Total Financial Statements

  Total Financial Statements                    Consolidated accounts in US Dollars, IFRS                  2011, 2012 and 2013 annual and 2013 quarters  Business Wire  PARIS -- April 15, 2014  Regulatory News :  Total (Paris:FP) (LSE:TTA) (NYSE:TOT) :  CONSOLIDATED STATEMENT OF INCOME  TOTAL  (unaudited)  For the year ended December 31,                                             2013       2012       2011 (M$) ^(a) Sales                                       251,725    257,037    257,084 Excise taxes                                 (23,756)    (22,821)    (25,254) Revenues from sales                          227,969     234,216     231,830 Purchases, net of inventory variation        (160,849)   (162,908)   (158,533) Other operating expenses                     (28,764)    (29,273)    (27,549) Exploration costs                            (2,169)     (1,857)     (1,418) Depreciation, depletion and amortization     (11,994)    (12,237)    (10,448) of tangible assets and mineral interests Other income                                 2,290       1,897       2,975 Other expense                                (2,800)     (1,178)     (1,738) Financial interest on debt                   (889)       (863)       (992) Financial income from marketable             85          128         380 securities & cash equivalents Cost of net debt                             (804)       (735)       (612) Other financial income                       696         717         848 Other financial expense                      (702)       (641)       (597) Equity in net income (loss) of affiliates    3,415       2,582       2,680 Income taxes                                (14,767)   (16,747)   (19,614) Consolidated net income                     11,521     13,836     17,824 Group share                                  11,228      13,648      17,400 Non-controlling interests                   293        188        424 Earnings per share ($)                      4.96       6.05       7.74 Fully-diluted earnings per share ($)        4.94       6.02       7.71 ^(a) Except for per share amounts.  CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME  TOTAL  (unaudited)  For the year ended December 31,                                                   2013     2012     2011 (M$) Consolidated net income                           11,521   13,836   17,824 Other comprehensive income                                                                                                                  Actuarial gains and losses                         682       (1,171)   (742) Tax effect                                         (287)     465       266 Currency translation adjustment generated by the  3,129    1,324    (2,347) mother company Items not potentially reclassifiable to profit    3,524    618      (2,823) and loss Currency translation adjustment                    (1,925)   (397)     993 Available for sale financial assets                33        (435)     469 Cash flow hedge                                    156       83        (117) Share of other comprehensive income of equity      (805)     249       (203) affiliates, net amount Other                                              (12)      (18)      (10) Tax effect                                        (62)     82       (77) Items potentially reclassifiable to profit and    (2,615)  (436)    1,055 loss Total other comprehensive income (net amount)     909      182      (1,768)                                                                   Comprehensive income                              12,430   14,018   16,056 - Group share                                      12,193    13,848    15,682 - Non-controlling interests                        237       170       374  CONSOLIDATED BALANCE SHEET  TOTAL  (unaudited)  As of December 31,                                                   2013     2012     2011 (M$) ASSETS                                                              Non-current assets Intangible assets, net                             18,395    16,965    16,062 Property, plant and equipment, net                 104,480   91,477    83,400 Equity affiliates : investments and loans          20,417    18,153    16,814 Other investments                                  1,666     1,571     4,755 Hedging instruments of non-current financial       1,418     2,145     2,557 debt Deferred income taxes                              3,838     2,982     2,653 Other non-current assets                          4,406    3,513    3,179 Total non-current assets                          154,620  136,806  129,420 Current assets Inventories, net                                   22,097    22,954    23,447 Accounts receivable, net                           23,422    25,339    25,941 Other current assets                               14,892    13,307    13,932 Current financial assets                           739       2,061     906 Cash and cash equivalents                          20,200    20,409    18,147 Assets classified as held for sale                3,253    5,010    - Total current assets                              84,603   89,080   82,373 Total assets                                       239,223   225,886   211,793                                                                         LIABILITIES & SHAREHOLDERS' EQUITY                                                                         Shareholders' equity Common shares                                      7,493     7,454     7,447 Paid-in surplus and retained earnings              98,254    92,485    86,461 Currency translation adjustment                    (1,203)   (1,696)   (2,884) Treasury shares                                   (4,303)  (4,274)  (4,357) Total shareholders' equity - Group Share          100,241  93,969   86,667 Non-controlling interests                         3,138    1,689    1,749 Total shareholders' equity                        103,379  95,658   88,416 Non-current liabilities Deferred income taxes                              17,850    16,006    15,340 Employee benefits                                  4,235     4,939     4,380 Provisions and other non-current liabilities       17,517    15,285    14,114 Non-current financial debt                        34,574   29,392   29,186 Total non-current liabilities                     74,176   65,622   63,020 Current liabilities Accounts payable                                   30,282    28,563    28,577 Other creditors and accrued liabilities            18,948    19,316    19,045 Current borrowings                                 11,193    14,535    12,519 Other current financial liabilities                381       232       216 Liabilities directly associated with the assets   864      1,960    - classified as held for sale Total current liabilities                         61,668   64,606   60,357 Total liabilities and shareholders' equity         239,223   225,886   211,793  CONSOLIDATED STATEMENT OF CASH FLOW  TOTAL  (unaudited)  For the year ended December 31,                                                2013      2012      2011 (M$)                                                                    CASH FLOW FROM OPERATING ACTIVITIES                                                                        Consolidated net income                         11,521     13,836     17,824 Depreciation, depletion and amortization        13,358     13,466     12,010 Non-current liabilities, valuation allowances   1,567      1,889      2,272 and deferred taxes Impact of coverage of pension benefit plans     -          (465)      - (Gains) losses on disposals of assets           (80)       (1,715)    (2,479) Undistributed affiliates' equity earnings       (775)      272        (149) (Increase) decrease in working capital          2,525      1,392      (2,421) Other changes, net                             397       183       136 Cash flow from operating activities             28,513     28,858     27,193                                                                        