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X1 X2

Total frekuensi
NO COMPANY YEAR Komposisi dewan pertemuan komite
komisaris audit
1 ADES 2010 0.33 2
2 DLTA 2010 0.4 1
3 ICBP 2010 0.38 3
4 MLBI 2010 0.29 4
5 PSDN 2010 0.33 4
6 ROTI 2010 0.33 4
7 SKLT 2010 0.33 4
8 ULTJ 2010 0.33 2
9 GGRM 2010 0.5 5
10 HMSP 2010 0.4 8
11 RMBA 2010 0.5 4
12 INAF 2010 0.4 4
13 KLBF 2010 0.33 4
14 PYFA 2010 0.33 3
15 TCID 2010 0.4 14
16 UNVR 2010 0.75 5
17 KDSI 2010 0.5 4
18 KICI 2010 0.33 4
19 LMPI 2010 0.5 6
20 ADES 2011 0.33 4
21 DLTA 2011 0.4 1
22 ICBP 2011 0.38 6
23 MLBI 2011 0.43 3
24 PSDN 2011 0.33 4
25 ROTI 2011 0.33 2
26 SKLT 2011 0.33 3
27 ULTJ 2011 0.33 2
28 GGRM 2011 0.5 8
29 HMSP 2011 0.25 9
30 RMBA 2011 0.4 4
31 INAF 2011 0.4 15
32 KLBF 2011 0.33 3
33 PYFA 2011 0.33 4
34 TCID 2011 0.4 14
35 UNVR 2011 0.8 4
36 KDSI 2011 0.5 6
37 KICI 2011 0.33 4
38 LMPI 2011 0.5 7
39 ADES 2012 0.33 4
40 DLTA 2012 0.4 1
41 ICBP 2012 0.38 7
42 MLBI 2012 0.43 3
43 PSDN 2012 0.33 4
44 ROTI 2012 0.33 2
45 SKLT 2012 0.33 4
46 ULTJ 2012 0.33 2
47 GGRM 2012 0.5 6
48 HMSP 2012 0.4 10
49 RMBA 2012 0.5 4
50 INAF 2012 0.5 17
51 KLBF 2012 0.33 4
52 PYFA 2012 0.33 4
53 TCID 2012 0.4 15
54 UNVR 2012 0.8 5
55 KDSI 2012 0.5 4
56 KICI 2012 0.33 4
57 LMPI 2012 0.5 6
58 ADES 2013 0.33 3
59 DLTA 2013 0.4 3
60 ICBP 2013 0.43 7
61 MLBI 2013 0.43 6
62 PSDN 2013 0.33 4
63 ROTI 2013 0.33 4
64 SKLT 2013 0.33 4
65 ULTJ 2013 0.33 2
66 GGRM 2013 0.33 6
67 HMSP 2013 0.4 9
68 RMBA 2013 0.4 4
69 INAF 2013 0.5 20
70 KLBF 2013 0.33 4
71 PYFA 2013 0.33 4
72 TCID 2013 0.33 14
73 UNVR 2013 0.8 4
74 KDSI 2013 0.5 12
75 KICI 2013 0.33 4
76 LMPI 2013 0.5 6
77 ADES 2014 0.33 3
78 DLTA 2014 0.4 3
79 ICBP 2014 0.43 6
80 MLBI 2014 0.5 5
81 PSDN 2014 0.33 4
82 ROTI 2014 0.33 4
83 SKLT 2014 0.33 4
84 ULTJ 2014 0.33 3
85 GGRM 2014 0.67 6
86 HMSP 2014 0.5 8
87 RMBA 2014 0.67 4
88 INAF 2014 0.33 16
89 KLBF 2014 0.4 4
90 PYFA 2014 0.33 4
91 TCID 2014 0.33 14
92 UNVR 2014 0.8 14
93 KDSI 2014 0.5 12
94 KICI 2014 0.33 4
95 LMPI 2014 0.33 12
DUMMY
X3 Y
Komite audit yang pernah atau Manajemen laba
masih menjadi partner di KAP riil
0 -1.8712428938
1 0.3906558149
1 -1.1842779106
0 1.5092349261
0 -5.7081560462
0 0.6560038678
0 -0.7368167306
0 1.4863444611
0 -0.0468339617
1 1.3505225629
0 -1.7514782322
0 0.5086919538
0 1.7484711123
0 4.0286314829
0 -0.0056926781
0 3.4606292718
1 -4.4236328501
0 -0.9683095579
1 -0.4564660899
0 1.3638935213
1 0.7911784651
0 -1.2811893153
0 3.0955218102
0 -5.447792116
1 0.5719168671
0 -0.4959671938
0 1.4275028629
0 -0.7244674857
1 -0.7698215297
0 -2.3437637157
0 0.4308963824
0 1.8548862694
0 3.2099487363
0 -0.8993883246
0 3.8899831262
0 -3.4957737551
0 -1.8029834999
1 -1.2778568193
0 2.6379921926
1 1.40043067
1 -0.8794324448
0 2.7439055335
0 -4.828272726
0 0.4425671578
0 -0.5048534287
0 1.1953019133
0 -0.3164290879
1 -0.2746834865
0 -2.141179904
0 0.3392680254
0 1.2793269915
0 2.8153176774
1 0.0842214923
0 1.8723739506
0 -3.7725413173
0 -1.6461077739
1 -1.5139877096
0 2.3593523225
1 2.1374245376
1 -1.3823424315
0 3.5408539283
0 -2.5102865779
0 1.0333702271
0 -0.8627457856
0 0.449075993
0 -0.4618056667
0 1.3515327536
0 -3.1535961308
0 -0.3312441791
0 0.9207356859
0 3.0514933284
1 -0.2788606743
0 2.1830908623
0 -3.5542778313
0 -1.3446163002
0 -1.2274659568
0 2.302755272
0 0.5449138722
1 -0.746547232
1 3.2570428657
0 -1.7409095041
0 0.8096971175
1 -0.706296427
0 0.1907872158
0 -0.736998793
0 1.4759831276
0 -2.838856919
0 0.897936809
0 1.5790091488
0 3.3343263802
1 -0.9548783359
0 1.8380452903
0 -3.9958062521
0 -1.1350754185
1 -0.3110368362
Perusahaan manufaktur pada industri barang konsumsi yang terdaftar di BEI dari tahun 2010-2014

No. 2010 2011 2012 2013


1 Makanan dan minuman ades ades ades ades
2 aisa aisa aisa aisa
3 ceka ceka alto alto
4 davo davo ceka ceka
5 dlta dlta davo davo
6 icbp icbp dlta dlta
7 indf indf icbp icbp
8 mlbi mlbi indf indf
9 myor myor mlbi mlbi
10 psdn psdn myor myor
11 rot rot psdn psdn
12 sklt sklt rot rot
13 sttp sttp SKBM SKBM
14 ultj ultj sklt sklt
15 sttp sttp
16 ultj ultj
17 Rokok ggrm ggrm ggrm ggrm
18 hmsp hmsp hmsp hmsp
19 rmba rmba rmba rmba
20 wiim wiim
21 Farmasi dvla dvla dvla dvla
22 inaf inaf inaf inaf
23 kaef kaef kaef kaef
24 klbf klbf klbf klbf
25 merk merk merk merk
26 pyfa pyfa pyfa pyfa
27 scpi scpi scpi scpi
28 SQBB SQBB SQBB sido
29 tspc tspc tspc SQBB
30 tspc
31 Kosmetk dan barang keperluan rumah tangga mrat mbto mbto mbto
32 tcid mrat mrat mrat
33 unvr tcid tcid tcid
34 unvr unvr unvr
35 peralatan rumah tangga kdsi kdsi kdsi kdsi
36 kici kici kici kici
37 lmpi lmpi lmpi lmpi
38

