Klasifikasi Peringkat Obligasi

Lampiran 1 Klasifikasi Peringkat Obligasi Peringkat Obligasi Klasifikasi Peringkat Kategori Peringkat AAA AA+ AA AA- A+ A 18 Investment 17 Investment 16 Investment 15 Investment 14 Investment 13 Investment A- BBB+ BBB BBB- BB+ BB BB- B+ B B- CCC D / SD 12 Investment 11 Investment 10 Investment 9 Investment 8 Speculative 7 Speculative 6 Speculative 5 Speculative 4 Speculative 3 Speculative 2 Speculative 1 Speculative Sumber: Christina et al., 2010 dengan modifikasi

Lampiran 2 Kriteria Pemilihan Sampel Perusahaan dan Obligasinya NO KODE Kriteria Sampel Sampel NAMA PERUSAHAAN STATUS SAHAM 1 2 3 4 5 6* 1 AALI ASTRA AGRO LESTARI TBK TETAP X 2 ACES ACE HARDWARE INDONESIA TBK TETAP X 3 ADHI ADHI KARYA (PERSERO) TBK TETAP X X 4 ADRO ADARO ENERGY TBK TETAP X 5 AISA TIGA PILAR SEJAHTERA FOOD TBK TETAP X 6 AKRA AKR CORPORINDO TBK TETAP 1 7 ANTM ANEKA TAMBANG (PERSERO) TBK TETAP X 8 APIC PASIFIC STRATEGIC FINANCIAL TETAP X X 9 APLN AGUNG PODOMORO LAND TBK TETAP 2 10 ASII ASTRA INTERNATIONAL TBK TETAP X 11 ASRI ALAM SUTERA REALTY TBK TETAP X 12 AUTO ASTRA OTOPART BARU X X 13 BAJA SARANA CENTRAL BAJATAMA TBK TETAP X 14 BBCA BANK CENTRAL ASIA TBK TETAP X 15 BBKP BANK BUKOPIN TBK TETAP 3 16 BBNI BANK NEGARA INDONESIA (PERSERO) TBK TETAP X 17 BBRI BANK RAKYAT INDONESIA (PERSERO) TBK TETAP X X 18 BBTN BANK TABUNGAN NEGARA (PERSERO) TBK TETAP 4 19 BDMN BANK DANAMON TBK TETAP 5 20 BEST BEKASI FAJAR INDUSTRIAL ESTATE TBK TETAP X 21 BHIT BHAKTI INVESTAMA TBK TETAP X 22 BIPI BIPI PETROLEUM ENERGY TBK TETAP X 23 BJBR BANK PEMBANGUNAN JAWA BARAT & BANTEN TETAP 6 24 BJTM BANK PEMBANGUNAN JAWA TIMUR TBK TETAP X 25 BKSL SENTUL CITY TBK TETAP X 26 BMRI BANK MANDIRI (PERSERO) TBK TETAP 7 27 BMTR GLOBAL MEDIACOM TBK TETAP 8 28 BRMS BUMI RESOURCES MINERALS TBK TETAP X X 29 BSDE BUMI SERPONG DAMAI TBK TETAP x 30 BUMI BUMI RESOURCES TBK BARU X X 31 BWPT BW PLANTATIONS TBK TETAP 9 32 CNKO EKSPLOITASI ENERGI INDONESIA TBK TETAP X 33 COWL COWELL DEVELOPMENT TBK BARU X X 34 CPIN CHAROEN POKHPAND TBK TETAP X 35 CTRA CIPUTRA DEVELOPMENT TBK TETAP X 36 CTRP CIPUTRA PROPERTY TBK TETAP X X 37 DILD INTILAND DEVELOPMENT TBK TETAP X 38 ENRG ENERGI MEGA PERSADA TBK TETAP X 39 ERAA ERAJAYA SWASEMBADA TBK TETAP X 40 EXCL XL AXIATA TBK TETAP X 41 GGRM GUDANG GARAM TBK TETAP X 42 GJTL GAJAH TUNGGAL TBK TETAP X 43 HRUM HARUM ENERGY TBK TETAP X 44 ICBP INDOFOOD CBP SUKSES MAKMUR TBK TETAP X 45 INCO VALE INDONESIA TBK TETAP X 46 INDF INDOFOOD SUKSES MAKMUR TBK TETAP 10 47 INDY INDIKA ENERGY TBK TETAP X 48 INKP INDAH KIAT PULP AND PAPER TBK BARU X X 49 INTP INDOCEMENT TUNGGAL PRAKASA TBK TETAP X 50 ISAT INDOSAT TBK TETAP 11 51 ITMG INDO TAMBANGRAYA MEGAH TBK TETAP X

52 JPFA JAPFA COMFEED INDONESIA TBK TETAP 12 53 JSMR JASA MARGA (PERSERO) TBK TETAP 13 54 KIJA KAWASAN INDUSTRI JABABEKA TBK TETAP X 55 KLBF KALBE FARMA TBK TETAP X 56 LCGP LAGUNA CIPTA GRIYA TBK TETAP X 57 LPCK LIPPO CIKARANG TBK TETAP X 58 LPKR LIPPO KARAWACI TBK TETAP X 59 LPPF MATAHARI DEPARTEMENT STORE TETAP X 60 LSIP PP LONDON SUMATERA PLANTATIONS TBK TETAP X 61 MAIN MALINDO FEEDMIL TBK TETAP X 62 MAPI MITRA ADIPERKASA TBK TETAP 14 63 MDLN MODERNLAND REALTY LTD TBK TETAP 15 64 MEDC MEDCO ENERGI INTERNATIONAL TBK TETAP X 65 META NUSANTARA INFRASTRUCTURE TBK TETAP X 66 MLPL MULTIPOLAR TBK TETAP X X 67 MNCN MEDIA NUSANTARA CITRA TBK TETAP X 68 MPPA MATAHARI PUTRA PRIMA TBK TETAP X X 69 MYRX HANSON INTERNASIONAL TBK TETAP X 70 NIRO NIRVANA DEVELOPMENT TBK TETAP X 71 PGAS PERUSAHAAN GAS NEGARA (PERSERO) TBK TETAP X 72 PNBN BANK PAN INDONESIA TBK TETAP 16 73 PNLF PANIN LIFE TBK TETAP X 74 PTBA TAMBANG BATUBARA BUKIT ASAM (PERSERO) TBK TETAP X 75 PTPP PP (PERSERO) TBK TETAP X 76 PWON PAKUWON JATI TBK TETAP X 77 RALS RAMAYANA LESTARI SENTOSA TBK TETAP X X 78 SAME SARANA MEDIATAMA METROPOLITAN TBK TETAP X 79 SCMA SURYA CITRA MEDIA TBK TETAP X 80 SILO SILOAM INTERNATIONAL HOSPITALS BARU X 81 SIMP SALIM IVOMAS TBK TETAP 17 82 SMBC HOLCIM INDONESIA TBK TETAP X 83 SMGR SEMEN GRESIK INDONESIA (PERSERO) TBK TETAP X 84 SMRA SUMMARECON AGUNG TBK TETAP 18 85 SRIL SRI REJEKI ISMAN TBK BARU X 86 SSIA SURYA SEMESTA INTERNUSA TBK TETAP 19 87 SSMS SAWIT SUMBERMAS SARANA TBK BARU X 88 SUGI SUGIH ENERGY TBK TETAP X 89 TAXI EXPRESS TRASINDO UTAMA TBK TETAP X 90 TBIG TOWER BERSAMA INFRASTRUCTURE TBK TETAP X 91 TIFA TIFA FINANCE TBK BARU X 92 TINS TIMAH (PERSERO) TBK TETAP X 93 TLKM TELEKOMUNIKASI INDONESIA (PERSERO) TBK TETAP 20 94 TMPI AGIS TBK TETAP X X 95 TOTL TOTAL BANGUN PERSADA TBK TETAP X X 96 UNTR UNITED TRACTORS TBK TETAP X 97 UNVR UNILEVER INDONESIA TBK TETAP X 98 VIVA VISI MEDIA ASIA TBK TETAP X 99 WIKA WIJAYA KARYA (PERSERO) TBK TETAP X X 100 WSKT WASKITA KARYA (PERSERO) TETAP X Ket: Kriteria sampel dapat dilihat pada halaman 52

Jumlah Obligasi Perusahaan Sampel NO KODE SAHAM SAMPEL PERUSAHAAN TOTAL OBLIGASI AKHIR TAHUN NAMA PERUSAHAAN 2012 2013 2014 TOTAL OBLIGASI 1 AKRA AKR CORPORINDO TBK 2 2 2 6 2 APLN AGUNG PODOMORO LAND TBK 3 4 5 12 3 BBKP BANK BUKOPIN TBK 1 1 1 3 4 BBTN BANK TABUNGAN NEGARA (PERSERO) TBK 6 6 5 17 5 BDMN BANK TABUNGAN NEGARA (PERSERO) TBK 2 2 1 5 6 BJBR BANK PEMBANGUNAN JAWA BARAT & BANTEN 4 4 2 10 7 BMRI BANK MANDIRI (PERSERO) TBK 1 1 1 3 8 BMTR GLOBAL MEDIACOM TBK 2 2 2 6 9 BWPT BW PLANTATIONS TBK 1 1 1 3 10 INDF INDOFOOD SUKSES MAKMUR TBK 2 2 2 6 11 ISAT INDOSAT TBK 13 11 16 40 12 JPFA JAPFA COMFEED INDONESIA TBK 2 2 2 6 13 JSMR JASA MARGA (PERSERO) TBK 5 6 7 18 14 MAPI MITRA ADIPERKASA TBK 6 4 8 18 15 MDLN MODERNLAND REALTY LTD TBK 2 2 2 6 16 PNBN BANK PAN INDONESIA TBK 7 6 5 18 17 SIMP SALIM IVOMAS TBK 2 2 2 6 18 SMRA SUMMARECON AGUNG TBK 2 2 4 8 19 SSIA SURYA SEMESTA INTERNUSA TBK 2 2 2 6 20 TLKM TELEKOMUNIKASI INDONESIA (PERSERO) TBK 2 2 2 6 TOTAL OBLIGASI SYARIAH PER AKHIR TAHUN (9) (7) (10) (26) TOTAL SAMPEL OBLIGASI PERUSAHAAN 58 57 62 177 6*: kriteria sampel: Obligasi tidak termasuk Obligasi Syariah.

