Daftar Penentuan Sampel Penelitian

Lampiran i Daftar Penentuan Sampel Penelitian No Nama Perusahaan Kode Kriteria 1 2 3 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 10 20 PT. Bank Negara Indonesia (Persero) Tbk. BBNI v v v 11 21 PT. Bank NISP Tbk. NISP v v v 12 22 PT. Bank Nusantara Parahyangan Tbk. BBNP v v v 13 23 PT. Bank Pan Indonesia Tbk. PNBN v v v 14 24 PT. Bank Permata Tbk. BNLI v v v 15 25 PT. Bank Rakyat Indonesia (Persero) Tbk. BBRI v v v 16 26 PT. Bank Swadesi Tbk. BSWD v v v 17 27 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 18 30 PT. Bank Windu Kentjana Internasional Tbk. MCOR x v v -

Lampiran ii Perhitungan Tingkat Pajak Tahun 2007 2009 Tingkat Pajak Tahun 2007 Beban Pajak Laba Bersih Sebelum Pajak T 1 BBCA 1,912,378,000,000 6,401,630,000,000 29.9% 2 BBKP 168,350,000,000 543,611,000,000 31.0% 3 BBNI 579,396,000,000 1,481,140,000,000 39.1% 4 BBNP 13,907,950,000 45,756,964,000 30.4% 5 BBRI 2,942,073,000,000 7,780,074,000,000 37.8% 6 BDMN 1,043,549,000,000 3,313,525,000,000 31.5% 7 BKSW 958,611,714 7,217,134,473 13.3% 8 BMRI 1,985,892,000,000 6,333,383,000,000 31.4% 9 BNBA 9,043,953,872 29,845,598,137 30.3% 10 BNGA 573,496,000,000 2,084,023,000,000 27.5% 11 BNLI 227,886,000,000 736,798,000,000 30.9% 12 BSWD 3,874,567,275 12,361,051,455 31.3% 13 BVIC 8,422,120,000 57,976,213,000 14.5% 14 MAYA 18,202,268,000 58,946,718,000 30.9% 15 MEGA 225,301,000,000 746,020,000,000 30.2% 16 NISP 101,809,000,000 351,893,000,000 28.9% 17 PNBN 354,307,000,000 1,309,212,000,000 27.1% 18 SDRA 14,082,083,115 45,685,799,672 30.8%

Lampiran ii (Lanjutan) Tingkat Pajak Tahun 2008 Beban Pajak Laba Bersih Sebelum Pajak T 1 BBCA 1,943,904,000,000 7,720,043,000,000 25.2% 2 BBKP 181,995,000,000 550,837,000,000 33.0% 3 BBNI 706,480,000,000 1,932,385,000,000 36.6% 4 BBNP 12,338,070,000 40,702,604,000 30.3% 5 BBRI 2,863,644,000,000 8,822,012,000,000 32.5% 6 BDMN 875,833,000,000 2,677,837,000,000 32.7% 7 BKSW 1,665,762,117 4,778,839,475 34.9% 8 BMRI 2,753,244,000,000 8,068,560,000,000 34.1% 9 BNBA 13,952,028,081 41,573,289,221 33.6% 10 BNGA 401,131,000,000 1,084,203,000,000 37.0% 11 BNLI 293,478,000,000 754,737,000,000 38.9% 12 BSWD 10,976,001,498 30,197,391,628 36.3% 13 BVIC 9,523,789,000 44,786,384,000 21.3% 14 MAYA 19,186,238,000 60,151,419,000 31.9% 15 MEGA 173,160,000,000 674,841,000,000 25.7% 16 NISP 137,306,000,000 454,228,000,000 30.2% 17 PNBN 355,360,000,000 1,153,368,000,000 30.8% 18 SDRA 17,642,449,313 55,300,018,477 31.9% Tingkat Pajak Tahun 2009 Beban Pajak Laba Bersih Sebelum Pajak T 1 BBCA 2,137,850,000,000 8,945,092,000,000 23.9% 2 BBKP 158,096,000,000 520,333,000,000 30.4% 3 BBNI 957,230,000,000 3,443,949,000,000 27.8% 4 BBNP 11,736,462,000 41,135,787,000 28.5% 5 BBRI 2,582,936,000,000 9,891,228,000,000 26.1% 6 BDMN 756,838,000,000 2,370,560,000,000 31.9% 7 BKSW 2,399,387,607 6,387,726,982 37.6% 8 BMRI 3,625,586,000,000 10,824,074,000,000 33.5% 9 BNBA 12,944,818,475 41,158,495,200 31.5% 10 BNGA 590,259,000,000 2,165,587,000,000 27.3% 11 BNLI 280,545,000,000 766,622,000,000 36.6% 12 BSWD 13,690,471,899 50,640,718,622 27.0% 13 BVIC 16,363,677,000 62,604,172,000 26.1% 14 MAYA 18,597,979,000 59,696,948,000 31.2% 15 MEGA 103,289,000,000 640,749,000,000 16.1% 16 NISP 176,290,000,000 612,155,000,000 28.8% 17 PNBN 371,620,000,000 1,406,145,000,000 26.4% 18 SDRA 15,470,253,555 51,115,302,538 30.3%

