Registration Document 2005 - Total.com

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9 Consolidated balance sheet TOTAL As of December 31, (in millions of euros) Note 2005 2004 ASSETS Non-current assets Intangible assets, net (Notes 5 & 10) 4,384 3,176 Property, plant and equipment, net (Notes 5 & 11) 40,568 34,906 Equity affiliates: investments and loans (Note 12) 12,652 10,680 Other investments (Note 13) 1,516 1,198 Hedging instruments of non-current financial debt (Notes 20 & 27) 477 1,516 Other non-current assets (Note 14) 2,794 2,351 Total non-current assets 62,391 53,827 Current assets Inventories, net (Note 15) 12,690 9,264 Accounts receivable, net (Note 16) 19,612 14,025 Prepaid expenses and other current assets (Note 16) 6,799 5,314 Current financial instruments (Notes 20 & 27) 334 477 Cash and cash equivalents 4,318 3,860 Total current assets 43,753 32,940 Total assets 106,144 86,767 LIABILITIES & SHAREHOLDERS’ EQUITY Shareholders’ equity Common shares 6,151 6,350 Paid-in surplus and retained earnings 37,504 31,717 Cumulative translation adjustment 1,421 (1,429) Treasury shares (4,431) (5,030) Total shareholders’ equity - Group share (Note 17) 40,645 31,608 Minority interests and subsidiaries’ redeemable preferred shares 838 810 Total shareholders’ equity 41,483 32,418 Non-current liabilities Deferred income taxes (Note 9) 6,976 6,402 Employee benefits (Note 18) 3,413 3,607 Other non-current liabilities (Note 19) 7,051 6,274 Total non-current liabilities 17,440 16,283 Non-current financial debt (Note 20) 13,793 11,289 Current liabilities Appendix 1 – Consolidated financial statements Consolidated balance sheet Accounts payable 16,406 11,672 Other creditors and accrued liabilities (Note 21) 13,069 11,148 Current borrowings (Note 20) 3,920 3,614 Current financial instruments (Notes 20 & 27) 33 343 Total current liabilities 33,428 26,777 Total liabilities and shareholders’ equity 106,144 86,767 166 TOTAL - Registration Document 2005
Consolidated statement of cash flows TOTAL (Note 26) For the year ended December 31, (in millions of euros) Appendix 1 – Consolidated financial statements Consolidated statements of cash flows CASH FLOw FROM OPERATING ACTIVITIES Consolidated net income 12,643 11,149 Depreciation, depletion, and amortization 5,652 6,268 Non-current liabilities, valuation allowances, and deferred taxes 515 715 Impact of coverage of pension benefit plans (23) (181) Unsuccessful exploration costs 431 414 (Gains) Losses on sales of assets (99) (3,139) Undistributed affiliates’ equity earnings (596) (583) Other changes, net 148 272 Cash flow from operating activities before changes in working capital 18,671 14,915 (Increase) Decrease in operating assets and liabilities (4,002) (253) Cash flow from operating activities 14,669 14,662 TOTAL - Registration Document 2005 9 2005 2004 CASH FLOw USED IN INVESTING ACTIVITIES Intangible assets and property, plant and equipment additions (8,482) (7,403) Exploration costs directly charged to expense (366) (374) Acquisitions of subsidiaries, net of cash acquired (1,116) (131) Investments in equity affiliates and other securities (280) (209) Increase in non-current loans (951) (787) Total expenditures (11,195) (8,904) Proceeds from sale of intangible assets and property, plant and equipment 274 225 Proceeds from sale of subsidiaries, net of cash sold 11 1 Proceeds from sale of non-current investments 135 408 Repayment of non-current loans 668 558 Total divestitures 1,088 1,192 Cash flow used in investing activities (10,107) (7,712) CASH FLOw USED IN FINANCING ACTIVITIES Issuance (repayment) of shares: Parent company’s shareholders 17 371 Treasury shares (3,189) (3,554) Minority shareholders 83 162 Subsidiaries’ redeemable preferred shares (156) (241) Cash dividends paid: - Parent company’s shareholders (3,510) (4,293) - Minority shareholders (237) (207) Net issuance (repayment) of non-current debt 2,878 2,249 Increase (Decrease) in current borrowings (951) (2,195) Other changes, net (1) (6) Cash flow used in financing activities (5,066) (7,714) Net increase/decrease in cash and cash equivalents (504) (764) Effect of exchange rates and changes in reporting entity 962 (236) Cash and cash equivalents at the beginning of the period 3,860 4,860 Cash and cash equivalents at the end of the period 4,318 3,860 167
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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
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Nominating & Compensation Committee
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The hydrocarbon reserves are review
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Headcount, Employee shareholdings,
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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 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: Consolidated statement of income TO
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
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 -
Page 215 and 216: B. Financial instruments related to
Page 217 and 218: 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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