Lampiran 3: Daftar Sampel Obligasi Perusahaan (2012-2014) KODE OBLIGASI KODE SAHAM NAMA PERUSAHAAN TAHUN OBLIGASI 001 2012 BOND I SERIES A YEAR 2012 002 2012 BOND I SERIES B YEAR 2012 003 AKR 2013 BOND I SERIES A YEAR 2012 AKRA 004 CORPORINDO 2013 BOND I SERIES B YEAR 2012 005 2014 BOND I SERIES A YEAR 2012 006 2014 BOND I SERIES B YEAR 2012 007 2012 BOND I SERIES A YEAR 2011 008 2012 BOND I SERIES B YEAR 2011 009 2012 BOND II YEAR 2012 010 2013 BOND I SERIES A YEAR 2011 011 2013 BOND I SERIES B YEAR 2011 012 AGUNG 2013 BOND II YEAR 2012 APLN PODOMORO 013 LAND TBK 2013 SHELF REGISTRATION BOND I PHASE I YEAR 2013 014 2014 OBLIGASI I SERI B TAHUN 2011 015 2014 OBLIGASI II TAHUN 2012 016 2014 OBLIGASI BERKELANJUTAN I TAHAP I TAHUN 2013 017 2014 OBLIGASI BERKELANJUTAN I TAHAP II TAHUN 2014 018 2014 OBLIGASI BERKELANJUTAN I TAHAP III TAHUN 2014 019 2012 SHELF REGISTRATION SUBORDINATED BOND I PHASE I YEAR 2012 020 BBKP BANK BUKOPIN TBK 2013 021 2014 SHELF REGISTRATION SUBORDINATED BOND I PHASE I YEAR 2012 SHELF REGISTRATION SUBORDINATED BOND I PHASE I YEAR 2012 022 2012 BOND XII YEAR 2006 023 BBTN BANK TABUNGAN 2012 BOND XIII SERIES B YEAR 2009 024 NEGARA (PERSERO) 2012 BOND XIII SERIES C YEAR 2009

025 TBK 2012 BOND XIV YEAR 2010 026 2012 BOND XV YEAR 2011 027 2012 SHELF REGISTRATION BOND I PHASE I YEAR 2012 028 2013 BOND XII YEAR 2006 029 2013 BOND XIII SERIES C YEAR 2009 030 2013 BOND XIV YEAR 2010 031 2013 BOND XV YEAR 2011 032 2013 SHELF REGISTRATION BOND I PHASE I YEAR 2012 033 2013 SHELF REGISTRATION BOND I PHASE II YEAR 2013 034 2014 BOND XII YEAR 2006 035 2014 BOND XIV YEAR 2010 036 2014 BOND XV YEAR 2011 037 2014 SHELF REGISTRATION BOND I PHASE I YEAR 2012 038 2014 SHELF REGISTRATION BOND I PHASE II YEAR 2013 039 2012 BOND II SERIES A YEAR 2010 040 041 042 BDMN BANK DANAMON INDONESIA TBK 2012 2013 2013 BOND II SERIES B YEAR 2010 BOND II SERIES A YEAR 2010 (MATURED) BOND II SERIES B YEAR 2010 043 2014 BOND II SERIES B YEAR 2010 044 2012 BOND VI SERIES B YEAR 2009 045 2012 BOND VII SERIES A YEAR 2011 046 2012 BOND VII SERIES B YEAR 2011 047 2012 BOND VII SERIES C YEAR 2011 048 BANK PEMBANGUN 2013 BOND VI SERIES B YEAR 2009 BJBR AN JAWA 049 BARAT & BANTEN 2013 BOND VII SERIES A YEAR 2011 050 2013 BOND VII SERIES B YEAR 2011 051 2013 BOND VII SERIES C YEAR 2011 052 2014 BOND VII SERIES B YEAR 2011 053 2014 BOND VII SERIES C YEAR 2011

054 BANK 2012 SUB ORDINATED BOND I YEAR 2009 055 BMRI MANDIRI (PERSERO) 2013 SUB ORDINATED BOND I YEAR 2009 056 TBK 2014 OBLIGASI SUBORDINASI I TAHUN 2009 057 2012 BOND I SERIES A YEAR 2012 058 2012 BOND I SERIES B YEAR 2012 059 GLOBAL 2013 BOND I SERIES A YEAR 2012 BMTR MEDIACOM 060 TBK 2013 BOND I SERIES B YEAR 2012 061 2014 BOND I SERIES A YEAR 2012 062 2014 BOND I SERIES B YEAR 2012 063 2012 BOND I YEAR 2010 BW 064 BWPT PLANTATIONS 2013 BOND I YEAR 2010 TBK 065 2014 OBLIGASI I TAHUN 2010 066 2012 BOND V YEAR 2008 067 2012 BOND VI YEAR 068 INDOFOOD 2013 BOND V YEAR 2009 INDF SUKSES 069 MAKMUR.. 2013 BOND VI YEAR 2012 070 2014 BOND VI YEAR 2012 071 2014 BOND VII YEAR 2014 072 2012 BOND V SERIES A YEAR 2007 073 2012 BOND V SERIES B YEAR 2007 074 2012 BOND VI SERIES A YEAR 2008 075 2012 BOND VI SERIES B YEAR 2008 076 2012 BOND VII SERIES A YEAR 2009 077 ISAT INDOSAT TBK 2012 BOND VII SERIES B YEAR 2009 078 2012 BOND VIII SERIES A YEAR 2012 079 2012 BOND VIII SERIES B YEAR 2012 080 2013 BOND V SERIES A YEAR 2007 081 2013 BOND V SERIES B YEAR 2007 082 2013 BOND VI SERIES B YEAR 2008

083 2013 BOND VII SERIES A YEAR 2009 084 2013 BOND VII SERIES B YEAR 2009 085 2013 BOND VIII SERIES A YEAR 2012 086 2013 BOND VIII SERIES B YEAR 2012 087 2014 BOND V SERIES B YEAR 2007 088 2014 BOND VI SERIES B YEAR 2008 089 2014 BOND VII SERIES A YEAR 2009 (jatuh tempo) 090 2014 BOND VII SERIES B YEAR 2009 091 2014 BOND VIII SERIES A YEAR 2012 092 2014 BOND VIII SERIES B YEAR 2012 093 2014 SHELF REGISTRATION BOND I PHASE I SERIES A YEAR 2014 094 2014 SHELF REGISTRATION BOND I PHASE I SERIES B YEAR 2014 095 2014 SHELF REGISTRATION BOND I PHASE I SERIES C YEAR 2014 096 2014 SHELF REGISTRATION BOND I PHASE I SERIES D YEAR 2014 097 2012 SHELF REGISTRATION BOND I PHASE I YEAR 2012 098 2012 SHELF REGISTRATION BOND I PHASE II YEAR 2012 JAPFA 099 2013 SHELF REGISTRATION BOND I PHASE I YEAR 2012 COMFEED JPFA INDONESIA 100 2013 SHELF REGISTRATION BOND I PHASE II YEAR 2012 TBK 101 2014 SHELF REGISTRATION BOND I PHASE I YEAR 2012 102 2014 SHELF REGISTRATION BOND I PHASE II YEAR 2012 103 2012 BOND XI SERIES P YEAR 2003 104 2012 BOND XII SERIES Q YEAR 2006 105 2012 BOND XIII SERIES R YEAR 2007 106 2012 BOND XIV SERIES JM-10 YEAR 2010 107 108 JASA MARGA JSMR (PERSERO) TBK 2012 2013 BOND I SERIES JM-10 YEAR 2010 BOND XII SERIES Q YEAR 2006 109 2013 BOND XIII SERIES R YEAR 2007 110 2013 BOND XIV SERIES JM-10 YEAR 2010 111 2013 SHELF REGISTRATION BOND I PHASE I SERIES S SERIES A YEAR 2013

