,189,110,159,000 0.13651949 0.066 0.048 -0.154 -0.02197363 0.09034221
41 BMSR 231,523,000,211 1.77140113 628,990,964 0.00115735 0.066 0.048 -0.154 0.08484902 -0.10165238
42 JPFA 58,808,000,000 0.27979769 1,804,730,000,000 0.31251580 0.066 0.048 -0.154 -0.03469714 0.05724217
43 BMRI 48,058,742,000,000 -0.11840874 5,527,000,000,000 0.01400600 0.066 0.048 -0.154 -0.00784054 -0.07550796
44 INPP 2,412,555,169 0.08828293 110,351,997,525 0.22239522 0.066 0.048 -0.154 -0.03001128 0.03059859
D. Perhitungan Discretionary Accruals (t+1) No Kode Saham
14 INPC 30,784,140,364 107,906,984,641 -77,122,844,277 10,849,427,614,537 -0.00710847 0.0000000000000922 312,789,726,451
25 BBRI 5,958,368,000,000 -14,213,727,000,000 20,172,095,000,000 203,734,938,000,000 0.09901147 0.0000000000000049 4,856,002,000,000
24 TRST 58,025,393,373 129,361,073,810 -71,335,680,437 2,138,990,664,786 -0.03335016 0.0000000000004675 314,378,517,283
23 UNTR 2,660,742,000,000 4,253,895,000,000 -1,593,153,000,000 13,002,619,000,000 -0.12252555 0.0000000000000769 9,737,598,000,000
22 SMSM 91,471,918,506 130,695,243,469 -39,223,324,963 830,049,538,892 -0.04725420 0.0000000000012047 289,530,991,132
21 MITI 1,681,051,413 11,019,066,629 -9,338,015,216 93,910,457,336 -0.09943531 0.0000000000106484 27,900,676,709
20 AALI 1,973,428,000,000 2,596,413,000,000 -622,985,000,000 3,496,955,000,000 -0.17815071 0.0000000000002860 2,202,967,000,000
19 ASII 6,519,273,000,000 11,244,269,000,000 -4,724,996,000,000 57,929,290,000,000 -0.08156489 0.0000000000000173 14,674,825,000,000
18 TOTO 56,376,502,262 79,856,791,203 -23,480,288,941 908,168,166,154 -0.02585456 0.0000000000011011 67,097,630,714
17 ADES -154,851,000,000 -48,514,000,000 -106,337,000,000 223,253,000,000 -0.47630715 0.0000000000044792 -3,494,000,000
16 META 20,439,044,701 28,970,346,776 -8,531,302,075 483,016,457,568 -0.01766255 0.0000000000020703 46,428,858,023
15 SRSN 23,384,506,000 36,207,096,000 -12,822,590,000 338,343,696,000 -0.03789812 0.0000000000029556 -20,621,675,000
NI CF TACit TAi,t-1 TAC/TA(t-1) 1/TA(t-1)
∆Rev(i,t)1 INTP 1,041,047,395,230 1,257,466,000,030 -216,418,604,800 11,930,019,357,471 -0.01814068 0.0000000000000838 494,871,164,973
12 BDMN 2,003,198,000,000 -6,164,372,000,000 8,167,570,000,000 58,811,765,000,000 0.13887646 0.0000000000000170 1,809,720,000,000
11 BCIC 22,286,000,000 675,845,000,000 -653,559,000,000 7,850,751,000,000 -0.08324796 0.0000000000001274 181,477,000,000
10 LPKR 358,943,471,241 -1,305,161,768,157 1,664,105,239,398 5,556,177,856,846 0.29950539 0.0000000000001800 332,269,867,861
9 CPIN 41,156,000,000 299,154,000,000 -257,998,000,000 2,627,876,000,000 -0.09817739 0.0000000000003805 725,358,000,000
8 UNVR 1,440,485,000,000 1,664,158,000,000 -223,673,000,000 3,663,709,000,000 -0.06105097 0.0000000000002729 1,007,313,000,000
7 IGAR 26,297,974,836 -7,275,679,774 33,573,654,610 236,243,954,052 0.14211434 0.0000000000042329 9,567,970,143
6 IMAS 62,434,020,852 -616,662,004,682 679,096,025,534 2,302,687,188,920 0.29491458 0.0000000000004343 -6,493,876,822,287
5 TIRT 6,294,727,695 6,709,896,412 -415,168,717 403,385,958,015 -0.00102921 0.0000000000024790 27,546,790,782
4 BNLI 558,089,000,000 -1,155,988,000,000 1,714,077,000,000 28,027,532,000,000 0.06115690 0.0000000000000357 1,097,249,000,000
3 ISAT 336,252,000,000 344,484,000,000 -8,232,000,000 22,348,700,000,000 -0.00036834 0.0000000000000447 1,519,043,000,000