CASH FLOW USED IN INVESTING ACTIVITIES                                                                        Intangible assets and property, plant and       (29,748)   (25,574)   (24,986) equipment additions Acquisitions of subsidiaries, net of cash       (21)       (245)      (1,189) acquired Investments in equity affiliates and other      (1,756)    (1,152)    (6,299) securities Increase in non-current loans                  (2,906)   (2,504)   (1,687) Total expenditures                              (34,431)   (29,475)   (34,161) Proceeds from disposals of intangible assets    1,766      1,822      2,003 and property, plant and equipment Proceeds from disposals of subsidiaries, net    2,654      452        800 of cash sold Proceeds from disposals of non-current          330        3,618      7,922 investments Repayment of non-current loans                 1,649     1,651     1,215 Total divestments                              6,399     7,543     11,940 Cash flow used in investing activities          (28,032)   (21,932)   (22,221)                                                                        CASH FLOW USED IN FINANCING ACTIVITIES                                                                        Issuance (repayment) of shares: - Parent company shareholders                   485        41         670 - Treasury shares                               (238)      (88)       - Dividends paid: - Parent company shareholders                   (7,128)    (6,660)    (7,155) - Non-controlling interests                     (156)      (133)      (239) Other transactions with non-controlling         2,153      -          (798) interests Net issuance (repayment) of non-current debt    11,102     6,780      5,664 Increase (decrease) in current borrowings       (9,037)    (3,540)    (5,387) Increase (decrease) in current financial        1,298      (1,217)    1,247 assets and liabilities Cash flow used in financing activities         (1,521)   (4,817)   (5,998) Net increase (decrease) in cash and cash        (1,040)    2,109      (1,026) equivalents Effect of exchange rates                        831        153        (187) Cash and cash equivalents at the beginning of  20,409    18,147    19,360 the period Cash and cash equivalents at the end of the    20,200    20,409    18,147 period  Consolidated statement of changes in shareholders’ equity  TOTAL  (unaudited)                                             Paid-in                                            Shareholders'                                            surplus    Currency                                equity -        Non-controlling   Total                  Common shares issued    and       translation  Treasury shares                         interests        shareholders'                                            retained   adjustment                              Group Share                       equity                                            earnings (M$)             Number         Amount                       Number         Amount                                  As of January    2,349,640,931  7,398   78,165    (1,291)      (112,487,679)  (4,524)  79,748         1,144            80,892 1, 2011 Net income 2011   -              -        17,400     -             -              -         17,400          424               17,824 Other comprehensive     -               -        (153)      (1,565)       -               -         (1,718)         (50)              (1,768) income Comprehensive     -               -        17,247     (1,565)       -               -         15,682          374               16,056 Income Dividend          -               -        (8,988)    -             -               -         (8,988)         (239)             (9,227) Issuance of       14,126,382      49       621        -             -               -         670             -                 670 common shares Purchase of       -               -        -          -             -               -         -               -                 - treasury shares Sale of treasury          -               -        (167)      -             2,933,506       167       -               -                 - shares^(a) Share-based       -               -        224        -             -               -         224             -                 224 payments Share             -               -        -          -             -               -         -               -                 - cancellation Other operations with   -               -        (609)      (28)          -               -         (637)           (161)             (798) non-controlling interests Other items      -              -       (32)      -            -              -        (32)           631              599 As of December   2,363,767,313  7,447   86,461    (2,884)      (109,554,173)  (4,357)  86,667         1,749            88,416 31, 2011 Net income 2012   -               -        13,648     -             -               -         13,648          188               13,836 Other comprehensive     -               -        (987)      1,187         -               -         200             (18)              182 income Comprehensive     -               -        12,661     1,187         -               -         13,848          170               14,018 Income Dividend          -               -        (6,728)    -             -               -         (6,728)         (133)             (6,861) Issuance of       2,165,833       7        34         -             -               -         41              -                 41 common shares Purchase of       -               -        -          -             (1,800,000)     (88)      (88)            -                 (88) treasury shares Sale of treasury          -               -        (171)      -             2,962,534       171       -               -                 - shares^(a) Share-based       -               -        188        -             -               -         188             -                 188 payments Share             -               -        -          -             -               -         -               -                 - cancellation Other operations with   -               -        20         1             -               -         21              (21)              - non-controlling interests Other items      -              -       20        -            -              -        20             (76)             (56) As of December   2,365,933,146  7,454   92,485    (1,696)      (108,391,639)  (4,274)  93,969         1,689            95,658 31, 2012 Net income 2013   -               -        11,228     -             -               -         11,228          293               11,521 Other comprehensive     -               -        473        492           -               -         965             (56)              909 income Comprehensive     -               -        11,701     492           -               -         12,193          237               12,430 Income Dividend          -               -        (7,116)    -             -               -         (7,116)         (156)             (7,272) Issuance of       11,745,014      39       446        -             -               -         485             -                 485 common shares Purchase of       -               -        -          -             (4,414,200)     (238)     (238)           -                 (238) treasury shares Sale of treasury          -               -        (209)      -             3,591,391       209       -               -                 - shares^(a) Share-based       -               -        189        -             -               -         189             -                 189 payments Share             -               -        -          -             -               -         -               -                 - cancellation Other operations with   -               -        749        1             -               -         750             1,355             2,105 