Registration document 2007 - Total.com

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6 Dividend payment on Stock Certificates (CRs) TOTAL has issued Stock Certificates (Certificats Représentatifs d’Actions, herein after “CRs”) within the framework of the public exchange offering for PetroFina shares. The CR is a stock certificate provided for by French Law, issued by EUROCLEAR France, intended to circulate exclusively outside France, and which may not be held by residents of France. The CR is issued as a physical certificate that is registered in a custody account, and has the characteristics of a bearer security. The CR may be freely convertible from a physical certificate to a registered custody account and vice versa. New CRs have been issued after TOTAL’s four-for-one stock split. ING Belgique is the paying bank for any coupons detached from physical CRs in circulation. There is no charge for the payment of detached coupons from CRs, unless there are income or withholding taxes; payment may be received at teller windows of the following institutions: ING Belgique Avenue Marnix 24, 1000 Brussels, Belgium FORTIS BANQUE S.A. Montagne du Parc 3, 1000 Brussels, Belgium KBC BANK N.V. Avenue du Port 2, 1080 Brussels, Belgium Strips-VVPR TOTAL Strips-VVPR are securities that allow a shareholder with tax domicile in Belgium to receive a reduction of the Belgian withholding tax on securities income from 25% to 15% on the dividend paid by TOTAL. These Strips-VVPR are traded separately from TOTAL shares and are listed on the semi-official market (marché semi-continu) of the Brussels stock exchange with a maximum value of two euro cents in 2006. Strips-VVPR grant rights only if accompanied by TOTAL shares. There were 227,734,056 strips-VVPR TOTAL outstanding as of December 31, 2006. Coupons Exercice Due Date Expiration Date Type Net amount (in euros) Net amount recalculated (a) (in euros) 2000 05/29/2001 05/29/2006 Dividend 3.30 0.83 2001 05/17/2002 05/17/2007 Dividend 3.80 0.95 2002 05/16/2003 05/16/2008 Dividend 4.10 1.03 2003 05/24/2004 05/24/2009 Dividend 4.70 1.18 2004 11/24/2004 11/24/2009 Interim dividend 2.40 0.60 2004 05/24/2005 05/24/2010 Remaining balance of dividend 3.00 0.75 2005 11/24/2005 11/24/2010 Interim dividend 3.00 0.75 2005 05/18/2006 05/18/2011 Remaining balance of dividend 3.48 0.87 2006 (b) 11/17/2006 11/17/2011 Interim dividend 0.87 0.87 2006 (b) 05/18/2007 05/18/2012 Remaining balance of dividend 1.00 1.00 (a) Net amounts recalculated to reflect the May 18, 2006 four-for-one stock split. (b) A resolution will be submitted at the General Meeting of Shareholders of May 11, 2007 to pay a cash dividend of 1.87 euros per share for fiscal year 2006. As an interim payment of 0.87 euros per share was paid out on November 17, 2006, the balance due is 1.00 euro per share, which will be paid on May 18, 2007. 132 TOTAL and its shareholders Dividends TOTAL – Registration Document 2006
Share buybacks The General Meeting of Shareholders of May 17, 2005 authorized the Board of Directors for an 18-month period, after acknowledging the Prospectus approved by the French Financial Markets Authority (Autorité des marchés financiers) (under No. 05-247 on April 11, 2005), to buy and sell the Company’s shares within the framework of the stock buyback program. The maximum purchase price was set at 250 euros per share, par value 10 euros per share. The number of shares acquired may not exceed 10% of the authorized share capital. The General Meeting of Shareholders of May 12, 2006, after acknowledging the Report of the Board of Directors, authorized the Board of Directors, in accordance with the provisions of Article L 225-209 of the French Commercial Code and of European Regulation 2273/2003 dated December 22, 2003, concerning the application of Council Directive 2003/6/EC dated January 28, 2003, to buy and sell the Company’s shares within the framework of the stock buyback program. The maximum purchase price was set at 300 euros per share, par value 10 euros per share, i.e. 75 euros per share, par value 2.5 euros per share. The number of shares acquired may not exceed 10% of the authorized share capital. This authorization was granted for a period of 18 months and replaced the previous authorization granted by the General Meeting of Shareholders of May 17, 2005. A resolution will be submitted to the General Meeting of Shareholders to be held on May 11, 2007 to authorize trading in TOTAL stock through a stock buyback program performed in accordance with the provisions of Article L 225-209 of the French Commercial Code and of Council Regulation 2273/2003 dated December 22, 2003, concerning the application of Council Directive 2003/6/EC dated January 28, 2003. The description of the program is detailed from page 135 to page 137. Share buybacks and share cancellation continued in 2006 During 2006, TOTAL bought back 75.925 million shares of its own shares for cancellation, representing 3.1% of the capital (a) . Over the 24 months preceding December 31, 2006, the Company cancelled 131,322,272 TOTAL shares, par value 2.50 euros per share, representing 5.4% of the capital as of December 31, 2006. Percentage of the capital bought back * 3,0 2002 (a) Average capital of year N = (Capital as of December 31, N-1+ Capital as of December 31, N)/2. For 2002, excluding buybacks linked to coverage of employees options plans. For 2005 and 2006, excluding buybacks linked to the grants of restricted shares decided by the Board of Directors on July 19, 2005 and July 18, 2006. Share buyback program TOTAL and its shareholders Share