Lampiran iii Perhitungan NOPAT Tahun 2007 2009 ( 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 13,149,706,000,000 70.1% 9,221,455,154,377 2 BBKP 543,611,000,000 1,924,020,000,000 2,467,631,000,000 69.0% 1,703,434,398,294 3 BBNI 1,481,140,000,000 7,410,289,000,000 8,891,429,000,000 60.9% 5,413,257,863,656 4 BBNP 45,756,964,000 219,942,987,000 265,699,951,000 69.6% 184,939,749,482 5 BBRI 7,780,074,000,000 6,544,059,000,000 14,324,133,000,000 62.2% 8,907,392,111,969 6 BDMN 3,313,525,000,000 4,912,113,000,000 8,225,638,000,000 68.5% 5,635,086,756,457 7 BKSW 7,217,134,473 145,572,067,760 152,789,202,233 86.7% 132,495,064,777 8 BMRI 6,333,383,000,000 11,142,628,000,000 17,476,011,000,000 68.6% 11,996,242,851,317 9 BNBA 29,845,598,137 88,635,743,311 118,481,341,448 69.7% 82,578,566,713 10 BNGA 2,084,023,000,000 4,057,515,000,000 6,141,538,000,000 72.5% 4,451,466,692,319 11 BNLI 736,798,000,000 1,799,116,000,000 2,535,914,000,000 69.1% 1,751,575,147,555 12 BSWD 12,361,051,455 68,941,963,096 81,303,014,551 68.7% 55,818,612,946 13 BVIC 57,976,213,000 272,190,619,000 330,166,832,000 85.5% 282,203,977,318 14 MAYA 58,946,718,000 275,949,799,000 334,896,517,000 69.1% 231,483,191,178 15 MEGA 746,020,000,000 1,953,050,000,000 2,699,070,000,000 69.8% 1,883,940,150,840 16 NISP 351,893,000,000 1,444,965,000,000 1,796,858,000,000 71.1% 1,276,994,529,792 17 PNBN 1,309,212,000,000 2,093,513,000,000 3,402,725,000,000 72.9% 2,481,858,641,782 18 SDRA 45,685,799,672 78,630,611,488 124,316,411,160 69.2% 85,997,413,855