non-controlling interests Other items      -              -       9         -            -              -        9              13               22 As of December   2,377,678,160  7,493   98,254    (1,203)      (109,214,448)  (4,303)  100,241        3,138            103,379 31, 2013  BUSINESS SEGMENT INFORMATION  TOTAL  (unaudited)  For the year ended December               Refining    Marketing 31, 2013         Upstream  &          &          Corporate  Intercompany  Total                              Chemicals   Services (M$) Non-Group sales  26,367    114,483    110,873    2          -             251,725 Intersegment      37,650     52,275      2,159       177         (92,261)       - sales Excise taxes     -         (4,814)    (18,942)   -          -             (23,756) Revenues from     64,017     161,944     94,090      179         (92,261)       227,969 sales Operating         (31,875)   (160,031)   (91,343)    (794)       92,261         (191,782) expenses Depreciation, depletion and amortization of  (9,484)   (1,736)    (733)      (41)       -             (11,994) tangible assets and mineral interests Operating         22,658     177         2,014       (656)       -              24,193 income Equity in net income (loss)     2,688      181         55          (25)        -              2,899 of affiliates and other items Tax on net operating        (13,706)  (612)      (560)      (29)       -             (14,907) income Net operating     11,640     (254)       1,509       (710)       -              12,185 income Net cost of net                                                                 (664) debt Non-controlling                                                      (293) interests Net income                                                                      11,228                                                                      For the year ended December 31, 2013                     Refining    Marketing (adjustments)    Upstream  &          &          Corporate  Intercompany  Total ^(a)                         Chemicals   Services  (M$) Non-Group sales   (74)       -           -           -           -              (74) Intersegment      -          -           -           -           -              - sales Excise taxes     -         -          -          -          -             - Revenues from     (74)       -           -           -           -              (74) sales Operating         (113)      (1,405)     (134)       -           -              (1,652) expenses Depreciation, depletion and amortization of  (855)     (184)      (4)        -          -             (1,043) tangible assets and mineral interests Operating         (1,042)    (1,589)     (138)       -           -              (2,769) income ^ (b) Equity in net income (loss)     (305)      (268)       4           (34)        -              (603) of affiliates and other items Tax on net operating        537       (254)      89         (45)       -             327 income Net operating     (810)      (2,111)     (45)        (79)        -              (3,045) income ^ (b) Net cost of net                                                                 - debt Non-controlling                                                      (19) interests Net income                                                                      (3,064) ^(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.    ^(b) Of which inventory valuation effect On operating      -          (978)       (87)        - income On net operating         -          (656)       (63)        - income                 -         -          -          -                        For the year ended December               Refining    Marketing 31, 2013         Upstream  &          &          Corporate  Intercompany  Total (adjusted)                   Chemicals   Services  (M$) ^(a) Non-Group sales   26,441     114,483     110,873     2           -              251,799 Intersegment      37,650     52,275      2,159       177         (92,261)       - sales Excise taxes     -         (4,814)    (18,942)   -          -             (23,756) Revenues from     64,091     161,944     94,090      179         (92,261)       228,043 sales Operating         (31,762)   (158,626)   (91,209)    (794)       92,261         (190,130) expenses Depreciation, depletion and amortization of  (8,629)   (1,552)    (729)      (41)       -             (10,951) tangible assets and mineral interests Adjusted operating         23,700     1,766       2,152       (656)       -              26,962 income Equity in net income (loss)     2,993      449         51          9           -              3,502 of affiliates and other items Tax on net operating        (14,243)  (358)      (649)      16         -             (15,234) income Adjusted net operating         12,450     1,857       1,554       (631)       -              15,230 income Net cost of net                                                                 (664) debt Non-controlling                                                      (274) interests Adjusted net                                                         14,292 income Adjusted fully-diluted                                                        6.29 earnings per share ($) (a) Except for earnings per share.                                                                      For the year ended December               Refining    Marketing 31, 2013         Upstream  &          &          Corporate  Intercompany  Total                              Chemicals   Services (M$) Total             29,750     2,708       1,814       159         -              34,431 expenditures Total             5,786      365         186         62          -              6,399 divestments Cash flow from operating        21,857    4,260      2,557      (161)      -             28,513 activities Balance sheet as of December 31, 2013 Property, plant and equipment,    103,667    12,407      6,441       360         -              122,875 intangible assets, net Investments & loans in equity   15,862     3,542       1,013       -           -              20,417 affiliates Other non-current       5,691      1,427       2,014       778         -              9,910 assets Working capital   (327)      10,458      3,779       (2,729)     -              11,181 Provisions and other             (31,574)   (4,437)     (2,303)     (1,288)     -              (39,602) non-current liabilities Assets and liabilities       2,210      -           -           -           -              2,210 classified as held for sale Capital Employed          95,529     23,397      10,944      (2,879)     -              126,991 (balance sheet) Less inventory valuation         -          (3,645)     (893)       (2)         -              (4,540) effect Capital Employed (Business         95,529     19,752      10,051      (2,881)     -              122,451 segment information) ROACE as a       14%       9%         16%        -          -             13% percentage ^(1)                                                                                  (1) ROACE (Return on Average Capital Employed): Ratio of adjusted net operating income to average capital employed between the beginning and the end of the period.  