buybacks 4,6 2003 2004 2005 2006 Special report based on Article L 225-209 of the French Commercial Code Shares repurchased during 2006 In 2006, the Company repurchased 6,017,159 shares of TOTAL stock, par value 10 euros per share, representing 24,068,636 shares of TOTAL stock, par value 2.50 euros per share, under the authorization granted by the General Meeting of Shareholders of May 17, 2005 and 54,152,048 TOTAL shares, par value 2.50 euros per share, were repurchased under the authorization granted by the General Meeting of Shareholders of May 12, 2006. Thus, 78,220,684 shares of TOTAL stock, par value 2.50 euros per share, were repurchased in 2006 at an average price of 52.34 euros per share, for a total cost of 4.09 B€: 3,5 • 75,925,000 TOTAL shares were repurchased at an average price of 52.35 euros per share, for cancellation, for a total cost 2,8 3,1 6 TOTAL – Registration Document 2006 133
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Registration Document 2006
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Registration Document 2006 This is
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Key figures Selected financial info
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116,842 Key figures Operating and m
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Refined product sales including Tra
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Business overview History and strat
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Upstream TOTAL’s Upstream segment
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Exploration & Production Exploratio
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Production For the full year 2006,
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Presentation of production activiti
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Europe Business overview Exploratio
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Africa TOTAL has been present in Af
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this zone through its subsidiaries
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North America Since 2004, TOTAL has
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Trinidad & Tobago TOTAL holds a 30%
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TOTAL also has a 50% interest in th
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Europe TOTAL’s production in Euro
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K6-GT platform, in anticipation of
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The Group also holds a 20% interest
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Gas & Power The Gas & Power divisio
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Asia Pacific The Hazira re-gasifica
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In Morocco, Temasol, in which TOTAL
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Refining & Marketing As of December
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Refined products The table below se
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capacity oil recycling plant in Fra
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In 2006, the principal market bench
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Base Chemicals TOTAL’s Base Chemi
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Specialties TOTAL’s Specialties s
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Investments Main investments made o
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Property, Plant and Equipment TOTAL
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Board of Directors Executive Commit
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Management Report of the Board of D
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Market environment 2006 2005 2004 E
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Upstream results Liquids and gas pr
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Downstream results For the full yea
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Liquidity and capital resources Lon
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Research and development Research a
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Trends and outlook Outlook Since th
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Risk Factors Market risks p. 76 •
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The Group has implemented strict po
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The non-current debt in dollars des
Page 83 and 84: Grande Paroisse An explosion occurr
Page 85 and 86: Myanmar Under the Belgian “univer
Page 87 and 88: Risk management Risk evaluations le
Page 89 and 90: TOTAL, like other major internation
Page 91 and 92: Insurance and risk management Organ
Page 93 and 94: Corporate Governance Board of Direc
Page 95 and 96: Daniel Bouton 56 years old. Inspect
Page 97 and 98: Bertrand Jacquillat 62 years old. A
Page 99 and 100: Michel Pébereau 64 years old. Hono
Page 101 and 102: Management General Management On Ma
Page 103 and 104: Corporate Governance Compensation o
Page 105 and 106: Pensions and other commitments (Art
Page 107 and 108: Within this framework, the Board’
Page 109 and 110: Members of the Audit Committee may
Page 111 and 112: Messrs. Bouton, Collomb, Desmarais,
Page 113 and 114: establishes and maintains procedure
Page 115 and 116: Employees, Share Ownership, Stock O
Page 117 and 118: Corporate Governance Employees, Sha
Page 119 and 120: TOTAL stock options Corporate Gover
Page 125 and 126: Restricted share plans as of Decemb
