Daftar Penentuan Sampel Penelitian

Transkripsi

1 Lampiran i Daftar Penentuan Sampel Penelitian No Nama Perusahaan Kode Kriteria Sampel 1 PT. Bank Agroniaga Tbk. AGRO X v x - 2 PT. Bank Artha Graha Internasional Tbk. INPC X v v 3 PT. Bank Bukopin Tbk. BBKP V v v 1 4 PT. Bank Bumi Arta Tbk. BBBA v v v 2 5 PT. Bank Bumiputera Indonesia Tbk. BABP v v x - 6 PT. Bank Capital Indonesia Tbk. BACA x v v - 7 PT. Bank Central Asia Tbk. BBCA v v v 3 8 PT. Bank Century Tbk. BCIC v v x - 9 PT. Bank CIMB Niaga Tbk. BNGA v v v 4 10 PT. Bank Danamon Tbk. BDMN v v v 5 11 PT. Bank Ekonomi Raharja Tbk. BAEK x v v - 12 PT. Bank Eksekutif Internasional Tbk. BEKS v v x - 13 PT. Bank Himpunan Saudara 1906 Tbk. SDRA v v v 6 14 PT. Bank Internasional Indonesia Tbk. BNII v v x - 15 PT. Bank Kesawan Tbk. BKSW v v v 7 16 PT. Bank Lippo Tbk. LPBN x v v - 17 PT. Bank Mandiri (Persero) Tbk. BMRI v v v 8 18 PT. Bank Mayapada Tbk. MAYA v v v 9 19 PT. Bank Mega Tbk. MEGA v v v PT. Bank Negara Indonesia (Persero) Tbk. BBNI v v v PT. Bank NISP Tbk. NISP v v v PT. Bank Nusantara Parahyangan Tbk. BBNP v v v PT. Bank Pan Indonesia Tbk. PNBN v v v PT. Bank Permata Tbk. BNLI v v v PT. Bank Rakyat Indonesia (Persero) Tbk. BBRI v v v PT. Bank Swadesi Tbk. BSWD v v v PT. Bank Tabungan Pensiunan Nasional Tbk. BTPN x v v - 28 PT. Bank UOB Buana Tbk. BBIA v x v - 29 PT. Bank Victoria Internasional Tbk. BVIC v v v PT. Bank Windu Kentjana Internasional Tbk. MCOR x v v -

2 Lampiran ii Perhitungan Tingkat Pajak Tahun Tingkat Pajak Tahun 2007 Beban Pajak Laba Bersih Sebelum Pajak T 1 BBCA 1,912,378,000,000 6,401,630,000, % 2 BBKP 168,350,000, ,611,000, % 3 BBNI 579,396,000,000 1,481,140,000, % 4 BBNP 13,907,950,000 45,756,964, % 5 BBRI 2,942,073,000,000 7,780,074,000, % 6 BDMN 1,043,549,000,000 3,313,525,000, % 7 BKSW 958,611,714 7,217,134, % 8 BMRI 1,985,892,000,000 6,333,383,000, % 9 BNBA 9,043,953,872 29,845,598, % 10 BNGA 573,496,000,000 2,084,023,000, % 11 BNLI 227,886,000, ,798,000, % 12 BSWD 3,874,567,275 12,361,051, % 13 BVIC 8,422,120,000 57,976,213, % 14 MAYA 18,202,268,000 58,946,718, % 15 MEGA 225,301,000, ,020,000, % 16 NISP 101,809,000, ,893,000, % 17 PNBN 354,307,000,000 1,309,212,000, % 18 SDRA 14,082,083,115 45,685,799, %

3 Lampiran ii (Lanjutan) Tingkat Pajak Tahun 2008 Beban Pajak Laba Bersih Sebelum Pajak T 1 BBCA 1,943,904,000,000 7,720,043,000, % 2 BBKP 181,995,000, ,837,000, % 3 BBNI 706,480,000,000 1,932,385,000, % 4 BBNP 12,338,070,000 40,702,604, % 5 BBRI 2,863,644,000,000 8,822,012,000, % 6 BDMN 875,833,000,000 2,677,837,000, % 7 BKSW 1,665,762,117 4,778,839, % 8 BMRI 2,753,244,000,000 8,068,560,000, % 9 BNBA 13,952,028,081 41,573,289, % 10 BNGA 401,131,000,000 1,084,203,000, % 11 BNLI 293,478,000, ,737,000, % 12 BSWD 10,976,001,498 30,197,391, % 13 BVIC 9,523,789,000 44,786,384, % 14 MAYA 19,186,238,000 60,151,419, % 15 MEGA 173,160,000, ,841,000, % 16 NISP 137,306,000, ,228,000, % 17 PNBN 355,360,000,000 1,153,368,000, % 18 SDRA 17,642,449,313 55,300,018, % Tingkat Pajak Tahun 2009 Beban Pajak Laba Bersih Sebelum Pajak T 1 BBCA 2,137,850,000,000 8,945,092,000, % 2 BBKP 158,096,000, ,333,000, % 3 BBNI 957,230,000,000 3,443,949,000, % 4 BBNP 11,736,462,000 41,135,787, % 5 BBRI 2,582,936,000,000 9,891,228,000, % 6 BDMN 756,838,000,000 2,370,560,000, % 7 BKSW 2,399,387,607 6,387,726, % 8 BMRI 3,625,586,000,000 10,824,074,000, % 9 BNBA 12,944,818,475 41,158,495, % 10 BNGA 590,259,000,000 2,165,587,000, % 11 BNLI 280,545,000, ,622,000, % 12 BSWD 13,690,471,899 50,640,718, % 13 BVIC 16,363,677,000 62,604,172, % 14 MAYA 18,597,979,000 59,696,948, % 15 MEGA 103,289,000, ,749,000, % 16 NISP 176,290,000, ,155,000, % 17 PNBN 371,620,000,000 1,406,145,000, % 18 SDRA 15,470,253,555 51,115,302, %

