XML 124 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Entity affiliates, other investement and related party (Tables)
12 Months Ended
Dec. 31, 2017
Equity affiliates, other investments and related parties  
Schedule of equity affiliates in facing financials

 

 

 

 

 

 

 

Equity value

    

 

    

 

    

 

As of December 31,

 

 

 

 

 

 

(M$)

 

2017

 

2016

 

2015

Total Associates

 

12,177

 

11,819

 

11,255

Total Joint ventures

 

4,791

 

4,039

 

3,751

Total

 

16,968

 

15,858

 

15,006

Loans

 

5,135

 

4,718

 

4,378

Total

 

22,103

 

20,576

 

19,384

 

 

 

 

 

 

 

 

Profit/(loss)

    

 

    

 

    

 

As of December 31,

 

 

 

 

 

 

(M$)

 

2017

 

2016

 

2015

Total Associates

 

1,694

 

1,530

 

2,004

Total Joint ventures

 

321

 

684

 

357

Total

 

2,015

 

2,214

 

2,361

 

 

 

 

 

 

 

 

Other comprehensive income

    

 

    

 

    

 

As of December 31,

 

 

 

 

 

 

(M$)

 

2017

 

2016

 

2015

Total Associates

 

(801)

 

847

 

139

Total Joint ventures

 

124

 

88

 

(19)

Total

 

(677)

 

935

 

120

 

Schedule of information related to associates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration & Production

 

Novatek(a)

 

Liquefaction entities

 

PetroCedeño

 

(M$)

    

2017

 

2016

 

2015

    

2017

 

2016

 

2015

    

2017

 

2016

 

2015

 

Non current assets

 

14,232

 

13,981

 

9,768

 

29,656

 

31,044

 

33,294

 

5,551

 

5,515

 

6,916

 

Current assets

 

3,404

 

2,409

 

2,237

 

7,875

 

5,790

 

7,427

 

4,291

 

4,166

 

3,437

 

Total Assets

 

17,636

 

16,390

 

12,005

 

37,531

 

36,834

 

40,721

 

9,842

 

9,681

 

10,353

 

Shareholder’s equity

 

12,842

 

11,015

 

6,745

 

22,804

 

22,886

 

25,941

 

5,178

 

5,515

 

5,538

 

Non current liabilities

 

3,187

 

3,574

 

3,014

 

10,291

 

10,839

 

9,373

 

13

 

10

 

10

 

Current liabilities

 

1,607

 

1,801

 

2,246

 

4,436

 

3,109

 

5,407

 

4,651

 

4,156

 

4,805

 

Total Liabilities

 

17,636

 

16,390

 

12,005

 

37,531

 

36,834

 

40,721

 

9,842

 

9,681

 

10,353

 

Revenue from sales

 

10,022

 

7,779

 

7,130

 

20,401

 

15,557

 

22,731

 

1,708

 

1,398

 

1,840

 

Net income

 

1,950

 

3,137

 

1,755

 

5,781

 

1,472

 

7,720

 

204

 

277

 

399

 

Other comprehensive income

 

580

 

1,651

 

(1,682)

 

 —

 

 —

 

 —

 

 —

 

 —

 

 —

 

% owned

 

18.90

%

18.90

%

18.90

%

 

 

  

 

  

 

30.32

%

30.32

%

30.32

%

Revaluation identifiable assets on equity affiliates

 

1,804

 

1,811

 

1,580

 

 6

 

 —

 

 —

 

 —

 

 —

 

 —

 

Equity value

 

4,231

 

3,893

 

2,855

 

3,768

 

3,755

 

4,183

 

1,570

 

1,672

 

1,679

 

Profit/(loss)

 

263

 

494

 

229

 

735

 

147

 

978

 

62

 

84

 

121

 

Share of Other Comprehensive Income, net amount

 

(491)

 

808

 

(135)

 

(194)

 

23

 

156

 

 —

 

 —

 

 —

 

Dividends paid to the Group

 

128

 

111

 

102

 

672

 

479

 

1,072

 

164

 

91

 

139

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Saudi Aramco Total

 

 

 

 

 

 

Refining & Chemicals

 

Refining & Petrochemicals

 

Qatar

(M$)

    

2017

 

2016

 

2015

    

2017

 

2016

 

2015

Non current assets

 

11,601

 

12,056

 

12,536

 

4,405

 

4,152

 

2,530

Current assets

  

2,021

 

1,531

 

960

 

1,696

 

1,404

 

968

Total Assets

  

13,622

 

13,587

 

13,496

 

6,101

 

5,556

 

3,498

Shareholder’s equity

  

2,424

 

2,302

 

2,011

 

3,200

 

3,393

 

2,803

Non current liabilities

  

9,029

 

9,466

 

9,873

 

1,895

 

1,349

 

356

Current liabilities

  

2,169

 

1,819

 

1,612

 

1,006

 

814

 

