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LAMPIRAN

Perhitungan Manajemen Laba

Β0= -0,027; β1= 0,074 ; β2= -0,005

Tahun 2009

∆Rect ∆Revt

KODE Laba bersih CFO Ait-1 PPEt 2.009 2.008 HSIL 2.009 2.008 HSIL

INDF 2.075.861.000.000 2.314.507.000.000 39.591.309.000.000 10.808.449.000.000 2.794.611.000.000 3.162.143.000.000 -367.532.000.000 37.140.830.000.000 38.799.279.000.000 -1.658.449.000.000

SKLT 12.802.527.979 11.689.827.584 196.186.028.659 99.533.575.485 34.012.795.437 46.514.131.241 -12.501.335.804 276.312.034.061 313.125.226.415 -36.813.192.354

STTP 41.072.367.353 99.952.885.153 626.749.784.472 325.884.194.275 61.749.014.026 37.625.013.315 24.124.000.711 627.114.839.010 624.400.880.523 2.713.958.487

ULTJ 61.152.852.190 15.687.936.541 1.718.997.392.028 808.903.387.439 178.089.061.704 151.204.612.686 26.884.449.018 1.613.927.991.404 1.362.606.580.492 251.321.410.912

GGRM 3.455.702.000.000 3.265.201.000.000 24.072.959.000.000 7.019.464.000.000 1.038.958.000.000 2.098.598.000.000 -1.059.640.000.000 32.973.080.000.000 30.521.643.000.000 2.451.437.000.000

SSTM 31.135.279.839 6.194.191.501 918.745.741.642 410.636.609.754 308.000.000 193.002.520.051 -192.694.520.051 427.198.532.746 450.315.062.096 -23.116.529.350

UNTX 30.679.809.366 2.516.627.991 153.146.523.532 68.926.002.531 15.760.856.566 23.528.748.606 -7.767.892.040 145.590.262.794 154.109.641.909 -8.519.379.115

BRPT 547.265.000.000 1.034.262.000.000 11.807.631.000.000 16.375.286.000.000 1.239.766.000.000 701.894.000.000 537.872.000.000 14.392.940.000.000 18.322.898.000.000 -3.929.958.000.000

KBRI 20.514.623.685 -15.795.854.706 1.124.524.138.126 1.080.782.660.621 7.609.275.452 10.255.511.547 -2.646.236.095 108.938.486.350 160.562.545.233 -51.624.058.883

AKRA 274.718.650.000 671.152.317.000 4.874.850.950.000 2.859.238.232.000 1.411.547.993.000 923.459.614.000 488.088.379.000 8.959.841.972.000 9.476.133.189.000 -516.291.217.000

ETWA 10.416.886.250 -1.025.273.940 417.548.675.139 20.062.757.476 395.949.552.522 319.387.491.951 76.562.060.571 765.430.931.319 714.819.368.323 50.611.562.996

TPIA 482.884.000.000 644.566.000.000 2.374.666.000.000 954.740.000.000 378.174.000.000 346.793.000.000 31.381.000.000 4.739.684.000.000 4.988.056.000.000 -248.372.000.000

DPNS 7.124.377.450 20.281.483.012 142.627.256.412 11.171.935.169 17.487.721.455 31.264.389.078 -13.776.667.623 93.286.770.819 112.678.482.166 -19.391.711.347

AKKU -5.664.063.927 -293.116.246 42.858.281.932 25.335.604.931 1.032.689.446 5.954.945.308 -4.922.255.862 2.562.014.001 8.069.528.042 -5.507.514.041

ASPL 30.124.714.633 39.483.367.398 276.082.674.266 187.461.988.513 43.471.694.446 33.232.352.338 10.239.342.108 284.538.777.148 300.785.748.347 -16.246.971.199

BRNA 20.260.227.896 27.083.258.750 432.191.714.490 214.233.768.452 148.526.317.447 107.923.816.261 40.602.501.186 537.142.366.438 479.934.277.855 57.208.088.583

DYNA 65.588.022.747 179.707.366.125 1.235.004.262.542 744.671.741.429 249.814.977.004 229.878.584.251 19.936.392.753 1.492.066.050.977 1.382.073.857.157 109.992.193.820

LMPI 5.991.716.796 12.909.610.155 560.083.744.938 161.251.671.834 108.146.232.221 88.726.863.130 19.419.369.091 381.140.623.990 326.182.642.756 54.957.981.234

YPAS 18.540.681.482 15.044.881.849 180.549.748.739 100.081.847.273 36.425.596.591 33.973.237.583 2.452.359.008 278.875.339.582 277.756.675.320 1.118.664.262

BTON 9.388.156.670 10.821.274.744 70.508.814.577 7.094.322.789 14.489.195.086 14.141.495.488 347.699.598 133.110.644.620 172.390.663.400 -39.280.018.780

INAI -12.824.140.133 84.367.262.804 622.405.086.863 31.781.721.634 204.438.492.361 238.715.767.176 -34.277.274.815 470.649.560.010 642.018.495.853 -171.368.935.843

JKSW 6.721.613.437 40.761.777.329 300.344.857.854 47.356.826.124 118.318.238.137 173.197.070.855 -54.878.832.718 205.653.906.365 190.056.590.063 15.597.316.302

JPRS 1.917.377.909 -9.626.220.956 399.343.736.262 19.191.931.767 136.621.309.672 141.996.027.843 -5.374.718.171 302.868.416.321 732.703.320.157 -429.834.903.836

LION 33.613.329.078 50.456.390.635 253.141.852.363 19.613.637.506 37.398.531.439 37.886.995.552 -488.464.113 197.507.850.435 229.607.016.136 -32.099.165.701

LMSH 2.400.507.034 4.064.913.956 61.987.805.413 24.185.809.936 16.555.049.777 13.262.242.055 3.292.807.722 124.810.716.264 163.316.661.433 -38.505.945.169

PICO 12.657.347.594 26.731.596.161 588.563.565.451 219.737.979.541 74.756.008.212 95.729.239.123 -20.973.230.911 607.170.700.525 600.190.671.131 6.980.029.394

NIKL 41.996.826.000 134.212.835.000 792.222.067.000 26.725.023.000 165.032.352.000 26.147.734.000 138.884.618.000 1.180.276.179.000 1.465.899.816.000 -285.623.637.000

TIRA 2.202.660.865 27.348.050.721 228.581.820.317 55.896.759.947 56.209.442.023 53.575.660.833 2.633.781.190 238.088.920.308 254.706.069.606 -16.617.149.298

KICI -5.214.569.732 989.752.746 86.218.216.167 6.377.246.516 17.573.754.584 10.215.718.739 7.358.035.845 83.010.877.783 93.194.684.209 -10.183.806.426

IKAI -35.593.349.295 6.120.666.863 784.499.131.712 441.793.904.858 147.900.655.864 54.284.606.536 93.616.049.328 225.836.548.312 245.658.163.581 -19.821.615.269

MITI 8.925.071.679 22.965.826.384 127.830.725.345 38.117.395.115 8.857.613.113 49.913.897.938 -41.056.284.825 68.328.469.105 92.953.417.113 -24.624.948.008

IKBI 28.718.699.277 112.732.401.688 636.408.514.847 122.525.671.390 98.304.079.757 208.096.557.549 -109.792.477.792 862.112.294.567 1.645.326.436.201 -783.214.141.634

MTDL 10.064.638.280 279.800.857.151 1.288.795.504.203 64.601.055.592 366.213.903.407 460.159.534.514 -93.945.631.107 3.396.917.071.000 3.422.199.694.667 -25.282.623.667

MLPL 110.691.000.000 1.246.881.000.000 11.461.858.000.000 2.282.299.000.000 257.502.000.000 879.212.000.000 -621.710.000.000 10.885.698.000.000 9.759.636.000.000 1.126.062.000.000

PTSN -36.312.861.204 57.873.649.915 964.585.323.095 414.519.553.409 320.431.551.264 305.805.459.780 14.626.091.484 1.950.280.620.085 2.105.211.912.606 -154.931.292.521

ASII 10.040.000.000.000 11.335.000.000.000 80.740.000.000.000 21.941.000.000.000 29.661.000.000.000 25.664.000.000.000 3.997.000.000.000 98.526.000.000.000 97.064.000.000.000 1.462.000.000.000

AOTU 768.265.000.000 595.745.000.000 3.981.316.000.000 696.716.000.000 748.680.000.000 600.414.000.000 148.266.000.000 5.265.798.000.000 5.278.215.000.000 -12.417.000.000

GJTL 905.330.000.000 1.137.405.000.000 8.713.559.000.000 3.609.236.000.000 1.580.754.000.000 1.406.104.000.000 174.650.000.000 7.936.432.000.000 7.963.473.000.000 -27.041.000.000

INDS 72.105.574.000 213.251.329.000 1.672.766.471.000 645.429.255.000 225.939.138.000 239.189.079.000 -13.249.941.000 1.500.639.310.000 1.637.886.215.000 -137.246.905.000

INTA 37.473.252.355 107.682.723.082 1.137.218.196.524 63.910.054.849 317.883.861.209 294.066.913.297 23.816.947.912 1.026.887.640.305 1.052.269.745.226 -25.382.104.921

NIPS 3.685.250.963 843.083.666 325.008.127.626 142.205.325.467 72.830.472.738 104.628.863.359 -31.798.390.621 279.929.010.718 480.457.824.504 -200.528.813.786

PRAS -36.216.313.566 208.243.945 555.320.858.382 153.641.418.794 122.042.503.354 203.836.521.631 -81.794.018.277 161.201.408.520 410.673.009.414 -249.471.600.894

SMSM 132.850.275.038 268.070.416.818 929.753.183.773 341.364.253.389 279.098.068.836 244.416.752.381 34.681.316.455 1.374.651.605.661 1.353.586.085.743 21.065.519.918

KAEF 62.506.876.510 120.369.595.992 1.445.669.799.639 402.062.398.262 315.656.828.836 272.551.483.922 43.105.344.914 2.854.057.690.479 2.704.728.409.703 149.329.280.776

PYFA 3.772.968.359 5.020.232.151 98.655.309.435 54.047.384.571 17.827.275.310 19.376.312.135 -1.549.036.825 132.000.542.048 119.580.973.204 12.419.568.844

TSPC 359.964.376.338 476.589.761.145 2.967.057.055.450 715.003.306.406 482.365.826.542 391.158.590.681 91.207.235.861 4.497.931.021.113 3.633.789.178.647 864.141.842.466

TCID 124.611.778.666 188.221.655.813 910.789.677.565 399.856.238.388 190.730.397.372 156.614.446.274 34.115.951.098 1.388.724.644.234 1.239.775.396.779 148.949.247.455

UNVR 3.044.107.000.000 3.280.710.000.000 6.504.736.000.000 3.035.915.000.000 1.260.839.000.000 958.449.000.000 302.390.000.000 18.246.872.000.000 15.577.811.000.000 2.669.061.000.000

SRSN 25.380.247.000 -26.580.923.000 392.937.045.000 100.334.635.000 71.997.734.000 66.896.615.000 5.101.119.000 352.543.446.000 313.919.284.000 38.624.162.000