Keterangan
ades Akasha Wira Internasional, Tbk.
aisa Tiga Pilar Sejahtera Food, Tbk.
alto tri banyan trta, tbk
ceka Cahaya Kalbar, Tbk
davo Davomas Abadi, Tbk
dlta Delta Jakarta, Tbk.
icbp Indofood CBP sukses makmur, Tbk.
indf Indofood sukses makmur, tbk
mlbi mult bintang indonesia, tbk
myor mayora indah, tbk
psdn prashida aneka niaga, tbk
rot nippon indosari corporindo, tbk
SKBM sekar bumi, tbk
sklt sekar laut, tbk
sttp siantar top, tbk
ultj ultrajaya milk company and trading company, tbk
ggrm gudang garam, tbk
hmsp hanjaya mandala sampoerna, tbk
rmba bentoel internatonal investama, tbk
wiim wismilak int makmur, tbk
dvla darya varia laboratoria, tbk
inaf indofarma, tbk
kaef kimia farma, tbk
klbf kalbe farma, tbk
merk merck, tbk
pyfa pyridam farma, tbk
scpi schering plough indonesia, tbk
SQBI taisho pharmaeutcal indonesia, tbk
sido industri jamu dan farmasi sido muncul, tbk
tspc tempo scan pacific, tbk
mbto martna berto, tbk
mrat mustka ratu, tbk
tcid mandom indonesia, tbk
unvr unilever indonesia, tbk
kdsi kedawung seta industrial, tbk
kici kendaung indah can, tbk
lmpi langgeng makmur industry, tbk
cint chitose internatonal, tbk
i tahun 2010-2014

2014
ades DATA TIDAK LENGKAP
data yang
aisa diperlukan dari
alto 2010-2014
ceka
davo ga dipake
dlta
icbp pencarian data
indf didalam laporan
mlbi tahunan
perusahaan
myor
psdn
rot Delistng; sumber dibwh
http://www.britama.com/index.php/2014/12/davomas-abadi-tbk-akan-
SKBM didelistng-dari-bursa-efek-indonesia/
sklt
sttp tdak ada laporan
ultj tahunan
ggrm
hmsp Populasi 38 190
Sample yang
rmba memenuhi 19 95
Sample yang tdak
wiim memenuhi 19 95
dvla Persentase 50% 50%
inaf
kaef Dalam PER-01/MBU/2011
klbf dikatakan bahwa komposisi Dewan Komisaris yaitu minimal
merk 20% dari anggota Dewan Komisaris berstatus independen
pyfa
scpi Komite Audit diketuai oleh Komisaris Independen
sido dan dua orang anggota profesional yang seluruhnya
SQBB berasal dari luar lingkungan Perseroan (independen).
tspc Hal tersebut telah memenuhi ketentuan dalam
mbto Keputusan Ketua Bapepam-LK No.Kep-29/PM/2004
mrat tentang Pembentukan dan Pedoman Pelaksanaan
tcid Kerja Komite Audit.
unvr
cint
kdsi
kici
lmpi
Komite audit
Frekuensi pertemuan Menjadi Partner KAP
Makanan dan minuman ADES 2-
CEKA * v
DLTA 1v
ICBP 3v
MLBI 4-
PSDN 4-
ROTI * -
SKLT 4-
ULTJ 2-
Rokok GGRM 5-
HMSP 8v
RMBA 4-
Farmasi INAF 4-
KAEF * -
KLBF 4-
PYFA 3-
Kosmetk dan barang keperTCID 14 -
UNVR 5-
peralatan rumah tangga KDSI 4v
KICI 4-
LMPI 6v

UNVR 2010
Cyrillus Harinowo Ketua Chairman
Benny Redjo Setyono Anggota Member
Muhammad Saleh Anggota Member
Dewan Komisaris
Independensi komposisi anggota independen
100% 33% Partner= dummy. Pernah = 1,
100% 33% tdak pernah = 0
100% 40%
100% 38%
100% 29% total kehadiran seluruh anggota / total
100% 33% pertemuan: rapat yang diadakan
100% 33%
100% 33%
100% 33%
100% 50% komposisi: anggota independen/jumlah
100% 40% seluruh anggota
100% 50%
100% 40% independensi anggota independen/jumlah
100% 40% seluruh anggota
100% 33%
100% 33%
100% 40% **komite audit menyelenggarakan rapat minimal 1 kali sebulan
100% 75% ** & * tdak ada keterangan
100% 50%
100% 33% TCID 2010
100% 50% Komite Audit terdiri dari 4 orang, yaitu:
1. Ketua: Humala Panggabean, Komisaris Independen
UNVR 2010 Perseroan (Mulai menjabat sebagai Ketua Komite Audit
nowo Ketua Chairman sejak tahun 2006).
Setyono Anggota Member 2. Anggota: Djasman, Komisaris Independen Perseroan
Saleh Anggota Member (mulai menjadi anggota Komite Audit sejak tahun 2010).
3. Anggota Bidang Akuntansi dan Keuangan:
Drs. Nadarsjah Mahdur, MM, Ak (Bergabung dengan
Perseroan pada tahun 2008).
4. Anggota Bidang Hukum: Edi Priyono, SH
(Bergabung dengan Perseroan pada tahun 2008).
luruh anggota / total
g diadakan

n rapat minimal 1 kali sebulan dan dihadiri seluruh anggota nya

misaris Independen
ai Ketua Komite Audit

dependen Perseroan
udit sejak tahun 2010).

Bergabung dengan

da tahun 2008).
Komite audit
pertemuan yang dihadiri
Makanan dan minuman ADES 4
CEKA *
DLTA 1
ICBP 6
MLBI 3
PSDN 4
ROTI 2
SKLT 3
ULTJ 2
Rokok GGRM 8
HMSP 10
RMBA 4
Farmasi INAF 15
KAEF *
KLBF 3
PYFA 4
Kosmetk dan barang keperluan rumah tangga TCID 14
UNVR 4
peralatan rumah tangga KDSI 6
KICI 4
LMPI 7
Komite audit Dewan Komisaris
Menjadi Partner KAP Independensi komposisi anggota independen
- 100% 33%
v 100% 33%
v 100% 40%
- 100% 38%
- 100% 43%
- 100% 33%
v 100% 33%
- 100% 33%
- 100% 33%
- 100% 50%
v 100% 40%
- 100% 40%
- 100% 40% *tdak tercantum
- 100% 40%
- 100% 33%
- 100% 33%
- 100% 40%
- 100% 80%
- 100% 50%
- 100% 33%
v 100% 50%
Komite audit
pertemuan yang dihadiri
Makanan dan minuman ADES 4
CEKA *
DLTA 1
ICBP 7
MLBI 3
PSDN 4
ROTI 2
SKLT 4
ULTJ 2
Rokok GGRM 6
HMSP 9
RMBA 4
Farmasi INAF 17
KAEF *
KLBF 4
PYFA 4
Kosmetk dan barang keperluan rumah tangga TCID 15
UNVR 5
peralatan rumah tangga KDSI 4
KICI 4
LMPI 6
Komite audit Dewan Komisaris
Menjadi Partner KAP Independensi komposisi anggota independen
- 100% 33%
v 100% 33%
v 100% 40%
v 100% 38%
- 100% 43%
- 100% 33%
- 100% 33%
- 100% 33%
- 100% 33%
- 100% 50%
v 100% 25%
- 100% 50%
- 100% 50%
- 100% 40% *tdak tercantum
- 100% 33%
- 100% 33%
v 100% 40%
- 100% 80%
- 100% 50%
- 100% 33%
v 100% 50%
Komite audit
pertemuan yang dihadiri
Makanan dan minuman ADES 3
CEKA *
DLTA 3
ICBP 7
MLBI 6
PSDN 4
ROTI 4
SKLT 4
ULTJ 2
Rokok GGRM 6
HMSP 9
RMBA 4
Farmasi INAF 20
KAEF *
KLBF 4
PYFA 4
Kosmetk dan barang keperluan rumah tangga TCID 14
UNVR 4
peralatan rumah tangga KDSI 12
KICI 4
LMPI 6
Komite audit Dewan Komisaris
Menjadi Partner KAP Independensi komposisi anggota independen
- 100% 33%
v 100% 33%
v 100% 40%
v 100% 43%
- 100% 43%
- 100% 33%
- 100% 33% hmsp sama rmba perlu dibenerin. Td da
- 100% 33%
- 100% 33%
- 100% 33%
- 100% 40%
- 100% 40%
- 100% 50%
- 100% 40% *tdak tercantum
- 100% 33%
- 100% 33% rutn = 4 x setahun
v 100% 33%
- 100% 80%
- 100% 50%
- 100% 33%
- 100% 50%
TCID