112 2013 113 2013 SHELF REGISTRATION BOND I PHASE I SERIES S SERIES B YEAR 2013 SHELF REGISTRATION BOND I PHASE I SERIES S SERIES C YEAR 2013 114 2014 BOND XII SERIES Q YEAR 2006 115 2014 BOND XIII SERIES R YEAR 2007 116 2014 BOND XIV SERIES JM-10 YEAR 2010 117 2014 118 2014 119 2014 SHELF REGISTRATION BOND I PHASE I SERIES S SERIES A YEAR 2013 (matured) SHELF REGISTRATION BOND I PHASE I SERIES S SERIES B YEAR 2013 SHELF REGISTRATION BOND I PHASE I SERIES S SERIES C YEAR 2013 120 2014 SHELF REGISTRATION BOND I PHASE I SERIES T YEAR 2014 121 2012 BOND I SERIES A YEAR 2009 (matured) 122 2012 BOND I SERIES B YEAR 2009 123 2012 SHELF REGISTRATION BOND I PHASE I SERIES A YEAR 2012 124 2012 SHELF REGISTRATION BOND I PHASE I SERIES B YEAR 2012 125 2013 BOND I SERIES B YEAR 2009 126 2013 SHELF REGISTRATION BOND I PHASE I SERIES A YEAR 2012 127 MITRA 2013 SHELF REGISTRATION BOND I PHASE I SERIES B YEAR 2012 MAPI ADIPERKASA 128 TBK 2014 BOND I SERIES B YEAR 2009 (matured) 129 2014 SHELF REGISTRATION BOND I PHASE I SERIES A YEAR 2012 130 2014 SHELF REGISTRATION BOND I PHASE I SERIES B YEAR 2012 131 2014 SHELF REGISTRATION BOND I PHASE II SERIES A YEAR 2014 132 2014 SHELF REGISTRATION BOND I PHASE II SERIES B YEAR 2014 133 2014 SHELF REGISTRATION BOND I PHASE III SERIES A YEAR 2014 134 2014 SHELF REGISTRATION BOND I PHASE III SERIES B YEAR 2014 135 2012 BOND II YEAR 2012 SERIES A 136 MODERNLAN 2012 BOND II YEAR 2012 SERIES B MDLN D REALTY LTD 137 TBK 2013 BOND II YEAR 2012 SERIES A 138 2013 BOND II YEAR 2012 SERIES B

139 2014 BOND II YEAR 2012 SERIES A 140 2014 BOND II YEAR 2012 SERIES B 141 2012 BOND II SERIES C YEAR 2007 142 2012 BOND III YEAR 2009 143 2012 SUBORDINATED BOND II YEAR 2008 144 2012 BOND IV YEAR 2010 145 2012 SUBORDINATED BOND III YEAR 2010 146 2012 SHELF REGISTRATION BOND I YEAR 2012 147 2012 SHELF REGISTRATION SUB-DEBT I YEARV 2012 148 2013 BOND II SERIES C YEAR 2007 149 BANK PAN 2013 BOND III YEAR 2009 PNBN INDONESIA 150 TBK 2013 BOND IV YEAR 2010 151 2013 SUBORDINATED BOND III YEAR 2010 152 2013 SHELF REGISTRATION BOND I YEAR 2012 153 2013 SHELF REGISTRATION SUB-DEBT I YEAR 2012 154 2014 BOND III YEAR 2009 (matured) 155 2014 BOND IV YEAR 2010 156 2014 SUBORDINATED BOND III YEAR 2010 157 2014 SHELF REGISTRATION BOND I YEAR 2012 158 2014 SHELF REGISTRATION SUB-DEBT I YEAR 2012 159 2012 BOND I YEAR 2010 160 SIMP SALIM IVOMAS TBK 2013 BOND I YEAR 2010 161 2014 BOND I YEAR 2010 (matured) 162 2012 BOND II YEAR 2008 163 2013 SHELF REGISTRATION BOND I PHASE I YEAR 2013 SUMMARECO SMRA N AGUNG TBK 164 2014 SHELF REGISTRATION BOND I PHASE I YEAR 2013 165 2014 SHELF REGISTRATION BOND I PHASE II YEAR 2013 166 2012 BOND I SERIES A YEAR 2012 SURYA SSIA SEMESTA 167 2012 BOND I SERIES B YEAR 2012 INTERNUSA

168 TBK 2013 BOND I SERIES A YEAR 2012 169 2013 BOND I SERIES B YEAR 2012 170 2014 BOND I SERIES A YEAR 2012 171 2014 BOND I SERIES B YEAR 2012 172 2012 BOND II SERIES A YEAR 2010 173 2012 BOND II SERIES B YEAR 2010 174 TELEKOMUNIK ASI 2013 BOND II SERIES A YEAR 2010 TLKM INDONESIA 175 (PERSERO) TBK 2013 BOND II SERIES B YEAR 2010 176 2014 BOND II SERIES A YEAR 2010 177 2014 BOND II SERIES B YEAR 2010