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 14,664,876,000,000 74.8% 10,972,265,594,086 2 BBKP 550,837,000,000 1,903,932,000,000 2,454,769,000,000 67.0% 1,643,720,206,700 3 BBNI 1,932,385,000,000 6,716,256,000,000 8,648,641,000,000 63.4% 5,486,697,653,472 4 BBNP 40,702,604,000 203,144,877,000 243,847,481,000 69.7% 169,930,655,190 5 BBRI 8,822,012,000,000 8,445,579,000,000 17,267,591,000,000 67.5% 11,662,493,958,463 6 BDMN 2,677,837,000,000 5,834,855,000,000 8,512,692,000,000 67.3% 5,728,468,549,343 7 BKSW 4,778,839,475 133,383,318,940 138,162,158,415 65.1% 90,002,915,843 8 BMRI 8,068,560,000,000 12,051,637,000,000 20,120,197,000,000 65.9% 13,254,559,058,525 9 BNBA 41,573,289,221 97,652,718,851 139,226,008,072 66.4% 92,501,651,866 10 BNGA 1,084,203,000,000 5,233,591,000,000 6,317,794,000,000 63.0% 3,980,350,712,153 11 BNLI 754,737,000,000 2,336,141,000,000 3,090,878,000,000 61.1% 1,888,996,160,784 12 BSWD 30,197,391,628 69,459,707,546 99,657,099,174 63.7% 63,434,219,950 13 BVIC 44,786,384,000 406,684,969,000 451,471,353,000 78.7% 355,466,328,225 14 MAYA 60,151,419,000 330,096,466,000 390,247,885,000 68.1% 265,772,204,707 15 MEGA 674,841,000,000 2,112,213,000,000 2,787,054,000,000 74.3% 2,071,913,291,833 16 NISP 454,228,000,000 1,385,114,000,000 1,839,342,000,000 69.8% 1,283,337,762,806 17 PNBN 1,153,368,000,000 3,451,922,000,000 4,605,290,000,000 69.2% 3,186,370,926,122 18 SDRA 55,300,018,477 128,120,347,830 183,420,366,307 68.1% 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 16,976,520,000,000 76.1% 12,919,182,939,409 2 BBKP 520,333,000,000 2,201,904,000,000 2,722,237,000,000 69.6% 1,895,122,862,031 3 BBNI 3,443,949,000,000 8,313,998,000,000 11,757,947,000,000 72.2% 8,489,878,974,948 4 BBNP 41,135,787,000 252,639,024,000 293,774,811,000 71.5% 209,957,843,894 5 BBRI 9,891,228,000,000 12,179,932,000,000 22,071,160,000,000 73.9% 16,307,629,554,057 6 BDMN 2,370,560,000,000 6,220,816,000,000 8,591,376,000,000 68.1% 5,848,446,131,493 7 BKSW 6,387,726,982 132,286,381,950 138,674,108,932 62.4% 86,584,697,578 8 BMRI 10,824,074,000,000 15,821,849,000,000 26,645,923,000,000 66.5% 17,720,717,445,615 9 BNBA 41,158,495,200 98,999,652,468 140,158,147,668 68.5% 96,076,803,816 10 BNGA 2,165,587,000,000 5,161,062,000,000 7,326,649,000,000 72.7% 5,329,675,194,703 11 BNLI 766,622,000,000 3,198,109,000,000 3,964,731,000,000 63.4% 2,513,839,350,145 12 BSWD 50,640,718,622 84,719,952,367 135,360,670,989 73.0% 98,766,572,153 13 BVIC 62,604,172,000 501,977,159,000 564,581,331,000 73.9% 417,009,272,372 14 MAYA 59,696,948,000 529,088,036,000 588,784,984,000 68.8% 405,354,990,762 15 MEGA 640,749,000,000 2,179,095,000,000 2,819,844,000,000 83.9% 2,365,283,997,696 16 NISP 612,155,000,000 1,581,058,000,000 2,193,213,000,000 71.2% 1,561,605,776,715 17 PNBN 1,406,145,000,000 4,150,677,000,000 5,556,822,000,000 73.6% 4,088,249,276,959 18 SDRA 51,115,302,538 166,218,970,880 217,334,273,418 69.7% 151,557,174,408

