MENTORING AKUNTANSI KEUANGAN 2

Intermediate Accounting 2_David Wirawan

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AKUNTANSI KEUANGAN 2

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Problem 1 Pada tanggal 1 Agustus 2006, PT Rahman menerbitkan obligasi 2000 lembar, 9% semiannual, senilai Rp 700,000,000 yang akan jatuh tempo 5 tahun mendatang, kepada PT Adiwira. Pembayaran bunga dilakukan setiap tanggal 1 Agustus dan 1 Februari. Tingkat bunga yang berlaku di pasar saat itu adalah 10%, sehingga obligasi tersebut dijual dengan harga 96. Diskon/Premium diamortisasi dengan menggunakan effective interest method. Buatlah jurnal untuk PT Rahman dan PT Adiwira untuk transaksi-transaksi di bawah ini:    

Penerbitan obligasi pada tanggal 1 Agustus 2006 Jurnal penyesuaian tanggal 31 Desember 2006 Membayar bunga pada tanggal 1 Februari 2007 Jurnal retirement of bonds sebanyak 200 lembar pada tanggal 1 November 2007, dengan harga 97

Problem 2 How will the following Financial Assets and Liabilities be classified? 1

Shares purchased with intention to sell in the short term at a profit

…………

2

10% strategic equity holding in a listed company

…………

3

Unquoted purchased loans

…………

4

Interest rate swap

…………

5

Fixed term deposit with bank

…………

6

Bank loan Excess funds invested in fixed interest corporate bonds (quoted) with maturity. May need to sell before maturity if fund are required for an acquisition

…………

7

…………

Problem 3 Berikut adalah bagian kewajiban dan ekuitas dari neraca PT Anfield per 31 Desember 2004. Long Term Liabilities 10% Convertible Bonds, par Rp 1,000,000

1,000,000,000

Equity 8% Convertible Cumulative Preference share, par Rp 10,000 Share Premium - Preference Share Ordinary Share, par Rp 5,000

100,000,000 20,000,000 3,000,000,000

Share Premium - Ordinary Share

450,000,000

Share Premium - Share Warrant

50,000,000

Retained Earnings

1,250,000,000

Total Equity

4,870,000,000

Berikut informasi terkait selama tahun 2005: 1. Obligasi konversi dijual pada tanggal 2 Januari 2003 seharga nilai par. Bunga dibayar tiap tanggal 2 Januari dan 2 Juli. Obligasi jatuh tempo tanggal 2 Januari 2013. Tiap lembar obligasi dapat ditukarkan dengan 150 lembar saham. Hingga akhir tahun 2005 belum ada obligasi yang ditukar dengan saham. 2. Saham preferen dijual pada tanggal 3 April 2000. Pada tahun 2004 yang lalu, PT Anfield tidak mengumumkan dividen atas kedua jenis saham. Sedangkan tahun 2005


ini, PT Anfield mengumumkan dividen untuk kedua jenis saham senilai Rp 100,000,000. Satu lembar saham preferen dapat ditukarkan dengan 2 lembar saham biasa. Hingga akhir tahun 2005 belum ada saham preferen yang ditukarkan. 3. Waran dijual secara terpisah pada tanggal 2 Juli 2004 pada harga Rp 500 per lembar. Setiap pemegang 1 lembar waran memiliki hak untuk membeli 1 lembar saham biasa pada harga Rp 7,000. Pada tanggal 2 Oktober 2005, 10,000 lembar waran dieksekusi oleh pemegangnya. Rata-rata harga saham PT Anfield tahun 2005 adalah Rp 8,000. 4. Laba tahun 2005 adalah Rp 280,000,000 dengan tarif pajak efektif 30%. Pertanyaan: a. Hitung jumlah rata-rata tertimbang saham beredar tahun 2005. Jumlah saham beredar awal tahun 2005 ada pada neraca di atas! b. Buat jurnal eksekusi (exercise) waran tanggal 2 Oktober 2005! c. Hitung Basic EPS tahun 2005! d. Hitung Diluted EPS tahun 2005! Problem 4 The following are financial information of PT Terbuka Jaya for the year ended December 31, 2007. PT TERBUKA JAYA INCOME STATEMENT For the year ended December 31, 2007 (in thousands of rupiah) Sales

