Registration document 2007 - Total.com

More documents

Recommendations

Info

9 Net intangible Net depreciation Currency Net intangible assets as of and amortization of translation assets as of (in M€) January 1, 2006 Acquisitions Disposals intangible assets adjustment Other Dec. 31, 2006 2006 4,384 675 (25) (282) (337) 290 4,705 2005 3,176 274 (91) (370) 296 1,099 4,384 In 2005, the heading “Others” includes mainly the impact of “proved and unproved leasehold rights” from Deer Creek Energy Ltd for 1,015 M€ (see note 3 to the consolidated financial statements). A summary of changes in the carrying amount of goodwill by business segment for the year ended December 31, 2006 is as follows: Net goodwill as of Net goodwill as of (in M€) January 1, 2006 Increases Impairments Other December 31, 2006 Upstream 96 - - (1) 95 Downstream 123 19 - (4) 138 Chemicals 917 84 - (135) 866 Holding 25 - - 25 Total 1,161 103 - (140) 1,124 11) Property, plant and equipment As of December 31 (in M€) 2006 2005 Depreciation and Depreciation and Cost amortization Net Cost amortization Net Upstream properties Proved properties 60,063 (39,211) 20,852 58,980 (38,646) 20,334 Unproved properties 20 (1) 19 8 (1) 7 Work in progress 7,080 (22) 7,058 6,136 (29) 6,107 Subtotal Other property, plant and equipment 67,163 (39,234) 27,929 65,124 (38,676) 26,448 Land and preparation costs Machinery, plant and equipment 1,550 (445) 1,105 1,646 (392) 1,254 (including transportation equipment) 20,724 (14,131) 6,593 23,533 (16,699) 6,834 Buildings 5,392 (3,289) 2,103 6,444 (4,070) 2,374 Construction in progress 1,228 (14) 1,214 1,482 (31) 1,451 Other 6,154 (4,522) 1,632 7,805 (5,598) 2,207 Subtotal 35,048 (22,401) 12,647 40,910 (26,790) 14,120 Total property, plant and equipment 102,211 (61,635) 40,576 106,034 (65,466) 40,568 Net tangible Net depreciation Currency Net tangible assets as of and amortization of translation assets as of (in M€) January 1, 2006 Acquisitions Disposals tangible assets adjustment Other Dec. 31, 2006 2006 40,568 9,209 (175) (5,010) (2,373) (1,643) 40,576 2005 34,906 8,208 (336) (5,282) 3,013 59 40,568 As of December 31, 2006, the heading “Other” includes mainly the impact of the spin-off of Arkema for 1,310 M€. 198 Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement TOTAL – Registration Document 2006
Property, plant and equipment presented above include the following amounts for facilities and equipment under finance leases that have been capitalized: As of December 31 (in M€) 2006 2005 Depreciation and Depreciation and Cost amortization Net Cost amortization Net Machinery, plant and equipment 518 (244) 274 491 (212) 279 Buildings 40 (27) 13 26 (18) 8 Development works - - - - - - Total 558 (271) 287 517 (230) 287 12) Equity affiliates: investment and loans (in M€) As of December 31 2006 2005 2006 2005 2006 2005 2004 equity equity equity % % equity equity in income in income in income owned owned value value (loss) (loss) (loss) NLNG 15.00% 15.00% 887 726 329 190 158 CEPSA (Upstream share) 48.83% 45.28% 253 311 104 99 75 Qatargas 10.00% 10.00% 186 156 119 46 42 Gasoducto Gasandes Argentina 56.50% 56.50% 115 132 7 7 6 SCP Limited 10.00% 10.00% 100 89 - - - Ocensa 15.20% 15.20% 64 71 - - - Société du Terminal Méthanier De Fos Cavaou (c) 30.30% - 63 - (4) - - Moattama Gas Transportation Cy 31.24% 31.24% 61 64 63 45 40 Hidroneuquen Piedra del Aguila (a) - 41.30% - 61 - 4 41 Total Tractebel Emirates Power Company 50.00% 50.00% 61 55 3 3 4 Qatar Liquefied Gas Company Limited II (c) 8.35% - 55 - - - - Abu Dhabi Gas Ind, Ltd 15.00% 15.00% 48 54 - - - Gas Invest SA 27.24% 27.24% 53 47 12 (3) (59) Gasoducto Gasandes sa (Chili) 56.50% 56.50% 39 40 - - 2 Humber Power Ltd (a) - - - - - 16 24 CFMH (a) - - - - - - 35 Other - - 168 145 13 28 35 Total Upstream 2,153 1,951 646 435 403 CEPSA (Downstream share) 48.83% 45.28% 1,735 1,372 246 321 211 Wepec (2) 22.41% 22.41% 62 74 1 11 - Other - - 125 129 26 24 15 Total Downstream 1,922 1,575 273 356 226 CEPSA (Chemicals share) 48.83% 45.28% 503 431 26 39 29 Qatar Petrochemical Company Ltd 20.00% 20.00% 147 141 45 39 32 Other - - 63 161 - 4 9 Total Chemicals 713 733 71 82 70 Sanofi-Aventis 13.13% 13.19% 7,010 7,087 556 299 459 CEPSA (Holding share) 48.83% 45.28% - - 147 - - Other - - - 7 - 1 - Total Holding 7,010 7,094 703 300 459 Total investments 11,798 11,353 1,693 1,173 1,158 Loans 1,533 1,299 Total investments and loans 13,331 12,652 (a) Investment disposed of in 2005 and 2006. (b) Investment accounted for under the equity method as from 2005. (c) New acquisitions 2006. Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement 9 TOTAL – Registration Document 2006 199
Page 1 and 2:
Registration Document 2006
Page 3 and 4:
Registration Document 2006 This is
Page 5 and 6:
Key figures Selected financial info
Page 7 and 8:
116,842 Key figures Operating and m
