no
|
Keterangan
|
2005
|
2006
|
2007
|
2008
|
2009
|
2010
|
1
|
Nopad
|
104,635,654,046
|
85,290,630,281
|
56,717,007,248
|
341,955,561,038
|
1,833,091,225,132
|
2,371,597,631,781
|
2
|
IC
|
2,247,337,164,019
|
2,424,775,130,192
|
1,891,891,955,590
|
2,454,955,848,006
|
3,598,076,751,629
|
5,655,838,010,111
|
3
|
WACC
|
0.0399
|
0.05023
|
0.03937
|
0.1446
|
0.01582
|
1.13325
|
4
|
CC
|
89,668,752848.3581
|
121,796,454,789.544
|
74,483,786,291.5783
|
345,986,615,621.667
|
56,921,574,210.7707
|
6,420,810,924,958.29
|
5
|
EVA
|
14,966,901,197.6419
|
-36,505,824,508.544
|
-17,766,779,043.5783
|
-4,031,054,583.667
|
1,776,169,650,921.22
|
-4,049,213,293,177.29
|
Perhitungan WACC tahun 2005:
D :
4.869.355.435.973 X 100% = 49.391 %
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image001.gif)
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image002.gif)
4.869.355.435.973
Presentase pajak
: 71.709.828.314 X 100%
= 32.43297 %
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image003.gif)
Ekuity (E) :
4.809.350.070.142 X
100% = 48.78277 %
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image002.gif)
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image004.gif)
12.32134
WACC={0.49391 x 0.00093 (1- 0.32433)}+ (0.48783 x
0.08116)
=
0.00031 + 0.03959
=
0.0399
Perhitungan WACC tahun 2006
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image004.gif)
10.402.465.771.788
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image005.gif)
4.609.901.191.621
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image005.gif)
241.713.281.937
Equity :
5.792.564.580.167 X 100 % =
55.68453 %
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image006.gif)
Cost of Equity :
1 = 0.08936
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image007.gif)
WACC = {0.44315 x 0.00157 (1- 0.31951)} + ( 0.55685 x
0.08936)
= 0.00047 +
0.04976
= 0.05023
Perhitungan WACC tahun 2007
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image007.gif)
9.578.957.780.232
rD : 2.117.268.262 X 100% = 0.06169 %
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image008.gif)
Presentase Pajak : 51.670.433.390 X 100 % = 31.47405 %
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image009.gif)
Equity : 6.146.961.021.514 X 100 % = 64.1715 %
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image006.gif)
Cost of
Equity : 1 = 0.06112
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image006.gif)
WACC = {0.35829 x 0.00062 (1- 0.31474)} + ( 0.64172 x
0.06112)
= 0.00015 +
0.03922
= 0.03937
Perhitungan WACC tahun 2008
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image004.gif)
10.376.708.240.115
rD : 6.859.479.322 X 100 % = 0.22309 %
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image007.gif)
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image006.gif)
538.284.750.215
Equity :
7.301.950.305.306 X 100 % = 70.36866%
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image004.gif)
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image004.gif)
4.88186
WACC = {0.29631 x 0.00223 (1- 0.29863)} + ( 0.70369
x 0.20484)
= 0.00046
+ 0.14414
=
0.1446
Perhitungan
WACC tahun 2009
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image006.gif)
11.799.011.738.759
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image007.gif)
1.986.487.392.359
2.587.615.188.370
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image004.gif)
11.799.011.738.759
Cost of Equity :
1 = 1.0151
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image006.gif)
WACC = {0.16836 x 0.02682 (1 – 0.27796)} + (0.83164 x
1.0151)
=0.00326 +
0.01256
=0.01582
Perhitungan WACC tahun 2010
D :
1.826.480.656.332 X 100 %= 12.98908 %
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image007.gif)
rD :
127.327.656.594 X 100 % =
6.9712 %
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image007.gif)
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image007.gif)
3.139.888.659.152
Equity :
12.235.184.677.504 X 100 % = 87.01092 %
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image004.gif)
![](file:///C:/DOCUME~1/LISTYA/LOCALS~1/Temp/msohtmlclip1/01/clip_image004.gif)
0.77248
WACC = { 0.12989 x 0.06971 (1- 0.24129)}+ (0.87011 x
1.29453)
= 0.00687 +
1.12638
= 1.13325