339

Total Liabilities

  

13,622

 

13,587

 

13,496

 

6,101

 

5,556

 

3,498

Revenue from sales

  

9,049

 

7,134

 

8,032

 

7,388

 

4,665

 

1,823

Net income

  

222

 

289

 

339

 

490

 

615

 

631

Other comprehensive income

  

20

 

 2

 

 —

 

80

 

(11)

 

 2

% owned

  

37.50

%

37.50

%

37.50

%

 

 

 

 

 

Revaluation identifiable assets on equity affiliates

  

 —

 

 —

 

 —

 

 —

 

 —

 

 —

Equity value

  

909

 

863

 

754

 

814

 

832

 

818

Profit/(loss)

  

83

 

108

 

127

 

190

 

211

 

208

Share of Other Comprehensive Income, net amount

  

(82)

 

22

 

77

 

(12)

 

 6

 

28

Dividends paid to the Group

  

45

 

 —

 

 —

 

201

 

292

 

248

 

Schedule of information related to joint ventures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liquefaction entities

 

Hanwha Total Petrochemicals

 

 

 

(Exploration & Production)

 

(Refining & Chemicals)

 

(M$)

    

2017

 

2016

 

2015

    

2017

 

2016

 

2015

    

Non current assets

 

59,422

 

47,014

 

35,341

 

3,989

 

3,454

 

3,543

 

Current assets excluding cash and cash equivalents

  

966

 

922

 

455

 

2,258

  

1,506

  

1,501

 

Cash and cash equivalents

  

1,258

 

703

 

501

 

283

  

473

  

240

 

Total Assets

  

61,646

 

48,639

 

36,297

 

6,530

  

5,433

  

5,284

 

Shareholder’s equity

  

4,037

 

2,961

 

1,840

 

3,612

  

2,947

  

2,609

 

Other non current liabilities

  

504

 

327

 

349

 

148

  

120

  

107

 

Non current financial debts

  

55,566

 

43,980

 

32,996

 

1,078

  

1,105

  

1,388

 

Other current liabilities

  

1,539

 

1,371

 

1,112

 

1,144

  

764

  

713

 

Current financial debts

  

 —

 

 —

 

 —

 

548

  

497

  

467

 

Total Liabilities

  

61,646

 

48,639

 

36,297

 

6,530

  

5,433

  

5,284

 

Revenue from sales

  

37

 

52

 

32

 

8,565

  

7,057

  

7,307

 

Depreciation and depletion of tangible assets and mineral interests

  

(10)

 

(12)

 

(14)

 

(264)

  

(259)

  

(247)

 

Interest income

  

16

 

 5

 

10

 

 —

  

 —

  

 —

 

Interest expense

  

(15)

 

(7)

 

(10)

 

(3)

  

(3)

  

(64)

 

Income taxes

  

338

 

(29)

 

(81)

 

(369)

  

(338)

  

(192)

 

Net income

  

(1,730)

 

449

 

279

 

973

  

930

  

514

 

Other comprehensive income

  

97

 

166

 

61

 

398

  

(79)

  

(186)

 

% owned

  

 

 

 

 

 

 

50.00

%

50.00

%

50.00

%

Revaluation identifiable assets on equity affiliates

  

905

 

905

 

965

 

 —

  

 —

  

 —

 

Equity value

  

2,049

 

1,555

 

1,355

 

1,806

  

1,474

  

1,305

 

Profit/(loss)

  

(348)

 

88

 

55

 

486

  

465

  

257

 

Share of Other Comprehensive Income, net amount

  

29

 

50

 

18

 

170

  

22

  

(75)

 

Dividends paid to the Group

  

 —

 

 —

 

 —

 

353

  

256

  

20

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

2015

As of December 31,

 

 

 

Joint

 

 

 

Joint

 

 

 

Joint

(M$)

    

Associates

    

ventures

    

Associates

    

Ventures

    

Associates

    

ventures

Non Current assets

 

2,908

 

2,428

 

3,047

 

1,971

 

3,491

 

2,005

Current assets

  

1,156

  

1,150

  

1,365

  

825

  

1,440

 

860

Total Assets

  

4,064

  

3,578

  

4,412

  

2,796

  

4,931

 

2,865

Shareholder’s equity

  

885

  

1,102

  

804

  

1,010

  

966

 

1,091

Non current liabilities

  

2,171

  

1,281

  

2,369

  

985

  

2,612

 

951

Current liabilities

  

1,008

  

1,195

  

1,239

  

801

  

1,353

 

823

Total Liabilities

  

4,064

  

3,578

  

4,412

  

2,796

  

4,931

 

2,865

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

2015

For the year ended December 31,

 

 

 

Joint

 

 

 

Joint

 

 

 

Joint

(M$)

    

Associates

    

ventures

    

Associates

    

Ventures

    

Associates

    

ventures

Revenues from sales

 

2,226

 

4,358

 

2,603

 

