contoh kasus instrumen keuangan

CASE STUDY-1

Interest-free Loan to Employee

CASE 1-1As part of remuneration package of Company ABC's employees, an employee who has worked for 5 consecutive years may borrow up to 4 monthsequivalent salary from Company ABC with 0% interest rate. The loan is repayable in 24 equal monthly installments.

Assuming an employee borrowed Rp 24.000.000 on February 1, 2010 and the imputed interest on such loan at market rate is 12%, at how much shouldthe company recognize the loan receivable from an employee on February 1, 2010 ?

Formula : PV=(rate, nper, pmt, fv, type) ---- > PV (12%/12,24,-1.000.000,0,0)

Loan Receivable = 21,243,387

CASE 1-2PT A provides an interest free loan in the amount of US$100.000 to PT X. The loan is repayable in full after 3 years.Calculate the fair value amount of the loan receivable based on current market interest rate of 10%.

Loan Recevaible = 75,131 Note : karena penerimaan hanya sekali saja (tidak ada penerimaan ataupun pembayaran berkala makanilai anuitas = nol

JOURNAL ENTRIES :PT A Receivable from PT X 75,131 Expense 24,869

Cash in Bank 100,000

PT XCash in Bank 100,000

Payable to PT X 75,131 Income 24,869

As part of remuneration package of Company ABC's employees, an employee who has worked for 5 consecutive years may borrow up to 4 monthsequivalent salary from Company ABC with 0% interest rate. The loan is repayable in 24 equal monthly installments.

Assuming an employee borrowed Rp 24.000.000 on February 1, 2010 and the imputed interest on such loan at market rate is 12%, at how much shouldthe company recognize the loan receivable from an employee on February 1, 2010 ?

Formula : PV=(rate, nper, pmt, fv, type) ---- > PV (12%/12,24,-1.000.000,0,0)

PT A provides an interest free loan in the amount of US$100.000 to PT X. The loan is repayable in full after 3 years.Calculate the fair value amount of the loan receivable based on current market interest rate of 10%.

Note : karena penerimaan hanya sekali saja (tidak ada penerimaan ataupun pembayaran berkala maka

CASE STUDY-2

CASE 2-1Company issued 5-year US$1.000.000 bond with net proceeds of US$1.000.000 (price at 103 and US$30.000 transaction costs).Bond pays interest at each anniversary date at 5% for the first 2 years; then 7% for the 3rd and 4th year; and 8% for the 5th year.Company may prepay at the end of 4th year at amortised cost with no significant penalty.Company expects to redeem the bond after 4 years since market interest rate is expected to decline in long term.

What is the effective interest rate (EIR) ?What will be the interest expense to be recognized in the profit & loss for each year ?

Price of Bonds @103Transaction Costs (karena merupakan kewajiban maka biaya transaksi mengurangi initial carrying amount)Net Proceeds

Cash Flows :Net Proceeds1st year interset2nd year interest3rd year interest4th year interest and principal paymentEIR formulaEIR (Effective Interest Rate)

Amortised cost at Amortization of Amortization withYear start of year Cash Flows Interest ExpenseInterest Expense Rate

Beginning1 1,000,000 (50,000) 59,423 9,423 2 1,009,423 (50,000) 59,983 9,983 3 1,019,407 (70,000) 60,577 (9,423)4 1,009,983 (1,070,000) 60,017 (1,009,983)

JOURNAL ENTRIES

Initial Measurement (Pengakuan Awal)Cash 1,000,000 Bonds Payable 1,000,000

Subsequent Measurement :Year-1Interest Expense 59,423 Cash 50,000 Bonds Payable 9,423

Year-2Interest Expense 59,983 Cash 50,000 Bonds Payable 9,983

Year-3

Interest Expense 60,577 Bonds Payable 9,423 Cash 70,000

Year-4Interest Expense 60,017 Bonds Payable 1,009,983 Cash 1,070,000

CASE 2-2A debt security has a stated principal amount of $100.000, which will be repaid by the issuer at maturity in five years, and a statedcoupon interest rate of 6% per year payable annually at the end of each year until maturity (i.e $6.000 per year).Entity A purchases the debt security in the market on January 1, 20X1 for $93.400 (including transcation costs of $100), that is, at a discount of $6.600 to its principal (par) amount of $100.000.Entity A classifies the debt security as held to maturity and makes this journal entry :

Held-to-maturity Investments 93,400 Cash 93,400

Based on the cash flows of the debt security (i.e an initial outflow of $93.400, five annual interest cash inflows of $6.000, and oneprincipal cash inflow at maturity of $100.000), it can be shown that the effective interest rate (internal rate of return) of the investment

that equals the purchase price.

