Registration Document 2005 - Total.com

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1 2 3 4 5 6 Content Key figures p. 3 Selected financial information p. 3 Operating and market data p. 4 Business overview p. 9 History and strategy of TOTAL p. 10 Upstream p. 11 Exploration & Production p. 13 Interests in pipelines p. 34 Gas & Power p. 35 Downstream p. 40 Refining & Marketing p. 41 Trading & Shipping p. 46 Chemicals p. 48 Base Chemicals p. 49 Specialties p. 51 Arkema p. 52 Other activities p. 55 Investments p. 56 Organizational structure p. 57 Property, Plant and Equipment p. 57 Organization chart as of March, 14, 2006 p. 58 Management Report of the Board of Directors p. 61 Summary of results and financial position p. 62 Liquidity and capital resources p. 71 Research and development p. 73 Trends and outlook p. 74 Risk factors p. 75 Market risks p. 76 Legal risks p. 80 Industrial and environmental risks p. 84 Other specific risks p. 86 Insurance and risk management p. 89 Corporate governance p. 91 Board of Directors p. 92 Management p. 100 Statutory auditors p. 101 Compensation of the Board of Directors and Executive Officers p. 102 Report of the Chairman of the Board of Directors (Article L. 225-37 of the French Commercial Code) p. 105 Statutory auditor’s report (Article L. 225-235 of the French Commercial Code) p. 112 Headcount, Employee shareholdings, Stock options and restricted share grants p. 113 TOTAL and its shareholders p. 123 TOTAL shares p. 124 Dividends p. 128 Share buyback p. 130 Shareholders p. 135 Information for overseas shareholders p. 140 Communication with shareholders p. 142 7 8 9 10 11 Financial information p. 147 Historical financial information p. 148 Audit of the historical financial information p. 148 Additional information p. 149 Dividend policy p. 149 Legal and arbitration proceedings p. 149 Significant changes p. 149 General information p. 151 Share capital p. 152 Articles of incorporation and bylaws; Other Information p. 157 Other information p. 160 Documents on display p. 161 Information on holdings p. 162 Appendix 1 - Consolidated financial statements p. 163 Statutory auditors’ report on the consolidated financial statements p. 164 Consolidated statement of income p. 165 Consolidated balance sheet p. 166 Consolidated statement of cash flows p. 167 Consolidated statement of changes in shareholders’ equity p. 168 Notes to the consolidated financial statements p. 169 Appendix 2 - Supplemental oil and gas information (unaudited) p. 231 Oil and gas reserves p. 232 Financial review p. 236 Other information p. 241 Appendix 3 - TOTAL S.A. p. 243 Special auditors’ report on regulated agreements p. 244 Statutory auditors’ report on the annual financial statements p. 245 Parent company financial information p. 246 Employment and environmental information p. 251 Five-year consolidated financial information p. 257 European Cross Reference List p. 258
Registration Document 2005 This is a free translation into English of the Chairman’s certification issued in French and is provided solely for the convenience of English-speaking readers. “I certify that, to the best of my knowledge, the information contained in this document de référence (Registration Document) is accurate and does not omit any material fact. I have received a letter from the statutory auditors confirming that they have completed the work they undertook to verify the information related to the financial situation and the financial statements included in this document de référence as well as a review of the document in its entirety. The statutory auditors have issued reports on the historical financial information appearing in this document de référence, which are included on pages 164 and 245 of this document.” The French language version of this Registration Document was filed with the French Financial Markets Authority on March 31, 2006 pursuant to Article 212-13 of the general regulations of the Financial Markets Authority. It may be used in connection with a financial operation if completed by a prospectus for the operation and a summary, each of which has received the visa of the Financial Markets Authority. TOTAL - Registration Document 2005 Thierry Desmarest Chairman of the Board 1
Page 1: Registration Document 2005
Page 5 and 6: Key figures Selected financial info
Page 7 and 8: 104,652 2003 French GAAP Sales (M