UNVR

KDSI

KICI

LMPI
ma rmba perlu dibenerin. Td data yang diinput buat 2012
Komite audit
pertemuan yang dihadiri
Makanan dan minuman ADES 3
CEKA *
DLTA 3
ICBP 6
MLBI 5
PSDN 4
ROTI 4
SKLT 4
ULTJ 3
Rokok GGRM 6
HMSP 8
RMBA 4
Farmasi INAF 16
KAEF 4
KLBF 4
PYFA 4
Kosmetk dan barang keperluan rumah tangga TCID 14
UNVR 14
peralatan rumah tangga KDSI 12
KICI 4
LMPI 12
Komite audit Dewan Komisaris
Menjadi Partner KAP Independensi komposisi anggota independen
- 100% 33%
v 100% 33%
- 100% 40%
v 100% 43%
v 100% 50%
- 100% 33%
- 100% 33%
v 100% 33%
- 100% 33%
- 100% 67%
- 100% 50%
- 100% 67%
- 100% 33%
- 100% 40%
- 100% 33%
- 100% 33%
v 100% 33%
- 100% 80%
- 100% 50%
- 100% 33%
v 100% 33%
Total aktivitas operasi
COMPANY YEAR
Arus kas Assets t-1
1 ADES 2010 (29,748,000,000) 178,287,000,000
2 DLTA 2010 44,781,206,000 760,425,630,000
3 ICBP 2010 2,252,042,000,000 10,223,893,000,000
4 MLBI 2010 320,056,000,000 993,465,000,000
5 PSDN 2010 (3,477,909,996) 353,628,509,667
6 ROTI 2010 90,305,978,570 346,977,673,235
7 SKLT 2010 8,089,259,673 196,186,028,659
8 ULTJ 2010 262,487,180,628 1,732,701,994,634
9 GGRM 2010 2,872,598,000,000 27,230,965,000,000
10 HMSP 2010 7,059,975,000,000 17,716,447,000,000
11 RMBA 2010 563,803,000,000 4,894,434,000,000
12 INAF 2010 23,713,155,870 728,034,877,648
13 KLBF 2010 1,253,907,863,696 6,482,446,670,172
14 PYFA 2010 9,538,086,241 99,937,383,195
15 TCID 2010 157,211,148,765 994,620,225,969
16 UNVR 2010 3,619,189,000,000 7,484,990,000,000
17 KDSI 2010 (22,474,112,908) 550,961,466,904
18 KICI 2010 7,293,507,200 84,276,874,394
19 LMPI 2010 19,786,335,931 540,513,720,495
20 ADES 2011 57,228,000,000 324,493,000,000
21 DLTA 2011 177,327,565,000 708,583,733,000
22 ICBP 2011 2,174,427,000,000 13,361,313,000,000
23 MLBI 2011 671,755,000,000 1,137,082,000,000
24 PSDN 2011 20,800,798,709 414,611,350,180
25 ROTI 2011 147,561,847,765 568,265,341,826
26 SKLT 2011 10,232,581,561 199,375,442,469
27 ULTJ 2011 322,963,103,223 2,006,958,011,535
28 GGRM 2011 (90,307,000,000) 30,741,679,000,000
29 HMSP 2011 11,088,270,000,000 20,525,123,000,000
30 RMBA 2011 143,218,000,000 4,902,597,000,000
31 INAF 2011 29,396,516,728 733,957,862,392
32 KLBF 2011 1,473,495,223,306 7,032,496,663,288
33 PYFA 2011 1,688,060,047 100,586,999,230
34 TCID 2011 73,140,815,235 1,047,238,440,033
35 UNVR 2011 5,461,876,000,000 8,701,262,000,000
36 KDSI 2011 45,615,668,873 557,724,815,222
37 KICI 2011 (3,385,237,611) 85,942,208,666
38 LMPI 2011 (3,527,598,887) 608,920,103,517
39 ADES 2012 87,274,000,000 316,048,000,000
40 DLTA 2012 248,441,252,000 696,166,676,000
41 ICBP 2012 3,041,616,000,000 15,354,878,000,000
42 MLBI 2012 539,860,000,000 1,220,813,000,000
43 PSDN 2012 10,746,296,476 421,366,403,319
44 ROTI 2012 189,548,542,813 759,136,918,500
45 SKLT 2012 15,260,831,786 214,237,879,424
46 ULTJ 2012 491,603,153,597 2,180,516,519,057
47 GGRM 2012 3,953,574,000,000 39,088,705,000,000
48 HMSP 2012 4,087,495,000,000 19,329,758,000,000
49 RMBA 2012 (344,108,000,000) 6,333,957,000,000
50 INAF 2012 (41,641,626,936) 1,114,901,669,774
51 KLBF 2012 1,376,343,990,025 8,274,554,112,840
52 PYFA 2012 (448,715,089) 118,033,602,852
53 TCID 2012 250,453,743,262 1,130,865,062,422
54 UNVR 2012 5,191,646,000,000 10,482,312,000,000
55 KDSI 2012 50,465,006,251 587,566,985,478
56 KICI 2012 248,174,673 87,419,114,499
57 LMPI 2012 (14,434,800,236) 685,895,619,326
58 ADES 2013 40,102,000,000 389,094,000,000
59 DLTA 2013 348,712,041,000 745,306,835,000
60 ICBP 2013 1,993,496,000,000 17,819,884,000,000
61 MLBI 2013 1,181,049,000,000 1,152,048,000,000
62 PSDN 2013 81,549,809,650 682,611,125,989
63 ROTI 2013 314,587,624,896 1,204,944,681,223
64 SKLT 2013 26,893,558,457 249,746,467,756
65 ULTJ 2013 195,989,263,645 2,420,793,382,029
66 GGRM 2013 2,472,971,000,000 41,509,325,000,000
67 HMSP 2013 10,802,179,000,000 26,247,527,000,000
68 RMBA 2013 (1,119,248,000,000) 6,935,601,000,000
69 INAF 2013 (141,616,973,090) 1,188,618,790,410
70 KLBF 2013 927,163,654,212 9,417,957,180,958
71 PYFA 2013 (5,856,771,777) 135,849,510,061
72 TCID 2013 253,851,906,566 1,261,572,952,461
73 UNVR 2013 6,236,304,000,000 11,984,979,000,000
74 KDSI 2013 85,343,533,207 570,564,051,755
75 KICI 2013 2,412,411,340 94,955,970,131
76 LMPI 2013 (28,721,183,892) 815,153,025,335
77 ADES 2014 101,377,000,000 441,064,000,000
78 DLTA 2014 164,246,813,000 867,040,802,000
79 ICBP 2014 3,860,843,000,000 21,267,470,000,000
80 MLBI 2014 913,005,000,000 1,782,148,000,000
81 PSDN 2014 21,202,281,251 681,832,338,141
82 ROTI 2014 364,975,619,113 1,822,689,047,108
83 SKLT 2014 23,398,218,902 301,989,488,699
84 ULTJ 2014 128,022,639,236 2,811,620,982,142
85 GGRM 2014 1,657,776,000,000 50,770,251,000,000
86 HMSP 2014 11,103,195,000,000 27,404,594,000,000
87 RMBA 2014 (1,221,283,000,000) 9,232,016,000,000
88 INAF 2014 148,726,901,608 1,294,510,669,195
89 KLBF 2014 2,316,125,821,045 11,315,061,275,026
90 PYFA 2014 1,472,541,371 175,118,921,406
91 TCID 2014 123,551,162,065 1,465,952,460,752
92 UNVR 2014 6,462,722,000,000 11,339,111,000,000
93 KDSI 2014 (24,155,490,938) 850,233,842,186
94 KICI 2014 1,313,583,361 98,295,722,100
95 LMPI 2014 7,786,642,389 822,189,506,877
TAHUN 2008
Sales Sales t-1 Sales t-2 Sales - Sales t-1
218,748,000,000 134,438,000,000 129,542,000,000 84,310,000,000
1,205,482,258,000 1,264,851,082,000 (59,368,824,000)
17,960,120,000,000 16,332,607,000,000 12,042,262,000,000 1,627,513,000,000
1,790,164,000,000 1,616,264,000,000 1,325,661,000,000 173,900,000,000
928,526,978,567 592,358,364,380 336,168,614,187
612,192,357,641 485,919,837,348 - 126,272,520,293
314,145,710,944 276,312,034,061 37,833,676,883
1,880,411,473,916 1,613,927,991,404 1,362,606,580,492 266,483,482,512
37,691,997,000,000 32,973,080,000,000 30,251,643,000,000 4,718,917,000,000
43,381,658,000,000 38,972,186,000,000 34,680,445,000,000 4,409,472,000,000
8,904,568,000,000 7,255,325,000,000 5,940,801,161,593 1,649,243,000,000
1,047,918,156,470 1,125,055,390,936 1,478,585,255,395 (77,137,234,466)
10,226,789,206,223 9,087,347,669,804 7,877,366,385,633 1,139,441,536,419
140,858,442,443 132,000,542,048 119,580,973,204 8,857,900,395
1,466,938,711,851 1,388,724,644,234 1,239,775,000,000 78,214,067,617
19,690,239,000,000 18,246,872,000,000 15,577,811,000,000 1,443,367,000,000
1,123,050,137,949 959,834,347,152 163,215,790,797
80,789,650,755 83,010,877,783 (2,221,227,028)
401,594,186,536 381,140,623,990 20,453,562,546
299,409,000,000 218,748,000,000 134,438,000,000 80,661,000,000
1,394,152,938,000 1,205,482,258,000 1,264,851,082,000 188,670,680,000
19,367,155,000,000 17,960,120,000,000 16,332,607,000,000 1,407,035,000,000
1,858,750,000,000 1,790,164,000,000 1,616,264,000,000 68,586,000,000
1,246,290,753,836 928,526,978,567 592,358,364,380 317,763,775,269
813,342,078,952 612,192,357,641 485,919,837,348 201,149,721,311
344,435,729,830 314,145,710,944 276,312,034,061 30,290,018,886
2,102,383,741,532 1,880,411,473,916 1,613,927,991,404 221,972,267,616
41,884,352,000,000 37,691,997,000,000 32,973,080,000,000 4,192,355,000,000
52,856,708,000,000 43,381,658,000,000 38,972,186,000,000 9,475,050,000,000