IGAR 24.740.866.566 29.394.540.274 305.782.633.658 49.756.561.784 103.948.437.488 87.971.906.075 15.976.531.413 501.126.702.936 469.501.156.785 31.625.546.151

UNTR 3.817.541.000.000 5.101.022.000.000 22.847.721.000.000 11.835.726.000.000 4.625.552.000.000 3.681.813.000.000 943.739.000.000 29.241.883.000.000 27.903.196.000.000 1.338.687.000.000

langkah 1 langkah 2 langkah 3 langkah 4

AbsDAit KODE Tait Tait/Ait-1 ∆Revt/Ait-1 PPEt/Ait-1 (1/Ait-1) β0/Ait-1 ∆Rect/Ait-1 β1 {(∆Revt/Ait-

1)-(∆Rect/Ait-1)} β2(PPEt/Ait-1) NDAit DAit

INDF -238.646.000.000 -0,006028 -0,041889 0,273001 0,000000 0,000000 -0,009283 -0,002413 -0,001365 -0,003778 -0,00225 0,00225

SKLT 1.112.700.395 0,005672 -0,187644 0,507343 0,000000 0,000000 -0,063722 -0,009170 -0,002537 -0,011707 0,017379 0,017379

STTP -58.880.517.800 -0,093946 0,004330 0,519959 0,000000 0,000000 0,038491 -0,002528 -0,002600 -0,005128 -0,08882 0,088818

ULTJ 45.464.915.649 0,026449 0,146202 0,470567 0,000000 0,000000 0,015640 0,009662 -0,002353 0,007309 0,01914 0,01914

GGRM 190.501.000.000 0,007913 0,101834 0,291591 0,000000 0,000000 -0,044018 0,010793 -0,001458 0,009335 -0,00142 0,001422

SSTM 24.941.088.338 0,027147 -0,025161 0,446953 0,000000 0,000000 -0,209737 0,013659 -0,002235 0,011424 0,015723 0,015723

UNTX 28.163.181.375 0,183897 -0,055629 0,450066 0,000000 0,000000 -0,050722 -0,000363 -0,002250 -0,002613 0,18651 0,18651

BRPT -486.997.000.000 -0,041244 -0,332832 1,386839 0,000000 0,000000 0,045553 -0,028000 -0,006934 -0,034935 -0,00631 0,00631

KBRI 36.310.478.391 0,032290 -0,045907 0,961102 0,000000 0,000000 -0,002353 -0,003223 -0,004806 -0,008029 0,040318 0,040318

AKRA -396.433.667.000 -0,081322 -0,105909 0,586528 0,000000 0,000000 0,100124 -0,015246 -0,002933 -0,018179 -0,06314 0,063143

ETWA 11.442.160.190 0,027403 0,121211 0,048049 0,000000 0,000000 0,183361 -0,004599 -0,000240 -0,004839 0,032242 0,032242

TPIA -161.682.000.000 -0,068086 -0,104592 0,402052 0,000000 0,000000 0,013215 -0,008718 -0,002010 -0,010728 -0,05736 0,057358

DPNS -13.157.105.562 -0,092248 -0,135961 0,078330 0,000000 0,000000 -0,096592 -0,002913 -0,000392 -0,003305 -0,08894 0,088943

AKKU -5.370.947.681 -0,125319 -0,128505 0,591148 0,000000 0,000000 -0,114850 -0,001011 -0,002956 -0,003966 -0,12135 0,121353

ASPL -9.358.652.765 -0,033898 -0,058848 0,679007 0,000000 0,000000 0,037088 -0,007099 -0,003395 -0,010494 -0,0234 0,023404

BRNA -6.823.030.854 -0,015787 0,132367 0,495692 0,000000 0,000000 0,093946 0,002843 -0,002478 0,000365 -0,01615 0,016152

DYNA -114.119.343.378 -0,092404 0,089062 0,602971 0,000000 0,000000 0,016143 0,005396 -0,003015 0,002381 -0,09479 0,094785

LMPI -6.917.893.359 -0,012352 0,098125 0,287906 0,000000 0,000000 0,034672 0,004695 -0,001440 0,003256 -0,01561 0,015607

YPAS 3.495.799.633 0,019362 0,006196 0,554317 0,000000 0,000000 0,013583 -0,000547 -0,002772 -0,003318 0,02268 0,02268

BTON -1.433.118.074 -0,020325 -0,557094 0,100616 0,000000 0,000000 0,004931 -0,041590 -0,000503 -0,042093 0,021768 0,021768

INAI -97.191.402.937 -0,156155 -0,275333 0,051063 0,000000 0,000000 -0,055072 -0,016299 -0,000255 -0,016555 -0,1396 0,1396

JKSW -34.040.163.892 -0,113337 0,051931 0,157675 0,000000 0,000000 -0,182719 0,017364 -0,000788 0,016576 -0,12991 0,129913

JPRS 11.543.598.865 0,028906 -1,076353 0,048059 0,000000 0,000000 -0,013459 -0,078654 -0,000240 -0,078894 0,107801 0,107801

LION -16.843.061.557 -0,066536 -0,126803 0,077481 0,000000 0,000000 -0,001930 -0,009241 -0,000387 -0,009628 -0,05691 0,056908

LMSH -1.664.406.922 -0,026851 -0,621186 0,390170 0,000000 0,000000 0,053120 -0,049899 -0,001951 -0,051850 0,024999 0,024999

PICO -14.074.248.567 -0,023913 0,011859 0,373346 0,000000 0,000000 -0,035635 0,003515 -0,001867 0,001648 -0,02556 0,025561

NIKL -92.216.009.000 -0,116402 -0,360535 0,033734 0,000000 0,000000 0,175310 -0,039653 -0,000169 -0,039821 -0,07658 0,076581

TIRA -25.145.389.856 -0,110006 -0,072697 0,244537 0,000000 0,000000 0,011522 -0,006232 -0,001223 -0,007455 -0,10255 0,102551

KICI -6.204.322.478 -0,071961 -0,118117 0,073966 0,000000 0,000000 0,085342 -0,015056 -0,000370 -0,015426 -0,05653 0,056535

IKAI -41.714.016.158 -0,053173 -0,025267 0,563154 0,000000 0,000000 0,119332 -0,010700 -0,002816 -0,013516 -0,03966 0,039657

MITI -14.040.754.705 -0,109839 -0,192637 0,298186 0,000000 0,000000 -0,321177 0,009512 -0,001491 0,008021 -0,11786 0,11786

IKBI -84.013.702.411 -0,132012 -1,230678 0,192527 0,000000 0,000000 -0,172519 -0,078304 -0,000963 -0,079266 -0,05275 0,052746

MTDL -269.736.218.871 -0,209293 -0,019617 0,050125 0,000000 0,000000 -0,072894 0,003942 -0,000251 0,003692 -0,21299 0,212985

MLPL -1.136.190.000.000 -0,099128 0,098244 0,199121 0,000000 0,000000 -0,054242 0,011284 -0,000996 0,010288 -0,10942 0,109416

PTSN -94.186.511.119 -0,097645 -0,160620 0,429739 0,000000 0,000000 0,015163 -0,013008 -0,002149 -0,015157 -0,08249 0,082488

ASII -1.295.000.000.000 -0,016039 0,018108 0,271749 0,000000 0,000000 0,049505 -0,002323 -0,001359 -0,003682 -0,01236 0,012357

AOTU 172.520.000.000 0,043332 -0,003119 0,174996 0,000000 0,000000 0,037240 -0,002987 -0,000875 -0,003862 0,047194 0,047194

GJTL -232.075.000.000 -0,026634 -0,003103 0,414209 0,000000 0,000000 0,020043 -0,001713 -0,002071 -0,003784 -0,02285 0,02285

BRAM -141.145.755.000 -0,084379 -0,082048 0,385845 0,000000 0,000000 -0,007921 -0,005485 -0,001929 -0,007415 -0,07696 0,076964

INTA -70.209.470.727 -0,061738 -0,022319 0,056199 0,000000 0,000000 0,020943 -0,003201 -0,000281 -0,003482 -0,05826 0,058255

NIPS 2.842.167.297 0,008745 -0,616996 0,437544 0,000000 0,000000 -0,097839 -0,038418 -0,002188 -0,040605 0,04935 0,04935

PRAS -36.424.557.511 -0,065592 -0,449239 0,276671 0,000000 0,000000 -0,147291 -0,022344 -0,001383 -0,023727 -0,04186 0,041864

SMSM -135.220.141.780 -0,145437 0,022657 0,367156 0,000000 0,000000 0,037302 -0,001084 -0,001836 -0,002919 -0,14252 0,142517

KAEF -57.862.719.482 -0,040025 0,103294 0,278115 0,000000 0,000000 0,029817 0,005437 -0,001391 0,004047 -0,04407 0,044072

PYFA -1.247.263.792 -0,012643 0,125888 0,547841 0,000000 0,000000 -0,015702 0,010478 -0,002739 0,007738 -0,02038 0,020381

TSPC -116.625.384.807 -0,039307 0,291245 0,240981 0,000000 0,000000 0,030740 0,019277 -0,001205 0,018073 -0,05738 0,057379

TCID -63.609.877.147 -0,069840 0,163539 0,439021 0,000000 0,000000 0,037458 0,009330 -0,002195 0,007135 -0,07698 0,076975

UNVR -236.603.000.000 -0,036374 0,410326 0,466724 0,000000 0,000000 0,046488 0,026924 -0,002334 0,024590 -0,06096 0,060964

SRSN 51.961.170.000 0,132238 0,098296 0,255345 0,000000 0,000000 0,012982 0,006313 -0,001277 0,005037 0,127201 0,127201

IGAR -4.653.673.708 -0,015219 0,103425 0,162719 0,000000 0,000000 0,052248 0,003787 -0,000814 0,002973 -0,01819 0,018192

UNTR -1.283.481.000.000 -0,056175 0,058592 0,518027 0,000000 0,000000 0,041306 0,001279 -0,002590 -0,001311 -0,05486 0,054864

Tahun 2010

∆Rect ∆Revt

KODE Laba bersih CFO Ait-1 PPEt 2010 2009 HSIL 2010 2009 HSIL

INDF 2.952.858.000.000 6.909.950.000.000 40.382.953.000.000 11.737.142.000.000 3.286.929.000.000 2.794.611.000.000 492.318.000.000 38.403.360.000.000 37.397.319.000.000 1.006.041.000.000

SKLT 4.833.531.934 8.089.259.673 196.186.028.659 97.002.153.118 38.606.051.231 34.012.795.437 4.593.255.794 314.145.710.944 276.312.034.061 37.833.676.883

STTP 42.630.759.100 -13.517.981.904 548.720.445.825 319.075.542.490 112.881.407.246 61.749.014.030 51.132.393.216 762.612.830.093 627.114.839.010 135.497.991.083

TBLA 246.663.187.000 380.781.982.000 2.786.340.214.000 1.157.020.339.000 236.107.361.000 183.294.984.000 52.812.377.000 2.951.113.862.000 2.783.572.757.000 167.541.105.000

