10 Results of operations for oil and gas producing activities The following table includes revenues and expenses associated directly with the Group’s oil and gas producing activities. It does not include any interest cost. (in M€) Consolidated subsidiaries North Rest of Year ended December 31, 2004 Europe Africa America Asia world <strong>Total</strong> Revenues Sales to unaffiliated parties 2,027 1,163 40 1,446 1,820 6,496 Transfers to affiliated parties 4,917 6,081 548 250 645 12,441 <strong>Total</strong> Revenues 6,944 7,244 588 1,696 2,465 18,937 Production costs (783) (578) (49) (162) (248) (1,820) Exploration expenses (40) (146) (90) (31) (107) (414) Depreciation, depletion and amortization and valuation allowances (1,190) (829) (245) (252) (486) (3,002) Other expenses (a) (176) (764) (5) (15) (288) (1,248) Pre-tax in<strong>com</strong>e from producing activities 4,755 4,927 199 1,236 1,336 12,453 In<strong>com</strong>e tax (2,700) (3,233) (88) (591) (250) (6,862) Results of oil and gas producing activities 2,055 1,694 111 645 1,086 5,591 Year ended December 31, 2005 Revenues Sales to unaffiliated parties 2,384 1,911 22 1,767 2,594 8,678 Transfers to affiliated parties 6,629 8,080 474 340 924 16,447 <strong>Total</strong> Revenues 9,013 9,991 496 2,107 3,518 25,125 Production costs (851) (605) (43) (173) (285) (1,957) Exploration expenses (85) (148) (46) (20) (132) (431) Depreciation, depletion and amortization and valuation allowances (1,164) (851) (184) (273) (543) (3,015) Other expenses (a) (207) (1,052) (9) (20) (680) (1,968) Pre-tax in<strong>com</strong>e from producing activities 6,706 7,335 214 1,621 1,878 17,754 In<strong>com</strong>e tax (4,089) (5,056) (88) (773) (731) (10,737) Results of oil and gas producing activities 2,617 2,279 126 848 1,147 7,017 Year ended December 31, 2006 Revenues Sales to unaffiliated parties 3,285 2,550 1 2,276 2,457 10,569 Transfers to affiliated parties 7,333 8,179 167 374 1,124 17,177 <strong>Total</strong> Revenues 10,618 10,729 168 2,650 3,581 27,746 Production costs (910) (731) (57) (184) (307) (2,189) Exploration expenses (140) (246) (40) (58) (149) (633) Depreciation, depletion and amortization and valuation allowances (1,256) (844) (78) (301) (519) (2,998) Other expenses (a) (227) (1,274) (3) (25) (881) (2,410) Pre-tax in<strong>com</strong>e from producing activities 8,085 7,634 (10) 2,082 1,725 19,516 In<strong>com</strong>e tax (5,115) (5,335) (14) (1,008) (803) (12,275) Results of oil and gas producing activities 2,970 2,299 (24) 1,074 922 7,241 Company’s share of equity affiliates’ results of oil and gas producing activities Year ended December 31, 2004 - 80 - - 200 280 Year ended December 31, 2005 - 113 - - 166 279 Year ended December 31, 2006 - 125 - - 257 382 (a) Including production taxes and FAS 143 accretion expense (137 M€ in 2004, 146 M€ in 2005 and 162M€ in 2006). 242 Appendix 2 – Supplemental oil and gas information (unaudited) Financial review Financial review TOTAL – <strong>Registration</strong> Document 2006
Costs incurred in oil and gas property acquisition, exploration and development activities The costs incurred in the Group’s oil and gas property acquisition, exploration and development include both capitalized and expensed amounts. (in M€) Consolidated subsidiaries North Rest of As of December 31, 2004 Europe Africa America Asia world <strong>Total</strong> Proved property acquisition - 2 - - 29 31 Unproved property acquisition - - 5 3 - 8 Exploration costs 99 279 94 29 142 643 Development costs (a) 1,084 1,588 203 379 874 4,128 <strong>Total</strong> cost incurred 1,183 1,869 302 411 1,045 4,810 As of December 31, 2005 Proved property acquisition - 25 17 - 74 116 Unproved property acquisition - 56 3 - - 59 Exploration costs 108 298 39 15 125 585 Development costs (a) 1,201 1,907 338 491 1,232 5,169 <strong>Total</strong> cost incurred 1,309 2,286 397 506 1,431 5,929 As of December 31, 2006 Proved property acquisition 58 3 125 - 53 239 Unproved property acquisition - 20 31 240 11 302 Exploration costs 229 538 112 69 204 1,152 Development costs (a) 1,284 2,272 403 544 1,251 5,754 <strong>Total</strong> cost incurred 1,571 2,833 671 853 1,519 7,447 Equity share in costs of property acquisition, exploration and development Year ended December 31, 2004 (b) - 56 - - 184 240 Year ended December 31, 2005 (b) - 45 - - 145 190 Year ended December 31, 2006 (b) - 71 - - 716 787 (a) Including asset retirement costs capitalized during the year and any gains or losses recognized upon settlement of asset retirement obligation during the exercise. (b) Including 56 M€ exploration costs in 2006, 21M€ 2005, and 16 M€ in 2004. Costs to develop proved undeveloped reserves The following table sets forth the amounts spent to develop the proved undeveloped reserves in 2004, 2005 and 2006 as well as the amounts included in the most recent standardized measure of future net cash flow to develop proved undeveloped reserves in each of the next three years. Consolidated subsidiaries (in M€) 2004 2005 2006 <strong>2007</strong> (a) 2008 (a) 2009 (a) Costs to develop proved undeveloped reserves 3,567 4,751 5,128 6,064 5,583 3,796 (a) Estimates. Appendix 2 – Supplemental oil and gas information (unaudited) Financial review 10 TOTAL – <strong>Registration</strong> Document 2006 243
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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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North America Since 2004, TOTAL has
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Trinidad & Tobago TOTAL holds a 30%
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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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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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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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Pensions and other commitments (Art
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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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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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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
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Other matters Employee incentives a
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Statutory auditors’ report on the
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Consolidated statement of income TO
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Consolidated statement of cash flow
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On February 13, 2007, the Board of
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G. Earnings per share Earnings per
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equal to the market price. For unli
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The net periodic pension cost is re
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(iii) Portion of intangible assets
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A. Information by business segment
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Appendix 1 - Consolidated financial
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Appendix 1 - Consolidated financial
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Appendix 1 - Consolidated financial
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