2 STTP 30,625,118,441 22,016,186,840 8,608,931,601 404,060,194,286 0.02130606 0.0000000000024749 109,310,868,253
13 KLBF 676,581,653,872 640,610,354,353 35,971,299,519 4,728,368,509,889 0.00760755 0.0000000000002115 200,611,847,131
26 BNII 468,697,000,000 -765,457,000,000 1,234,154,000,000 55,148,453,000,000 0.02237876 0.0000000000000181 395,274,000,000
36 RMBA 218,621,000,000 563,803,000,000 -345,182,000,000 4,302,659,178,165 -0.08022527 0.0000000000002324 2,822,841,838,654
43 BMRI 12,695,885,000,000 20,440,640,000,000 -7,744,755,000,000 449,774,551,000,000 -0.01721919 0.0000000000000022 3,798,369,000,000
42 JPFA 959,161,000,000 1,098,162,000,000 -139,001,000,000 6,070,137,000,000 -0.02289915 0.0000000000001647 -384,485,000,000
41 BMSR -56,910,961,261 40,189,030,203 -97,099,991,464 780,671,839,151 -0.12438004 0.0000000000012809 64,717,097,164
40 INDY 772,723,177,000 -533,540,825,000 1,306,264,002,000 11,683,614,752,000 0.11180307 0.0000000000000856 1,278,887,345,000
39 AKRA 310,916,115,000 427,918,661,000 -117,002,546,000 6,059,070,429,000 -0.01931031 0.0000000000001650 3,235,155,494,000
38 ASIA 3,475,727,680 2,498,528 3,473,229,152 74,906,215,884 0.04636770 0.0000000000133500 -57,431,445,219
37 ANTM 1,683,399,992,000 2,004,573,531,000 -321,173,539,000 9,939,996,438,000 -0.03231123 0.0000000000001006 32,929,964,000
35 SULI -103,814,721,058 -56,732,177,498 -47,082,543,560 2,169,944,583,777 -0.02169758 0.0000000000004608 -1,239,778,673,271
27 BVIC 35,261,542,000 -165,967,711,000 201,229,253,000 5,183,742,000,000 0.03881930 0.0000000000001929 174,646,510,000
34 TLKM 11,332,140,000,000 29,715,574,000,000 -18,383,434,000,000 91,256,250,000,000 -0.20144849 0.0000000000000110 3,906,851,000,000
33 BRPT 547,265,000,000 1,034,262,000,000 -486,997,000,000 17,243,721,000,000 -0.02824199 0.0000000000000580 -5,682,465,000,000
32 KARK 9,713,280,097 107,395,524,904 -97,682,244,807 520,467,744,339 -0.18768165 0.0000000000019213 96,239,089,366
31 MCOR 16,069,000,000 417,867,000,000 -401,798,000,000 2,094,665,000,000 -0.19181969 0.0000000000004774 48,007,000,000
30 BNGA 1,568,130,000,000 -2,410,150,000,000 3,978,280,000,000 103,197,574,000,000 0.03855013 0.0000000000000097 1,259,630,000,000
29 INDF 2,075,861,000,000 2,314,507,000,000 -238,646,000,000 39,594,264,000,000 -0.00602729 0.0000000000000253 -1,658,449,000,000
28 FREN -1,068,868,003,999 -476,810,724,571 -592,057,279,428 4,536,743,642,121 -0.13050270 0.0000000000002204 -150,714,837,019
44 INPP 2,097,931,753 109,079,321,971 -106,981,390,218 810,578,823,861 -0.13198148 0.0000000000012337 19,842,850,551
No Kode Saham ∆Recit (∆Rev (i,t) - ∆Rec (i,t))/TA (t-1) PPE PPE/TA (t-1) αi 1i 2i NDTA DTA
15 SRSN -11,389,824,000 -0.02728542 165,845,504,000 0.49016874 0.013 -0.106 -0.095 -0.04367378 0.00577566
27 BVIC -1,785,320,830,000 0.37809894 162,088,749,000 0.03126868 0.013 -0.106 -0.095 -0.04304901 0.08186831
26 BNII 5,015,122,000,000 -0.08377113 763,598,000,000 0.01384623 0.013 -0.106 -0.095 0.00756435 0.01481441
25 BBRI 45,912,512,000,000 -0.20151924 1,350,483,000,000 0.00662863 0.013 -0.106 -0.095 0.02073132 0.07828015
24 TRST -51,940,109,361 0.17125770 1,382,186,804,500 0.64618646 0.013 -0.106 -0.095 -0.07954103 0.04619087
23 UNTR 623,118,000,000 0.70097263 9,505,248,000,000 0.73102565 0.013 -0.106 -0.095 -0.14375054 0.02122499
22 SMSM 36,559,610,840 0.30476661 358,494,769,438 0.43189563 0.013 -0.106 -0.095 -0.07333535 0.02608115
21 MITI 5,534,294,999 0.23816710 49,558,640,813 0.52772228 0.013 -0.106 -0.095 -0.07537933 -0.02405598
