Registration document 2007 - Total.com

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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. 214 Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement TOTAL – Registration Document 2006
23) Commitments and contingencies Appendix 1 – Consolidated financial statements Notes to the consolidated financial statement Maturity and installments Less than Between 1 More than As of December 31, 2006 (in M€) Total 1 year and 5 years 5 years Non-current debt obligations net of hedging instruments (note 20) 13,317 - 10,548 2,769 Current portion of non-current debt obligations net of hedging instruments (note 20) 2,140 2,140 - - Finance lease obligations (note 22) 400 29 185 186 Asset retirement obligations (note 19) 3,893 221 576 3,096 Contractual obligations recorded in the balance sheet 19,750 2,390 11,309 6,051 Operating lease obligations (note 22) 1,887 381 1,084 422 Purchase obligations 37,327 3,551 9,696 24,080 Contractual obligations not recorded in the balance sheet 39,214 3,932 10,780 24,502 Total of contractual obligations 58,964 6,322 22,089 30,553 Guarantees given for excise taxes 1,807 587 22 1,198 Collateral given against borrowings 1,079 16 691 372 Indemnities related to sales of businesses 113 38 40 35 Other guarantees given 4,155 1,694 401 2,060 Total of other commitments given 7,154 2,335 1,154 3,665 Mortgages and liens received 329 11 77 241 Other commitments received 2,965 2,089 315 561 Total of commitments received 3,294 2,100 392 802 Maturity and installments Less than Between 1 More than As of December 31, 2005 (in M€) Non-current debt obligations net of hedging Total 1 year and 5 years 5 years instruments (note 20) Current portion of non-current debt obligations net of 12,934 - 8,877 4,057 hedging instruments (note 20) 879 879 - - Finance lease obligations (note 22) 457 75 180 202 Asset retirement obligations (note 19) 3,710 174 446 3,090 Contractual obligations recorded in the balance sheet 17,980 1,128 9,503 7,349 Operating lease obligations (note 22) 1,308 273 594 441 Purchase obligations 24,177 3,402 8,112 12,663 Contractual obligations not recorded in the balance sheet 25,485 3,675 8,706 13,104 Total of contractual obligations 43,465 4,803 18,209 20,453 Guarantees given for excise taxes 2,827 2,552 29 246 Collateral given against borrowings 1,089 19 823 247 Indemnities related to sales of businesses 221 162 32 27 Other guarantees given 5,252 2,305 1,841 1,106 Total of other commitments given 9,389 5,038 2,725 1,626 Mortgages and liens received 280 10 158 112 Other commitments received 3,587 2,400 561 626 Total of commitments received 3,867 2,410 719 738 9 TOTAL – Registration Document 2006 215
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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
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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 215: Impact on net income The amount of
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
Page 265 and 266: 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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