Registration document 2007 - Total.com

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9 The market value of the Group’s share in CEPSA amounted to 7,762 M€ as of December 31, 2006. The market value of the Group’s share in Sanofi-Aventis amounted to 12,485 M€ as of December 31, 2006. CEPSA CONDENSED BALANCE SHEET As of December 2006 (in M€) Non-current assets 4,465 Shareholders’ equity 4,838 Current assets 4,259 Non-current liabilities 1,356 Current liabilities 2,530 Total 8,724 Total 8,724 INCOME STATEMENT INFORMATION As of December 31, 2006 (in M€) 2006 Revenues 18,473 Consolidated net income, group share 812 Sanofi-Aventis CONDENSED BALANCE SHEET As of December 31, 2006 (in M€) Non-current assets 65,603 Shareholders’ equity 45,820 Current assets 12,160 Non-current liabilities 21,665 Current liabilities 10,278 Total 77,763 Total 77,763 INCOME STATEMENT INFORMATION As of December 31, 2006 (in M€) 2006 Revenues 28,373 Consolidated net incomes, group share 4,006 13) Other investments As of December 31, 2006 (in M€) 2006 2005 Carrying Unrealized Balance Carrying Unrealized Balance amount gain (loss) sheet value amount gain (loss) sheet value I.C.E. (Inter Continental Exchange) (a) - - - 1 138 139 Santander Central Hispano (SCH) (a) - - - 93 88 181 Areva 69 135 204 69 79 148 Arkema 16 82 98 - - - Other publicly traded equity securities 1 1 2 1 - 1 Total publicly traded equity security (b) 86 218 304 164 305 469 BBPP 80 - 80 89 - 89 Oman LNG LLC 6 - 6 7 - 7 BTC Limited 185 - 185 177 - 177 Other equity securities 675 - 675 774 - 774 Total other equity securities (b) 946 - 946 1,047 - 1,047 Other investments 1,032 218 1,250 1,211 305 1,516 (a) Shares sold in 2006. (b) Including impairment for 668 M€ in 2006 and 820 M€ in 2005. These investments are recognized under "Financial assets held for sales” (see note 1L to the consolidated financial statements). 200 Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement TOTAL – Registration Document 2006
14) Other non-current assets As of December 31, 2006 (in M€) 2006 2005 Gross Valuation Net Gross Valuation Net value allowance value value allowance value Deferred income tax assets 806 - 806 1,392 - 1,392 Loans and advances (a) 1,513 (488) 1,025 1,786 (584) 1,202 Other 257 - 257 200 - 200 Total 2,576 (488) 2,088 3,378 (584) 2 794 (a) Excluding loans to equity affiliates. 15) Inventories As of December 31, 2006 (in M€) 2006 2005 Gross Valuation Net Gross Valuation Net value allowance value value allowance value Crude oil and natural gas 4,038 (90) 3,948 3,619 - 3,619 Refined products 5,373 (44) 5,329 5,584 (14) 5,570 Chemical products 1,544 (90) 1,454 2,803 (175) 2,628 Other inventories 1,231 (216) 1,015 1,097 (224) 873 Total 12,186 (440) 11,746 13,103 (413) 12,690 16) Accounts receivable and other current assets Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement As of December 31, (in M€) 2006 2005 Gross Valuation Net Gross Valuation Net value allowance value value allowance value Accounts receivable 17,882 (489) 17,393 20,174 (562) 19,612 Other receivables 1,878 - 1,878 1,534 - 1,534 Recoverable taxes 2,098 - 2,098 2,119 - 2,119 Deferred income tax 94 - 94 126 - 126 Prepaid expenses 745 - 745 799 - 799 Other current assets 2,471 (39) 2,432 2,284 (63) 2,221 Other current assets 7,286 (39) 7,247 6,862 (63) 6,799 9 TOTAL – Registration Document 2006 201
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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
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cancels and replaces the unused por
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which was approved by the French Co
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Shareholder structure Distribution
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Non-resident individual taxpayers e
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The Committee also worked on the co
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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 201: Property, plant and equipment prese
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
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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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