20 AALI 91,609,000,000 0.60377042 1,755,574,000,000 0.50202934 0.013 -0.106 -0.095 -0.11169245 -0.06645825
19 ASII 1,459,955,000,000 0.22812070 14,127,390,000,000 0.24387300 0.013 -0.106 -0.095 -0.04734873 -0.03421616
18 TOTO 12,469,094,889 0.06015245 434,969,913,077 0.47895305 0.013 -0.106 -0.095 -0.05187670 0.02602214
17 ADES -4,450,000,000 0.00428214 143,386,000,000 0.64225789 0.013 -0.106 -0.095 -0.06146841 -0.41483874
16 META -5,168,410,877 0.10682300 613,169,519,040 1.26945885 0.013 -0.106 -0.095 -0.13192183 0.11425928
14 INPC -480,525,852,112 0.07312050 134,681,865,754 0.01241373 0.013 -0.106 -0.095 -0.00893008 0.00182161
1 INTP 43,922,992,204 0.03779945 8,541,455,141,160 0.71596323 0.013 -0.106 -0.095 -0.07202325 0.05388257
13 KLBF 128,061,458,856 0.01534364 1,024,371,537,180 0.21664376 0.013 -0.106 -0.095 -0.02220758 0.02981513
12 BDMN 7,135,444,000,000 -0.09055542 1,480,028,000,000 0.02516551 0.013 -0.106 -0.095 0.00720815 0.13166831
11 BCIC 861,487,000,000 -0.08661719 134,019,000,000 0.01707085 0.013 -0.106 -0.095 0.00755969 -0.09080765
10 LPKR 277,141,740,843 0.00992195 1,182,560,494,329 0.21283705 0.013 -0.106 -0.095 -0.02127125 0.32077664
9 CPIN -51,616,000,000 0.29566616 795,325,000,000 0.30264936 0.013 -0.106 -0.095 -0.06009230 -0.03808509
8 UNVR -46,613,000,000 0.28766641 1,495,659,000,000 0.40823630 0.013 -0.106 -0.095 -0.06927509 0.00822411
7 IGAR 19,403,734,076 -0.04163393 92,455,164,966 0.39135463 0.013 -0.106 -0.095 -0.03276549 0.17487984
6 IMAS -392,250,353,748 -2.64978522 325,498,920,850 0.14135612 0.013 -0.106 -0.095 0.26744840 0.02746618
5 TIRT 24,677,900,746 0.00711202 319,379,979,913 0.79174789 0.013 -0.106 -0.095 -0.07596992 0.07494071
4 BNLI 1,441,121,000,000 -0.01226908 703,057,000,000 0.02508451 0.013 -0.106 -0.095 -0.00108251 0.06223941
3 ISAT -165,003,000,000 0.07535320 11,759,256,000,000 0.52617181 0.013 -0.106 -0.095 -0.05797376 0.05760542
2 STTP -1,404,179,140 0.27400632 244,296,916,673 0.60460525 0.013 -0.106 -0.095 -0.08648217 0.10778823
28 FREN -3,164,169,109 -0.03252347 3,613,932,169,001 0.79659166 0.013 -0.106 -0.095 -0.07222872 -0.05827398
29 INDF -464,497,000,000 -0.03015467 10,808,449,000,000 0.27298017 0.013 -0.106 -0.095 -0.02273672 0.01670943
30 BNGA 7,985,300,000,000 -0.06517275 1,258,532,000,000 0.01219536 0.013 -0.106 -0.095 0.00574975 0.03280038
31 MCOR 161,008,000,000 -0.05394705 116,690,000,000 0.05570819 0.013 -0.106 -0.095 0.00042611 -0.19224580
32 KARK 21,000,971,566 0.14455866 21,322,438,417 0.04096784 0.013 -0.106 -0.095 -0.01921516 -0.16846649
33 BRPT 537,770,000,000 -0.36072464 9,809,342,000,000 0.56886457 0.013 -0.106 -0.095 -0.01580532 -0.01243667
34 TLKM 299,066,000,000 0.03953466 76,053,966,000,000 0.83341104 0.013 -0.106 -0.095 -0.08336472 -0.11808377
35 SULI 109,257,414,276 -0.62169149 1,240,894,650,453 0.57185546 0.013 -0.106 -0.095 0.01157303 -0.03327061
36 RMBA 14,908,711,767 0.65260412 1,713,400,000,000 0.39821885 0.013 -0.106 -0.095 -0.10700683 0.02678156
37 ANTM 662,383,172,000 -0.06332530 2,952,396,841,000 0.29702192 0.013 -0.106 -0.095 -0.02150460 -0.01080663
38 ASIA -5,280,656,018 -0.69621444 4,577,048,685 0.06110372 0.013 -0.106 -0.095 0.06799388 -0.02162617
39 AKRA 274,109,869,000 0.48869635 3,037,892,760,000 0.50137934 0.013 -0.106 -0.095 -0.09943285 0.08012254
40 INDY -89,365,264,000 0.11710867 1,895,715,411,000 0.16225419 0.013 -0.106 -0.095 -0.02782767 0.13963074