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.