11 4) Other non-current assets A) Other non-current assets variations As of December, 31 2006 TOTAL - <strong>Registration</strong> Document 2006 Increases Decreases Gross amount Gross amount at beginning Non Non at beginning (in M€) of year Monetary monetary Monetary monetary of year Monetary Investment portfolio (a) 223 3,975 - - 2,460 - 1,738 Other non-current assets 35 44 - 21 - - 58 Deposits and guarantees 11 1 - - - - 12 <strong>Total</strong> 269 4,020 - 21 2,460 - 1,808 (a) Non-monetary reductions correspond to TOTAL S.A. shares cancelled in 2006. B) Allowances for non-current assets As of December, 31 2006 2005 Valuation (in M€) Cost allowance Net Net Investment portfolio 1,738 - 1,738 223 Other non-current assets (a) 58 - 58 35 Deposits and guarantees 12 - 12 11 <strong>Total</strong> (b) 1,808 - 1,808 269 (a) As of December 31, 2006, net amount is falling due over one year. (b) As of December 31, 2005, aggregate cost and net amounts are equivalent. 5) Accounts receivables As of December, 31 2006 2005 Valuation (in M€) Cost allowance Net Net Accounts and notes receivable 812 - 812 885 Other current assets 839 - 839 659 <strong>Total</strong> (a)(b) 1,651 - 1,651 1,544 (a) Including 1,070 M€ related to affiliates as of December 31, 2006. (b) All falling due within one year. 258 Appendix 3 - TOTAL S.A. Parent <strong>com</strong>pany’s statutory financial statements
6) Shareholders’ equity A) Common Shares Share capital transactions are detailed as follows: Historic data Restated (par value of historic data 10 euros per share (par value of until May 18, 2006) 2.5 euros per share) As of January 1st, 2004 Shares issues in connection with: 649,118,236 2,596,472,944 • Capital increase reserved for employees 3,434,830 13,739,320 • Exercise of share subscription options 950 3,800 • Exchange guarantee offered to the beneficiaries of Elf Aquitaine share subscription option 2,335,024 9,340,096 • Cancellation of shares (a) (19,873,932) (79,495,728) As of December 31, 2004 Shares issues in connection with: 635,015,108 2,540,060,432 • Exercise of share subscription options 133,257 533,028 • Exchange guarantee offered to the beneficiaries of Elf Aquitaine share subscription option 1,043,499 4,173,996 • Cancellation of shares (b) (21,075,568) (84,302,272) As of December 31, 2005 Shares issues in connection with: 615,116,296 2,460,465,184 • Capital increase reserved for employees 2,785,330 11,141,320 • Exercise of share subscription options before May 18, 2006 (c) 45,305 181,220 • Exchange guarantee offered to the beneficiaries of Elf Aquitaine share subscription option before May 18, 2006 (d) 31,464 125,856 • Division of nominal value by 4 on May 18, 2006 1,853,935,185 • Exercise of share subscription options after May 18, 2006 (c) 668,099 668,099 • Exchange guarantee offered to the beneficiaries of Elf Aquitaine share subscription option after May 18, 2006 (d) 206,274 206,274 • Cancellation of shares (e) (47,020,000) (47,020,000) As of December 31, 2006 (f) 2,425,767,953 2,425,767,953 (a) Decided by the Board of Directors on November 9, 2004. (b) Decided by the Board of Directors on July 19, 2005 and November 3, 2005. (c) 849,319 TOTAL shares, par value 2.50 euros per share, created for the exercise of share subscription of <strong>Total</strong> shares in 2006. (d) 332,130 TOTAL shares, par value 2.50 euros per share, created for the exchange guarantee offered to the beneficiaries of Elf Aquitaine share subscription option in 2006. (e) Decided by the Board of Directors on July 18, 2006. (f) Including 161,200,707 treasury shares and shares held by subsidiaries deducted from consolidated shareholders’ equity. Capital increase reserved for Group employees At the Shareholders’ Meeting held on May 17, 2005, the shareholders delegated to the Board of Directors the authority to increase the share capital of the Company, in one or more transactions and within a maximum period of twenty-six months from the date of the Meeting, by an amount not exceeding 1.5% of the share capital outstanding on the date of the meeting of the Board of Directors at which a decision to proceed with an issuance is made, reserving subscriptions for such issuance to the Group employees participating in a <strong>com</strong>pany savings plan. It is being specified that the amount of any such capital increase reserved for Group employees will be counted against the aggregate maximum nominal amount of shares capital increases authorized by the Shareholders’ Meeting held on May 17, 2005 for issuing new ordinary shares or other securities granting Appendix 3 - TOTAL S.A. Parent <strong>com</strong>pany’s statutory financial statements 11 immediate or future access to the Company’s share capital with preferential subscription rights (4 B€ in nominal). Pursuant to this delegation of authority, the Board of Directors, during its November 3, 2005 meeting, implemented a first capital increase reserved for employees within the limit of 3 million shares, par value 10 euros per share, i.e. 12 million shares, par value 2.50 euros per share, with dividend rights as of January 1, 2005 at a price of 166.60 euros per share, par value 10 euros per share, i.e. 41.65 euros per share, par value 2.50 euros per share. The subscription period ran from February 6, 2006, to February 24, 2006. 2,785,330 shares, par value 10 euros per share, i.e. 11,141,320 shares, par value 2.50 euros of per share were subscribed during the capital increase. TOTAL - <strong>Registration</strong> Document 2006 259
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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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Corporate Governance Employees, Sha
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Corporate Governance Employees, Sha
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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
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Other matters Employee incentives a
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Information on holdings General inf
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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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Appendix 1 - Consolidated financial
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ADJUSTMENTS TO OPERATING INCOME 200
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In 2006, gains and losses on sales
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Appendix 1 - Consolidated financial
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Property, plant and equipment prese
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14) Other non-current assets As of
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The variation of the weighted-avera
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18) Employee benefits obligations P
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- Page 237 and 238: 53.2% 95.7% Elf Aquitaine 99.5% 100
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- Page 285 and 286: European Cross Reference List 10. C
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