Registration document 2011 - tota - Total.com

9 Consolidated
Financial Statements
Notes to the Consolidated Financial Statements
The following tables show the maturity of the financial assets and liabilities of the Group as of December 31, 2011, 2010 and 2009
(see Note 20 to the Consolidated Financial Statements).
As of December 31, 2011
Assets/(Liabilities) Less than 1-2 years 2-3 years 3-4 years 4-5 years More than Total
(M€) one year 5 years
Non-current financial debt
(notional value excluding interests) - (4,492) (3,630) (3,614) (1,519) (7,326) (20,581)
Current borrowings (9,675) - - - - - (9,675)
Other current financial liabilities (167) - - - - - (167)
Current financial assets 700 - - - - - 700
Cash and cash equivalents 14,025 - - - - - 14,025
Net amount before financial expense 4,883 (4,492) (3,630) (3,614) (1,519) (7,326) (15,698)
Financial expense on non-current financial debt (785) (691) (521) (417) (302) (1,075) (3,791)
Interest differential on swaps 320 331 221 120 55 44 1,091
Net amount 4,418 (4,852) (3,930) (3,911) (1,766) (8,357) (18,398)
As of December 31, 2010
Assets/(Liabilities) Less than 1-2 years 2-3 years 3-4 years 4-5 years More than Total
(M€) one year 5 years
Non-current financial debt
(notional value excluding interests) - (3,355) (3,544) (2,218) (3,404) (6,392) (18,913)
Current borrowings (9,653) - - - - - (9,653)
Other current financial liabilities (159) - - - - - (159)
Current financial assets 1,205 - - - - - 1,205
Cash and cash equivalents 14,489 - - - - - 14,489
Net amount before financial expense 5,882 (3,355) (3,544) (2,218) (3,404) (6,392) (13,031)
Financial expense on non-current financial debt (843) (729) (605) (450) (358) (1,195) (4,180)
Interest differential on swaps 461 334 153 33 2 (78) 905
Net amount 5,500 (3,750) (3,996) (2,635) (3,760) (7,665) (16,306)
As of December 31, 2009
Assets/(Liabilities) Less than 1-2 years 2-3 years 3-4 years 4-5 years More than Total
(M€) one year 5 years
Non-current financial debt
(notional value excluding interests) - (3,658) (3,277) (3,545) (2,109) (5,823) (18,412)
Current borrowings (6,994) - - - - - (6,994)
Other current financial liabilities (123) - - - - - (123)
Current financial assets 311 - - - - - 311
Cash and cash equivalents 11,662 - - - - - 11,662
Net amount before financial expense 4,856 (3,658) (3,277) (3,545) (2,109) (5,823) (13,556)
Financial expense on non-current financial debt (768) (697) (561) (448) (301) (1,112) (3,887)
Interest differential on swaps 447 233 100 25 (16) (55) 734
Net amount 4,535 (4,122) (3,738) (3,968) (2,426) (6,990) (16,709)
In addition, the Group guarantees bank debt and finance lease
obligations of certain non-consolidated companies and equity
affiliates. A payment would be triggered by failure of the guaranteed
party to fulfill its obligation covered by the guarantee, and no assets
are held as collateral for these guarantees. Maturity dates and
amounts are set forth in Note 23 to the Consolidated Financial
Statements (“Guarantees given against borrowings”).
264 TOTAL. Registration Document 2011
The Group also guarantees the current liabilities of certain nonconsolidated
companies. Performance under these guarantees
would be triggered by a financial default of these entities. Maturity
dates and amounts are set forth in Note 23 to the Consolidated
Financial Statements (“Guarantees of current liabilities”).