Equity affiliates, other investments and related party (Tables)

12 Months Ended

Dec. 31, 2020

Equity affiliates, other investments and related parties

Schedule of equity affiliates in facing financials

Equity value
As of December 31,
(M$)	2020	2019	2018
Total Associates	15,745	17,026	13,330
Total Joint ventures	7,102	6,097	5,359
Total	22,847	23,123	18,689
Loans	5,129	3,999	4,755
TOTAL	27,976	27,122	23,444

Profit/(loss)
(M$)	2020	2019	2018
Total Associates	753	2,534	2,329
Total Joint ventures	(301)	872	841
TOTAL	452	3,406	3,170

Other comprehensive income
(M$)	2020	2019	2018
Total Associates	(1,704)	592	(461)
Total Joint ventures	(127)	(184)	(79)
TOTAL	(1,831)	408	(540)

Schedule of information related to associates

Exploration and production activites	Novatek(a)						Liquefaction entities			PetroCedeño(a)
(M$)	2020		2019		2018		2020	2019	2018	2020		2019		2018
Non current assets	23,748		24,081		14,639		34,273	30,578	28,664	4,008		3,994		4,324
Current assets	4,170		6,898		4,545		7,537	9,994	9,358	6,428		7,457		5,580
Total Assets	27,918		30,979		19,184		41,810	40,572	38,022	10,436		11,451		9,904
Shareholder’s equity	22,160		24,884		14,163		23,403	23,640	22,615	4,548		4,548		4,581
Non current liabilities	3,164		3,727		3,086		13,608	11,445	9,826	73		76		20
Current liabilities	2,594		2,368		1,935		4,799	5,487	5,581	5,815		6,827		5,303
Total Liabilities	27,918		30,979		19,184		41,810	40,572	38,022	10,436		11,451		9,904
Revenue from sales	9,733		13,227		13,415		15,584	22,684	25,644	66		356		1,629
Net income	1,759		8,260		4,636		2,416	5,692	7,408	—		(33)		122
Other comprehensive income	(3,206)		1,807		(2,545)		—	—	—	—		—		–
% owned	19.40	%	19.40	%	19.40	%				30.32	%	30.32	%	30.32	%
Revaluation identifiable assets on equity affiliates	1,297		1,641		1,556		1,837	1,714	44	—		—		—
Equity value	5,596		6,469		4,303		5,534	5,493	3,758	1,379		1,379		1,389
Profit/(loss)	264		1,508		794		237	637	874	—		(10)		37
Share of Other Comprehensive Income, net amount	(1,409)		634		(540)		(122)	23	49	—		—		—
Dividends paid to the Group	229		266		151		406	752	816	—		—		218

(a) Information includes the best Group’s estimates of results at the date of TOTAL's financial statements.

	Saudi Aramco Total
Refining & Chemicals activities	Refining & Petrochemicals						Qatar
(M$)	2020		2019		2018		2020	2019	2018
Non current assets	10,698		10,976		11,281		4,105	4,160	3,968
Current assets	1,211		1,793		2,069		1,521	1,571	1,741
Total Assets	11,909		12,769		13,350		5,626	5,731	5,709
Shareholder’s equity	1,256		2,113		2,412		2,717	2,676	2,748
Non current liabilities	7,994		8,098		8,398		2,171	2,150	1,914
Current liabilities	2,659		2,558		2,540		738	905	1,047
Total Liabilities	11,909		12,769		13,350		5,626	5,731	5,709
Revenue from sales	6,031		10,522		11,886		5,222	8,225	9,929
Net income	(686)		(171)		122		91	42	409
Other comprehensive income	(171)		(124)		16		—	111	(21)
% owned	37.50	%	37.50	%	37.50	%
Revaluation identifiable assets on equity affiliates	—		—		—		—	—	—
Equity value	471		792		905		716	706	740
Profit/(loss)	(257)		(64)		46		57	91	198
Share of Other Comprehensive Income, net amount	(128)		(33)		40		(16)	14	6
Dividends paid to the Group	—		—		56		63	159	271

