Registration document 2007 - Total.com

More documents

Recommendations

Info

1 Key Figures p. 3 6 TOTAL and its shareholders p. 125 2 3 4 5 Contents Selected Financial Information p. 3 Operating and market data p. 4 Business overview p. 9 History and strategy of TOTAL p. 10 Upstream p. 11 Exploration & Production p. 13 Interests in pipelines p. 36 Gas & Power p. 37 Downstream p. 42 Refining & Marketing p. 43 Trading & Shipping p. 48 Chemicals p. 50 Base Chemicals p. 51 Specialties p. 53 Investments p. 55 Organizational structure p. 56 Property, Plant and Equipment p. 57 Organizational Chart p. 58 Management Report of the Board of Directors p. 61 Summary of results and financial position p. 62 Liquidity and capital resources p. 69 Research and development p. 71 Trends and outlook p. 73 Risk Factors p. 75 Market risks p. 76 Legal risks p. 80 Industrial and environmental risks p. 84 Other specific risks p. 86 Insurance and risk management p. 89 Corporate Governance p. 91 Board of Directors p. 92 Management p. 99 Statutory Auditors p. 100 Compensation of the Board of Directors and Executive Officers p. 101 Report of the Chairman of the Board of Directors (Article L 225-37 of the French Commercial Code) p. 104 Statutory auditor’s report (Article L 225-235 of the French Commercial Code) p. 112 Employees, Share Ownership, Stock Options and Restricted Share Grants p. 113 7 8 9 10 11 Listing details p. 126 Dividends p. 131 Share buybacks p. 133 Shareholders p. 138 Information for overseas shareholders p. 142 Shareholder relations p. 144 Financial information p. 149 Historical financial information p. 150 Audit of historical financial information p. 150 Additional information p. 151 Dividend policy p. 151 Legal and arbitration proceedings p. 151 Significant changes p. 151 General information p. 153 Share capital p. 154 Articles of incorporation and bylaws; Other information p. 160 Other matters p. 163 Documents on display p. 164 Information on holdings p. 165 Appendix 1 - Consolidated financial statements p. 167 Statutory auditors’ report on the consolidated financial statements p. 168 Consolidated statement of income p. 169 Consolidated balance sheet p. 170 Consolidated statement of cash flows p. 171 Consolidated statement of changes in shareholders’ equity p. 172 Notes to the consolidated financial statements p. 173 Appendix 2 - Supplemental oil and gas information (unaudited) p. 237 Oil and gas reserves p. 238 Financial review p. 242 Other information p. 247 Appendix 3 - TOTAL S.A. p. 249 Special auditors’ report on regulated agreements p. 250 Statutory auditors’ report on the annual financial statements p. 251 Parent company’s statutory financial statements p. 252 Other financial information concerning the Parent Company p. 270 Social and environmental information p. 275 Consolidated financial information for the last five years p. 281 European Cross Reference List p. 282
Registration Document 2006 This is a free translation into English of the Chief Executive Officer’s certification issued in French, and is provided solely for the convenience of English-speaking readers. “I certify that, to the best of my knowledge, the information contained in this Document de référence (Registration Document) is accurate and does not omit any material fact. I have received a letter from the statutory auditors confirming that they have completed the work they undertook to verify the information related to the financial situation and the financial statements included in this Document de référence as well as a review of the document in its entirety. The statutory auditors have issued reports on the historical financial information appearing in this Document de référence, which are included on pages 168 and 251 of this document.” Christophe de Margerie Chief Executive Officer The French language version of this Document de référence (Registration Document) was filed with the French Financial Markets Authority (Autorité des marchés financiers) on April 5, 2007 pursuant to Article 212-13 of the general regulations of the Financial Markets Authority. It may be used in connection with a financial operation if supplemented by a prospectus for the operation and a summary, each of which will have received the visa of the Financial Markets Authority. TOTAL – Registration Document 2006 1
Page 1: Registration Document 2006
Page 5 and 6: Key figures Selected financial info
Page 7 and 8: 116,842 Key figures Operating and m
Page 9 and 10: Refined product sales including Tra
Page 11 and 12: Business overview History and strat
Page 13 and 14: Upstream TOTAL’s Upstream segment
Page 15 and 16: Exploration & Production Exploratio
Page 17 and 18: Production For the full year 2006,
