Registration Document 2005 - Total.com

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9 Appendix 1 – Consolidated financial statements Notes to the consolidated financial statements 2004 (adjusted) (in millions of euros) Upstream Downstream Chemicals Corporate Intercompany Total Non-Group sales 15,037 86,896 20,042 23 - 121,998 Intersegment sales 14,208 2,836 699 183 (17,926) - Excise taxes - (21,517) - - - (21,517) Revenues from sales 29,245 68,215 20,741 206 (17,926) 100,481 Operating expenses (13,213) (63,961) (18,800) (524) 17,926 (78,572) Depreciation, depletion and amortization of tangible assets and leasehold rights (3,188) (1,019) (803) (31) (5,041) Adjusted operating income 12,844 3,235 1,138 (349) 16,868 Equity in income (loss) of affiliates and other items 320 98 (23) 672 1,067 Tax on net operating income (7,305) (1,002) (348) 240 (8,415) Adjusted net operating income 5,859 2,331 767 563 9,520 Net cost of net debt (118) Minority interests and dividends on subsidiaries’ redeemable preferred shares (271) Adjusted net income 9,131 2004 (in millions of euros) Upstream Downstream Chemicals Corporate Intercompany Total Total expenditures 6,202 1,675 949 78 8,904 Divestitures at sale price 637 200 122 233 1,192 Cash flow from operating activities 10,347 3,269 600 446 14,662 Balance Sheet as of December 31, 2004 Property, plant and equipment, intangible assets 24,249 7,466 6,146 221 38,082 Investments in equity affiliates 1,455 1,347 589 6,412 9,803 Loans to equity affiliates and other non-current assets 1,865 1,064 791 706 4,426 Working capital (1,665) 3,870 3,436 142 5,783 Provisions and other non-current liabilities (9,624) (2,347) (2,610) (1,702) (16,283) Capital Employed (Balance Sheet) 16,280 11,400 8,352 5,779 41,811 Less inventory valuation effect - (1,746) (199) 404 (1,541) Capital Employed (Business segment information) 16,280 9,654 8,153 6,183 40,270 ROACE as a percentage 36% 25% 9% 24% 182 TOTAL - Registration Document 2005
Appendix 1 – Consolidated financial statements Notes to the consolidated financial statements 9 B. Reconciliation between business segment information and the consolidated statement of income The table below reconciles the information presented above with the consolidated statement of income: 2005 (in millions of euros) Consolidated Adjusted Adjusting items statement of income Sales 143,168 - 143,168 Excise Tax (20,550) - (20,550) Revenues from sales 122,618 - 122,618 Purchases, net of inventory variation (73,830) 1,265 (72,565) Other operating expenses (20,005) (159) (20,164) Unsuccessful exploration costs (431) - (431) Depreciation, depletion and amortization of tangible assets and leasehold rights (5,150) (261) (5,411) Operating income Corporate (467) - (467) Business segments 23,669 845 24,514 Total operating income 23,202 845 24,047 Other income 177 - 177 Other expense (83) (679) (762) Financial interest on debt (1,257) - (1,257) Financial income from marketable securities & cash equivalents 943 - 943 Cost of net debt (314) - (314) Other financial income 405 - 405 Other financial expense (269) - (269) Income taxes (12,401) 576 (11,825) Equity in income (loss) of affiliates 1,648 (464) 1,184 Consolidated net income 12,365 278 12,643 Group share 12,003 270 12,273 Minority interests 362 8 370 TOTAL - Registration Document 2005 183
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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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Allocation of TOTAL share subscript
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TOTAL share subscription and purcha
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Allocation of TOTAL restricted shar
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Elf Aquitaine share subscription op
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TOTAL and its shareholders TOTAL sh
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Four-for-one stock split A proposal
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TOTAL share over the last 18 months
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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
Page 179 and 180: Fair value option In June 2005, the
Page 181 and 182: A. Information by business segment
Page 183: 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 213 and 214: Appendix 1 - Consolidated financial
Page 215 and 216: B. Financial instruments related to
Page 217 and 218: Management of short-term interest r
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Page 221 and 222: 31. Other information A. Research a
Page 223 and 224: The consolidated balance sheet and
Page 225 and 226: Note 32.6: IFRS restatements with a
Page 227 and 228: Fixed assets Component Impairment o
Page 229 and 230: Fixed assets Component Impairment o
Page 231 and 232: 53.2% 95.7% Elf Aquitaine 99.5% 100
Page 233 and 234: 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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