KAS DAN SETARA KAS Lanjutan CASH AND CASH EQUIVALENTS Continued

Ekshibit E52 Exhibit E52 PT BAKRIE SUMATERA PLANTATIONS Tbk PT BAKRIE SUMATERA PLANTATIONS Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DESEMBER 2011 DAN 2010 31 DECEMBER 2011 AND 2010 Dengan Perbandingan 1 Januari 2010 31 Desember 2009 With Comparative 1 January 2010 31 December 2009 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Expressed in thousands of Rupiah, unless otherwise stated 6. PIUTANG USAHA Lanjutan 6. TRADE RECEIVABLES Continued a. Pihak ketiga Lanjutan a. Third parties Continued 2011 2010 2009 Dolar Amerika Serikat United States Dollar Pindahan 107.025.005 53.673.496 54.979.162 Carried Forward RCMA Americas RCMA Americas USD 828.722, USD nihil dan USD 828,722, USD nil and USD nihil pada tahun 2011, 2010 USD nil in 2011, 2010 dan 2009 7.514.852 - - and 2009 Alan L. Grant Rubber Division Alan L. Grant Rubber Division USD 575.514, USD 961.454 USD 575,514, USD 961,454 dan USD nihil pada and USD nil tahun 2011, 2010 dan 2009 5.218.765 8.644.437 - in 2011, 2010 and 2009 Danesi Latex LTDA, Brazil Danesi Latex LTDA, Brazil USD 197.275, USD 727.340 USD 197,275, USD 727,340 dan USD nihil pada and USD nil tahun 2011, 2010 dan 2009 1.788.887 6.539.514 - in 2011, 2010 and 2009 Sri Trang International, Singapura Sri Trang International, Singapore USD 190.542, USD 700.612 USD 190,542, USD 700,612 dan USD 417.887 pada and USD 417,887 tahun 2011, 2010 dan 2009 1.727.833 6.299.201 3.928.134 in 2011, 2010 and 2009 PT Multimas Nabati Asahan PT Multimas Nabati Asahan USD nihil, USD 1.006.264 USD nil, USD 1,006,264 dan USD nihil pada and USD nil tahun 2011, 2010 dan 2009 - 9.047.322 - in 2011, 2010 and 2009 PT Musim Mas PT Musim Mas USD nihil, USD 910.675 dan USD nil, USD 910,675 and USD nihil pada tahun 2011, 2010 USD nil in 2011, 2010 dan 2009 - 8.187.878 - dan 2009 Elpa Elastiki Iplikler Elpa Elastiki Iplikler San Ve IHR A.S San Ve IHR A.S USD nihil, USD 610.982 USD nil, USD 610,982 dan USD nihil pada and USD nil tahun 2011, 2010 dan 2009 - 5.493.336 - in 2011, 2010 and 2009 Lain-lain masing-masing Others each below di bawah Rp 5 miliar 35.044.298 14.707.527 12.580.010 Rp 5 billion Sub-total 158.319.640 112.592.711 71.487.306 Sub-total Dikurangi penyisihan Less allowance for impairment kerugian penurunan nilai 3.018.967 3.018.967 3.018.967 losses Dolar Amerika Serikat - Neto 155.300.673 109.573.744 68.468.339 United States Dollar - Net Rupiah Rupiah PT Intan Surya Pratama 274.131.049 - 13.493.000 PT Intan Surya Pratama PT Indokarya Internusa 19.272.167 - - PT Indokarya Internusa PT Kana Jaya Mandiri 10.620.731 4.570.786 5.387.088 PT Kana Jaya Mandiri PT Musim Mas 7.894.438 - - PT Musim Mas PT Sinar Alam Permai 6.868.085 1.177.552 729.816 PT Sinar Alam Permai PT Gemar Sukawati Indah 4.337.354 1.140.891 - PT Gemar Sukawati Indah PT Wilmar Nabati Indonesia 2.342.331 - 8.617.754 PT Wilmar Nabati Indonesia PT Swasthi Parama Mulya 2.030.808 5.840.441 - PT Swasthi Parama Mulya PT Lingga Manik 833.252 1.140.943 7.048.826 PT Lingga Manik PT Multimas Nabati Asahan 468.627 2.489.360 - PT Multimas Nabati Asahan Titi Latex Sdn Bhd, Malaysia 274.194 11.249.722 8.305.243 Titi Latex Sdn Bhd, Malaysia Lain-lain masing-masing Others each below di bawah Rp 5 miliar 28.118.453 67.747.187 31.464.430 Rp 5 billion Sub-total 357.191.489 95.356.882 75.046.157 Sub-total Dikurangi penyisihan Less allowance for impairment kerugian penurunan nilai 2.843.401 359.677 359.677 Losses Rupiah – Neto 354.348.088 94.997.205 74.686.480 Rupiah – Net Piutang Usaha Trade Receivables from Pihak Ketiga – Neto 509.648.761 204.570.949 143.154.819 Third Parties – Net Ekshibit E53 Exhibit E53 PT BAKRIE SUMATERA PLANTATIONS Tbk PT BAKRIE SUMATERA PLANTATIONS Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DESEMBER 2011 DAN 2010 31 DECEMBER 2011 AND 2010 Dengan Perbandingan 1 Januari 2010 31 Desember 2009 With Comparative 1 January 2010 31 December 2009 Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain Expressed in thousands of Rupiah, unless otherwise stated 6. PIUTANG USAHA Lanjutan 6. TRADE RECEIVABLES Continued a. Pihak ketiga Lanjutan a. Third parties Continued Rincian umur piutang usaha kepada pihak ketiga adalah sebagai berikut: The details of aging schedule of trade receivables from third parties were as follows: 2011 2010 2009 Sampai dengan 30 hari 193.045.260 65.216.207 57.916.017 Up to 30 days 31 hari sampai 60 hari 75.864.525 20.322.032 13.102.303 31 days to 60 days 61 hari sampai 90 hari 86.696.977 14.803.020 1.676.698 61 days to 90 days Lebih dari 90 hari 159.904.367 107.608.334 73.838.445 Over than 90 days T o t a l 515.511.129 207.949.593 146.533.463 T o t a l Dikurangi penyisihan Less allowance for impairment kerugian penurunan nilai 5.862.368 3.378.644 3.378.644 losses N e t o 509.648.761 204.570.949 143.154.819 N e t Mutasi penyisihan kerugian penurunan nilai atas piutang usaha - pihak ketiga adalah sebagai berikut: Movements of allowance for impairment losses of trade receivables – third parties were as follows: 2011 2010 2009 Saldo awal 3.378.644 3.378.644 3.378.644 Beginning balance Penambahan penyisihan Additional allowance during pada periode berjalan 2.483.724 - - the period Saldo akhir 5.862.368 3.378.644 3.378.644 Ending balance Manajemen Perusahaan dan Entitas Anak berpendapat bahwa penyisihan kerugian penurunan nilai tersebut cukup untuk menutupi kemungkinan kerugian atas tidak tertagihnya piutang usaha tersebut. The management of the Company and Subsidiaries believe that the allowance for impairment losses is adequate to cover possible losses from non-collectibility of the trade receivables. Pada tanggal 31 Desember 2011, seluruh piutang usaha dan piutang pihak berelasi Perusahaan dan Entitas Anak yang terdiri dari HIM, AM, BPP, AGW, AMM, GLP, GIN, dan MIB sebesar Rp 954,86 miliar digunakan sebagai jaminan atas utang dari Credit Suisse Cabang Singapura dengan fasilitas sampai dengan USD 250 juta. As of 31 December 2011, all trade receivables and due from of the Company and Subsidiaries consisting of HIM, AM, BPP, AGW, AMM, GLP, GIN, and MIB amounting to Rp 954.86 billion were pledged as collateral for debt from Credit Suisse, Singapore Branch with facilities up to USD 250 million. Pada tanggal 31 Desember 2011 dan 2010, seluruh piutang usaha Perusahaan dan Entitas Anak kecuali SNP, GLP, GIN, NAM dan BRBE, dengan nilai buku masing- masing sebesar Rp 146,06 miliar dan Rp 105,23 miliar, digunakan sebagai jaminan atas utang obligasi - Senior Notes yang diterbitkan BSP Finance B.V., Entitas Anak Catatan 24. As of 31 December 2011 and 2010, all trade receivables of the Company and Subsidiaries except for SNP, GLP, GIN, NAM and BRBE, with carrying value amounting to Rp 146.06 billion and Rp 105.23 billion, respectively, were pledged as collateral for bonds payable - Senior Notes issued by BSP Finance B.V., a Subsidiary Note 24. Pada tanggal 31 Desember 2010 dan 2009, seluruh piutang usaha GLP dan GIN digunakan sebagai jaminan atas utang bank jangka pendek dan pinjaman jangka panjang yang diperoleh dari Raiffeisen Bank International AG “RBI – Austria”, Cabang Singapura dahulu Raiffeisen Zentralbank Osterreich AG, Catatan 17 dan 22 dan piutang usaha NAM atas utang PT Bank CIMB Niaga Tbk Catatan 22. As of 31 December 2010 and 2009, all trade receivables of GLP and GIN were pledged as collateral for short-term bank loan and long-term loans obtained from Raiffeisen Bank International AG “RBI – Austria”, Singapore Branch formerly Raiffeisen Zentralbank Osterreich AG, Notes 17 and 22 and all receivables of NAM for loan obtained from PT Bank CIMB Niaga Tbk Note 22. Pada tanggal 31 Desember 2011 dan 2010, piutang usaha DAIP, DSIP dan FSC digunakan sebagai jaminan atas pinjaman jangka panjang yang diperoleh dari PT Bank Mandiri Persero Tbk Catatan 22. As of 31 December 2011 and 2010, trade receivables of DAIP, DSIP and FSC were pledged as collateral for long-term loans obtained from PT Bank Mandiri Persero Tbk Note 22.