10,070,175,000,000 8,904,568,000,000 7,255,325,000,000 1,165,607,000,000
1,203,466,970,652 1,047,918,156,470 1,125,055,390,936 155,548,814,182
10,911,860,141,523 10,226,789,206,223 9,087,347,669,804 685,070,935,300
151,094,461,045 140,858,442,443 132,000,542,048 10,236,018,602
1,654,671,098,358 1,466,938,711,851 1,388,724,644,234 187,732,386,507
23,469,218,000,000 19,690,239,000,000 18,246,872,000,000 3,778,979,000,000
1,180,506,128,191 1,123,050,137,949 959,834,347,152 57,455,990,242
87,517,382,578 80,789,650,755 83,010,877,783 6,727,731,823
502,186,982,451 401,594,186,536 381,140,623,990 100,592,795,915
476,638,000,000 299,409,000,000 218,748,000,000 177,229,000,000
1,719,814,548,000 1,394,152,938,000 1,205,482,258,000 325,661,610,000
21,716,913,000,000 19,367,155,000,000 17,960,120,000,000 2,349,758,000,000
1,566,984,000,000 1,858,750,000,000 1,790,164,000,000 (291,766,000,000)
1,305,116,747,447 1,246,290,753,836 928,526,978,567 58,825,993,611
1,190,825,893,340 813,342,078,952 612,192,357,641 377,483,814,388
401,724,215,506 344,435,729,830 314,145,710,944 57,288,485,676
2,809,851,307,439 2,102,383,741,532 1,880,411,473,916 707,467,565,907
49,028,696,000,000 41,884,352,000,000 37,691,997,000,000 7,144,344,000,000
66,626,123,000,000 52,856,708,000,000 43,381,658,000,000 13,769,415,000,000
9,850,010,000,000 10,070,175,000,000 8,904,568,000,000 (220,165,000,000)
1,156,050,256,720 1,203,466,970,652 1,047,918,156,470 (47,416,713,932)
13,636,405,178,957 10,911,860,141,523 10,226,789,206,223 2,724,545,037,434
176,730,979,672 151,094,461,045 140,858,442,443 25,636,518,627
1,851,152,825,559 1,654,671,098,358 1,466,938,711,851 196,481,727,201
27,303,248,000,000 23,469,218,000,000 19,690,239,000,000 3,834,030,000,000
1,301,332,627,213 1,180,506,128,191 1,123,050,137,949 120,826,499,022
94,787,254,405 87,517,382,578 80,789,650,755 7,269,871,827
598,259,974,490 502,186,982,451 401,594,186,536 96,072,992,039
502,524,000,000 476,638,000,000 299,409,000,000 25,886,000,000
2,001,358,536,000 1,719,814,548,000 1,394,152,938,000 281,543,988,000
25,094,681,000,000 21,716,913,000,000 19,367,155,000,000 3,377,768,000,000
3,561,989,000,000 1,566,984,000,000 1,858,750,000,000 1,995,005,000,000
1,279,553,071,584 1,305,116,747,447 1,246,290,753,836 (25,563,675,863)
1,505,519,937,691 1,190,825,893,340 813,342,078,952 314,694,044,351
567,048,547,543 401,724,215,506 344,435,729,830 165,324,332,037
3,460,231,249,075 2,809,851,307,439 2,102,383,741,532 650,379,941,636
55,436,954,000,000 49,028,696,000,000 41,884,352,000,000 6,408,258,000,000
75,025,207,000,000 66,626,123,000,000 52,856,708,000,000 8,399,084,000,000
12,273,615,000,000 9,850,010,000,000 10,070,175,000,000 2,423,605,000,000
1,337,498,191,710 1,156,050,256,720 1,203,466,970,652 181,447,934,990
16,002,131,057,048 13,636,405,178,957 10,911,860,141,523 2,365,725,878,091
192,555,731,180 176,730,979,672 151,094,461,045 15,824,751,508
2,027,899,402,527 1,851,152,825,559 1,654,671,098,358 176,746,576,968
30,757,435,000,000 27,303,248,000,000 23,469,218,000,000 3,454,187,000,000
1,389,314,584,485 1,301,332,627,213 1,180,506,128,191 87,981,957,272
99,029,696,717 94,787,254,405 87,517,382,578 4,242,442,312
676,111,070,762 598,259,974,490 502,186,982,451 77,851,096,272
578,784,000,000 502,524,000,000 476,638,000,000 76,260,000,000
2,111,639,244,000 2,001,358,536,000 1,719,814,548,000 110,280,708,000
30,022,463,000,000 25,094,681,000,000 21,716,913,000,000 4,927,782,000,000
2,988,501,000,000 3,561,989,000,000 1,566,984,000,000 (573,488,000,000)
975,081,057,089 1,279,553,071,584 1,305,116,747,447 (304,472,014,495)
1,880,262,901,697 1,505,519,937,691 1,190,825,893,340 374,742,964,006
681,419,524,161 567,048,547,543 401,724,215,506 114,370,976,618
3,916,789,366,423 3,460,231,249,075 2,809,851,307,439 456,558,117,348
65,185,850,000,000 55,436,954,000,000 49,028,696,000,000 9,748,896,000,000
80,690,139,000,000 75,025,207,000,000 66,626,123,000,000 5,664,932,000,000
14,091,156,000,000 12,273,615,000,000 9,850,010,000,000 1,817,541,000,000
1,381,436,578,115 1,337,498,191,710 1,156,050,256,720 43,938,386,405
17,368,532,547,558 16,002,131,057,048 13,636,405,178,957 1,366,401,490,510
222,302,407,528 192,555,731,180 176,730,979,672 29,746,676,348
2,308,203,551,971 2,027,899,402,527 1,851,152,825,559 280,304,149,444
34,511,534,000,000 30,757,435,000,000 27,303,248,000,000 3,754,099,000,000
1,626,232,662,544 1,389,314,584,485 1,301,332,627,213 236,918,078,059
102,971,318,497 99,029,696,717 94,787,254,405 3,941,621,780
513,547,309,970 676,111,070,762 598,259,974,490 (162,563,760,792)
(St-1)-(St-2) Biaya R&D Biaya Iklan Biaya U&A Biaya disexp
4,896,000,000 - 15,051,000,000 11,854,000,000 26,905,000,000
1,264,851,082,000 - 84,736,778,000 31,742,557,000 116,479,335,000
4,290,345,000,000 8,233,000,000 555,758,000,000 528,268,000,000 1,092,259,000,000
290,603,000,000 - 173,027,000,000 90,050,000,000 263,077,000,000
592,358,364,380 - 546,193,186 46,148,392,656 46,694,585,842
485,919,837,348 - 42,308,793,244 29,563,972,815 71,872,766,059
276,312,034,061 - 8,038,825,015 25,870,525,960 33,909,350,975
251,321,410,912 - 179,618,430,010 75,298,724,190 254,917,154,200
2,721,437,000,000 - 1,382,355,000,000 1,174,324,000,000 2,556,679,000,000
4,291,741,000,000 - 1,171,373,000,000 799,802,000,000 1,971,175,000,000
1,314,523,838,407 77,675,000,000 453,285,000,000 574,617,000,000 1,105,577,000,000
(353,529,864,459) - 85,210,851,604 92,084,629,904 177,295,481,508
1,209,981,284,171 255,240,990,209 849,939,173,703 580,973,135,334 1,686,153,299,246
12,419,568,844 3,055,661,309 33,512,216,130 24,077,212,993 60,645,090,432
148,949,644,234 1,743,482,469 62,450,154,606 131,803,251,330 195,996,888,405
2,669,061,000,000 - 4,523,283,000,000 1,139,057,000,000 5,662,340,000,000
959,834,347,152 - 2,069,413,330 35,390,822,307 37,460,235,637
83,010,877,783 - 165,292,212 9,471,364,209 9,636,656,421
381,140,623,990 - 11,869,117,624 34,715,299,532 46,584,417,156
84,310,000,000 - 22,198,000,000 26,166,000,000 48,364,000,000
(59,368,824,000) - 34,683,985,000 44,816,524,000 79,500,509,000
1,627,513,000,000 15,377,000,000 556,486,000,000 592,140,000,000 1,164,003,000,000
173,900,000,000 - 147,068,000,000 89,627,000,000 236,695,000,000
336,168,614,187 - 764,295,494 57,639,491,159 58,403,786,653
126,272,520,293 - 50,834,091,871 49,749,648,429 100,583,740,300
37,833,676,883 - 12,642,627,562 28,394,638,673 41,037,266,235
266,483,482,512 - 184,219,248,796 82,175,860,795 266,395,109,591
4,718,917,000,000 - 1,443,992,000,000 1,262,017,000,000 2,706,009,000,000
4,409,472,000,000 39,068,000,000 1,268,329,000,000 1,015,497,000,000 2,322,894,000,000
1,649,243,000,000 12,161,000,000 709,450,000,000 585,694,000,000 1,307,305,000,000
(77,137,234,466) - 97,009,366,601 110,641,804,738 207,651,171,339
1,139,441,536,419 288,011,034,030 913,658,193,578 586,524,605,026 1,788,193,832,634
8,857,900,395 3,052,117,674 28,671,486,448 31,093,392,430 62,816,996,552
78,214,067,617 2,418,088,736 67,662,632,722 151,473,210,966 221,553,932,424