REQUIRED : What is the percentage of the Effective Interest Rate ? Use the Excel EIR Formula to do the calculation

Cash Flows :Net Proceeds1st year interset2nd year interest3rd year interest4th year interest and principal payment5th year interest and principal paymentEIR formulaEIR (Effective Interest Rate)

asset can be computed as indicated in this amortization schedule :

Year (A) Beginning of (B) Interest cash (C) ReportedPeriod Amortized Inflows (at 6%) and Interest Income

Cost Principal Cash Inflow

20X1 93,400 (6,000) 7,133 20X2 94,533 (6,000) 7,220 20X3 95,753 (6,000) 7,313 20X4 97,066 (6,000) 7,413

in the debt security is approximately _______ % This is the only discount rate that will give a present value of the future cash flows

Based on the effective interest rate of ____%, the amortized cost and reported interest income in each year over the life of the financial

(A) X _____%

20X5 98,479 (6,000) 7,521 (106,000)

(30,000) 36,600

Write down the journal entries for each year's recognition ?

Held-to-maturity Investments 93,400 Cash 93,400

Subsequent Measurement :Year-1Cash 6,000 Held To Maturity Investment 1,133 Interest income 7,133

Year-2Cash 6,000 Held To Maturity Investment 1,220 Interest income 7,220



Year-5Cash 106,000 Held To Maturity Investment 1,521 Interest income 7,521 Held to Maturity Investment 100,000.00

Company issued 5-year US$1.000.000 bond with net proceeds of US$1.000.000 (price at 103 and US$30.000 transaction costs).Bond pays interest at each anniversary date at 5% for the first 2 years; then 7% for the 3rd and 4th year; and 8% for the 5th year.

Company expects to redeem the bond after 4 years since market interest rate is expected to decline in long term.

1,030,000 (30,000)

1,000,000

(1,000,000)50,000 50,000 70,000

1,070,000 =IRR(I18:I22)

5.94234%

Amortised cost atend of year

1,000,000 1,009,423 1,019,407 1,009,983

(0)

A debt security has a stated principal amount of $100.000, which will be repaid by the issuer at maturity in five years, and a statedcoupon interest rate of 6% per year payable annually at the end of each year until maturity (i.e $6.000 per year).Entity A purchases the debt security in the market on January 1, 20X1 for $93.400 (including transcation costs of $100), that is,

Based on the cash flows of the debt security (i.e an initial outflow of $93.400, five annual interest cash inflows of $6.000, and oneprincipal cash inflow at maturity of $100.000), it can be shown that the effective interest rate (internal rate of return) of the investment

REQUIRED : What is the percentage of the Effective Interest Rate ? Use the Excel EIR Formula to do the calculation

(93,400.00)6,000.00 6,000.00 6,000.00 6,000.00

106,000.00 =IRR(K87:K92)

7.64%

(D) Amortization (E) End-of Periodof Debt Discount Amortized Cost

(C) - (B) (A) + (D) 93,400.00

1,133 94,533.18 1,220 95,752.91 1,313 97,065.78 1,413 98,478.93

This is the only discount rate that will give a present value of the future cash flows

, the amortized cost and reported interest income in each year over the life of the financial

1,521 100,000.00

6,600

CASE STUDY-3

On January 1, 2008 Company A invested into Company B's Series X Bonds which carry a nominal amount of 5.000.000.000. The bond will mature in January 1, 2011or a term of 3 years. The bond carries a coupon rate of 9,00% per annum that is payable on a quarterly basis. The bond's principal is payable at maturity date.The investment transaction was arranged by Broker B which charges the Company with a broker fee of 15.000.000. The investment has been classified as held tomaturity (HTM).

