Proceedings of the 4th International Conference on Economics, Business and Economic Education Science, ICE-BEES 2021, 27-28 July 2021, Semarang, Indonesia

Research Article

Financial Strategic Planning by Analyzing Performance Throughout Electricity Infrastructure Acceleration Project Period at PT X

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  • @INPROCEEDINGS{10.4108/eai.27-7-2021.2316827,
        author={Cynthia Roosaly Maryana and Imo  Gandakusuma},
        title={Financial Strategic Planning by Analyzing Performance Throughout Electricity Infrastructure Acceleration Project Period at PT X},
        proceedings={Proceedings of the 4th International Conference on Economics, Business and Economic Education Science, ICE-BEES 2021, 27-28 July 2021, Semarang, Indonesia},
        publisher={EAI},
        proceedings_a={ICE-BEES},
        year={2022},
        month={3},
        keywords={electricity company financial performance health indicators strategic analysis pro forma analysis},
        doi={10.4108/eai.27-7-2021.2316827}
    }
    
  • Cynthia Roosaly Maryana
    Imo Gandakusuma
    Year: 2022
    Financial Strategic Planning by Analyzing Performance Throughout Electricity Infrastructure Acceleration Project Period at PT X
    ICE-BEES
    EAI
    DOI: 10.4108/eai.27-7-2021.2316827
Cynthia Roosaly Maryana1,*, Imo Gandakusuma1
  • 1: Universitas Indonesia
*Contact email: cr.maryana@gmail.com

Abstract

PT X, as the only state-owned enterprise that holds the electricity supply business license in Indonesia, is required to implement government programs in achieving the national electrification ratio in the form of electricity infrastructure acceleration project which consist of 10.000 MW and followed by 35.000 MW or known as Mega Project in encouraging economic growth, investment, and industrial equity. In substance, this study identifies relevant financial factors during the infrastructure acceleration project period to measure the company’s financial health in continuing the mega project which is included in Electricity Supply Business Plan issued by the Ministry of Energy and Mineral Resources. Using mixed-method, we analyze the company’s financial health based on financial aspect health indicators issued by the Ministry of State-Owned Enterprises. Factors like sales growth, debt ratio, fixed asset ratio and cost management are evidently crucial to formulate strategic planning through pro forma financial statements in this case study.