EX-99.3 4 ex993.htm CAPITALIZATION AND INDEBTEDNESS

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 December 31, 2018, prepared on the basis of IFRS. Currency amounts are expressed in U.S. dollars ("dollars" or "$") or in euros ("euros" or "€").

At December 31,
2018

(in millions of dollars)

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

Current portion of non-current financial debt

4,990

Current financial debt

8,316

Current portion of financial instruments for interest rate swaps liabilities

295

Other current financial instruments — liabilities

183

Financial liabilities directly associated with assets held for sale

Total current financial debt

13,784

Non-current financial debt

40,129

Non-controlling interests

2,474

Shareholders’ equity

Common shares

8,227

Paid-in surplus and retained earnings

120,569

Currency translation adjustment

(11,313

)

Treasury shares

(1,843

)

Total shareholders’ equity — Group share

115,640

Total capitalization and non-current indebtedness

158,243

As of December 31, 2018, TOTAL S.A. had an authorized share capital of 3,669,077,772 ordinary shares with a par value of €2.50 per share, and an issued share capital of 2,640,602,007 ordinary shares (including 32,473,281 treasury shares from shareholders’ equity).

As of December 31, 2018, approximately $1,870 million of the Group’s non-current financial debt was secured and approximately $37,579 million was unsecured, and all of the Group’s current financial debt of $8,316 million was unsecured. As of December 31, 2018, 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 of the Notes to TOTAL’s audited Consolidated Financial Statements in its Annual Report on Form 20-F for the year ended December 31, 2017, filed with the Securities and Exchange Commission on March 16, 2018.

Except as disclosed herein, there have been no material changes in the consolidated capitalization, indebtedness and contingent liabilities of TOTAL since December 31, 2018.