Initial Measurement :Transaction price 5,000,000,000 Transaction cost 15,000,000 Carrying value at initial measurement 5,015,000,000

EIR Calculation :

Date Cash Flow

Jan 1,2008 Investment (5,015,000,000)April 1, 2008 Interest Income 112,500,000 Jul 1, 2008 Interest Income 112,500,000 Oct 1, 2008 Interest Income 112,500,000 Jan 1, 2009 Interest Income 112,500,000 April 1, 2009 Interest Income 112,500,000 Jul 1, 2009 Interest Income 112,500,000 Oct 1, 2009 Interest Income 112,500,000 Jan 1, 2010 Interest Income 112,500,000 Apr 1, 2010 Interest Income 112,500,000 Jul 1, 2010 Interest Income 112,500,000 Oct 1,2010 Interest Income 112,500,000 Jan 1,2011 Principal + Interest 5,112,500,000

EIR per quarter 2.22%EIR per year 8.88%

AMORTIZATION COST CALCULATION :

9% Interest AmortizationDate Notional Collection Interest Income

1/1/08 5,000,000,000 1/4/08 (112,500,000) 111,395,450 1/7/08 (112,500,000) 111,370,915 1/10/08 (112,500,000) 111,345,836 1/1/09 (112,500,000) 111,320,199 1/4/09 (112,500,000) 111,293,992 1/7/09 (112,500,000) 111,267,204 1/10/09 (112,500,000) 111,239,821 1/1/10 (112,500,000) 111,211,829 1/4/10 (112,500,000) 111,183,215 1/7/10 (112,500,000) 111,153,966 1/10/10 (112,500,000) 111,124,068 1/1/11 (5,000,000,000) (112,500,000) 111,093,505

JOURNAL ENTRIES1 Jan 2008

Investment in Bonds 5,015,000,000 Cash 5,015,000,000

1 April 2008Cash 112,500,000 Interest Income 111,395,450 Investment in Bonds 1,104,550

1 Jan 2011Cash 5,112,500,000 Interest Income 111,093,505 Investment in Bonds 5,001,406,495

From the details above, if the investment has been classified as available for sale because of Company A's intention to sell the investment when they experience liquidity issue.Several additional transactions data obtained as follows :On April 1, 2008, series X bond's were being traded in the market with a bid price of 107,1%. As of December 31, 2008, series x bond's were being traded in the marketwith a bid price of 105,2%. As of December 31, 2009, the same bond is being traded on the market with a bid price of 102,75%.

Required : Calculate the Bond's Fair Value and Fair Value Adjustment

Date Notional Amount Market Price Fair Value

1/4/08 5,000,000,000 107.10% 5,355,000,000 31/12/08 5,000,000,000 105.20% 5,260,000,000 31/12/09 5,000,000,000 102.75% 5,137,500,000

JOURNAL ENTRIES1 April 2008Investment in Bonds (AFS) 341,104,550 Fair Value Gain/Loss (Equity)

31 December 2008Fair Value Gain/Loss (Equity) 91,536,949 Investment in Bonds (AFS)

31 December 2009Fair Value Gain/Loss (Equity) 117,512,846 Investment in Bonds (AFS)

On January 1, 2008 Company A invested into Company B's Series X Bonds which carry a nominal amount of 5.000.000.000. The bond will mature in January 1, 2011or a term of 3 years. The bond carries a coupon rate of 9,00% per annum that is payable on a quarterly basis. The bond's principal is payable at maturity date.The investment transaction was arranged by Broker B which charges the Company with a broker fee of 15.000.000. The investment has been classified as held to

Amortization Cost

5,015,000,000 (1,104,550) 5,013,895,450 (1,129,085) 5,012,766,365 (1,154,164) 5,011,612,201 (1,179,801) 5,010,432,399 (1,206,008) 5,009,226,392 (1,232,796) 5,007,993,596 (1,260,179) 5,006,733,416 (1,288,171) 5,005,445,245 (1,316,785) 5,004,128,461 (1,346,034) 5,002,782,427 (1,375,932) 5,001,406,495 (1,406,495) 0

(15,000,000)

From the details above, if the investment has been classified as available for sale because of Company A's intention to sell the investment when they experience liquidity issue.