1,443,367,000,000 - 5,243,477,000,000 1,307,526,000,000 6,551,003,000,000
163,215,790,797 - 3,813,620,802 44,193,950,873 48,007,571,675
(2,221,227,028) - 196,429,839 10,010,932,719 10,207,362,558
20,453,562,546 - 7,425,300,076 39,872,344,266 47,297,644,342
80,661,000,000 - 51,617,000,000 69,699,000,000 121,316,000,000
188,670,680,000 - 48,936,656,000 47,997,113,000 96,933,769,000
1,407,035,000,000 - 722,395,000,000 867,432,000,000 1,589,827,000,000
68,586,000,000 - 157,798,000,000 54,737,000,000 212,535,000,000
317,763,775,269 - 692,069,132 73,368,203,760 74,060,272,892
201,149,721,311 - 93,989,952,453 66,782,827,962 160,772,780,415
30,290,018,886 - 16,790,609,070 32,428,628,387 49,219,237,457
221,972,267,616 - 167,561,020,676 82,694,854,869 250,255,875,545
4,192,355,000,000 - 1,057,713,000,000 1,483,645,000,000 2,541,358,000,000
9,475,050,000,000 53,739,000,000 1,619,005,000,000 973,203,000,000 2,645,947,000,000
1,165,607,000,000 39,142,000,000 787,894,000,000 537,242,000,000 1,364,278,000,000
155,548,814,182 - 63,936,348,041 119,479,588,756 183,415,936,797
685,070,935,300 352,841,368,113 1,203,196,545,171 651,416,535,513 2,207,454,448,797
10,236,018,602 1,464,351,568 41,610,712,455 24,297,768,556 67,372,832,579
187,732,386,507 2,736,936,726 62,788,066,952 172,808,733,480 238,333,737,158
3,778,979,000,000 - 2,949,710,000,000 1,544,946,000,000 4,494,656,000,000
57,455,990,242 - 4,387,391,466 50,906,396,424 55,293,787,890
6,727,731,823 - 248,357,154 9,583,593,366 9,831,950,520
100,592,795,915 - 11,063,213,940 47,862,082,715 58,925,296,655
177,229,000,000 - 60,704,000,000 84,982,000,000 145,686,000,000
325,661,610,000 - 51,460,958,000 56,931,670,000 108,392,628,000
2,349,758,000,000 - 822,984,000,000 1,139,810,000,000 1,962,794,000,000
(291,766,000,000) - 294,784,000,000 116,205,000,000 410,989,000,000
58,825,993,611 - 716,740,250 80,048,588,332 80,765,328,582
377,483,814,388 - 93,436,249,410 111,694,601,827 205,130,851,237
57,288,485,676 - 22,583,944,937 42,899,643,532 65,483,588,469
707,467,565,907 - 197,064,815,077 117,578,345,972 314,643,161,049
7,144,344,000,000 - 1,573,209,000,000 1,738,115,000,000 3,311,324,000,000
13,769,415,000,000 49,437,000,000 1,611,652,000,000 1,039,611,000,000 2,700,700,000,000
(220,165,000,000) 31,040,000,000 1,373,161,000,000 626,755,000,000 2,030,956,000,000
(47,416,713,932) - 75,875,449,908 150,886,637,544 226,762,087,452
2,724,545,037,434 404,228,957,297 1,411,588,123,120 764,512,533,499 2,580,329,613,916
25,636,518,627 - 56,545,882,930 23,506,432,189 80,052,315,119
196,481,727,201 3,522,441,840 87,973,347,081 135,278,591,483 226,774,380,404
3,834,030,000,000 - 3,092,853,000,000 2,028,895,000,000 5,121,748,000,000
120,826,499,022 - 4,669,427,047 56,330,167,776 60,999,594,823
7,269,871,827 - 318,941,611 10,578,495,205 10,897,436,816
96,072,992,039 - 15,057,899,526 54,767,888,516 69,825,788,042
25,886,000,000 - 68,318,000,000 78,974,000,000 147,292,000,000
281,543,988,000 - 44,046,818,000 60,187,749,000 104,234,567,000
3,377,768,000,000 - 1,121,321,000,000 1,338,555,000,000 2,459,876,000,000
1,995,005,000,000 - 233,797,000,000 137,354,000,000 371,151,000,000
(25,563,675,863) - 351,644,199 87,500,904,324 87,852,548,523
314,694,044,351 - 88,500,948,568 156,294,226,755 244,795,175,323
165,324,332,037 - 21,914,566,049 58,626,674,305 80,541,240,354
650,379,941,636 - 209,633,821,073 120,797,689,973 330,431,511,046
6,408,258,000,000 - 1,355,056,000,000 2,163,062,000,000 3,518,118,000,000
8,399,084,000,000 61,893,000,000 2,532,726,000,000 1,399,271,000,000 3,993,890,000,000
2,423,605,000,000 43,037,000,000 972,066,000,000 714,780,000,000 1,729,883,000,000
181,447,934,990 - 66,693,354,342 91,648,356,136 158,341,710,478
2,365,725,878,091 413,140,677,636 1,476,148,488,748 901,181,791,170 2,790,470,957,554
15,824,751,508 - 62,571,693,534 29,104,649,156 91,676,342,690
176,746,576,968 4,237,756,137 108,574,150,874 153,757,471,107 266,569,378,118
3,454,187,000,000 - 2,924,847,000,000 2,705,822,000,000 5,630,669,000,000
87,981,957,272 - 5,342,518,561 58,516,731,663 63,859,250,224
4,242,442,312 - 401,769,649 12,269,748,108 12,671,517,757
77,851,096,272 - 3,717,221,859 52,916,239,577 56,633,461,436
Biaya Produksi
94,105,000,000
191,443,704,000
12,962,663,000,000
755,363,000,000
861,343,628,907
323,130,242,695
119,411,336,027
199,097,451,751
8,670,037,000,000
8,300,628,000,000
7,459,569,000,000
316,184,985,165
2,193,780,782,109
47,651,767,915
897,480,370,841
9,312,645,000,000
1,004,879,938,674
78,540,119,865
316,708,679,465
115,256,000,000
171,875,641,000
14,361,153,000,000
771,530,000,000
1,105,523,553,357
434,391,215,276
137,963,831,668
258,747,532,210
9,996,619,000,000
37,661,205,000,000
8,132,126,000,000
357,023,490,779
2,472,676,852,771
54,668,797,714
1,078,059,017,282
11,251,260,000,000
1,036,257,726,795
77,079,565,502
408,006,853,202
169,538,000,000
207,355,250,000
15,962,968,000,000
636,137,000,000
1,089,587,002,786
635,457,238,173
158,381,370,023
298,456,991,275
12,701,504,000,000
11,954,147,000,000
8,842,255,000,000
349,272,374,327
3,259,837,234,850
50,986,552,254
1,131,533,798,550
12,873,343,000,000
1,144,298,429,584
78,146,203,645
550,696,446,354
227,623,000,000
257,019,263,000
18,704,985,000,000
1,268,615,000,000
1,110,532,296,910
806,969,588,408
221,466,803,222
359,096,259,187
14,517,870,000,000
13,443,354,000,000
10,832,967,000,000
426,301,468,607
4,098,718,289,127
64,477,144,897
1,288,310,481,938
14,171,222,000,000
1,198,493,708,005
83,042,667,039
538,928,431,055
291,441,000,000
266,329,287,000
20,475,178,000,000
1,225,268,000,000
851,685,894,008
978,618,661,688
275,570,102,556
429,919,590,519
17,242,165,000,000
14,317,403,000,000
12,280,225,000,000
262,612,273,471
5,098,758,862,677
76,400,965,245
1,456,303,985,703
16,981,449,000,000
1,401,123,890,459
80,221,702,156
398,544,309,557
total aset (t-1)
2009 2010 2011
Makanan ADES 178,287,000,000 324,493,000,000 316,048,000,000
CEKA 568,603,115,385 850,469,914,144 823,360,918,368
DLTA 760,425,630,000 708,583,733,000 696,166,676,000
ICBP 10,223,893,000,000 13,361,313,000,000 15,354,878,000,000
MLBI 993,465,000,000 1,137,082,000,000 1,220,813,000,000
PSDN 353,628,509,667 414,611,350,180 421,366,403,319
ROTI 346,977,673,235 568,265,341,826 759,136,918,500
SKLT 196,186,028,659 199,375,442,469 214,237,879,424
ULTJ 1,732,701,994,634 2,006,958,011,535 2,180,516,519,057
Rokok GGRM 27,230,965,000,000 30,741,679,000,000 39,088,705,000,000
HMSP 17,716,447,000,000 20,525,123,000,000 19,329,758,000,000
RMBA 4,894,434,000,000 4,902,597,000,000 6,333,957,000,000
Farmasi INAF 728,034,877,648 733,957,862,392 1,114,901,669,774
KAEF 1,565,831,266,274 1,657,291,834,312 1,794,399,675,018
KLBF 6,482,446,670,172 7,032,496,663,288 8,274,554,112,840
PYFA 99,937,383,195 100,586,999,230 118,033,602,852
Kosmetk TCID 994,620,225,969 1,047,238,440,033 1,130,865,062,422
UNVR 7,484,990,000,000 8,701,262,000,000 10,482,312,000,000
peralatan KDSI 550,961,466,904 557,724,815,222 587,566,985,478
KICI 84,276,874,394 85,942,208,666 87,419,114,499
LMPI 540,513,720,495 608,920,103,517 685,895,619,326