Lampiran iv Perhitungan Invested Capital Tahun 2007 2009 ( 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 20,441,731,000,000 218,005,008,000,000 1,563,303,000,000 216,441,705,000,000 2 BBKP 32,476,453,000,000 1,964,793,000,000 34,441,246,000,000 267,165,000,000 34,174,081,000,000 3 BBNI 166,094,416,000,000 17,219,585,000,000 183,314,001,000,000 5,588,573,000,000 177,725,428,000,000 4 BBNP 3,461,175,647,000 311,662,008,000 3,772,837,655,000 32,261,595,000 3,740,576,060,000 5 BBRI 184,297,303,000,000 19,437,635,000,000 203,734,938,000,000 5,096,370,000,000 198,638,568,000,000 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 2,052,167,144,089 132,326,071,380 2,184,493,215,469 36,683,962,241 2,147,809,253,228 8 BMRI 289,835,512,000,000 29,243,732,000,000 319,079,244,000,000 2,673,783,000,000 316,405,461,000,000 9 BNBA 1,579,376,056,916 370,879,637,075 1,950,255,693,991 21,113,217,053 1,929,142,476,938 10 BNGA 84,661,444,000,000 9,081,875,000,000 93,743,319,000,000 2,122,149,000,000 91,621,170,000,000 11 BNLI 35,336,070,000,000 3,902,676,000,000 39,238,746,000,000 2,770,794,000,000 36,467,952,000,000 12 BSWD 1,043,090,917,542 124,653,427,807 1,167,744,345,349 5,227,774,163 1,162,516,571,186 13 BVIC 4,865,423,624,000 403,561,868,000 5,268,985,492,000 39,054,959,000 5,229,930,533,000 14 MAYA 3,533,225,670,000 941,651,927,000 4,474,877,597,000 26,543,883,000 4,448,333,714,000 15 MEGA 31,968,591,000,000 2,939,137,000,000 34,907,728,000,000 173,154,000,000 34,734,574,000,000 16 NISP 25,600,443,000,000 3,368,626,000,000 28,969,069,000,000 925,806,000,000 28,043,263,000,000 17 PNBN 45,150,760,000,000 7,500,147,000,000 52,650,907,000,000 584,558,000,000 52,066,349,000,000 18 SDRA 1,283,236,186,120 179,809,566,180 1,463,045,752,300 8,346,372,110 1,454,699,380,190

