Registration document 2011 - tota - Total.com

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9 Consolidated Financial Statements Notes to the Consolidated Financial Statements 22) Lease contracts The Group leases real estate, retail stations, ships, and other equipments (see Note 11 to the Consolidated Financial Statements). The future minimum lease payments on operating and finance leases to which the Group is committed are shown as follows: For the year ended December 31, 2011 (M€) Operating leases Finance leases 2012 762 41 2013 552 40 2014 416 37 2015 335 36 2016 316 34 2017 and beyond 940 20 Total minimum payments 3,321 208 Less financial expenses - (31) Nominal value of contracts - 177 Less current portion of finance lease contracts - (25) Outstanding liability of finance lease contracts - 152 For the year ended December 31, 2010 (M€) Operating leases Finance leases 2011 582 39 2012 422 39 2013 335 39 2014 274 35 2015 230 35 2016 and beyond 1,105 54 Total minimum payments 2,948 241 Less financial expenses - (43) Nominal value of contracts - 198 Less current portion of finance lease contracts - (23) Outstanding liability of finance lease contracts - 175 For the year ended December 31, 2009 (M€) Operating leases Finance leases 2010 523 42 2011 377 43 2012 299 42 2013 243 41 2014 203 39 2015 and beyond 894 128 Total minimum payments 2,539 335 Less financial expenses - (53) Nominal value of contracts - 282 Less current portion of finance lease contracts - (22) Outstanding liability of finance lease contracts - 260 Net rental expense incurred under operating leases for the year ended December 31, 2011 is €645 million (against €605 million in 2010 and €613 million in 2009). 236 TOTAL. Registration Document 2011
23) Commitments and contingencies As of December 31, 2011 (M€) Non-current debt obligations net of hedging instruments (note 20) 20,429 - 13,121 7,308 Current portion of non-current debt obligations net of hedging instruments (note 20) 3,488 3,488 - - Finance lease obligations (note 22) 177 25 134 18 Asset retirement obligations (note 19) 6,884 272 804 5,808 Contractual obligations recorded in the balance sheet 30,978 3,785 14,059 13,134 Operating lease obligations (note 22) 3,321 762 1,619 940 Purchase obligations 77,353 11,049 20,534 45,770 Contractual obligations not recorded in the balance sheet 80,674 11,811 22,153 46,710 Total of contractual obligations 111,652 15,596 36,212 59,844 Guarantees given for excise taxes 1,765 1,594 73 98 Guarantees given against borrowings 4,778 3,501 323 954 Indemnities related to sales of businesses 39 - 34 5 Guarantees of current liabilities 376 262 35 79 Guarantees to customers/suppliers 3,265 1,634 57 1,574 Letters of credit 2,408 1,898 301 209 Other operating commitments 2,477 433 697 1,347 Total of other commitments given 15,108 9,322 1,520 4,266 Mortgages and liens received 408 7 119 282 Goods and services sale obligations (a) 62,216 4,221 17,161 40,834 Other commitments received 6,740 4,415 757 1,568 Total of commitments received 69,364 8,643 18,037 42,684 (a) As from December 31, 2011, the Group discloses its goods and services sale obligations. As of December 31, 2010 (M€) Consolidated Financial Statements 9 Notes to the Consolidated Financial Statements Total Less than 1 year Total Less than 1 year Maturity and installments Between 1 and 5 years More than 5 years Maturity and installments Between 1 and 5 years More than 5 years Non-current debt obligations net of hedging instruments (note 20) 18,738 - 12,392 6,346 Current portion of non-current debt obligations net of hedging instruments (note 20) 3,483 3,483 - - Finance lease obligations (note 22) 198 23 129 46 Asset retirement obligations (note 19) 5,917 177 872 4,868 Contractual obligations recorded in the balance sheet 28,336 3,683 13,393 11,260 Operating lease obligations (note 22) 2,948 582 1,261 1,105 Purchase obligations 61,293 6,347 14,427 40,519 Contractual obligations not recorded in the balance sheet 64,241 6,929 15,688 41,624 Total of contractual obligations 92,577 10,612 29,081 52,884 Guarantees given for excise taxes 1,753 1,594 71 88 Guarantees given against borrowings 5,005 1,333 493 3,179 Indemnities related to sales of businesses 37 - 31 6 Guarantees of current liabilities 171 147 19 5 Guarantees to customers/suppliers 3,020 1,621 96 1,303 Letters of credit 1,250 1,247 - 3 Other operating commitments 2,057 467 220 1,370 Total of other commitments given 13,293 6,409 930 5,954 Mortgages and liens received 429 2 114 313 Other commitments received 6,387 3,878 679 1,830 Total of commitments received 6,816 3,880 793 2,143 Registration Document 2011. TOTAL 237
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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
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Consolidated Financial Statements T
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2. Consolidated statement of income
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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
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: C) Net-debt-to-equity ratio For its
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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Page 285 and 286: Supplemental oil and gas informatio
Page 287 and 288: 1.4.4. Changes in gas reserves Supp
Page 289 and 290: 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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