Schedule of information related to joint ventures

	Liquefaction entities			Hanwha Total Petrochemicals
	(Integrated Gas, Renewables & Power)			(Refining & Chemicals)
(M$)	2020	2019	2018	2020		2019		2018
Non current assets	70,425	70,279	68,003	4,664		4,310		4,017
Current assets excluding cash and cash equivalents	1,513	1,866	1,928	1,575		1,842		2,180
Cash and cash equivalents	1,834	1,678	339	303		322		237
Total Assets	73,772	73,823	70,270	6,542		6,474		6,434
Shareholder’s equity	4,433	7,151	7,059	3,443		3,319		3,534
Other non current liabilities	8,259	6,864	3,472	167		150		157
Non current financial debts	58,128	56,379	56,841	1,703		1,761		1,418
Other current liabilities	2,952	3,429	2,898	583		756		725
Current financial debts	–	–	–	646		488		600
Total Liabilities	73,772	73,823	70,270	6,542		6,474		6,434
Revenue from sales	8,543	9,240	2,908	5,734		8,437		10,191
Depreciation and depletion of tangible assets and mineral interests	(3,130)	(3,040)	(1,227)	(278)		(256)		(269)
Interest income	2	5	119	–		–		9
Interest expense	(2,972)	(2,993)	(670)	(2)		(14)		(5)
Income taxes	77	(270)	(386)	(69)		(124)		(310)
Net income	(2,399)	383	2,029	133		302		754
Other comprehensive income	(323)	(429)	132	194		(116)		(169)
% owned				50.00	%	50.00	%	50.00	%
Revaluation identifiable assets on equity affiliates	546	660	683	–		–		–
Equity value	1,602	2,318	2,404	1,721		1,660		1,767
Profit/(loss)	(633)	(19)	192	67		150		377
Share of Other Comprehensive Income, net amount	(84)	(112)	40	87		(68)		(67)
Dividends paid to the Group	–	–	–	102		200		332

Schedule of main aggregated financial items in equity consolidated affiliates not presented individually

	2020		2019		2018
As of December 31,		Joint		Joint		Joint
(M$)	Associates	ventures	Associates	ventures	Associates	ventures
Non Current assets	5,454	7,002	5,435	4,287	4,512	2,487
Current assets	1,299	1,671	1,357	1,276	1,263	752
TOTAL ASSETS	6,753	8,673	6,792	5,563	5,775	3,239
Shareholder's equity	1,183	1,963	1,405	1,437	1,438	1,108
Non current liabilities	4,881	5,469	4,412	3,091	3,254	1,585
Current liabilities	689	1,241	975	1,035	1,083	546
TOTAL LIABILITIES	6,753	8,673	6,792	5,563	5,775	3,239

	2020		2019		2018
For the year ended December 31,		Joint		Joint		Joint
(M$)	Associates	ventures	Associates	ventures	Associates	ventures
Revenues from sales	2,154	3,116	2,190	3,535	2,542	11,914
NET INCOME	478	202	383	288	380	281
Share of other comprehensive income items	(29)	(130)	(46)	(4)	(16)	(52)
Equity value	2,049	3,779	2,187	2,119	2,235	1,188
Profit/(Loss)	452	265	372	741	380	272
Dividends paid to the Group	409	59	362	50	416	49

Schedule of other investments

	As of			As of
As of December 31, 2020	January 1,	Increase -	Change in	December 31,
	2020	Decrease	fair value	2020
Enphase Energy Inc	173	(251)	691	613
Tellurian Investments Inc.	207	(1)	(149)	57
Other shares through fair value OCI (unit value < $50M)	126	(4)	(9)	113
Equity instruments recorded through fair value OCI	506	(256)	533	783
BBPP	62	(4)	–	58
BTC Limited	28	–	(1)	27
Tas Helat Marketing Company (a)	108	(108)	–	–
Other shares through fair value P&L (unit value < $50M)	1,074	84	(19)	1,139
Equity instruments recorded through fair value P&L	1,272	(28)	(20)	1,224
TOTAL EQUITY INSTRUMENTS	1,778	(284)	513	2,007

(a) Tas Helat Marketing Company is a joint venture with SAUDI ARAMCO to develop the retail business. It was consolidated in 2020 (using the equity method).