Lampiran 4 Hasil Tabulasi Data NO KODE SAHAM KEWAJIBAN PAJAK TANGGUHAN AKTIVA PAJAK TANGGUHAN TOTAL ASET LABA AKUNTANSI LABA FISKAL KEWAJIBAN PAJAK TANGGUHAN PER TOTAL ASET ASET PAJAK TANGGUHAN PER TOTAL ASET LABA FISKAL PER LABA AKUNTANSI LOG NATURAL TOTAL ASET 1 AKRA 22,146,669,000 65,491,392,000 8,417,862,992,000 749,941,149,000 711,322,589,000 0.00263 0.00778 0.94850 29.76138 2 AKRA 27,891,824,000 70,087,745,000 11,787,524,999,000 809,682,380,000 775,277,795,000 0.00237 0.00595 0.95751 30.09806 3 AKRA 56,742,590,000 103,134,210,000 14,633,141,381,000 733,052,865,000 515,891,377,000 0.00388 0.00705 0.70376 30.31431 4 APLN 0 2,019,389,000 10,383,820,997,000 888,230,223,000 1,001,363,444,000 0.00000 0.00019 1.12737 29.97127 5 APLN 83,071,000 5,873,750,000 15,195,642,352,000 1,097,546,731,000 1,040,109,072,000 0.00001 0.00039 0.94767 30.35203 6 APLN 170,219,000 29,277,608,000 19,679,908,990,000 1,117,175,519,000 1,081,006,928,000 0.00001 0.00149 0.96762 30.61062 7 BBKP 0 73,398,000,000 57,183,463,000,000 940,404,000,000 905,883,000,000 0.00000 0.00128 0.96329 31.67729 8 BBKP 0 74,338,000,000 65,889,830,000,000 1,059,370,000,000 1,096,448,000,000 0.00000 0.00113 1.03500 31.81901 9 BBKP 0 67,198,000,000 69,457,663,000,000 1,193,605,000,000 1,132,298,000,000 0.00000 0.00097 0.94864 31.87174 10 BBTN 0 58,188,000,000 89,121,459,000,000 1,522,260,000,000 1,571,342,000,000 0.00000 0.00065 1.03224 32.12102 11 BBTN 45,009,000,000 0 111,748,593,000,000 1,863,202,000,000 1,547,808,000,000 0.00040 0.00000 0.83072 32.34727 12 BBTN 152,777,000,000 0 131,169,730,000,000 2,140,771,000,000 1,721,290,000,000 0.00116 0.00000 0.80405 32.50751 13 BDMN 403,744,000,000 965,922,000,000 142,292,206,000,000 4,551,581,000,000 1,939,584,000,000 0.00284 0.00679 0.42613 32.58890 14 BDMN 400,644,000,000 903,123,000,000 155,791,308,000,000 5,486,679,000,000 2,920,076,000,000 0.00257 0.00580 0.53221 32.67954 15 BDMN 347,424,000,000 1,022,111,000,000 184,237,348,000,000 5,530,213,000,000 3,123,871,000,000 0.00189 0.00555 0.56487 32.84725 16 BJBR 0 37,174,000,000 58,448,658,000,000 1,319,816,000,000 1,347,917,000,000 0.00000 0.00064 1.02129 31.69917 17 BJBR 32,650,000,000 3,635,000,000 70,840,878,000,000 1,512,499,000,000 1,231,407,000,000 0.00046 0.00005 0.81415 31.89146 18 BJBR 23,971,000,000 5,819,000,000 70,958,233,000,000 1,752,879,000,000 1,877,238,000,000 0.00034 0.00008 1.07095 31.89311 19 BMRI 0 3,800,412,000,000 551,891,704,000,000 16,512,035,000,000 13,095,534,000,000 0.00000 0.00689 0.79309 33.94437 20 BMRI 0 3,966,613,000,000 635,618,708,000,000 20,504,268,000,000 19,531,694,000,000 0.00000 0.00624 0.95257 34.08562 21 BMRI 0 4,322,498,000,000 733,099,762,000,000 24,061,837,000,000 22,643,911,000,000 0.00000 0.00590 0.94107 34.22830 22 BMTR 125,843,000,000 86,385,000,000 15,111,603,000,000 1,596,535,000,000 23,942,000,000 0.00833 0.00572 0.01500 30.34648 23 BMTR 128,860,000,000 68,126,000,000 19,995,526,000,000 2,561,391,000,000 153,446,000,000 0.00644 0.00341 0.05991 30.62653 24 BMTR 13,841,000,000 101,199,000,000 21,069,471,000,000 1,511,463,000,000 18,096,000,000 0.00066 0.00480 0.01197 30.67885 25 BWPT 5,605,763,000 18,205,883,000 3,589,031,806,000 429,924,860,000 74,106,357,000 0.00156 0.00507 0.17237 28.90890 26 BWPT 27,102,816,000 40,892,643,000 4,912,982,787,000 351,413,724,000 74,232,975,000 0.00552 0.00832 0.21124 29.22290 27 BWPT 33,509,510,000 62,169,187,000 6,200,427,308,000 254,896,273,000-32,558,376,000 0.00540 0.01003-0.12773 29.45564 28 INDF 1,470,720,000,000 669,810,000,000 53,715,950,000,000 6,352,389,000,000 461,024,000,000 0.02738 0.01247 0.07257 31.61473 29 INDF 1,362,434,000,000 904,782,000,000 59,389,405,000,000 6,319,960,000,000 1,117,666,000,000 0.02294 0.01523 0.17685 31.71514 30 INDF 1,278,384,000,000 1,249,370,000,000 78,092,789,000,000 4,666,958,000,000 179,248,000,000 0.01637 0.01600 0.03841 31.98892 31 ISAT 1,956,352,000,000 113,812,000,000 53,233,012,000,000 1,331,357,000,000 461,024,000,000 0.03675 0.00214 0.34628 31.60570 32 ISAT 1,684,270,000,000 100,639,000,000 55,225,061,000,000 461,618,000,000 1,117,666,000,000 0.03050 0.00182 2.42119 31.64244 33 ISAT 893,285,000,000 96,075,000,000 54,520,891,000,000-3,333,837,000,000 179,248,000,000 0.01638 0.00176-0.05377 31.62961 34 JPFA 34,270,000,000 73,382,000,000 8,266,417,000,000 872,309,000,000 528,422,000,000 0.00415 0.00888 0.60577 29.74322 35 JPFA 34,431,000,000 113,819,000,000 10,961,464,000,000 1,364,891,000,000 862,933,000,000 0.00314 0.01038 0.63224 30.02541 36 JPFA 13,201,000,000 94,636,000,000 14,917,590,000,000 895,947,000,000 740,069,000,000 0.00088 0.00634 0.82602 30.33356 37 JSMR 422,310,725,000 0 20,915,890,567,000 1,590,175,158,000 1,285,639,000,000 0.02019 0.00000 0.80849 30.67153 38 JSMR 466,565,928,000 0 24,753,551,441,000 2,055,256,702,000 1,881,453,323,000 0.01885 0.00000 0.91543 30.83999 39 JSMR 522,668,019,000 0 28,366,345,328,000 1,714,655,142,000 1,679,519,797,000 0.01843 0.00000 0.97951 30.97622 40 MAPI 38,275,016,000 34,684,338,000 4,415,342,528,000 484,571,847,000 134,537,723,000 0.00867 0.00786 0.27764 29.11611 41 MAPI 45,582,833,000 27,131,554,000 5,990,586,903,000 597,637,801,000 103,822,055,000 0.00761 0.00453 0.17372 29.42121 42 MAPI 56,179,485,000 18,433,099,000 7,808,299,570,000 485,106,683,000 158,868,249,000 0.00719 0.00236 0.32749 29.68621 43 MDLN 111,720,396 27,911,533 2,526,029,716,477 98,215,038,211 7,700,202,725 0.00004 0.00001 0.07840 28.55767 44 MDLN 0 4,601,227,700 4,591,920,046,013 311,607,099,170 8,141,300,800 0.00000 0.00100 0.02613 29.15532 45 MDLN 89,079,023,215 165,619,322 9,647,813,079,565 2,548,597,657,571 9,479,606,831 0.00923 0.00002 0.00372 29.89775 46 PNBN 0 53,590,000,000 124,755,428,000,000 2,736,366,000,000 2,240,007,000,000 0.00000 0.00043 0.81861 32.45738 47 PNBN 0 96,958,000,000 148,792,615,000,000 3,042,464,000,000 2,716,787,000,000 0.00000 0.00065 0.89296 32.63357 48 PNBN 0 209,845,000,000 164,055,578,000,000 3,252,163,000,000 2,895,606,000,000 0.00000 0.00128 0.89036 32.73123 49 SIMP 604,772,000,000 472,988,000,000 25,510,399,000,000 2,911,994,000,000 850,049,000,000 0.02371 0.01854 0.29191 30.87011 50 SIMP 546,826,000,000 657,095,000,000 26,574,461,000,000 2,012,037,000,000 1,099,779,000,000 0.02058 0.02473 0.54660 30.91097 51 SIMP 508,795,000,000 907,860,000,000 28,065,121,000,000 934,368,000,000 799,576,000,000 0.01813 0.03235 0.85574 30.96555 52 SMRA 1,460,610,000 4,762,822,000 8,099,174,681,000 530,915,731,000 8,361,654,000 0.00018 0.00059 0.01575 29.72278 53 SMRA 1,364,521,000 9,260,769,000 10,876,386,685,000 986,394,703,000 9,651,855,000 0.00013 0.00085 0.00978 30.01762 54 SMRA 1,156,949,000 11,833,903,000 13,659,136,825,000 1,319,424,341,000 9,906,209,000 0.00008 0.00087 0.00751 30.24543 55 SSIA 34,257,723,092 12,971,283,869 2,937,938,049,768 385,089,514,791-11,361,274,708 0.01166 0.00442-0.02950 28.70873 56 SSIA 38,818,238,166 15,213,438,312 4,854,633,414,808 877,962,947,639-21,117,991,129 0.00800 0.00313-0.02405 29.21095 57 SSIA 42,220,615,691 16,967,982,701 5,814,435,113,331 906,928,927,108-80,946,465,876 0.00726 0.00292-0.08925 29.39136 58 TLKM 3,794,000,000,000 67,000,000,000 103,054,000,000,000 20,857,000,000,000 3,568,000,000,000 0.03682 0.00065 0.17107 32.26627 59 TLKM 3,059,000,000,000 89,000,000,000 111,369,000,000,000 24,228,000,000,000 6,628,000,000,000 0.02747 0.00080 0.27357 32.34387 60 TLKM 3,004,000,000,000 82,000,000,000 127,951,000,000,000 27,149,000,000,000 4,240,000,000,000 0.02348 0.00064 0.15618 32.48267

KODE OBLIGASI PERINGKAT RATING LPDT LNDT LTB STB ASSETS 001 AA- 15 0 1 0 0 29.76138 002 AA- 15 0 1 0 0 29.76138 003 AA- 15 0 0 1 0 30.09806 004 AA- 15 0 0 1 0 30.09806 005 AA- 15 0 0 1 0 30.31431 006 AA- 15 0 0 1 0 30.31431 007 A 13 0 0 1 0 29.97127 008 A 13 0 0 1 0 29.97127 009 A 13 0 0 1 0 29.97127 010 A 13 0 0 0 0 30.35203 011 A 13 0 0 0 0 30.35203 012 A 13 0 0 0 0 30.35203 013 A 13 0 0 0 0 30.35203 014 A 13 0 0 1 0 30.61062 015 A 13 0 0 1 0 30.61062 016 A 13 0 0 1 0 30.61062 017 A 13 0 0 1 0 30.61062 018 A 13 0 0 1 0 30.61062 019 A 13 0 0 1 0 31.67729 020 A 13 0 0 1 0 31.81901 021 A 13 0 0 1 0 31.87174 022 AA 16 0 0 1 0 32.12102 023 AA 16 0 0 1 0 32.12102 024 AA 16 0 0 1 0 32.12102 025 AA 16 0 0 1 0 32.12102 026 AA 16 0 0 1 0 32.12102 027 AA 16 0 0 1 0 32.12102 028 AA 16 0 0 0 0 32.34727 029 AA 16 0 0 0 0 32.34727 030 AA 16 0 0 0 0 32.34727 031 AA 16 0 0 0 0 32.34727 032 AA 16 0 0 0 0 32.34727 033 AA 16 0 0 0 0 32.34727 034 AA 16 0 0 0 0 32.50751 035 AA 16 0 0 0 0 32.50751 036 AA 16 0 0 Universitas 0 Sumatera 0 Utara 32.50751 037 AA 16 0 0 0 0 32.50751 038 AA 16 0 0 0 0 32.50751

056 AA+ 17 0 0 0 0 34.22830 057 A+ 14 0 0 0 1 30.34648 058 A+ 14 0 0 0 1 30.34648 059 A+ 14 0 0 0 0 30.62653 060 A+ 14 0 0 0 0 30.62653 061 A+ 14 0 0 0 1 30.67885 062 A+ 14 0 0 0 1 30.67885 063 A- 12 0 0 0 0 28.90890 064 BBB+ 11 0 1 0 0 29.22290 065 BBB+ 11 0 1 0 1 29.45564 066 AA+ 17 1 1 0 0 31.61473 067 AA+ 17 1 1 0 0 31.61473 068 AA+ 17 1 1 0 0 31.71514 069 AA+ 17 1 1 0 0 31.71514 070 AA+ 17 0 1 0 0 31.98892 071 AA+ 17 0 1 0 0 31.98892 072 AA+ 17 1 0 0 0 31.60570 073 AA+ 17 1 0 0 0 31.60570 074 AA+ 17 1 0 0 0 31.60570 075 AA+ 17 1 0 0 0 31.60570 076 AA+ 17 1 0 0 0 31.60570 077 AA+ 17 1 0 0 0 31.60570 078 AA+ 17 1 0 0 0 31.60570 079 AA+ 17 1 0 0 0 31.60570 080 AA+ 17 1 0 1 0 31.64244 081 AA+ 17 1 0 1 0 31.64244 082 AA+ 17 1 0 1 0 31.64244 083 AA+ 17 1 0 1 0 31.64244 084 AA+ 17 1 0 1 0 31.64244 085 AA+ 17 1 0 1 0 31.64244 086 AA+ 17 1 0 1 0 31.64244 087 AAA 18 0 0 0 1 31.62961 088 AAA 18 0 0 0 1 31.62961 089 AAA 18 0 0 0 1 31.62961 090 AAA 18 0 0 0 1 31.62961 091 AAA 18 0 0 0 1 31.62961 092 AAA 18 0 0 0 1 31.62961 093 AAA 18 0 0 0 1 31.62961 094 AAA 18 0 0 0 1 31.62961 095 AAA 18 0 0 0 1 31.62961 096 AAA 18 0 0 0 1 31.62961 097 A 13 0 1 0 0 29.74322 098 A 13 0 1 0 0 29.74322 099 A+ 14 0 1 0 0 30.02541 100 A+ 14 0 1 0 0 30.02541 101 A+ 14 0 0 0 0 30.33356 102 A+ 14 0 0 0 0 30.33356 103 AA 16 1 0 0 0 30.67153 104 AA 16 1 0 0 0 30.67153 105 AA 16 1 0 0 0 30.67153 106 AA 16 1 0 0 0 30.67153 107 AA 16 1 0 0 0 30.67153 108 AA 16 1 0 0 0 30.83999 109 AA 16 1 0 0 0 30.83999 110 AA 16 1 0 0 0 30.83999