4 Lampiran iii Perhitungan NOPAT Tahun ( Dalam Rupiah ) Perhitungan NOPAT Tahun 2007 No Kode Laba Bersih Sblm Pajak Beban Bunga EBIT 1 - T NOPAT 1 BBCA 6,401,630,000,000 6,748,076,000,000 13,149,706,000, % 9,221,455,154,377 2 BBKP 543,611,000,000 1,924,020,000,000 2,467,631,000, % 1,703,434,398,294 3 BBNI 1,481,140,000,000 7,410,289,000,000 8,891,429,000, % 5,413,257,863,656 4 BBNP 45,756,964, ,942,987, ,699,951, % 184,939,749,482 5 BBRI 7,780,074,000,000 6,544,059,000,000 14,324,133,000, % 8,907,392,111,969 6 BDMN 3,313,525,000,000 4,912,113,000,000 8,225,638,000, % 5,635,086,756,457 7 BKSW 7,217,134, ,572,067, ,789,202, % 132,495,064,777 8 BMRI 6,333,383,000,000 11,142,628,000,000 17,476,011,000, % 11,996,242,851,317 9 BNBA 29,845,598,137 88,635,743, ,481,341, % 82,578,566, BNGA 2,084,023,000,000 4,057,515,000,000 6,141,538,000, % 4,451,466,692, BNLI 736,798,000,000 1,799,116,000,000 2,535,914,000, % 1,751,575,147, BSWD 12,361,051,455 68,941,963,096 81,303,014, % 55,818,612, BVIC 57,976,213, ,190,619, ,166,832, % 282,203,977, MAYA 58,946,718, ,949,799, ,896,517, % 231,483,191, MEGA 746,020,000,000 1,953,050,000,000 2,699,070,000, % 1,883,940,150, NISP 351,893,000,000 1,444,965,000,000 1,796,858,000, % 1,276,994,529, PNBN 1,309,212,000,000 2,093,513,000,000 3,402,725,000, % 2,481,858,641, SDRA 45,685,799,672 78,630,611, ,316,411, % 85,997,413,855

5 Lampiran iii (Lanjutan) Perhitungan NOPAT Tahun 2008 Laba Bersih Sblm Pajak Beban Bunga EBIT 1 - T NOPAT 1 BBCA 7,720,043,000,000 6,944,833,000,000 14,664,876,000, % 10,972,265,594,086 2 BBKP 550,837,000,000 1,903,932,000,000 2,454,769,000, % 1,643,720,206,700 3 BBNI 1,932,385,000,000 6,716,256,000,000 8,648,641,000, % 5,486,697,653,472 4 BBNP 40,702,604, ,144,877, ,847,481, % 169,930,655,190 5 BBRI 8,822,012,000,000 8,445,579,000,000 17,267,591,000, % 11,662,493,958,463 6 BDMN 2,677,837,000,000 5,834,855,000,000 8,512,692,000, % 5,728,468,549,343 7 BKSW 4,778,839, ,383,318, ,162,158, % 90,002,915,843 8 BMRI 8,068,560,000,000 12,051,637,000,000 20,120,197,000, % 13,254,559,058,525 9 BNBA 41,573,289,221 97,652,718, ,226,008, % 92,501,651, BNGA 1,084,203,000,000 5,233,591,000,000 6,317,794,000, % 3,980,350,712, BNLI 754,737,000,000 2,336,141,000,000 3,090,878,000, % 1,888,996,160, BSWD 30,197,391,628 69,459,707,546 99,657,099, % 63,434,219, BVIC 44,786,384, ,684,969, ,471,353, % 355,466,328, MAYA 60,151,419, ,096,466, ,247,885, % 265,772,204, MEGA 674,841,000,000 2,112,213,000,000 2,787,054,000, % 2,071,913,291, NISP 454,228,000,000 1,385,114,000,000 1,839,342,000, % 1,283,337,762, PNBN 1,153,368,000,000 3,451,922,000,000 4,605,290,000, % 3,186,370,926, SDRA 55,300,018, ,120,347, ,420,366, % 124,903,486,844 Perhitungan NOPAT Tahun 2009 Laba Bersih Sblm Pajak Beban Bunga EBIT 1 - T NOPAT 1 BBCA 8,945,092,000,000 8,031,428,000,000 16,976,520,000, % 12,919,182,939,409 2 BBKP 520,333,000,000 2,201,904,000,000 2,722,237,000, % 1,895,122,862,031 3 BBNI 3,443,949,000,000 8,313,998,000,000 11,757,947,000, % 8,489,878,974,948 4 BBNP 41,135,787, ,639,024, ,774,811, % 209,957,843,894 5 BBRI 9,891,228,000,000 12,179,932,000,000 22,071,160,000, % 16,307,629,554,057 6 BDMN 2,370,560,000,000 6,220,816,000,000 8,591,376,000, % 5,848,446,131,493 7 BKSW 6,387,726, ,286,381, ,674,108, % 86,584,697,578 8 BMRI 10,824,074,000,000 15,821,849,000,000 26,645,923,000, % 17,720,717,445,615 9 BNBA 41,158,495,200 98,999,652, ,158,147, % 96,076,803, BNGA 2,165,587,000,000 5,161,062,000,000 7,326,649,000, % 5,329,675,194, BNLI 766,622,000,000 3,198,109,000,000 3,964,731,000, % 2,513,839,350, BSWD 50,640,718,622 84,719,952, ,360,670, % 98,766,572, BVIC 62,604,172, ,977,159, ,581,331, % 417,009,272, MAYA 59,696,948, ,088,036, ,784,984, % 405,354,990, MEGA 640,749,000,000 2,179,095,000,000 2,819,844,000, % 2,365,283,997, NISP 612,155,000,000 1,581,058,000,000 2,193,213,000, % 1,561,605,776, PNBN 1,406,145,000,000 4,150,677,000,000 5,556,822,000, % 4,088,249,276, SDRA 51,115,302, ,218,970, ,334,273, % 151,557,174,408

