Financial Analysis of Fishing Business using Jubi Catching Equipment in Bulutui Village, West Likupang District, North Minahasa Regency, North Sulawesi Province

Abstract

Traditional fishing gear jubi or arrows are still widely used by fishing communities in Bulutui Village, West Likpang District. The existence of this fishing gear continues to survive amid advances in fishing technology and this fishing gear is passed down from generation to generation. This research on the Financial Analysis of fishing gear business has never been carried out even though the results of this analysis will greatly assist fishermen in managing and developing their fishing business professionally. The purpose of this study in general, namely to examine the cost structure of the fishing business using jubi in Bulutui Village, while specifically this study aims to examine the financial analysis of the fishing business using jubi in Bulutui Village. The method used in this research is a survey method. Data collection techniques by means of observation and filling out questionnaires. The sampling method is using the Simple Random method. In this study, 10 respondents were taken from a total population of 30 jubi fishermen in Bulutui Village. The results of the financial analysis that have been carried out are obtained from the Total Cost obtained from Fixed Costs less Variable Costs amounting to Rp.115.913.900, Operating Profit obtained from Total Revenue minus Variable Costs amounting to Rp. 132,798,950, the total profit obtained from the total revenue is less, the variable cost is Rp. 112,486,100, the sales BEP is Rp. 18,511,638 and unit BEP of 3,161 individuals. This analysis shows that fishing business with jubi fishing gear in Bulutui Village is feasible to be developed. Based on the results of this analysis, it answers the problems in this study why jubi fishermen are able to survive in the midst of advances in fishing technology today because they are still profitable and feasible to be developed.