111 AA 16 1 0 0 0 30.83999 112 AA 16 1 0 0 0 30.83999 113 AA 16 1 0 0 0 30.83999 114 AA 16 1 0 1 0 30.97622 115 AA 16 1 0 1 0 30.97622 116 AA 16 1 0 1 0 30.97622 117 AA 16 1 0 1 0 30.97622 118 AA 16 1 0 1 0 30.97622 119 AA 16 1 0 1 0 30.97622 120 AA 16 1 0 1 0 30.97622 121 AA- 15 0 1 0 0 29.11611 122 AA- 15 0 1 0 0 29.11611 123 AA- 15 0 1 0 0 29.11611 124 AA- 15 0 1 0 0 29.11611 125 AA- 15 0 0 0 0 29.42121 126 AA- 15 0 0 0 0 29.42121 127 AA- 15 0 0 0 0 29.42121 128 AA- 15 0 0 0 0 29.68621 129 AA- 15 0 0 0 0 29.68621 130 AA- 15 0 0 0 0 29.68621 131 AA- 15 0 0 0 0 29.68621 132 AA- 15 0 0 0 0 29.68621 133 AA- 15 0 0 0 0 29.68621 134 AA- 15 0 0 0 0 29.68621 135 A- 12 0 0 0 0 28.55767 136 A- 12 0 0 0 0 28.55767 137 A- 12 0 0 0 1 29.15532 138 A- 12 0 0 0 1 29.15532 139 A 12 0 0 0 1 29.89775 140 A 12 0 0 0 1 29.89775 141 AA 16 0 0 0 0 32.45738 142 AA 16 0 0 0 0 32.45738 143 AA- 15 0 0 0 0 32.45738 144 AA 16 0 0 0 0 32.45738 145 AA- 15 0 0 0 0 32.45738 146 AA 16 0 0 0 0 32.45738 147 AA- 15 0 0 0 0 32.45738 148 AA 16 0 0 0 0 32.63357 149 AA 16 0 0 0 0 32.63357 150 AA 16 0 0 0 0 32.63357 151 AA- 15 0 0 0 0 32.63357 152 AA 16 0 0 0 0 32.63357 153 AA- 15 0 0 0 0 32.63357 154 AA 16 0 0 0 0 32.73123 155 AA- 15 0 0 0 0 32.73123 156 AA- 15 0 0 0 0 32.73123 157 AA- 15 0 0 0 0 32.73123 158 AA- 15 0 0 0 0 32.73123 159 AA 16 1 1 0 0 30.87011 160 AA 16 1 1 0 0 30.91097 161 AA 16 0 1 0 0 30.96555 162 A+ 14 0 0 0 1 29.72278 163 A+ 14 0 0 0 1 30.01762 164 A+ 14 0 0 0 1 30.24543 165 A+ 14 0 0 0 1 30.24543 166 A 13 0 0 0 1 28.70873 167 A 13 0 0 0 1 28.70873 168 A 13 0 0 0 1 29.21095 169 A 13 0 0 0 1 29.21095 170 A 13 0 0 0 1 29.39136 171 A 13 0 0 0 1 29.39136 172 AAA 18 1 0 0 0 32.26627 173 AAA 18 1 0 0 0 32.26627 174 AAA 18 1 0 0 0 32.34387 175 AAA 18 1 0 0 0 32.34387 176 AAA 18 1 0 0 0 32.48267 177 AAA 18 1 0 0 0 32.48267

LPDT* KODE KODE KEWAJIBAN PAJAK KEWAJIBAN PAJAK TAHUN TOTAL ASET OBLIGASI SAHAM TANGGUHAN TANGGUHAN PER TOTAL LPDT* 058 TLKM 2011 3,794,000,000,000 103,054,000,000,000 0.03682 1 031 ISAT 2011 1,956,352,000,000 53,233,012,000,000 0.03675 1 032 ISAT 2012 1,684,270,000,000 55,225,061,000,000 0.03050 1 059 TLKM 2012 3,059,000,000,000 111,369,000,000,000 0.02747 1 028 INDF 2011 1,470,720,000,000 53,715,950,000,000 0.02738 1 049 SIMP 2011 604,772,000,000 25,510,399,000,000 0.02371 1 060 TLKM 2013 3,004,000,000,000 127,951,000,000,000 0.02348 1 029 INDF 2012 1,362,434,000,000 59,389,405,000,000 0.02294 1 050 SIMP 2012 546,826,000,000 26,574,461,000,000 0.02058 1 037 JSMR 2011 422,310,725,000 20,915,890,567,000 0.02019 1 038 JSMR 2012 466,565,928,000 24,753,551,441,000 0.01885 1 039 JSMR 2013 522,668,019,000 28,366,345,328,000 0.01843 1 051 SIMP 2013 508,795,000,000 28,065,121,000,000 0.01813 0 033 ISAT 2013 893,285,000,000 54,520,891,000,000 0.01638 0 030 INDF 2013 1,278,384,000,000 78,092,789,000,000 0.01637 0 055 SSIA 2011 34,257,723,092 2,937,938,049,768 0.01166 0 045 MDLN 2013 89,079,023,215 9,647,813,079,565 0.00923 0 040 MAPI 2011 38,275,016,000 4,415,342,528,000 0.00867 0 022 BMTR 2011 125,843,000,000 15,111,603,000,000 0.00833 0 056 SSIA 2012 38,818,238,166 4,854,633,414,808 0.00800 0 041 MAPI 2012 45,582,833,000 5,990,586,903,000 0.00761 0 057 SSIA 2013 42,220,615,691 5,814,435,113,331 0.00726 0 042 MAPI 2013 56,179,485,000 7,808,299,570,000 0.00719 0 023 BMTR 2012 128,860,000,000 19,995,526,000,000 0.00644 0 026 BWPT 2012 27,102,816,000 4,912,982,787,000 0.00552 0 027 BWPT 2013 33,509,510,000 6,200,427,308,000 0.00540 0 034 JPFA 2011 34,270,000,000 8,266,417,000,000 0.00415 0 003 AKRA 2013 56,742,590,000 14,633,141,381,000 0.00388 0 035 JPFA 2012 34,431,000,000 10,961,464,000,000 0.00314 0 013 BDMN 2011 403,744,000,000 142,292,206,000,000 0.00284 0 001 AKRA 2011 22,146,669,000 8,417,862,992,000 0.00263 0 014 BDMN 2012 400,644,000,000 155,791,308,000,000 0.00257 0 002 AKRA 2012 27,891,824,000 11,787,524,999,000 0.00237 0 015 BDMN 2013 347,424,000,000 184,237,348,000,000 0.00189 0 025 BWPT 2011 5,605,763,000 3,589,031,806,000 0.00156 0 012 BBTN 2013 152,777,000,000 131,169,730,000,000 0.00116 0 036 JPFA 2013 13,201,000,000 14,917,590,000,000 0.00088 0 024 BMTR 2013 13,841,000,000 21,069,471,000,000 0.00066 0 017 BJBR 2012 32,650,000,000 70,840,878,000,000 0.00046 0 011 BBTN 2012 45,009,000,000 111,748,593,000,000 0.00040 0 018 BJBR 2013 23,971,000,000 70,958,233,000,000 0.00034 0 052 SMRA 2011 1,460,610,000 8,099,174,681,000 0.00018 0 053 SMRA 2012 1,364,521,000 10,876,386,685,000 0.00013 0 054 SMRA 2013 1,156,949,000 13,659,136,825,000 0.00008 0 043 MDLN 2011 111,720,396 2,526,029,716,477 0.00004 0 006 APLN 2013 170,219,000 19,679,908,990,000 0.00001 0 005 APLN 2012 83,071,000 15,195,642,352,000 0.00001 0 004 APLN 2011 0 10,383,820,997,000 0.00000 0 007 BBKP 2011 0 57,183,463,000,000 0.00000 0 008 BBKP 2012 0 65,889,830,000,000 0.00000 0 009 BBKP 2013 0 69,457,663,000,000 0.00000 0 010 BBTN 2011 0 89,121,459,000,000 0.00000 0 016 BJBR 2011 0 58,448,658,000,000 0.00000 0 019 BMRI 2011 0 551,891,704,000,000 0.00000 0 020 BMRI 2012 0 635,618,708,000,000 0.00000 0 021 BMRI 2013 0 733,099,762,000,000 0.00000 0 044 MDLN 2012 0 4,591,920,046,013 0.00000 0 046 PNBN 2011 0 124,755,428,000,000 0.00000 0 047 PNBN 2012 0 148,792,615,000,000 0.00000 0 048 PNBN 2013 0 164,055,578,000,000 0.00000 0 *"1"=highest LPDT,"0"other