On April 1, 2008, series X bond's were being traded in the market with a bid price of 107,1%. As of December 31, 2008, series x bond's were being traded in the marketwith a bid price of 105,2%. As of December 31, 2009, the same bond is being traded on the market with a bid price of 102,75%.

Fair Value Gain Fair ValueAmortized Cost (Loss) in Equity Adjustment

5,013,895,450 341,104,550 341,104,550 5,010,432,399 249,567,601 (91,536,949)5,005,445,245 132,054,755 (117,512,846)

341,104,550

91,536,949

117,512,846

CASE STUDY-4

Pada tanggal 1 Januari 20X5, karyawan A mengajukan pinjaman kepada perusahaan untuk pembelian mobil sebesar Rp 120.000.000.Sebagai karyawan, A berhak untuk mendapatkan pinjaman dengan tingkat bunga rendah sebesar 10% per tahun. Pinjaman tersebutakan dibayar dalam jangka waktu 3 tahun, dengan angsuran pokok dan bunga yang dibayarkan setiap triwulan. Telah disepakati bahwa pokok pinjaman akan dibaya pada angsuran 12 triwulanan yang sama sebesar Rp 10.000.000.Pada tanggal yang sama, tingkat bunga pasar untuk jenis pinjaman pembelian mobil kepada pihak ketiga adalah 13% per tahun.

Bagaimana pencatatan akuntansi atas transaksi tersebut di pembukuan perusahaan ?

PENYELESAIAN :

Periode Angsuran Pendapatan Total Arus Saldo Arus KasPokok Bunga Kontraktual Kas Kontraktual Pinjaman Terdiskonto

120,000,000 1 10,000,000 3,000,000 13,000,000 110,000,000 12,590,799 2 10,000,000 2,750,000 12,750,000 100,000,000 11,959,969 3 10,000,000 2,500,000 12,500,000 90,000,000 11,356,378 4 10,000,000 2,250,000 12,250,000 80,000,000 10,778,935 5 10,000,000 2,000,000 12,000,000 70,000,000 10,226,592 6 10,000,000 1,750,000 11,750,000 60,000,000 9,698,342 7 10,000,000 1,500,000 11,500,000 50,000,000 9,193,215 8 10,000,000 1,250,000 11,250,000 40,000,000 8,710,278 9 10,000,000 1,000,000 11,000,000 30,000,000 8,248,636

10 10,000,000 750,000 10,750,000 20,000,000 7,807,426 11 10,000,000 500,000 10,500,000 10,000,000 7,385,819 12 10,000,000 250,000 10,250,000 0 6,983,018

120,000,000 19,500,000 139,500,000 114,939,407

Suku Bunga 10% p.a2.5% per TW

Kontraktual

JOURNAL :

Piutang Karyawan 120,000,000 Biaya - Perbedaan Nilai Wajar 5,060,593

Piutang Karyawan - Perbedaan Nilai Wajar 5,060,593 Kas 120,000,000

Angsuran ke-1Kas 13,000,000 Piutang Karyawan - Perbedaan Nilai Wajar 735,531

Piutang Karyawan - Pokok 10,000,000 Pendapatan Bunga 3,735,531


Piutang Karyawan - Pokok 10,000,000 ` Pendapatan Bunga 3,434,435

Angsuran ke-3

Kas 12,500,000 Piutang Karyawan - Perbedaan Nilai Wajar 631,680















Piutang Karyawan - Pokok 10,000,000 Pendapatan Bunga 961,130


Piutang Karyawan - Pokok 10,000,000 Pendapatan Bunga 642,992


Piutang Karyawan - Pokok 10,000,000

Pendapatan Bunga 322,639

Pada tanggal 1 Januari 20X5, karyawan A mengajukan pinjaman kepada perusahaan untuk pembelian mobil sebesar Rp 120.000.000.Sebagai karyawan, A berhak untuk mendapatkan pinjaman dengan tingkat bunga rendah sebesar 10% per tahun. Pinjaman tersebutakan dibayar dalam jangka waktu 3 tahun, dengan angsuran pokok dan bunga yang dibayarkan setiap triwulan. Telah disepakati bahwa pokok pinjaman akan dibaya pada angsuran 12 triwulanan yang sama sebesar Rp 10.000.000.Pada tanggal yang sama, tingkat bunga pasar untuk jenis pinjaman pembelian mobil kepada pihak ketiga adalah 13% per tahun.

