Registration document 2007 - Total.com

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by the Sanofi-Aventis extraordinary shareholders’ meeting
on December 23, 2004 and took effect on December 31, 2004.
The acquisition of Aventis by Sanofi-Synthélabo results in a
dilution of the Group’s equity in the company. After deduction
of Sanofi-Aventis’ own shares, the Group owns 13.25% of the
capital of Sanofi-Aventis as of December 31, 2004 instead of
25.63% of the capital of Sanofi-Synthélabo as of
December 31, 2003.
Sanofi-Aventis is consolidated in the Group’s accounts according
to the equity method.
4) Business segment information
Financial information by business segment is reported in
accordance with the internal reporting system and shows internal
segment information that is used to manage and measure the
performance of TOTAL. The Group’s activities are conducted
through three business segments: Upstream, Downstream and
Chemicals.
• The Upstream segment includes the exploration and
production of hydrocarbons, gas, power and other energies
activities.
• The Downstream segment includes refining and marketing
activities along with trading and shipping activities.
• The Chemical segment includes Base Chemicals and
Specialties.
The Corporate segment includes the operating and financial
activities of the holding companies as well as healthcare activities
(Sanofi-Aventis).
The operational profit and assets are broken down by business
segment prior to the consolidation and inter-segment
adjustments.
Sales prices between business segments approximate market
prices.
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Appendix 1 – Consolidated financial statements
Notes to the consolidated financial statement
TOTAL – Registration Document 2006