Registration Document 2005 - Total.com

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9 Appendix 1 – Consolidated financial statements Notes to the consolidated financial statements D. Non-cash investing activities Cash flow used in investing activities as of December 31, 2004 includes an amount of 276 million euros related to the termination of crossshareholdings agreements with Gaz de France in Gaz du Sud-Ouest (GSO) and Compagnie Française du Méthane (CFM), cashed out on January 3, 2005. 27. Fair value of financial instruments A. Financial instruments not related to commodity contracts The difference between the carrying amount in the balance sheet and the fair value of financial instruments is as follows: ASSETS/(LIABILITIES) 2005 2004 As of December 31, (in millions of euros) Carrying amount Fair Value Carrying amount Fair Value Publicly traded equity securities 469 469 277 277 Other equity securities 1,047 1,047 921 921 Other investments (Note 13) 1,516 1,516 1,198 1,198 Loans and advances (Note 14) 1,202 1,202 912 912 Debenture loans (non-current portion, before swaps) (1) (11,025) (11,025) (9,727) (9,727) Issue swaps and swaps hedging debenture loans (liabilities) (1) (128) (128) - - Issue swaps and swaps hedging debenture loans (assets) (2) 450 450 1,476 1,476 Debenture loans after swaps (non-current portion) (Note 20 A) (10,703) (10,703) (8,251) (8,251) Bank and other loans, before swaps (non-current portion) - floating rate (1) (1,847) (1,847) (949) (962) Non-current currency and interest rate swaps hedging bank loans (2) Bank and other loans, after swaps - floating rate 27 27 40 40 (non current portion) (Note 20 A) (1,820) (1,820) (909) (922) Bank and other loans (non-current portion) - fixed rate (1) (Note 20 A) Financial lease obligations (non-current portion) (411) (406) (288) (274) (1) (Notes 20 A and 22) (382) (382) (325) (325) Debenture loans (current portion, before swaps) (624) (624) (1,433) (1,433) Bank and other loans (except financial lease obligations) (current portion) (334) (333) (766) (766) Financial lease obligations (current portion) (Note 22) Issue swaps and swaps hedging debenture loans (fixed rate) (34) (34) (30) (30) (current portion) (assets) Issue swaps and swaps hedging debenture loans (fixed rate) 44 44 440 440 (current portion) (liabilities) Current portion of non non-current financial debt (Note 20 B) (6) (6) - - after swaps (954) (953) (1,789) (1,789) Other interest rates swaps - assets 7 7 20 20 Currency swaps and forward exchange contracts - assets (3) 283 283 17 17 Current financial instruments held for trading- assets (Note 20 B) 290 290 37 37 Other interest rates swaps - liabilities (4) (4) (9) (9) Currency swaps and forward exchange contracts - liabilities (3) (23) (23) (334) (334) Current financial instruments held for trading - liabilities (Note 20 B) (27) (27) (343) (343) Total (11,289) (11,283) (9,758) (9,757) Total of fair value not recognized in the balance sheet 6 1 (1) Included in “Non-current financial debt” in note 20 A to the consolidated financial statements. (2) Included in “hedging instruments of non-current financial debt” in note 20 A to the consolidated financial statements. (3) Currency swaps are used to manage TOTAL’s current position to be able to borrow or to invest on markets other than the euro market. Therefore their market values, when significant, are compensated by the value of the current financial loans and debts to which they relate. 210 TOTAL - Registration Document 2005
Appendix 1 – Consolidated financial statements Notes to the consolidated financial statements 9 The classification by strategy and the notional amount of the derivative instruments included in the table above is as follows: As of December 31, 2005 (in millions of euros) Notional amount (1) ASSETS/(LIABILITIES) Fair Value Total 2006 2007 2008 2009 2010 2011 and after Financial instruments hedging non-current financial debt Issue swaps and swap hedging debenture issues - non-current (liabilities) (128) 4,387 Issue swaps and swap hedging debenture issues - non-current (assets) 450 6,166 Issue swaps and swap hedging debenture issues - non-current 322 10,553 1,854 1,960 2,137 1,782 2,820 Non-current currency and interest rate swaps hedging bank loans 27 76 76 Issue swaps and swap hedging debenture issues - less than one year (liabilities) (6) 167 Issue swaps and swap hedging debenture issues - less than one year (assets) 44 381 Issue swaps and swap hedging debenture issues - less than one year 38 548 548 Financial instruments hedging net investment N/A Financial instruments held for trading Other interest rate swaps - assets 7 4,960 Other interest rate swaps - liabilities (4) 9,022 Other swaps assets and liabilities 3 13,982 13,976 5 1 Currency swaps and forward exchange contracts - assets 283 8,579 Currency swaps and forward exchange contracts - liabilities (23) 2,372 Currency swaps and forward exchange contracts - assets and liabilities 260 10,951 10,542 77 44 88 16 184 (1) These amounts set the levels of notional involvement and are not indicative of a contingent gain or loss. TOTAL - Registration Document 2005 211
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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
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2006 Calendar February 15 Results f
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Financial information Historical fi
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Additional information Financial in
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General information Share capital p
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• Authority to grant restricted e
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Potential capital as of December 31
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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
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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: 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
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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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Page 249 and 250: Summary balance sheet at December 3
Page 251 and 252: Other five-year financial data TOTA
Page 253 and 254: Employment and environmental inform
Page 255 and 256: 4) Compensation TOTAL - Registratio
Page 257 and 258: Environment Pursuant to French Law
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TOTAL S.A. Registered Offi ce: 2, p
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