Registration Document 2005 - Total.com

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6 TOTAL and its shareholders TOTAL shares Appreciation of a portfolio invested in TOTAL shares Gross yield of 20.3% per year over 10 years Multiplication of an initial investment by 6.3x over 10 years 126 TOTAL - Registration Document 2005 For every 1,000 euros invested in TOTAL stock as of December 31, in year n, by an individual residing in France, assuming that the gross dividends (including the 50% tax credit available until December 31, 2004) are reinvested in TOTAL stock, and excluding tax and social withholding. Investment date Annual yield Value as of Dec. 31, 2005 of 1,000 euro investment TOTAL CAC 40 TOTAL CAC 40 1 year January 1, 2005 36.1% 26.6% 1,361 1,266 5 years January 1, 2001 9.9% (1.7%) 1,603 918 10 years January 1, 1996 20.3% 12.5% 6,348 3,247 15 years January 1, 1991 20.6% 10.9% 16,604 4,720 Information Summary Share price (in euros) 2005 2004 2003 2002 2001 Highest (during regular trading session) 229.10 171.80 147.90 179.40 179.80 Lowest (during regular trading session) 158.00 139.40 110.50 121.20 126.00 End of year (close) 212.20 160.70 147.40 136.10 160.40 Trading volume (average per session) Paris Stock Exchange 2,709,740 2,743,963 2,950,951 2,979,693 2,482,110 London Exchange SEAQ International (a) 884,017 950,012 857,933 1,913,200 2,568,514 New York Stock Exchange (b) (number of ADS) 857,705 599,527 487,942 477,912 436,654 Dividend per share (in euros) Net dividend (c) 6.48 5.40 4.70 4.10 3.80 Tax credit (d) - 1.20 2.35 2.05 1.90 (a) To make the trading volume on the SEAQ International comparable to the trading volume in Paris, the number of transactions recorded in London is usually divided by two to account for activity of market makers in London. However, the volumes presented in the table above have not been divided by two. (b) Two ADSs correspond to one TOTAL share (before the 4:1 stock split, which will be submitted for approval of the General Meeting of shareholders of May 12, 2006). Following the split, one ADS will correspond to one TOTAL share. (c) Subject to approval by the General Meeting of Shareholders of May 12, 2006. This amount includes the interim 2005 dividend of 3 euros per share paid on November 24, 2005, before the 4:1 stock split. (d) Based on a tax credit of 50% on the net dividends paid before January 1, 2005, enforceable date of tax credit elimination for individuals under the 2004 French Finance Law. For other shareholders, the tax credit was eliminated by this law as of January 1, 2004. Pursuant to Article 243 bis of the French General Tax Code, the interim dividend paid on November 24, 2005 is eligible for the 50% rebate applying to individuals residing for tax purposes in France, as provided for in Article 158-3 of the French General Tax Code. However, under the same articles amended by the French Finance Law of 2006, the balance of the dividend paid in 2006 is eligible for the 40% rebate applying to individuals residing for tax purposes in France.
TOTAL share over the last 18 months (on Paris Stock Exchange) TOTAL and its shareholders TOTAL shares TOTAL - Registration Document 2005 6 Average volume traded Highest price traded Lowest price traded (in euros) (in euros) September 2004 2,874,182 171.8 160.3 October 2004 3,007,715 170.6 161.4 November 2004 2,456,430 168.3 162.8 December 2004 2,214,678 166.2 157.3 January 2005 2,352,983 165.9 158.0 February 2005 3,040,960 182.3 165.1 March 2005 2,699,476 184.1 177.4 April 2005 3,205,977 185.0 171.4 May 2005 2,636,520 181.7 182.3 June 2005 2,461,512 196.6 180.3 July 2005 3,059,133 209.8 192.1 August 2005 2,108,048 214.0 205.1 September 2005 2,781,296 229.1 213.5 October 2005 3,510,918 228.2 199.0 November 2005 2,714,074 224.2 205.8 December 2005 2,030,759 220.4 210.6 January 2006 2,794,385 232.6 213.2 February 2006 2,685,915 228.1 210.3 Maximum during the period 232.6 euros Minimum during the period 157.3 euros 127
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Registration Document 2005
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Registration Document 2005 This is
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Key figures Selected financial info
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104,652 2003 French GAAP Sales (M
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DOWNSTREAM Refined product sales (k
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Business overview History and strat
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Upstream TOTAL’s Upstream segment
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Exploration & Production Exploratio
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Production TOTAL’s average daily
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Presentation of production activiti
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Europe Year of entry into the count
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Africa TOTAL has been present in Af
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Libya The Group’s share of produc
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North America The Group’s presenc
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On the Yucal Placer field, the init
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Commonwealth of Independent States
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The Netherlands TOTAL is the second
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Kuwait Since 1997, the Group has pr
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Gas & Power The Gas & Power sector
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Middle East In Qatar, negotiations
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TOTAL is pursuing decentralized rur
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Refining & Marketing On December 31
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Marketing The Group is one of the l
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the provinces of Shanghai, Jiangsu
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All of TOTAL’s trading activities
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Base Chemicals TOTAL’s Base Chemi
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Specialties TOTAL’s Specialties s
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trademarks. It is present on three
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Other activities E-Commerce In 2005
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Organizational structure Position o
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Executive Committee Trading & Shipp