6 Lampiran iv Perhitungan Invested Capital Tahun ( Dalam Rupiah ) Perhitungan Invested Capital Tahun 2007 No Kode Kewajiban Ekuitas Total Kewajiban & Ekuitas Kewajiban Jk. Pendek Invested Capital 1 BBCA 197,563,277,000,000 20,441,731,000, ,005,008,000,000 1,563,303,000, ,441,705,000,000 2 BBKP 32,476,453,000,000 1,964,793,000,000 34,441,246,000, ,165,000,000 34,174,081,000,000 3 BBNI 166,094,416,000,000 17,219,585,000, ,314,001,000,000 5,588,573,000, ,725,428,000,000 4 BBNP 3,461,175,647, ,662,008,000 3,772,837,655,000 32,261,595,000 3,740,576,060,000 5 BBRI 184,297,303,000,000 19,437,635,000, ,734,938,000,000 5,096,370,000, ,638,568,000,000 6 BDMN 78,239,344,000,000 10,833,445,000,000 89,072,789,000,000 3,157,809,000,000 85,914,980,000,000 7 BKSW 2,052,167,144, ,326,071,380 2,184,493,215,469 36,683,962,241 2,147,809,253,228 8 BMRI 289,835,512,000,000 29,243,732,000, ,079,244,000,000 2,673,783,000, ,405,461,000,000 9 BNBA 1,579,376,056, ,879,637,075 1,950,255,693,991 21,113,217,053 1,929,142,476, BNGA 84,661,444,000,000 9,081,875,000,000 93,743,319,000,000 2,122,149,000,000 91,621,170,000, BNLI 35,336,070,000,000 3,902,676,000,000 39,238,746,000,000 2,770,794,000,000 36,467,952,000, BSWD 1,043,090,917, ,653,427,807 1,167,744,345,349 5,227,774,163 1,162,516,571, BVIC 4,865,423,624, ,561,868,000 5,268,985,492,000 39,054,959,000 5,229,930,533, MAYA 3,533,225,670, ,651,927,000 4,474,877,597,000 26,543,883,000 4,448,333,714, MEGA 31,968,591,000,000 2,939,137,000,000 34,907,728,000, ,154,000,000 34,734,574,000, NISP 25,600,443,000,000 3,368,626,000,000 28,969,069,000, ,806,000,000 28,043,263,000, PNBN 45,150,760,000,000 7,500,147,000,000 52,650,907,000, ,558,000,000 52,066,349,000, SDRA 1,283,236,186, ,809,566,180 1,463,045,752,300 8,346,372,110 1,454,699,380,190

