Registration document 2007 - Total.com
Registration document 2007 - Total.com
Registration document 2007 - Total.com
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Appendix 1 – Consolidated financial statements<br />
Notes to the consolidated financial statement<br />
2004<br />
(in M€) Upstream Downstream Chemicals Corporate Inter-<strong>com</strong>pany <strong>Total</strong><br />
Non-Group sales 15,037 86,896 14,886 23 - 116,842<br />
Inter-segment sales 14,208 2,836 466 183 (17,693) -<br />
Excise taxes (21,517) - (21,517)<br />
Revenues from sales 29,245 68,215 15,352 206 (17,693) 95,325<br />
Operating expenses (13,213) (63,524) (13,636) (524) 17,693 (73,204)<br />
Depreciation, depletion and amortization<br />
of tangible assets and leasehold rights (3,188) (1,053) (823) (31) - (5,095)<br />
Operating in<strong>com</strong>e 12,844 3,638 893 (349) - 17,026<br />
Equity in in<strong>com</strong>e (loss) of affiliates and other items 148 95 (170) 3,477 - 3,550<br />
Tax on net operating in<strong>com</strong>e (7,281) (1,131) (73) (152) - (8,637)<br />
Net operating in<strong>com</strong>e 5,711 2,602 650 2,976 - 11,939<br />
Net cost of net debt (92)<br />
Minority interests and dividends on<br />
subsidiaries’ redeemable preferred shares (284)<br />
Net in<strong>com</strong>e from continuing operations<br />
Group share 11,563<br />
Net in<strong>com</strong>e from discontinued operations<br />
Group share (695)<br />
Net in<strong>com</strong>e 10,868<br />
2004 (adjustments)(*)<br />
(in M€) Upstream Downstream Chemicals Corporate Inter-<strong>com</strong>pany <strong>Total</strong><br />
Non-Group sales<br />
Inter-segment sales<br />
Excise taxes<br />
Revenues from sales<br />
Operating expenses - 437 232 - 669<br />
Depreciation, depletion and amortization<br />
of tangible assets and leasehold rights - (34) (299) - (333)<br />
Operating in<strong>com</strong>e (a) - 403 (67) - 336<br />
Equity in in<strong>com</strong>e (loss) of affiliates and other items (b) (172) (3) (309) 2,805 2,321<br />
Tax on net operating in<strong>com</strong>e 24 (129) 90 (392) (407)<br />
Net operating in<strong>com</strong>e (a) (148) 271 (286) 2,413 2,250<br />
Net cost of net debt -<br />
Minority interests and dividends on<br />
subsidiaries’ redeemable preferred shares (12)<br />
Net in<strong>com</strong>e from continuing operations<br />
Group share 2,238<br />
Net in<strong>com</strong>e from discontinued operations<br />
Group share (501)<br />
Net in<strong>com</strong>e 1,737<br />
(*) Adjustments include special items, inventory valuation effect and equity share of amortization of intangible assets related to the Sanofi-Aventis merger.<br />
(a) Of which inventory valuation effect<br />
On operating in<strong>com</strong>e - 487 232 -<br />
On net operating in<strong>com</strong>e<br />
(b) Of which equity share of amortization of intangible<br />
- 349 157 -<br />
assets related to Sanofi-Aventis - - - (114)<br />
9<br />
TOTAL – <strong>Registration</strong> Document 2006 187