Registration document 2007 - Total.com

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9 212 Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement Loan repayment schedule (excluding current portion) As of December 31, 2006 of which hedging (in M€) instruments of non- Currency and Non-current Non-current current financial interest rate financial debt financial debt debt (liabilities) swaps (assets) after swaps % 2008 2,604 4 (245) 2,359 17% 2009 2,320 14 (82) 2,238 16% 2010 3,083 2 (104) 2,979 22% 2011 3,177 75 (20) 3,157 23% 2012 and beyond 2,990 98 (35) 2,955 22% Total 14,174 193 (486) 13,688 100% As of December 31, 2005 of which hedging (in M€) instruments of non- Currency and Non-current Non-current current financial interest rate financial financial debt debt (liabilities) swaps (assets) debt after swaps % 2007 2,896 (12) (223) 2,673 20% 2008 2,256 (10) (117) 2,139 16% 2009 2,403 1 (94) 2,309 17% 2010 1,958 50 (22) 1,936 15% 2011 and beyond 4,280 99 (21) 4,259 32% Total 13,793 128 (477) 13,316 100% Analysis by currency and interest rate These analyses take into account interest rate and foreign currency swaps to hedge non-current financial debt. As of December 31, (in M€) 2006 % 2005 % Dollar 6,981 51% 9,778 73% Euro 5,382 39% 2,324 18% Other currencies 1,325 10% 1,214 9% Total 13 688 100% 13,316 100% As of December 31, (in M€) 2006 % 2005 % Fixed rates 896 7% 1,089 8% Floating rates 12,792 93% 12,227 92% Total 13,688 100% 13,316 100% TOTAL – Registration Document 2006
Impact on net income The amount of the cost of net debt after hedging instruments is disclosed in the consolidated statement of income under “Cost of net debt”. The effective interest rate resulting from the cost of net debt approximates market conditions for the current debt. This effective rate may differ substantially from the interest rate of non-current loans as disclosed above, as the hedging instruments of interest rates are swaps that convert Group financing conditions to short-term market conditions (3-month average). The 2006 gain for hedging instruments on debenture loans amounts to 18 M€ after tax ((23) M€ expense in 2005 and (12) M€ expense in 2004). B) Current borrowings, bank overdrafts and related financial instruments Current borrowings consist mainly of commercial papers or treasury bills or draws on bank loans. These instruments bear interest at rates that are close to market rates. As of December 31, (in M€) 2006 2005 Current financial debt and bank overdrafts 3,348 2,928 Current portion of non-current financial debt 2,510 992 Current borrowings and bank overdrafts 5,858 3,920 Current portion of financial instruments for interest rate swaps liabilities - 6 Other current financial instruments - liabilities 75 27 Other current financial liabilities (note 27) 75 33 Current deposits beyond 3 months (3,496) - Current portion of financial instruments for interest rate swaps - assets (341) (44) Other current financial instruments - assets (71) (290) Current financial assets (note 27) (3,908) (334) Current borrowings, bank overdrafts and related financial assets and liabilities, net 2,025 3,619 Changes in the value of current financial instruments are, in accordance with the methods described in note 1M to the consolidated financial statements, recognized in the net income of the period under “Financial interest on debt”, except for instruments qualified as net investment hedge, which are recognized directly in shareholders’ equity, for an amount of (5) M€ as of December 31, 2006 ((146) M€ as of December 31, 2005). 21) Other creditors and accrued liabilities Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement As of December 31, (in M€) 2006 2005 Advances from customers 1,430 1,416 Accruals and deferred income 163 253 Payable to states (including taxes and duties) 7,204 7,644 Payroll 879 1,015 Other 2,833 2,741 Total 12,509 13,069 9 TOTAL – Registration Document 2006 213
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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
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Potential capital as of December 31
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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 and 210: The components of the net periodic
Page 211 and 212: 20) Financial debt and related fina
Page 213: Appendix 1 - Consolidated financial
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
Page 261 and 262: 6) Shareholders’ equity A) Common
Page 263 and 264: 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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