XML 528 R35.htm IDEA: XBRL DOCUMENT v3.25.1
Equity affiliates, other investments and related parties (Tables)
12 Months Ended
Dec. 31, 2024
Equity affiliates, other investments and related parties  
Schedule of equity affiliates in facing financials

Equity value

As of December 31,

(M$)

    

2024

    

2023

    

2022

Total Associates

 

10,387

 

9,484

 

9,533

Total Joint ventures

 

17,485

 

16,411

 

14,623

TOTAL

 

27,872

 

25,895

 

24,156

Loans

 

6,533

 

4,562

 

3,733

TOTAL

 

34,405

 

30,457

 

27,889

Profit/(loss)

    

    

    

(M$)

    

2024

    

2023

    

2022

Total Associates

 

1,213

 

1,132

 

(4,567)

Total Joint ventures

 

362

 

713

 

2,675

TOTAL

 

1,575

 

1,845

 

(1,892)

Other comprehensive income

    

    

    

(M$)

    

2024

    

2023

    

2022

Total Associates

 

112

 

(57)

 

3,368

Total Joint ventures

 

(358)

 

(151)

 

129

TOTAL

 

(246)

 

(208)

 

3,497

Schedule of information related to associates

Liquefaction entities

Novatek(a)

Exploration & Production activities (M$)

    

2024

2023

    

2022

    

2022

Non-current assets

 

31,698

43,875

 

41,995

 

 

Current assets

 

7,531

5,850

 

8,333

 

 

TOTAL ASSETS

 

39,229

49,725

 

50,328

 

 

Shareholder’s equity

 

23,078

35,755

 

19,565

 

 

Non-current liabilities

 

10,024

8,692

 

23,019

 

 

Current liabilities

 

6,127

5,278

 

7,744

 

 

TOTAL LIABILITIES

 

39,229

49,725

 

50,328

 

 

Revenues from sales

 

23,407

26,288

 

35,888

 

 

Net income

 

6,732

6,896

 

10,257

 

 

Other comprehensive income

 

 

 

 

% owned

 

19.40

%

Equity value

 

4,017

4,070

 

3,312

 

 

Including goodwill and identifiable assets

35

38

40

Profit/(loss)

 

762

825

 

(338)

 

(5,747)

 

Share of other comprehensive income, net amount

 

34

(22)

 

(70)

 

3,118

 

Dividends paid to TotalEnergies

 

820

1,052

 

1,224

 

883

 

(a)

Information includes the best Company’s estimates of results at the date of TotalEnergies’ financial statements.

Renewables and Electricity activities

Adani Green Energy Limited        

(M$)

    

2024

    

2023

    

2022

Non-current assets

10,936

7,887

6,961

Current assets

1,264

1,091

769

TOTAL ASSETS

12,200

8,978

7,730

Shareholder’s equity

1,137

965

807

Non-current liabilities

8,175

5,712

5,805

Current liabilities

2,888

2,301

1,118

TOTAL LIABILITIES

12,200

8,978

7,730

Revenues from sales

1,049

1,061

1,073

Net income

184

162

104

Other comprehensive income

(13)

5

(112)

% owned

19.74

%

19.74

%

19.74

%

Equity value

1,863

1,877

1,856

including goodwill and identifiable assets

1,639

1,687

1,697

Profit/(loss)

36

32

21

Share of other comprehensive income, net amount

9

3

23

Dividends paid to TotalEnergies

Saudi Aramco Total

Refining & Chemicals activities

Refining & Petrochemicals

Qatar

(M$)

    

2024

    

2023

    

2022

    

2024

    

2023

    

2022

Non-current assets

12,023

 

9,780

 

10,003

 

2,562

 

2,882

 

3,905

Current assets

  

3,446

 

2,584

 

3,615

 

1,971

 

2,000

 

2,491

TOTAL ASSETS

  

15,469

 

12,364

 

13,618

 

4,533

 

4,882

 

6,396

Shareholder’s equity

  

4,062

 

3,527

 

3,858

 

2,781

 

2,748

 

2,737

Non-current liabilities

  

6,899

 

5,850

 

6,365

 

654

 

835

 

2,062

Current liabilities

  

4,508

 

2,987

 

3,395

 

1,098

 

1,299

 

1,597

TOTAL LIABILITIES

  

15,469

 

12,364

 

13,618

 

4,533

 

4,882

 

6,396

Revenues from sales

  

14,601

 

12,994

 

20,492

 

9,422

 

9,506

 

13,193

Net income

  

66

 

584

 

2,409

 

338

 

203

 

629

Other comprehensive income

  

(32)

 

(59)

 

284

 

13

 

(7)

 

(5)

% owned

  

37.50

%

37.50

%

37.50

%

Equity value

  

1,523

 

1,323

 

1,447

 

670

 

665

 

703

including goodwill and identifiable assets

Profit/(loss)

  

25

 

219

 

903

 

88

 

78

 

161

Share of other comprehensive income, net amount

  

34

 

(46)

 

147

 

10

 

(7)

 

10

Dividends paid to TotalEnergies

  

150

 

321

 

 

83

 