Page 9 and 10:
Refined product sales including Tra
Page 11 and 12:
Business overview History and strat
Page 13 and 14:
Upstream TOTAL’s Upstream segment
Page 15 and 16:
Exploration & Production Exploratio
Page 17 and 18:
Production For the full year 2006,
Page 19 and 20:
Presentation of production activiti
Page 21 and 22:
Europe Business overview Exploratio
Page 23 and 24:
Africa TOTAL has been present in Af
Page 25 and 26:
this zone through its subsidiaries
Page 27 and 28:
North America Since 2004, TOTAL has
Page 29 and 30:
Trinidad & Tobago TOTAL holds a 30%
Page 31 and 32:
TOTAL also has a 50% interest in th
Page 33 and 34:
Europe TOTAL’s production in Euro
Page 35 and 36:
K6-GT platform, in anticipation of
Page 37 and 38:
The Group also holds a 20% interest
Page 39 and 40:
Gas & Power The Gas & Power divisio
Page 41 and 42:
Asia Pacific The Hazira re-gasifica
Page 43 and 44:
In Morocco, Temasol, in which TOTAL
Page 45 and 46:
Refining & Marketing As of December
Page 47 and 48:
Refined products The table below se
Page 49 and 50:
capacity oil recycling plant in Fra
Page 51 and 52:
In 2006, the principal market bench
Page 53 and 54:
Base Chemicals TOTAL’s Base Chemi
Page 55 and 56:
Specialties TOTAL’s Specialties s
Page 57 and 58:
Investments Main investments made o
Page 59 and 60:
Property, Plant and Equipment TOTAL
Page 61 and 62:
Board of Directors Executive Commit
Page 63 and 64:
Management Report of the Board of D
Page 65 and 66:
Market environment 2006 2005 2004 E
Page 67 and 68:
Upstream results Liquids and gas pr
Page 69 and 70:
Downstream results For the full yea
Page 71 and 72:
Liquidity and capital resources Lon
Page 73 and 74:
Research and development Research a
Page 75 and 76:
Trends and outlook Outlook Since th
Page 77 and 78:
Risk Factors Market risks p. 76 •
Page 79 and 80:
The Group has implemented strict po
Page 81 and 82:
The non-current debt in dollars des
Page 83 and 84:
Grande Paroisse An explosion occurr
Page 85 and 86:
Myanmar Under the Belgian “univer
Page 87 and 88:
Risk management Risk evaluations le
Page 89 and 90:
TOTAL, like other major internation
Page 91 and 92:
Insurance and risk management Organ
Page 93 and 94:
Corporate Governance Board of Direc
Page 95 and 96:
Daniel Bouton 56 years old. Inspect
Page 97 and 98:
Bertrand Jacquillat 62 years old. A
Page 99 and 100:
Michel Pébereau 64 years old. Hono
Page 101 and 102:
Management General Management On Ma
Page 103 and 104:
Corporate Governance Compensation o
Page 105 and 106:
Pensions and other commitments (Art
Page 107 and 108:
Within this framework, the Board’
Page 109 and 110:
Members of the Audit Committee may
Page 111 and 112:
Messrs. Bouton, Collomb, Desmarais,
Page 113 and 114:
establishes and maintains procedure
Page 115 and 116:
Employees, Share Ownership, Stock O
Page 117 and 118:
Corporate Governance Employees, Sha
Page 119 and 120:
TOTAL stock options Corporate Gover
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Restricted share plans as of Decemb
Page 127 and 128:
TOTAL and its shareholders Listing
Page 129 and 130:
Four-for-one stock split The Genera
Page 131 and 132:
Information Summary TOTAL and its s
Page 133 and 134:
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 and 186: A. Information by business segment
Page 187 and 188: 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 199: Appendix 1 - Consolidated financial
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
Page 241 and 242: Changes in liquids reserves Appendi
Page 243 and 244: Changes in liquids and gas reserves
Page 245 and 246: Costs incurred in oil and gas prope
Page 247 and 248: Appendix 2 - Supplemental oil and g
Page 249 and 250: Other information Accounting for ex
Page 251 and 252:
Appendix 3 - TOTAL S.A. Special aud
Page 253 and 254:
(Free translation of a French langu
Page 255 and 256:
Balance Sheet (TOTAL S.A.) Appendix
Page 257 and 258:
Statement of changes in Shareholder
Page 259 and 260:
2) Property, plant and equipment As
Page 261 and 262:
6) Shareholders’ equity A) Common
Page 263 and 264:
7) Contingency reserves As of Decem
Page 265 and 266:
11) Translation adjustment The appl
Page 267 and 268:
20) Commitments As of December 31 (
Page 269 and 270:
TOTAL share purchase options plans
Page 271 and 272:
Appendix 3 - TOTAL S.A. Parent comp
Page 273 and 274:
List of marketable securities held
Page 275 and 276:
Distribution of earnings 2006 Net d
Page 277 and 278:
Social and environmental informatio
Page 279 and 280:
AVERAGE COMPENSATION PER MONTH - TO
Page 281 and 282:
Environment Pursuant to French law
Page 283 and 284:
Consolidated financial information
Page 285 and 286:
European Cross Reference List 10. C
Page 288:
TOTAL S.A. Registered Office: 2, pl
show all

Registration document 2007 - Total.com

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?