| Summary: | One of the company's strategy to maintain and develop the company is to
merge (business combination). One company that does this merger is PT. Reckitt
Benckiser Indonesia (PT. RBI). PT. RBI merged with pooling of interest method, in
this case the companies who joined relatively unchanged on the new accounting
entities, assets and liabilities of the companies that joined included in the combined
entity at book value. The purpose of this study was to conduct an analysis of
company financial statements in the period of 2007 (one year before the merger) and
2008, 2009, 2010 (three years after the merger), with the purpose of whether a merger
with pooling of interest method (book value) that can be done improve the financial
performance of the company, work together and can increase the value of the
company or not.
Analysis of financial performance before and after the merger is done by
comparing the financial ratios included, the ratio of contribution profitability margins,
return on assets, return on equity, liquidity ratio of current ratio and quick ratio, asset
management in the form of asset turnover, solvency ratio of debt to equity ratio and
debt ratio. The data used are the historical annual financial statements 2007, 2008,
2009 and 2010. Furthermore, to prove that the merger of PT. RBI gives better results
performed the t test by comparing the data before and after the merger to determine
whether there are differences in their respective financial ratios studied.
The results of financial analysis of financial ratios used showed positive
changes in financial performance are significant and it can be concluded that the
merger without liquidation by PT. RBI gives a better effect.
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