3,181

 

2,661

 

3,362

Net income

  

361

  

183

 

486

  

131

 

341

  

45

Share of other comprehensive income items

  

(22)

  

(75)

 

(12)

  

16

 

13

  

38

Equity value

  

885

  

936

 

804

  

1,010

 

966

  

1,091

Dividends paid to the Group

  

328

  

147

 

308

  

30

 

442

  

22

 

Schedule of financial assets available for sale

 

 

 

 

 

 

 

As of December 31, 2017

    

Carrying

    

Unrealized gain

    

Balance sheet

(M$)

 

amount

 

(loss)

 

value

Equity securities publicly traded in active markets

 

 8

 

42

 

50

Total equity securities publicly traded in active markets (a)

 

 8

 

42

 

50

BBPP

 

62

 

 —

 

62

BTC Limited

 

55

 

 —

 

55

DUNKERQUE LNG SAS

 

144

 

 —

 

144

Tellurian Investments Inc.

 

207

 

 —

 

207

Total Eren Holding SA(b)

 

285

 

 —

 

285

Greenflex(b)

 

76

 

 —

 

76

Other equity securities (unit value below $50 million)

 

848

 

 —

 

848

Total other equity securities (a)

 

1,677

 

 —

 

1,677

Other investments

 

1,685

 

42

 

1,727

 

 

 

 

 

 

 

 

As of December 31, 2016

    

Carrying

    

Unrealized gain

    

Balance sheet

(M$)

 

amount

 

(loss)

 

value

Areva

 

17

 

 —

 

17

Other equity securities publicly traded in active markets

  

 8

 

29

 

37

Total equity securities publicly traded in active markets(a)

  

25

 

29

 

54

BBPP

  

62

 

 —

 

62

BTC Limited

  

121

 

 —

 

121

DUNKERQUE LNG SAS

  

133

 

 —

 

133

Other equity securities (unit value below $50 million)

  

763

 

 —

 

763

Total other equity securities (a)

  

1,079

 

 —

 

1,079

Other investments

  

1,104

 

29

 

1,133

 

 

 

 

 

 

 

 

As of December 31, 2015

    

Carrying

    

Unrealized gain

    

Balance sheet

(M$)

 

amount

 

(loss)

 

value

Areva

 

22

 

 —

 

22

Other equity securities publicly traded in active markets

  

 9

 

28

 

37

Total equity securities publicly traded in active markets(a)

  

31

 

28

 

59

BBPP

  

62

 

 —

 

62

BTC Limited

  

121

 

 —

 

121

DUNKERQUE LNG SAS

  

116

 

 —

 

116

Other equity securities (unit value below $50 million)

  

883

 

 —

 

883

Total other equity securities (a)

  

1,182

 

 —

 

1,182

Other investments

  

1,213

 

28

 

1,241

 

(a)

Including cumulative impairments of $2,029 million in 2017, $1,633 million in 2016 and $949 million in 2015.

(b)

Acquistion made in the fourth quarter 2017 and to be consolidated in 2018.

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

 

 

 

 

 

 

 

As of December 31,

    

 

    

 

    

 

(M$)

 

2017

 

2016

 

2015

Balance sheet

  

 

  

 

  

 

Receivables

  

 

  

 

  

 

Debtors and other debtors

  

492

  

492

  

533

Loans (excl. loans to equity affiliates)

  

63

  

65

  

71

Payables

  

 

  

 

  

 

Creditors and other creditors

  

1,161

  

897

  

835

Debts

  

 2

  

 6

  

10

 

 

 

 

 

 

 

 

For the year ended December 31,

    

 

    

 

    

 

(M$)

 

2017

 

2016

 

2015

Statement of income

  

 

  

 

  

 

Sales

  

3,407

  

2,270

  

3,062

Purchases

  

(7,354)

  

(4,882)

  

(6,999)

Financial income

  

 6

  

 6

  

 6

Financial expense

  

(9)

  

 —

  

 —

 

Schedule of affiliates direct and indirect compensation

 

 

 

 

 

 

 

For the year ended December 31,

    

 

    

 

    

 

(M$)

 

2017

 

2016

 

2015

Number of people

  

15

  

14

  

14

Direct or indirect compensation

  

15.6

  

13.4

  

12.8

Pension expenses (a)

  

10.8

  

6.1

  

3.9

Share-based payments expense (IFRS 2) (b)

  

6.5

  

5.3

  

3.5

 

(a)   The change in the pension expenses in 2017 relates basically to the agreement on the transition from work to retirement in France for which the global impact has been booked in the Group’s accounts as of 30 June 2017. The benefits provided for executive officers of the Group and the members of the Board of Directors, employees of the Group, include severance to be paid on retirement, supplementary pension schemes and insurance plans, which represent $119.7 million provisioned as of December 31, 2017 (against $104.7 million as of December 31, 2016 and $96.7 million as of December 31, 2015).

(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.