LNDT* KODE KODE OBLIGASI SAHAM TAHUN AKTIVA PAJAK TANGGUHAN TOTAL ASET LNDT LNDT* 051 SIMP 2013 907,860,000,000 28,065,121,000,000 0.03235 1 050 SIMP 2012 657,095,000,000 26,574,461,000,000 0.02473 1 049 SIMP 2011 472,988,000,000 25,510,399,000,000 0.01854 1 030 INDF 2013 1,249,370,000,000 78,092,789,000,000 0.01600 1 029 INDF 2012 904,782,000,000 59,389,405,000,000 0.01523 1 028 INDF 2011 669,810,000,000 53,715,950,000,000 0.01247 1 035 JPFA 2012 113,819,000,000 10,961,464,000,000 0.01038 1 027 BWPT 2013 62,169,187,000 6,200,427,308,000 0.01003 1 034 JPFA 2011 73,382,000,000 8,266,417,000,000 0.00888 1 026 BWPT 2012 40,892,643,000 4,912,982,787,000 0.00832 1 040 MAPI 2011 34,684,338,000 4,415,342,528,000 0.00786 1 001 AKRA 2011 65,491,392,000 8,417,862,992,000 0.00778 1 003 AKRA 2013 103,134,210,000 14,633,141,381,000 0.00705 0 019 BMRI 2011 3,800,412,000,000 551,891,704,000,000 0.00689 0 013 BDMN 2011 965,922,000,000 142,292,206,000,000 0.00679 0 036 JPFA 2013 94,636,000,000 14,917,590,000,000 0.00634 0 020 BMRI 2012 3,966,613,000,000 635,618,708,000,000 0.00624 0 002 AKRA 2012 70,087,745,000 11,787,524,999,000 0.00595 0 021 BMRI 2013 4,322,498,000,000 733,099,762,000,000 0.00590 0 014 BDMN 2012 903,123,000,000 155,791,308,000,000 0.00580 0 022 BMTR 2011 86,385,000,000 15,111,603,000,000 0.00572 0 015 BDMN 2013 1,022,111,000,000 184,237,348,000,000 0.00555 0 025 BWPT 2011 18,205,883,000 3,589,031,806,000 0.00507 0 024 BMTR 2013 101,199,000,000 21,069,471,000,000 0.00480 0 041 MAPI 2012 27,131,554,000 5,990,586,903,000 0.00453 0 055 SSIA 2011 12,971,283,869 2,937,938,049,768 0.00442 0 023 BMTR 2012 68,126,000,000 19,995,526,000,000 0.00341 0 056 SSIA 2012 15,213,438,312 4,854,633,414,808 0.00313 0 057 SSIA 2013 16,967,982,701 5,814,435,113,331 0.00292 0 042 MAPI 2013 18,433,099,000 7,808,299,570,000 0.00236 0 031 ISAT 2011 113,812,000,000 53,233,012,000,000 0.00214 0 032 ISAT 2012 100,639,000,000 55,225,061,000,000 0.00182 0 033 ISAT 2013 96,075,000,000 54,520,891,000,000 0.00176 0 006 APLN 2013 29,277,608,000 19,679,908,990,000 0.00149 0 007 BBKP 2011 73,398,000,000 57,183,463,000,000 0.00128 0 048 PNBN 2013 209,845,000,000 164,055,578,000,000 0.00128 0 008 BBKP 2012 74,338,000,000 65,889,830,000,000 0.00113 0 044 MDLN 2012 4,601,227,700 4,591,920,046,013 0.00100 0 009 BBKP 2013 67,198,000,000 69,457,663,000,000 0.00097 0 054 SMRA 2013 11,833,903,000 13,659,136,825,000 0.00087 0 053 SMRA 2012 9,260,769,000 10,876,386,685,000 0.00085 0 059 TLKM 2012 89,000,000,000 111,369,000,000,000 0.00080 0 010 BBTN 2011 58,188,000,000 89,121,459,000,000 0.00065 0 047 PNBN 2012 96,958,000,000 148,792,615,000,000 0.00065 0 058 TLKM 2011 67,000,000,000 103,054,000,000,000 0.00065 0 060 TLKM 2013 82,000,000,000 127,951,000,000,000 0.00064 0 016 BJBR 2011 37,174,000,000 58,448,658,000,000 0.00064 0 052 SMRA 2011 4,762,822,000 8,099,174,681,000 0.00059 0 046 PNBN 2011 53,590,000,000 124,755,428,000,000 0.00043 0 005 APLN 2012 5,873,750,000 15,195,642,352,000 0.00039 0 004 APLN 2011 2,019,389,000 10,383,820,997,000 0.00019 0 018 BJBR 2013 5,819,000,000 70,958,233,000,000 0.00008 0 017 BJBR 2012 3,635,000,000 70,840,878,000,000 0.00005 0 045 MDLN 2013 165,619,322 9,647,813,079,565 0.00002 0 043 MDLN 2011 27,911,533 2,526,029,716,477 0.00001 0 011 BBTN 2012 0 111,748,593,000,000 0.00000 0 012 BBTN 2013 0 131,169,730,000,000 0.00000 0 037 JSMR 2011 0 20,915,890,567,000 0.00000 0 038 JSMR 2012 0 24,753,551,441,000 0.00000 0 039 JSMR 2013 0 28,366,345,328,000 0.00000 0 *"1"=highest LPDT,"0"other

LTB* KODE KODE TAHUN LABA AKUNTANSI LABA FISKAL LTB OBLIGASI SAHAM LTB* 032 ISAT 2012 461,618,000,000 1,117,666,000,000 2.42119 1 004 APLN 2011 888,230,223,000 1,001,363,444,000 1.12737 1 018 BJBR 2013 1,752,879,000,000 1,877,238,000,000 1.07095 1 008 BBKP 2012 1,059,370,000,000 1,096,448,000,000 1.03500 1 010 BBTN 2011 1,522,260,000,000 1,571,342,000,000 1.03224 1 016 BJBR 2011 1,319,816,000,000 1,347,917,000,000 1.02129 1 039 JSMR 2013 1,714,655,142,000 1,679,519,797,000 0.97951 1 006 APLN 2013 1,117,175,519,000 1,081,006,928,000 0.96762 1 007 BBKP 2011 940,404,000,000 905,883,000,000 0.96329 1 002 AKRA 2012 809,682,380,000 775,277,795,000 0.95751 1 020 BMRI 2012 20,504,268,000,000 19,531,694,000,000 0.95257 1 009 BBKP 2013 1,193,605,000,000 1,132,298,000,000 0.94864 1 001 AKRA 2011 749,941,149,000 711,322,589,000 0.94850 0 005 APLN 2012 1,097,546,731,000 1,040,109,072,000 0.94767 0 021 BMRI 2013 24,061,837,000,000 22,643,911,000,000 0.94107 0 038 JSMR 2012 2,055,256,702,000 1,881,453,323,000 0.91543 0 047 PNBN 2012 3,042,464,000,000 2,716,787,000,000 0.89296 0 048 PNBN 2013 3,252,163,000,000 2,895,606,000,000 0.89036 0 051 SIMP 2013 934,368,000,000 799,576,000,000 0.85574 0 011 BBTN 2012 1,863,202,000,000 1,547,808,000,000 0.83072 0 036 JPFA 2013 895,947,000,000 740,069,000,000 0.82602 0 046 PNBN 2011 2,736,366,000,000 2,240,007,000,000 0.81861 0 017 BJBR 2012 1,512,499,000,000 1,231,407,000,000 0.81415 0 037 JSMR 2011 1,590,175,158,000 1,285,639,000,000 0.80849 0 012 BBTN 2013 2,140,771,000,000 1,721,290,000,000 0.80405 0 019 BMRI 2011 16,512,035,000,000 13,095,534,000,000 0.79309 0 003 AKRA 2013 733,052,865,000 515,891,377,000 0.70376 0 035 JPFA 2012 1,364,891,000,000 862,933,000,000 0.63224 0 034 JPFA 2011 872,309,000,000 528,422,000,000 0.60577 0 015 BDMN 2013 5,530,213,000,000 3,123,871,000,000 0.56487 0 050 SIMP 2012 2,012,037,000,000 1,099,779,000,000 0.54660 0 014 BDMN 2012 5,486,679,000,000 2,920,076,000,000 0.53221 0 013 BDMN 2011 4,551,581,000,000 1,939,584,000,000 0.42613 0 031 ISAT 2011 1,331,357,000,000 461,024,000,000 0.34628 0 042 MAPI 2013 485,106,683,000 158,868,249,000 0.32749 0 049 SIMP 2011 2,911,994,000,000 850,049,000,000 0.29191 0 040 MAPI 2011 484,571,847,000 134,537,723,000 0.27764 0 059 TLKM 2012 24,228,000,000,000 6,628,000,000,000 0.27357 0 026 BWPT 2012 351,413,724,000 74,232,975,000 0.21124 0 029 INDF 2012 6,319,960,000,000 1,117,666,000,000 0.17685 0 041 MAPI 2012 597,637,801,000 103,822,055,000 0.17372 0 025 BWPT 2011 429,924,860,000 74,106,357,000 0.17237 0 058 TLKM 2011 20,857,000,000,000 3,568,000,000,000 0.17107 0 060 TLKM 2013 27,149,000,000,000 4,240,000,000,000 0.15618 0 043 MDLN 2011 98,215,038,211 7,700,202,725 0.07840 0 028 INDF 2011 6,352,389,000,000 461,024,000,000 0.07257 0 023 BMTR 2012 2,561,391,000,000 153,446,000,000 0.05991 0 030 INDF 2013 4,666,958,000,000 179,248,000,000 0.03841 0 044 MDLN 2012 311,607,099,170 8,141,300,800 0.02613 0 052 SMRA 2011 530,915,731,000 8,361,654,000 0.01575 0 022 BMTR 2011 1,596,535,000,000 23,942,000,000 0.01500 0 024 BMTR 2013 1,511,463,000,000 18,096,000,000 0.01197 0 053 SMRA 2012 986,394,703,000 9,651,855,000 0.00978 0 054 SMRA 2013 1,319,424,341,000 9,906,209,000 0.00751 0 045 MDLN 2013 2,548,597,657,571 9,479,606,831 0.00372 0 056 SSIA 2012 877,962,947,639-21,117,991,129-0.02405 0 055 SSIA 2011 385,089,514,791-11,361,274,708-0.02950 0 033 ISAT 2013-3,333,837,000,000 179,248,000,000-0.05377 0 057 SSIA 2013 906,928,927,108-80,946,465,876-0.08925 0 027 BWPT 2013 254,896,273,000-32,558,376,000-0.12773 0 *"1"=highest LPDT,"0"other

