Registration document 2007 - Total.com

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Income taxes are detailed as follows:
As of December 31, (in M€) 2006 2005 2004
Current income taxes (12,997) (11,362) (7,641)
Deferred income taxes (723) (444) (962)
Total income taxes (13,720) (11,806) (8,603)
Before netting deferred tax assets and liabilities by fiscal entities, the components of deferred tax balances as of December 31, 2005 and
2006 are as follows:
As of December 31, (in M€) 2006 2005
Net operating losses and tax carry forwards 633 484
Employee benefits 830 949
Other temporarily non-deductible provisions 2,157 2,637
Gross deferred tax assets 3,620 4,070
Valuation allowance (572) (536)
Net deferred tax assets 3,048 3,534
Excess tax over book depreciation (8,180) (7,769)
Other temporary tax deductions (1,237) (1,435)
Gross deferred tax liability (9,417) (9,204)
Net deferred tax liability (6,369) (5,670)
After netting deferred tax assets and liabilities by fiscal entity, deferred taxes are presented on the balance sheet as follows:
As of December 31, (in M€) 2006 2005
Deferred tax assets, non current (note 14 “Other non-current assets”) 806 1,392
Deferred tax assets, current (note 16 “Accounts receivable & other current assets”) 94 126
Deferred tax liabilities, non current (Deferred tax) (7,139) (6,976)
Deferred tax liabilities, current (130) (212)
Net amount (6,369) (5,670)
The net deferred tax variation in the balance sheet is analyzed as follows:
As of December 31, (in M€) 2006 2005
Opening balance (5,670) (5,100)
Deferred tax on income for continuing operations (723) (444)
Deferred tax on income for discontinued operations (10) 53
Deferred tax on shareholders’ equity (a) (17) 176
Consolidated scope changes (b) (311) 29
Currency translation adjustment 362 (384)
Closing balance (6,369) (5,670)
(a) This amount includes mainly current income taxes and deferred taxes for transactions on treasury shares and for changes in fair value of listed securities classified as financial assets
available for sale.
(b) This amount includes mainly the impact of the spin-off of Arkema .
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Appendix 1 – Consolidated financial statements
Notes to the consolidated financial statement
TOTAL – Registration Document 2006