145

 

138

Schedule of information related to joint ventures

Liquefaction entities

GIP III Zephyr

Hanwha TotalEnergies

(Integrated LNG)

(Integrated

Petrochemical Co.Ltd

Power)

(Refining & Chemicals)

(M$)

    

2024

    

2023

    

2022

    

2024

    

2023

2022

2024

    

2023

    

2022

Non-current assets

59,764

 

62,461

 

65,293

14,258

 

13,111

12,406

3,373

3,959

4,113

Current assets excluding cash and cash equivalents

  

5,390

 

2,832

 

2,630

366

375

370

1,530

  

2,089

  

2,326

Cash and cash equivalents

  

5,184

 

4,690

 

4,375

813

 

1,313

1,116

348

  

113

  

82

TOTAL ASSETS

  

70,338

 

69,983

 

72,298

15,437

 

14,799

13,892

5,251

  

6,161

  

6,521

Shareholder’s equity - Group share

  

25,231

 

20,438

 

17,455

539

 

604

296

2,467

  

2,963

  

3,146

Shareholder's equity - Non controlling interests

2,756

1,912

2,548

Other non-current liabilities

  

11,822

 

10,399

 

10,785

1,645

 

1,460

1,285

148

  

174

  

180

Non-current financial debts

  

29,565

 

36,144

 

41,452

9,538

 

9,598

8,808

1,017

  

858

  

1,220

Other current liabilities

  

1,707

 

3,002

 

2,606

380

 

414

496

873

  

1,137

  

1,117

Current financial debts

  

2,013

 

 

579

 

811

459

746

  

1,029

  

858

TOTAL LIABILITIES

  

70,338

 

69,983

 

72,298

15,437

 

14,799

13,892

5,251

  

6,161

  

6,521

Revenues from sales

  

17,212

 

17,605

 

24,701

1,609

 

1,452

351

8,616

  

8,754

  

10,824

Depreciation and depletion of tangible assets and mineral interests

  

(2,899)

 

(2,700)

 

(2,814)

(490)

 

(460)

(129)

(278)

  

(281)

  

(289)

Interest income

  

55

 

32

 

17

37

 

40

5

  

  

Interest expense

  

(2,901)

 

(3,146)

 

(2,453)

(357)

 

(315)

(95)

(80)

  

(67)

  

(47)

Income taxes

  

(2,656)

 

(1,798)

 

(2,804)

(15)

 

(8)

  

10

  

(65)

Net income

  

4,986

 

5,122

 

12,791

135

 

83

(36)

(136)

  

(28)

  

123

Non-controlling interests

180

(126)

219

Other comprehensive income

  

(76)

 

(52)

 

526

 

(2)

(361)

  

(105)

  

(189)

% owned

  

50.00

%

50.00

%

50.00

%

50.00

%

50.00

%

50.00

%

Equity value

  

5,996

 

4,941

 

4,315

2,241

 

2,283

2,356

1,234

  

1,482

  

1,573

including goodwill and identifiable assets

  

392

 

430

 

465

1,971

(a)

1,981

2,208

  

  

Profit/(loss)

  

1,061

 

1,058

 

2,616

58

 

29

(18)

(68)

  

(14)

  

62

Share of other comprehensive income, net amount

  

(20)

 

(14)

 

137

 

(1)

(176)

  

(69)

  

(59)

Dividends paid to TotalEnergies

  

37

 

418

 

1,166

100

 

100

46

  

25

  

162

(a)Goodwill represents the valuation of this entity’s ability to generate future projects in the field of renewable energy and amounts to M$1,755 as of December 31, 2024.
Schedule of main aggregated financial items in equity consolidated affiliates not presented individually

2024

2023

2022

As of December 31,

Joint

Joint

Joint

(M$)

    

Associates

    

ventures

    

Associates

    

ventures

    

Associates

    

ventures

Non-current assets

5,198

15,929

4,692

13,224

5,818

11,281

Current assets

  

1,349

  

2,524

  

1,214

  

2,988

  

1,582

  

2,742

TOTAL ASSETS

  

6,547

  

18,453

  

5,906

  

16,212

  

7,400

  

14,023

Shareholder’s equity - TotalEnergies share

  

1,107

  

6,604

  

814

  

4,625

  

1,354

  

3,894

Shareholder’s equity - Non controlling interests

(2)

75

140

Non-current liabilities

  

4,618

  

9,605

  

4,388

  

8,798

  

5,180

  

7,375

Current liabilities

  

822

  

2,246

  

704

  

2,714

  

866

  

2,614

TOTAL LIABILITIES

  

6,547

  

18,453

  

5,906

  

16,212

  

7,400

  

14,023

2024

2023

2022

For the year ended December 31,

Joint

Joint

Joint

(M$)

    

Associates

    

ventures

    

Associates

    

ventures

    

Associates

    

ventures

Revenues from sales

2,981

6,476

 

2,026

7,451

 

2,338

7,026

Net income

  

330

  

(666)

 

4

  

(279)

 

486

  

454

Non-controlling interests

1

(64)

Share of other comprehensive income items

  

25

  

(162)

 

14

  