ULTJ 107.123.243.835 263.881.302.428 1.732.701.994.634 941.931.552.988 193.510.727.669 178.089.061.704 15.421.665.965 1.880.411.473.916 1.613.927.991.404 266.483.482.512

GGRM 4.146.282.000.000 2.872.598.000.000 27.230.965.000.000 74.066.320.000.000 915.004.000.000 1.038.958.000.000 -123.954.000.000 37.691.997.000.000 32.973.080.000.000 4.718.917.000.000

ARGO -125.015.984.000 140.166.656.000 1.461.055.966.000 1.196.201.884.000 53.014.883.000 56.628.777.000 -3.613.894.000 664.257.009.000 754.957.094.000 -90.700.085.000

HDTX 1.190.607.578 24.713.058.244 1.089.713.245.877 309.301.557.065 83.308.339.021 155.757.075.403 -72.448.736.382 661.992.384.716 937.440.532.898 -275.448.148.182

MYTX -101.136.319.879 53.503.179.824 1.803.398.349.671 1.438.993.600.592 152.533.147.065 127.705.171.718 24.827.975.347 1.723.962.951.296 1.487.923.132.458 236.039.818.838

BRPT -558.630.000.000 773.066.000.000 16.570.259.000.000 9.175.086.000.000 1.092.570.000.000 1.240.390.000.000 -147.820.000.000 16.965.228.000.000 14.393.318.000.000 2.571.910.000.000

SULI 4.549.597.019 -83.741.233.401 2.009.536.359.513 992.177.111.766 128.271.471.145 181.034.965.049 -52.763.493.904 592.237.585.904 667.299.662.367 -75.062.076.463

AKRA 310.916.115.000 427.918.661.000 6.059.070.429.000 3.037.892.760.000 1.665.339.341.000 1.411.547.993.000 253.791.348.000 12.194.997.466.000 8.959.841.972.000 3.235.155.494.000

LTLS 86.982.000.000 -147.945.000.000 3.081.130.000.000 1.025.373.000.000 848.960.000.000 673.322.000.000 175.638.000.000 3.901.733.000.000 3.746.865.000.000 154.868.000.000

TPIA 348.287.000.000 579.350.000.000 2.747.915.000.000 1.138.234.000.000 300.025.000.000 378.174.000.000 -78.149.000.000 5.176.270.000.000 4.739.684.000.000 436.586.000.000

DPNS 14.749.983.545 15.249.703.610 142.551.475.929 10.738.026.214 16.832.109.760 17.487.721.455 -655.611.695 97.283.942.857 93.286.770.819 3.997.172.038

APLI 24.659.768.960 30.870.127.945 302.381.110.626 176.591.737.639 44.035.364.163 43.378.652.946 656.711.217 283.739.415.791 284.538.777.148 -799.361.357

BRNA 34.760.866.434 60.380.243.328 507.226.402.680 246.845.964.857 144.073.170.467 148.526.317.447 -4.453.146.980 568.328.198.058 537.142.366.438 31.185.831.620

LMPI 2.794.104.212 19.786.335.831 540.513.720.495 183.886.160.793 135.214.651.179 248.535.512.710 -113.320.861.531 401.594.186.536 381.140.623.990 20.453.562.546

YPAS 21.186.130.131 22.436.196.689 191.136.146.962 105.396.090.565 44.608.309.765 36.425.596.591 8.182.713.174 348.359.143.634 278.875.339.582 69.483.804.052

ALMI 43.722.582.261 -73.945.789.465 1.481.610.908.727 519.643.327.083 298.659.673.393 198.198.910.558 100.460.762.835 3.019.070.482.536 1.754.202.216.771 1.264.868.265.765

BTON 8.393.401.472 21.402.190.054 69.783.014.717 7.088.476.952 13.707.856.456 14.489.195.086 -781.338.630 127.918.509.530 133.110.644.620 -5.192.135.090

JKRW 6.776.300.093 -16.874.539.548 270.966.547.227 47.215.994.252 176.493.092.910 118.318.238.137 58.174.854.773 181.158.905.733 205.653.906.365 -24.495.000.632

JPRS 28.445.580.508 48.826.247.303 353.951.009.577 17.618.852.275 96.926.523.675 136.621.309.672 -39.694.785.997 427.792.535.324 302.868.416.321 124.924.119.003

LION 38.631.299.358 32.525.842.443 271.366.371.297 18.208.724.225 34.269.453.326 37.398.531.439 -3.129.078.113 207.832.622.837 197.507.850.435 10.324.772.402

LMSH 7.350.536.344 9.647.718.776 72.830.915.980 23.302.198.938 17.520.758.610 16.555.049.777 965.708.833 161.011.674.412 124.810.716.264 36.200.958.148

PICO 12.063.079.000 -26.731.721.652 542.660.240.316 207.994.688.901 74.072.512.268 95.729.239.123 -21.656.726.855 586.317.697.184 607.170.700.525 -20.853.003.341

TBMS 3.228.843.530 -157.246.007.956 996.064.870.315 119.478.156.101 746.958.836.948 550.794.848.520 196.163.988.428 4.275.538.434.054 2.715.245.496.166 1.560.292.937.888

TIRA 3.946.516.223 1.378.528.840 201.789.482.852 63.687.379.099 56.544.381.149 56.346.449.377 197.931.772 268.977.739.355 238.088.920.308 30.888.819.047

KICI 3.259.699.213 7.239.507.199 84.276.874.394 8.069.278.457 8.850.522.428 17.573.754.584 -8.723.232.156 80.789.650.755 83.010.877.783 -2.221.227.028

IKAI -39.209.332.680 -44.142.634 764.903.018.446 418.347.946.033 59.779.577.500 147.900.655.864 -88.121.078.364 228.717.473.685 225.836.548.312 2.880.925.373

MITI 7.058.787.686 13.686.708.330 109.355.092.689 32.892.470.687 13.963.328.268 8.857.613.113 5.105.715.155 85.140.507.102 68.328.469.105 16.812.037.997

KBLM 3.921.611.855 5.654.912.326 354.780.873.513 232.988.366.743 107.420.032.036 56.693.695.025 50.726.337.011 542.618.175.974 301.330.733.974 241.287.442.000

IKBI 4.600.387.412 -36.294.909.196 561.948.871.968 112.376.423.010 200.545.307.399 98.304.079.757 102.241.227.642 1.226.301.858.648 862.112.294.567 364.189.564.081

MTDL 30.438.567.670 158.368.069.879 1.059.054.196.506 78.487.542.620 331.269.717.416 366.213.903.407 -34.944.185.991 3.953.971.372.337 3.396.917.071.000 557.054.301.337

PTSN -12.611.917.439 64.166.431.374 899.685.312.962 391.248.463.907 256.229.191.880 320.431.551.264 -64.202.359.384 2.166.489.893.575 1.950.280.620.085 216.209.273.490

ASII 14.366.000.000.000 2.907.000.000.000 88.938.000.000.000 24.363.000.000.000 40.772.000.000.000 29.661.000.000.000 11.111.000.000.000 129.991.000.000.000 98.526.000.000.000 31.465.000.000.000

AUTO 1.141.179.000.000 374.748.000.000 4.644.939.000.000 985.029.000.000 849.087.000.000 748.680.000.000 100.407.000.000 6.255.109.000.000 5.265.798.000.000 989.311.000.000

GJTL 830.624.000.000 1.010.980.000.000 8.877.146.000.000 4.075.764.000.000 2.259.477.000.000 1.580.844.000.000 678.633.000.000 9.853.904.000.000 7.936.432.000.000 1.917.472.000.000

BRAM 134.160.199.000 57.464.276.000 1.349.630.935.000 724.663.338.000 277.944.860.000 231.914.706.000 46.030.154.000 1.805.359.612.000 1.500.639.310.000 304.720.302.000

INDS 71.109.354.932 130.914.276.067 621.140.423.109 184.785.568.045 167.797.994.742 92.077.885.461 75.720.109.281 1.027.120.388.110 720.228.798.921 306.891.589.189

INTA 83.081.383.677 70.181.186.764 1.172.129.502.335 156.617.926.338 240.394.305.104 182.952.024.767 57.442.280.337 1.532.682.624.147 934.303.648.833 598.378.975.314

NIPS 12.662.580.885 25.105.090.279 314.477.779.213 155.548.322.869 100.263.423.616 72.830.472.738 27.432.950.878 400.894.525.220 279.929.010.718 120.965.514.502

SMSM 150.420.111.988 151.302.099.412 941.651.276.002 376.794.731.615 314.122.797.153 279.098.068.836 35.024.728.317 1.561.786.956.669 1.374.651.605.661 187.135.351.008

KONI 1.378.322.048 14.612.473.503 93.116.815.117 22.242.659.864 12.069.635.427 9.201.651.811 2.867.983.616 77.888.958.822 51.950.337.626 25.938.621.196

KAEF 138.716.044.100 139.119.874.007 1.565.831.266.274 413.196.818.855 369.979.199.088 315.656.828.836 54.322.370.252 3.183.829.303.909 2.854.057.690.479 329.771.613.430

PYFA 4.199.202.953 9.538.086.241 99.937.383.195 52.826.675.604 20.587.473.955 17.827.275.310 2.760.198.645 140.858.442.443 132.000.542.048 8.857.900.395

TSPC 488.889.258.921 578.089.303.003 3.263.102.915.008 760.788.196.333 554.769.367.837 482.365.826.542 72.403.541.295 5.134.242.102.154 4.497.931.021.113 636.311.081.041

TCID 131.445.098.783 157.211.148.765 994.620.225.969 396.755.925.487 205.597.360.445 190.730.397.372 14.866.963.073 1.466.938.711.851 1.388.724.644.234 78.214.067.617

SRSN 9.830.269.000 7.790.064.000 413.776.708.000 92.167.344.000 73.170.750.000 71.997.734.000 1.173.016.000 342.870.221.000 352.543.446.000 -9.673.225.000

KRAS 1.062.683.000.000 848.429.000.000 12.795.803.000.000 4.389.320.000.000 1.266.421.000.000 1.699.728.000.000 -433.307.000.000 14.856.156.000.000 16.913.535.000.000 -2.057.379.000.000

langkah 1 langkah 2 langkah 3 langkah 4 AbsDAit KODE Tait Tait/Ait-1 ∆Revt/Ait-1 PPEt/Ait-1 (1/Ait-1) β0/Ait-1 ∆Rect/Ait-1

β1 {(∆Revt/Ait-1)-(∆Rect/Ait-1)} β2(PPEt/Ait-1) NDAit DAit

INDF -3.957.092.000.000 -0,097989 0,024913 0,290646 0,000000 0,000000 0,0121912 0,0009414 -0,001453 -0,000512 -0,09748 0,097477

SKLT -3.255.727.739 -0,016595 0,192846 0,494440 0,000000 0,000000 0,0234128 0,0125381 -0,002472 0,0100659 -0,02666 0,026661

STTP 56.148.741.004 0,102327 0,246934 0,581490 0,000000 0,000000 0,0931848 0,0113775 -0,002907 0,00847 0,093857 0,093857

TBLA -134.118.795.000 -0,048134 0,060129 0,415247 0,000000 0,000000 0,018954 0,003047 -0,002076 0,0009707 -0,04911 0,049105

