Registration document 2007 - Total.com

9
22) Lease contracts
The Group leases real estate, retail stations, ships, and other equipment (see note 11 to the consolidated financial statements).
The future minimum lease payments on operating and finance leases to which the Group is committed are shown as follows:
As December 31, 2006 (in M€) Operating leases Finance leases
2007 381 52
2008 378 56
2009 307 56
2010 246 51
2011 153 54
2012 and beyond 422 218
Total minimum payments 1,887 487
Less financial expenses - (87)
Nominal value of contract - 400
Less current portion of the finance lease - (29)
Outstanding liability - 371
As December 31, 2005 (in M€) Operating leases Finance leases
2006 273 51
2007 210 47
2008 170 50
2009 119 41
2010 95 41
2011 and beyond 441 199
Total minimum payments 1,308 429
Less financial contract - 28
Nominal value of contract - 457
Less current portion of the finance lease - (75)
Outstanding liability - 382
As of December 31, 2004 (in M€) Operating leases Finance leases
2005 203 52
2006 169 47
2007 116 44
2008 105 46
2009 68 39
2010 and after 327 231
Total minimum payments 988 459
Less financial expenses - (104)
Nominal value of contract - 355
Less current portion of the finance lease - (30)
Outstanding liability - 325
Net rental expense incurred under operating leases for the year ended December 31, 2006, was 380 M€, compared to 272 M€ for 2005
and 244 M€ for 2004.
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Appendix 1 – Consolidated financial statements
Notes to the consolidated financial statement
TOTAL – Registration Document 2006