Arus Kas Pendapatan Amortisasi Saldo PinjamanBersih Bunga Efektif EIR

(114,939,407) 114,939,407 13,000,000 3,735,531 735,531 105,674,938 12,750,000 3,434,435 684,435 96,359,373 12,500,000 3,131,680 631,680 86,991,053 12,250,000 2,827,209 577,209 77,568,262 12,000,000 2,520,969 520,969 68,089,231 11,750,000 2,212,900 462,900 58,552,131 11,500,000 1,902,944 402,944 48,955,075 11,250,000 1,591,040 341,040 39,296,115 11,000,000 1,277,124 277,124 29,573,239 10,750,000 961,130 211,130 19,784,369 10,500,000 642,992 142,992 9,927,361 10,250,000 322,639 72,639 0

24,560,593 5,060,593

3.25%

Efektif EIR

BUKU BESAR : PIUTANG KARYAWAN

KETERANGAN DEBET KREDIT SALDO

Pinjaman untuk Karyawan 120,000,000 120,000,000 Perbedaan Nilai Wajar (5,060,593) 114,939,407 Angsuran ke-1 (10,000,000) 104,939,407 Perbedaan Nilai Wajar 735,531 105,674,938 Angsuran ke-2 (10,000,000) 95,674,938 Perbedaan Nilai Wajar 684,435 96,359,373 Angsuran ke-3 (10,000,000) 86,359,373 Perbedaan Nilai Wajar 631,680 86,991,053 Angsuran ke-4 (10,000,000) 76,991,053 Perbedaan Nilai Wajar 577,209 77,568,262 Angsuran ke-5 (10,000,000) 67,568,262 Perbedaan Nilai Wajar 520,969 68,089,231 Angsuran ke-6 (10,000,000) 58,089,231 Perbedaan Nilai Wajar 462,900 58,552,131 Angsuran ke-7 (10,000,000) 48,552,131

Perbedaan Nilai Wajar 402,944 48,955,075 Angsuran ke-8 (10,000,000) 38,955,075 Perbedaan Nilai Wajar 341,040 39,296,115 Angsuran ke-9 (10,000,000) 29,296,115 Perbedaan Nilai Wajar 277,124 29,573,239 Angsuran ke-10 (10,000,000) 19,573,239 Perbedaan Nilai Wajar 211,130 19,784,369 Angsuran ke-11 (10,000,000) 9,784,369 Perbedaan Nilai Wajar 142,992 9,927,361 Angsuran ke-12 (10,000,000) (72,639)Perbedaan Nilai Wajar 72,639 0

125,060,593 (125,060,593)

CASE STUDY-5

Pada tanggal 25 Pebruari 2012, PT A memperoleh pinjaman dari PT XYZ (pemegang saham perusahaan) sebesar USD 1.920.000.Pinjaman yang diperoleh akan dipergunakan PT A untuk keperluan pembiayaan pembelian alat-alat berat untuk kegiatan operasional perusahaan.Pinjaman tersebut akan dilunaskan oleh PT A dalam jangka waktu 2 tahun, dengan angsuran pokok dan bunga yang dibayar secara bulanan.Suku bunga pinjaman yang dikenakan oleh PT XYZ sebesar 8% per tahun.Telah disepakati bahwa pokok pinjaman akan dibayar melalui angsuran bulanan yang sama sebesar USD 80.000.Pada tanggal yang sama, tingkat bunga pasar yang berlaku untuk pembiayaan yang sejenis adalah 11% per tahun.

Sajikan pencatatan akuntansi yang diperlukan dalam pembukuan PT XYZ.

