Registration document 2007 - Total.com

9
• 98,307,596 shares held by subsidiaries of Elf Aquitaine
(Financière Valorgest, Sogapar and Fingestval)
These shares are deducted from the consolidated shareholders’
equity.
Dividend per share
During the year 2006, TOTAL S.A. paid on May 18, 2006, the
balance of the dividend of 3.48 euros per share par value
10 euros, or 0.87 euros per share, par value 2.50 euros, for the
fiscal year 2005, as well as on November 17, 2006, an interim
dividend of 0.87 euros per share, par value 2.50 euros, for the
fiscal year 2006.
A resolution will be submitted at the Shareholders’ Meeting of
May 11, 2007 to pay a dividend of 1.87 euros per share, par
value 2.50 euros for the fiscal year 2006, which leaves a balance
to be paid of 1.00 euro per share, after deduction of the interim
dividend of 0.87 euros paid on November 17, 2006.
Paid-in surplus
In accordance with French law, the paid-in surplus corresponds
to share premiums of the parent company which can be
capitalized or used to offset losses if the legal reserve has
reached its minimum required level. The amount of the paid-in
204
Appendix 1 – Consolidated financial statements
Notes to the consolidated financial statement
TOTAL – Registration Document 2006
surplus may also be distributed subject to taxation unless the
unrestricted reserves of the parent company are distributed prior
to or simultaneously with this item.
As of December 31, 2006 paid-in surplus amounted to
31,156 M€ (34,563 M€ as of December 31, 2005).
Reserves
Under French laws, 5% of net income must be transferred to the
legal reserve until the legal reserve reaches 10% of the capital
par value. This reserve cannot be distributed to the shareholders
other than in liquidation but can be used to offset losses.
If wholly distributed, the unrestricted reserves of the parent
company would be taxed for an approximate amount of 70 M€
as of December 31, 2006 (70 M€ as of December 31, 2005).
Items recognized directly in equity
Shareholders’ equity is directly credited of (2,676) M€ in 2006
due to the following items:
Amounts (in M€) 2006 2005
Cumulative translation adjustment, Group share (2,595) 2,850
Changes in deferred taxes on treasury shares - 242
Changes in fair value of financial assets available for sale (61) 160
Others 24 16
Group share (2,632) 3,268
Minority interests and preferred shares (44) 51
Total items recognized directly in equity (2,676) 3,319