Analysis Of Financial Performance In The Cooperative Of The Republic Indonesia (Kpri) Banjarnegara

Abstract

A cooperative is a people's economic organization with a social character, consisting of members, or a cooperative legal entity with an economic arrangement as a joint effort based on the principle of kinship. Cooperatives as economic organizations are expected to become alternative financial institutions and are required to control their business effectively and efficiently. Cooperative management must always make improvements in order to achieve its goals. The purpose of cooperatives is to promote the welfare of members in particular and society in general and participate in building the national economic order in order to create an advanced, just and prosperous society based on Pancasila and the 1945 Constitution. production and savings and loans. Cooperative performance is assessed to determine the sustainability of the cooperative's business. So for that it is necessary to periodically evaluate the performance of the cooperative in accordance with applicable regulations.

The purpose of this study is to determine how the performance of cooperatives as a business entity and to determine the qualifications of cooperatives in terms of aspects of capital, quality of productive assets, efficiency, liquidity and independence and growth as well as developments or trends in financial performance in cooperatives. The object of research is the Civil Servant Cooperative of the Republic of Indonesia, Hesti Utama, the Regional Secretariat of Banjarnegara Regency.

The research hypotheses include; 1). The financial performance of KPRI Hesti Utama Regional Secretariat of Banjarnegara Regency in terms of Capital Aspects, Earning Asset Quality, Efficiency, Liquidity, and Independence and Growth, from 2014 to 2018 in a fairly healthy condition, and 2). The financial performance development of KPRI Hesti Utama Regional Secretariat of Banjarnegara Regency has an upward trend.

The qualification test for cooperatives is used by the Deputy for Supervision of the Ministry of Cooperatives and Small and Medium Enterprises of the Republic of Indonesia Regulation Number: 06 / Per / Dep.6 / IV / 2016 concerning Guidelines for Health Assessment of Savings and Loans Cooperatives and Cooperative Savings and Loans Units, which are based on an assessment of the Capital Aspects , Earning Asset Quality, Efficiency, Liquidity, and Independence and Growth. Based on the results of the analysis, the total value of the qualification results from 2014 to 2018 was 58.67, which indicates that the condition of KPRI Hesti Utama Banjarnegara with the qualifications in Supervision.

The analysis result of trend line equation for each financial ratio shows that during the last five years the trend is increasing. The cooperative must endeavor to improve the condition of its financial health. Performance appraisal is carried out by maximizing the management of capital funds owned, reducing NPL or non-performing loans and streamlining costs. The development of the financial performance of KPRI Hesti Utama Regional Secretariat of Banjarnegara Regency has a tendency to increase, although not completely, thus cooperatives must continue to improve their performance and evaluate existing financial ratios, where the tendency of increasing ratios indicates that the quality of cooperative financial performance is getting better.

Keywords: Cooperatives, Financial Performance, Financial Ratios, and Assessment Qualifications.