PENYELESAIAN :

Periode Angsuran PendapatanPokok Bunga Kontraktual

1 80,000 12,864 2 80,000 12,328 3 80,000 11,792 4 80,000 11,256 5 80,000 10,720 6 80,000 10,184 7 80,000 9,648 8 80,000 9,112 9 80,000 8,576

10 80,000 8,040 11 80,000 7,504 12 80,000 6,968 13 80,000 6,432 14 80,000 5,896 15 80,000 5,360 16 80,000 4,824 17 80,000 4,288 18 80,000 3,752 19 80,000 3,216 20 80,000 2,680 21 80,000 2,144 22 80,000 1,608 23 80,000 1,072 24 80,000 536

1,920,000 160,800

Suku Bunga 8% p.a0.67

JournalPiutang PT ABiaya - Perbedaan Nilai Wajar

Piutang PT A - Perbedaan Nilai WajarKas

Angsuran ke-1

KasPiutang PT A - Perbedaan Nilai Wajar

Piutang PT A - Perbedaan Nilai WajarPendapatan Bunga

Angsuran ke-3KasPiutang Karyawan - Perbedaan Nilai Wajar

Piutang Karyawan - Pokok` Pendapatan Bunga









BUKU BESAR : PIUTANG PT A

KETERANGAN DEBET

Pinjaman untuk PT A 1,920,000 Perbedaan Nilai WajarAngsuran ke-1Perbedaan Nilai Wajar 735,531 Angsuran ke-2Perbedaan Nilai Wajar #REF!Angsuran ke-3Perbedaan Nilai Wajar #REF!Angsuran ke-4Perbedaan Nilai Wajar #REF!

Angsuran ke-5Perbedaan Nilai Wajar #REF!Angsuran ke-6Perbedaan Nilai Wajar #REF!Angsuran ke-7Perbedaan Nilai Wajar #REF!Angsuran ke-8Perbedaan Nilai Wajar #REF!Angsuran ke-9Perbedaan Nilai Wajar #REF!Angsuran ke-10Perbedaan Nilai Wajar #REF!Angsuran ke-11Perbedaan Nilai Wajar #REF!Angsuran ke-12Perbedaan Nilai Wajar #REF!

Pada tanggal 25 Pebruari 2012, PT A memperoleh pinjaman dari PT XYZ (pemegang saham perusahaan) sebesar USD 1.920.000.Pinjaman yang diperoleh akan dipergunakan PT A untuk keperluan pembiayaan pembelian alat-alat berat untuk kegiatan operasional perusahaan.Pinjaman tersebut akan dilunaskan oleh PT A dalam jangka waktu 2 tahun, dengan angsuran pokok dan bunga yang dibayar secara bulanan.

Telah disepakati bahwa pokok pinjaman akan dibayar melalui angsuran bulanan yang sama sebesar USD 80.000.Pada tanggal yang sama, tingkat bunga pasar yang berlaku untuk pembiayaan yang sejenis adalah 11% per tahun.

Total Arus Saldo Arus Kas Arus Kas Pendapatan AmortisasiKas Kontraktual Pinjaman Terdiskonto Bersih Bunga Efektif EIR

1,920,000 (1,865,226)92,864 1,840,000 92,020 92,864 17,098 4,234 92,328 1,760,000 90,658 92,328 16,403 4,075 91,792 1,680,000 89,313 91,792 15,707 3,915 91,256 1,600,000 87,985 91,256 15,010 3,754 90,720 1,520,000 86,674 90,720 14,311 3,591 90,184 1,440,000 85,379 90,184 13,611 3,427 89,648 1,360,000 84,101 89,648 12,909 3,261 89,112 1,280,000 82,839 89,112 12,205 3,093 88,576 1,200,000 81,592 88,576 11,500 2,924 88,040 1,120,000 80,362 88,040 10,794 2,754 87,504 1,040,000 79,147 87,504 10,086 2,582 86,968 960,000 77,948 86,968 9,376 2,408 86,432 880,000 76,764 86,432 8,665 2,233 85,896 800,000 75,595 85,896 7,952 2,056 85,360 720,000 74,441 85,360 7,237 1,877 84,824 640,000 73,301 84,824 6,521 1,697 84,288 560,000 72,177 84,288 5,803 1,515 83,752 480,000 71,066 83,752 5,084 1,332 83,216 400,000 69,970 83,216 4,363 1,147 82,680 320,000 68,888 82,680 3,640 960 82,144 240,000 67,820 82,144 2,916 772 81,608 160,000 66,765 81,608 2,189 581 81,072 80,000 65,724 81,072 1,461 389 80,536 0 64,696 80,536 732 196