5,800,000

COGS

(3,740,000)

Gross Margin

2,060,000

Operating Expenses Selling Expenses

396,000

Administrative Expenses

783,500

Depreciation/ Amortization Expenses

202,500

Total Operating Expenses

(1,382,000)

Income from Operations

678,000

Other Revenues/Expenses Gain on Sale of Land

40,000

Gain on Sale of Short Term Investment

20,000

Dividend Revenues

12,000

Interest Expense Income before Tax Income Tax Expense Net income Dividend to Common Stockholders

(258,750)

(186,750) 491,250 (197,000) 294,250 (121,500)


Retained Earnings

172,750

PT TERBUKA JAYA COMPARATIVE STATEMENT OF FINANCIAL POSITION As of December 31, 2007 and 2006 (in thousands of Rupiah) 2007

2006

Cash

75,000

20,000

Accounts Receivable

87,500

64,750

Short-term Investment

100,000

150,000

Inventory

210,000

175,000

Prepaid Rent

15,000

60,000

Prepaid Insurance

10,500

4,500

Office Supplies

5,000

3,750

625,000

875,000

Building

1,750,000

1,750,000

Accumulated Depreciation – Building

(525,000)

(437,500)

Equipment

2,625,000

2,000,000

Accumulated Depreciation – Equipment

(650,000)

(560,000)

225,000

250,000

4,553,000

4,355,500

Land

Patent Total Asset

PT TERBUKA JAYA COMPARATIVE STATEMENT OF FINANCIAL POSITION As of December 31, 2007 and 2006 (in thousands of Rupiah) 2007 Accounts Payable

2006

135,000

160,000

Taxable Payable

25,000

20,000

Wages Payable

25,000

15,000

Short-term Notes Payable

50,000

50,000

300,000

350,000

Bonds Payable

2,101,515

2,129,265

Ordinary Share

1,200,000

1,100,000

100,000

87,500

Long-term Notes Payable

Share Premium – Ordinary Retained Earnings Total Liabilities and Equities

616,485

443,735

4,553,000

4,355,500

Required: Prepare a Statement of Cash Flows for PT Terbuka Jaya using the direct method in calculating cash flow from operation. Assume that the short-term investments are availablefor-sale securities.


JAWABAN Problem 1 PT Rahman 

PT Adiwira

Penerbitan Obligasi 1 Agustus 2006 Cash Rp 672.000.000 Bonds Payable Rp 672.000.000

Debt Investment Cash

Rp 672.000.000 Rp 672.000.000

*Rp 672.000.000 = Rp 700.000.000x0,96

Date 1 Agst 2006 1 Feb 2007 1 Agst 2007 1 Feb 2008 

Cash Paid/Receipt (700.000.000x9%x6/12) 31.500.000 31.500.000 31.500.000

Tabel Amortisasi Interest expense/revenue (CAx10%x6/12) 33.600.000 33.705.000 33.815.250

Jurnal Penyesuaian 31 Des 2006 Interest Expense Rp 26.250.000 Interest Payable Rp 26.250.000 Interest Expense Rp 1.750.000 Bonds Payable Rp 1.750.000

Discount Amortizaion (interest-cash paid) 2.100.000 2.205.000 2.315.250

Carrying Amount 672.000.000 674.100.000 676.305.000 678.620.250

Interest Receivable Interest Revenue Debt Investment Interest Revenue

Rp 26.250.000 Rp 26.250.000 Rp 1.750.000 Rp 1.750.000

Jurnal Pembalik 1 Jan 2007 Interest Payable Rp 26.250.000 Interest Expense Rp 26.250.000

Interest Revenue Interest Receivable

Rp 26.250.000 Rp 26.250.000

Pembayaran Bunga 1 Februari 2007 Interest Expense Rp 31.500.000 Cash Rp 31.500.000

