Registration document 2011 - tota - Total.com

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9 Consolidated Financial Statements Consolidated statement of comprehensive income 3. Consolidated statement of comprehensive income TOTAL For the year ended December 31, (M€) 2011 2010 2009 Consolidated net income 12,581 10,807 8,629 Other comprehensive income Currency translation adjustment 1,498 2,231 (244) Available for sale financial assets 337 (100) 38 Cash flow hedge (84) (80) 128 Share of other comprehensive income of associates, net amount (15) 302 234 Other (2) (7) (5) Tax effect (55) 28 (38) Total other comprehensive income (net amount) (note 17) 1,679 2,374 113 Comprehensive income 14,260 13,181 8,742 Group share 13,911 12,936 8,500 Non-controlling interests 349 245 242 182 TOTAL. Registration Document 2011
4. Consolidated balance sheet TOTAL As of December 31, (M€) ASSETS 2011 2010 2009 Non-current assets Intangible assets, net (notes 5 and 10) 12,413 8,917 7,514 Property, plant and equipment, net (notes 5 and 11) 64,457 54,964 51,590 Equity affiliates: investments and loans (note 12) 12,995 11,516 13,624 Other investments (note 13) 3,674 4,590 1,162 Hedging instruments of non-current financial debt (note 20) 1,976 1,870 1,025 Other non-current assets (note 14) 4,871 3,655 3,081 Total non-current assets 100,386 85,512 77,996 Current assets Inventories, net (note 15) 18,122 15,600 13,867 Accounts receivable, net (note 16) 20,049 18,159 15,719 Other current assets (note 16) 10,767 7,483 8,198 Current financial assets (note 20) 700 1,205 311 Cash and cash equivalents (note 27) 14,025 14,489 11,662 Total current assets 63,663 56,936 49,757 Assets classified as held for sale (note 34) - 1,270 - Total assets 164,049 143,718 127,753 LIABILITIES & SHAREHOLDERS’ EQUITY Consolidated Financial Statements Consolidated balance sheet 9 Shareholders’ equity Common shares 5,909 5,874 5,871 Paid-in surplus and retained earnings 66,506 60,538 55,372 Currency translation adjustment (988) (2,495) (5,069) Treasury shares (3,390) (3,503) (3,622) Total shareholders’ equity - Group share (note 17) 68,037 60,414 52,552 Non-controlling interests 1,352 857 987 Total shareholders’ equity 69,389 61,271 53,539 Non-current liabilities Deferred income taxes (note 9) 12,260 9,947 8,948 Employee benefits (note 18) 2,232 2,171 2,040 Provisions and other non-current liabilities (note 19) 10,909 9,098 9,381 Non-current financial debt (note 20) 22,557 20,783 19,437 Total non-current liabilities 47,958 41,999 39,806 Current liabilities Accounts payable 22,086 18,450 15,383 Other creditors and accrued liabilities (note 21) 14,774 11,989 11,908 Current borrowings (note 20) 9,675 9,653 6,994 Other current financial liabilities (note 20) 167 159 123 Total current liabilities 46,702 40,251 34,408 Liabilities directly associated with the assets classified as held for sale (note 34) - 197 - Total liabilities and shareholders’ equity 164,049 143,718 127,753 Registration Document 2011. TOTAL 183
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Registration Document 2011
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Registration Document 2011 This tra
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Key figures 1. Operating and market
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Sales Adjusted net income (Group sh
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Shareholder base Estimates as of No
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Business overview Business overview
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2. Upstream TOTAL’s Upstream segm
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As of December 31, 2009, TOTAL’s
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2.3. Presentation of production act
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Indonesia 1968 Myanmar 1992 Thailan
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United Kingdom 1962 Middle East U.A
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In Kenya, TOTAL acquired in Septemb
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In the United States, the Group’s
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The next two wells, which were expl
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is expected to be transported to Ru
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- In addition to Alwyn and the Cent
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2.6. Number of net oil and gas well
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Asia Yadana Yadana (Myanmar) Ban-I
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2.9.3. Marketing To unlock value fr
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As of January 2012, TOTAL owns 66%
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3. Downstream The Downstream segmen
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The heavy conversion process of thi
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In Northern, Central and Eastern Eu
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The oil markets had ended 2010 sign
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4.1. Base Chemicals The Base Chemic
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4.1.2. Fertilizers Through its Fren
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5. Investments 5.1. Major investmen
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7. Property, plant and equipment TO
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Finance Refining & Marketing Financ
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Crude Oil Trading Finance Trading &
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Management Report The Management re
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- a Refining & Chemicals segment, a
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1.2.4. Investments - divestments In
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1.6. TOTAL S.A. 2011 results Net in
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2.5. Anticipated sources of financi
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3.6. Environment Environmental issu
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Risk factors Risk factors 4 1. Fina
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Trading & Shipping : value-at-risk
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1.8. Sensitivity analysis on intere
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1.10. Liquidity risk TOTAL S.A. has
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Customer receivables are subject to
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2.2. Management and monitoring of i
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egions, causing substantial decline
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3.4. Activities in Cuba, Iran, Suda
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and service contracts. In 2011, TOT
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4.3. Insurance policy The Group has
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Corporate governance Corporate gove
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Chairman of the Nominating & Govern
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- Permanent representative of Colam
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du Territoire et de l’Action Rég
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- Director of Europalia Internation
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- monitoring the quality of the inf
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6. COMMITTEES OF THE BOARD OF DIREC
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1.5.2. Compensation Committee Rules
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The term of office of the members o
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- examination of ethical issues (co
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1.8. Director independence At its m
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With regard to counterparty risks,
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Variable compensation is determined
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3. General Management 3.1. Manageme
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4.4. Fees received by the statutory
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total gross compensation as Chairma
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Chairman and Chief Executive Office
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The acquisition rate: - is equal to
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5.7.3. Directors’ fees and other
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5.8. TOTAL stock option grants Corp
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If all the outstanding stock option
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Page 139 and 140: 6. Employees, share ownership 6.1.
