PERBANDINGAN KINERJA KEUANGAN SEBELUM DAN SESUDAH AKUISISI PADA PT FIRST MEDIA, Tbk YANG TERDAFTAR DI BURSA EFEK INDONESIA

The purpose of this research are: To determine the description of financial performance before and after acquisition at PT First Media, Tbk. To determine the factors that lead difference of financial performance before and after acquisition at PT First Media, Tbk. The research was done by using descriptive analysis method, analysis comparative, and analysis inductive. The types of data used in this research are qualitative data and quantitative data. Source of data used is secondary data.The result of this research can be conclude as: The corporate financial Performance before acquisition in review from Current Ratio (CR), Debt Ratio (DR), and Debt to Equity Ratio (DER)is fluctuate and tend decrease, while the value of the Total Asset Turnover (TATO)is fluctuate and tend increase, the value of Return on Asset (ROA), Return on Equity (ROE), and Net Profit Margin (NPM) tend increase. The corporate financial performance after acquisition in review form Current Ratio (CR)is fluctuate and tend decrease, while the value of Debt Ratio (DR) and Debt to Equity Ratio (DER) tend increase, the value of Total Asset Turnover (TATO) is fluctuate and tend increase. While the value of Return on Asset (ROA), Return on Equity (ROE), and Net Profit Margin (NPM) are decrease. Factors of cash and cash equivalents, account receivable to third parties, investment in associates, intangible assets, deferred tax assets, account payable to third parties, borrowing from banks and othe financial institutions short term, borrowing from banks and othe financial institutions long term, accrued expenses, retained earnings, cost of services, finance cost, and revenues that caused the difference in financial performance before and after acquisition.