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Other items from operating activities
12 Months Ended
Dec. 31, 2017
Other items from operating activities  
Other items from operating activities

6) Other items from operating activities

6.1) Other income and other expense

 

 

 

 

 

 

 

 

For the year ended December 31,

    

    

    

    

    

    

(M$)

 

2017

 

2016

 

2015

Gains on disposal of assets

 

2,784

 

479

 

2,658

Foreign exchange gains

 

785

 

548

 

663

Other

 

242

 

272

 

285

Other income

 

3,811

 

1,299

 

3,606

Losses on disposal of assets

 

(186)

 

(216)

 

(199)

Foreign exchange losses

 

 —

 

 —

 

(102)

Amortization of other intangible assets (excl. mineral interests)

 

(192)

 

(344)

 

(332)

Other

 

(656)

 

(467)

 

(944)

Other expense

 

(1,034)

 

(1,027)

 

(1,577)

 

Other income

In 2017, gains on disposal of assets are mainly related to the sale of Atotech in the Refining & Chemicals segment and to the sale of assets in Gabon in the Exploration & Production segment.

In 2016, gains on disposal of assets mainly related to sales of assets in United-Kingdom in the Exploration & Production segment.

In 2015, gains on disposal of assets mainly related to sales of assets in Nigeria in the Exploration & Production segment, to sales of interests in Geosel and the Schwedt refinery in the Refining & Chemicals segment, to the sale of the Bostik adhesives activity, also in the Refining & Chemicals segment, and to the sale of 100 % of Totalgaz in the Marketing & Services segment.

Other expense

In 2017, losses on disposals are mainly related to the sale of 15% interests in the Gina Krog field in Norway. The heading “Other” mainly consists of the impairment of non-consolidated shares and loans granted to non-consolidated subsidiaries and equity affiliates for an amount of $172 million and $64 million of restructuring charges in the Exploration & Production, Gas Renewables & Power and Refining & Chemicals segments.

In 2016, the loss on disposals mainly related to the sale of 20% of interests in Kharyaga in Russia. The heading “Other” mainly consisted of the impairment of non-consolidated shares and loans granted to non-consolidated subsidiaries and equity affiliates for an amount of $142 million and $37 million of restructuring charges in the Refining & Chemicals and Marketing & Services segments.

In 2015, the loss on disposals mainly related to the sale of 20% of interests in fields in the United Kingdom. The heading “Other” mainly consisted of the impairment of non-consolidated shares and loans granted to non-consolidated subsidiaries and equity affiliates for an amount of $409 million, $180 million of restructuring charges in the Exploration & Production, Refining & Chemicals and Marketing & Services segments as well as $162 million for expenses relating to a litigation in Qatar.

6.2) Other financial income and expense

 

 

 

 

 

 

 

 

As of December 31,

 

 

 

 

 

 

(M$)

    

2017

 

2016

 

2015

Dividend income on non-consolidated subsidiaries

 

167

 

170

 

267

Capitalized financial expenses

 

460

 

477

 

364

Other

 

330

 

324

 

251

Other financial income

 

957

 

971

 

882

Accretion of asset retirement obligations

 

(544)

 

(523)

 

(513)

Other

 

(98)

 

(113)

 

(141)

Other financial expense

 

(642)

 

(636)

 

(654)

 

6.3) Other non-current assets

 

 

 

 

 

 

 

 

As of December 31, 2017

    

    

    

Valuation 

    

    

(M$)

 

Gross value

 

allowance

 

Net value

Loans and advances(a)

 

3,237

 

(359)

 

2,878

Other non-current financial assets related to operational activities

 

937

 

 —

 

937

Other

 

169

 

 —

 

169

Total

 

4,343

 

(359)

 

3,984

 

 

 

 

 

 

 

 

As of December 31, 2016

    

    

    

Valuation 

    

    

(M$)

 

Gross value

 

allowance

 

Net value

Loans and advances(a)

 

3,334

 

(286)

 

3,048

Other non-current financial assets related to operational activities

 

1,069

 

 —

 

1,069

Other

 

26

 

 —

 

26

Total

 

4,429

 

(286)

 

4,143

 

 

 

 

 

 

 

 

As of December 31, 2015

    

    

    

Valuation 

    

    

(M$)

 

Gross value

 

allowance

 

Net value

Loans and advances(a)

 

3,687

 

(280)

 

3,407

Other non-current financial assets related to operational activities

 

891

 

 —

 

891

Other

 

57

 

 —

 

57

Total

 

4,635

 

(280)

 

4,355

 

(a)   Excluding loans to equity affiliates.

Changes in the valuation allowance on loans and advances are detailed as follows:

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31,

  

 

  

 

  

 

  

Currency

  

 

 

 

Valuation

 

 

 

 

 

translation 

 

Valuation

 

 

allowance as of

 

 

 

 

 

adjustment and

 

allowance as of

(M$)

 

January 1,

 

Increases

 

Decreases

 

other variations

 

December 31,

2017

 

(286)

 

(50)

 

11

 

(34)

 

(359)

2016

 

(280)

 

(15)

 

 7

 

 2

 

(286)

2015

 

(672)

 

(62)

 

393

 

61

 

(280)