Registration document 2007 - Total.com

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11 Over and above the prevention policy, the Group’s operational entities are required to establish emergency plans in the event of an accident. These plans are regularly updated and verified with the relevant Environment and Safety departments, and feedback from experience is systematically organized. These policies for prevention and site clean-up in the event of an accident are operational not only for industrial sites, but also for the transport of hazardous goods, where comparable actions and procedures are in place. • The principles relating to staff revolve around three ideas: all employees have a responsibility at their level in terms of safety and the environment; they must be aware of this and act accordingly. Work is assessed hierarchically according to these and other criteria. To flesh out these principles, TOTAL S.A.’s Environment and Safety department organizes training both for management and for health, safety and environment officers. Training for emergencies, crisis management and providing feedback is also in place. The business units also offer numerous courses appropriate for the various staff responsible for these functions. • Regarding relations with third parties, the charter recommends that outside service providers, suppliers, and industrial and commercial partners generally adhere to the Group’s Safety and Environment policy. It also emphasizes that the expectations of the unions, customers, shareholders, and other parties involved in relations that affect the environment must be satisfied, in an attitude of constructive dialogue and transparency. Particular attention is paid to relations with the neighboring community, and pilot programs for close partnerships, dialogue and concerted action, in which the Group’s above-stated approach to the social and environmental relationship is reflected, are being conducted around certain sites. These are intended to become more widespread depending on the experience on the ground. The structure of the Group’s entities ensures that they constantly and effectively take into account the environment in all their activities. Centrally, the Sustainable Development and Environment department (Développement Durable et de l’Environnement – “DDE”) presides over the environment network in order to facilitate exchanges and synergies between the units. The actions and policies of the DDE and the Industrial Safety department within TOTAL S.A. are coordinated in the Strategy and Risk Evaluation department. The Sustainable Development and Environment departments and the Industrial Safety department of the business units convey to the subsidiaries, who then pass them on to the industrial sites, the principles for action and the short- and medium-term environmental objectives that they have established in joint working parties. All the Group’s business units thus have each established, according to the specific requirements of their regional site and activities, internal management systems in the environmental area and in safety and quality. This involves a determined and 280 Appendix 3 - TOTAL S.A. Social and environmental information TOTAL - Registration Document 2006 concerted approach, based on information, working together, raising the awareness of staff and delivering training to them. Progress objectives are defined and action plans implemented; the results obtained are measured using methodologies and indicators that are progressively developed and refined; and feedback and associated controls in the form of audits are conducted. These management systems are the subject of periodic evaluation by internal auditors in order to continually optimize them. Within the Group, monitoring of the practical implementation of the principles of the Health, Safety, and Environment (HSE) Charter by the various entities is of considerable importance. When internal audits and environmental inspections of any kind are conducted by the relevant departments, the way in which the principles of the charter are implemented is included in the items verified. To facilitate this monitoring, the reporting processes for performance and events are constantly harmonized and improved at the entities, as well as between these entities and the central departments. In addition, in order to consolidate the reliability of these reporting procedures, their verification by an external organization is now incorporated in the Group’s procedures. Following a mock audit in 2005, the verification of environmental reporting data has been conducted by the auditors at a dozen sites, chosen each year by the auditors. The first survey report conducted in 2006, which was included in the Registration Document for 2005, covered five indicators that were assessed with regard to their relevance, reliability, objectivity, comprehensibility and exhaustiveness. This desire to continually achieve better-integrated management of the environment has led the Group to work towards ISO 14001 environmental certification. Because this international benchmark is awarded by certification from a third party, following independent audits for compliance that are repeated every three years, it allows for external recognition of environmental management systems. In Europe, in Refining & Marketing and Chemicals, the majority of sites (about one hundred) have now been certified; for the other activities and outside Europe, the certification process is actively underway. In addition, the objective of certification of 75% of the Group sites considered as particularly important for the environment is expected to be reached for 2007; by the end of 2005, over half these sites had been certified.
