A.
What is the financial statement
analysis
Financial statement analysis is one of the
task financial manager as internal party who is responsible for the company’s
financial statement
B.
Scope of Financial Statement Analysis
a.
Liquidity Analysis
b.
Solvency Analysis
c.
Profitability
Analysis
d.
Cash Flow Analysis
e.
Bankruptcy Analysis
f.
Risk Analysis
g.
Investment Analysis
C.
Profitability Analysis
a.
Gross Margin Percentage
b.
Earning Per Share
c.
Price Earning Ratio
d.
DevidenD Payout Ratio
e.
DevidenD Yield Ratio
f.
Return on Total Assets (ROA)
g.
Return on Common Shareholders’ Equity (ROCE)
D.
Return on Total Assets (ROA)
Return on assets (ROA) is a financial ratio
that shows the percentage of profit a company earns in relation to its overall
resources. It is commonly defined as net income divided by total assets. ROA
answers the question: "What can you do with the assets that you have available?"
The higher the ROA, the better the management.
E.
Financial Statement
a.
Balance Sheet
b.
Profit & Loss Statement
F.
Analysis
|
Year
|
Net
Income
|
Total
Assets
|
ROA
( %)
|
|
2008
|
2.660.742
|
22.847.721
|
11,6
|
|
2009
|
3.817.541
|
24.404.828
|
15,6
|
G. Conclusion
In
2008, any asset that is used to generate profit of 11,6% and in 2009, any asset
that is used to generate a profit of 15,6% so that the profitability of PT
United Tractors Tbk and Subsidiaries increased in 2009 about 4 %.
Group 4 :
1. Ildayani
2. Sulhi Husni
3. Andi Ardianzah
4. Feby Pricilia
5. Alfaega
1. Ildayani
2. Sulhi Husni
3. Andi Ardianzah
4. Feby Pricilia
5. Alfaega
A.
What is the audit report ?
The audit report is a formal tool of a auditor to
communicate the conclusions obtained about audited financial statements to
interested parties. Auditors must satisfy the fourth standards of reporting in
the made and pulled out the audit reports.
B.
Type of Audit Report
1. Standard
form of the reports
Standard form
of the audit reports (standard unqualified the audit report) - is a report auditor when the all audit conditions are
met, There is not mistake was found the significant misstatement that lay not
repaired, as well as the auditor's report contains the opinion that the
financial statements are presented fairly in accordance with GAAP / FRS.
2. Doesn’t standard form of the audit reports
Audit report does not contain the reasonable opinion
unconditional.
C.
Parts of the Standard Unqualified Audit
Report
1. Report
title
Auditing
standards require each report entitled report, and also listed in the title the
word independent. For example, the exact title is "independent auditors
'report,'" the report of the independent auditor, "or" opinion
of the independent accountants. "Obligation to include the word
independent is meant to inform the user that the the audit reports are
implemented in all its aspects objectively / impartially .
2. Audit
report address
This report
generally addressed to the company, the shareholders or the board of directors
of the company. In recent years, it has become a habit to address this report
to shareholders to indicate that the auditors are independent of the company
and the board of directors of the company being audited.
3. Introductory
paragraph
A statement
that the financial statements referred to in the auditor's report has been
audited by the auditors. A statement that the financial statements are the
responsibility of the management company and the auditor's responsibility is to
express an opinion on these financial statements based on the audit.
4. Scope
paragraph
An audit
includes examining, on a test basis, the evidence supporting the amounts and
disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation. We believe
that our audits provide a reasonable basis for our opinion.
5. Opinion
paragraph
An opinion as
to whether the financial statements present fairly, in all material respects,
the financial position of the company on the date of the balance sheet and
results of operations and cash flows for the year then ended in conformity with
accounting principles generally accepted in Indonesia.
6. Name
of CPA firm
Signature,
name colleagues, public accountant license number, license number of public
accounting firms.
7. Audit
report date
Last date when the auditor has completed the audit.
D.
