Registration Document 2005 - Total.com

9
Appendix 1 – Consolidated financial statements
Notes to the consolidated financial statements
20. Financial debt and related financial instruments
A. Non-current financial debt and related financial instruments
As of December 31, (in millions of euros) 2005 2004
(ASSETS)/LIABILITIES Secured Unsecured Total Secured Unsecured Total
Non-current financial debt 490 13,303 13,793 466 10,823 11,289
of which hedging instruments of non-current
financial debt (liabilities) (1) - 128 128 - - -
Hedging instruments of non-current financial
debt (Assets) (1) - (477) (477) - (1,516) (1,516)
Non-current financial debt - net of
hedging instruments 490 12,826 13,316 466 9,307 9,773
Debenture loans, net of hedging instruments - 10,703 10,703 - 8,251 8,251
Bank and other, floating rate 105 1,715 1,820 137 772 909
Bank and other, fixed rate 3 408 411 4 284 288
Financial lease obligations 382 - 382 325 - 325
Non-current financial debt - net of
hedging instruments 490 12,826 13,316 466 9,307 9,773
(1) See the description of these hedging instruments (note 1 L (iii) “Long-term financing”).
Fair value of debenture loans, as of December 31, 2005, after taking into account hedged currency and interest rates swaps can be detailed
as follows (as the effect of the Group’s credit risk is not material, it has not been taken into account in the calculation of fair value):
(in millions of euros)
200 TOTAL - Registration Document 2005
Year of
emission
Fair value
after hedging
as of
December 31,
2004
Fair value
after hedging
as of
December 31,
2005 Currency Maturity
Initial rate before
hedging instruments
Parent company
Bond 1995 72 FRF 2005 8.200%
Bond (single coupon) 1995 136 FRF 2005 7.620%
Bond 1995 58 FRF 2005 7.500%
Bond 1996 145 166 FRF 2006 6.900%
Bond 1996 350 404 FRF 2008 6.750%
Bond 1997 73 83 FRF 2007 5.030%
Bond 1997 61 70 ESP 2007 6.800%
Bond 1997 128 146 FRF 2009 6.200%
Bond 1998 28 32 FRF 2008 Pibor 3 months +0.380%
Bond 1998 122 141 FRF 2009 5.125%
Bond 1998 124 142 FRF 2013 5.000%
Bond 1999 239 275 EUR 2006 3.875%
Bond 1999 141 - CHF 2005 3.250%
Bond 2000 93 107 CHF 2006 3.500%
Bond 2000 176 - GBP 2005 6.875%
Bond 2000 167 - EUR 2005 5.375%
Bond 2000 320 - EUR 2005 5.750%
Bond 2000 65 75 EUR 2010 5.650%
Bond 2000 367 - USD 2005 7.000%
Short-term portion (less than one year) (1,433) (548)
Total parent company 1,432 1,093
ELF AQUITAINE SA
Elf Aquitaine SA
Bond 1999 999 998 EUR 2009 4.500%
Short-term portion (less than one year) - -
Total Elf Aquitaine SA 999 998