Registration document 2011 - tota - Total.com

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10 290 Supplemental oil and gas information (unaudited) Oil and gas information pursuant to FASB Accounting Standards Codification 932 (M€) Equity affiliates As of December 31, 2009 Future cash inflows - 1,432 16,750 48,486 - 66,668 Future production costs - (624) (6,993) (30,739) - (38,356) Future development costs - (26) (1,924) (3,891) - (5,841) Future income taxes - (245) (3,650) (1,843) - (5,738) Future net cash flows, after income taxes - 537 4,183 12,013 - 16,733 Discount at 10% - (239) (2,816) (6,383) - (9,438) Standardized measure of discounted future net cash flows - 298 1,367 5,630 - 7,295 As of December 31, 2010 Future cash inflows - 1,814 22,293 59,472 - 83,579 Future production costs - (765) (8,666) (40,085) - (49,516) Future development costs - (26) (2,020) (3,006) - (5,052) Future income taxes - (349) (5,503) (2,390) - (8,242) Future net cash flows, after income taxes - 674 6,104 13,991 - 20,769 Discount at 10% - (203) (3,946) (7,386) - (11,535) Standardized measure of discounted future net cash flows - 471 2,158 6,605 - 9,234 As of December 31, 2011 Europe Africa Americas Middle East Asia Total Future cash inflows - 210 29,887 64,977 7,116 102,190 Future production costs - (95) (17,393) (39,800) (2,683) (59,971) Future development costs - - (1,838) (2,809) (1,297) (5,944) Future income taxes - (29) (5,152) (3,942) (2,280) (11,403) Future net cash flows, after income taxes - 86 5,504 18,426 856 24,872 Discount at 10% - (36) (3,652) (9,757) (196) (13,641) Standardized measure of discounted future net cash flows - 50 1,852 8,669 660 11,231 TOTAL. Registration Document 2011
1.9. Changes in the standardized measure of discounted future net cash flows Consolidated subsidiaries (M€) 2009 2010 2011 Beginning of year 15,986 25,802 36,033 Sales and transfers, net of production costs (17,266) (22,297) (27,026) Net change in sales and transfer prices and in production costs and other expenses 35,738 30,390 44,315 Extensions, discoveries and improved recovery (267) 716 1,680 Changes in estimated future development costs (4,847) (7,245) (4,798) Previously estimated development costs incurred during the year 7,552 7,896 9,519 Revisions of previous quantity estimates 164 5,523 1,288 Accretion of discount 1,599 2,580 3,603 Net change in income taxes (12,455) (6,773) (16,925) Purchases of reserves in place 230 442 885 Sales of reserves in place (632) (1,001) (1,161) End of year 25,802 36,033 47,413 Equity affiliates Supplemental oil and gas information (unaudited) 10 Oil and gas information pursuant to FASB Accounting Standards Codification 932 (M€) 2009 2010 2011 Beginning of year 5,301 7,295 9,234 Sales and transfers, net of production costs (987) (1,583) (1,991) Net change in sales and transfer prices and in production costs and other expenses 2,789 2,366 3,715 Extensions, discoveries and improved recovery 407 - - Changes in estimated future development costs (88) 195 (383) Previously estimated development costs incurred during the year 854 651 635 Revisions of previous quantity estimates (790) 308 (749) Accretion of discount 530 730 923 Net change in income taxes (721) (728) (1,341) Purchases of reserves in place - - 1,812 Sales of reserves in place - - (624) End of year 7,295 9,234 11,231 Registration Document 2011. TOTAL 291
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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
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6. Consolidated statement of change
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Non-monetary contributions by ventu
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Intangible assets are carried at co
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when market data are not directly a
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- In June 2011, the IASB issued rev
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Since the acquisition date, sales a
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4) Business segment information Fin
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For the year ended December 31, 201
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Adjustments to net income, Group sh
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7) Other income and other expense F
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The net deferred tax variation in t
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11) Property, plant and equipment C
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12) Equity affiliates: investments
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In Group share, the main financial
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15) Inventories As of December 31,
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17) Shareholders’ equity Number o
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As of December 31, 2011, paid-in su
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The experience actuarial (gains) lo
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19) Provisions and other non-curren
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20) Financial debt and related fina
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Bonds after fair value hedge (M€)
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Bonds after cash flow hedge and fix
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C) Net-debt-to-equity ratio For its
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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
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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
Page 291 and 292: 1.6. Cost incurred The following ta
Page 293: The standardized measure of discoun
Page 297 and 298: 2011 Natural gas production availab
Page 299 and 300: TOTAL S.A. The statutory Financial
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Page 309 and 310: 4) Other non-current assets A) Chan
Page 311 and 312: TOTAL shares held by the Group subs
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Page 323 and 324: 5.2. Five-year financial data Share
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Page 327 and 328: Corporate social responsibility Cor
Page 329 and 330: TOTAL also hired 3,321 employees on
Page 331 and 332: 1.5. Equal opportunity From recruit
Page 333 and 334: 2.1. Occupational health and safety
Page 335 and 336: TOTAL particularly monitors hazardo
Page 337 and 338: The Group has therefore taken proac
Page 339 and 340: Social and economic development of
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Page 343 and 344: 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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