Arus kas aktvitas operasi


2010 2011 2012
Makanan ADES (29,748,000,000) 57,228,000,000 87,274,000,000
CEKA
DLTA 44,781,206,000 177,327,565,000 248,441,252,000
ICBP 2,252,042,000,000 2,174,427,000,000 3,041,616,000,000
MLBI 320,056,000,000 671,755,000,000 539,860,000,000
PSDN (3,477,909,996) 20,800,798,709 10,746,296,476
ROTI 90,305,978,570 147,561,847,765 189,548,542,813
SKLT 8,089,259,673 10,232,581,561 15,260,831,786
ULTJ 262,487,180,628 322,963,103,223 491,603,153,597
Rokok GGRM 2,872,598,000,000 (90,307,000,000) 3,953,574,000,000
HMSP 7,059,975,000,000 11,088,270,000,000 4,087,495,000,000
RMBA 563,803,000,000 143,218,000,000 (344,108,000,000)
Farmasi INAF 23,713,155,870 29,396,516,728 (41,641,626,936)
KAEF
KLBF 1,253,907,863,696 1,473,495,223,306 1,376,343,990,025
PYFA 9,538,086,241 1,688,060,047 (448,715,089)
Kosmetk TCID 157,211,148,765 73,140,815,235 250,453,743,262
UNVR 3,619,189,000,000 5,461,876,000,000 5,191,646,000,000
peralatan KDSI (22,474,112,908) 45,615,668,873 50,465,006,251
KICI 7,293,507,200 (3,385,237,611) 248,174,673
LMPI 19,786,335,931 (3,527,598,887) (14,434,800,236)

Promosi dan pemasaran


Biaya iklan
2010 2011 2012
Makanan ADES 15,051,000,000 22,198,000,000 51,617,000,000
CEKA
DLTA 84,736,778,000 34,683,985,000 48,936,656,000
ICBP 555,758,000,000 556,486,000,000 722,395,000,000
MLBI 173,027,000,000 147,068,000,000 157,798,000,000
PSDN 546,193,186 764,295,494 692,069,132
ROTI 42,308,793,244 50,834,091,871 93,989,952,453
SKLT 8,038,825,015 12,642,627,562 16,790,609,070
ULTJ 179,618,430,010 184,219,248,796 167,561,020,676
Rokok GGRM 1,382,355,000,000 1,443,992,000,000 1,057,713,000,000
HMSP 1,171,373,000,000 1,268,329,000,000 1,619,005,000,000
RMBA 453,285,000,000 709,450,000,000 787,894,000,000
Farmasi INAF 85,210,851,604 97,009,366,601 63,936,348,041
KAEF
KLBF 849,939,173,703 913,658,193,578 1,203,196,545,171
PYFA 33,512,216,130 28,671,486,448 41,610,712,455
Kosmetk TCID 62,450,154,606 67,662,632,722 62,788,066,952
UNVR 4,523,283,000,000 5,243,477,000,000 2,949,710,000,000
peralatan KDSI 2,069,413,330 3,813,620,802 4,387,391,466
KICI 165,292,212 196,429,839 248,357,154
LMPI 11,869,117,624 7,425,300,076 11,063,213,940
(t-1) penjualan(t-1)
2012 2013 2009 2010
389,094,000,000 441,064,000,000 134,438,000,000 218,748,000,000
1,027,692,718,504 1,069,627,299,747 1,194,543,761,621 718,204,875,108
745,306,835,000 867,040,802,000 1,264,851,082,000 1,205,482,258,000
17,819,884,000,000 21,267,470,000,000 16,332,607,000,000 17,960,120,000,000
1,152,048,000,000 1,782,148,000,000 1,616,264,000,000 1,790,164,000,000
682,611,125,989 681,832,338,141 592,358,364,380 928,526,978,567
1,204,944,681,223 1,822,689,047,108 485,919,837,348 612,192,357,641
249,746,467,756 301,989,488,699 276,312,034,061 314,145,710,944
2,420,793,382,029 2,811,620,982,142 1,613,927,991,404 1,880,411,473,916
41,509,325,000,000 50,770,251,000,000 32,973,080,000,000 37,691,997,000,000
26,247,527,000,000 27,404,594,000,000 38,972,186,000,000 43,381,658,000,000
6,935,601,000,000 9,232,016,000,000 7,255,325,000,000 8,904,568,000,000
1,188,618,790,410 1,294,510,669,195 1,125,055,390,936 1,047,918,156,470
2,076,347,580,785 2,471,939,548,890 2,854,057,690,479 3,183,829,303,909
9,417,957,180,958 11,315,061,275,026 9,087,347,669,804 10,226,789,206,223
135,849,510,061 175,118,921,406 132,000,542,048 140,858,442,443
1,261,572,952,461 1,465,952,460,752 1,388,724,644,234 1,466,938,711,851
11,984,979,000,000 11,339,111,000,000 18,246,872,000,000 19,690,239,000,000
570,564,051,755 850,233,842,186 959,834,347,152 1,123,050,137,949
94,955,970,131 98,295,722,100 83,010,877,783 80,789,650,755
815,153,025,335 822,189,506,877 381,140,623,990 401,594,186,536

