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1. Head Office:
Total House,
4, Afribank
Street,
Victoria Island,
P. M. B. 2143, Lagos.
Tel: 234-01-2621780-9 and 4617041-4, 2600280-9
Fax: 234-01-2621810 & 2621811
Telex: 28826; 23764
Total Card: 234-01-4617044
2. Nature of Business:
Marketing of Petroleum Products
3. Date of Incorporation:
1st June, 1956
4. Date Listed on The Exchange:
20th April, 1979
5. NSE Classification:
Petroleum (Marketing)
6. Board of Directors:
Mr. Stanislas Mittelman (Chairman)
Mr.D. Thiolon (MD/CEO)
Engr. J. W. Adeyinka
Mr. A. Champeaux
Mr. N. Ben Hamida
Barr. Osifo Olusegun Akpata
Dr. (Mrs.) Cecilia A. O. Ibru
Ms. N. Rajmohamed
Alhaji A. Agoha (Alternate)
Engr. K. Ukonne
7. Company Secretary:
Barr. Osifo O. Akpata
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8. Auditors:
Akintola Williams Deloitte
(Chartered Accountants)
235 Ikorodu
Road, Ilupeju,
Lagos.
9. Company Registrars:
City Securities (Registrars) Limited
Primrose
Tower,
17a, Tinubu
Street, Lagos.
Tel: 234-01-2665944-53.
10.Foreign Affiliates
Total Outre Mer S. A. Paris
Total Raffinage Distribution S.A.
Elf Aquitaine, Paris
11. End of Accounting Year
31st December.
12. Number of Employees
483
13. Structure of Shareholdings:
Total Societe Anonyme -
45.24%
Elf Acquitaine S. A. -
16.48%
Enifor Limited - 8.12%
Nigerians Citizens & Associations - 30.16%
14.Capital Structure
i. Authorised: N169,761,919.00
ii.Paid-Up N169,761,919.00
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FIVE-YEAR FINANCIAL SUMMARY
CAPITAL &
RESERVES 2007 2006 2005 2004 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Share Capital 169,761 169,761 169,761 169,761 148,541
Capital reserve 263,436 263,436 263,436 263,436 263,436
Bonus issue reserve - - - - 21,220
General Reserve 5,905,747 5,332,557 3,698,621 3,309,038 3,585,831
------------- -------------- ------------- ------------ ------------
6,338,944 5,765,754 4,131,818 3,742,235 4,019,028
====== ====== ======= ====== ======
ASSETS EMPLOYED:
Fixed Assets 10,050,959 8,783,154 7,743,128 6,462,876 5,323,807
Investments 31 93 156 156 156
Long term prepayments 1,437,348 1,657,606 1,272,086 1,274,825 -
Net Current Assets/(liabilities) (2,303,385) (2,024,484) (2,226,318) (1,727,345) 455,856
Long term liabilities (2,846,009) (2,650,615) (2,657,234) (2,268,277) (1,760,791)
------------ ------------ ------------ ----------- -----------
6,338,944 5,765,754 4,131,818 3,742,235 4,019,028
======= ======= ======= ====== ======
TURNOVER AND PROFITS:
Turnover 137,339,503 126,573,956 126,722,103 95,011,773 66,752,889
======= ======= ======= ====== ======
Profit Before Taxation 4,828,795 3,249,040 4,819,729 4,505,225 4,322,949
Profit After Taxation 3,255,410 2,516,693 3,615,040 2,778,904 2,684,256
Dividends 3,225,458 882,757 3,225,457 3,055,697 2,673,738
Profit retained for the year 2,202,892 1,633,936 389,583 - 10,518
Earnings
Per 50k share (actual)
(Naira) 9.59 7.41 10.65 8.18 9.04
Dividend
Per 50k share (actual)
(Naira) 9.50 7.40 9.50 9.00 9.00
Net assets
Per 50k share (actual)
(Naira) 18.67 16.98 18.17 11.02 11.84
Dividend cover (times) 1.01 1.00 1.12 0.91 1.00
------------- -------------- ------------- ------------ ------------
NOTE:
Earnings and dividend per
share are based on profit after tax and the number of ordinary shares of
50k in issue at the end of each financial year. Net assets per share are
based on the number of ordinary shares of 50k in issue at the end of each
financial year. Interim dividend of N3.10 (2006 - N2.60) was paid during
the year. A final dividend of N6.40 (206 - N4.80) was proposed for the year
ended 31 December 2007.
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