Registration Document 2005 - Total.com

Statutory auditors’ report on the annual financial statements
(Free translation of a French language original)
For the year ended December 31, 2005
To the Shareholders,
In compliance with the mission entrusted to us by your Shareholders’ Meeting, we hereby submit our report for the year ended
December 31, 2005, on:
• the audit of the annual financial statements of the company TOTAL S.A. as attached to this report;
• the reasons for our assessments;
• the specific verifications and information required by law.
The annual financial statements have been approved by the Board of Directors. It is our responsibility, on the basis of our audit, to express an
opinion on those financial statements.
1. Opinion on the annual financial statements
TOTAL - Registration Document 2005
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We conducted our audit in accordance with the professional standards applicable in France; those standards require that we plan and perform
the audit to obtain reasonable assurance that the financial statements are free of material misstatement. An audit consists of examining, on
a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We
believe that our audit provides a reasonable basis for the opinion expressed below.
We hereby certify that the annual financial statements present fairly, in all material respects, in accordance with French accounting rules and
practices, the results of the transactions for the past year and of the financial position and holdings of the company at the end of that year.
2. justification of assessments
Pursuant to the provisions of Article L. 823-9 of the French Commercial Code governing the justification of our assessments, we are informing
you of the following items:
We assessed the approaches used by your company to value investments in subsidiaries and affiliates as described in Note 1 to the financial
statements, based on the information available to date and performed tests to verify the application of those methods. Within the framework of
our assessments, we verified the reasonable nature of those estimates.
The assessments were made in the context of our audit of the annual financial statements considered as a whole and, therefore, contributed to
our opinion without reservation in the first part of this report.
3. Specific verifications and information
We also performed the specific verifications required by law in accordance with professional standards in France. We have no comment
regarding the fair presentation and consistency of the financial statements with the information provided in the Management Report from the
Board of Directors and in the documents transmitted to the shareholders concerning the financial position and the annual financial statements.
As required by French law, we have ensured that the required information concerning the purchase of investments and controlling interests and
the names of the principal holders of shares and voting rights have been disclosed in the management report.
Paris La Défense, March 15, 2006
Appendix 3 - TOTAL S.A.
Statutory Auditors’ Report on the annual financial statements
The Statutory Auditors
KPMG AUDIT (Département de KPMG S.A.) ERNST & YOUNG AUDIT
René Amirkhanian Gabriel Galet - Philippe Diu
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