ULTJ -156.758.058.593 -0,090470 0,153796 0,543620 0,000000 0,000000 0,0089004 0,0107223 -0,002718 0,0080042 -0,09847 0,098475

GGRM 1.273.684.000.000 0,046773 0,173292 2,719930 0,000000 0,000000 -0,004552 0,0131605 -0,0136 -0,000439 0,047213 0,047213

ARGO -265.182.640.000 -0,181501 -0,062078 0,818724 0,000000 0,000000 -0,002473 -0,004411 -0,004094 -0,008504 -0,173 0,172996

HDTX -23.522.450.666 -0,021586 -0,252771 0,283838 0,000000 0,000000 -0,066484 -0,013785 -0,001419 -0,015204 -0,00638 0,006381

MYTX -154.639.499.703 -0,085749 0,130886 0,797934 0,000000 0,000000 0,0137673 0,0086668 -0,00399 0,0046771 -0,09043 0,090426

BRPT -1.331.696.000.000 -0,080367 0,155212 0,553708 0,000000 0,000000 -0,008921 0,0121459 -0,002769 0,0093773 -0,08974 0,089744

SULI 88.290.830.420 0,043936 -0,037353 0,493734 0,000000 0,000000 -0,026257 -0,000821 -0,002469 -0,00329 0,047226 0,047226

AKRA -117.002.546.000 -0,019310 0,533936 0,501379 0,000000 0,000000 0,0418862 0,0364117 -0,002507 0,0339048 -0,05322 0,053215

LTLS 234.927.000.000 0,076247 0,050263 0,332791 0,000000 0,000000 0,0570044 -0,000499 -0,001664 -0,002163 0,07841 0,07841

TPIA -231.063.000.000 -0,084087 0,158879 0,414217 0,000000 0,000000 -0,028439 0,0138616 -0,002071 0,0117905 -0,09588 0,095877

DPNS -499.720.065 -0,003506 0,028040 0,075327 0,000000 0,000000 -0,004599 0,0024153 -0,000377 0,0020387 -0,00554 0,005544

APLI -6.210.358.985 -0,020538 -0,002644 0,584004 0,000000 0,000000 0,0021718 -0,000356 -0,00292 -0,003276 -0,01726 0,017262

BRNA -25.619.376.894 -0,050509 0,061483 0,486658 0,000000 0,000000 -0,008779 0,0051994 -0,002433 0,0027661 -0,05327 0,053275

LMPI -16.992.231.619 -0,031437 0,037841 0,340206 0,000000 0,000000 -0,209654 0,0183146 -0,001701 0,0166136 -0,04805 0,048051

YPAS -1.250.066.558 -0,006540 0,363530 0,551419 0,000000 0,000000 0,0428109 0,0237332 -0,002757 0,0209761 -0,02752 0,027516

ALMI 117.668.371.726 0,079419 0,853711 0,350729 0,000000 0,000000 0,0678051 0,0581571 -0,001754 0,0564034 0,023016 0,023016

BTON -13.008.788.582 -0,186418 -0,074404 0,101579 0,000000 0,000000 -0,011197 -0,004677 -0,000508 -0,005185 -0,18123 0,181232

JKRW 23.650.839.641 0,087283 -0,090399 0,174250 0,000000 0,000000 0,2146939 -0,022577 -0,000871 -0,023448 0,110731 0,110731

JPRS -20.380.666.795 -0,057580 0,352942 0,049778 0,000000 0,000000 -0,112148 0,0344166 -0,000249 0,0341677 -0,09175 0,091748

LION 6.105.456.915 0,022499 0,038047 0,067100 0,000000 0,000000 -0,011531 0,0036688 -0,000336 0,0033333 0,019166 0,019166

LMSH -2.297.182.432 -0,031541 0,497055 0,319949 0,000000 0,000000 0,0132596 0,0358008 -0,0016 0,0342011 -0,06574 0,065742

PICO 38.794.800.652 0,071490 -0,038427 0,383287 0,000000 0,000000 -0,039908 0,0001096 -0,001916 -0,001807 0,073297 0,073297

TBMS 160.474.851.486 0,161109 1,566457 0,119950 0,000000 0,000000 0,196939 0,1013443 -0,0006 0,1007446 0,060364 0,060364

TIRA 2.567.987.383 0,012726 0,153074 0,315613 0,000000 0,000000 0,0009809 0,0112549 -0,001578 0,0096769 0,003049 0,003049

KICI -3.979.807.986 -0,047223 -0,026356 0,095747 0,000000 0,000000 -0,103507 0,0057091 -0,000479 0,0052304 -0,05245 0,052453

IKAI -39.165.190.046 -0,051203 0,003766 0,546929 0,000000 0,000000 -0,115206 0,0088039 -0,002735 0,0060693 -0,05727 0,057272

MITI -6.627.920.644 -0,060609 0,153738 0,300786 0,000000 0,000000 0,0466893 0,0079216 -0,001504 0,0064177 -0,06703 0,067027

KBLM -1.733.300.471 -0,004886 0,680103 0,656711 0,000000 0,000000 0,1429793 0,0397471 -0,003284 0,0364636 -0,04135 0,041349

IKBI 40.895.296.608 0,072774 0,648083 0,199976 0,000000 0,000000 0,1819404 0,0344946 -0,001 0,0334947 0,039279 0,039279

MTDL -127.929.502.209 -0,120796 0,525992 0,074111 0,000000 0,000000 -0,032996 0,0413651 -0,000371 0,0409946 -0,16179 0,161791

PTSN -76.778.348.813 -0,085339 0,240317 0,434873 0,000000 0,000000 -0,071361 0,0230641 -0,002174 0,0208898 -0,10623 0,106229

ASII 11.459.000.000.000 0,128843 0,353786 0,273932 0,000000 0,000000 0,1249297 0,0169353 -0,00137 0,0155657 0,113277 0,113277

AUTO 766.431.000.000 0,165003 0,212987 0,212065 0,000000 0,000000 0,0216164 0,0141614 -0,00106 0,0131011 0,151902 0,151902

GJTL -180.356.000.000 -0,020317 0,216001 0,459130 0,000000 0,000000 0,0764472 0,010327 -0,002296 0,0080313 -0,02835 0,028348

BRAM 76.695.923.000 0,056827 0,225780 0,536934 0,000000 0,000000 0,0341057 0,0141839 -0,002685 0,0114993 0,045328 0,045328

INDS -59.804.921.135 -0,096282 0,494078 0,297494 0,000000 0,000000 0,121905 0,0275408 -0,001487 0,0260533 -0,12234 0,122336

INTA 12.900.196.913 0,011006 0,510506 0,133618 0,000000 0,000000 0,0490068 0,0341509 -0,000668 0,0334828 -0,02248 0,022477

NIPS -12.442.509.394 -0,039566 0,384655 0,494624 0,000000 0,000000 0,0872334 0,0220092 -0,002473 0,0195361 -0,0591 0,059102

SMSM -881.987.424 -0,000937 0,198731 0,400143 0,000000 0,000000 0,037195 0,0119537 -0,002001 0,009953 -0,01089 0,01089

KONI -13.234.151.455 -0,142124 0,278560 0,238868 0,000000 0,000000 0,0307998 0,0183343 -0,001194 0,0171399 -0,15926 0,159264

KAEF -403.829.907 -0,000258 0,210605 0,263883 0,000000 0,000000 0,0346924 0,0130175 -0,001319 0,0116981 -0,01196 0,011956

PYFA -5.338.883.288 -0,053422 0,088635 0,528598 0,000000 0,000000 0,0276193 0,0045151 -0,002643 0,0018721 -0,05529 0,055294

TSPC -89.200.044.082 -0,027336 0,195002 0,233149 0,000000 0,000000 0,0221886 0,0127882 -0,001166 0,0116224 -0,03896 0,038958

TCID -25.766.049.982 -0,025905 0,078637 0,398902 0,000000 0,000000 0,0149474 0,004713 -0,001995 0,0027185 -0,02862 0,028624

SRSN 2.040.205.000 0,004931 -0,023378 0,222747 0,000000 0,000000 0,0028349 -0,00194 -0,001114 -0,003053 0,007984 0,007984

KRAS 214.254.000.000 0,016744 -0,160785 0,343028 0,000000 0,000000 -0,033863 -0,009392 -0,001715 -0,011107 0,027851 0,027851

Tahun 2011

∆Rect ∆Revt

KODE Laba bersih CFO Ait-1 PPEt 2010 2009 HSIL 2010 2009 HSIL

INDF 5.017.425.000.000 4.968.991.000.000 47.275.955.000.000 12.921.013.000.000 4.215.784.000.000 3.286.929.000.000 928.855.000.000 45.332.256.000.000 38.403.360.000.000 6.928.896.000.000

PSDN 23.858.490.558 20.800.798.709 414.611.350.180 119.914.346.805 63.124.563.474 71.598.585.450 -8.474.021.976 1.246.290.753.836 928.526.978.567 317.763.775.269

SKLT 5.976.790.919 17.708.603.858 199.375.442.469 100.331.701.554 46.605.734.774 38.606.051.231 7.999.683.543 344.435.729.830 314.145.710.944 30.290.018.886

STTP 42.675.154.847 89.728.684.467 649.273.975.548 579.812.502.191 114.660.125.166 112.881.407.246 1.778.717.920 1.027.683.999.319 762.612.830.093 265.071.169.226

TBLA 421.684.000.000 838.469.000.000 3.651.105.000.000 1.392.516.000.000 244.243.000.000 236.107.000.000 8.136.000.000 3.731.749.000.000 2.951.114.000.000 780.635.000.000

ULTJ 101.323.273.593 322.963.103.223 2.006.595.762.260 1.069.735.963.102 275.488.746.897 193.510.727.669 81.978.019.228 2.102.383.741.532 1.880.411.473.916 221.972.267.616

GGRM 4.958.102.000.000 -90.307.000.000 30.741.679.000.000 8.189.881.000.000 937.987.000.000 915.004.000.000 22.983.000.000 41.884.352.000.000 37.691.997.000.000 4.192.355.000.000

ARGO -108.481.538.000 -49.166.131.000 1.428.233.566.000 1.139.366.938.000 59.023.943.000 53.014.883.000 6.009.060.000 848.307.906.000 664.257.009.000 184.050.897.000

MYTX 17.285.049.940 8.016.053.554 1.017.613.013.155 502.092.188.459 110.482.632.253 83.477.089.021 27.005.543.232 1.016.881.448.518 661.992.384.716 354.889.063.802

RDTX 113.923.648.914 153.084.070.257 852.447.473.948 823.851.611.286 36.636.018.324 34.301.408.344 2.334.609.980 295.908.494.634 260.801.945.138 35.106.549.496

SSTM -24.097.995.553 42.939.506.442 872.458.721.356 373.271.702.153 76.185.680.581 318.419.273.091 -242.233.592.510 403.181.559.300 446.624.926.710 -43.443.367.410

BRPT -247.343.000.000 -772.330.000.000 16.015.188.000.000 11.003.788.000.000 1.274.731.000.000 1.092.570.000.000 182.161.000.000 19.377.426.000.000 16.965.228.000.000 2.412.198.000.000

