CONSOLIDATED STATEMENT OF INCOME - Total.com

3 rd quarter 2011
(M€)
Upstream
Refining
Chemicals
Supply
Marketing
Corporate Intercompany Total
Non-Group sales 4,770 19,267 22,124 2 - 46,163
Intersegment sales 6,571 11,190 218 45 (18,024) -
Excise taxes - (502) (4,136) - - (4,638)
Revenues from sales 11,341 29,955 18,206 47 (18,024) 41,525
Operating expenses (4,904) (29,539) (17,766) (136) 18,024 (34,321)
Depreciation, depletion and amortization of tangible assets and mineral interests (1,262) (473) (129) (9) - (1,873)
Operating income 5,175 (57) 311 (98) - 5,331
Equity in net income (loss) of affiliates and other items 974 496 118 24 - 1,612
Tax on net operating income (3,420) 9 (93) 41 - (3,463)
Net operating income 2,729 448 336 (33) - 3,480
Net cost of net debt (133)
Non-controlling interests (33)
Net income 3,314
3 rd quarter 2011 (adjustments) (a)
(M€)
Upstream
Refining
Chemicals
Supply
Marketing
Corporate Intercompany Total
Non-Group sales (14) - - - - (14)
Intersegment sales - - - - - -
Excise taxes - - - - - -
Revenues from sales (14) - - - - (14)
Operating expenses - (191) (1) - - (192)
Depreciation, depletion and amortization of tangible assets and mineral interests (75) (171) - - - (246)
Operating income (b)
(89) (362) (1) - - (452)
Equity in net income (loss) of affiliates and other items 554 410 148 15 - 1,127
Tax on net operating income (124) 33 (6) (71) - (168)
Net operating income (b)
341 81 141 (56) - 507
Net cost of net debt -
Non-controlling interests 6
Net income 513
(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.
(b)
Of which inventory valuation effect
On operating income - (121) 9 -
On net operating income - (93) 3 -
(c) Of which equity share of adjustments related to Sanofi - - - -
3 rd quarter 2011 (adjusted)
(M€) (a)
Upstream
Refining
Chemicals
Supply
Marketing
Corporate Intercompany Total
Non-Group sales 4,784 19,267 22,124 2 - 46,177
Intersegment sales 6,571 11,190 218 45 (18,024) -
Excise taxes - (502) (4,136) - - (4,638)
Revenues from sales 11,355 29,955 18,206 47 (18,024) 41,539
Operating expenses (4,904) (29,348) (17,765) (136) 18,024 (34,129)
Depreciation, depletion and amortization of tangible assets and mineral interests (1,187) (302) (129) (9) - (1,627)
Adjusted operating income 5,264 305 312 (98) - 5,783
Equity in net income (loss) of affiliates and other items 420 86 (30) 9 - 485
Tax on net operating income (3,296) (24) (87) 112 - (3,295)
Adjusted net operating income 2,388 367 195 23 - 2,973
Net cost of net debt (133)
Non-controlling interests (39)
Ajusted net income 2,801
Adjusted fully-diluted earnings per share (€) 1.24
(a) Except for per share amounts.
3 rd quarter 2011
(M€)
Upstream
Refining
Chemicals
Supply
Marketing
Corporate Intercompany Total
Total expenditures 3,426 423 48 24 - 3,921
Total divestments 936 2,422 1,380 344 - 5,082
Cash flow from operating activities 4,042 * 1,557 516 (151) * - 5,964
* Reclassification of intercompany transactions between Upstream and Corporate for €823 million with no impact on the total of cash flow from operating activities
Annexe EV - 201209 Conseil d'Administration.docx Page 17 11/2/2012