as operasi penjualan(t-2)
2013 2014 2008 2009
40,102,000,000 101,377,000,000 129,542,000,000 134,438,000,000
1,194,543,761,621
348,712,041,000 164,246,813,000 IPO 1984 1,264,851,082,000
1,993,496,000,000 3,860,843,000,000 12,042,262,000,000 16,332,607,000,000
1,181,049,000,000 913,005,000,000 1,325,661,000,000 1,616,264,000,000
81,549,809,650 21,202,281,251 IPO 1994 592,358,364,380
314,587,624,896 364,975,619,113 IPO 2010 485,919,837,348
26,893,558,457 23,398,218,902 313,125,226,415 276,312,034,061
195,989,263,645 128,022,639,236 1,362,606,580,492 1,613,927,991,404
2,472,971,000,000 1,657,776,000,000 30,251,643,000,000 32,973,080,000,000
10,802,179,000,000 11,103,195,000,000 34,680,445,000,000 38,972,186,000,000
(1,119,248,000,000) (1,221,283,000,000) 5,940,801,161,593 7,255,325,000,000
(141,616,973,090) 148,726,901,608 1,478,585,255,395 1,125,055,390,936
2,854,057,690,479
927,163,654,212 2,316,125,821,045 7,877,366,385,633 9,087,347,669,804
(5,856,771,777) 1,472,541,371 119,580,973,204 132,000,542,048
253,851,906,566 123,551,162,065 1,239,775,000,000 1,388,724,644,234
6,236,304,000,000 6,462,722,000,000 15,577,811,000,000 18,246,872,000,000
85,343,533,207 (24,155,490,938) IPO 1996 959,834,347,152
2,412,411,340 1,313,583,361 IPO 1993 83,010,877,783
(28,721,183,892) 7,786,642,389 326,182,642,756 381,140,623,990

an Biaya U&A
2013 2014 2010 2011
60,704,000,000 68,318,000,000 11,854,000,000 26,166,000,000

51,460,958,000 44,046,818,000 31,742,557,000 44,816,524,000


822,984,000,000 1,121,321,000,000 528,268,000,000 592,140,000,000
294,784,000,000 233,797,000,000 90,050,000,000 89,627,000,000
716,740,250 351,644,199 46,148,392,656 57,639,491,159
93,436,249,410 88,500,948,568 29,563,972,815 49,749,648,429
22,583,944,937 21,914,566,049 25,870,525,960 28,394,638,673
197,064,815,077 209,633,821,073 75,298,724,190 82,175,860,795
1,573,209,000,000 1,355,056,000,000 1,174,324,000,000 1,262,017,000,000
1,611,652,000,000 2,532,726,000,000 799,802,000,000 1,015,497,000,000
1,373,161,000,000 972,066,000,000 574,617,000,000 585,694,000,000
75,875,449,908 66,693,354,342 92,084,629,904 110,641,804,738

1,411,588,123,120 1,476,148,488,748 580,973,135,334 586,524,605,026


56,545,882,930 62,571,693,534 24,077,212,993 31,093,392,430
87,973,347,081 108,574,150,874 131,803,251,330 151,473,210,966
3,092,853,000,000 2,924,847,000,000 1,139,057,000,000 1,307,526,000,000
4,669,427,047 5,342,518,561 35,390,822,307 44,193,950,873
318,941,611 401,769,649 9,471,364,209 10,010,932,719
15,057,899,526 3,717,221,859 34,715,299,532 39,872,344,266
penjualan(t-1)
2011 2012 2013 2010
299,409,000,000 476,638,000,000 502,524,000,000 218,748,000,000
1,238,169,022,036 1,123,519,657,631 2,531,881,182,546 718,204,875,108
1,394,152,938,000 1,719,814,548,000 2,001,358,536,000 1,205,482,258,000
19,367,155,000,000 21,716,913,000,000 25,094,681,000,000 17,960,120,000,000
1,858,750,000,000 1,566,984,000,000 3,561,989,000,000 1,790,164,000,000
1,246,290,753,836 1,305,116,747,447 1,279,553,071,584 928,526,978,567
813,342,078,952 1,190,825,893,340 1,505,519,937,691 612,192,357,641
344,435,729,830 401,724,215,506 567,048,547,543 314,145,710,944
2,102,383,741,532 2,809,851,307,439 3,460,231,249,075 1,880,411,473,916
41,884,352,000,000 49,028,696,000,000 55,436,954,000,000 37,691,997,000,000
52,856,708,000,000 66,626,123,000,000 75,025,207,000,000 43,381,658,000,000
10,070,175,000,000 9,850,010,000,000 12,273,615,000,000 8,904,568,000,000
1,203,466,970,652 1,156,050,256,720 1,337,498,191,710 1,047,918,156,470
3,481,166,441,259 3,734,241,101,309 4,348,073,988,385 3,183,829,303,909
10,911,860,141,523 13,636,405,178,957 16,002,131,057,048 10,226,789,206,223
151,094,461,045 176,730,979,672 192,555,731,180 140,858,442,443
1,654,671,098,358 1,851,152,825,559 2,027,899,402,527 1,466,938,711,851
23,469,218,000,000 27,303,248,000,000 30,757,435,000,000 19,690,239,000,000
1,180,506,128,191 1,301,332,627,213 1,389,314,584,485 1,123,050,137,949
87,517,382,578 94,787,254,405 99,029,696,717 80,789,650,755
502,186,982,451 598,259,974,490 676,111,070,762 401,594,186,536

YANG BELOM ADA SALES 2008


penjualan(t-2)
2010 2011 2012 2010
218,748,000,000 299,409,000,000 476,638,000,000 -
718,204,875,108 1,238,169,022,036 1,123,519,657,631
1,205,482,258,000 1,394,152,938,000 1,719,814,548,000 -
17,960,120,000,000 19,367,155,000,000 21,716,913,000,000 8,233,000,000
1,790,164,000,000 1,858,750,000,000 1,566,984,000,000 -
928,526,978,567 1,246,290,753,836 1,305,116,747,447 -
612,192,357,641 813,342,078,952 1,190,825,893,340 -
314,145,710,944 344,435,729,830 401,724,215,506 -
1,880,411,473,916 2,102,383,741,532 2,809,851,307,439 -
37,691,997,000,000 41,884,352,000,000 49,028,696,000,000 -
43,381,658,000,000 52,856,708,000,000 66,626,123,000,000 -
8,904,568,000,000 10,070,175,000,000 9,850,010,000,000 77,675,000,000
1,047,918,156,470 1,203,466,970,652 1,156,050,256,720 -
3,183,829,303,909 3,481,166,441,259 3,734,241,101,309
10,226,789,206,223 10,911,860,141,523 13,636,405,178,957 255,240,990,209
140,858,442,443 151,094,461,045 176,730,979,672 3,055,661,309
1,466,938,711,851 1,654,671,098,358 1,851,152,825,559 1,743,482,469
19,690,239,000,000 23,469,218,000,000 27,303,248,000,000 -
1,123,050,137,949 1,180,506,128,191 1,301,332,627,213 -
80,789,650,755 87,517,382,578 94,787,254,405 -
401,594,186,536 502,186,982,451 598,259,974,490 -

Umum dan administrasi


Biaya U&A
2012 2013 2014 2010
69,699,000,000 84,982,000,000 78,974,000,000 94,105,000,000

47,997,113,000 56,931,670,000 60,187,749,000 191,443,704,000


867,432,000,000 1,139,810,000,000 1,338,555,000,000 12,962,663,000,000
54,737,000,000 116,205,000,000 137,354,000,000 755,363,000,000
73,368,203,760 80,048,588,332 87,500,904,324 861,343,628,907
66,782,827,962 111,694,601,827 156,294,226,755 323,130,242,695
32,428,628,387 42,899,643,532 58,626,674,305 119,411,336,027
82,694,854,869 117,578,345,972 120,797,689,973 199,097,451,751
1,483,645,000,000 1,738,115,000,000 2,163,062,000,000 8,670,037,000,000
973,203,000,000 1,039,611,000,000 1,399,271,000,000 8,300,628,000,000
537,242,000,000 626,755,000,000 714,780,000,000 7,459,569,000,000
119,479,588,756 150,886,637,544 91,648,356,136 316,184,985,165