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 23,279,310,000,000 245,569,856,000,000 1,770,815,000,000 243,799,041,000,000 2 BBKP 30,465,096,000,000 2,163,167,000,000 32,628,263,000,000 281,683,000,000 32,346,580,000,000 3 BBNI 186,279,343,000,000 15,431,148,000,000 201,710,491,000,000 6,322,704,000,000 195,387,787,000,000 4 BBNP 3,354,787,741,000 340,026,543,000 3,694,814,284,000 31,549,525,000 3,663,264,759,000 5 BBRI 223,720,199,000,000 22,356,697,000,000 246,076,896,000,000 5,921,206,000,000 240,155,690,000,000 6 BDMN 96,159,098,000,000 10,579,068,000,000 106,738,166,000,000 3,010,197,000,000 103,727,969,000,000 7 BKSW 2,026,877,170,923 135,439,148,737 2,162,316,319,660 24,767,437,125 2,137,548,882,535 8 BMRI 327,896,740,000,000 30,513,869,000,000 358,410,609,000,000 4,541,106,000,000 353,869,503,000,000 9 BNBA 1,651,064,007,914 393,303,398,215 2,044,367,406,129 23,648,915,870 2,020,718,490,259 10 BNGA 93,836,346,000,000 9,302,467,000,000 103,138,813,000,000 2,229,216,000,000 100,909,597,000,000 11 BNLI 49,706,027,000,000 4,288,662,000,000 53,994,689,000,000 4,384,094,000,000 49,610,595,000,000 12 BSWD 1,077,207,449,641 282,672,874,037 1,359,880,323,678 11,875,671,391 1,348,004,652,287 13 BVIC 5,097,182,547,000 527,914,774,000 5,625,097,321,000 52,951,858,000 5,572,145,463,000 14 MAYA 4,562,349,231,000 950,344,782,000 5,512,694,013,000 36,901,166,000 5,475,792,847,000 15 MEGA 31,990,507,000,000 2,870,365,000,000 34,860,872,000,000 277,332,000,000 34,583,540,000,000 16 NISP 30,615,168,000,000 3,630,670,000,000 34,245,838,000,000 879,236,000,000 33,366,602,000,000 17 PNBN 55,664,960,000,000 7,935,016,000,000 63,599,976,000,000 381,053,000,000 63,218,923,000,000 18 SDRA 1,776,624,026,643 200,526,135,344 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 27,856,693,000,000 282,392,294,000,000 1,267,740,000,000 281,124,554,000,000 2 BBKP 34,631,954,000,000 2,536,515,000,000 37,168,469,000,000 186,547,000,000 36,981,922,000,000 3 BBNI 208,322,445,000,000 19,143,582,000,000 227,466,027,000,000 6,336,927,000,000 221,129,100,000,000 4 BBNP 3,526,972,701,000 369,425,867,000 3,896,398,568,000 7,736,245,000 3,888,662,323,000 5 BBRI 289,689,648,000,000 27,257,381,000,000 316,947,029,000,000 4,676,724,000,000 312,270,305,000,000 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 2,169,290,806,436 178,492,610,312 2,347,783,416,748 20,863,803,076 2,326,919,613,672 8 BMRI 359,318,341,000,000 35,108,769,000,000 394,427,110,000,000 2,972,307,000,000 391,454,803,000,000 9 BNBA 1,988,575,919,921 414,610,174,940 2,403,186,094,861 22,311,747,225 2,380,874,347,636 10 BNGA 95,827,902,000,000 11,210,407,000,000 107,038,309,000,000 2,618,138,000,000 104,420,171,000,000 11 BNLI 51,107,365,000,000 4,835,512,000,000 55,942,877,000,000 2,464,240,000,000 53,478,637,000,000 12 BSWD 1,234,899,142,899 302,478,620,760 1,537,377,763,659 10,770,720,450 1,526,607,043,209 13 BVIC 6,729,656,813,000 629,350,354,000 7,359,007,167,000 68,870,163,000 7,290,137,004,000 14 MAYA 6,636,407,319,000 993,520,959,000 7,629,928,278,000 38,481,403,000 7,591,446,875,000 15 MEGA 36,281,380,000,000 3,403,242,000,000 39,684,622,000,000 384,571,000,000 39,300,051,000,000 16 NISP 32,915,296,000,000 4,137,300,000,000 37,052,596,000,000 1,034,502,000,000 36,018,094,000,000 17 PNBN 66,210,409,000,000 10,741,780,000,000 76,952,189,000,000 391,781,000,000 76,560,408,000,000 18 SDRA 2,150,071,128,291 253,624,570,351 2,403,695,698,642 14,886,716,150 2,388,808,982,492

Lampiran v Perhitungan Weight Average Cost of Capital (WACC) Tahun 2007 2009 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%

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%

Lampiran vi Perhitungan Capital Charges Tahun 2007 2009 ( 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% 3,740,576,060,000 184,220,248,279 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% 2,147,809,253,228 130,674,341,664 8 BMRI 3.8% 316,405,461,000,000 11,935,047,254,034 9 BNBA 4.2% 1,929,142,476,938 81,949,777,258 10 BNGA 4.7% 91,621,170,000,000 4,331,608,171,492 11 BNLI 4.5% 36,467,952,000,000 1,626,706,693,945 12 BSWD 4.8% 1,162,516,571,186 55,805,484,470 13 BVIC 5.3% 5,229,930,533,000 278,833,902,842 14 MAYA 5.2% 4,448,333,714,000 229,778,686,980 15 MEGA 5.4% 34,734,574,000,000 1,878,489,613,079 16 NISP 4.4% 28,043,263,000,000 1,235,229,899,306 17 PNBN 4.7% 52,066,349,000,000 2,455,600,039,188 18 SDRA 5.9% 1,454,699,380,190 85,369,031,645

