EX-99.3 4 d818057dex993.htm EX-99.3 EX-99.3

Exhibit 99.3

CAPITALIZATION AND INDEBTEDNESS OF TOTAL

(unaudited)

The following table sets out the unaudited consolidated capitalization and long-term indebtedness, as well as short-term indebtedness, of the Group as of September 30, 2019, prepared on the basis of IFRS. Currency amounts are expressed in U.S. dollars (“dollars” or “$”) or in euros (“euros” or “€”).

 

     At September 30,
2019
 
     (in millions of dollars)  

Current financial debt, including current portion of non-current financial debt

  

Current portion of non-current financial debt

     5,687  

Current financial debt

     8,944  

Current portion of financial instruments for interest rate swaps liabilities

     430  

Other current financial instruments — liabilities

     339  

Financial liabilities directly associated with assets held for sale

     —    
  

 

 

 

Total current financial debt

     15,400  
  

 

 

 

Non-current financial debt

     47,923  

Non-controlling interests

     2,319  

Shareholders’ equity

  

Common shares

     8,300  

Paid-in surplus and retained earnings

     123,805  

Currency translation adjustment

     13,297  

Treasury shares

     (3,814
  

 

 

 

Total shareholders’ equity — Group share

     114,994  
  

 

 

 

Total capitalization and non-current indebtedness

     165,236  
  

 

 

 

As of September 30, 2019, TOTAL S.A. had an authorized share capital of 3,659,166,009 ordinary shares with a par value of €2.50 per share, and an issued share capital of 2,666,990,510 ordinary shares (including 69,066,330 treasury shares from shareholders’ equity).

As of September 30, 2019, approximately $6,308 million of the Group’s non-current financial debt was secured and approximately $41,616 million was unsecured, and all of the Group’s current financial debt of $8,944 million was unsecured. As of September 30, 2019, TOTAL had no outstanding guarantees from third parties relating to its consolidated indebtedness. For more information about TOTAL’s off balance sheet commitments and contingencies, see Note 13.1 of the Notes to TOTAL’s audited Consolidated Financial Statements in its Annual Report on Form 20-F for the year ended December 31, 2018, filed with the Securities and Exchange Commission on March 20, 2019, as amended on April 26, 2019.

Except as disclosed herein, there have been no material changes in the consolidated capitalization, indebtedness and contingent liabilities of TOTAL since September 30, 2019.