651,416,535,513 764,512,533,499 901,181,791,170 2,193,780,782,109


24,297,768,556 23,506,432,189 29,104,649,156 47,651,767,915
172,808,733,480 135,278,591,483 153,757,471,107 897,480,370,841
1,544,946,000,000 2,028,895,000,000 2,705,822,000,000 9,312,645,000,000
50,906,396,424 56,330,167,776 58,516,731,663 1,004,879,938,674
9,583,593,366 10,578,495,205 12,269,748,108 78,540,119,865
47,862,082,715 54,767,888,516 52,916,239,577 316,708,679,465
penjualan(t)
2011 2012 2013 2014
299,409,000,000 476,638,000,000 502,524,000,000 578,784,000,000
1,238,169,022,036 1,123,519,657,631 2,531,881,182,546 ga ada di AR
1,394,152,938,000 1,719,814,548,000 2,001,358,536,000 2,111,639,244,000
19,367,155,000,000 21,716,913,000,000 25,094,681,000,000 30,022,463,000,000
1,858,750,000,000 1,566,984,000,000 3,561,989,000,000 2,988,501,000,000
1,246,290,753,836 1,305,116,747,447 1,279,553,071,584 975,081,057,089
813,342,078,952 1,190,825,893,340 1,505,519,937,691 1,880,262,901,697
344,435,729,830 401,724,215,506 567,048,547,543 681,419,524,161
2,102,383,741,532 2,809,851,307,439 3,460,231,249,075 3,916,789,366,423
41,884,352,000,000 49,028,696,000,000 55,436,954,000,000 65,185,850,000,000
52,856,708,000,000 66,626,123,000,000 75,025,207,000,000 80,690,139,000,000
10,070,175,000,000 9,850,010,000,000 12,273,615,000,000 14,091,156,000,000
1,203,466,970,652 1,156,050,256,720 1,337,498,191,710 1,381,436,578,115
3,481,166,441,259 3,734,241,101,309 4,348,073,988,385 4,521,024,379,759
10,911,860,141,523 13,636,405,178,957 16,002,131,057,048 17,368,532,547,558
151,094,461,045 176,730,979,672 192,555,731,180 222,302,407,528
1,654,671,098,358 1,851,152,825,559 2,027,899,402,527 2,308,203,551,971
23,469,218,000,000 27,303,248,000,000 30,757,435,000,000 34,511,534,000,000
1,180,506,128,191 1,301,332,627,213 1,389,314,584,485 1,626,232,662,544
87,517,382,578 94,787,254,405 99,029,696,717 102,971,318,497
502,186,982,451 598,259,974,490 676,111,070,762 513,547,309,970

Penelitan dan pengembangan


Biaya R&D
2011 2012 2013 2014
- - - -

- - - -
15,377,000,000 - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
39,068,000,000 53,739,000,000 49,437,000,000 61,893,000,000
12,161,000,000 39,142,000,000 31,040,000,000 43,037,000,000
- - - -

288,011,034,030 352,841,368,113 404,228,957,297 413,140,677,636


3,052,117,674 1,464,351,568 - -
2,418,088,736 2,736,936,726 3,522,441,840 4,237,756,137
- - - -
- - - -
- - - -
- - - -

Ada di CALK COGS


Biaya Produksi
2011 2012 2013 2014
115,256,000,000 169,538,000,000 227,623,000,000 291,441,000,000

171,875,641,000 207,355,250,000 257,019,263,000 266,329,287,000


14,361,153,000,000 15,962,968,000,000 18,704,985,000,000 20,475,178,000,000
771,530,000,000 636,137,000,000 1,268,615,000,000 1,225,268,000,000
1,105,523,553,357 1,089,587,002,786 1,110,532,296,910 851,685,894,008
434,391,215,276 635,457,238,173 806,969,588,408 978,618,661,688
137,963,831,668 158,381,370,023 221,466,803,222 275,570,102,556
258,747,532,210 298,456,991,275 359,096,259,187 429,919,590,519
9,996,619,000,000 12,701,504,000,000 14,517,870,000,000 17,242,165,000,000
37,661,205,000,000 11,954,147,000,000 13,443,354,000,000 14,317,403,000,000
8,132,126,000,000 8,842,255,000,000 10,832,967,000,000 12,280,225,000,000
357,023,490,779 349,272,374,327 426,301,468,607 262,612,273,471

2,472,676,852,771 3,259,837,234,850 4,098,718,289,127 5,098,758,862,677


54,668,797,714 50,986,552,254 64,477,144,897 76,400,965,245
1,078,059,017,282 1,131,533,798,550 1,288,310,481,938 1,456,303,985,703
11,251,260,000,000 12,873,343,000,000 14,171,222,000,000 16,981,449,000,000
1,036,257,726,795 1,144,298,429,584 1,198,493,708,005 1,401,123,890,459
77,079,565,502 78,146,203,645 83,042,667,039 80,221,702,156
408,006,853,202 550,696,446,354 538,928,431,055 398,544,309,557
Manajem

total aset (t-1)

penjualan (t)

penjualan (t-1)

Manipulasi penjualan

Kos Produksi yang tnggi

Biaya dikresioner yang tnggi

Manajemen Laba riil


41.061.745.996 Marketng consultant (Note 29f)
Gaji, upah dan tunjangan 23.184.794.056 20.074.862.099 Salaries, wages and allowance
Perjalanan dinas 2.428.032.343 2.516.591.775 Travel
Transportasi 1.889.597.897 1.611.189.471 Transportaton
S e w a 1.753.156.610 1.877.504.111 R e n t
Penyusutan (Catatan 8) 1.592.634.666 1.148.283.343 Depreciaton (Note 8)
Pengiriman barang 1.057.319.947 837.268.289 Freight charges
Listrik, air dan telepon 675.473.201 724.108.834 Electricity, water and telephone
Iklan dan promosi 609.957.930 548.966.459 Advertsing and promoton
Perbaikan dan pemeliharaan 314.577.792 797.935.561 Repair and maintenance
Alat tulis kantor 289.685.645 380.805.776 Office statonery
Riset pemasaran - 1.350.030.000
Manajemen laba riil
2009 2010 2011 2012

2010 2011 2012 2013

2009 2010 2011 2012


41061745996 41610712455
20074862099 20074862099
2516591775 2516591775
1611189471 1611189471
1877504111 1877504111
1148283343 1148283343
837268289 837268289
724108834 724108834
548966459 41610712455 0
797935561 797935561
380805776 380805776
1350030000 1350030000
9549608289 9549608289
82478900003 72929291714
2013

2014

2013

α1(1/At-1) : intersep yang diskala St/At-1 :


CFOt/At-1 : arus kas kegiatan dengan total aset pada tahun t-1 penjualan pada
operasi pada tahun t yang dengan tujuan supaya arus kas tahun t yang
diskala dengan total aset pada kegiatan operasi tidak memiliki diskala dengan
tahun t-1 nilai 0 ketika penjualan dan lag total aset pada
penjualan bernilai 0 tahun t-1

α(1/At-1) : intersep yang diskala St/At-1 :


PRODt/At-1 : biaya produksi
dengan total aset pada tahun t-1 penjualan pada
pada tahun t yang diskala
dengan tujuan supaya nilai biaya tahun t yang
dengan total aset pada tahun t-
produksi tidak memiliki nilai 0 diskala dengan
1, dimana PRODt = COGSt +
ketika penjualan dan lag penjualan total aset pada
ΔINVt
bernilai 0 tahun t-1

α(1/At-1) : intersep yang diskala St-1/At-1 :


DISEXPt/At-1 : biaya dengan total aset pada tahun t-1 penjualan pada
diskresioner pada tahun t yang dengan tujuan supaya biaya tahun t-1 yang
diskala dengan total 166sset diskresioner tidak memiliki nilai 0 diskala dengan
tahun t-1 ketika penjualan dan lag penjualan total aset pada
bernilai 0 tahun t-1
ΔSt/At-1 : penjualan pada
єt : error term pada
tahun t dikurangi penjualan
tahun t. regression
pada tahun t-1 yang diskala α0 : konstanta
residual (proksi
dengan total aset pada tahun t-
abnormal CFO)
1

ΔSt/At-1 : penjualan pada єt : error term


ΔSt-1/At-1 : perubahan
tahun t dikurangi penjualan pada tahun t.
penjualan pada tahun t-1
pada tahun t-1 yang diskala α0 : konstanta regression residual
yang diskala dengan
dengan total aset pada tahun t- (proksi abnormal
total aset pada tahun t-1
1 production costs)

єt : error term pada


tahun t.regression
α0 : konstanta residual (proksi
abnormal Discretionary
Expenses)