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Financial Analysis for Investors

This document contains income statements for PT Arjuna Tbk and PT ABC for the year ending December 31, 2018 and December 31, 2012 respectively. It also contains calculations for operating cash flow, cash flow to creditors, cash flow to stockholders, and increase in net working capital for both companies. Key figures include net income of $46,200 for PT Arjuna Tbk and $78,300 for PT ABC. The document analyzes cash flows and working capital changes for the two companies.

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Karisma Devi
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77 views2 pages

Financial Analysis for Investors

This document contains income statements for PT Arjuna Tbk and PT ABC for the year ending December 31, 2018 and December 31, 2012 respectively. It also contains calculations for operating cash flow, cash flow to creditors, cash flow to stockholders, and increase in net working capital for both companies. Key figures include net income of $46,200 for PT Arjuna Tbk and $78,300 for PT ABC. The document analyzes cash flows and working capital changes for the two companies.

Uploaded by

Karisma Devi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Nama : Albert Fernando Yose

NPK : 11190600035

1. PT ARJUNA TBK
INCOME STATEMENT
31 DESEMBER 2018
Net Sales $ 375.000
Cost of Good Sold 225.000
Other Expense 21.600
Depreciation Expense 21.400
EBIT $ 107.000
Interest Expense 30.000
Taxable Income (EBT) $ 77.000
Taxes (40%) 30.800
Net Income $ 46.200
Dividend 18.480
Addition to Retained Earnings 27.720

a) Operating Cash Flow (OCF)


OCF = EBIT + Depreciation - Taxes
= 107.000 + 21.400 - 30.800
= 97.600
b) Cash Flow to Creditors (CFC)
CFC = Interest to Creditor ± Pinjaman netto
= 30.000 – 19.500
= 10.500
c) Cash Flow to Stockholders (CFS)
CFS = Dividend ± Equitas netto
= 18.480 – 32.000
= 50.480
d) Tambahan NWC
CFFA = OCF – NCS – Incre NWC
60.980 = 97.600 – 5.000 + 21.400 – Incre NWC
60.980 = 114.000 – Incre NWC
Incre NWC = 114.000 – 60.980
Incre NWC = 53.020
PT ABC
INCOME STATEMENT
31 DESEMBER 2012
Net Sales $ 675.000
Cost of Good Sold 385.000
Other Expense 69.000
Depreciation Expense 58.500
EBIT $ 162.500
Interest Expense 32.000
Taxable Income (EBT) $ 130.500
Taxes (40%) 52.200
Net Income $ 78.300
Dividend 35.235
2.
Addition to Retained Earnings 43.065

a) Operating Cash Flow (OCF)


OCF = EBIT + Depreciation - Taxes
= 162.500 + 58.500 – 52.200
= 168.800
b) Cash Flow to Creditors (CFC)
CFC = Interest to Creditor ± Pinjaman netto
= 32.000 – 33.000
= 65.000
c) Cash Flow to Stockholders (CFS)
CFS = Dividend ± Equitas netto
= 35.235 – 25.000
= 10.235
d) Tambahan NWC (Jika net fixed assets meningkat $10.000)
CFFA = OCF – NCS – Incre NWC
75.235 = 168.800 – 10.000 + 58.800 – Incre NWC
75.235 = 207.300 – Incre NWC
Incre NWC = 207.300 – 75.235
Incre NWC = 132.065

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