Registration document 2007 - Total.com

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9 2004 (adjusted) (in M€) Upstream Downstream Chemicals Corporate Inter-company Total Non-Group sales 15,037 86,896 14,886 23 - 116,842 Inter-segment sales 14,208 2,836 466 183 (17,693) Excise taxes - (21,517) - - - (21,517) Revenues from sales 29,245 68,215 15,352 206 (17,693) 95,325 Operating expenses (13,213) (63,961) (13,868) (524) 17,693 (73,873) Depreciation, depletion and amortization of tangible assets and leasehold rights (3,188) (1,019) (524) (31) - (4,762) Adjusted operating income 12,844 3,235 960 (349) - 16,690 Equity in income (loss) of affiliates and other items 320 98 139 672 - 1,229 Tax on net operating income (7,305) (1,002) (163) 240 - (8,230) Adjusted net operating income 5,859 2,331 936 563 - 9,689 Net cost of net debt (92) Minority interests and dividends on subsidiaries’ redeemable preferred shares (272) Adjusted net income from continuing operations Group share 9,325 Adjusted net income from discontinued operations Group share (194) Adjusted net income 9,131 2004 (in M€) Upstream Downstream Chemicals Corporate Inter-company Total Total expenditures 6,202 1,675 949 78 8,904 Divestitures at sale price 637 200 122 233 1,192 Cash flow from operating activities 10,347 3,269 600 446 14,662 Balance sheet as of December 31, 2004 Property, plant and equipment, intangible assets, net 24,249 7,466 6,146 221 38,082 Investments in equity affiliates 1,455 1,347 589 6,412 9,803 Loans to equity affiliates and other non-current assets 1,865 1,064 791 706 4,426 Working capital (1,665) 3,870 3,436 142 5,783 Provisions and other non-current liabilities (9,624) (2,347) (2,610) (1,702) (16,283) Capital Employed (balance sheet) 16,280 11,400 8,352 5,779 41,811 Less inventory valuation effect - (1,746) (199) 404 (1,541) Capital Employed (Business segment information) 16,280 9,654 8,153 6,183 40,270 ROACE as a percentage (of continuing operations) 36% 25% 15% 26% 188 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 B) Reconciliation between business segment information and the consolidated statement of income The table below reconciles the information presented above with the consolidated statement of income: 2006 Consolidated (in M€) Adjusted Adjustment items(*) statement of income Sales 153,802 - 153,802 Excise taxes (21,113) - (21,113) Revenues from sales 132,689 - 132,689 Purchases, net of inventory variation (83,020) (314) (83,334) Other operating expenses (19,393) (143) (19,536) Exploration costs (634) - (634) Depreciation, depletion and amortization of tangible assets and leasehold rights Operating income (4,994) (61) (5,055) Corporate (518) (27) (545) Business segments 25,166 (491) 24,675 Total operating income 24,648 (518) 24,130 Other income 423 366 789 Other expense (330) (373) (703) Financial interest on debt (1,731) - (1,731) Financial income from marketable securities & cash equivalents 1,367 - 1,367 Cost of net debt (364) - (364) Other financial income 592 - 592 Other financial expense (277) - (277) Income taxes (13,675) (45) (13,720) Equity in income (loss) of affiliates 1,935 (242) 1,693 Net income from continuing operations (Group without Arkema) 12,952 (812) 12,140 Net income from discontinued operations (Arkema) 14 (19) (5) Consolidated net income 12,966 (831) 12,135 Group share 12,585 (817) 11,768 Minority interests 381 (14) 367 (*) Adjustments include special items, inventory valuation effect and equity share of amortization of intangible assets related to the Sanofi-Aventis merger. 9 TOTAL – Registration Document 2006 189
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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
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Share buybacks The General Meeting
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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 and 186: A. Information by business segment
Page 187 and 188: Appendix 1 - Consolidated financial
Page 189: 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
Page 237 and 238: 53.2% 95.7% Elf Aquitaine 99.5% 100
Page 239 and 240: 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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