| dc.description.abstract | Vaname shrimp farming in ponds that use technology-intensive systems require a
relatively large funding, both for investment and working capital. In order to meet these
funding requirements, there are shrimp farming in the brackish in Bali were carried out by a
joint operation. This study aims to (1) determine the cost structure of shrimp farming in the
brackish, (2) determine the financial performance based on the level of profitability of joint
operation, and (3) determine the return obtained by the parties of the results of operations of
joint operation-based analysis of the Net Present Value (NPV).The results of the cost analysis
showed that the largest costs in shrimp farming in the brackish on joint operation in Bali is
the cost of production, worth about 95% of the total cost, the rest is non-production costs.
Production costs are variable portion of the volume of production (enginereed variable cost)
and on cash basis, the rest are fixed (committed fixed cost) that is not cash basis. There are
differences in the structure of production costs between farms in the brackish in Buleleng with
farms in the brackish in Jembrana, due to differences in the value of investments and working
capital. The results showed that farm profitability joint in Bali is relatively low, as indicated
by the accrual-based measure of profitability and cash-based measure of profitability. The
results of further analysis of the profitability shows that the proportion of cash-based profitsharing
business only benefit the joint operation partners while the owners always suffer
losses.Vaname shrimp farming technology intensive system is operated by means of joint
operation in Bali is a business with a high cost structure, low margins, and not favorable for
the owners. Therefore, the necessary control costs, especially the cost of production and a
more fair negotiations between the owners of farms and the joint operation partners in the
future. | en_US |
