Writer / NIM
MARYAM ABAS / 261408070
Study Program
S1 - MANAJEMEN
Advisor 1 / NIDN
IMRAN ROSMAN HAMBALI, S.Pd., SE., MSA / 0023087004
Advisor 2 / NIDN
HAIS DAMA, SE, M.Si / 0005037306
Abstract
ABSTRACT
Maryam Abas, 2012. “Comparative Analysis of the Economic Value Added (EVA) and the Financial Value Added (FVA) as a measure of financial performance assessment at the PT. Holcim Indonesia, Tbk”. Study Program of Management Bachelor, Department of Management, Faculty of Economics and Business, State University of Gorontalo. Supervisor: Imran R. Hambali, S.Pd., SE., MSA; Co-Supervisor: Hais Dama, SE., M.Si.
The Economic Value Added (EVA) and the Financial Value Added (FVA) is the concept of management performance assessment is based on the size of the added value created by the company during the specified period. EVA measures the economic profit of the company taking into account toward the cost of capital, whereas FVA earnings measure taking into account toward the contribution of fixed assets in generating net profits of the company.
The study aims to compare methods of the Economic Value Added (EVA) and the Financial Value Added (FVA) in measuring the assessment of financial performance at PT. Holcim Indonesia, Tbk. In this study, researcher used secondary data from annual financial statements over 3 year’s period, from the period from 2009 to 2011, listed on the Indonesia Stock Exchange. The results of this study show that by using EVA, company was able to generate economic profits of the years 2009-2011. Although the year 2010 experienced a decline, in this case the company is able to cover the cost of company’s operation. While using the FVA, company declined during the year 2009-2011, because the amount of profit generated by fixed asset decreases from year to year.
Keywords: Economic Value Added (EVA), Financial Value Added (FVA)
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