Registration document 2007 - Total.com

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9 208 Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement In 2006, allowances of the period (884 M€) included mainly: • an additional allowance of the contingency reserve related to the Toulouse-AZF plant explosion (civil liability), for 100 M€; • environmental contingencies in the Chemicals segment for 96 M€; • provisions related to restructuring of activities in the Chemicals segment for 88 M€; • an allowance of 32 M€ for litigation reserves in connection with antitrust investigations, as described in note 30 to the consolidated financial statements "Other risks and contingent liabilities". In 2005, allowances of the period (1,347 M€) included mainly: • an additional allowance of the contingency reserve related to the Toulouse-AZF plant explosion (civil liability), for 100 M€; • environmental contingencies in the Chemicals segment for 283 M€; • provisions related to restructuring of activities in the Chemicals segment for 107 M€; VARIATION OF THE ASSET RETIREMENT OBLIGATION TOTAL – Registration Document 2006 • an allowance of 292 M€ for litigation reserves in connection with antitrust investigations, as described in note 30 to the consolidated financial statements ‘‘Other risks and contingent liabilities”. In 2006, the main reversals of the period (821 M€) were related to the incurred expenses which included notably: • the contingency reserve related to the Toulouse-AZF plant explosion (civil liability), written back for 57 M€; • provisions for restructuring and social plans written back for 43 M€; • environmental contingencies in the Chemicals segment written back for 56 M€. In 2005, the main reversals of the period (1,025 M€) were related to the incurred expenses which included notably: • the contingency reserve related to the Toulouse-AZF plant explosion (civil liability), written back for 77 M€; • provisions for restructuring and social plans written back for 106 M€; • environmental contingencies in the Chemicals segment written back for 197 M€. (in M€) Spending on Currency As of Revision in New existing translation As of January 1, Accretion estimates obligations obligations adjustment Other December 31, 2006 3,710 182 66 274 (174) (191) 26 3,893 2005 3,334 162 51 86 (202) 250 29 3,710
20) Financial debt and related financial instruments A) Non-current financial debt and related financial instruments As of December 31, (in M€) 2006 2005 (ASSETS)/LIABILITIES Secured Unsecured Total Secured Unsecured Total Non-current financial debt of which hedging instruments of non current 771 13,403 14,174 490 13,303 13,793 (liabilities) (a) - 193 193 - 128 128 Hedging instruments of non-current financial debt (Assets) (a) Non-current financial debt - net of - (486) (486) - (477) (477) hedging instruments 771 12,917 13,688 490 12,826 13,316 Debenture loans, net of hedging instruments - 11,120 11,120 - 10,703 10,703 Bank and other, floating rate 398 1,589 1,987 105 1,715 1,820 Bank and other, fixed rate 2 208 210 3 408 411 Financial lease obligations Non-current financial debt - net of 371 - 371 382 - 382 hedging instruments 771 12,917 13,688 490 12,826 13,316 (a) See the description of these hedging instruments (note 1M (iii) to the consolidated financial statements “long-term financing”). Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement Fair value of debenture loans, as of December 31, 2006, after taking into account hedged currency and interest rates swaps, can be detailed as follows (as the effect of the Group’s credit risk is not material, it has not been taken into account in the calculation of fair value): (in M€) Fair value after Fair value after hedging as of hedging as of December 31, December 31, Initial rate before Year of emission 2005 2006 Currency Maturity hedging instruments Parent company Bond 1996 166 - FRF 2006 6.900% Bond 1996 404 362 FRF 2008 6.750% Bond 1997 83 75 FRF 2007 5.030% Bond 1997 70 63 ESP 2007 6.800% Bond 1997 146 126 FRF 2009 6.200% Bond 1998 32 29 FRF 2008 PIBOR 3 months + 0.380% Bond 1998 141 132 FRF 2009 5.125% Bond 1998 142 128 FRF 2013 5.000% Bond 1999 275 - EUR 2006 3.875% Bond 2000 107 - CHF 2006 3.500% Bond 2000 75 68 EUR 2010 5.650% Current (less than one year) - (548) (138) Total parent company Elf Aquitaine SA 1,093 845 Bond 1999 998 996 EUR 2009 4.500% Current portion (less than one year) - - Total Elf Aquitaine SA 998 996 9 TOTAL – Registration Document 2006 209
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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
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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 and 208: 18) Employee benefits obligations P
Page 209: The components of the net periodic
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
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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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