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% 3,663,264,759,000 169,109,508,084 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 91,006,980,738 10 BNGA 3.9% 100,909,597,000,000 3,894,206,560,297 11 BNLI 3.5% 49,610,595,000,000 1,733,146,641,470 12 BSWD 4.7% 1,348,004,652,287 63,119,531,573 13 BVIC 6.3% 5,572,145,463,000 353,187,395,920 14 MAYA 4.8% 5,475,792,847,000 263,654,023,144 15 MEGA 5.9% 34,583,540,000,000 2,048,292,968,217 16 NISP 3.8% 33,366,602,000,000 1,253,471,838,910 17 PNBN 5.0% 63,218,923,000,000 3,160,782,516,305 18 SDRA 6.3% 1,965,940,333,759 124,071,945,157 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% 3,888,662,323,000 209,540,975,524 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 95,184,804,080 10 BNGA 5.0% 104,420,171,000,000 5,199,312,287,392 11 BNLI 4.5% 53,478,637,000,000 2,403,106,691,898 12 BSWD 6.4% 1,526,607,043,209 98,074,623,066 13 BVIC 5.7% 7,290,137,004,000 413,106,640,413 14 MAYA 5.3% 7,591,446,875,000 403,310,590,319 15 MEGA 6.0% 39,300,051,000,000 2,342,362,785,740 16 NISP 4.2% 36,018,094,000,000 1,518,006,016,546 17 PNBN 5.3% 76,560,408,000,000 4,067,435,075,170 18 SDRA 6.3% 2,388,808,982,492 150,618,541,187

Lampiran vii Perhitungan Economic Value Added (EVA) Tahun 2007 2009 ( 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 5,256,722,734,806 167,048,955,194 4 BBNP 185,989,965,700 184,220,248,279 1,769,717,421 5 BBRI 8,880,962,460,000 8,672,803,807,447 208,158,652,553 6 BDMN 5,675,690,220,000 5,458,699,231,320 216,990,988,680 7 BKSW 132,926,605,943 130,674,341,664 2,252,264,279 8 BMRI 12,058,447,590,000 11,935,047,254,034 123,400,335,966 9 BNBA 82,936,939,014 81,949,777,258 987,161,755 10 BNGA 4,421,907,360,000 4,331,608,171,492 90,299,188,508 11 BNLI 1,749,780,660,000 1,626,706,693,945 123,073,966,055 12 BSWD 56,099,080,040 55,805,484,470 293,595,570 13 BVIC 280,641,807,200 278,833,902,842 1,807,904,358 14 MAYA 231,078,596,730 229,778,686,980 1,299,909,750 15 MEGA 1,889,349,000,000 1,878,489,613,079 10,859,386,921 16 NISP 1,275,769,180,000 1,235,229,899,306 40,539,280,694 17 PNBN 2,483,989,250,000 2,455,600,039,188 28,389,210,812 18 SDRA 85,778,323,700 85,369,031,645 409,292,055

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 5,286,089,631,225 162,554,198,775 4 BBNP 170,693,236,700 169,109,508,084 1,583,728,616 5 BBRI 11,741,961,880,000 11,419,798,621,835 322,163,258,165 6 BDMN 5,703,503,640,000 5,550,286,916,910 153,216,723,090 7 BKSW 89,805,402,970 88,783,514,285 1,021,888,685 8 BMRI 13,279,330,020,000 13,101,271,553,754 178,058,466,246 9 BNBA 91,889,165,328 91,006,980,738 882,184,590 10 BNGA 3,980,210,220,000 3,894,206,560,297 86,003,659,703 11 BNLI 1,885,435,580,000 1,733,146,641,470 152,288,938,530 12 BSWD 63,780,543,471 63,119,531,573 661,011,898 13 BVIC 356,662,368,870 353,187,395,920 3,474,972,950 14 MAYA 265,368,561,800 263,654,023,144 1,714,538,656 15 MEGA 2,062,419,960,000 2,048,292,968,217 14,126,991,783 16 NISP 1,287,539,400,000 1,253,471,838,910 34,067,561,090 17 PNBN 3,177,650,100,000 3,160,782,516,305 16,867,583,695 18 SDRA 124,725,849,089 124,071,945,157 653,903,932 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 8,253,361,267,171 236,517,707,777 4 BBNP 209,957,843,894 209,540,975,524 416,868,370 5 BBRI 16,307,629,554,057 16,067,001,702,901 240,627,851,156 6 BDMN 5,848,446,131,493 5,675,053,356,087 173,392,775,406 7 BKSW 86,584,697,578 85,815,254,338 769,443,240 8 BMRI 17,720,717,445,615 17,587,178,418,572 133,539,027,043 9 BNBA 96,076,803,816 95,184,804,080 891,999,735 10 BNGA 5,329,675,194,703 5,199,312,287,392 130,362,907,311 11 BNLI 2,513,839,350,145 2,403,106,691,898 110,732,658,247 12 BSWD 98,766,572,153 98,074,623,066 691,949,086 13 BVIC 417,009,272,372 413,106,640,413 3,902,631,960 14 MAYA 405,354,990,762 403,310,590,319 2,044,400,444 15 MEGA 2,365,283,997,696 2,342,362,785,740 22,921,211,957 16 NISP 1,561,605,776,715 1,518,006,016,546 43,599,760,169 17 PNBN 4,088,249,276,959 4,067,435,075,170 20,814,201,789 18 SDRA 151,557,174,408 150,618,541,187 938,633,221

