Horizontal Analysis

Condensed Balance Sheet

PT XL AXIATA Tbk
Condensed Balance Sheet (in millions of Rupiah)
31 Desember

Increase or (Decre
2011
2010

2011

Amount

Assets
Current asset

2,228,017

3,387,237

1,159,220

25,023,264

27,783,417

2,760,153

27,251,281

31,170,654

3,919,373

Long-term liabilities

10,973,174

8,749,930

-2,223,244

Short-term liabilities

4,563,033

8,728,212

4,165,179

Total liabilities

15,536,207

17,478,142

1,941,935

850,800

851857

1,057

Additional paid-in capital

5,356,332

5,414,099

57,767

Retained earnings

5,507,942

7,426,556

1,918,614

Total stockholder's equity

11,715,074

13,692,512

1,977,438

Total liabilities & stockhorder's equity

27,251,281

31,170,654

3,919,373

Plant asset
Total assets
Liabilities

Stockholer's Equity
Common stock, Rp. 100 par

Horizontal Analysis
Condensed Balance Sheet
PT XL AXIATA Tbk
Condensed Balance Sheet (in millions of Rupiah)
31 Desember

Increase or (Dec

2012
2011

2012

Amount

Assets
Current asset

3,387,237

3,658,985

271,748

27,783,417

31,796,720

4,013,303

31,170,654

35,455,705

4,285,051

Long-term liabilities

8,749,930

11,345,673

2,595,743

Short-term liabilities

8,728,212

8,739,996

11,784

Total liabilities

17,478,142

20,085,669

2,607,527

851857

852,628

771

Additional paid-in capital

5,414,099

5,454,351

40,252

Retained earnings

7,426,556

9,063,057

1,636,501

Total stockholder's equity

13,692,512

15,370,036

1,677,524

Total liabilities & stockhorder's equity

31,170,654

35,455,705

4,285,051

Plant asset
Total assets
Liabilities

Stockholer's Equity
Common stock, Rp. 100 par

Horizontal Analysis
Condensed Income Statement
PT XL AXIATA Tbk
Condensed Income Statement (in millions of Rupiah)
For The Year Ended 31 December, 2011

Increase or (Decrease)
2011
2010

2011

Net Sales

17,057,760

18,260,144

1,202,384

Operating expenses

12,072,835

13,816,781

1,743,946

4,984,925

4,443,363

-541,562

111,660

176,066

64,406

Finance cost

1,228,604

754,786

-473,818

Income before income tax

3,867,981

3,864,643

-3,338

976,720

1,034,542

57,822

2,891,261

2,830,101

-61,160

Income from operation

Amount

Other revenues and gains

Finance income
Other exppenses and loses

Income tax expenses

Net income

Pe

Horizontal Analysis
Condensed Income Statement
PT XL AXIATA Tbk
Condensed Income Statement (in millions of Rupiah)
For The Year Ended 31 December, 2012

Increase or (Decrease)
2011
2011

2012

Net Sales

18,260,144

20,969,806

2,709,662

Operating expenses

13,816,781

16,617,343

2,800,562

4,443,363

4,352,463

-90,900

176,066

181,292

5,226

754,786

782,334

27,548

Income before income tax

3,864,643

3,751,421

-113,222

Income tax expenses

1,034,542

986,774

-47,768

Net income

2,830,101

2,764,647

-65,454

Income from operation

Amount

Other revenues and gains

Finance income
Other exppenses and loses
Finance cost

Vertical Analysis
Condensed Balance Sheet
PT XL AXIATA Tbk
Condensed Balance Sheet (Rp Miliar)
31 Desember
2012
Amount

2011
Percent

Amount

Assets
Current Assets

3659

10.32%

3387

Plant Assets

31797

89.68%

27783

Total Assets

35456

100%

31170

8740

24.65%

8728

Long-term Liabilities

11346

32.00%

8750

Total Liabilities

20086

57%

17478

Share Capital and additional paid in capital

6307

17.79%

6266

Retained Earning

9063

25.56%

7427

Total Equity

15370

43%

13693

Total Liabilities and Stockholders'Equity

35456

100%

31170

Liabilities
Current Liabilities

Stockholders' Equity

Vertical Analysis
Condensed Income Statement
PT XL AXIATA Tbk
Condensed Income Statement (Rp Miliar)
For the year ended December 31
2012
Amount

2011
Percent

Amount

Percent

Net Sales

20969806

100%

18260144

100

Operating Expense

16617343

79.24%

13816781

75.67

4352463

20.76%

4443363

24.33

181292

0.86%

176066

0.96

782334

3.73%

754786

4.13

3751421

17.89%

3864643

21.16

986774

4.70%

1034542

5.66

2764647

13.19%

2830101

15.50

Income from operation

Other Revenues and Gains
Finance Income
Other Expenses and Losses
Finance Cost
Income Before Income Tax
Income Tax Expenses
Net Income

Solvency Ratio
Th 2012
Debt to Total Assets Ratio

= Total Debt/Total Asset * 100%

= 20086/35456 * 100%
= 57%

Th 2011
Debt to Total Assets Ratio

= Total Debt/Total Asset * 100%

= 17478/31170 * 100%
= 56%

Th 2010
Debt to Total Assets Ratio

= Total Debt/Total Asset * 100%

= 15536/27251 * 100%
= 57%

Profitability Ratio
Th 2012
Profit Margin = Net Income/Net Sales * 100%
= 2764647/ 20969806 * 100%
= 13.9%
Assets Turnover

= Net Sales/Average Assets

= 20969806/ ((35456+31170)/2)
= 20969806/33313
= 629.48

Return on Assets

= Net Income/Average Assets

= 2764647/33313
= 82.99

Th 2011
Profit Margin = Net Income/Net Sales * 100%
= 2830101/ 18260144 * 100%
= 15.5%
Assets Turnover

= Net Sales/Average Assets

= 18260144/ ((27251+31171)/2)

= 18260144/29211
= 625.11
Return on Assets = Net

Income/Average Assets
= 2830101/29211
= 96.88

Th 2010
Profit Margin = Net Income/Net Sales * 100%
= 2891261/17057760 * 100%
= 16.95%
Liquidity Ratio
a.

Current Ratio

= Current Assets / Current Liabilities

Tahun 2010

= 2228017/4563033
=0,48827545

Tahun 2011

= 3387237/8728212
= 0.388079139

Tahun 2012

= 3658985/8739996
=0.418648361

b.

Receivable Turnover

= Net Credit sales/ Average Net Receivable (angka dalam miliar

rupiah)

Tahun 2011

= 18260 / 602
= 30,33

Tahun 2012

= 20970 / 599
= 35

c.

Average Collection Period

= 365 hari/Receivable Turnover

Tahun 2011

= 365 hari/30

= 12 hari

Tahun 2012

= 365 hari/35
= 10 hari