Registration document 2007 - Total.com

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9 As of December 31 (in M€) 2006 2005 2004 Pension benefits Benefit obligation 8,742 9,647 8,117 Fair value of plan assets (6,401) (6,274) (5,362) Unfunded status 2,341 3 373 2,755 Other benefits Benefit obligation 648 774 675 Fair value of plan assets - - - Unfunded status 648 774 675 The Group expects to contribute 324 M€ to its pension plans in 2007. ESTIMATED FUTURE PAYMENTS (in M€) Pension benefits Other benefits 2007 433 39 2008 449 35 2009 454 36 2010 471 35 2011 484 36 2012-2016 2,597 183 ASSET ALLOCATION Pension benefits As of December 31 2006 2005 Equity securities 42% 46% Debt securities 48% 48% Monetary 6% 3% Real estate 4% 3% Group’s assumptions of expected return on assets are built up by asset class and by country based on long term bond yields and risk premiums. ASSUMPTIONS USED TO DETERMINE BENEFITS OBLIGATIONS Pension benefits Other benefits As of December 31 2006 2005 2006 2005 Discount rate 4.69% 4.51% 4.89% 4.56% Average expected rate of salary increase 4.14% 3.63% - - Expected rate of healthcare inflation - Initial rate - - 5.57% 5.41% - Ultimate rate - - 3.65% 4.00% ASSUMPTIONS USED TO DETERMINE THE NET PERIODIC BENEFIT COST (INCOME) Pension benefits Other benefits As of December 31 2006 2005 2006 2005 Discount rate 4.51% 5.12% 4.56% 5.28% Average expected rate of salary increase 3.63% 3.66% - - Expected return on plan assets 6.14% 6.57% - - Expected rate of healthcare inflation - Initial rate - - 5.41% 5.70% - Ultimate rate - - 4.00% 4.15% 206 Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement TOTAL – Registration Document 2006
The components of the net periodic benefit cost (income) in 2006 and 2005 are: Pension benefits Other benefits As of December 31, (in M€) 2006 2005 2006 2005 Service cost 174 168 11 14 Interest cost 392 411 30 36 Expected return on plan assets (353) (356) - - Amortization of transition obligation (asset) - - - - Amortization of prior service cost 41 64 (2) (6) Amortization of actuarial losses (gains) 26 - (2) 2 Asset ceiling - 5 - - Curtailments (4) - (1) - Settlements (15) (3) - - Special termination benefits - - - - Net periodic benefit cost (income) 261 289 36 46 Net periodic benefit cost (income) from continuing operations (Group without Arkema) 256 233 35 40 Net periodic benefit cost (income) from discontinued operations (Arkema) 5 56 1 6 The assumptions for changes in healthcare costs have a significant impact on the valuations of commitments for coverage of medical expenses. A positive or negative change of one-percentage-point in the healthcare inflation rate would have approximately the following impact: (in M€) 1% point increase 1% point decrease Benefit obligation as of December 31, 2006 65 (54) Net periodic benefit cost (income) 5 (4) 19) Other non-current liabilities As of December 31, (in M€) 2006 2005 Litigations and accrued penalty claims 497 839 Provisions for environmental contingencies 574 768 Asset retirement obligations 3,893 3,710 Other non-current liabilities 1,215 1,421 Deposits received 288 313 Total 6,467 7,051 In 2006, the other non-current liabilities included namely: • the contingency reserve related to the Toulouse-AZF plant explosion (civil liability) for 176 M€ as of December 31, 2006; • provisions related to restructuring activities in the Chemicals segment for 72 M€ as of December 31, 2006. In 2005, the other non-current liabilities included namely: Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement • the contingency reserve related to the Toulouse-AZF plant explosion (civil liability) for 133 M€ as of December 31, 2005; • provisions related to restructuring activities in the Chemicals segment for 171 M€ as of December 31, 2005. VARIATION IN OTHER NON-CURRENT LIABILITIES Currency translation As of (in M€) As of January 1 Allowances Reversals adjustment Other December 31, 2006 7,051 884 (821) (273) (374) 6,467 2005 6,274 1,347 (1,025) 375 80 7,051 9 TOTAL – Registration Document 2006 207
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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
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Financial information Historical fi
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Additional information Financial in
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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 and 202: Property, plant and equipment prese
Page 203 and 204: 14) Other non-current assets As of
Page 205 and 206: The variation of the weighted-avera
Page 207: 18) Employee benefits obligations P
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
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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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