STB* KODE KODE TAHUN LABA AKUNTANSI LABA FISKAL STB SAHAM STB* 027 BWPT 2013 254,896,273,000-32,558,376,000-0.12773 1 057 SSIA 2013 906,928,927,108-80,946,465,876-0.08925 1 033 ISAT 2013-3,333,837,000,000 179,248,000,000-0.05377 1 055 SSIA 2011 385,089,514,791-11,361,274,708-0.02950 1 056 SSIA 2012 877,962,947,639-21,117,991,129-0.02405 1 045 MDLN 2013 2,548,597,657,571 9,479,606,831 0.00372 1 054 SMRA 2013 1,319,424,341,000 9,906,209,000 0.00751 1 053 SMRA 2012 986,394,703,000 9,651,855,000 0.00978 1 024 BMTR 2013 1,511,463,000,000 18,096,000,000 0.01197 1 022 BMTR 2011 1,596,535,000,000 23,942,000,000 0.01500 1 052 SMRA 2011 530,915,731,000 8,361,654,000 0.01575 1 044 MDLN 2012 311,607,099,170 8,141,300,800 0.02613 1 030 INDF 2013 4,666,958,000,000 179,248,000,000 0.03841 0 023 BMTR 2012 2,561,391,000,000 153,446,000,000 0.05991 0 028 INDF 2011 6,352,389,000,000 461,024,000,000 0.07257 0 043 MDLN 2011 98,215,038,211 7,700,202,725 0.07840 0 060 TLKM 2013 27,149,000,000,000 4,240,000,000,000 0.15618 0 058 TLKM 2011 20,857,000,000,000 3,568,000,000,000 0.17107 0 025 BWPT 2011 429,924,860,000 74,106,357,000 0.17237 0 041 MAPI 2012 597,637,801,000 103,822,055,000 0.17372 0 029 INDF 2012 6,319,960,000,000 1,117,666,000,000 0.17685 0 026 BWPT 2012 351,413,724,000 74,232,975,000 0.21124 0 059 TLKM 2012 24,228,000,000,000 6,628,000,000,000 0.27357 0 040 MAPI 2011 484,571,847,000 134,537,723,000 0.27764 0 049 SIMP 2011 2,911,994,000,000 850,049,000,000 0.29191 0 042 MAPI 2013 485,106,683,000 158,868,249,000 0.32749 0 031 ISAT 2011 1,331,357,000,000 461,024,000,000 0.34628 0 013 BDMN 2011 4,551,581,000,000 1,939,584,000,000 0.42613 0 014 BDMN 2012 5,486,679,000,000 2,920,076,000,000 0.53221 0 050 SIMP 2012 2,012,037,000,000 1,099,779,000,000 0.54660 0 015 BDMN 2013 5,530,213,000,000 3,123,871,000,000 0.56487 0 034 JPFA 2011 872,309,000,000 528,422,000,000 0.60577 0 035 JPFA 2012 1,364,891,000,000 862,933,000,000 0.63224 0 003 AKRA 2013 733,052,865,000 515,891,377,000 0.70376 0 019 BMRI 2011 16,512,035,000,000 13,095,534,000,000 0.79309 0 012 BBTN 2013 2,140,771,000,000 1,721,290,000,000 0.80405 0 037 JSMR 2011 1,590,175,158,000 1,285,639,000,000 0.80849 0 017 BJBR 2012 1,512,499,000,000 1,231,407,000,000 0.81415 0 046 PNBN 2011 2,736,366,000,000 2,240,007,000,000 0.81861 0 036 JPFA 2013 895,947,000,000 740,069,000,000 0.82602 0 011 BBTN 2012 1,863,202,000,000 1,547,808,000,000 0.83072 0 051 SIMP 2013 934,368,000,000 799,576,000,000 0.85574 0 048 PNBN 2013 3,252,163,000,000 2,895,606,000,000 0.89036 0 047 PNBN 2012 3,042,464,000,000 2,716,787,000,000 0.89296 0 038 JSMR 2012 2,055,256,702,000 1,881,453,323,000 0.91543 0 021 BMRI 2013 24,061,837,000,000 22,643,911,000,000 0.94107 0 005 APLN 2012 1,097,546,731,000 1,040,109,072,000 0.94767 0 001 AKRA 2011 749,941,149,000 711,322,589,000 0.94850 0 009 BBKP 2013 1,193,605,000,000 1,132,298,000,000 0.94864 0 020 BMRI 2012 20,504,268,000,000 19,531,694,000,000 0.95257 0 002 AKRA 2012 809,682,380,000 775,277,795,000 0.95751 0 007 BBKP 2011 940,404,000,000 905,883,000,000 0.96329 0 006 APLN 2013 1,117,175,519,000 1,081,006,928,000 0.96762 0 039 JSMR 2013 1,714,655,142,000 1,679,519,797,000 0.97951 0 016 BJBR 2011 1,319,816,000,000 1,347,917,000,000 1.02129 0 010 BBTN 2011 1,522,260,000,000 1,571,342,000,000 1.03224 0 008 BBKP 2012 1,059,370,000,000 1,096,448,000,000 1.03500 0 018 BJBR 2013 1,752,879,000,000 1,877,238,000,000 1.07095 0 004 APLN 2011 888,230,223,000 1,001,363,444,000 1.12737 0 032 ISAT 2012 461,618,000,000 1,117,666,000,000 2.42119 0 *"1"=lowest LPDT,"0"other

Lampiran 5 Hasil Olah Statistik Analisis Deskriptif Crosstabs Case Processing Summary Cases Valid Missing Total N Percent N Percent N Percent large tax to book ratio * Rating Obligation 177 0.0 177 small tax to book ratio * Rating Obligation 177 0.0 177 Large Positive Def Tax * Rating Obligation 177 0.0 177 Large Negative Def Tax * Rating Obligation 177 0.0 177 Large Tax To Book Ratio * Rating Obligation Crosstab Rating Obligation 11 12 13 14 15 16 17 18 Total large tax to book 0 Count 2 7 12 14 29 34 19 17 134 ratio within large tax to book ratio 1.5 5.2 9.0 10.4 21.6 25.4 14.2 12.7 within Rating Obligation 52.2 74.4 72.3 67.9 75.7 of Total 1.1 4.0 6.8 7.9 16.4 19.2 10.7 9.6 75.7 1 Count 0 0 11 0 10 13 9 0 43

within large tax to book ratio.0.0 25.6.0 23.3 30.2 20.9.0 within Rating.0.0 47.8.0 25.6 27.7 32.1.0 24.3 Obligation of Total.0.0 6.2.0 5.6 7.3 5.1.0 24.3 Total Count 2 7 23 14 39 47 28 17 177 within large tax to book ratio 1.1 4.0 13.0 7.9 22.0 26.6 15.8 9.6 within Rating Obligation of Total 1.1 4.0 13.0 7.9 22.0 26.6 15.8 9.6 Chi-Square Tests Value df Asymp. Sig. (2-sided) Pearson Chi-Square 21.027 a 7.004 Likelihood Ratio 29.431 7.000 Linear-by-Linear Association.510 1.475 N of Valid Cases 177 a. 5 cells (31.3) have expected count less than 5. The minimum expected count is.49. Small Tax To Book Ratio * Rating Obligation Crosstab Rating Obligation 11 12 13 14 15 16 17 18 Total

small tax to 0 Count 1 3 17 6 39 47 28 7 148 book ratio within small tax to book ratio.7 2.0 11.5 4.1 26.4 31.8 18.9 4.7 within Rating 50.0 42.9 73.9 42.9 41.2 83.6 Obligation of Total.6 1.7 9.6 3.4 22.0 26.6 15.8 4.0 83.6 1 Count 1 4 6 8 0 0 0 10 29 within small tax to book ratio 3.4 13.8 20.7 27.6.0.0.0 34.5 within Rating 50.0 57.1 26.1 57.1.0.0.0 58.8 16.4 Obligation of Total.6 2.3 3.4 4.5.0.0.0 5.6 16.4 Total Count 2 7 23 14 39 47 28 17 177 within small tax to book ratio 1.1 4.0 13.0 7.9 22.0 26.6 15.8 9.6 within Rating Obligation of Total 1.1 4.0 13.0 7.9 22.0 26.6 15.8 9.6

