Registration Document 2005 - Total.com

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10 Appendix 2 - Supplemental oil and gas information (unaudited) Financial review Changes in the standardized measure of discounted future net cash flows For the year ended December 31, (in millions of euros) 2005 2004 2003 Beginning of the year 28,837 29,118 37,230 Sales and transfers, net of production costs and other expenses (17,104) (12,791) (14,870) Net change in sales and transfer prices, net of production costs and other expenses 52,711 12,919 (13,453) Extensions, discoveries and improved recovery, net of future production and development costs 1,126 974 1,997 Changes in estimated future development costs (1,106) (1,215) 832 Previously estimated development costs incurred during the year 5,333 3,790 3,987 Revisions of previous quantity estimates 6,313 (2,684) (1,109) Accretion of discount at 10% 2,444 2,912 3,723 Net change in income taxes (28,943) (4,255) 10,778 Purchases of reserves in place 41 292 190 Sales of reserves in place (258) (223) (187) End of year 49,394 28,837 29,118 240 TOTAL - Registration Document 2005
Other information Accounting for exploratory drilling costs In April 2005, the FASB issued a FASB Staff Position FSP FAS 19-1, “Accounting for suspended well costs” to amend FAS No. 19 “Financial Accounting and Reporting by Oil and Gas Producing Companies”. The FSP is compatible with the IFRS accounting principles applied by TOTAL. The FSP provides for continued capitalization of exploratory drilling costs past one year if a company is making sufficient progress on assessing the reserves and the economic and operating viability of the project. The FSP also provides certain disclosure requirements with respect to capitalized exploratory drilling costs. As of January 1, 2005, TOTAL adopted FASB Staff Position FAS 19-1, “Accounting for Suspended Well Costs”. There were no capitalized exploratory well costs charged to expense upon the adoption of FSP 19-1. When a discovery is made, exploratory drilling costs continue to be capitalized pending determination of whether potentially economic oil and gas reserves have been discovered by the drilling effort. The length of time necessary for this determination depends on the specific technical or economic difficulties in assessing the recoverability of the reserves. If a determination is made that the well did not encounter oil and gas in economically viable quantities, the well costs are expensed and are reported in exploration expense. Exploratory drilling costs are temporarily capitalized pending determination of whether the well has found proved reserves if both of the following conditions are met: Capitalized exploratory costs Appendix 2 - Supplemental oil and gas information (unaudited) Other information The following table sets forth the net changes in capitalized exploratory costs for 2005, 2004 and 2003: Amounts (in millions of euros) 2005 2004 2003 Beginning Balance 430 422 579 Additions pending determination of proved reserves 192 269 263 Amounts previously capitalized and expensed during the year (65) (40) (16) Amounts transferred to development (22) (196) (333) Foreign exchange changes 55 (25) (71) Ending balance 590 430 422 • • the well has found a sufficient quantity of reserves to justify, if appropriate, its completion as a producing well, assuming that the required capital expenditure is made; and TOTAL - Registration Document 2005 10 satisfactory progress toward ultimate development of the reserves is being achieved, with the Company making sufficient progress assessing the reserves as well as the economic and operating viability of the project. The Company evaluates the progress made on the basis of regular project reviews which take into account the following factors: • First, if additional exploratory drilling or other exploratory activities (such as seismic work or other significant studies) are either underway or firmly planned, the Company deems there to be satisfactory progress. For these purposes, exploratory activities are considered firmly planned only if they are included in the Company’s three-year exploration plan/budget. At December 31, 2005, the Company had capitalized 219 M€ of exploratory drilling costs on this basis, as further set forth below. • In cases where exploratory activity has been completed, the evaluation of satisfactory progress takes into account indicators such as the fact that costs for development studies are incurred in the current period, or that governmental or other third-party authorizations are pending or that the availability of capacity on an existing transport or processing facility awaits confirmation. At December 31, 2005, exploratory drilling costs capitalized on this basis amounted to 108 M€ and mainly related to four projects, as further described below. 241
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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
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Shareholders’ Meetings Notices of
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Documents on display The documents
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Statutory auditors’ report on the
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Consolidated statement of income TO
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Consolidated statement of cash flow
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Notes to the consolidated financial
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The cost of employee-reserved capit
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K. Impairment of long-lived assets
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Crude oil costs include raw materia
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Fair value option In June 2005, the
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A. Information by business segment
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Appendix 1 - Consolidated financial
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Appendix 1 - Consolidated financial
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C. Adjusting items by business segm
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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
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Page 213 and 214: Appendix 1 - Consolidated financial
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Page 221 and 222: 31. Other information A. Research a
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Page 225 and 226: Note 32.6: IFRS restatements with a
Page 227 and 228: Fixed assets Component Impairment o
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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: Standardized measure of discounted
Page 245 and 246: Appendix 3 - TOTAL S.A. Special aud
Page 247 and 248: Statutory auditors’ report on the
Page 249 and 250: Summary balance sheet at December 3
Page 251 and 252: Other five-year financial data TOTA
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Page 255 and 256: 4) Compensation TOTAL - Registratio
Page 257 and 258: Environment Pursuant to French Law
Page 259 and 260: Five-year consolidated financial in
Page 261 and 262: 10. CAPITAL RESOURCES 10.1. Informa
Page 264: TOTAL S.A. Registered Offi ce: 2, p
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Registration Document 2005 - Total.com

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