7 Lampiran iv (Lanjutan) No Kode Kewajiban Ekuitas Perhitungan Invested Capital Tahun 2008 Total Kewajiban & Ekuitas Kewajiban Jk. Pendek Invested Capital 1 BBCA 222,290,546,000,000 23,279,310,000, ,569,856,000,000 1,770,815,000, ,799,041,000,000 2 BBKP 30,465,096,000,000 2,163,167,000,000 32,628,263,000, ,683,000,000 32,346,580,000,000 3 BBNI 186,279,343,000,000 15,431,148,000, ,710,491,000,000 6,322,704,000, ,387,787,000,000 4 BBNP 3,354,787,741, ,026,543,000 3,694,814,284,000 31,549,525,000 3,663,264,759,000 5 BBRI 223,720,199,000,000 22,356,697,000, ,076,896,000,000 5,921,206,000, ,155,690,000,000 6 BDMN 96,159,098,000,000 10,579,068,000, ,738,166,000,000 3,010,197,000, ,727,969,000,000 7 BKSW 2,026,877,170, ,439,148,737 2,162,316,319,660 24,767,437,125 2,137,548,882,535 8 BMRI 327,896,740,000,000 30,513,869,000, ,410,609,000,000 4,541,106,000, ,869,503,000,000 9 BNBA 1,651,064,007, ,303,398,215 2,044,367,406,129 23,648,915,870 2,020,718,490, BNGA 93,836,346,000,000 9,302,467,000, ,138,813,000,000 2,229,216,000, ,909,597,000, BNLI 49,706,027,000,000 4,288,662,000,000 53,994,689,000,000 4,384,094,000,000 49,610,595,000, BSWD 1,077,207,449, ,672,874,037 1,359,880,323,678 11,875,671,391 1,348,004,652, BVIC 5,097,182,547, ,914,774,000 5,625,097,321,000 52,951,858,000 5,572,145,463, MAYA 4,562,349,231, ,344,782,000 5,512,694,013,000 36,901,166,000 5,475,792,847, MEGA 31,990,507,000,000 2,870,365,000,000 34,860,872,000, ,332,000,000 34,583,540,000, NISP 30,615,168,000,000 3,630,670,000,000 34,245,838,000, ,236,000,000 33,366,602,000, PNBN 55,664,960,000,000 7,935,016,000,000 63,599,976,000, ,053,000,000 63,218,923,000, SDRA 1,776,624,026, ,526,135,344 1,977,150,161,987 11,209,828,228 1,965,940,333,759 No Kode Kewajiban Ekuitas Perhitungan Invested Capital Tahun 2009 Total Kewajiban & Ekuitas Kewajiban Jk. Pendek Invested Capital 1 BBCA 254,535,601,000,000 27,856,693,000, ,392,294,000,000 1,267,740,000, ,124,554,000,000 2 BBKP 34,631,954,000,000 2,536,515,000,000 37,168,469,000, ,547,000,000 36,981,922,000,000 3 BBNI 208,322,445,000,000 19,143,582,000, ,466,027,000,000 6,336,927,000, ,129,100,000,000 4 BBNP 3,526,972,701, ,425,867,000 3,896,398,568,000 7,736,245,000 3,888,662,323,000 5 BBRI 289,689,648,000,000 27,257,381,000, ,947,029,000,000 4,676,724,000, ,270,305,000,000 6 BDMN 82,695,967,000,000 15,805,751,000,000 98,501,718,000,000 2,920,346,000,000 95,581,372,000,000 7 BKSW 2,169,290,806, ,492,610,312 2,347,783,416,748 20,863,803,076 2,326,919,613,672 8 BMRI 359,318,341,000,000 35,108,769,000, ,427,110,000,000 2,972,307,000, ,454,803,000,000 9 BNBA 1,988,575,919, ,610,174,940 2,403,186,094,861 22,311,747,225 2,380,874,347, BNGA 95,827,902,000,000 11,210,407,000, ,038,309,000,000 2,618,138,000, ,420,171,000, BNLI 51,107,365,000,000 4,835,512,000,000 55,942,877,000,000 2,464,240,000,000 53,478,637,000, BSWD 1,234,899,142, ,478,620,760 1,537,377,763,659 10,770,720,450 1,526,607,043, BVIC 6,729,656,813, ,350,354,000 7,359,007,167,000 68,870,163,000 7,290,137,004, MAYA 6,636,407,319, ,520,959,000 7,629,928,278,000 38,481,403,000 7,591,446,875, MEGA 36,281,380,000,000 3,403,242,000,000 39,684,622,000, ,571,000,000 39,300,051,000, NISP 32,915,296,000,000 4,137,300,000,000 37,052,596,000,000 1,034,502,000,000 36,018,094,000, PNBN 66,210,409,000,000 10,741,780,000,000 76,952,189,000, ,781,000,000 76,560,408,000, SDRA 2,150,071,128, ,624,570,351 2,403,695,698,642 14,886,716,150 2,388,808,982,492

8 Lampiran v Perhitungan Weight Average Cost of Capital (WACC) Tahun WACC Tahun 2007 D x rd 1 - T (Dxrd) (1-T) E x re WACC 1 BBCA 3.1% 70.0% 2.2% 2.1% 4.2% 2 BBKP 5.6% 69.0% 3.9% 1.1% 4.9% 3 BBNI 4.0% 61.0% 2.5% 0.5% 3.0% 4 BBNP 5.8% 70.0% 4.1% 0.8% 4.9% 5 BBRI 3.2% 62.0% 2.0% 2.4% 4.4% 6 BDMN 5.5% 69.0% 3.8% 2.5% 6.4% 7 BKSW 6.7% 87.0% 5.8% 0.3% 6.1% 8 BMRI 3.5% 69.0% 2.4% 1.4% 3.8% 9 BNBA 4.5% 70.0% 3.2% 1.1% 4.2% 10 BNGA 4.3% 72.0% 3.1% 1.6% 4.7% 11 BNLI 4.6% 69.0% 3.2% 1.3% 4.5% 12 BSWD 5.9% 69.0% 4.1% 0.7% 4.8% 13 BVIC 5.2% 85.0% 4.4% 0.9% 5.3% 14 MAYA 6.2% 69.0% 4.3% 0.9% 5.2% 15 MEGA 5.6% 70.0% 3.9% 1.5% 5.4% 16 NISP 5.0% 71.0% 3.5% 0.9% 4.4% 17 PNBN 4.0% 73.0% 2.9% 1.8% 4.7% 18 SDRA 5.4% 69.0% 3.7% 2.2% 5.9%