Consolidated financial information for the last five years Summary consolidated balance sheet for the last five years As of December 31 (in M€) 2006 2005 2004 2004 (b) 2003 (b) 2002 (b) ASSETS IFRS IFRS IFRS Non-current assets 62,436 62,391 53,827 52,533 50,450 54,010 Intangible assets 4,705 4,384 3,176 1,908 2,017 2,752 Property, plant and equipment 40,576 40,568 34,906 36,422 36,286 38,592 Other non-current assets 17,155 17,439 15,745 14,203 12,147 12,666 Current assets 42,787 43,753 32,940 31,628 29,513 31,319 Inventories 11,746 12,690 9,264 7,053 6,137 6,515 Other current assets 31,041 31,063 23,676 24,575 23,376 24,804 Total assets 105,223 106,144 86,767 84,161 79,963 85,329 LIABILITIES Shareholders’ equity, Group share 40,321 40,645 31,608 31,260 30,406 32,146 Minority interests and preferred shares 827 838 810 776 1,060 1,201 Provisions and other non-current liabilities 16,379 17,440 16,283 16,112 15,605 16,643 Non-current financial debt 14,174 13,793 11,289 9,734 9,783 10,157 Current debt 33,522 33,428 26,777 26,279 23,109 25,182 Total liabilities 105,223 106,144 86,767 84,161 79,963 85,329 Summary consolidated income statement for the last five years Appendix 3 - TOTAL S.A. Consolidated financial information for the last five years Year 2006 2005 (a) 2004 (a) 2004 (b) 2003 (b) 2002 (b) (in M€) IFRS IFRS IFRS Sales 153,802 137,607 116,842 122,700 104,652 102,540 Operating expenses (124,617) (108,431) (94,721) (101,141) (86,905) (86,622) Depreciation and amortization of tangible assets (5,055) (5,007) (5,095) (5,498) (4,977) (5,792) Operating income 24,130 24,169 17,026 16,061 12,770 10,126 Other income and expense 86 (281) 2,302 1,866 (1,199) 31 Other financial income and expense (49) (151) (36) (76) (85) (35) Income taxes (13,720) (11,806) (8,603) (8,316) (5,353) (5,034) Share net income of equity method consolidated affiliates 1,693 1,173 1,158 337 1,086 866 Net income from continuing operations (Group excluding Arkema) 12,140 13,104 11,847 - - - Net income from Arkema (5) (461) (698) - - 13 Consolidated net income 12,135 12,643 11,149 9,872 7,219 5,954 Minority interests 367 370 281 260 194 13 Net income 11,768 12,273 10,868 9,612 7,025 5,941 (a) Data for 2005 and 2004 restated under IFRS, to take account of the spin-off of the Arkema activities decided at the time of the Shareholders’ Meeting on May 12, 2006. (b) French GAAP. 11 TOTAL - Registration Document 2006 281
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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
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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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ADJUSTMENTS TO OPERATING INCOME 200
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In 2006, gains and losses on sales
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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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The components of the net periodic
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20) Financial debt and related fina
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Impact on net income The amount of
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23) Commitments and contingencies A
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Other guarantees given Non-consolid
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25) Payroll and staff For the year
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The classification by strategy and
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B) Financial instruments related to
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29) Market risks Oil and gas market
Page 231 and 232: As a result of its policy for manag
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Page 237 and 238: 53.2% 95.7% Elf Aquitaine 99.5% 100
Page 239 and 240: Oil and gas reserves p. 238 • Cha
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Page 243 and 244: Changes in liquids and gas reserves
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Page 249 and 250: Other information Accounting for ex
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Page 255 and 256: Balance Sheet (TOTAL S.A.) Appendix
Page 257 and 258: Statement of changes in Shareholder
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Page 267 and 268: 20) Commitments As of December 31 (
Page 269 and 270: TOTAL share purchase options plans
Page 271 and 272: Appendix 3 - TOTAL S.A. Parent comp
Page 273 and 274: List of marketable securities held
Page 275 and 276: Distribution of earnings 2006 Net d
Page 277 and 278: Social and environmental informatio
Page 279 and 280: AVERAGE COMPENSATION PER MONTH - TO
Page 281: Environment Pursuant to French law
Page 285 and 286: European Cross Reference List 10. C
Page 288: TOTAL S.A. Registered Office: 2, pl
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Registration document 2007 - Total.com

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