2,080,800 1,865,226 215,574 54,774

0.92%

1,920,000 54,774

54,774 1,920,000

92,864 4,234

80,000 17,098

92,328 4,075

80,000 16,403

91,792 3,754

80,000 15,707

91,256 3,915

80,000 15,010

90,720 3,591

80,000 14,311

90,184 3,427

80,000 13,611

KREDIT SALDO

1,920,000 (5,060,593) (3,140,593)

(10,000,000) (13,140,593)(12,405,062)

(10,000,000) (22,405,062)#REF!

(10,000,000) #REF!#REF!

(10,000,000) #REF!#REF!

(10,000,000) #REF!#REF!

(10,000,000) #REF!#REF!

(10,000,000) #REF!#REF!

(10,000,000) #REF!#REF!

(10,000,000) #REF!#REF!

(10,000,000) #REF!#REF!

(10,000,000) #REF!#REF!

(10,000,000) #REF!#REF!

Saldo PinjamanBUKU BESAR : PIUTANG PT A

1,865,226 KETERANGAN DEBET KREDIT1,789,460 1,713,536 Pinjaman untuk PT A 120,000,000 1,637,451 Perbedaan Nilai Wajar (5,060,593)1,561,205 Angsuran ke-1 (10,000,000)1,484,796 Perbedaan Nilai Wajar 735,531 1,408,223 Angsuran ke-2 (10,000,000)1,331,483 Perbedaan Nilai Wajar 2,408 1,254,577 Angsuran ke-3 (10,000,000)1,177,501 Perbedaan Nilai Wajar 1,332 1,100,255 Angsuran ke-4 (10,000,000)1,022,836 Perbedaan Nilai Wajar 196

945,244 Angsuran ke-5 (10,000,000)867,477 Perbedaan Nilai Wajar 0 789,533 Angsuran ke-6 (10,000,000)711,410 Perbedaan Nilai Wajar 0 633,108 Angsuran ke-7 (10,000,000)554,623 Perbedaan Nilai Wajar 0 475,955 Angsuran ke-8 (10,000,000)397,102 Perbedaan Nilai Wajar 0 318,062 Angsuran ke-9 (10,000,000)238,834 Perbedaan Nilai Wajar 0 159,415 Angsuran ke-10 (10,000,000)

79,804 Perbedaan Nilai Wajar 0 (0) Angsuran ke-11 (10,000,000)

Perbedaan Nilai Wajar 0 Angsuran ke-12 (10,000,000)Perbedaan Nilai Wajar 0

120,739,467 (125,060,593)

SALDO

120,000,000 114,939,407 104,939,407 105,674,938

95,674,938 95,677,346 85,677,346 85,678,678 75,678,678 75,678,874 65,678,874 65,678,874 55,678,874 55,678,874 45,678,874 45,678,874 35,678,874 35,678,874 25,678,874 25,678,874 15,678,874 15,678,874

5,678,874 5,678,874

(4,321,126)(4,321,126)

CASE STUDY-6

KREDIT DIUKUR PADA HARGA PEROLEHAN DIAMORTISASI

PT ABC mendapat fasilitas kredit dari Bank XYZ dengan rincian sebagai berikut :

Maksimum Kredit = Rp 100 MiliarJangka Waktu = 2 tahun atau 24 bulanJenis Kredit = Investasi untuk pembelian mesinBunga = 15% per tahun atau 1,25% per bulanProvisi Kredit = 0,08% atau Rp 80 jutaJadwal Angsuran Pokok Semester I 2008 = 25 Miliar Semester II 2008 = 25 Miliar Semester I 2009 = 25 Miliar Semester II 2009 = 25 Miliar