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Management Report of the Board of D
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Market environment Management Repor
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Upstream results (in millions of eu
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Downstream results (in millions of
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Adoption of IFRS rules The principa
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Liquidity and capital resources Lon
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Research and development Research a
Page 77 and 78: Risk factors Market risks p. 76 •
Page 79 and 80: Financial markets related risks Wit
Page 81 and 82: The non-current debt in dollars des
Page 83 and 84: Grande Paroisse An explosion occurr
Page 85 and 86: Myanmar Under the Belgian “univer
Page 87 and 88: Risk management Risk evaluations le
Page 89 and 90: ILSA - Other US regulations In 2001
Page 91 and 92: Insurance and risk management Organ
Page 93 and 94: Corporate governance Board of Direc
Page 95 and 96: Anne Lauvergeon 46 years old. Indep
Page 97 and 98: Additional information required und
Page 103 and 104: Statutory auditors Statutory audito
Page 105 and 106: Executive Officers’ Compensation
Page 107 and 108: Report of the Chairman of the Board
Page 109 and 110: july 19: • estimated earnings for
Page 111 and 112: Nominating & Compensation Committee
Page 113 and 114: The hydrocarbon reserves are review
Page 115 and 116: Headcount, Employee shareholdings,
Page 117 and 118: Allocation of TOTAL share subscript
Page 119 and 120: TOTAL share subscription and purcha
Page 121 and 122: Allocation of TOTAL restricted shar
Page 123 and 124: Elf Aquitaine share subscription op
Page 125 and 126: TOTAL and its shareholders TOTAL sh
Page 127: Four-for-one stock split A proposal
Page 131 and 132: Dividend payment on Stock Certifica
Page 133 and 134: • were repurchased under the auth
Page 135 and 136: These transactions may be carried o
Page 137 and 138: Shareholders Relationship between T
Page 139 and 140: The holdings of the principal share
Page 141 and 142: Shareholders Estimate of capital di
Page 143 and 144: The above-mentioned French forms ar
Page 145 and 146: • • • • On November 18 and
Page 147 and 148: 2006 Calendar February 15 Results f
Page 149 and 150: Financial information Historical fi
Page 151 and 152: Additional information Financial in
Page 153 and 154: General information Share capital p
Page 155 and 156: • Authority to grant restricted e
Page 157 and 158: Potential capital as of December 31
Page 159 and 160: General information Articles of inc
Page 161 and 162: Shareholders’ Meetings Notices of
Page 163 and 164: Documents on display The documents
Page 165 and 166: Statutory auditors’ report on the
Page 167 and 168: Consolidated statement of income TO
Page 169 and 170: Consolidated statement of cash flow
Page 171 and 172: Notes to the consolidated financial
Page 173 and 174: The cost of employee-reserved capit
Page 175 and 176: K. Impairment of long-lived assets
Page 177 and 178: Crude oil costs include raw materia
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Fair value option In June 2005, the
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A. Information by business segment
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Appendix 1 - Consolidated financial
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C. Adjusting items by business segm
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7. Other income and other expense A
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RECONCILIATION BETwEEN PROVISION FO
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12. Equity affiliates: investments
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14. Other non-current assets Append
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Capital increase reserved for Group
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The Group expects to contribute 371
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19. Other non-current liabilities A
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(in millions of euros) TOTAL CAPITA
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Impact on net income Appendix 1 - C
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23. Commitments and contingencies A
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B. TOTAL share purchase plan Append
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25. Payroll and staff Appendix 1 -
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B. Financial instruments related to
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Management of short-term interest r
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31. Other information A. Research a
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The consolidated balance sheet and
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Note 32.6: IFRS restatements with a
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Fixed assets Component Impairment o
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Fixed assets Component Impairment o
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53.2% 95.7% Elf Aquitaine 99.5% 100
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Oil and gas reserves p. 232 • Cha
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Changes in liquids reserves Appendi
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Changes in liquids and gas reserves
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Costs incurred in oil and gas prope
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Standardized measure of discounted
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Other information Accounting for ex
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Appendix 3 - TOTAL S.A. Special aud
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Statutory auditors’ report on the
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Summary balance sheet at December 3
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Other five-year financial data TOTA
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Employment and environmental inform
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4) Compensation TOTAL - Registratio
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Environment Pursuant to French Law
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Five-year consolidated financial in
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10. CAPITAL RESOURCES 10.1. Informa
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TOTAL S.A. Registered Offi ce: 2, p
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