Page 141 and 142: 6.3.1. Summary of transactions in t
Page 143 and 144: TOTAL and its shareholders TOTAL an
Page 145 and 146: 1.2. Share performance TOTAL share
Page 147 and 148: 1.2.7. TOTAL share price over the p
Page 149 and 150: 2.2. Dividend payment BNP Paribas S
Page 151 and 152: the Board of Directors decided on J
Page 153 and 154: - delivered to the holders of secur
Page 155 and 156: 4.4. Major shareholders 4.4.1. Chan
Page 157 and 158: 4.6. Shares held by members of the
Page 159 and 160: However, there are certain exceptio
Page 161 and 162: 6.4. Registered shareholding TOTAL
Page 163 and 164: Financial information Financial inf
Page 165 and 166: 4. Dividend policy The Company’s
Page 167 and 168: criminal chamber of the Court of Ap
Page 169 and 170: In October 2010, the Prosecutor’s
Page 171 and 172: General information General informa
Page 173 and 174: delegations of authority granted by
Page 175 and 176: 1.4. Potential share capital as of
Page 177 and 178: 2.3. Provisions of the by-laws gove
Page 179 and 180: 2.6. Shareholders’ meetings 2.6.1
Page 181 and 182: In 2011, TOTAL’s holdings in Sano
Page 183 and 184: Consolidated Financial Statements T
Page 185: 2. Consolidated statement of income
Page 189 and 190: 6. Consolidated statement of change
Page 191 and 192: Non-monetary contributions by ventu
Page 193 and 194: Intangible assets are carried at co
Page 195 and 196: when market data are not directly a
Page 197 and 198: - In June 2011, the IASB issued rev
Page 199 and 200: Since the acquisition date, sales a
Page 201 and 202: 4) Business segment information Fin
Page 203 and 204: For the year ended December 31, 201
Page 211 and 212: Adjustments to net income, Group sh
Page 213 and 214: 7) Other income and other expense F
Page 215 and 216: The net deferred tax variation in t
Page 217 and 218: 11) Property, plant and equipment C
Page 219 and 220: 12) Equity affiliates: investments
Page 221 and 222: In Group share, the main financial
Page 223 and 224: 15) Inventories As of December 31,
Page 225 and 226: 17) Shareholders’ equity Number o
Page 227 and 228: As of December 31, 2011, paid-in su
Page 229 and 230: The experience actuarial (gains) lo
Page 231 and 232: 19) Provisions and other non-curren
Page 233 and 234: 20) Financial debt and related fina
Page 235 and 236: Bonds after fair value hedge (M€)
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Bonds after cash flow hedge and fix
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C) Net-debt-to-equity ratio For its
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23) Commitments and contingencies A
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guarantees. As of December 31, 2011
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25) Share-based payments A) TOTAL s
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condition. This condition states th
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- varies on a straight-line basis b
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The following table summarizes SunP
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27) Statement of cash flows A) Cash
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As of December 31, 2010 (M€) Asse
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Assets and liabilities from financi
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As of December 31, 2010 (M€) Asse
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D) Fair value hierarchy The fair va
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As of December 31, 2009 Consolidate
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As part of its gas, power and coal
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As a result of this policy, the imp
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The following table sets forth fina
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its assets (as calculated under the
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e paid to those affected by the pol
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33) Other information Research and
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The business segments are identifie
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Supplemental oil and gas informatio
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1.3. Proved undeveloped reserves As
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(in million barrels of oil equivale
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Supplemental oil and gas informatio
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1.4.4. Changes in gas reserves Supp
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1.5. Results of operations for oil
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1.6. Cost incurred The following ta
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The standardized measure of discoun
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1.9. Changes in the standardized me
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2011 Natural gas production availab
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TOTAL S.A. The statutory Financial
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To be eligible for this supplementa
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3. Statutory Financial Statements o
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3.3. Statement of cash flow For the
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4. Notes to the Statutory Financial
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4) Other non-current assets A) Chan
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TOTAL shares held by the Group subs
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11) Translation adjustment The appl
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21) Commitments As of December 31 (
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- is equal to 100% if the average R
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D) TOTAL performance share grant Th
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24) Others Compensation for the adm
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5.2. Five-year financial data Share
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6. Consolidated financial informati
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Corporate social responsibility Cor
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TOTAL also hired 3,321 employees on
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1.5. Equal opportunity From recruit
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2.1. Occupational health and safety
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TOTAL particularly monitors hazardo
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The Group has therefore taken proac
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Social and economic development of
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commitment for TOTAL, adopting a pr
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4.3. TOTAL and new energies Althoug
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The selected sites and subsidiaries
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Assurance Opinion Completeness of d
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Glossary A Acreage Areas in which m
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MTO/OCP MTO (Methanols to Olefins)
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Cross reference lists Registration
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17. Employees 17.1. Number of emplo
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Registration Document concordance t
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PEFC/10-31-2043 This brochure is pr
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Registration document 2011 - tota - Total.com

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