Registration document 2007 - Total.com

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9 2006 (adjusted) (in M€) Upstream Downstream Chemicals Corporate Inter-company Total Non-Group sales 20,782 113,887 19,113 20 - 153,802 Inter-segment sales 20,603 4,927 1,169 177 (26,876) - Excise taxes - (21,113) - - - (21,113) Revenues from sales 41,385 97,701 20,282 197 (26,876) 132,689 Operating expenses (17,759) (92,937) (18,548) (679) 26,876 (103,047) Depreciation, depletion and amortization of tangible assets and leasehold rights (3,319) (1,120) (519) (36) - (4,994) Adjusted operating income 20,307 3,644 1,215 (518) - 24,648 Equity in income (loss) of affiliates and other items 1,016 206 29 1,092 - 2,343 Tax on net operating income (12,614) (1,066) (360) 211 - (13,829) Adjusted net operating income 8,709 2,784 884 785 - 13,162 Net cost of net debt (210) Minority interests and dividends on subsidiaries’ redeemable preferred shares (381) Adjusted net income from continuing operations Group share 12,571 Adjusted net income from discontinued operations Group share 14 Adjusted net income 12,585 2006 (in M€) Upstream Downstream Chemicals Corporate Inter-company Total Total expenditures 9,001 1,775 995 81 11,852 Divestitures at sale price 1,458 428 128 264 2,278 Cash flow from operating activities 11,524 3,626 972 (61) 16,061 Balance sheet as of December 31, 2006 Property, plant and equipment, intangible assets, net 31,875 8,211 4,983 212 45,281 Investments in equity affiliates 2,153 1,922 713 7,010 11,798 Loans to equity affiliates and other non-current assets 2,744 1,065 477 585 4,871 Working capital 199 6,067 2,609 (78) 8,797 Provisions and other non-current liabilities (11,427) (2,093) (1,807) (1,052) (16,379) Capital Employed (balance sheet) 25,544 15,172 6,975 6,677 54,368 Less inventory valuation effect - (2,789) (231) 738 (2,282) Capital Employed (Business segment information) 25,544 12,383 6,744 7,415 52,086 ROACE as a percentage (of continuing operations) 35% 23% 13% 26% 184 Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement TOTAL – Registration Document 2006
Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement 2005 (in M€) Upstream Downstream Chemicals Corporate Inter-company Total Non-Group sales 20,888 99,934 16,765 20 - 137,607 Inter-segment sales 19,139 4,293 602 170 (24,204) - Excise taxes - (20,550) - - - (20,550) Revenues from sales 40,027 83,677 17,367 190 (24,204) 117,057 Operating expenses (18,275) (77,517) (15,669) (624) 24,204 (87,881) Depreciation, depletion and amortization of tangible assets and leasehold rights (3,331) (1,064) (579) (33) - (5,007) Operating income 18,421 5,096 1,119 (467) - 24,169 Equity in income (loss) of affiliates and other items 587 422 (348) 367 - 1,028 Tax on net operating income (10,979) (1,570) (170) 819 - (11,900) Net operating income 8,029 3,948 601 719 - 13,297 Net cost of net debt (193) Minority interests and dividends on subsidiaries’ redeemable preferred shares (373) Net income from continuing operations Group share 12,731 Net income from discontinued operations Group share (458) Net income 12,273 2005 (adjustments)(*) (in M€) Upstream Downstream Chemicals Corporate Inter-company Total Non-Group sales Inter-segment sales Excise taxes Revenues from sales (a) Operating expenses - 1,197 49 - 1,246 Depreciation, depletion and amortization of tangible assets and leasehold rights - - (78) - (78) Operating income (a) - 1,197 (29) - 1,168 Equity in income (loss) of affiliates and other items (b) - 76 (386) (545) (855) Tax on net operating income - (241) 49 590 398 Net operating income (a) - 1,032 (366) 45 711 Net cost of net debt - Minority interests and dividends on subsidiaries’ redeemable preferred shares (8) Net income from continuing operations Group share 703 Net income from discontinued operations Group share (433) Net income 270 (*) Adjustments include special items, inventory valuation effect and equity share of amortization of intangible assets related to the Sanofi-Aventis merger. (a) Of which inventory valuation effect On operating income - 1,197 68 - On net operating income (b) Of which equity share of amortization of intangible - 1,032 50 - assets related to Sanofi-Aventis - - - (337) 9 TOTAL – Registration Document 2006 185
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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
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Grande Paroisse An explosion occurr
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Myanmar Under the Belgian “univer
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Risk management Risk evaluations le
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TOTAL, like other major internation
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Insurance and risk management Organ
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Corporate Governance Board of Direc
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Daniel Bouton 56 years old. Inspect
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Bertrand Jacquillat 62 years old. A
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Michel Pébereau 64 years old. Hono
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Management General Management On Ma
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Corporate Governance Compensation o
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Pensions and other commitments (Art
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Within this framework, the Board’
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Members of the Audit Committee may
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Messrs. Bouton, Collomb, Desmarais,
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establishes and maintains procedure
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Employees, Share Ownership, Stock O
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Corporate Governance Employees, Sha
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TOTAL stock options Corporate Gover
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Restricted share plans as of Decemb
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TOTAL and its shareholders Listing
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Four-for-one stock split The Genera
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Information Summary TOTAL and its s
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Dividends Dividend policy In accord
Page 135 and 136: Share buybacks The General Meeting
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
Page 185: A. Information by business segment
Page 189 and 190: Appendix 1 - Consolidated financial
Page 195 and 196: ADJUSTMENTS TO OPERATING INCOME 200
Page 197 and 198: In 2006, gains and losses on sales
Page 201 and 202: Property, plant and equipment prese
Page 203 and 204: 14) Other non-current assets As of
Page 205 and 206: The variation of the weighted-avera
Page 207 and 208: 18) Employee benefits obligations P
Page 209 and 210: The components of the net periodic
Page 211 and 212: 20) Financial debt and related fina
Page 215 and 216: Impact on net income The amount of
Page 217 and 218: 23) Commitments and contingencies A
Page 219 and 220: Other guarantees given Non-consolid
Page 223 and 224: 25) Payroll and staff For the year
Page 225 and 226: The classification by strategy and
Page 227 and 228: B) Financial instruments related to
Page 229 and 230: 29) Market risks Oil and gas market
Page 231 and 232: As a result of its policy for manag
Page 233 and 234: 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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