BUSINESS SEGMENT INFORMATION  TOTAL  (unaudited)  For the year ended December               Refining    Marketing 31, 2012         Upstream  &          &          Corporate  Intercompany  Total                              Chemicals   Services (M$) Non-Group sales  28,449    117,067    111,281    240        -             257,037 Intersegment      40,498     57,134      970         256         (98,858)       - sales Excise taxes     -         (4,616)    (18,205)   -          -             (22,821) Revenues from     68,947     169,585     94,046      496         (98,858)       234,216 sales Operating         (33,361)   (166,379)   (91,907)    (1,249)     98,858         (194,038) expenses Depreciation, depletion and amortization of  (9,555)   (1,856)    (780)      (46)       -             (12,237) tangible assets and mineral interests Operating         26,031     1,350       1,359       (799)       -              27,941 income Equity in net income (loss)     3,005      271         (252)       353         -              3,377 of affiliates and other items Tax on net operating        (15,879)  (337)      (488)      (163)      -             (16,867) income Net operating     13,157     1,284       619         (609)       -              14,451 income Net cost of net                                                                 (615) debt Non-controlling                                                      (188) interests Net income                                                                      13,648                                                                      For the year ended December 31, 2012                     Refining    Marketing (adjustments)    Upstream  &          &          Corporate  Intercompany  Total ^(a)                         Chemicals   Services  (M$) Non-Group sales   (12)       -           -           -           -              (12) Intersegment      -          -           -           -           -              - sales Excise taxes     -         -          -          -          -             - Revenues from     (12)       -           -           -           -              (12) sales Operating         (752)      (257)       (294)       (115)       -              (1,418) expenses Depreciation, depletion and amortization of  (1,538)   (266)      (87)       -          -             (1,891) tangible assets and mineral interests Operating         (2,302)    (523)       (381)       (115)       -              (3,321) income ^ (b) Equity in net income (loss)     326        (51)        (154)       188         -              309 of affiliates and other items Tax on net operating        817       90         85         (139)      -             853 income Net operating     (1,159)    (484)       (450)       (66)        -              (2,159) income ^ (b) Net cost of net                                                                 - debt Non-controlling                                                      35 interests Net income                                                                      (2,124) ^(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.    ^(b) Of which inventory valuation effect On operating      -          (230)       (71)        - income On net operating         -          (149)       (50)        - income                 -         -          -          -                        For the year ended December               Refining    Marketing 31, 2012         Upstream  &          &          Corporate  Intercompany  Total (adjusted)                   Chemicals   Services  (M$) ^(a) Non-Group sales   28,461     117,067     111,281     240         -              257,049 Intersegment      40,498     57,134      970         256         (98,858)       - sales Excise taxes     -         (4,616)    (18,205)   -          -             (22,821) Revenues from     68,959     169,585     94,046      496         (98,858)       234,228 sales Operating         (32,609)   (166,122)   (91,613)    (1,134)     98,858         (192,620) expenses Depreciation, depletion and amortization of  (8,017)   (1,590)    (693)      (46)       -             (10,346) tangible assets and mineral interests Adjusted operating         28,333     1,873       1,740       (684)       -              31,262 income Equity in net income (loss)     2,679      322         (98)        165         -              3,068 of affiliates and other items Tax on net operating        (16,696)  (427)      (573)      (24)       -             (17,720) income Adjusted net operating         14,316     1,768       1,069       (543)       -              16,610 income Net cost of net                                                                 (615) debt Non-controlling                                                      (223) interests Adjusted net                                                         15,772 income Adjusted fully-diluted                                                        6.96 earnings per share ($) (a) Except for earnings per share.                                                                      For the year ended December               Refining    Marketing 31, 2012         Upstream  &          &          Corporate  Intercompany  Total                              Chemicals   Services (M$) Total             25,200     2,502       1,671       102         -              29,475 expenditures Total             3,595      392         196         3,360       -              7,543 divestments Cash flow from operating        24,354    2,726      1,456      322        -             28,858 activities Balance sheet as of December 31, 2012 Property, plant and equipment,    90,128     12,167      5,848       299         -              108,442 intangible assets, net Investments & loans in equity   14,622     2,600       931         -           -              18,153 affiliates Other non-current       4,255      1,565       1,694       552         -              8,066 assets Working capital   (436)      12,742      3,752       (2,337)     -              13,721 Provisions and other             (28,356)   (4,020)     (2,146)     (1,708)     -              (36,230) non-current liabilities Assets and liabilities       4,047      -           -           -           -              4,047 classified as held for sale Capital Employed          84,260     25,054      10,079      (3,194)     -              116,199 (balance sheet) Less inventory valuation         -          (4,271)     (847)       (1)         -              (5,119) effect Capital Employed (Business         84,260     20,783      9,232       (3,195)     -              111,080 segment information) ROACE as a       18%       9%         12%        -          -             15% percentage  BUSINESS SEGMENT INFORMATION  TOTAL  (unaudited)  For the year ended December               Refining    Marketing 31, 2011         Upstream  &          &          Corporate  Intercompany  Total                              Chemicals   Services (M$) Non-Group sales  30,916    107,384    118,769    15         -             257,084 Intersegment      38,002     61,632      1,121       256         (101,011)      - sales Excise taxes     -         (3,288)    (21,966)   -          -             (25,254) Revenues from     68,918     165,728     97,924      271         (101,011)      231,830 sales Operating         (30,421)   (161,980)   (95,187)    (923)       101,011        (187,500) expenses Depreciation, depletion and amortization of  (7,014)   (2,695)    (690)      (49)       -             (10,448) tangible assets and mineral interests Operating         31,483     1,053       2,047       (701)       -              33,882 income Equity in net income (loss)     3,100      1,023       (421)       466         -              4,168 of affiliates and other items Tax on net operating        (18,897)  (192)      (614)      (57)       -             (19,760) income Net operating     15,686     1,884       1,012       (292)       -              18,290 income Net cost of net                                                                 (466) debt Non-controlling                                                      (424) interests Net income                                                                      17,400                                                                      For the year ended December 31, 2011                     Refining    Marketing (adjustments)    Upstream  &          &          Corporate  Intercompany  Total ^(a)                         Chemicals   Services  (M$) Non-Group sales   62         -           -           -           -              62 Intersegment      -          -           -           -           -              - sales Excise taxes     -         -          -          -          -             - Revenues from     62         -           -           -           -              62 sales Operating         -          1,188       376         -           -              1,564 expenses Depreciation, depletion and amortization of  (104)     (983)      -          -          -             (1,087) tangible assets and mineral interests Operating         (42)       205         376         -           -              539 income ^ (b) Equity in net income (loss)     990        591         (402)       125         -              1,304 of affiliates and other items Tax on net operating        (60)      (85)       (109)      (111)      -             (365) income Net operating     888        711         (135)       14          -              1,478 income ^ (b) Net cost of net                                                                 - debt Non-controlling                                                      (26) interests Net income                                                                      1,452 ^(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.    ^(b) Of which inventory valuation effect On operating      -          1,292       399         - income On net operating         -          931         278         - income                 -         -          -          -                        For the year ended December               Refining    Marketing 31, 2011         Upstream  &          &          Corporate  Intercompany  Total (adjusted)                   Chemicals   Services  (M$) ^(a) Non-Group sales   30,854     107,384     118,769     15          -              257,022 Intersegment      38,002     61,632      1,121       256         (101,011)      - sales Excise taxes     -         (3,288)    (21,966)   -          -             (25,254) Revenues from     68,856     165,728     97,924      271         (101,011)      231,768 sales Operating         (30,421)   (163,168)   (95,563)    (923)       101,011        (189,064) expenses Depreciation, depletion and amortization of  (6,910)   (1,712)    (690)      (49)       -             (9,361) tangible assets and mineral interests Adjusted operating         31,525     848         1,671       (701)       -              33,343 income Equity in net income (loss)     2,110      432         (19)        341         -              2,864 of affiliates and other items Tax on net operating        (18,837)  (107)      (505)      54         -             (19,395) income Adjusted net operating         14,798     1,173       1,147       (306)       -              16,812 income Net cost of net                                                                 (466) debt Non-controlling                                                      (398) interests Adjusted net                                                         15,948 income Adjusted fully-diluted                                                        7.07 earnings per share ($) (a) Except for earnings per share.                                                                      For the year ended December               Refining    Marketing 31, 2011         Upstream  &          &          Corporate  Intercompany  Total                              Chemicals   Services (M$) Total             28,761     2,659       2,553       188         -              34,161 expenditures Total             3,607      3,492       2,721       2,120       -              11,940 divestments Cash flow from operating        23,724    2,987      753        (271)      -             27,193 activities Balance sheet as of December 31, 2011 Property, plant and equipment,    81,839     11,693      5,613       317         -              99,462 intangible assets, net Investments & loans in equity   13,691     2,145       978         -           -              16,814 affiliates Other non-current       3,162      1,914       1,523       3,988       -              10,587 assets Working capital   904        12,788      3,784       (1,778)     -              15,698 Provisions and other             (25,961)   (4,166)     (2,153)     (1,554)     -              (33,834) non-current liabilities Assets and liabilities       -          -           -           -           -              - classified as held for sale Capital Employed          73,635     24,374      9,745       973         -              108,727 (balance sheet) Less inventory valuation         -          (4,357)     (863)       17          -              (5,203) effect Capital Employed (Business         73,635     20,017      8,882       990         -              103,524 segment information) ROACE as a       22%       5%         14%        -          -             17% percentage  Reconciliation of the information by business segment with consolidated financial statements  TOTAL  (unaudited)  For the year ended December 31,                                   Consolidated 2013                                Adjusted     Adjustments   statement of                                                    ^(a)           income (M$) Sales                               251,799      (74)          251,725 Excise taxes                         (23,756)      -              (23,756) Revenues from sales                  228,043       (74)           227,969 Purchases, net of inventory          (159,784)     (1,065)        (160,849) variation Other operating expenses             (28,177)      (587)          (28,764) Exploration costs                    (2,169)       -              (2,169) Depreciation, depletion and amortization of tangible assets      (10,951)      (1,043)        (11,994) and mineral interests Other income                         647           1,643          2,290 Other expense                        (574)         (2,226)        (2,800) Financial interest on debt           (889)         -              (889) Financial income from marketable     85            -              85 securities & cash equivalents Cost of net debt                     (804)         -              (804) Other financial income               696           -              696 Other financial expense              (702)         -              (702) Equity in net income (loss) of       3,435         (20)           3,415 affiliates Income taxes                        (15,094)     327           (14,767) Consolidated net income              14,566        (3,045)        11,521 Group share                          14,292        (3,064)        11,228 Non-controlling interests            274           19             293                                                                    ^(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. For the year ended December 31,                                   Consolidated 2012                                Adjusted     Adjustments   statement of                                                    ^(a)           income (M$) Sales                                257,049       (12)           257,037 Excise taxes                         (22,821)      -              (22,821) Revenues from sales                  234,228       (12)           234,216 Purchases, net of inventory          (162,607)     (301)          (162,908) variation Other operating expenses             (28,156)      (1,117)        (29,273) Exploration costs                    (1,857)       -              (1,857) Depreciation, depletion and amortization of tangible assets      (10,346)      (1,891)        (12,237) and mineral interests Other income                         876           1,021          1,897 Other expense                        (579)         (599)          (1,178) Financial interest on debt           (863)         -              (863) Financial income from marketable     128           -              128 securities & cash equivalents Cost of net debt                     (735)         -              (735) Other financial income               717           -              717 Other financial expense              (641)         -              (641) Equity in net income (loss) of       2,695         (113)          2,582 affiliates Income taxes                        (17,600)     853           (16,747) Consolidated net income              15,995        (2,159)        13,836 Group share                          15,772        (2,124)        13,648 Non-controlling interests            223           (35)           188                                                                    ^(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.  