Kinds
of Auditor Opinion
There are five types of opinion that can be given by
the auditor, that is:
1. Unqualified Opinion
It said an
unqualified opinion if the financial statements are presented fairly, in all
material respects, the financial position, results of operations, changes in
equity and cash flows in accordance with generally accepted accounting
principles.
2. Unqualified Opinion With Explanatory Language
This opinion
is given if there are certain conditions that require an auditor to add an
explanation (other explanatory language) in the audit report, although it does
not affect the unqualified opinion expressed by the auditor.
3. Qualified Opinion
The auditor believes, on the basis of
their audit that the financial statements contain deviations from generally
accepted accounting principles that have a material effect in Indonesia and he
concluded to not express an opinion that is not fair.
4. Adverse Opinion
This opinion is expressed when the
auditor's considers, these financial statements are not presented fairly in
accordance with accounting principles generally accepted in Indonesia.
5. Disclaimer of Opinion
Auditors express no opinion if he does
not perform an audit that the auditor gives an opinion on the financial
statements
E.
Financial Statement
Balance
Sheet Report
Profit
& Loss Statement
Statement
of Cash Flow
F.
Independent Auditor
HARYANTO SAHARI &
REKAN
Kantor Akuntan Publik Haryanto Sahari &
Rekan
JL.H.R.
Rasuna Said Kav. X-7 No.6
Jakarta
12940 – INDONESIA
P.O.Box
2473 JKP 10001
Telephone:
+62 21 5212901
Facsimile:
+62 21 52906555 / 52906050
www.pwc.com
INDEPENDENT
AUDITORS’ REPORT TO THE SHAREHOLDERS OF
PT SEMEN GRESIK (PERSERO) Tbk
We have audited the consolidated balance
sheets of PT Semen Gresik (Persero) Tbk (The Company”) and its subsidiaries as
at 31 December 2006 and 2005 and the related consolidated statements of income,
changes in equity and cash flows for the years then ended. These consolidated
financial statements are the responsibility of the companies management. Our
responsibility is to express an opinion on these consolidated financial
statements basic on our audits. We have also audited managements adjustment
described in note 3 to the financial statements that were applied to restate
the consolidated financial statements as at and for the year ended 31 December
2005. The net impact of such adjustments represents 0,01 % of total assets and
0,77% of total liabilities as at 31 December 2005, and 2,03% of net income for
the year then ended. In our opinion, such adjustments are appropriate and have
been property applied.
We conducted our audits in accordence with
auditing standards estabilished by the Indonesian Institute of Accountants.
These standards require that we plan and perform the audit to obtain reasonable
assurance that the final statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as
well as evaluating the overall presentation of the financial statements. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial
statements referred to above present
fairly, in all material respects the consolidated financial positions of
the company and it’s subsidiaries as at 31 december 2006 and 2005, and the
consolidated results of their operations and their cash flows for the years
then ended in conformity with accounting principles generally accepted in
Indonesia.
As discussed in Notes 30e and 30f to the
consolidated financial statements, Minang Maimbau foundation and Koperasi
Keluarga Besar Semen Padang filed separate lawsuits against the company. The
lawsuits demand SP’s spin off from the company, and the annulment of the
resolutions of Sp’s Extraordinary General Shareholders’ Meeting held on 12 May
2003, which include a change in SP’s management. The view of the companies
legal counsel regarding these cases is also included in Notes 30e and 30f. In
addition to that, as discussed in Notes 30a and 30b to the consolidated
financial statements, a former independent commisioner of the company filed a
lawsuits against the company and another party, and KPPU’s decision that the
company violated Law No.5/1999 on the Pohibition of Monopolistic Practice and
Unfair Business Competition. As of the date of this report, the cases are still
pending. The consolidated financial statements do not include any adjustments
which might arise as a result of the above lawsuits.
JAKARTA
29
March 2007
Drs.
Haryanto Sahari
Licence
of Public Accountant No. 9B.1.0286
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