9 Lampiran v (Lanjutan) WACC Tahun 2008 D x rd 1 - T (Dxrd) (1-T) E x re WACC 1 BBCA 2.8% 75.0% 2.1% 2.4% 4.5% 2 BBKP 5.8% 67.0% 3.9% 1.1% 5.0% 3 BBNI 3.3% 63.0% 2.1% 0.6% 2.7% 4 BBNP 5.5% 70.0% 3.8% 0.8% 4.6% 5 BBRI 3.4% 68.0% 2.3% 2.4% 4.8% 6 BDMN 5.5% 67.0% 3.7% 1.7% 5.4% 7 BKSW 6.2% 65.0% 4.0% 0.1% 4.2% 8 BMRI 3.4% 66.0% 2.2% 1.5% 3.7% 9 BNBA 4.8% 66.0% 3.2% 1.4% 4.5% 10 BNGA 5.1% 63.0% 3.2% 0.7% 3.9% 11 BNLI 4.3% 61.0% 2.6% 0.9% 3.5% 12 BSWD 5.1% 64.0% 3.3% 1.4% 4.7% 13 BVIC 7.2% 79.0% 5.7% 0.6% 6.3% 14 MAYA 6.0% 68.0% 4.1% 0.7% 4.8% 15 MEGA 6.1% 74.0% 4.5% 1.4% 5.9% 16 NISP 4.0% 70.0% 2.8% 0.9% 3.8% 17 PNBN 5.4% 69.0% 3.7% 1.3% 5.0% 18 SDRA 6.5% 68.0% 4.4% 1.9% 6.3% WACC Tahun 2009 D x rd 1 - T (Dxrd) (1-T) E x re WACC 1 BBCA 2.8% 76.1% 2.2% 2.4% 4.6% 2 BBKP 5.9% 69.6% 4.1% 1.0% 5.1% 3 BBNI 3.7% 72.2% 2.6% 1.1% 3.7% 4 BBNP 6.5% 71.5% 4.6% 0.8% 5.4% 5 BBRI 3.8% 73.9% 2.8% 2.3% 5.1% 6 BDMN 6.3% 68.1% 4.3% 1.6% 5.9% 7 BKSW 5.6% 62.4% 3.5% 0.2% 3.7% 8 BMRI 4.0% 66.5% 2.7% 1.8% 4.5% 9 BNBA 4.1% 68.5% 2.8% 1.2% 4.0% 10 BNGA 4.8% 72.7% 3.5% 1.5% 5.0% 11 BNLI 5.7% 63.4% 3.6% 0.9% 4.5% 12 BSWD 5.5% 73.0% 4.0% 2.4% 6.4% 13 BVIC 6.8% 73.9% 5.0% 0.6% 5.7% 14 MAYA 6.9% 68.8% 4.8% 0.5% 5.3% 15 MEGA 5.5% 83.9% 4.6% 1.4% 6.0% 16 NISP 4.3% 71.2% 3.0% 1.2% 4.2% 17 PNBN 5.4% 73.6% 4.0% 1.3% 5.3% 18 SDRA 6.9% 69.7% 4.8% 1.5% 6.3%

10 Lampiran vi Perhitungan Capital Charges Tahun ( Dalam Rupiah ) Capital Charges Tahun 2007 WACC Invested Capital Capital Charges 1 BBCA 4.2% 216,441,705,000,000 9,146,839,917,968 2 BBKP 4.9% 34,174,081,000,000 1,689,625,700,093 3 BBNI 3.0% 177,725,428,000,000 5,256,722,734,806 4 BBNP 4.9% 3,740,576,060, ,220,248,279 5 BBRI 4.4% 198,638,568,000,000 8,672,803,807,447 6 BDMN 6.4% 85,914,980,000,000 5,458,699,231,320 7 BKSW 6.1% 2,147,809,253, ,674,341,664 8 BMRI 3.8% 316,405,461,000,000 11,935,047,254,034 9 BNBA 4.2% 1,929,142,476,938 81,949,777, BNGA 4.7% 91,621,170,000,000 4,331,608,171, BNLI 4.5% 36,467,952,000,000 1,626,706,693, BSWD 4.8% 1,162,516,571,186 55,805,484, BVIC 5.3% 5,229,930,533, ,833,902, MAYA 5.2% 4,448,333,714, ,778,686, MEGA 5.4% 34,734,574,000,000 1,878,489,613, NISP 4.4% 28,043,263,000,000 1,235,229,899, PNBN 4.7% 52,066,349,000,000 2,455,600,039, SDRA 5.9% 1,454,699,380,190 85,369,031,645