Page 19 and 20: Presentation of production activiti
Page 21 and 22: Europe Business overview Exploratio
Page 23 and 24: Africa TOTAL has been present in Af
Page 25 and 26: this zone through its subsidiaries
Page 27 and 28: North America Since 2004, TOTAL has
Page 29 and 30: Trinidad & Tobago TOTAL holds a 30%
Page 31 and 32: TOTAL also has a 50% interest in th
Page 33 and 34: Europe TOTAL’s production in Euro
Page 35 and 36: K6-GT platform, in anticipation of
Page 37 and 38: The Group also holds a 20% interest
Page 39 and 40: Gas & Power The Gas & Power divisio
Page 41 and 42: Asia Pacific The Hazira re-gasifica
Page 43 and 44: In Morocco, Temasol, in which TOTAL
Page 45 and 46: Refining & Marketing As of December
Page 47 and 48: Refined products The table below se
Page 49 and 50: capacity oil recycling plant in Fra
Page 51 and 52: In 2006, the principal market bench
Page 53 and 54:
Base Chemicals TOTAL’s Base Chemi
Page 55 and 56:
Specialties TOTAL’s Specialties s
Page 57 and 58:
Investments Main investments made o
Page 59 and 60:
Property, Plant and Equipment TOTAL
Page 61 and 62:
Board of Directors Executive Commit
Page 63 and 64:
Management Report of the Board of D
Page 65 and 66:
Market environment 2006 2005 2004 E
Page 67 and 68:
Upstream results Liquids and gas pr
Page 69 and 70:
Downstream results For the full yea
Page 71 and 72:
Liquidity and capital resources Lon
Page 73 and 74:
Research and development Research a
Page 75 and 76:
Trends and outlook Outlook Since th
Page 77 and 78:
Risk Factors Market risks p. 76 •
Page 79 and 80:
The Group has implemented strict po
Page 81 and 82:
The non-current debt in dollars des
Page 83 and 84:
Grande Paroisse An explosion occurr
Page 85 and 86:
Myanmar Under the Belgian “univer
Page 87 and 88:
Risk management Risk evaluations le
Page 89 and 90:
TOTAL, like other major internation
Page 91 and 92:
Insurance and risk management Organ
Page 93 and 94:
Corporate Governance Board of Direc
Page 95 and 96:
Daniel Bouton 56 years old. Inspect
Page 97 and 98:
Bertrand Jacquillat 62 years old. A
Page 99 and 100:
Michel Pébereau 64 years old. Hono
Page 101 and 102:
Management General Management On Ma
Page 103 and 104:
Corporate Governance Compensation o
Page 105 and 106:
Pensions and other commitments (Art
Page 107 and 108:
Within this framework, the Board’
Page 109 and 110:
Members of the Audit Committee may
Page 111 and 112:
Messrs. Bouton, Collomb, Desmarais,
Page 113 and 114:
establishes and maintains procedure
Page 115 and 116:
Employees, Share Ownership, Stock O
Page 117 and 118:
Corporate Governance Employees, Sha
Page 119 and 120:
TOTAL stock options Corporate Gover
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Restricted share plans as of Decemb
Page 127 and 128:
TOTAL and its shareholders Listing
Page 129 and 130:
Four-for-one stock split The Genera
Page 131 and 132:
Information Summary TOTAL and its s
Page 133 and 134:
Dividends Dividend policy In accord
Page 135 and 136:
Share buybacks The General Meeting
Page 137 and 138:
Summary table of transactions compl
Page 139 and 140:
cancels and replaces the unused por
Page 141 and 142:
which was approved by the French Co
Page 143 and 144:
Shareholder structure Distribution
Page 145 and 146:
Non-resident individual taxpayers e
Page 147 and 148:
The Committee also worked on the co
Page 149 and 150:
2007 Calendar February 14 Results f
Page 151 and 152:
Financial information Historical fi
Page 153 and 154:
Additional information Financial in
Page 155 and 156:
General information Share capital p
Page 157 and 158:
Pursuant to this authorization, the
Page 159 and 160:
Potential capital as of December 31
Page 161 and 162:
General information Share capital J
Page 163 and 164:
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 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
ADJUSTMENTS TO OPERATING INCOME 200
Page 197 and 198:
In 2006, gains and losses on sales
Page 199 and 200:
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 213 and 214:
Page 215 and 216:
Impact on net income The amount of
Page 217 and 218:
23) Commitments and contingencies A
Page 219 and 220:
Other guarantees given Non-consolid
Page 221 and 222:
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 235 and 236:
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
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 and 282:
Environment Pursuant to French law
Page 283 and 284:
Consolidated financial information
Page 285 and 286:
European Cross Reference List 10. C
Page 288:
TOTAL S.A. Registered Office: 2, pl
show all

Registration document 2007 - Total.com

Create successful ePaper yourself

Delete template?

Save as template?