Penilaian Kembali Aspek Keuangan dalam Pembangunan lndustri Crude Palm kernel Oil (CPKO) dan Palm Kernel Expeller (pKE) - Studi Kasus pada PT. usaha lnti Padang

-, Gustati (2007) Penilaian Kembali Aspek Keuangan dalam Pembangunan lndustri Crude Palm kernel Oil (CPKO) dan Palm Kernel Expeller (pKE) - Studi Kasus pada PT. usaha lnti Padang. JURNAL AKUNTANSI & MANAJEMEN, 2 (1). pp. 21-32. ISSN 1858-3687

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Abstract

The economic crisis in lndonesia in the mid of '97 has given a big impact to many industries. One of the industries that might be affected by the economic crisis is palm industry. This is because palm industry is quite new in indonesia; hence it has a higher risk compared to other industries. The aim of this paper is to analyze the risk and return in crude palm kemel oil (CPKO) and Palm Kemel Expeller industries. the writers tries to re-evaluate the investment in palm industries by adjusting the fluctuated price from 1st january 1999.The re-evaluation is aimed to assess the eligibility of the industry in the future. it is found that the net present value of finance project is minus 1,366.261,373 IDR at 44% of the discount rate. While the IRR is 42,74% lower than the expected value. It is also found that the payback period is 4 years and 9 months, besides the Average Rate of Return is 2.02 times the invested values. in additional to these, the profitability index is 93%'.This research concludes that the palm industry CPKO and PKE is not eligible to be proceeded since it has the higher risk compared to the expected return. however,given the fact that this industry has a potential market, it can be continued on condition that the minimal sale price is 26% or at the discount factor below 42.74%.

Item Type:Article
Subjects:C Social Sciences > CF Commerce > CF1 Accounting
Divisions:Jurusan Akuntansi > Prog.Studi Akuntansi-D3 > Jurnal/Karya Ilmiah
ID Code:223
Deposited By:Mr. OP Repo-2 Puskom
Deposited On:12 Oct 2016 11:02
Last Modified:08 Nov 2016 15:09

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