Registration document 2007 - Total.com
Registration document 2007 - Total.com
Registration document 2007 - Total.com
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9<br />
2004 (adjusted)<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) (63,961) (13,868) (524) 17,693 (73,873)<br />
Depreciation, depletion and amortization<br />
of tangible assets and leasehold rights (3,188) (1,019) (524) (31) - (4,762)<br />
Adjusted operating in<strong>com</strong>e 12,844 3,235 960 (349) - 16,690<br />
Equity in in<strong>com</strong>e (loss) of affiliates and other items 320 98 139 672 - 1,229<br />
Tax on net operating in<strong>com</strong>e (7,305) (1,002) (163) 240 - (8,230)<br />
Adjusted net operating in<strong>com</strong>e 5,859 2,331 936 563 - 9,689<br />
Net cost of net debt (92)<br />
Minority interests and dividends on<br />
subsidiaries’ redeemable preferred shares (272)<br />
Adjusted net in<strong>com</strong>e from continuing operations<br />
Group share 9,325<br />
Adjusted net in<strong>com</strong>e from discontinued operations<br />
Group share (194)<br />
Adjusted net in<strong>com</strong>e 9,131<br />
2004<br />
(in M€) Upstream Downstream Chemicals Corporate Inter-<strong>com</strong>pany <strong>Total</strong><br />
<strong>Total</strong> expenditures 6,202 1,675 949 78 8,904<br />
Divestitures at sale price 637 200 122 233 1,192<br />
Cash flow from operating activities 10,347 3,269 600 446 14,662<br />
Balance sheet as of December 31, 2004<br />
Property, plant and equipment, intangible assets, net 24,249 7,466 6,146 221 38,082<br />
Investments in equity affiliates 1,455 1,347 589 6,412 9,803<br />
Loans to equity affiliates and other non-current assets 1,865 1,064 791 706 4,426<br />
Working capital (1,665) 3,870 3,436 142 5,783<br />
Provisions and other non-current liabilities (9,624) (2,347) (2,610) (1,702) (16,283)<br />
Capital Employed (balance sheet) 16,280 11,400 8,352 5,779 41,811<br />
Less inventory valuation effect - (1,746) (199) 404 (1,541)<br />
Capital Employed<br />
(Business segment information) 16,280 9,654 8,153 6,183 40,270<br />
ROACE as a percentage<br />
(of continuing operations) 36% 25% 15% 26%<br />
188<br />
Appendix 1 – Consolidated financial statements<br />
Notes to the consolidated financial statement<br />
TOTAL – <strong>Registration</strong> Document 2006