	As of			As of
As of December 31, 2019	January 1,	Increase -	Change in	December 31,
	2019	Decrease	fair value	2019
Enphase Energy Inc	36	(5)	142	173
Tellurian Investments Inc.	207	–	–	207
Other shares through fair value OCI (unit value < $50M)	119	7	–	126
Equity instruments recorded through fair value OCI	362	2	142	506
BBPP	62	–	–	62
BTC Limited	50	–	(22)	28
Tas Helat Marketing Company (a)	–	108	–	108
Total Lubrificantes do Brasil (b)	111	(111)	–	–
Other shares through fair value P&L (unit value < $50M)	836	238	–	1,074
Equity instruments recorded through fair value P&L	1,059	235	(22)	1,272
TOTAL EQUITY INSTRUMENTS	1,421	237	120	1,778

(a) Tas Helat Marketing Company is a joint venture with SAUDI ARAMCO to develop the retail business. It will be consolidated in 2020 (using the equity method).

(b) Total Lubrificantes do Brasil was consolidated in 2019.

	As of			As of
As of December 31, 2018	January 1,	Increase -	Change in	December 31,
	2018	Decrease	fair value	2018
Tellurian Investments Inc.	207	–	–	207
Other shares through fair value OCI (unit value < $50M)	77	80	(2)	155
Equity instruments recorded through fair value OCI	284	80	(2)	362
BBPP	62	–	–	62
BTC Limited	55	–	(5)	50
DUNKERQUE LNG SAS	144	(217)	73	–
Total Lubrificantes do Brasil(a)	–	111	–	111
Other shares through fair value P&L (unit value < $50M)	1,182	(346)	–	836
Equity instruments recorded through fair value P&L	1,443	(452)	68	1,059
TOTAL EQUITY INSTRUMENTS	1,727	(372)	66	1,421

(a) Total Lubrificantes do Brasil will be consolidated in 2019.

Schedule of main transactions and receivable and payable balances with related parties

As of December 31,
(M$)	2020	2019	2018
Balance sheet
Receivables
Debtors and other debtors	545	486	496
Loans (excl. loans to equity affiliates)	89	42	57
Payables
Creditors and other creditors	662	968	888
Debts	3	2	2

For the year ended December 31,
(M$)	2020	2019	2018
Statement of income
Sales	3,134	4,127	4,192
Purchases	(7,183)	(10,158)	(9,253)
Financial income	1	4	2
Financial expense	(6)	(4)	(5)

Schedule of affiliates direct and indirect compensation

Restating the 2019 and 2018 data, to the scope of the main Group of executive officers as defined in 2020, the detail of the compensation is as follows:

For the year ended December 31,
(M$)	2020	2019	2018
Number of people	11	10	9
Direct or indirect compensation	12.6	12.0	14.0
Pension expenses	1.5	(2.4)	1.4
Share-based payments expense (IFRS 2)	7.2	7.7	12.1

Previously stated

Equity affiliates, other investments and related parties

Schedule of affiliates direct and indirect compensation

For the year ended December 31,
(M$)	2020	2019	2018
Number of people	11	15	15
Direct or indirect compensation	12.6	15.0	17.7
Pension expenses (a)	1.5	(4.9)	2.5
Share-based payments expense (IFRS 2) (b)	7.2	8.7	12.6

(a) The benefits provided for executive officers of the Group and the members of the Board of Directors, who are employees of the Group, include severance to be paid upon retirement, supplementary pension schemes and insurance plans, which represent $129.0  million provisioned as of December 31, 2020 (against $113.3 million as of December 31, 2019 and $117.0 million as of December 31, 2018). Converted into Euros, this commitment amounts to €105.2 million as of December 31, 2020 (against €100.8 million as of December 31, 2019 and €102.2 million as of December 31, 2018).

(b) Share-based payments expense computed for the executive officers and the members of the Board of Directors who are employees of the Group and based on the principles of IFRS 2 “Share-based payments” described in Note 9.