Cash Interest Revenue

Rp 31.500.000 Rp 31.500.000

Retirement of Bonds Interest Expense Cash Interest Expense Bonds Payable

Cash Interest Expense Debt Investment Interest Revenue

Rp 1.575.000 Rp 1.575.000 Rp 371.262,5 Rp 371.262,5

*Rp 26.250.000 = Rp 31.500.000x5/6 *Rp 1.750.000 = Rp 2.100.000x5/6





Rp 1.575.000 Rp 1.575.000 Rp 371.262,5 Rp 371.262,5

*Rp 1.575.000 = Rp 31.500.000x(3/6)x(200/2000) *Rp 371.262,5 = Rp 3.712.625x(200/2000)


Amortisasi 1 Jan 2007 – 1 November 2007 = (1/6xRp 2.100.000) + Rp 2.205.000 + (3/6XRp 2.315.250) = Rp 3.712.625 PT Rahman Bonds Payable Rp 67.746.262,5 Loss on RedemptionRp 153.737,5 Cash Rp 67.900.000

PT Adiwira Cash Rp 67.900.000 Gain on Redemption Rp 153.737,5 Debt Investment Rp 67.746.262,5


*Rp 67.746.262,5 = (Rp 672.000.000 + Rp 1.750.000 + Rp 3.712.625) x (200/2000) *Rp 67.900.000 = Rp 700.000.000 x 0,97 Problem 2 1. 2. 3. 4. 5. 6. 7.

Financial Assets  FVTPL  Held for Trading Financial Assets  AFS Financial Assets  FVTPL Financial Assets  FVTPL Financial Assets  Loan and Receivable Financial Liabilities  Amortized Cost Financial Assets  AFS

Problem 3 a. Jumlah rata-rata tertimbang saham beredar di tahun 2005 Date Share Outstanding Fraction 1 Jan – 1 Okt 600.000 9/12 2 Okt – 31 Des 610.000 3/12

WAOS 450.000 152.500 602.500

b. Jurnal eksekusi (exercise) waran, 2 Oktober 2005 Cash Rp 70.000.000 (Rp 7.000 x 10.000) Share Premium – Share Warrant Rp 5.000.000 (Rp 500 x 10.000) Share Capital – Ordinary Rp 50.000.000 (Rp 5.000 x 10.000) Share Premium – Ordinary Rp 25.000.000

c. Basic EPS tahun 2005 .

Basic EPS =

.

( %

.

.

.

)

= 451,45

d. Diluted EPS tahun 2005  Convertible Bonds Effect Liability Component : Liability Component x Market Rate x (1 – Tax) Effect =

(

%

.

.

.

)

(

. )

= 466,7




Convertible P/S Effect =

%

.

.

.

= 400

Shares Issued : 90.000 T/S purchased

.

=

.

Shares outstanding = 11.250 

.

Warrant Effect =

.

Diluted EPS =

(

.

.

Problem 4

.

.

.

.

)

.

.

.

= 441,81 (Diluted

PT Terbuka Jaya Statement of Cash Flows For The Year Ended December 31, 2007 Cash Flow from Operating Activities a. Cash receipt from customer Revenue from sales Increase in A/R

5800000 -22750 5777250

b. Cash payment to supplier Beginning Inventory Purchase Goods AFS COGS Ending Inventory

-175000 -3775000 -3950000 3740000 -210000 -3800000

c. Cash payment for operating expense Selling expense Administration expense Prepaid rent Prepaid insurance Office supplies Wages payable

-396000 -783500 -1179500 45000 -6000 -1250 10000 -1131750


d. Cash payment for interest expense Interest expense Amortization of premium B/P e. Cash receipt from dividend f. Cash payment for income taxes expense Income taxes expense Increase in income taxes payable

-258750 -27750 -286500 12000 -197000 5000 -192000

Provided by Operating Activities

379000

Cash Flow from Investing Activities Add: Sales of Short term investment Sale of land Deduct: Purchase of Equipment Net cash used by investing activities Cash Flow from Financing Activities Add: Issuing ordinary shares Deduct: Payment of Long Term N/P Payment of dividend Net cash used by financing activities Total Cash Flow Net increase of cash

55.000

Cash balance, beginning

20.000

Cash balance, ending

75.000

Operating + Investing + Financing = Cash ending – Cash beginning 55.000

=

55.000

70000 290000 -625000 -265000

112500 -50000 -121500 -59000 55000

MENTORING AKUNTANSI KEUANGAN 2

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