SULI -314.850.544.330 24.329.806.895 1.955.535.689.750 863.580.371.124 81.483.152.295 127.525.548.413 -46.042.396.118 408.728.907.592 592.237.585.904 -183.508.678.312

AKRA 2.331.630.929.000 1.750.898.447.000 7.665.590.356.000 2.437.214.642.000 2.189.011.787.000 1.424.764.855.000 764.246.932.000 18.805.949.694.000 10.320.713.414.000 8.485.236.280.000

LTLS 105.220.000.000 -137.902.000.000 3.591.139.000.000 813.225.000.000 1.258.814.000.000 848.960.000.000 409.854.000.000 5.529.075.000.000 3.901.733.000.000 1.627.342.000.000

DPNS -6.641.710.478 14.122.036.999 175.682.792.596 11.162.623.619 22.461.849.102 16.832.109.760 5.629.739.342 121.168.473.285 97.283.942.857 23.884.530.428

BRNA 47.463.061.000 96.770.632.000 550.907.477.000 335.847.908.000 145.702.151.000 144.073.170.000 1.628.981.000 679.335.305.000 568.328.198.000 111.007.107.000

LMPI 5.424.322.790 -3.527.598.887 608.920.103.517 229.799.514.619 166.879.459.905 135.214.642.179 31.664.817.726 502.186.982.451 401.594.186.536 100.592.795.915

YPAS 16.621.158.688 16.053.217.304 200.856.257.619 112.512.961.530 55.140.718.657 44.508.309.765 10.632.408.892 373.047.761.804 348.359.143.634 24.688.618.170

ALMI 32.384.480.744 212.460.131.895 1.504.154.332.712 546.452.711.358 345.439.010.001 298.659.673.393 46.779.336.608 3.609.867.387.594 3.019.070.482.536 590.796.905.058

BTON 19.105.135.663 33.565.190.036 89.780.541.701 9.849.216.309 19.026.162.932 13.707.856.456 5.318.306.476 153.646.138.180 127.918.509.530 25.727.628.650

JPRS 37.684.943.108 -36.795.304.974 411.281.598.196 14.977.068.211 195.113.014.503 96.926.523.675 98.186.490.828 641.375.013.671 427.792.535.324 213.582.478.347

KRAS 1.022.843.000.000 245.651.000.000 17.584.059.000.000 5.644.107.000.000 2.376.066.000.000 1.692.568.000.000 683.498.000.000 17.915.382.000.000 14.940.265.000.000 2.975.117.000.000

LION 52.535.147.701 40.207.285.424 303.899.974.798 18.552.158.660 37.414.962.428 34.269.453.326 3.145.509.102 268.414.285.432 207.832.622.837 60.581.662.595

LMSH 10.897.341.682 5.100.086.069 78.200.046.845 20.218.277.600 27.648.764.831 17.520.758.610 10.128.006.221 207.522.581.381 161.011.674.412 46.510.906.969

PICO 12.323.071.886 -13.820.548.232 570.360.266.065 185.384.487.191 92.871.155.725 74.072.512.268 18.798.643.457 621.233.560.518 586.317.697.184 34.915.863.334

NIKL -19.263.242.000 -117.009.809.000 917.662.004.000 201.947.021.000 228.671.847.000 210.573.411.000 18.098.436.000 1.264.409.623.000 1.361.898.489.000 -97.488.866.000

TBMS 21.033.879.586 -149.657.729.463 1.239.043.088.831 120.578.539.942 1.008.453.489.229 746.958.836.948 261.494.652.281 6.067.106.666.012 4.275.538.434.054 1.791.568.231.958

TIRA 7.462.361.826 11.779.972.468 217.836.655.892 65.558.923.866 53.148.607.906 56.544.379.149 -3.395.771.243 296.926.965.325 268.977.739.355 27.949.225.970

IKAI -50.623.037.636 -978.188.939 643.787.995.738 407.870.955.299 39.050.696.168 59.779.577.500 -20.728.881.332 210.970.407.747 228.717.473.685 -17.747.065.938

KBLM 19.002.962.627 47.220.266.787 403.194.715.268 282.192.612.400 184.796.262.547 107.420.032.036 77.376.230.511 864.752.600.095 542.618.175.974 322.134.424.121

MTDL 69.173.608.628 99.430.584.541 945.242.001.932 131.879.360.975 427.704.486.562 331.269.717.416 96.434.769.146 4.408.711.598.083 3.953.971.372.337 454.740.225.746

PTSN -7.382.855.475 52.834.895.934 825.566.764.849 405.649.471.089 202.098.882.021 256.229.191.880 -54.130.309.859 2.034.514.891.841 2.177.895.706.835 -143.380.814.994

ASII 21.348.000.000.000 9.330.000.000.000 112.857.000.000.000 28.804.000.000.000 57.652.000.000.000 40.768.000.000.000 16.884.000.000.000 162.564.000.000.000 129.038.000.000.000 33.526.000.000.000

AUTO 1.105.649.000.000 258.576.000.000 5.585.852.000.000 1.547.831.000.000 1.017.494.000.000 849.087.000.000 168.407.000.000 7.363.659.000.000 6.255.109.000.000 1.108.550.000.000

GJTL 946.046.000.000 304.312.000.000 10.371.567.000.000 4.588.389.000.000 2.579.441.000.000 2.259.477.000.000 319.964.000.000 11.841.396.000.000 9.853.904.000.000 1.987.492.000.000

BRAM 54.979.036.000 141.798.770.000 1.492.727.607.000 712.670.223.000 327.103.342.000 277.944.860.000 49.158.482.000 1.900.212.056.000 1.805.359.612.000 94.852.444.000

INDS 120.415.120.240 121.348.618.263 769.815.652.287 340.926.079.186 227.900.176.097 167.004.365.426 60.895.810.671 1.234.986.291.420 1.027.120.388.110 207.865.903.310

NIPS 17.831.046.421 -44.903.715.248 337.605.715.524 175.431.326.084 137.174.728.688 100.263.423.616 36.911.305.072 579.224.436.320 400.894.525.220 178.329.911.100

PRAS 4.531.237.926 4.646.576.990 461.968.722.867 222.467.093.212 104.605.802.835 26.397.508.156 78.208.294.679 330.446.667.706 287.200.306.413 43.246.361.293

SMSM 219.260.485.960 229.766.347.392 1.067.103.249.531 397.702.004.051 358.253.070.780 314.122.797.153 44.130.273.627 1.807.890.780.238 1.561.786.956.669 246.103.823.569

KONI 3.076.170.318 9.268.968.951 84.841.378.260 21.316.009.304 10.314.345.154 10.569.635.427 -255.290.273 67.330.692.745 77.888.958.822 -10.558.266.077

PYFA 5.172.045.680 1.688.060.047 100.586.999.230 55.114.227.514 24.057.783.179 20.587.473.955 3.470.309.224 151.094.461.045 140.858.442.443 10.236.018.602

TSCP 585.308.879.593 587.799.605.916 3.589.595.911.220 886.134.968.731 636.536.643.437 554.769.367.837 81.767.275.600 5.780.664.117.037 5.134.242.102.154 646.422.014.883

TCID 140.295.062.641 73.140.815.235 1.047.238.440.003 416.328.119.478 251.111.193.784 205.597.360.445 45.513.833.339 1.654.671.098.358 1.466.938.711.851 187.732.386.507

MRAT 42.662.530.378 20.619.824.390 333.129.929.836 67.398.292.985 202.620.776.389 176.874.802.337 25.745.974.052 648.375.230.795 566.186.416.236 82.188.814.559

APAC -123.633.602.028 -4.445.045.423 1.882.934.081.017 1.329.031.428.401 145.687.359.619 152.533.147.065 -6.845.787.446 1.957.035.256.801 1.723.962.951.296 233.072.305.505

SRSN 23.987.816.000 29.713.806.000 364.004.769.000 85.639.848.000 105.020.767.000 73.170.750.000 31.850.017.000 387.354.222.000 342.870.221.000 44.484.001.000

BATA 56.615.123.000 70.623.707.000 484.252.555.000 169.554.791.000 29.719.350.000 23.075.982.000 6.643.368.000 678.591.535.000 644.189.190.000 34.402.345.000

ALDO 7.633.152.490 127.074.583 134.599.084.530 73.125.377.937 51.059.881.604 49.708.272.658 1.351.608.946 224.802.861.887 220.763.874.733 4.038.987.154

UNTR 5.863.471.000.000 10.440.274.000.000 29.700.914.000.000 13.670.208.000.000 10.047.878.000.000 5.409.109.000.000 4.638.769.000.000 55.052.562.000.000 37.328.872.000.000 17.723.690.000.000

KAEF 171.763.175.754 81.552.753.104 1.657.291.834.312 426.719.769.958 393.427.755.044 369.979.199.087 23.448.555.957 3.481.166.441.259 3.183.829.303.909 297.337.137.350

langkah 1 langkah 2 langkah 3 langkah 4

KODE Tait Tait/Ait-1 ∆Revt/Ait-1 PPEt/Ait-1 (1/Ait-1) β0/Ait-1 ∆Rect/Ait-1 β1 {(∆Revt/Ait-1)-(∆Rect/Ait-1)} β2(PPEt/Ait-1) NDAit DAit AbsDAit

INDF 48.434.000.000 0,001024 0,146563 0,273310 0,000000 0,000000 0,0196475 0,0093917 -0,001367 0,0080252 -0,007 0,007001

PSDN 3.057.691.849 0,007375 0,766414 0,289221 0,000000 0,000000 -0,020438 0,0582271 -0,001446 0,0567809 -0,04941 0,049406

SKLT -11.731.812.939 -0,058843 0,151925 0,503230 0,000000 0,000000 0,0401237 0,0082733 -0,002516 0,0057571 -0,0646 0,0646

STTP -47.053.529.620 -0,072471 0,408258 0,893017 0,000000 0,000000 0,0027395 0,0300084 -0,004465 0,0255433 -0,09801 0,098014

TBLA -416.785.000.000 -0,114153 0,213808 0,381396 0,000000 0,000000 0,0022284 0,0156569 -0,001907 0,0137499 -0,1279 0,127903

ULTJ -221.639.829.630 -0,110456 0,110621 0,533110 0,000000 0,000000 0,0408543 0,0051628 -0,002666 0,0024972 -0,11295 0,112953

GGRM 5.048.409.000.000 0,164220 0,136374 0,266410 0,000000 0,000000 0,0007476 0,0100363 -0,001332 0,0087043 0,155516 0,155516

ARGO -59.315.407.000 -0,041531 0,128866 0,797746 0,000000 0,000000 0,0042073 0,0092247 -0,003989 0,005236 -0,04677 0,046767

MYTX 9.268.996.386 0,009109 0,348747 0,493402 0,000000 0,000000 0,0265381 0,0238434 -0,002467 0,0213764 -0,01227 0,012268

RDTX -39.160.421.343 -0,045939 0,041183 0,966454 0,000000 0,000000 0,0027387 0,0028449 -0,004832 -0,001987 -0,04395 0,043951