(67)

 

139

  

52

Equity value

  

2,314

  

8,016

 

1,549

  

7,705

 

2,216

  

6,379

Profit/(Loss)

302

(689)

(22)

(359)

434

15

Dividends paid to TotalEnergies

  

296

  

106

 

323

  

120

 

469

  

63

Schedule of other investments

    

As of

    

    

    

As of

As of December 31, 2024

January 1,

Increase -

Change in

December 31,

(M$)

2024

Decrease

fair value

2024

Next Decade Corporation

214

132

346

Other shares at fair value through other comprehensive income (unit value < $50M)

 

141

 

12

 

12

 

165

Equity instruments recorded at fair value through other comprehensive income

 

355

 

12

 

144

 

511

BTC Limited

 

5

 

 

 

5

OGCI Climate Investments Holdings LLP

50

7

(1)

56

Nordian CPO (renamed TotalEnergies Charging Services España SL)(a)

70

(70)

Other shares at fair value through profit or loss (unit value < $50M)

 

1,063

 

6

 

24

 

1,093

Equity instruments recorded at fair value through profit or loss

 

1,188

 

(57)

 

23

 

1,154

TOTAL EQUITY INSTRUMENTS

 

1,543

 

(45)

 

167

 

1,665

(a)

Nordian CPO has been consolidated in 2024

As of

As of

As of December 31, 2023

    

January 1,

    

Increase -

    

Change in

    

December 31,

(M$)

2023

    

Decrease

    

fair value

2023

Next Decade Corporation

  

219

(5)

214

Other shares at fair value through other comprehensive income (unit value < $50M)

  

119

 

28

 

(6)

 

141

Equity instruments recorded at fair value through other comprehensive income

  

119

 

247

 

(11)

 

355

BTC Limited

5

 

 

 

5

Hubei Cathay Smart Energy Fund

54

(54)

OGCI Climate Investments Holdings LLP

34

14

2

50

Nordian CPO (renamed TotalEnergies Charging Services España SL)

 

70

 

 

70

Other shares at fair value through profit or loss (unit value < $50M)

  

839

 

250

 

(26)

 

1,063

Equity instruments recorded at fair value through profit or loss

  

932

 

280

 

(24)

 

1,188

Total equity instruments

  

1,051

 

527

 

(35)

 

1,543

As of

As of

As of December 31, 2022

January 1,

    

Increase -

    

Change in

    

December 31,

(M$)

    

2022

    

Decrease

    

fair value

2022

Enphase Energy Inc.

  

457

(579)

122

Other shares at fair value through other comprehensive income (unit value < $50M)

  

116

 

13

 

(10)

 

119

Equity instruments recorded at fair value through other comprehensive income

  

573

 

(566)

 

112

 

119

BTC Limited

14

(9)

5

Hubei Cathay Smart Energy Fund

36

 

7

 

11

 

54

OGCI Climate Investments Holdings LLP

35

(1)

34

Other shares at fair value through profit or loss (unit value < $50M)

  

1,002

 

(89)

 

(74)

 

839

Equity instruments recorded at fair value through profit or loss

1,052

(47)

(73)

932

Total equity instruments

  

1,625

 

(613)

 

39

 

1,051

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

As of December 31,

    

    

    

(M$)

2024

2023

2022

Balance sheet

  

  

  

Receivables

  

  

  

Debtors and other debtors

  

876

  

1,144

  

1,231

Loans (excl. loans to equity accounted for affiliates)

  

428

  

232

  

184

Payables

  

  

  

Creditors and other creditors

  

1,324

  

1,068

  

1,610

Debts

  

1

  

1

  

5

For the year ended December 31,

(M$)

    

2024

    

2023

    

2022

Statement of income

  

  

  

Sales

  

5,408

  

7,222

  

6,806

Purchases

  

(13,424)

  

(15,574)

  

(25,656)

Financial income

  

13

  

3

  

3

Financial expense

  

(6)

  

(5)

  

(9)

Schedule of affiliates direct and indirect compensation

For the year ended December 31,

    

    

    

(M$)

    

2024

    

2023

    

2022

Number of people

  

12

  

11

  

11

Direct or indirect compensation

  

16.1

  

13.9

  

12.4

Pension expenses (a)

  

1.1

  

3.5

  

1.9

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

  

13.1

  

8.7

  

7.7

(a)

The benefits provided for Executive Officers of the Company and the members of the Board of Directors who are employees of the Company include severance to be paid upon retirement, supplementary pension schemes and insurance plans, which represent a commitment of $72.6 million as of December 31, 2024 (against $82.9 million as of December 31, 2023 and $64.3 million as of December 31, 2022). Converted into Euros, this commitment amounts to €69.9 million as of December 31, 2024 (against €75 million as of December 31, 2023 and €60.3 million as of December 31, 2022). The decrease of the commitment is mainly due to the increase in the discount rate despite the changes among the number executives (two new entries and one retirement).

(b)

Share-based payments expense computed for the Executive Officers and the members of the Board of Directors who are employees of TotalEnergies and based on the principles of IFRS 2 “Share-based payments” described in Note 9.