Page 127 and 128: TOTAL and its shareholders Listing
Page 129 and 130: Four-for-one stock split The Genera
Page 131 and 132: Information Summary TOTAL and its s
Page 133: Dividends Dividend policy In accord
Page 137 and 138: Summary table of transactions compl
Page 139 and 140: cancels and replaces the unused por
Page 141 and 142: which was approved by the French Co
Page 143 and 144: Shareholder structure Distribution
Page 145 and 146: Non-resident individual taxpayers e
Page 147 and 148: The Committee also worked on the co
Page 149 and 150: 2007 Calendar February 14 Results f
Page 151 and 152: Financial information Historical fi
Page 153 and 154: Additional information Financial in
Page 155 and 156: General information Share capital p
Page 157 and 158: Pursuant to this authorization, the
Page 159 and 160: Potential capital as of December 31
Page 161 and 162: General information Share capital J
Page 163 and 164: Directors’ Charter and Committees
Page 165 and 166: Other matters Employee incentives a
Page 167 and 168: Information on holdings General inf
Page 169 and 170: Statutory auditors’ report on the
Page 171 and 172: Consolidated statement of income TO
Page 173 and 174: Consolidated statement of cash flow
Page 175 and 176: On February 13, 2007, the Board of
Page 177 and 178: G. Earnings per share Earnings per
Page 179 and 180: equal to the market price. For unli
Page 181 and 182: The net periodic pension cost is re
Page 183 and 184: (iii) Portion of intangible assets
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A. Information by business segment
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Appendix 1 - Consolidated financial
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ADJUSTMENTS TO OPERATING INCOME 200
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In 2006, gains and losses on sales
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Property, plant and equipment prese
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14) Other non-current assets As of
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The variation of the weighted-avera
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18) Employee benefits obligations P
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The components of the net periodic
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20) Financial debt and related fina
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Impact on net income The amount of
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23) Commitments and contingencies A
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Other guarantees given Non-consolid
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25) Payroll and staff For the year
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The classification by strategy and
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B) Financial instruments related to
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29) Market risks Oil and gas market
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As a result of its policy for manag
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3) The Group has recorded provision
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53.2% 95.7% Elf Aquitaine 99.5% 100
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Oil and gas reserves p. 238 • Cha
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Changes in liquids reserves Appendi
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Changes in liquids and gas reserves
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Costs incurred in oil and gas prope
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Appendix 2 - Supplemental oil and g
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Other information Accounting for ex
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Appendix 3 - TOTAL S.A. Special aud
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(Free translation of a French langu
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Balance Sheet (TOTAL S.A.) Appendix
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Statement of changes in Shareholder
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2) Property, plant and equipment As
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6) Shareholders’ equity A) Common
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7) Contingency reserves As of Decem
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11) Translation adjustment The appl
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20) Commitments As of December 31 (
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TOTAL share purchase options plans
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Appendix 3 - TOTAL S.A. Parent comp
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List of marketable securities held
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Distribution of earnings 2006 Net d
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Social and environmental informatio
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AVERAGE COMPENSATION PER MONTH - TO
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Environment Pursuant to French law
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Consolidated financial information
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European Cross Reference List 10. C
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TOTAL S.A. Registered Office: 2, pl
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Registration document 2007 - Total.com

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