BAB III

COMMON-SIZE ANALYSIS

A. Revenue Based (Income Statement)

PT Multi Bintang Indonesia Tbk and its Subsidiaries

Common-size Consolidated Income Statement
2017 2016
Net sales 100% 100%
Cost of goods sold 32,98% 34,18%
Gross profit 67.01% 65,81
Selling expenses 15,49% 17,41%
General and administrative expenses 5,17%% 6,33%
Finance cost 7,44% 2,36%
Interest income 0,57% 0,67%
Other gains – net 6,33% 0,085%
Profit before tax 52,51% 40,45%
Income tax expense –net 13,50% 10,35%
Net income for the year 39,00% 30,09%

B. Assets Based (Financial Position)

PT Multi Bintang Indonesia Tbk and its Subsidiaries

Common-size Consolidated Financial Position
Financial Position 2017 2016
Assets :
Current Assets :
Cash and cash equivalents 223.054 8,88% 403.231 17,72%
Trade Account receivable :
Third parties 560.248 22,31% 286.846 12,60%
Related parties 12.149 0,48% 2.734 0,12%
Inventories 171.620 6.83% 138.137 6,07%
Prepaid Expenses 105.606 4,20% 64.050 2,81%
Prepaid VAT 1.368 0,05% - -
Other current assets 2.800 0,11% 6.260 0,27%
Non-Current Assets :
PPE-Net 1.364.086 54,34% 1.278.015 56,17%
Deferred tax assets-net 37.222 1,48% 38.947 1,71%
Claims for tax refund 26.958 1,07% 50.994 2,24%
Others non-current assets 4.967 0,19% 5.824 0,25%
Total Assets 2.510.078 100% 2.275.038 100%
Liabilities and Aquity
Current Liabilities :
Trade accounts payable :
Third parties 171.573 6,83% 114.950 5,05%
 Related parties 21.710 0,86% 4.674 0,20%
Short-term loans from a related party 300.000 11,95% 400.000 17,58%
Taxes payable :
Corporate income tax 55.736 2,22% 67.910 2,98%
Other taxes 3.367 2,92% 62.953 2,76%
Deposits on contains 213.187 8,49 190.454 8,37%
Derivative liabilities 1.154 0,04% 6.083 0.26%
Accrued expenses and other current 467.387 18,62% 479.237 21,06%
liabilities
Non-Current Liabilities :
Diferred tax liabilities 114.608 4,56% 110.687 4,86%
Employee benefits obligation 14.458 0,57% 8.543 0,37%
Other non-current liabilities 11.993 0,47% 8.907 0,39%
Equity :
Capital stock 21.070 0,83% 21.070 0,92%
Additional paid-in capital 1.802 0,07% 1.802 0,07%
Retained earnings :
Appropriated 14 0,00055% 13 0,00057%
Unappropriated 1.041.588 41,49% 797.639 35.06%
Non-controling interest 431 0,01% 116 0,0050
Total Liabilities and Equity 2.510.078 100% 2.275.038

C. Operating Leverage

Operating Laverage Approximated = 34,83%/3,87% = 9%

D. Cross-Sectional Comparisons

 Income Statement
PT Multi Bintang 2017 2017
PT Utrajaya Milk Industry
Indonesia Tbk & Trading Company Tbk
Net sales 100% 100% Net sales
Operating Profit 52,68% 19,66% Operating Profit
Pretax income 52,51% 21,03% Pretax income
Net Profit 15,49% 14,58% Net Profit

 Financial Position

PT Multi Bintang 2017 2017 PT Utrajaya Milk Industry

Indonesia Tbk & Trading Company Tbk
Current assets 42,90% 66,32% Current assets
Non-current assets 57.09% 33,67% Non-current assets
Current liabilities 51,95% 15,82% Current liabilities
Non-current liabilities 57,57% 3,03% Non-current liabilities
Equity 42,42% 81,14% Equity
E. Time Series
 Income Statement
2017 Change 2016
Net sales 103,87% 3,87% 100%
Cost of goods sold 100,22% 0,22% 100%
Gross profit 105,77% 5,77% 100%
Selling expenses 92,43% -7,57% 100%
General and administrative expenses 84,72% -15,28% 100%
Finance cost 32,71% -67,29% 100%
Interest income 88,66% 11,34% 100%
Other gains – net 7.665,85% 7.565,85% 100%
Profit before tax 134,83% 34,83% 100%
Income tax expense –net 135,46% 35,46% 100%
Net income for the year 134,61% 34,61% 100%

 Financial position
2017 Change 2016
Assets :
Current Assets :
Cash and cash equivalents 55,31% -44,69% 100%
Trade Account receivable :
Third parties 195,31% 95,31% 100%
Related parties 444,36% 344,36% 100%
Inventories 124,23% 24,23% 100%
Prepaid Expenses 164,88% 64,88% 100%
Prepaid VAT - - 0
Other current assets 44,72% -55,28% 100%
Total Current Assets 119,48% 19,48% 100%
Non-Current Assets :
PPE-Net 106,73% 6,73% 100%
Deferred tax assets-net 95,57% 4,43% 100%
Claims for tax refund 52,86% 47,14% 100%
Others non-current assets 85,28% 14,72% 100%
Total Non-current assets 104,32% 4,32% 100%
Total Assets 110,33% 10,33% 100%
Liabilities and Aquity
Current Liabilities :
Trade accounts payable :
Third parties 149,25% 49,25% 100%
Related parties 464,48% 364,48% 100%
Short-term loans from a related party 75% -25% 100%
Taxes payable :
Corporate income tax 82,07% -17,93% 100%
Other taxes 116,54% 16,54% 100%
Deposits on contains 111,93% 11,93% 100%
Derivative liabilities 18,97% -81,03% 100%
Accrued expenses and other current 97,52% -2,48% 100%
liabilities
 Total Current Liabilities 98,33% 1,67% 100%
Non-Current Liabilities :
Diferred tax liabilities 103,54% 3,54% 100%
Employee benefits obligation 169,23% 69,23% 100%
Other non-current liabilities 134,64% 34,64% 100%
Total Non-current liabilities 110,08% 10,08% 100%
Total Liabilities 93,51% 6,49% 100%
Equity :
Capital stock 100 0% 100%
Additional paid-in capital 100 0% 100%
Retained earnings :
Appropriated 129,23% 29,23% 100%
Unappropriated 130,58% 30,58% 100%
Non-controling interest 371,55% 271,55% 100%
Total Equity 129,76% 29,76% 100%
Total Liabilities and Equity 110,33% 10,33% 100%

F. Analisis
Analsis : Setiap kenaikan atau pun penurunan pada pendapatan dari PT Multi Bintang
Indonesia Tbk mengambarkan bawah perusahaan dapat meningkatkan grafik nya baik itu
penjualan maupun pendapat lainya. Kalaupun terjadi pernurunan mungkin saja telah terjadi
penurunan pada kinerja perusahaan baik itu dibagian penjualan, produksi dan lain sebagainya.
Sementara dari setiap kenaiakan atau penurunan dari beban yang dimiliki perusahaan dapat
mengambarkan bagaimana perusahaan menggunakan biaya atau beban secara efisien dan
efektif dalam menjalankan operasinya untuk mendapatkan laba yang besar.