Registration document 2011 - tota - Total.com

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9 Consolidated Financial Statements Notes to the Consolidated Financial Statements Fair value of bonds, as of December 31, 2011, after taking into account currency and interest rates swaps, is detailed as follows: Bonds after fair value hedge (M€) Year of issue Fair value after hedging as of December 31, 2011 Fair value after hedging as of December 31, 2010 Fair value after hedging as of December 31, 2009 Parent company Bond 1998 129 125 116 FRF 2013 5.000% Bond 2000 - - 61 EUR 2010 5.650% Current portion (less than one year) - - (61) Total parent company 129 125 116 Currency Maturity Initial rate before hedging instruments TOTAL CAPITAL (a) Bond 2002 15 15 14 USD 2012 5.890% Bond 2003 - - 160 CHF 2010 2.385% Bond 2003 23 22 21 USD 2013 4.500% Bond 2004 - - 53 CAD 2010 4.000% Bond 2004 - - 113 CHF 2010 2.385% Bond 2004 - - 438 EUR 2010 3.750% Bond 2004 - - 322 GBP 2010 4.875% Bond 2004 - - 128 GBP 2010 4.875% Bond 2004 - - 185 GBP 2010 4.875% Bond 2004 - 57 53 AUD 2011 5.750% Bond 2004 - 116 107 CAD 2011 4.875% Bond 2004 - 235 203 USD 2011 4.125% Bond 2004 - 75 69 USD 2011 4.125% Bond 2004 129 125 116 CHF 2012 2.375% Bond 2004 52 51 47 NZD 2014 6.750% Bond 2005 - 57 53 AUD 2011 5.750% Bond 2005 - 60 56 CAD 2011 4.000% Bond 2005 - 120 112 CHF 2011 1.625% Bond 2005 - 226 226 CHF 2011 1.625% Bond 2005 - 139 144 USD 2011 4.125% Bond 2005 63 63 63 AUD 2012 5.750% Bond 2005 200 194 180 CHF 2012 2.135% Bond 2005 65 65 65 CHF 2012 2.135% Bond 2005 97 97 97 CHF 2012 2.375% Bond 2005 404 391 363 EUR 2012 3.250% Bond 2005 57 57 57 NZD 2012 6.500% Bond 2006 - - 75 GBP 2010 4.875% Bond 2006 - - 50 EUR 2010 3.750% Bond 2006 - - 50 EUR 2010 3.750% Bond 2006 - - 100 EUR 2010 3.750% Bond 2006 - 42 42 EUR 2011 EURIBOR 3 months +0.040% Bond 2006 - 300 300 EUR 2011 3.875% Bond 2006 - 150 150 EUR 2011 3.875% Bond 2006 - 300 300 EUR 2011 3.875% Bond 2006 - 120 120 USD 2011 5.000% Bond 2006 - 300 300 EUR 2011 3.875% Bond 2006 - 472 472 USD 2011 5.000% Bond 2006 62 62 62 AUD 2012 5.625% Bond 2006 72 72 72 CAD 2012 4.125% Bond 2006 100 100 100 EUR 2012 3.250% Bond 2006 74 74 74 GBP 2012 4.625% Bond 2006 100 100 100 EUR 2012 3.250% Bond 2006 125 125 125 CHF 2013 2.510% Bond 2006 127 127 127 CHF 2014 2.635% Bond 2006 130 130 130 CHF 2016 2.385% Bond 2006 65 65 65 CHF 2016 2.385% Bond 2006 64 64 64 CHF 2016 2.385% Bond 2006 63 63 63 CHF 2016 2.385% 230 TOTAL. Registration Document 2011
Bonds after fair value hedge (M€) Year of issue Fair value after hedging as of December 31, 2011 Fair value after hedging as of December 31, 2010 Fair value after hedging as of December 31, 2009 Consolidated Financial Statements 9 Notes to the Consolidated Financial Statements Currency Maturity Initial rate before hedging instruments TOTAL CAPITAL (a) (continued) Bond 2006 129 129 129 CHF 2018 3.135% Bond 2007 - - 60 CHF 2010 2.385% Bond 2007 - - 74 GBP 2010 4.875% Bond 2007 - 77 77 USD 2011 5.000% Bond 2007 370 370 370 USD 2012 5.000% Bond 2007 222 222 222 USD 2012 5.000% Bond 2007 61 61 61 AUD 2012 6.500% Bond 2007 72 72 72 CAD 2012 4.125% Bond 2007 71 71 71 GBP 2012 4.625% Bond 2007 300 300 300 EUR 2013 4.125% Bond 2007 73 73 73 GBP 2013 5.500% Bond 2007 306 306 306 GBP 2013 5.500% Bond 2007 72 72 72 GBP 2013 5.500% Bond 2007 248 248 248 CHF 2014 2.635% Bond 2007 31 31 31 JPY 2014 1.505% Bond 2007 61 61 61 CHF 2014 2.635% Bond 2007 49 49 49 JPY 2014 1.723% Bond 2007 121 121 121 CHF 2015 3.125% Bond 2007 300 300 300 EUR 2017 4.700% Bond 2007 76 76 76 CHF 2018 3.135% Bond 2007 60 60 60 CHF 2018 3.135% Bond 2008 - - 63 GBP 2010 4.875% Bond 2008 - - 66 GBP 2010 4.875% Bond 2008 - 92 92 AUD 2011 7.500% Bond 2008 - 100 100 EUR 2011 3.875% Bond 2008 - 150 150 EUR 2011 3.875% Bond 2008 - 50 50 EUR 2011 3.875% Bond 2008 - 