Lampiran viii No Kode Saham yg Beredar Perhitungan Market Value Added (MVA) Harga Saham Tahun 2007 2009 ( 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 5,656,000,000 560 3,167,360,000,000 782,479,000,000 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 1,510 472,630,000,000 158,275,000,000 314,355,000,000 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 497,000,000 500 248,500,000,000 125,304,750,000 123,195,250,000 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 2,287,000,000 270 617,490,000,000 231,000,000,000 386,490,000,000 10 BNGA 12,241,000,000 900 11,016,900,000,000 971,807,000,000 10,045,093,000,000 11 BNLI 7,666,000,000 890 6,822,740,000,000 1,300,534,000,000 5,522,206,000,000 12 BSWD 307,000,000 900 276,300,000,000 62,000,000,000 214,300,000,000 13 BVIC 2,312,000,000 152 351,424,000,000 233,499,712,000 117,924,288,000 14 MAYA 2,551,000,000 960 2,448,960,000,000 412,955,800,000 2,036,004,200,000 15 MEGA 1,609,000,000 3,150 5,068,350,000,000 812,722,000,000 4,255,628,000,000 16 NISP 5,756,000,000 900 5,180,400,000,000 726,822,000,000 4,453,578,000,000 17 PNBN 19,955,000,000 680 13,569,400,000,000 2,021,119,000,000 11,548,281,000,000 18 SDRA 1,485,000,000 148 219,780,000,000 150,000,000,000 69,780,000,000