11 Lampiran vi (Lanjutan) Capital Charges Tahun 2008 WACC Invested Capital Capital Charges 1 BBCA 4.5% 243,799,041,000,000 10,905,552,136,910 2 BBKP 5.0% 32,346,580,000,000 1,630,279,513,334 3 BBNI 2.7% 195,387,787,000,000 5,286,089,631,225 4 BBNP 4.6% 3,663,264,759, ,109,508,084 5 BBRI 4.8% 240,155,690,000,000 11,419,798,621,835 6 BDMN 5.4% 103,727,969,000,000 5,550,286,916,910 7 BKSW 4.2% 2,137,548,882,535 88,783,514,285 8 BMRI 3.7% 353,869,503,000,000 13,101,271,553,754 9 BNBA 4.5% 2,020,718,490,259 91,006,980, BNGA 3.9% 100,909,597,000,000 3,894,206,560, BNLI 3.5% 49,610,595,000,000 1,733,146,641, BSWD 4.7% 1,348,004,652,287 63,119,531, BVIC 6.3% 5,572,145,463, ,187,395, MAYA 4.8% 5,475,792,847, ,654,023, MEGA 5.9% 34,583,540,000,000 2,048,292,968, NISP 3.8% 33,366,602,000,000 1,253,471,838, PNBN 5.0% 63,218,923,000,000 3,160,782,516, SDRA 6.3% 1,965,940,333, ,071,945,157 Capital Charges Tahun 2009 WACC Invested Capital Capital Charges 1 BBCA 4.6% 281,124,554,000,000 12,861,185,021,875 2 BBKP 5.1% 36,981,922,000,000 1,885,611,319,208 3 BBNI 3.7% 221,129,100,000,000 8,253,361,267,171 4 BBNP 5.4% 3,888,662,323, ,540,975,524 5 BBRI 5.1% 312,270,305,000,000 16,067,001,702,901 6 BDMN 5.9% 95,581,372,000,000 5,675,053,356,087 7 BKSW 3.7% 2,326,919,613,672 85,815,254,338 8 BMRI 4.5% 391,454,803,000,000 17,587,178,418,572 9 BNBA 4.0% 2,380,874,347,636 95,184,804, BNGA 5.0% 104,420,171,000,000 5,199,312,287, BNLI 4.5% 53,478,637,000,000 2,403,106,691, BSWD 6.4% 1,526,607,043,209 98,074,623, BVIC 5.7% 7,290,137,004, ,106,640, MAYA 5.3% 7,591,446,875, ,310,590, MEGA 6.0% 39,300,051,000,000 2,342,362,785, NISP 4.2% 36,018,094,000,000 1,518,006,016, PNBN 5.3% 76,560,408,000,000 4,067,435,075, SDRA 6.3% 2,388,808,982, ,618,541,187

12 Lampiran vii Perhitungan Economic Value Added (EVA) Tahun ( Dalam Rupiah ) EVA Tahun 2007 NOPAT Capital Charges EVA 1 BBCA 9,204,794,200,000 9,146,839,917,968 57,954,282,032 2 BBKP 1,702,665,390,000 1,689,625,700,093 13,039,689,907 3 BBNI 5,423,771,690,000 5,256,722,734, ,048,955,194 4 BBNP 185,989,965, ,220,248,279 1,769,717,421 5 BBRI 8,880,962,460,000 8,672,803,807, ,158,652,553 6 BDMN 5,675,690,220,000 5,458,699,231, ,990,988,680 7 BKSW 132,926,605, ,674,341,664 2,252,264,279 8 BMRI 12,058,447,590,000 11,935,047,254, ,400,335,966 9 BNBA 82,936,939,014 81,949,777, ,161, BNGA 4,421,907,360,000 4,331,608,171,492 90,299,188, BNLI 1,749,780,660,000 1,626,706,693, ,073,966, BSWD 56,099,080,040 55,805,484, ,595, BVIC 280,641,807, ,833,902,842 1,807,904, MAYA 231,078,596, ,778,686,980 1,299,909, MEGA 1,889,349,000,000 1,878,489,613,079 10,859,386, NISP 1,275,769,180,000 1,235,229,899,306 40,539,280, PNBN 2,483,989,250,000 2,455,600,039,188 28,389,210, SDRA 85,778,323,700 85,369,031, ,292,055