Reconciliation of the information by business segment with consolidated financial statements  TOTAL  (unaudited)  For the year ended December 31,                                   Consolidated 2011                                Adjusted     Adjustments   statement of                                                    ^(a)           income (M$) Sales                               257,022      62            257,084 Excise taxes                         (25,254)      -              (25,254) Revenues from sales                  231,768       62             231,830 Purchases, net of inventory          (160,224)     1,691          (158,533) variation Other operating expenses             (27,422)      (127)          (27,549) Exploration costs                    (1,418)       -              (1,418) Depreciation, depletion and amortization of tangible assets      (9,361)       (1,087)        (10,448) and mineral interests Other income                         599           2,376          2,975 Other expense                        (748)         (990)          (1,738) Financial interest on debt           (992)         -              (992) Financial income from marketable     380           -              380 securities & cash equivalents Cost of net debt                     (612)         -              (612) Other financial income               848           -              848 Other financial expense              (597)         -              (597) Equity in net income (loss) of       2,762         (82)           2,680 affiliates Income taxes                        (19,249)     (365)         (19,614) Consolidated net income              16,346        1,478          17,824 Group share                          15,948        1,452          17,400 Non-controlling interests            398           26             424                                                                    ^(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.  Return on Equity  TOTAL  (unaudited)  For the year ended December 31,                                                   2013     2012     2011 (M$)                                                                     Adjusted net income - Group share                  14,292    15,772    15,948 Adjusted non-controlling interests                274      223      398 Adjusted consolidated net income                   14,566    15,995    16,346                                                                         Shareholders' equity - Group share                 100,241   93,969    86,667 Distribution of the income based on existing       (1,908)   (1,757)   (1,668) shares at the closing date Non-controlling interests                         3,138    1,689    1,749 Adjusted shareholders' equity^(a)                  101,471   93,901    86,748                                                                   ROE                                               15%      18%      20%                                                                         (a) Adjusted shareholders' equity as of December 31, 2010 amounted to $ 77,492 million.  Net-debt-to-equity ratio  TOTAL  (unaudited)  As of December 31,                                                2013      2012      2011 (M$) (Assets) / Liabilities                                             Current borrowings                              11,193     14,535     12,519 Other current financial liabilities             381        232        216 Current financial assets                        (739)      (2,061)    (906) Net financial assets and liabilities held for   (179)      997        - sale or exchange Non-current financial debt                      34,574     29,392     29,186 Hedging instruments on non-current financial    (1,418)    (2,145)    (2,557) debt Cash and cash equivalents                      (20,200)  (20,409)  (18,147) Net financial debt                              23,612     20,541     20,311                                                                        Shareholders' equity - Group share              100,241    93,969     86,667 Distribution of the income based on existing    (1,908)    (1,757)    (1,668) shares at the closing date Non-controlling interests                      3,138     1,689     1,749 Adjusted shareholders' equity                   101,471    93,901     86,748                                                                  Net-debt-to-equity ratio                       23.3%     21.9%     23.4%  CONSOLIDATED STATEMENT OF INCOME  TOTAL  (unaudited)                       1^st        2^nd        3^rd        4^th        Year (M$) ^(a)           quarter    quarter    quarter    quarter                                                                         2013                      2013        2013        2013        2013 Sales               63,561     61,345     61,844     64,975     251,725 Excise taxes         (5,541)     (5,839)     (6,168)     (6,208)     (23,756) Revenues from        58,020      55,506      55,676      58,767      227,969 sales Purchases, net of inventory            (40,319)    (39,631)    (38,907)    (41,992)    (160,849) variation Other operating      (7,194)     (7,288)     (6,662)     (7,620)     (28,764) expenses Exploration costs    (406)       (354)       (751)       (658)       (2,169) Depreciation, depletion and amortization of      (2,853)     (2,534)     (3,673)     (2,934)     (11,994) tangible assets and mineral interests Other income         42          462         1,498       288         2,290 Other expense        (2,021)     (120)       (213)       (446)       (2,800) Financial interest   (223)       (238)       (211)       (217)       (889) on debt Financial income from marketable      28          18          13          26          85 securities & cash equivalents Cost of net debt     (195)       (220)       (198)       (191)       (804) Other financial      136         206         182         172         696 income Other financial      (169)       (179)       (203)       (151)       (702) expense Equity in net income (loss) of     949         794         828         844         3,415 affiliates Income taxes        (3,975)    (3,229)    (3,811)    (3,752)    (14,767) Consolidated net    2,015      3,413      3,766      2,327      11,521 income Group share          1,948       3,364       3,682       2,234       11,228 Non-controlling     67         49         84         93         293 interests Earnings per share  0.86       1.49       1.62       0.98       4.96 ($) Fully-diluted earnings per share  0.86       1.48       1.62       0.98       4.94 ($) ^(a) Except for per share amounts.  CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME  TOTAL  (unaudited)                             1^st       2^nd       3^rd       4^th       Year (M$)                      quarter   quarter   quarter   quarter                                                                          2013                            2013       2013       2013       2013 Consolidated net income   2,015     3,413     3,766     2,327     11,521 Other comprehensive                                               income                                                                         Actuarial gains and        223        (248)      44         663        682 losses Tax effect                 (87)       95         (11)       (284)      (287) Currency translation adjustment generated by   (2,212)   1,613     2,244     1,484     3,129 the mother company Items not potentially reclassifiable to profit  (2,076)   1,460     2,277     1,863     3,524 and loss Currency translation       597        (988)      (766)      (768)      (1,925) adjustment Available for sale         (5)        8          5          25         33 financial assets Cash flow hedge            15         80         38         23         156 Share of other comprehensive income of    47         (541)      (113)      (198)      (805) equity affiliates, net amount Other                      (11)       (1)        (3)        3          (12) Tax effect                (3)       (32)      (15)      (12)      (62) Items potentially reclassifiable to profit  640       (1,474)   (854)     (927)     (2,615) and loss Total other comprehensive income      (1,436)   (14)      1,423     936       909 (net amount)                                                               Comprehensive income      579       3,399     5,189     3,263     12,430 - Group share              540        3,368      5,109      3,176      12,193 - Non-controlling          39         31         80         87         237 interests  CONSOLIDATED BALANCE SHEET  TOTAL  (unaudited)  (M$)                             March 31,  June 30,  September  December                                   2013        2013       30, 2013    31, 2013 ASSETS                                                           Non-current assets Intangible assets, net            17,354      17,424     17,007      18,395 Property, plant and equipment,    90,505      93,387     97,134      104,480 net Equity affiliates : investments   19,385      19,037     19,750      20,417 and loans Other investments                 1,566       1,583      1,777       1,666 Hedging instruments of            1,885       1,708      1,840       1,418 non-current financial debt Deferred income taxes             3,297       3,704      3,691       3,838 Other non-current assets         3,643      3,813     3,930      4,406 Total non-current assets         137,635    140,656   145,129    154,620 Current assets Inventories, net                  21,890      20,196     21,469      22,097 Accounts receivable, net          28,164      25,587     24,883      23,422 Other current assets              13,956      14,850     15,185      14,892 Current financial assets          799         668        457         739 Cash and cash equivalents         17,178      15,118     20,111      20,200 Assets classified as held for    5,833      5,104     3,112      3,253 sale Total current assets             87,820     81,523    85,217     84,603 Total assets                      225,455     222,179    230,346     239,223                                                                       LIABILITIES & SHAREHOLDERS' EQUITY                                                                       Shareholders' equity Common shares                     7,454       7,490      7,491       7,493 Paid-in surplus and retained      94,559      94,637     96,442      98,254 earnings Currency translation adjustment   (3,215)     (3,063)    (1,695)     (1,203) Treasury shares                  (4,274)    (4,274)   (4,300)    (4,303) Total shareholders' equity -     94,524     94,790    97,938     100,241 Group Share Non-controlling interests        2,286      2,225     2,328      3,138 Total shareholders' equity       96,810     97,015    100,266    103,379 Non-current liabilities Deferred income taxes             16,480      16,736     17,442      17,850 Employee benefits                 4,486       4,751      4,799       4,235 Provisions and other              14,795      14,464     14,786      17,517 non-current liabilities Non-current financial debt       29,294     29,557    33,937     34,574 Total non-current liabilities    65,055     65,508    70,964     74,176 Current liabilities Accounts payable                  27,927      26,380     27,811      30,282 Other creditors and accrued       19,581      18,162     19,299      18,948 liabilities Current borrowings                13,751      13,119     11,086      11,193 Other current financial           114         59         57          381 liabilities Liabilities directly associated with the assets classified as    2,217      1,936     863        864 held for sale Total current liabilities        63,590     59,656    59,116     61,668 Total liabilities and             225,455     222,179    230,346     239,223 shareholders' equity  CONSOLIDATED STATEMENT OF CASH FLOW  TOTAL  (unaudited)                           1^st       2^nd       3^rd       4^th        Year (M$)                    quarter   quarter   quarter   quarter                                                                          2013                          2013       2013       2013       2013 CASH FLOW FROM                                                   OPERATING ACTIVITIES Consolidated net         2,015      3,413      3,766      2,327       11,521 income Depreciation, depletion and            3,046      2,759      4,190      3,363       13,358 amortization Non-current liabilities, valuation   59         (108)      791        825         1,567 allowances and deferred taxes Impact of coverage of    -          -          -          -           - pension benefit plans (Gains) losses on        1,873      (363)      (1,397)    (193)       (80) disposals of assets Undistributed affiliates' equity       (466)      94         (301)      (102)       (775) earnings (Increase) decrease in   (1,726)    (1,025)    2,009      3,267       2,525 working capital Other changes, net      112       68        126       91         397 Cash flow from           4,913      4,838      9,184      9,578       28,513 operating activities CASH FLOW USED IN INVESTING ACTIVITIES Intangible assets and property, plant and      (6,489)    (6,836)    (6,801)    (9,622)     (29,748) equipment additions Acquisitions of subsidiaries, net of     (21)       -          -          -           (21) cash acquired Investments in equity affiliates and other     (770)      (256)      (268)      (462)       (1,756) securities Increase in             (624)     (367)     (682)     (1,233)    (2,906) non-current loans Total expenditures       (7,904)    (7,459)    (7,751)    (11,317)    (34,431) Proceeds from disposals of intangible assets and    554        1,106      56         50          1,766 property, plant and equipment Proceeds from disposals of             -          264        2,369      21          2,654 subsidiaries, net of cash sold Proceeds from disposals of             -          23         23         284         330 non-current investments Repayment of            259       357       449       584        1,649 non-current loans Total divestments       813       1,750     2,897     939        6,399 Cash flow used in        (7,091)    (5,709)    (4,854)    (10,378)    (28,032) investing activities CASH FLOW USED IN FINANCING ACTIVITIES Issuance (repayment) of shares: - Parent company         -          432        24         29          485 shareholders - Treasury shares        -          -          (236)      (2)         (238) Dividends paid: - Parent company         (1,760)    (1,772)    (1,775)    (1,821)     (7,128) shareholders - Non-controlling        (2)        (92)       (13)       (49)        (156) interests Other transactions with non-controlling     471        (7)        50         1,639       2,153 interests Net issuance (repayment) of           3,765      734        4,466      2,137       11,102 non-current debt Increase (decrease) in   (4,268)    (894)      (2,457)    (1,418)     (9,037) current borrowings Increase (decrease) in current financial        1,178      6          66         48          1,298 assets and liabilities Cash flow used in       (616)     (1,593)   125       563        (1,521) financing activities Net increase (decrease) in cash and   (2,794)    (2,464)    4,455      (237)       (1,040) cash equivalents Effect of exchange       (437)      404        538        326         831 rates Cash and cash equivalents at the      20,409    17,178    15,118    20,111     20,409 beginning of the period Cash and cash equivalents at the end  17,178    15,118    20,111    20,200     20,200 of the period  Consolidated statement of changes in shareholders’ equity  TOTAL  (unaudited)  <td class="bwp*Story too large*                                            Paid-in                                            Shareholders'                                            surplus    Currency                                equity -        Non-controlling   Total                  Common shares issued    and       translation  Treasury shares                         interests        shareholders'                                            retained   adjustment                              Group Share                       equity                                            earnings (M$)             Number         Amount                       Number         Amount                                  As of January    2,365,933,146  7,454   92,485    (1,696)      (108,391,639)  (4,274)  93,969         1,689            95,658 1, 2013 Net income 1^st   -              -        1,948      -             -              -         1,948           67                2,015 quarter 2013 Other comprehensive     -               -        111        (1,519)       -               -         (1,408)         (28)              (1,436) income Comprehensive     -               -        2,059      (1,519)       -               -         540             39                579 Income Dividend          -               -        -          -             -               -         -               (2)               (2) Issuance of       480             -        -          -             -               -         -               -                 - common shares Purchase of       -               -        -          -             -               -         -               -                 - treasury shares Sale of treasury          -               -        -          -             220             -         -               -                 - shares^(a) Share-based       -               -        55         -             -               -         55              -                 55 payments Share             -               -        -          -             -               -         -               -                 - cancellation Other operations with   -               -        (87)       -             -               -         (87)            558               471 non-controlling interests Other items      -              -       47        -            -              -        47             2                49 As of March 31,  2,365,933,626  7,454   94,559    (3,215)      (108,391,419)  (4,274)  94,524         2,286            96,810 2013 Net income 2^nd   -               -        3,364      -             -               -         3,364           49                3,413 quarter 2013 Other comprehensive     -               -        (148)      152           -               -         4               (18)              (14) income Comprehensive     -               -        3,216      152           -               -         3,368           31                3,399 Income Dividend          -               -        (3,526)    -             -               -         (3,526)         (92)              (3,618) Issuance of       10,802,365      36       396        -             -               -         432             -                 432 common shares Purchase of       -               -        -          -             -               -         -               -                 - treasury shares Sale of treasury          -               -        -          -             760             -         -               -                 - shares^(a) Share-based       -               -        42         -             -               -         42              -                 42 payments Share             -               -        -          -             -               -         -               -                 - cancellation Other operations with   -               -        (5)        -             -               -         (5)             (2)               (7) non-controlling interests Other items      -              -       (45)      -            -              -        (45)           2                (43) As of June 30,   2,376,735,991  7,490   94,637    (3,063)      (108,390,659)  (4,274)  94,790         2,225            97,015 2013 Net income 3^rd   -               -        3,682      -             -               -         3,682           84                3,766 quarter 2013 Other comprehensive     -               -        60         1,367         -               -         1,427           (4)               1,423 income Comprehensive     -               -        3,742      1,367         -               -         5,109           80                5,189 Income Dividend          -               -        (1,774)    -             -               -         (1,774)         (13)              (1,787) Issuance of       460,188         1        23         -             -               -         24              -                 24 common shares Purchase of       -               -        -          -             (4,414,200)     (236)     (236)           -                 (236) treasury shares Sale of treasury          -               -        (210)      -             3,589,661       210       -               -                 - shares^(a) Share-based       -               -        51         -             -               -         51              -                 51 payments Share             -               -        -          -             -               -         -               -                 - cancellation Other operations with   -               -        (28)       1             -               -         (27)            31                4 non-controlling interests Other items      -              -       1         -            -              -        1              5                6 As of September  2,377,196,179  7,491   96,442    (1,695)      (109,215,198)  (4,300)  97,938         2,328            100,266 30, 2013 Net income 4^th   -               -        2,234      -             -               -         2,234           93                2,327 quarter 2013 Other comprehensive     -               -        450        492           -               -         942             (6)               936 income Comprehensive     -               -        2,684      492           -               -         3,176           87                3,263 Income Dividend          -               -        (1,816)    -             -               -         (1,816)         (49)              (1,865) Issuance of       481,981         2        27         -             -               -         29              -                 29 common shares Purchase of       -               -        -          -             -               (2)       (2)             -                 (2) treasury shares Sale of treasury          -               -        1          -             750             (1)       -               -                 - shares^(a) Share-based       -               -        41         -             -               -         41              -                 41 payments Share             -               -        -          -             -               -         -               -                 - cancellation Other operations with   -               -        869        -             -               -         869             768               1,637 non-controlling interests Other items      -              -       6         -            -              -        6              4                10 As of December   2,377,678,160  7,493   98,254    (1,203)      (109,214,448)  (4,303)  100,241        3,138            103,379 31, 2013                                                                                                                As of January    2,365,933,146  7,454   92,485    (1,696)      (108,391,639)  (4,274)  93,969         1,689            95,658 1, 2013 Net income 2013   -               -        11,228     -             -  [TRUNCATED]  
Press spacebar to pause and continue. Press esc to stop.