SSTM -67.037.501.995 -0,076837 -0,049794 0,427839 0,000000 0,000000 -0,277645 0,0168609 -0,002139 0,0147217 -0,09156 0,091559

BRPT 524.987.000.000 0,032781 0,150619 0,687085 0,000000 0,000000 0,0113743 0,0103041 -0,003435 0,0068687 0,025912 0,025912

SULI -339.180.351.225 -0,173446 -0,093841 0,441608 0,000000 0,000000 -0,023545 -0,005202 -0,002208 -0,00741 -0,16604 0,166036

AKRA 580.732.482.000 0,075758 1,106925 0,317942 0,000000 0,000000 0,0996984 0,0745348 -0,00159 0,0729451 0,002813 0,002813

LTLS 243.122.000.000 0,067701 0,453155 0,226453 0,000000 0,000000 0,1141292 0,0250879 -0,001132 0,0239556 0,043745 0,043745

DPNS -20.763.747.477 -0,118189 0,135953 0,063539 0,000000 0,000000 0,0320449 0,0076892 -0,000318 0,0073715 -0,12556 0,12556

BRNA -49.307.571.000 -0,089502 0,201499 0,609627 0,000000 0,000000 0,0029569 0,0146921 -0,003048 0,011644 -0,10115 0,101146

LMPI 8.951.921.677 0,014701 0,165199 0,377389 0,000000 0,000000 0,0520016 0,0083766 -0,001887 0,0064896 0,008212 0,008212

YPAS 567.941.384 0,002828 0,122917 0,560167 0,000000 0,000000 0,0529354 0,0051786 -0,002801 0,0023778 0,00045 0,00045

ALMI -180.075.651.151 -0,119719 0,392777 0,363296 0,000000 0,000000 0,0311001 0,0267641 -0,001816 0,0249476 -0,14467 0,144666

BTON -14.460.054.373 -0,161060 0,286561 0,109703 0,000000 0,000000 0,0592367 0,016822 -0,000549 0,0162735 -0,17733 0,177334

JPRS 74.480.248.082 0,181093 0,519310 0,036416 0,000000 0,000000 0,238733 0,0207627 -0,000182 0,0205806 0,160512 0,160512

KRAS 777.192.000.000 0,044199 0,169194 0,320979 0,000000 0,000000 0,0388703 0,009644 -0,001605 0,0080391 0,03616 0,03616

LION 12.327.862.277 0,040566 0,199347 0,061047 0,000000 0,000000 0,0103505 0,0139858 -0,000305 0,0136805 0,026885 0,026885

LMSH 5.797.255.613 0,074134 0,594768 0,258546 0,000000 0,000000 0,1295141 0,0344288 -0,001293 0,0331361 0,040998 0,040998

PICO 26.143.620.118 0,045837 0,061217 0,325031 0,000000 0,000000 0,0329592 0,0020911 -0,001625 0,0004659 0,045371 0,045371

NIKL 97.746.567.000 0,106517 -0,106236 0,220067 0,000000 0,000000 0,0197223 -0,009321 -0,0011 -0,010421 0,116938 0,116938

TBMS 170.691.609.049 0,137761 1,445929 0,097316 0,000000 0,000000 0,2110456 0,0913814 -0,000487 0,0908948 0,046866 0,046866

TIRA -4.317.610.642 -0,019820 0,128304 0,300955 0,000000 0,000000 -0,015589 0,010648 -0,001505 0,0091433 -0,02896 0,028964

IKAI -49.644.848.697 -0,077114 -0,027567 0,633549 0,000000 0,000000 -0,032198 0,0003427 -0,003168 -0,002825 -0,07429 0,074289

KBLM -28.217.304.160 -0,069984 0,798955 0,699892 0,000000 0,000000 0,1919078 0,0449215 -0,003499 0,041422 -0,11141 0,111406

MTDL -30.256.975.913 -0,032010 0,481083 0,139519 0,000000 0,000000 0,1020212 0,0280506 -0,000698 0,027353 -0,05936 0,059363

PTSN -60.217.751.409 -0,072941 -0,173676 0,491359 0,000000 0,000000 -0,065567 -0,008 -0,002457 -0,010457 -0,06248 0,062484

ASII 12.018.000.000.000 0,106489 0,297066 0,255226 0,000000 0,000000 0,1496053 0,0109121 -0,001276 0,009636 0,096853 0,096853

AUTO 847.073.000.000 0,151646 0,198457 0,277098 0,000000 0,000000 0,0301488 0,0124548 -0,001385 0,0110693 0,140577 0,140577

GJTL 641.734.000.000 0,061874 0,191629 0,442401 0,000000 0,000000 0,0308501 0,0118976 -0,002212 0,0096856 0,052189 0,052189

BRAM -86.819.734.000 -0,058162 0,063543 0,477428 0,000000 0,000000 0,032932 0,0022652 -0,002387 -0,000122 -0,05804 0,05804

INDS -933.498.023 -0,001213 0,270020 0,442867 0,000000 0,000000 0,0791044 0,0141278 -0,002214 0,0119134 -0,01313 0,013126

NIPS 62.734.761.669 0,185823 0,528219 0,519634 0,000000 0,000000 0,1093326 0,0309976 -0,002598 0,0283995 0,157423 0,157423

PRAS -115.339.064 -0,000250 0,093613 0,481563 0,000000 0,000000 0,1692935 -0,0056 -0,002408 -0,008008 0,007758 0,007758

SMSM -10.505.861.432 -0,009845 0,230628 0,372693 0,000000 0,000000 0,0413552 0,0140062 -0,001863 0,0121427 -0,02199 0,021988

KONI -6.192.798.633 -0,072993 -0,124447 0,251245 0,000000 0,000000 -0,003009 -0,008986 -0,001256 -0,010243 -0,06275 0,06275

PYFA 3.483.985.633 0,034637 0,101763 0,547926 0,000000 0,000000 0,0345006 0,0049774 -0,00274 0,0022378 0,032399 0,032399

TSCP -2.490.726.323 -0,000694 0,180082 0,246862 0,000000 0,000000 0,022779 0,0116404 -0,001234 0,0104061 -0,0111 0,0111

TCID 67.154.247.406 0,064125 0,179264 0,397549 0,000000 0,000000 0,0434608 0,0100495 -0,001988 0,0080617 0,056063 0,056063

MRAT 22.042.705.988 0,066168 0,246717 0,202318 0,000000 0,000000 0,0772851 0,012538 -0,001012 0,0115264 0,054642 0,054642

APAC -119.188.556.605 -0,063299 0,123781 0,705830 0,000000 0,000000 -0,003636 0,0094289 -0,003529 0,0058997 -0,0692 0,069199

SRSN -5.725.990.000 -0,015731 0,122207 0,235271 0,000000 0,000000 0,0874989 0,0025684 -0,001176 0,0013921 -0,01712 0,017123

BATA -14.008.584.000 -0,028928 0,071042 0,350137 0,000000 0,000000 0,0137188 0,0042419 -0,001751 0,0024912 -0,03142 0,03142

ALDO 7.506.077.907 0,055766 0,030008 0,543283 0,000000 0,000000 0,0100417 0,0014775 -0,002716 -0,001239 0,057005 0,057005

UNTR -4.576.803.000.000 -0,154096 0,596739 0,460262 0,000000 0,000000 0,1561827 0,0326012 -0,002301 0,0302998 -0,1844 0,184396

KAEF 90.210.422.650 0,054432 0,179411 0,257480 0,000000 0,000000 0,0141487 0,0122294 -0,001287 0,010942 0,04349 0,04349

Perhitungan Hipotesis Kinerja Keuangan dan

Kompensasi Bonus

Tahun 2009

ROE DER KODE Laba bersih Equity ROE KOMP Tot Hutang Tot Equity DER INDF 2.075.861.000.000 10.155.495.000.000 0,204408 0 24.886.781.000.000 10.155.495.000.000 2,450573 SKLT 12.802.527.979 113.467.922.079 0,112829 0 82.714.835.051 113.467.922.079 0,728971 ULTJ 61.152.852.190 1.191.583.178.276 0,051321 0 538.164.224.542 1.191.583.178.276 0,451638 GGRM 3.455.702.000.000 18.301.537.000.000 0,18882 0 8.848.424.000.000 18.301.537.000.000 0,48348 SSTM 31.135.279.839 313.255.131.385 0,099393 0 563.976.258.532 313.255.131.385 1,800374 BRPT 547.265.000.000 6.467.418.000.000 0,084619 0 7.573.990.000.000 6.467.418.000.000 1,1711 KBRI 20.514.623.685 523.710.782.321 0,039172 0 564.953.418.020 523.710.782.321 1,078751 AKRA 274.718.650.000 1.741.060.477.000 0,157788 1 3.832.252.552.000 1.741.060.477.000 2,201102 ETWA 10.416.886.250 264.144.317.882 0,039436 0 270.972.109.843 264.144.317.882 1,025849 TPIA 482.884.000.000 1.785.863.000.000 0,270393 0 962.052.000.000 1.785.863.000.000 0,538704 ASPL 30.124.714.633 155.625.081.405 0,193572 0 146.756.029.221 155.625.081.405 0,94301 BRNA 20.260.227.896 179.729.698.846 0,112726 0 305.972.833.038 179.729.698.846 1,702406 LMPI 5.991.716.796 398.901.503.794 0,015021 0 141.612.216.701 398.901.503.794 0,355005 YPAS 18.540.681.482 123.669.855.301 0,149921 0 67.466.291.661 123.669.855.301 0,545535 BTON 9.388.156.670 64.626.406.123 0,145268 0 5.157.471.281 64.626.406.123 0,079804 INAI -12.824.140.133 63.781.013.341 -0,20107 0 406.634.957.862 63.781.013.341 6,375486 LION 33.613.329.078 227.799.218.314 0,147557 0 43.567.152.983 227.799.218.314 0,191252 LMSH 2.400.507.034 39.722.802.130 0,060431 0 33.108.113.850 39.722.802.130 0,833479 PICO 12.657.347.594 163.553.285.620 0,07739 0 379.106.954.696 163.553.285.620 2,317942 NIKL 41.996.826.000 427.499.245.000 0,098238 1 180.833.046.000 427.499.245.000 0,423002 IKBI 28.718.699.277 492.104.414.270 0,058359 0 69.844.457.698 492.104.414.270 0,14193 MLPL 110.691.000.000 1.586.463.000.000 0,069772 0 8.425.786.000.000 1.586.463.000.000 5,311051 ASII 10.040.000.000.000 39.894.000.000.000 0,251667 0 40.006.000.000.000 39.894.000.000.000 1,002807 AOTU 768.265.000.000 3.208.778.000.000 0,239426 0 1.262.292.000.000 3.208.778.000.000 0,393387 GJTL 905.330.000.000 2.670.660.000.000 0,338991 0 6.206.486.000.000 2.670.660.000.000 2,323952 BRAM 72.105.574.000 981.987.623.000 0,073428 0 333.646.266.000 981.987.623.000 0,339766 INTA 37.473.252.355 357.456.611.288 0,104833 0 682.054.367.132 357.456.611.288 1,908076 NIPS 3.685.250.963 127.003.495.421 0,029017 0 187.474.283.792 127.003.495.421 1,476135 KAEF 62.506.876.510 995.315.100.095 0,062801 0 567.309.530.042 995.315.100.095 0,56998 PYFA 3.772.968.359 73.026.002.882 0,051666 0 26.911.380.313 73.026.002.882 0,368518 TSPC 359.964.376.338 2.408.870.867.823 0,149433 0 819.647.097.648 2.408.870.867.823 0,340262 TCID 124.611.778.666 880.797.253.531 0,141476 1 113.822.972.438 880.797.253.531 0,129227 IGAR 24.740.866.566 207.280.708.502 0,119359 0 60.746.004.081 207.280.708.502 0,293062 UNTR 3.817.541.000.000 13.843.710.000.000 0,27576 0 10.453.748.000.000 13.843.710.000.000 0,755126

