Escolar Documentos
Profissional Documentos
Cultura Documentos
FINANCIal
INFORMATION
Summary consolidated
statements
PAGES
TOTAL IN 2008 / 93
10 financial information
To the shareholders,
In compliance with the assignment entrusted to us by your General Shareholder’s Annual Meeting, we hereby report to you, for the year
ended December 31, 2008, on:
• the audit of the accompanying consolidated financial statements of the company Total S.A.;
• the justification for our assessments;
• the specific verification required by French law.
These consolidated financial statements have been approved by the Board of Directors. Our role is to express an opinion on these
financial statements based on our audit.
3) Specific verification
We have also verified the information given in the group management report as required by French law.
We have no matters to report regarding its fair presentation and its consistency with the consolidated financial statements.
Paris-La Défense, February 27, 2009 Paris-La Défense, February 27, 2009
KPMG AUDIT ERNST & YOUNG AUDIT
A division of KPMG S.A.
René Amirkhanian Jay Nirsimloo Gabriel Galet Philippe Diu
94 / TOTAL IN 2008
Consolidated statement of income
TOTAL IN 2008 / 95
10 financial information
ASSETS
Non-current assets
Intangible assets, net 5,341 4,650
Property, plant and equipment, net 46,142 41,467
Equity affiliates: investments and loans 14,668 15,280
Other investments 1,165 1,291
Hedging instruments of non-current financial debt 892 460
Other non-current assets 3,044 2,155
Total non-current assets 71,252 65,303
Current assets
Inventories, net 9,621 13,851
Accounts receivable, net 15,287 19,129
Other current assets 9,642 8,006
Current financial assets 187 1,264
Cash and cash equivalents 12,321 5,988
Total current assets 47,058 48,238
Total assets 118,310 113,541
LIABILITIES & SHAREHOLDERS’ EQUITY
Shareholders’ equity
Common shares 5,930 5,989
Paid-in surplus and retained earnings 52,947 48,797
Currency translation adjustment (4,876) (4,396)
Treasury shares (5,009) (5,532)
Total shareholders’ equity – Group share 48,992 44,858
Minority interests and subsidiaries’ redeemable preferred shares 958 842
Total shareholders’ equity 49,950 45,700
Non-current liabilities
Deferred income taxes 7,973 7,933
Employee benefits 2,011 2,527
Other non-current liabilities 7,858 6,843
Total non-current liabilities 17,842 17,303
Non-current financial debt 16,191 14,876
Current liabilities
Deferred income taxes 14,815 18,183
Other creditors and accrued liabilities 11,632 12,806
Current borrowings 7,722 4,613
Other current financial liabilities 158 60
Total current liabilities 34,327 35,662
Total liabilities and shareholders’ equity 118,310 113,541
96 / TOTAL IN 2008
Summary consolidated balance sheet for the last five years
ASSETS
Non-current assets 71,252 65,303 62,436 62,391 53,827 52,533
Intangible assets 5,341 4,650 4,705 4,384 3,176 1,908
Property, plant and equipment 46,142 41,467 40,576 40,568 34,906 36,422
Other non-current assets 19,769 19,186 17,155 17,439 15,745 14,203
Current assets 47,058 48,238 42,787 43,753 32,940 31,628
Inventories 9,621 13,851 11,746 12,690 9,264 7,053
Other current assets 37,437 34,387 31,041 31,063 23,676 24,575
Total assets 118,310 113,541 105,223 106,144 86,767 84,161
LIABILITIES
Shareholder’s equity, Group share 48,992 44,858 40,321 40,645 31,608 31,260
Minority interests and preferred shares 958 842 827 838 810 776
Provisions and other non-current liabilities 17,842 17,303 16,379 17,440 16,283 16,112
Non-current financial debt 16,191 14,876 14,174 13,793 11,289 9,734
Current debt 34,327 35,662 33,522 33,428 26,777 26,279
Total liabilities 118,310 113,541 105,223 106,144 86,767 84,161
(a) Data for 2005 and 2004 restated under IFRS, to take account of the spin-off ot the Arkema activities decided at the time of the Shareholder’s Meeting on May 12, 2006
(b) French GAAP
TOTAL IN 2008 / 97