13 Lampiran vii (Lanjutan) EVA Tahun 2008 NOPAT Capital Charges EVA 1 BBCA 10,998,657,000,000 10,905,552,136,910 93,104,863,090 2 BBKP 1,644,695,230,000 1,630,279,513,334 14,415,716,666 3 BBNI 5,448,643,830,000 5,286,089,631, ,554,198,775 4 BBNP 170,693,236, ,109,508,084 1,583,728,616 5 BBRI 11,741,961,880,000 11,419,798,621, ,163,258,165 6 BDMN 5,703,503,640,000 5,550,286,916, ,216,723,090 7 BKSW 89,805,402,970 88,783,514,285 1,021,888,685 8 BMRI 13,279,330,020,000 13,101,271,553, ,058,466,246 9 BNBA 91,889,165,328 91,006,980, ,184, BNGA 3,980,210,220,000 3,894,206,560,297 86,003,659, BNLI 1,885,435,580,000 1,733,146,641, ,288,938, BSWD 63,780,543,471 63,119,531, ,011, BVIC 356,662,368, ,187,395,920 3,474,972, MAYA 265,368,561, ,654,023,144 1,714,538, MEGA 2,062,419,960,000 2,048,292,968,217 14,126,991, NISP 1,287,539,400,000 1,253,471,838,910 34,067,561, PNBN 3,177,650,100,000 3,160,782,516,305 16,867,583, SDRA 124,725,849, ,071,945, ,903,932 EVA Tahun 2009 NOPAT Capital Charges EVA 1 BBCA 12,919,182,939,409 12,861,185,021,875 57,997,917,534 2 BBKP 1,895,122,862,031 1,885,611,319,208 9,511,542,823 3 BBNI 8,489,878,974,948 8,253,361,267, ,517,707,777 4 BBNP 209,957,843, ,540,975, ,868,370 5 BBRI 16,307,629,554,057 16,067,001,702, ,627,851,156 6 BDMN 5,848,446,131,493 5,675,053,356, ,392,775,406 7 BKSW 86,584,697,578 85,815,254, ,443,240 8 BMRI 17,720,717,445,615 17,587,178,418, ,539,027,043 9 BNBA 96,076,803,816 95,184,804, ,999, BNGA 5,329,675,194,703 5,199,312,287, ,362,907, BNLI 2,513,839,350,145 2,403,106,691, ,732,658, BSWD 98,766,572,153 98,074,623, ,949, BVIC 417,009,272, ,106,640,413 3,902,631, MAYA 405,354,990, ,310,590,319 2,044,400, MEGA 2,365,283,997,696 2,342,362,785,740 22,921,211, NISP 1,561,605,776,715 1,518,006,016,546 43,599,760, PNBN 4,088,249,276,959 4,067,435,075,170 20,814,201, SDRA 151,557,174, ,618,541, ,633,221

14 Lampiran viii No Kode Saham yg Beredar Perhitungan Market Value Added (MVA) Harga Saham Tahun ( Dalam Rupiah ) MVA Tahun 2007 S x H Total Ekuitas Saham Biasa MVA 1 BBCA 12,210,000,000 7,300 89,133,000,000,000 1,540,938,000,000 87,592,062,000,000 2 BBKP 5,656,000, ,167,360,000, ,479,000,000 2,384,881,000,000 3 BBNI 15,121,000,000 1,970 29,788,370,000,000 7,789,288,000,000 21,999,082,000,000 4 BBNP 313,000,000 1, ,630,000, ,275,000, ,355,000,000 5 BBRI 12,199,000,000 7,400 90,272,600,000,000 6,158,900,000,000 84,113,700,000,000 6 BDMN 4,982,000,000 8,000 39,856,000,000,000 3,625,337,000,000 36,230,663,000,000 7 BKSW 497,000, ,500,000, ,304,750, ,195,250,000 8 BMRI 20,603,000,000 3,500 72,110,500,000,000 10,374,776,000,000 61,735,724,000,000 9 BNBA 2,287,000, ,490,000, ,000,000, ,490,000, BNGA 12,241,000, ,016,900,000, ,807,000,000 10,045,093,000, BNLI 7,666,000, ,822,740,000,000 1,300,534,000,000 5,522,206,000, BSWD 307,000, ,300,000,000 62,000,000, ,300,000, BVIC 2,312,000, ,424,000, ,499,712, ,924,288, MAYA 2,551,000, ,448,960,000, ,955,800,000 2,036,004,200, MEGA 1,609,000,000 3,150 5,068,350,000, ,722,000,000 4,255,628,000, NISP 5,756,000, ,180,400,000, ,822,000,000 4,453,578,000, PNBN 19,955,000, ,569,400,000,000 2,021,119,000,000 11,548,281,000, SDRA 1,485,000, ,780,000, ,000,000,000 69,780,000,000