Tahun 2010

ROE DER KODE Laba bersih Equity ROE KOMP Tot Hutang Tot Equity DER INDF 2.952.858.000.000 16.784.671.000.000 0,175926 0 22.423.117.000.000 16.784.671.000.000 1,335928 SKLT 4.833.531.934 118.301.454.013 0,040858 0 81.070.404.211 118.301.454.013 0,685287 TBLA 246.663.187.000 1.234.180.494.000 0,19986 1 2.409.512.453.000 1.234.180.494.000 1,952318 GGRM 4.146.282.000.000 21.197.162.000.000 0,195606 0 9.421.403.000.000 21.197.162.000.000 0,444465 ARGO -125.015.984.000 211.904.038.000 -0,58997 0 1.216.329.528.000 211.904.038.000 5,740002 HDTX 1.190.607.578 548.601.271.430 0,00217 0 465.702.102.837 548.601.271.430 0,84889 BRPT -558.630.000.000 5.859.051.000.000 -0,09534 0 8.145.729.000.000 5.859.051.000.000 1,390281 SULI 4.549.597.019 355.812.307.790 0,012787 0 1.599.714.563.450 355.812.307.790 4,495951 AKRA 310.916.115.000 2.386.406.965.000 0,130286 1 4.806.757.170.000 2.386.406.965.000 2,014224 LTLS 86.982.000.000 817.950.000.000 0,106341 0 2.570.690.000.000 817.950.000.000 3,142845 DPNS 14.749.983.545 120.826.505.449 0,122076 0 48.342.281.124 120.826.505.449 0,400097 APLI 24.659.768.960 229.459.767.545 0,107469 0 105.490.781.452 229.459.767.545 0,459735 LMPI 2.794.104.212 401.695.608.006 0,006956 0 207.224.495.511 401.695.608.006 0,515874 YPAS 21.186.130.131 131.495.983.652 0,161116 0 69.360.273.967 131.495.983.652 0,527471 ALMI 43.722.582.261 505.798.105.207 0,086443 0 998.356.227.505 505.798.105.207 1,973824 LION 38.631.299.358 259.928.517.672 0,148623 0 43.971.457.126 259.928.517.672 0,169167 LMSH 7.350.536.344 46.785.338.474 0,157112 0 31.414.708.371 46.785.338.474 0,671465 PICO 12.063.079.000 175.591.221.000 0,0687 0 394.769.045.000 175.591.221.000 2,248228 TBMS 3.228.843.530 119.388.048.221 0,027045 0 1.119.655.040.610 119.388.048.221 9,378284 KICI 3.259.699.213 63.940.862.927 0,05098 0 22.001.345.739 63.940.862.927 0,344089 MITI 7.058.787.686 35.507.515.635 0,198797 0 79.417.209.721 35.507.515.635 2,236631 KBLM 3.921.611.855 227.151.469.628 0,017264 0 175.593.546.135 227.151.469.628 0,773024 IKBI 4.600.387.412 492.429.064.239 0,009342 0 108.391.265.412 492.429.064.239 0,220115 GJTL 830.624.000.000 3.526.597.000.000 0,235531 0 6.844.970.000.000 3.526.597.000.000 1,940956 BRAM 134.160.199.000 1.072.556.312.000 0,125085 0 283.850.592.000 1.072.556.312.000 0,264649 INTA 83.081.383.677 412.045.570.300 0,201632 0 1.198.084.207.003 412.045.570.300 2,90765 NIPS 12.662.580.885 148.166.676.306 0,085462 0 189.439.039.218 148.166.676.306 1,278554 SMSM 150.420.111.988 519.374.643.869 0,289618 1 498.627.884.127 519.374.643.869 0,960054 KAEF 138.716.044.100 1.114.028.943.712 0,124517 0 543.257.475.734 1.114.028.943.712 0,487651 PYFA 4.199.202.953 77.225.205.835 0,054376 0 23.361.793.395 77.225.205.835 0,302515 TSPC 488.889.258.921 2.604.104.062.843 0,187738 0 944.862.700.629 2.604.104.062.843 0,362836 TCID 131.445.098.783 948.480.404.874 0,138585 1 98.758.035.129 948.480.404.874 0,104122 SRSN 9.830.269.000 364.004.769.000 0,027006 0 135.752.357.000 364.004.769.000 0,372941 KRAS 1.062.683.000.000 9.293.915.000.000 0,114342 0 8.158.514.000.000 9.293.915.000.000 0,877834

Tahun 2011

ROE DER KODE Laba bersih Equity ROE KOMP Tot Hutang Tot Equity DER

INDF 5.017.425.000.000 31.610.225.000.000 0,158728 0 21.975.708.000.000 31.610.225.000.000 0,695209

PSDN 23.858.490.558 206.289.106.038 0,115656 0 215.077.297.281 206.289.106.038 1,042601

SKLT 5.976.790.919 122.900.348.177 0,048631 0 91.337.531.247 122.900.348.177 0,743184

MYTX 17.285.049.940 565.234.862.845 0,03058 0 448.340.225.267 565.234.862.845 0,793193

RDTX 113.923.648.914 828.375.992.995 0,137526 0 253.916.159.080 828.375.992.995 0,306523

SSTM -24.097.995.553 299.075.459.700 -0,08057 0 544.374.697.261 299.075.459.700 1,820192

BRPT -247.343.000.000 9.628.738.000.000 -0,02569 0 9.214.989.000.000 9.628.738.000.000 0,95703

AKRA 2.331.630.929.000 3.574.703.821.000 0,652258 1 4.733.539.947.000 3.574.703.821.000 1,324177

LTLS 105.220.000.000 953.851.000.000 0,110311 0 3.086.447.000.000 953.851.000.000 3,235775

LMPI 5.424.322.790 407.119.930.796 0,013324 0 278.775.688.530 407.119.930.796 0,684751

YPAS 16.621.158.688 148.117.142.340 0,112216 0 75.392.271.560 148.117.142.340 0,509004

KRAS 1.022.843.000.000 10.354.993.000.000 0,098778 0 11.156.569.000.000 10.354.993.000.000 1,07741

LION 52.535.147.701 302.060.465.373 0,173923 0 63.755.284.220 302.060.465.373 0,211068

LMSH 10.897.341.682 57.202.680.156 0,190504 0 40.816.452.492 57.202.680.156 0,713541

PICO 12.323.071.886 187.914.292.813 0,065578 0 373.926.044.212 187.914.292.813 1,989875

TBMS 21.033.879.586 138.585.227.807 0,151776 0 1.326.380.351.455 138.585.227.807 9,570864

TIRA 7.462.361.826 102.583.526.070 0,072744 0 121.290.846.001 102.583.526.070 1,182362

IKAI -50.623.037.636 288.875.637.665 -0,17524 0 259.914.352.655 288.875.637.665 0,899745

MTDL 69.173.608.628 582.522.929.617 0,118748 1 691.762.339.287 582.522.929.617 1,187528

GJTL 946.046.000.000 4.430.825.000.000 0,213515 0 7.123.318.000.000 4.430.825.000.000 1,607673

BRAM 54.979.036.000 1.201.725.440.000 0,04575 0 458.393.625.000 1.201.725.440.000 0,381446

INDS 120.415.120.240 632.249.053.230 0,190455 0 507.466.203.524 632.249.053.230 0,802637

SMSM 219.260.485.960 670.612.341.979 0,326956 1 466.245.600.402 670.612.341.979 0,695254

KONI 3.076.170.318 26.545.461.980 0,115883 0 48.750.318.129 26.545.461.980 1,836484

PYFA 5.172.045.680 82.397.251.515 0,06277 0 35.636.351.337 82.397.251.515 0,432494

TSCP 585.308.879.593 3.045.935.747.008 0,192161 0 1.204.438.648.313 3.045.935.747.008 0,395425

TCID 140.295.062.641 1.020.412.800.735 0,137489 1 110.452.261.687 1.020.412.800.735 0,108243

SRSN 23.987.816.000 252.240.228.000 0,095099 0 108.941.955.000 252.240.228.000 0,431898

BATA 56.615.123.000 354.480.088.000 0,159713 0 162.169.217.000 354.480.088.000 0,457485

ALDO 7.633.152.490 81.783.031.336 0,093334 0 82.739.679.642 81.783.031.336 1,011697

KAEF 171.763.175.754 1.252.505.683.826 0,137136 0 541.736.739.279 1.252.505.683.826 0,432522

Perhitungan Hipotesis GCG

Tahun 2009

KINST KMAN KAUD TOTKOM

KODE IND HSL INDF 50,05% 0,05% 4 10 3 0,3 SKLT 96,00% 0,12% 3 3 1 0,333333 ULTJ 46,82% 17,97% 3 3 1 0,333333 GGRM 73,06% 0,80% 3 5 4 0,8 SSTM 69,53% 7,66% 3 6 2 0,333333 BRPT 72,20% 0,43% 3 5 3 0,6 KBRI 33,33% 0,02% 3 3 1 0,333333 AKRA 70,82% 0,50% 3 3 1 0,333333 ETWA 55,96% 0,06% 3 3 1 0,333333 TPIA 77,93% 4,38% 3 5 2 0,4 ASPL 56,31% 7,69% 3 3 1 0,333333 BRNA 51,42% 10,51% 3 4 1 0,25 LMPI 77,53% 0,01% 3 2 1 0,5 YPAS 89,47% 0,35% 3 3 1 0,333333 BTON 54,31% 9,58% 3 2 1 0,5 INAI 65,86% 0,03% 3 5 1 0,2 LION 57,70% 0,23% 3 3 1 0,333333 LMSH 32,22% 25,61% 3 3 1 0,333333 PICO 94,01% 0,08% 3 3 1 0,333333 NIKL 80,00% 0,15% 3 5 2 0,4 IKBI 93,06% 0,10% 3 5 2 0,4 MLPL 31,99% 0,003% 3 4 2 0,5 ASII 50,11% 0,004% 4 10 5 0,5 AOTU 95,65% 0,04% 3 9 3 0,333333 GJTL 61,84% 0,08% 3 7 3 0,428571 BRAM 65,82% 25,40% 3 7 3 0,428571 INTA 86,50% 5,76% 3 3 1 0,333333 NIPS 37,11% 12,40% 3 3 1 0,333333 KAEF 90,03% 0,27% 3 5 3 0,6 PYFA 53,85% 23,08% 3 3 1 0,333333 TSPC 95,10% 0,0568% 3 3 2 0,666667 TCID 79,23% 0,18% 3 5 2 0,4 IGAR 67,51% 0,00000034% 3 3 1 0,333333 UNTR 59,50% 0,00000601% 3 8 3 0,375