Total Dana Pinjaman yang diterima PT ABC adalah Rp 100 Miliar - Rp 80 juta = Rp 99.920.000.000

TABEL PERHITUNGAN :

Estimasi Nilai Tercatat Suku Bunga No. Periode Angsuran Arus Kas Awal Kredit Efektif (EIR) Angsuran PokokA B C D E = D X EIR F

1 1-Jan-2008 (99,920,000,000)2 31-Jan-2008 1,250,000,000 99,920,000,000 1,254,782,655 3 28-Feb-2008 1,250,000,000 99,924,782,655 1,254,842,714 4 31-Mar-2008 1,250,000,000 99,929,625,369 1,254,903,529 5 30-Apr-2008 1,250,000,000 99,934,528,898 1,254,965,107 6 31-Mei-2008 1,250,000,000 99,939,494,004 1,255,027,458 7 30-Jun-2008 26,250,000,000 99,944,521,462 1,255,090,592 (25,000,000,000)8 31-Jul-2008 937,000,000 74,949,612,054 941,207,698 9 31-Agt-2008 937,000,000 74,953,819,752 941,260,538

10 30-Sept-2008 937,000,000 74,958,080,289 941,314,041 11 31-Okt-2008 937,000,000 74,962,394,330 941,368,216 12 30-Nov-2008 937,000,000 74,966,762,546 941,423,072 13 31-Des-2008 25,937,000,000 74,971,185,618 941,478,616 (25,000,000,000)14 31-Jan-2009 625,000,000 49,975,664,234 627,588,037 15 28-Feb-2009 625,000,000 49,978,252,270 627,620,537 16 31-Mar-2009 625,000,000 49,980,872,807 627,653,445 17 30-Apr-2009 625,000,000 49,983,526,253 627,686,767 18 31-Mei-2009 625,000,000 49,986,213,019 627,720,507 19 30-Jun-2009 25,625,000,000 49,988,933,526 627,754,671 (25,000,000,000)20 31-Jul-2009 312,500,000 24,991,688,197 313,842,443 21 31-Agt-2009 312,500,000 24,993,030,640 313,859,301 22 30-Sept-2009 312,500,000 24,994,389,941 313,876,371 23 31-Okt-2009 312,500,000 24,995,766,311 313,893,655 24 30-Nov-2009 312,500,000 24,997,159,966 313,911,156 25 31-Des-2009 25,312,500,000 24,998,571,122 313,928,877 (25,000,000,000)

NET CASH FLOWS 18,827,000,000 18,827,000,000 (100,000,000,000)

Suku Bunga Efektif Awal

(EIR) 1.256%

Amortisasi Nilai TercatatTagihan Bunga dengan EIR Akhir

G = p x i H = E - G I = D+E+F+G

99,920,000,000 (1,250,000,000) 4,782,655 99,924,782,655 (1,250,000,000) 4,842,714 99,929,625,369 (1,250,000,000) 4,903,529 99,934,528,898 (1,250,000,000) 4,965,107 99,939,494,004 (1,250,000,000) 5,027,458 99,944,521,462 (1,250,000,000) 5,090,592 74,949,612,054

(937,000,000) 4,207,698 74,953,819,752 (937,000,000) 4,260,538 74,958,080,289 (937,000,000) 4,314,041 74,962,394,330 (937,000,000) 4,368,216 74,966,762,546 (937,000,000) 4,423,072 74,971,185,618 (937,000,000) 4,478,616 49,975,664,234 (625,000,000) 2,588,037 49,978,252,270 (625,000,000) 2,620,537 49,980,872,807 (625,000,000) 2,653,445 49,983,526,253 (625,000,000) 2,686,767 49,986,213,019 (625,000,000) 2,720,507 49,988,933,526 (625,000,000) 2,754,671 24,991,688,197 (312,500,000) 1,342,443 24,993,030,640 (312,500,000) 1,359,301 24,994,389,941 (312,500,000) 1,376,371 24,995,766,311 (312,500,000) 1,393,655 24,997,159,966 (312,500,000) 1,411,156 24,998,571,122 (312,500,000) 1,428,877 (0)

(18,747,000,000) 80,000,000

contoh kasus instrumen keuangan

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