Registration Document 2005 - Total.com

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8 General information Other information Other information Employee incentives and profit-sharing On June 30, 2003, an incentive agreement and a profit-sharing agreement were signed for 2003, 2004, 2005, concerning TOTAL S.A., CDF Énergie, Elf Exploration Production, Total E&P France, Total France, Total Infrastructures Gaz France, Total Lubrifiants, Total Services Maritimes, Total Fluides and Totalgaz. The amount of the special profit-sharing and incentives reserve to be distributed by all of the companies that signed the Group agreements for fiscal year 2005 totaled 78 million euros. Pension Savings Plan Pursuant to French law 2003-775 of August 21, 2003 reforming pensions, an agreement was signed with the unions on September 29, 2004 to set up, as of January 1, 2005, a Collective Retirement Savings Plan (PERCO) to replace the PPESV created in the agreement of March 15, 2002. An amendment to this agreement was signed on December 20, 2005 to increase, in France, the employees and Company contributions, and to allow contributions of bonuses or profit-sharing. Filing of Form 20-F with the Securities and Exchange Commission In order to meet its obligations resulting from the listing of its shares in the United States, the Company files, along with this document, an annual document (Form 20-F) in English with the Securities and Exchange Commission (SEC). This document contains a table showing the reconciliation between its consolidated financial statements and the statements that would be presented under US accounting standards. 160 TOTAL - Registration Document 2005 The principal variance concerns the treatment of the consolidation of Elf Aquitaine and PetroFina. Pursuant to IFRS 1 “First-time adoption of the IFRS”, the Group opted for the exemption not to restate business combinations prior to January 1, 2004. Thus, the consolidations of Elf Aquitaine and PetroFina are booked as a pooling of interests in the IFRS statements and as acquisitions in the US statements. The other differences result from various methods presenting incompatibilities under accounting law. These differences, which have their origin in various practices for valuing balance sheet items, have no impact on cash flows, cash and cash equivalents or financial liabilities. The detailed explanations of the differences described above are presented in the Form 20-F available on the Group’s website. Moreover, the Company specifies that, pursuant to the requirements introduced by the Sarbanes-Oxley Act of July 30, 2002, the Chairman and Chief Executive Officer and the Chief Financial Officer of the Company conducted, with the assistance of Management, an evaluation of the effectiveness of the internal controls and procedures for the information published or to be published (disclosure controls and procedures) as defined by US regulations, for the period covered by the Form 20-F document. For 2005, the Chairman and Chief Executive Officer and the Chief Financial Officer verified the effectiveness of the internal controls and procedures.
Documents on display The documents and information about TOTAL S.A., as well as its Charter, bylaws and the Company’s individual and consolidated financial statements for the year ended December 31, 2005 or for previous years may be consulted at the Company’s headquarters pursuant to the legal and regulatory provisions in force. In addition, the financial information of a direct or indirect subsidiary of the Company for the years ended December 31, 2004 and December 31, 2005 may be consulted at the headquarters of the subsidiary, under the applicable legal and regulatory conditions. General information Documents on display TOTAL - Registration Document 2005 8 Finally, TOTAL’s registration documents filed with the French Autorité des marchés financiers for each of the past five financial years as well as half-year Group presentations on its results and outlook may be consulted online on the Company’s website www. total.com, under the heading Finance/Publications), and on the website of the Autorité des marchés financiers (www.amf-france.org). 161
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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
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Risk factors Market risks p. 76 •
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Financial markets related risks Wit
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The non-current debt in dollars des
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Grande Paroisse An explosion occurr
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Myanmar Under the Belgian “univer
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Risk management Risk evaluations le
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ILSA - Other US regulations In 2001
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Insurance and risk management Organ
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Corporate governance Board of Direc
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Anne Lauvergeon 46 years old. Indep
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Additional information required und
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Statutory auditors Statutory audito
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Executive Officers’ Compensation
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Report of the Chairman of the Board
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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 and 128: Four-for-one stock split A proposal
Page 129 and 130: TOTAL share over the last 18 months
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: Shareholders’ Meetings Notices of
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
Page 179 and 180: Fair value option In June 2005, the
Page 181 and 182: A. Information by business segment
Page 183 and 184: Appendix 1 - Consolidated financial
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Page 187 and 188: C. Adjusting items by business segm
Page 189 and 190: 7. Other income and other expense A
Page 191 and 192: RECONCILIATION BETwEEN PROVISION FO
Page 193 and 194: 12. Equity affiliates: investments
Page 195 and 196: 14. Other non-current assets Append
Page 197 and 198: Capital increase reserved for Group
Page 199 and 200: The Group expects to contribute 371
Page 201 and 202: 19. Other non-current liabilities A
Page 203 and 204: (in millions of euros) TOTAL CAPITA
Page 205 and 206: Impact on net income Appendix 1 - C
Page 207 and 208: 23. Commitments and contingencies A
Page 209 and 210: B. TOTAL share purchase plan Append
Page 211 and 212: 25. Payroll and staff Appendix 1 -
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Appendix 1 - Consolidated financial
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B. Financial instruments related to
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Management of short-term interest r
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Appendix 1 - Consolidated financial
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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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Registration Document 2005 - Total.com

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