Tahun 2010


KODE IND HSL INDF 50,05% 0,06% 4 10 3 0,3 SKLT 96,09% 0,12% 3 3 1 0,333333 TBLA 56,65% 0,10% 3 3 1 0,333333 GGRM 75,55% 0,80% 3 3 2 0,666667 ARGO 44,56% 2,40% 3 6 3 0,5 HDTX 88,63% 3,29% 3 4 2 0,5 BRPT 72,20% 0,49% 3 5 3 0,6 SULI 52,35% 1,21% 3 5 2 0,4 AKRA 59,24% 0,63% 3 3 1 0,333333 LTLS 63,03% 3,64% 3 5 2 0,4 DPNS 68,50% 6,87% 3 3 1 0,333333 APLI 66,66% 6,67% 3 3 1 0,333333 LMPI 77,53% 0,01% 3 2 1 0,5 YPAS 89,47% 0,35% 3 3 1 0,333333 ALMI 83,83% 1,60% 3 5 2 0,4 LION 57,70% 0,23% 3 3 1 0,333333 LMSH 32,22% 25,61% 3 3 1 0,333333 PICO 94,01% 0,80% 3 3 1 0,333333 TBMS 86,23% 0,05% 3 5 2 0,4 KICI 75,00% 5,00% 3 3 1 0,333333 MITI 32,43% 2,34% 3 4 2 0,5 KBLM 75,59% 6,40% 3 4 2 0,5 IKBI 93,06% 0,10% 3 5 2 0,4 GJTL 59,01% 0,08% 3 8 3 0,375 BRAM 65,82% 31,01% 3 7 3 0,428571 INTA 82,21% 3,53% 3 3 1 0,333333 NIPS 37,11% 12,40% 3 3 1 0,333333 SMSM 58,13% 6,04% 4 3 1 0,333333 KAEF 90,03% 0,00005% 3 5 3 0,6 PYFA 53,85% 23,08% 3 3 1 0,333333 TSPC 95,03% 0,08% 3 3 2 0,666667 TCID 73,77% 0,15% 4 3 2 0,666667 SRSN 85,32% 0,000005% 4 9 3 0,333333 KRAS 80,00% 0,000080% 3 4 2 0,5

Tahun 2011


KODE IND HSL INDF 50,07% 0,06% 4 9 3 0,333333 PSDN 72,09% 1,65% 3 6 2 0,333333 SKLT 96,09% 0,12% 3 3 1 0,333333 MYTX 89,91% 2,38% 3 4 1 0,25 RDTX 81,96% 1,03% 3 3 1 0,333333 SSTM 89,00% 8,00% 3 6 2 0,333333 BRPT 72,20% 0,49% 3 5 3 0,6 AKRA 59,67% 0,87% 3 3 1 0,333333 LTLS 63,03% 3,64% 3 5 2 0,4 LMPI 77,53% 0,01% 3 2 1 0,5 YPAS 89,47% 0,35% 3 3 1 0,333333 KRAS 80,00% 0,02% 3 5 2 0,4 LION 57,70% 0,23% 3 3 1 0,333333 LMSH 32,22% 25,61% 3 3 1 0,333333 PICO 94,01% 0,08% 3 3 1 0,333333 TBMS 86,23% 0,05% 3 5 2 0,4 TIRA 96,46% 0,01% 3 3 1 0,333333 IKAI 78,74% 3,03% 3 2 1 0,5 MTDL 25,13% 1,77% 3 3 1 0,333333 GJTL 59,81% 0,08% 3 8 3 0,375 BRAM 65,82% 28,09% 3 7 3 0,428571 INDS 88,10% 0,41% 3 3 1 0,333333 SMSM 58,31% 6,04% 3 3 1 0,333333 KONI 72,37% 5,58% 3 3 1 0,333333 PYFA 53,85% 23,08% 3 3 1 0,333333 TSCP 95,06% 0,09% 3 3 2 0,666667 TCID 73,77% 0,14% 4 5 2 0,4 SRSN 85,32% 0,000005% 3 9 3 0,333333 BATA 87,70% 0,000007% 3 5 2 0,4 ALDO 58,41% 14,32% 3 3 1 0,333333 KAEF 90,02% 0,00005% 4 5 2 0,4

Hasil Uji Asumsi Klasik

Regresi Berganda

Manajemen Laba

Uji Asumsi Klasik Manajemen Laba

1. Uji Normalitas (belum normal)

Uji Normalitas (sudah normal)

2. Uji Multikolinearitas

3. Uji Heteroskedastisitas

4. Uji Autokolerasi

Tests of Normality

,134 173 ,000 ,869 173 ,000Unstandardized ResidualStatistic df Sig. Statistic df Sig.

Kolmogorov-Smirnov a Shapiro-Wilk

Lilliefors Significance Correctiona.

Tests of Normality

,048 153 ,200* ,990 153 ,342Unstandardized ResidualStatistic df Sig. Statistic df Sig.


This is a lower bound of the true significance.*.


Coefficientsa

-,027 ,011 -2,490 ,014,074 ,019 ,309 3,985 ,000 1,000 1,000

-,005 ,022 -,019 -,241 ,810 1,000 1,000

(Constant)SALESAKTTTP

Model1

B Std. Error

UnstandardizedCoefficients

Beta

StandardizedCoefficients

t Sig. Tolerance VIFCollinearity Statistics

Dependent Variable: TACCRUALa.

Coefficients a

,065 ,007 9,788 ,000,006 ,012 ,043 ,533 ,595

-,017 ,013 -,103 -1,265 ,208


Model1

B Std. Error


Beta


t Sig.

Dependent Variable: ABSa.

Model Summaryb

,310a ,096 ,084 ,0764891 1,972Model1

R R SquareAdjustedR Square

Std. Error ofthe Estimate

Durbin-Watson

Predictors: (Constant), AKTTTP, SALESa.

Dependent Variable: TACCRUALb.

Regresi Berganda untuk perhitungan Manajemen Laba

Model Summary

,310a ,096 ,084 ,0764891Model1




ANOVAb

,093 2 ,047 7,978 ,001a

,878 150 ,006,971 152

RegressionResidualTotal

Model1

Sum ofSquares df Mean Square F Sig.


Dependent Variable: TACCRUALb.

Coefficientsa

-,027 ,011 -2,490 ,014,074 ,019 ,309 3,985 ,000

-,005 ,022 -,019 -,241 ,810


Model1

B Std. Error


Beta


t Sig.

Dependent Variable: TACCRUALa.

Hasil Uji Asumsi Klasik

Regresi Berganda

Pengujian Hipotesis

Uji Asumsi Klasik Pengujian Hipotesis

1. Uji Normalitas (belum normal)

Uji Normalitas (sudah normal)

2. Uji Multikolinearitas

3. Uji Heteroskedastisitas

Tests of Normality

,128 153 ,000 ,930 153 ,000Unstandardized ResidualStatistic df Sig. Statistic df Sig.

Kolmogorov-Smirnova Shapiro-Wilk


Tests of Normality

,075 98 ,200* ,974 98 ,047Unstandardized ResidualStatistic df Sig. Statistic df Sig.


This is a lower bound of the true significance.*.


Coefficientsa

,121 ,031 3,885 ,000-,122 ,019 -,542 -6,518 ,000 ,820 1,219,005 ,001 ,261 3,094 ,003 ,798 1,254,029 ,008 ,324 3,739 ,000 ,758 1,320

-,017 ,014 -,109 -1,228 ,223 ,717 1,394,019 ,034 ,052 ,561 ,576 ,673 1,486

-,026 ,009 -,250 -2,825 ,006 ,724 1,381,003 ,001 ,176 2,030 ,045 ,755 1,324,008 ,021 ,031 ,390 ,697 ,925 1,082

(Constant)ROEDERKOMPENKINSTKMANKAUDKOMISINDEP

Model1

B Std. Error


Beta


t Sig. Tolerance VIFCollinearity Statistics

Dependent Variable: ABSDAITa.

Coefficients a

,010 ,016 ,600 ,550-,010 ,010 -,113 -1,020 ,310,001 ,001 ,165 1,464 ,147

-,006 ,004 -,164 -1,417 ,160,001 ,007 ,010 ,083 ,934

-,002 ,018 -,015 -,119 ,906,001 ,005 ,021 ,181 ,856,000 ,001 ,026 ,229 ,819,009 ,011 ,090 ,863 ,390


Model1

B Std. Error


Beta


t Sig.

Dependent Variable: ABSa.

4. Uji Autokolerasi

Regresi Berganda Pengujian Hipotesis

Model Summary b

,703a ,495 ,450 ,0212512 1,916Model1



Durbin-Watson

Predictors: (Constant), INDEP, KOMIS, ROE, KINST, DER, KOMPEN,KAUD, KMAN

a.

Dependent Variable: ABSDAITb.

Model Summary

,703a ,495 ,450 ,0212512Model1



Predictors: (Constant), INDEP, KOMIS, ROE, KINST,DER, KOMPEN, KAUD, KMAN

a.

ANOVAb

,039 8 ,005 10,901 ,000a

,040 89 ,000,080 97

RegressionResidualTotal

Model1

Sum ofSquares df Mean Square F Sig.

Predictors: (Constant), INDEP, KOMIS, ROE, KINST, DER, KOMPEN, KAUD, KMANa.

Dependent Variable: ABSDAITb.

Coefficientsa

,121 ,031 3,885 ,000-,122 ,019 -,542 -6,518 ,000,005 ,001 ,261 3,094 ,003,029 ,008 ,324 3,739 ,000

-,017 ,014 -,109 -1,228 ,223,019 ,034 ,052 ,561 ,576

-,026 ,009 -,250 -2,825 ,006,003 ,001 ,176 2,030 ,045,008 ,021 ,031 ,390 ,697


Model1

B Std. Error


Beta


t Sig.

Dependent Variable: ABSDAITa.

Deskriptif Statistik

Deskriptif Statistik Variabel Kompensasi Bonus

Descriptive Statistics

98 -,5900 ,6523 ,107160 ,127196698 ,0798 9,5709 1,317143 1,658082298 ,2513 ,9646 ,701296 ,186428498 ,00000 ,31010 ,0434610 ,0768978198 3 4 3,08 ,27598 2 10 4,30 1,90698 ,2000 ,8000 ,401081 ,109042798 ,0005 ,1730 ,040744 ,028642498

ROEDERKINSTKMANKAUDKOMISINDEPABSDAITValid N (listwise)

N Minimum Maximum Mean Std. Deviation

KOMPEN

87 88,8 88,8 88,811 11,2 11,2 100,098 100,0 100,0

tidakkompensasiTotal

ValidFrequency Percent Valid Percent

CumulativePercent

DAFTAR PUSTAKA - repository.unika.ac.idrepository.unika.ac.id/1825/6/09.60.0094 Adyan Permatasari...

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