Registration Document 2005 - Total.com

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9 Appendix 1 – Consolidated financial statements Notes to the consolidated financial statements 18. Employee benefits obligations Provisions for employee benefits obligations consist of the following: As of December 31, (in millions of euros) 2005 2004 Pension benefits liabilities 2,524 2,654 Other benefits liabilities 718 666 Restructuring reserves 171 287 Total 3,413 3,607 The fair value of defined benefit obligation and Plan Assets in the consolidated financial statements is detailed as follows: 196 TOTAL - Registration Document 2005 Pension benefits Other pension benefits As of December 31, (in millions of euros) 2005 2004 2005 2004 Change in benefit obligation Benefit obligation at beginning of year 8,117 7,797 675 582 Service cost 168 141 14 10 Interest cost 411 414 36 31 Curtailments - (1) - - Settlements (14) (133) - - Special termination benefits - 10 - - Plan participants’ contributions 15 15 - - Benefits paid (436) (407) (48) (42) Plan amendments 139 76 2 65 Actuarial losses (gains) 1,003 260 57 33 Translation adjustment and other 244 (55) 38 (4) Benefit obligation at year-end 9,647 8,117 774 675 Change in fair value of Plan Assets Fair value of plan assets at beginning of year (5,362) (5,026) - - Actual return on plan assets (720) (455) - - Settlements 12 165 - - Plan participants’ contributions (15) (15) - - Employer contributions (323) (414) - - Benefits paid 337 319 - - Foreign currency translation and other (203) 64 - - Fair value of plan assets at year-end (6,274) (5,362) - - Unfunded status 3,373 2,755 774 675 Unrecognized prior service cost (171) (98) 35 37 Unrecognized actuarial (losses) gains (777) (127) (91) (46) Asset ceiling 5 - - - Net recognized amount 2,430 2,530 718 666 Provision for pension and other pension benefits 2,524 2,654 718 666 Other non-current assets (94) (124) - - The Accumulated benefit obligation for all benefit plans amounted to 8,642 million euros as of December 31, 2005 and 7,435 million euros as of December 31, 2004.
The Group expects to contribute 371 million euros to its pension plans in 2006. Appendix 1 – Consolidated financial statements Notes to the consolidated financial statements 9 ESTIMATED FUTURE PAYMENTS (in millions of euros) Pension benefits Other pension benefits 2006 436 45 2007 434 45 2008 442 46 2009 452 46 2010 468 45 2011-2015 2,615 226 ASSET ALLOCATION Pension benefits As of December 31, (in millions of euros) 2005 2004 Equities 46% 44% Debt securities 48% 50% Monetary 3% 3% Real Estate 3% 3% ASSUMPTIONS USED TO DETERMINE BENEFITS OBLIGATIONS Pension benefits Other pension benefits As of December 31, 2005 2004 2005 2004 Discount rate 4.51% 5.12% 4.56% 5.28% Average expected rate of salary increase Expected rate of healthcare inflation: 3.63% 3.66% - - - Initial rate - - 5.41% 5.70% - Ultimate rate - - 4.00% 4.15% ASSUMPTIONS USED TO DETERMINE THE NET PERIODIC BENEFIT CHARGE (INCOME) As of December 31, Pension benefits Other pension benefits 2005 2004 2005 2004 Discount rate 5.12% 5.41% 5.28% 5.83% Average expected rate of salary increase 3.66% 3.74% - - Expected return on plan assets 6.57% 6.96% - - Expected rate of healthcare inflation: - Initial rate - - 5.70% 6.37% - Ultimate rate - - 4.15% 3.83% TOTAL - Registration Document 2005 197
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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
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• were repurchased under the auth
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These transactions may be carried o
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Shareholders Relationship between T
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The holdings of the principal share
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Shareholders Estimate of capital di
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The above-mentioned French forms ar
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• • • • 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 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: Capital increase reserved for Group
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
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
Page 235 and 236: Changes in liquids reserves Appendi
Page 237 and 238: Changes in liquids and gas reserves
Page 239 and 240: Costs incurred in oil and gas prope
Page 241 and 242: Standardized measure of discounted
Page 243 and 244: Other information Accounting for ex
Page 245 and 246: Appendix 3 - TOTAL S.A. Special aud
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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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