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