Registration document 2011 - tota - Total.com

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9 Consolidated Financial Statements Notes to the Consolidated Financial Statements A) Information by business segment For the year ended December 31, 2011 (M€) Upstream Downstream Chemicals Corporate Intercompany Total Non-Group sales 23,298 141,907 19,477 11 - 184,693 Intersegment sales 27,301 5,983 1,234 185 (34,703) - Excise taxes - (18,143) - - - (18,143) Revenues from sales 50,599 129,747 20,711 196 (34,703) 166,550 Operating expenses (23,079) (126,145) (19,566) (667) 34,703 (134,754) Depreciation, depletion and amortization of tangible assets and mineral interests (5,076) (1,908) (487) (35) - (7,506) Operating income 22,444 1,694 658 (506) - 24,290 Equity in income (loss) of affiliates and other items 1,596 401 471 336 - 2,804 Tax on net operating income (13,506) (409) (225) (38) - (14,178) Net operating income 10,534 1,686 904 (208) - 12,916 Net cost of net debt - - - - - (335) Non-controlling interests - - - - - (305) Net income - - - - - 12,276 For the year ended December 31, 2011 (adjustments (a) ) (M€) Upstream Downstream Chemicals Corporate Intercompany Total Non-Group sales 45 - - - - 45 Intersegment sales - - - - - - Excise taxes - - - - - - Revenues from sales 45 - - - - 45 Operating expenses - 1,156 (33) - - 1,123 Depreciation, depletion and amortization of tangible assets and mineral interests (75) (700) (6) - - (781) Operating income (b) (30) 456 (39) - - 387 Equity in income (loss) of affiliates and other items 191 256 209 90 - 746 Tax on net operating income (32) (109) (41) (80) - (262) Net operating income (b) 129 603 129 10 - 871 Net cost of net debt - - - - - - Non-controlling interests - - - - - (19) Net income - - - - - 852 (a) Adjustments include special items, inventory valuation effect and, as from January 1 st , 2011, the effect of changes in fair value. (b) Of which inventory valuation effect Upstream Downstream Chemicals Corporate - on operating income - 1,224 (9) - - on net operating income - 859 10 - 198 TOTAL. Registration Document 2011
For the year ended December 31, 2011 (adjusted) (M€) (a) Upstream Downstream Chemicals Corporate Intercompany Total Non-Group sales 23,253 141,907 19,477 11 - 184,648 Intersegment sales 27,301 5,983 1,234 185 (34,703) - Excise taxes - (18,143) - - - (18,143) Revenues from sales 50,554 129,747 20,711 196 (34,703) 166,505 Operating expenses (23,079) (127,301) (19,533) (667) 34,703 (135,877) Depreciation, depletion and amortization of tangible assets and mineral interests (5,001) (1,208) (481) (35) - (6,725) Adjusted operating income 22,474 1,238 697 (506) - 23,903 Equity in income (loss) of affiliates and other items 1,405 145 262 246 - 2,058 Tax on net operating income (13,474) (300) (184) 42 - (13,916) Adjusted net operating income 10,405 1,083 775 (218) - 12,045 Net cost of net debt - - - - - (335) Non-controlling interests - - - - - (286) Adjusted net income - - - - - 11,424 Adjusted fully-diluted earnings per share (€) - - - - - 5.06 (a) Except for earnings per share. For the year ended December 31, 2011 Consolidated Financial Statements 9 Notes to the Consolidated Financial Statements (M€) Upstream Downstream Chemicals Corporate Intercompany Total Total expenditures 21,689 1,870 847 135 - 24,541 Total divestments 2,656 3,235 1,164 1,523 - 8,578 Cash flow from operating activities 17,054 2,165 512 (195) - 19,536 Balance sheet as of December 31, 2011 Property, plant and equipment, intangible assets, net 64,069 7,918 4,638 245 - 76,870 Investments in equity affiliates 8,932 699 1,118 - - 10,749 Loans to equity affiliates and other non-current assets 4,793 1,749 1,144 3,105 - 10,791 Working capital 1,240 9,627 2,585 (1,374) - 12,078 Provisions and other non-current liabilities (20,095) (2,577) (1,593) (1,136) - (25,401) Assets and liabilities classified as held for sale - - - - - - Capital Employed (balance sheet) 58,939 17,416 7,892 840 - 85,087 Less inventory valuation effect - (3,615) (419) 13 - (4,021) Capital Employed (Business segment information) 58,939 13,801 7,473 853 - 81,066 ROACE as a percentage 20% 7% 10% - - 16% Registration Document 2011. TOTAL 199
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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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Corporate governance 5 Compensation
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The grant of these performance shar
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6. Employees, share ownership 6.1.
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6.3.1. Summary of transactions in t
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TOTAL and its shareholders TOTAL an
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1.2. Share performance TOTAL share
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1.2.7. TOTAL share price over the p
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2.2. Dividend payment BNP Paribas S
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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 and 186: 2. Consolidated statement of income
Page 187 and 188: 4. Consolidated balance sheet TOTAL
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
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Page 205 and 206: 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€)
Page 237 and 238: Bonds after cash flow hedge and fix
Page 239 and 240: C) Net-debt-to-equity ratio For its
Page 241 and 242: 23) Commitments and contingencies A
Page 243 and 244: guarantees. As of December 31, 2011
Page 245 and 246: 25) Share-based payments A) TOTAL s
Page 247 and 248: condition. This condition states th
Page 249 and 250: - varies on a straight-line basis b
Page 251 and 252: 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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