Chi-Square Tests Value df Asymp. Sig. (2-sided) Pearson Chi-Square 73.383 a 7.000 Likelihood Ratio 76.987 7.000 Linear-by-Linear Association 4.114 1.043 N of Valid Cases 177 a. 7 cells (43.8) have expected count less than 5. The minimum expected count is.33. Large Positive Def Tax * Rating Obligation Crosstab Rating Obligation 11 12 13 14 15 16 17 18 Total Large Positive 0 Count 2 7 23 14 39 27 9 11 132 Def Tax within Large Positive Def Tax 1.5 5.3 17.4 10.6 29.5 20.5 6.8 8.3 within Rating 57.4 32.1 64.7 74.6 Obligation of Total 1.1 4.0 13.0 7.9 22.0 15.3 5.1 6.2 74.6 1 Count 0 0 0 0 0 20 19 6 45 within Large Positive Def Tax.0.0.0.0.0 44.4 42.2 13.3 within Rating.0.0.0.0.0 42.6 67.9 35.3 25.4 Obligation of Total.0.0.0.0.0 11.3 10.7 3.4 25.4 Total Count 2 7 23 14 39 47 28 17 177

within Large Positive Def Tax 1.1 4.0 13.0 7.9 22.0 26.6 15.8 9.6 within Rating Obligation of Total 1.1 4.0 13.0 7.9 22.0 26.6 15.8 9.6

Chi-Square Tests Value df Asymp. Sig. (2-sided) Pearson Chi-Square 63.715 a 7.000 Likelihood Ratio 79.349 7.000 Linear-by-Linear Association 37.926 1.000 N of Valid Cases 177 a. 5 cells (31.3) have expected count less than 5. The minimum expected count is.51. Large Negative Def Tax * Rating Obligation Crosstab Rating Obligation 11 12 13 14 15 16 17 18 Total Large Negative 0 Count 0 7 21 12 33 44 22 17 156 Def Tax within Large Negative Def Tax.0 4.5 13.5 7.7 21.2 28.2 14.1 10.9 within Rating.0 91.3 85.7 84.6 93.6 78.6 88.1 Obligation of Total.0 4.0 11.9 6.8 18.6 24.9 12.4 9.6 88.1 1 Count 2 0 2 2 6 3 6 0 21 within Large Negative Def Tax 9.5.0 9.5 9.5 28.6 14.3 28.6.0 within Rating Obligation.0 8.7 14.3 15.4 6.4 21.4.0 11.9 of Total 1.1.0 1.1 1.1 3.4 1.7 3.4.0 11.9 Total Count 2 7 23 14 39 47 28 17 177

within Large Negative Def Tax 1.1 4.0 13.0 7.9 22.0 26.6 15.8 9.6 within Rating Obligation of Total 1.1 4.0 13.0 7.9 22.0 26.6 15.8 9.6 Chi-Square Tests Value df Asymp. Sig. (2-sided) Pearson Chi-Square 22.649 a 7.002 Likelihood Ratio 18.961 7.008 Linear-by-Linear Association.876 1.349 N of Valid Cases 177 a. 8 cells (50.0) have expected count less than 5. The minimum expected count is.24.

Uji Multikolinearitas Coefficients a Model Standardized Unstandardized Coefficients Coefficients Collinearity Statistics B Std. Error Beta t Sig. Tolerance VIF 1 (Constant) 15.193.176 86.232.000 large tax to book ratio -.554.274 -.143-2.019.045.880 1.137 small tax to book ratio -.378.322 -.084-1.173.242.856 1.169 Large Positive Def Tax 1.752.262.459 6.677.000.932 1.073 Large Negative Def Tax -.628.354 -.122-1.771.078.927 1.079 a. Dependent Variable: Rating Obligation Coefficient Correlations a Model Large Negative Large Positive large tax to book small tax to Def Tax Def Tax ratio book ratio 1 Correlations Large Negative Def Tax 1.000 -.004.246.171 Large Positive Def Tax -.004 1.000 -.030.240 large tax to book ratio.246 -.030 1.000.267 small tax to book ratio.171.240.267 1.000 Covariances Large Negative Def Tax.126.000.024.019 Large Positive Def Tax.000.069 -.002.020 large tax to book ratio.024 -.002.075.024 small tax to book ratio.019.020.024.104

Coefficient Correlations a Model Large Negative Large Positive large tax to book small tax to Def Tax Def Tax ratio book ratio 1 Correlations Large Negative Def Tax 1.000 -.004.246.171 Large Positive Def Tax -.004 1.000 -.030.240 large tax to book ratio.246 -.030 1.000.267 small tax to book ratio.171.240.267 1.000 Covariances Large Negative Def Tax.126.000.024.019 Large Positive Def Tax.000.069 -.002.020 large tax to book ratio.024 -.002.075.024 small tax to book ratio.019.020.024.104 a. Dependent Variable: Rating Obligation

Ordinal Regression Model I Case Processing Summary N Marginal Percentage Rating Obligation 11 2 1.1 12 7 4.0 13 23 13.0 14 14 7.9 15 39 22.0 16 47 26.6 17 28 15.8 18 17 9.6 Large Positive Def Tax 0 132 74.6 1 45 25.4 Large Negative Def Tax 0 156 88.1 1 21 11.9 Valid 177 Missing 0 Total 177 Model Fitting Information Model -2 Log Likelihood Chi-Square df Sig. Intercept Only 637.865 Final 446.693 191.172 3.000

Link function: Cauchit. Goodness-of-Fit Chi-Square df Sig. Pearson 833.196 410.000 Deviance 440.236 410.146 Link function: Cauchit. Pseudo R-Square Cox and Snell.660 Nagelkerke.677 McFadden.292 Link function: Cauchit. Parameter Estimates 95 Confidence Interval Estimate Std. Error Wald df Sig. Lower Bound Upper Bound Threshold [RATING = 11] 58.869 10.602 30.831 1.000 38.089 79.649 [RATING = 12] 64.589 10.410 38.496 1.000 44.186 84.992 [RATING = 13] 67.897 10.793 39.575 1.000 46.743 89.051 [RATING = 14] 68.818 10.892 39.923 1.000 47.471 90.165 [RATING = 15] 72.642 11.504 39.870 1.000 50.094 95.190 [RATING = 16] 75.639 11.735 41.544 1.000 52.638 98.639

[RATING = 17] 78.433 12.055 42.333 1.000 54.806 102.060 Location ASSETS 2.457.380 41.746 1.000 1.711 3.202 [LPDT=0] -5.060.820 38.059 1.000-6.668-3.452 [LPDT=1] 0 a.. 0... [LNDT=0] -1.101.493 4.992 1.025-2.066 -.135 [LNDT=1] 0 a.. 0... Link function: Cauchit. a. This parameter is set to zero because it is redundant. Test of Parallel Lines c Model -2 Log Likelihood Chi-Square df Sig. Null Hypothesis 446.693 General 278.616 a 168.077 b 18.000 The null hypothesis states that the location parameters (slope coefficients) are the same across response categories. a. The log-likelihood value cannot be further increased after maximum number of step-halving. b. The Chi-Square statistic is computed based on the log-likelihood value of the last iteration of the general model. Validity of the test is uncertain. c. Link function: Cauchit. Ordinal Regression Model II Case Processing Summary N Marginal Percentage Rating Obligation 11 2 1.1

12 7 4.0 13 23 13.0 14 14 7.9 15 39 22.0 16 47 26.6 17 28 15.8 18 17 9.6 large tax to book ratio 0 134 75.7 1 43 24.3 small tax to book ratio 0 148 83.6 1 29 16.4 Valid 177 Missing 0 Total 177 Model Fitting Information Model -2 Log Likelihood Chi-Square df Sig. Intercept Only 637.865 Final 566.634 71.232 3.000 Link function: Cauchit. Goodness-of-Fit Chi-Square df Sig.

Pearson 977.849 410.000 Deviance 560.176 410.000 Link function: Cauchit. Pseudo R-Square Cox and Snell.331 Nagelkerke.340 McFadden.109 Link function: Cauchit. Parameter Estimates 95 Confidence Interval Estimate Std. Error Wald df Sig. Lower Bound Upper Bound Threshold [RATING = 11] 5.740 10.078.324 1.569-14.014 25.493 [RATING = 12] 18.115 4.364 17.234 1.000 9.562 26.667 [RATING = 13] 21.346 4.279 24.886 1.000 12.960 29.733 [RATING = 14] 22.141 4.323 26.233 1.000 13.668 30.614 [RATING = 15] 23.583 4.437 28.255 1.000 14.887 32.279 [RATING = 16] 25.037 4.565 30.081 1.000 16.090 33.984 [RATING = 17] 27.390 4.676 34.314 1.000 18.226 36.554 Location ASSETS.704.139 25.495 1.000.431.977 [LTB=0].273.302.819 1.366 -.318.864 [LTB=1] 0 a.. 0... [STB=0] 1.634.421 15.033 1.000.808 2.460

[STB=1] 0 a.. 0... Link function: Cauchit. a. This parameter is set to zero because it is redundant. Test of Parallel Lines c Model -2 Log Likelihood Chi-Square df Sig. Null Hypothesis 566.634 General 548.997 a 17.636 b 18.480 The null hypothesis states that the location parameters (slope coefficients) are the same across response categories. a. The log-likelihood value cannot be further increased after maximum number of step-halving. b. The Chi-Square statistic is computed based on the log-likelihood value of the last iteration of the general model. Validity of the test is uncertain. function: c. Link Cauchit.