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 5,658,000,000 200 1,131,600,000,000 782,633,000,000 348,967,000,000 3 BBNI 15,121,000,000 680 10,282,280,000,000 7,789,288,000,000 2,492,992,000,000 4 BBNP 313,000,000 1,510 472,630,000,000 158,275,000,000 314,355,000,000 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 497,000,000 670 332,990,000,000 125,304,750,000 207,685,250,000 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 2,287,000,000 60 137,220,000,000 231,000,000,000 (93,780,000,000) 10 BNGA 23,696,000,000 495 11,729,520,000,000 1,552,420,000,000 10,177,100,000,000 11 BNLI 7,666,000,000 490 3,756,340,000,000 1,300,534,000,000 2,455,806,000,000 12 BSWD 859,000,000 600 515,400,000,000 173,600,000,000 341,800,000,000 13 BVIC 3,467,000,000 93 322,431,000,000 350,249,568,000 (27,818,568,000) 14 MAYA 2,551,000,000 1,670 4,260,170,000,000 412,955,800,000 3,847,214,200,000 15 MEGA 1,609,000,000 3,500 5,631,500,000,000 812,722,000,000 4,818,778,000,000 16 NISP 5,756,000,000 700 4,029,200,000,000 726,822,000,000 3,302,378,000,000 17 PNBN 20,085,000,000 580 11,649,300,000,000 2,033,530,000,000 9,615,770,000,000 18 SDRA 1,485,000,000 50 74,250,000,000 150,000,000,000 (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 4,850 0 1,540,938,000,000 0 2 BBKP 5,666,000,000 375 2,124,750,000,000 812,062,000,000 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 1,300 406,900,000,000 158,275,000,000 248,625,000,000 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 620,000,000 740 458,800,000,000 156,630,937,500 302,169,062,500 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 2,287,000,000 133 304,171,000,000 231,000,000,000 73,171,000,000 10 BNGA 23,696,000,000 710 16,824,160,000,000 1,552,420,000,000 15,271,740,000,000 11 BNLI 7,666,000,000 800 6,132,800,000,000 1,300,534,000,000 4,832,266,000,000 12 BSWD 859,000,000 600 515,400,000,000 173,600,000,000 341,800,000,000 13 BVIC 3,812,000,000 138 526,056,000,000 384,674,018,000 141,381,982,000 14 MAYA 2,551,000,000 1,670 4,260,170,000,000 412,955,800,000 3,847,214,200,000 15 MEGA 3,149,000,000 2,300 7,242,700,000,000 1,590,612,000,000 5,652,088,000,000 16 NISP 5,756,000,000 1,000 5,756,000,000,000 726,822,000,000 5,029,178,000,000 17 PNBN 23,838,000,000 760 18,116,880,000,000 2,408,765,000,000 15,708,115,000,000 18 SDRA 1,485,000,000 280 415,800,000,000 163,795,600,000 252,004,400,000

Lampiran ix DAFTAR T TABEL Tingkat Signifikansi 5% Df Signifikansi 0,05 0,025 5 2,571 2,015 10 2,228 1,812 15 2,131 1,753 20 2,086 1,725 25 2,06 1,708 30 2,042 1,697 35 2,03 1,69 40 2,021 1,684 45 2,014 1,679 50 2,009 1,676 55 2,004 1,673 60 2 1,671

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 1,4 - - - - 10 0,879 1,32 0,697 1,641 0,525 2,016 15 1,077 1,361 0,946 1,534 0,814 1,75 20 1,201 1,411 1,1 1,537 0,998 1,676 25 1,288 1,454 1,206 1,55 1,123 1,654 30 1,352 1,489 1,284 1,567 1,214 1,65 35 1,402 1,519 1,343 1,584 1,283 1,653 40 1,442 1,544 1,391 1,6 1,338 1,659 45 1,475 1,566 1,43 1,615 1,383 1,666 50 1,503 1,585 1,462 1,628 1,421 1,674 51 1,509 1,588 1,468 1,631 1,427 1,675 60 1,549 1,616 1,514 1,652 1,48 1,689 65 1,567 1,629 1,536 1,662 1,503 1,696 70 1,583 1,641 1,554 1,672 1,525 1,703 75 1,598 1,652 1,571 1,68 1,543 1,709 80 1,611 1,662 1,586 1,688 1,56 1,715 85 1,624 1,671 1,6 1,696 1,575 1,721 90 1,635 1,679 1,612 1,703 1,589 1,726

Lampiran xi Hasil Uji Normalitas Sebelum Logaritma natural (Ln)

Lampiran xii Hasil Uji Normalitas Setelah Logaritma natural (Ln)

Lampiran xiii Hasil Uji Heterokedastisitas

Lampiran xiv Hasil Uji Autokorelasi Model Summary b Model Adjusted R Std. Error of R R Square Square the Estimate Durbin-Watson 1.854 a.729.724 1.16320 2.218 a. Predictors: (Constant), Ln_EVA b. Dependent Variable: Ln_MVA

Lampiran xv Hasil Pengujian Hipotesis Uji t Coefficients a Model Standardized Unstandardized Coefficients Coefficients B Std. Error Beta t Sig. 1 (Constant) 8.850 1.748 5.062.000 Ln_EVA.852.074.854 11.494.000 a. Dependent Variable: Ln_MVA