50 50 EUR 2011 3.875% Bond 2008 - 60 60 JPY 2011 EURIBOR 6 months +0.018% Bond 2008 - 102 102 USD 2011 3.750% Bond 2008 62 62 62 CHF 2012 2.135% Bond 2008 124 124 124 CHF 2012 3.635% Bond 2008 46 46 46 CHF 2012 2.385% Bond 2008 92 92 92 CHF 2012 2.385% Bond 2008 64 64 64 CHF 2012 2.385% Bond 2008 50 50 50 EUR 2012 3.250% Bond 2008 63 63 63 GBP 2012 4.625% Bond 2008 63 63 63 GBP 2012 4.625% Bond 2008 63 63 63 GBP 2012 4.625% Bond 2008 62 62 62 NOK 2012 6.000% Bond 2008 69 69 69 USD 2012 5.000% Bond 2008 60 60 60 AUD 2013 7.500% Bond 2008 61 61 61 AUD 2013 7.500% Bond 2008 128 127 127 CHF 2013 3.135% Bond 2008 62 62 62 CHF 2013 3.135% Bond 2008 200 200 200 EUR 2013 4.125% Bond 2008 100 100 100 EUR 2013 4.125% Bond 2008 1,000 1,000 1,000 EUR 2013 4.750% Bond 2008 63 63 63 GBP 2013 5.500% Bond 2008 149 149 149 JPY 2013 EURIBOR 6 months +0.008% Bond 2008 191 191 191 USD 2013 4.000% Bond 2008 61 61 61 CHF 2015 3.135% Bond 2008 62 62 62 CHF 2015 3.135% Bond 2008 61 61 61 CHF 2015 3.135% Bond 2008 62 62 62 CHF 2018 3.135% Bond 2009 56 56 56 AUD 2013 5.500% Bond 2009 54 54 54 AUD 2013 5.500% Bond 2009 236 236 236 CHF 2013 2.500% Registration Document 2011. TOTAL 231
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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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the Board of Directors decided on J
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- delivered to the holders of secur
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4.4. Major shareholders 4.4.1. Chan
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4.6. Shares held by members of the
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However, there are certain exceptio
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6.4. Registered shareholding TOTAL
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Financial information Financial inf
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4. Dividend policy The Company’s
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criminal chamber of the Court of Ap
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In October 2010, the Prosecutor’s
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General information General informa
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delegations of authority granted by
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1.4. Potential share capital as of
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2.3. Provisions of the by-laws gove
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2.6. Shareholders’ meetings 2.6.1
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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
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
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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
Page 253 and 254: 27) Statement of cash flows A) Cash
Page 255 and 256: As of December 31, 2010 (M€) Asse
Page 257 and 258: Assets and liabilities from financi
Page 259 and 260: As of December 31, 2010 (M€) Asse
Page 261 and 262: D) Fair value hierarchy The fair va
Page 263 and 264: As of December 31, 2009 Consolidate
Page 265 and 266: As part of its gas, power and coal
Page 267 and 268: As a result of this policy, the imp
Page 269 and 270: The following table sets forth fina
Page 271 and 272: its assets (as calculated under the
Page 273 and 274: e paid to those affected by the pol
Page 275 and 276: 33) Other information Research and
Page 277 and 278: The business segments are identifie
Page 279 and 280: Supplemental oil and gas informatio
Page 281 and 282: 1.3. Proved undeveloped reserves As
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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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