Registration document 2011 - tota - Total.com

9 Consolidated
Financial Statements
Notes to the Consolidated Financial Statements
Allowances
In 2011, allowances of the period (€921 million) mainly include:
– Asset retirement obligations for €344 million (accretion);
– Environmental contingencies for €100 million in the Downstream
and Chemicals segments; and
– Provisions related to restructuring of activities for €79 million.
In 2010, allowances of the period (€1,052 million) mainly included:
– Asset retirement obligations for €338 million (accretion);
– Environmental contingencies for €88 million in the Downstream
and Chemicals segments;
– The contingency reserve related to the Buncefield depot
explosion (civil liability) for €79 million; and
– Provisions related to restructuring of activities for €226 million.
In 2009, allowances of the period (€1,254 million) mainly included:
– Asset retirement obligations for €283 million (accretion);
– Environmental contingencies for €147 million in the Downstream
and Chemicals segments;
– The contingency reserve related to the Buncefield depot
explosion (civil liability) for €223 million; and
– Provisions related to restructuring of activities for €121 million.
Reversals
In 2011, reversals of the period (€798 million) are mainly related to
the following incurred expenses:
– Provisions for asset retirement obligations for €189 million;
– Environmental contingencies written back for €70 million;
– The contingency reserve related to the Toulouse-AZF plant
explosion (civil liability), written back for €10 million;
Changes in the asset retirement obligation
Changes in the asset retirement obligation are as follows:
(M€) As of Accretion Revision in New Spending on Currency Other As of
January 1, estimates obligations existing translation December 31,
obligations adjustment
2011 5,917 344 330 323 (189) 150 9 6,884
2010 5,469 338 79 175 (214) 316 (246) 5,917
2009 4,500 283 447 179 (191) 232 19 5,469
228 TOTAL. Registration Document 2011
– The contingency reserve related to the Buncefield depot
explosion (civil liability), written back for €116 million; and
– Provisions for restructuring and social plans written back for
€164 million.
In 2010, reversals of the period (€971 million) were mainly related
to the following incurred expenses:
– Provisions for asset retirement obligations for €214 million;
– €26 million for litigation reserves in connection with antitrust
investigations;
– Environmental contingencies written back for €66 million;
– The contingency reserve related to the Toulouse-AZF plant
explosion (civil liability), written back for €9 million;
– The contingency reserve related to the Buncefield depot
explosion (civil liability), written back for €190 million; and
– Provisions for restructuring and social plans written back for
€60 million.
In 2009, reversals of the period (€1,413 million) were mainly related
to the following incurred expenses:
– Provisions for asset retirement obligations for €191 million;
– €52 million for litigation reserves in connection with antitrust
investigations;
– Environmental contingencies written back for €86 million;
– The contingency reserve related to the Toulouse-AZF plant
explosion (civil liability), written back for €216 million;
– The contingency reserve related to the Buncefield depot
explosion (civil liability), written back for €375 million; and
– Provisions for restructuring and social plans written back for
€28 million.