15 Lampiran viii (Lanjutan) MVA Tahun 2008 Saham yg Harga Total Ekuitas S x H Beredar Saham Saham Biasa MVA 1 BBCA 24,408,000,000 3,250 79,326,000,000,000 1,540,938,000,000 77,785,062,000,000 2 BBKP 5,658,000, ,131,600,000, ,633,000, ,967,000,000 3 BBNI 15,121,000, ,282,280,000,000 7,789,288,000,000 2,492,992,000,000 4 BBNP 313,000,000 1, ,630,000, ,275,000, ,355,000,000 5 BBRI 12,207,000,000 4,575 55,847,025,000,000 6,162,650,000,000 49,684,375,000,000 6 BDMN 4,996,000,000 3,100 15,487,600,000,000 3,631,865,000,000 11,855,735,000,000 7 BKSW 497,000, ,990,000, ,304,750, ,685,250,000 8 BMRI 20,696,000,000 2,025 41,909,400,000,000 10,452,824,000,000 31,456,576,000,000 9 BNBA 2,287,000, ,220,000, ,000,000,000 (93,780,000,000) 10 BNGA 23,696,000, ,729,520,000,000 1,552,420,000,000 10,177,100,000, BNLI 7,666,000, ,756,340,000,000 1,300,534,000,000 2,455,806,000, BSWD 859,000, ,400,000, ,600,000, ,800,000, BVIC 3,467,000, ,431,000, ,249,568,000 (27,818,568,000) 14 MAYA 2,551,000,000 1,670 4,260,170,000, ,955,800,000 3,847,214,200, MEGA 1,609,000,000 3,500 5,631,500,000, ,722,000,000 4,818,778,000, NISP 5,756,000, ,029,200,000, ,822,000,000 3,302,378,000, PNBN 20,085,000, ,649,300,000,000 2,033,530,000,000 9,615,770,000, SDRA 1,485,000, ,250,000, ,000,000,000 (75,750,000,000) MVA Tahun 2009 Saham yg Harga Total Ekuitas S x H Beredar Saham Saham Biasa MVA 1 BBCA 118,378,800,000,00 116,837,862,000,00 24,408,000,000 4, ,540,938,000, BBKP 5,666,000, ,124,750,000, ,062,000,000 1,312,688,000,000 3 BBNI 15,121,000,000 1,980 29,939,580,000,000 7,789,288,000,000 22,150,292,000,000 4 BBNP 313,000,000 1, ,900,000, ,275,000, ,625,000,000 5 BBRI 12,212,000,000 7,650 93,421,800,000,000 6,164,926,000,000 87,256,874,000,000 6 BDMN 8,306,000,000 4,550 37,792,300,000,000 5,303,992,000,000 32,488,308,000,000 7 BKSW 620,000, ,800,000, ,630,937, ,169,062,500 8 BMRI 20,760,000,000 4,700 97,572,000,000,000 10,485,058,000,000 87,086,942,000,000 9 BNBA 2,287,000, ,171,000, ,000,000,000 73,171,000, BNGA 23,696,000, ,824,160,000,000 1,552,420,000,000 15,271,740,000, BNLI 7,666,000, ,132,800,000,000 1,300,534,000,000 4,832,266,000, BSWD 859,000, ,400,000, ,600,000, ,800,000, BVIC 3,812,000, ,056,000, ,674,018, ,381,982, MAYA 2,551,000,000 1,670 4,260,170,000, ,955,800,000 3,847,214,200, MEGA 3,149,000,000 2,300 7,242,700,000,000 1,590,612,000,000 5,652,088,000, NISP 5,756,000,000 1,000 5,756,000,000, ,822,000,000 5,029,178,000, PNBN 23,838,000, ,116,880,000,000 2,408,765,000,000 15,708,115,000, SDRA 1,485,000, ,800,000, ,795,600, ,004,400,000

16 Lampiran ix DAFTAR T TABEL Tingkat Signifikansi 5% Df Signifikansi 0,05 0, ,571 2, ,228 1, ,131 1, ,086 1, ,06 1, ,042 1, ,03 1, ,021 1, ,014 1, ,009 1, ,004 1, ,671

17 Lampiran x Tingkat Signifikansi 5% DAFTAR TABEL DURBIN-WATSON n k = 1 k = 2 k = 3 dl du dl du dl Du 6 0,61 1, ,879 1,32 0,697 1,641 0,525 2, ,077 1,361 0,946 1,534 0,814 1, ,201 1,411 1,1 1,537 0,998 1, ,288 1,454 1,206 1,55 1,123 1, ,352 1,489 1,284 1,567 1,214 1, ,402 1,519 1,343 1,584 1,283 1, ,442 1,544 1,391 1,6 1,338 1, ,475 1,566 1,43 1,615 1,383 1, ,503 1,585 1,462 1,628 1,421 1, ,509 1,588 1,468 1,631 1,427 1, ,549 1,616 1,514 1,652 1,48 1, ,567 1,629 1,536 1,662 1,503 1, ,583 1,641 1,554 1,672 1,525 1, ,598 1,652 1,571 1,68 1,543 1, ,611 1,662 1,586 1,688 1,56 1, ,624 1,671 1,6 1,696 1,575 1, ,635 1,679 1,612 1,703 1,589 1,726

18 Lampiran xi Hasil Uji Normalitas Sebelum Logaritma natural (Ln)

19 Lampiran xii Hasil Uji Normalitas Setelah Logaritma natural (Ln)

20 Lampiran xiii Hasil Uji Heterokedastisitas

21 Lampiran xiv Hasil Uji Autokorelasi Model Summary b Model Adjusted R Std. Error of R R Square Square the Estimate Durbin-Watson a a. Predictors: (Constant), Ln_EVA b. Dependent Variable: Ln_MVA

22 Lampiran xv Hasil Pengujian Hipotesis Uji t Coefficients a Model Standardized Unstandardized Coefficients Coefficients B Std. Error Beta t Sig. 1 (Constant) Ln_EVA a. Dependent Variable: Ln_MVA