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     -             -

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