INVESTMENT ANALYSIS OF JUNIOR HIGH SCHOOL PROJECT IN BANDUNG CITY ABSTRACT (CASE STUDY: BANDUNG ISLAMIC SCHOOL)

• Main Author: Duto Hestopo, Farras
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/54794
• Institution: Institut Teknologi Bandung

Since the beginning of independence, the human right of the Indonesian people to obtain an education has been a commitment of the Indonesian state's founders. The government's concern in realizing a more quality education begins with a quality education program. One such policy is the existence of compulsory education programs. Compulsory learning is organized on formal education pathways, non-formal education, and informal education. Mandatory knowledge on formal tracks is carried out at a minimum of 9 years. Based on data from the Ministry of Education and Culture (Kemendikbud), for primary education and secondary education, the number of Junior High Schools in The City of Bandung is more diminutive than elementary schools. The limited quota of public schools in Bandung also requires some students to continue to private schools. Based on these circumstances, planning to invest in the Junior High School construction in Bandung is needed. The analysis starts by identifying Bandung Islamic School's (BISc) external and internal analysis. After that, the author conducts investment analysis for the opening of BISc Junior High School. To support this analysis, the author collecting secondary data from the financial report Bandung Islamic School and interview the owner and director of BISc then offered two alternatives about feasibility study analysis between rented buildings or profit-sharing. To evaluate the feasibility, the authors also conduct risk management analysis. In the last step, the author will choose and explain the conclusion and make the implementation plan. According to capital budgeting analysis, from the first indicator that is an alternative payback period, profit-sharing shows a return on capital only for 4.5 years faster one year compared to rent alternative. The second indicator is the net present value (NPV). On this indicator, Alternative profit-sharing provides a better or, in this case, more significant figure of Rp11,089,967,103.50, while for alternative rentals, only Rp9,154,671,162.00. For the third indicator, the profitability index (PI), alternative profit-sharing gives a yield of 9.09 and alternative rental of 5.03. The last indicator is the Internal Rate of Return (IRR) for profitsharing alternative IRR produced is 26.73% greater 8.06% of the rent alternative is 17.06%. Overall, from the investment analysis results, profit-sharing alternatives are better than rental alternatives.