Registration document 2007 - Total.com

Other matters
Employee incentives and profit-sharing
On June 30, 2006, an incentive agreement and a profit-sharing
agreement were signed for 2006, 2007 and 2008, concerning
TOTAL S.A., CDF Énergie, Elf Exploration Production, Total E&P
France, Total France, Total Infrastructures Gaz France, Total
Lubrifiants, Total Additifs et Carburants Spéciaux, Total Fluides
and Totalgaz.
The amount of the special profit-sharing and incentives reserve to
be distributed by all of the companies that signed the Group
agreements for fiscal year 2006 would total 103 M€.
Company savings plans give employees of the Group’s
companies covered by these plans the ability to make voluntary
contributions (to which the Company adds, under certain
conditions) to plans invested in shares of the Company (see
pages 113 to 114).
In order to reaffirm the Group’s commitment in favor of
sustainable development, the fund « TOTAL Diversifié à
Dominantes actions » was converted on September 2006, into a
Socially Responsible Investment fund (Fonds à Investissement
Socialement Responsable).
The Group made supplemental contributions to the various
savings plans that amounted to 48 M€ in 2006.
Pension Savings Plan
Pursuant to French law 2003-775 of August 21, 2003 reforming
pensions, an agreement was signed with the unions on
September 29, 2004 to set up, as of January 1, 2005, a
« Collective Retirement Savings Plan » (PERCO) to replace the
« Voluntary Partnerships Plan for Employee Savings » (PPESV)
created in the agreement of March 15, 2002. An amendment to
this agreement was signed on December 20, 2005 to increase,
in France, the employees and Company contributions, and to
allow contributions of bonuses and/or profit-sharing.
Agreements mentioned in Article L 225-100-3
of the French Commercial Code
There are no agreements mentioned in paragraph 9 or 10 of
Article L 225-100-3 of the French Commercial Code.
General information
Other matters
Filing of Form 20-F with the Securities and
Exchange Commission
8
In order to meet its obligations resulting from the listing of its
shares in the United States, the Company files, along with this
document, an annual document (Form 20-F) in English with the
Securities and Exchange Commission (SEC).
This document contains a table showing the reconciliation
between its consolidated financial statements and the statements
that would be presented under U.S. accounting standards.
The principal variance concerns the treatment of the
consolidation of Elf Aquitaine and PetroFina. Pursuant to IFRS 1
“First-time adoption of the IFRS”, the Group opted for the
exemption not to restate business combinations prior to
January 1, 2004. Thus, the consolidations of Elf Aquitaine and
PetroFina are accounted for as a pooling of interests in the IFRS
statements and as acquisitions in the U.S. statements.
The other differences result from various methods presenting
incompatibilities under accounting standards.
These differences, which have their origin in various practices for
valuing balance sheet items, have no impact on cash flows, cash
and cash equivalents or financial liabilities.
The detailed explanations of the differences described above are
presented in the Form 20-F available on the Group’s website.
Moreover, the Company specifies that, pursuant to the
requirements introduced by section 302 of the Sarbanes-Oxley
Act of July 30, 2002, the Chief Executive Officer and the Chief
Financial Officer of the Company conducted, with the assistance
of Management, an evaluation of the effectiveness of the
disclosure controls and procedures as defined by U.S.
regulations, for the period covered by the Form 20-F. For 2006,
the Chief Executive Officer and the Chief Financial Officer
concluded that disclosure controls and procedures were
effective.
TOTAL – Registration Document 2006 163