Analisis Rencana Penggabungan Usaha (MERGER) PT. Kimia Farma Tbk. (KAEF)Dan PT. Indofarma Tbk (INAF)
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Institusion
STIE Indonesia Banking School
Author
Al Zahra, Hanna
Subject
HF5601 Accounting
Datestamp
2021-09-29 06:23:14
Abstract :
In an ever increasing competitive environment, Pharmaceutical companies keep on expanding. Mergers and Acquisition (M&A) seems to be one of the preferred means of acquiring critical mass and economies of scale. This study intended to forecast whether the plan of M&A are acknowledge at company growth and if so, to establish an projection framework for managing it. As an object of this study there are two companies in pharmaceutical industry which is still in a group of BUMN, PT. Kimia Farma Tbk. as an acquirer that plan to take over PT. Indofarma. In order to gain a deeper understanding of the planning on the M&A, this study is supported by the data publisher for the financial report both companies in 2010 and 2011, and for the projection is used the financial report in 2011 as a base year. This study discusses the production, operation, and financial performance of both companies before M&A, then the projection if that M&A are truly happen and in further about the benefit after implementing M&A. Result indicated that positive effects could be expected of this M&A plan, and also optimization in production process, reducing cost in marketing and distribution, and some other post related to sales and general expenses, that all could improve the financial performance Keywords: Planning, Merger and Acquisition (M&A), Projection, Financial performance
In an ever increasing competitive environment, Pharmaceutical companies keep on expanding. Mergers and Acquisition (M&A) seems to be one of the preferred means of acquiring critical mass and economies of scale. This study intended to forecast whether the plan of M&A are acknowledge at company growth and if so, to establish an projection framework for managing it. As an object of this study there are two companies in pharmaceutical industry which is still in a group of BUMN, PT. Kimia Farma Tbk. as an acquirer that plan to take over PT. Indofarma. In order to gain a deeper understanding of the planning on the M&A, this study is supported by the data publisher for the financial report both companies in 2010 and 2011, and for the projection is used the financial report in 2011 as a base year. This study discusses the production, operation, and financial performance of both companies before M&A, then the projection if that M&A are truly happen and in further about the benefit after implementing M&A. Result indicated that positive effects could be expected of this M&A plan, and also optimization in production process, reducing cost in marketing and distribution, and some other post related to sales and general expenses, that all could improve the financial performance Keywords: Planning, Merger and Acquisition (M&A), Projection, Financial performance
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