EX-99.1 2 d672980dex991.htm EX-99.1 EX-99.1

EXHIBIT 99.1

 

KPMG Audit

A division of KPMG S.A.

 

1, cours Valmy

92923 Paris La Défense Cedex

  

ERNST & YOUNG Audit

1/2, place des Saisons

92400 Courbevoie – Paris-La Défense 1

TOTAL S.A.

Registered office: 2, Place Jean Millier – La Défense 6 - 92400 Courbevoie

Report of Independent Registered Public Accounting Firms on the Consolidated Financial Statements

Year ended December 31, 2013

The Board of Directors and Shareholders,

We have audited the accompanying consolidated balance sheets of TOTAL S.A. and subsidiaries (“the Company”) as of December 31, 2013, 2012 and 2011, and the related consolidated statements of income, comprehensive income, cash flows and changes in shareholders’ equity for each of the years in the three-year period ended December 31, 2013. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of the Company as of December 31, 2013, 2012 and 2011, and the consolidated results of its operations and its consolidated cash flows for each of the years in the three-year period ended December 31, 2013, in conformity with International Financial Reporting Standards as adopted by the European Union and in conformity with International Financial Reporting Standards as issued by the International Accounting Standards Board.

As discussed in the “Introduction” to the notes to the consolidated financial statements, the Company has changed its method of accounting for employee benefits as a result of the mandatory application of the revised standard IAS 19 — Employee Benefits.

Paris La Défense, March 6, 2014

 

        KPMG Audit

A division of KPMG S.A.

      ERNST & YOUNG Audit

 

/s/ JAY NIRSIMLOO

   

/s/ PASCAL MACIOCE

   

/s/ LAURENT VITSE

Jay Nirsimloo     Pascal Macioce     Laurent Vitse
Partner     Partner     Partner