Page 9 and 10: DOWNSTREAM Refined product sales (k
Page 11 and 12: Business overview History and strat
Page 13 and 14: Upstream TOTAL’s Upstream segment
Page 15 and 16: Exploration & Production Exploratio
Page 17 and 18: Production TOTAL’s average daily
Page 19 and 20: Presentation of production activiti
Page 21 and 22: Europe Year of entry into the count
Page 23 and 24: Africa TOTAL has been present in Af
Page 25 and 26: Libya The Group’s share of produc
Page 27 and 28: North America The Group’s presenc
Page 29 and 30: On the Yucal Placer field, the init
Page 31 and 32: Commonwealth of Independent States
Page 33 and 34: The Netherlands TOTAL is the second
Page 35 and 36: Kuwait Since 1997, the Group has pr
Page 37 and 38: Gas & Power The Gas & Power sector
Page 39 and 40: Middle East In Qatar, negotiations
Page 41 and 42: TOTAL is pursuing decentralized rur
Page 43 and 44: Refining & Marketing On December 31
Page 45 and 46: Marketing The Group is one of the l
Page 47 and 48: the provinces of Shanghai, Jiangsu
Page 49 and 50: All of TOTAL’s trading activities
Page 51 and 52: Base Chemicals TOTAL’s Base Chemi
Page 53 and 54:
Specialties TOTAL’s Specialties s
Page 55 and 56:
trademarks. It is present on three
Page 57 and 58:
Other activities E-Commerce In 2005
Page 59 and 60:
Organizational structure Position o
Page 61 and 62:
Executive Committee Trading & Shipp
Page 63 and 64:
Management Report of the Board of D
Page 65 and 66:
Market environment Management Repor
Page 67 and 68:
Upstream results (in millions of eu
Page 69 and 70:
Downstream results (in millions of
Page 71 and 72:
Adoption of IFRS rules The principa
Page 73 and 74:
Liquidity and capital resources Lon
Page 75 and 76:
Research and development Research a
Page 77 and 78:
Risk factors Market risks p. 76 •
Page 79 and 80:
Financial markets related risks Wit
Page 81 and 82:
The non-current debt in dollars des
Page 83 and 84:
Grande Paroisse An explosion occurr
Page 85 and 86:
Myanmar Under the Belgian “univer
Page 87 and 88:
Risk management Risk evaluations le
Page 89 and 90:
ILSA - Other US regulations In 2001
Page 91 and 92:
Insurance and risk management Organ
Page 93 and 94:
Corporate governance Board of Direc
Page 95 and 96:
Anne Lauvergeon 46 years old. Indep
Page 97 and 98:
Additional information required und
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Statutory auditors Statutory audito
Page 105 and 106:
Executive Officers’ Compensation
Page 107 and 108:
Report of the Chairman of the Board
Page 109 and 110:
july 19: • estimated earnings for
Page 111 and 112:
Nominating & Compensation Committee
Page 113 and 114:
The hydrocarbon reserves are review
Page 115 and 116:
Headcount, Employee shareholdings,
Page 117 and 118:
Allocation of TOTAL share subscript
Page 119 and 120:
TOTAL share subscription and purcha
Page 121 and 122:
Allocation of TOTAL restricted shar
Page 123 and 124:
Elf Aquitaine share subscription op
Page 125 and 126:
TOTAL and its shareholders TOTAL sh
Page 127 and 128:
Four-for-one stock split A proposal
Page 129 and 130:
TOTAL share over the last 18 months
Page 131 and 132:
Dividend payment on Stock Certifica
Page 133 and 134:
• were repurchased under the auth
Page 135 and 136:
These transactions may be carried o
Page 137 and 138:
Shareholders Relationship between T
Page 139 and 140:
The holdings of the principal share
Page 141 and 142:
Shareholders Estimate of capital di
Page 143 and 144:
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 185 and 186:
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
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23. Commitments and contingencies A
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B. TOTAL share purchase plan Append
Page 211 and 212:
25. Payroll and staff Appendix 1 -
Page 213 and 214:
Page 215 and 216:
B. Financial instruments related to
Page 217 and 218:
Management of short-term interest r
Page 219 and 220:
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
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Fixed assets Component Impairment o
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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
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
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
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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