Registration document 2007 - Total.com
Registration document 2007 - Total.com
Registration document 2007 - Total.com
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Appendix 2 – Supplemental oil and gas information (unaudited)<br />
Financial review<br />
(in M€) Consolidated subsidiaries<br />
North Rest of<br />
As of December 31, 2004 Europe Africa America Asia world <strong>Total</strong><br />
Future cash inflows 49,233 76,576 2,695 13,737 42,437 184,678<br />
Future production costs (7,389) (13,170) (792) (2,077) (10,561) (33,989)<br />
Future development costs (6,448) (10,001) (356) (2,316) (4,436) (23,557)<br />
Future in<strong>com</strong>e taxes (23,711) (33,859) (304) (4,091) (8,613) (70,578)<br />
Future net cash flows, after in<strong>com</strong>e taxes 11,685 19,546 1,243 5,253 18,827 56,554<br />
Discount at 10% (4,085) (8,919) (455) (2,167) (12,091) (27,717)<br />
Net cash flows 7,600 10,627 788 3,086 6,736 28,837<br />
As of December 31, 2005<br />
Future cash inflows 80,179 119,119 6,646 18,046 71,417 295,407<br />
Future production costs (8,842) (19,402) (3,213) (2,381) (17,709) (51,547)<br />
Future development costs (6,581) (13,087) (789) (2,761) (5,019) (28,237)<br />
Future in<strong>com</strong>e taxes (43,824) (54,598) (528) (5,802) (15,285) (120,037)<br />
Future net cash flows, after in<strong>com</strong>e taxes 20,932 32,032 2,116 7,102 33,404 95,586<br />
Discount at 10% (7,592) (13,856) (868) (2,744) (21,132) (46,192)<br />
Net cash flows 13,340 18,176 1,248 4,358 12,272 49,394<br />
As of December 31, 2006<br />
Future cash inflows 59,051 108,847 5,915 16,061 59,065 248,939<br />
Future production costs (10,057) (19,223) (2,443) (2,136) (18,706) (52,565)<br />
Future development costs (9,379) (15,929) (968) (3,866) (6,121) (36,263)<br />
Future in<strong>com</strong>e taxes (28,069) (45,714) (459) (4,522) (12,271) (91,035)<br />
Future net cash flows, after in<strong>com</strong>e taxes 11,546 27,981 2,045 5,537 21,967 69,076<br />
Discount at 10% (4,545) (12,171) (1,092) (1,927) (14,293) (34,028)<br />
Net cash flows 7,001 15,810 953 3,610 7,674 35,048<br />
Minority interests in future net cash flows<br />
Year ended December 31, 2004 297 287 - - - 584<br />
Year ended December 31, 2005 515 546 - - - 1,061<br />
Year ended December 31, 2006 255 418 - - - 673<br />
Company’s share of equity affiliates’ future net cash flows as of<br />
Year ended December 31, 2004 - 494 - - 1,101 1,595<br />
Year ended December 31, 2005 - 598 - - 2,930 3,528<br />
Year ended December 31, 2006 - 549 - - 3,545 4,094<br />
Changes in the standardized measure of discounted future net cash flows<br />
(in M€) 2006 2005 2004<br />
Future net cash flows as of January 1 49,394 28,837 29,118<br />
Sales and transfers, net of production costs and other expenses (21,335) (17,104) (12,791)<br />
Net change in sales and transfer prices, net of production costs and other expenses (11,481) 52,711 12,919<br />
Extensions, discoveries and improved recovery, net of future production and development costs 1,534 1,126 974<br />
Changes in estimated future development costs (7,666) (1,106) (1,215)<br />
Previously estimated development costs incurred during the year 5,150 5,333 3,790<br />
Revisions of previous quantity estimates (1,382) 6,313 (2,684)<br />
Accretion of discount 4,939 2,444 2,912<br />
Net change in in<strong>com</strong>e taxes 16,268 (28,943) (4,255)<br />
Purchases of reserves in place 574 41 292<br />
Sales of reserves in place (947) (258) (223)<br />
Changes in production rates (timing) and other - - -<br />
End of year 35,048 49,394 28,837<br />
TOTAL – <strong>Registration</strong> Document 2006