Position of the Company within the Group
TOTAL S.A. is the Group’s parent company. As of December 31, 2014, there were 903 consolidated subsidiaries, of which 818 were fully consolidated and 85 were accounted for under the equity method.
The decision of TOTAL S.A.’s major subsidiaries to declare dividends is made by their relevant Shareholders’ Meetings and is subject to the provisions of applicable local laws and regulations. As of December 31, 2014, there is no restriction under such provisions that would materially restrict the distribution to TOTAL S.A. of the dividends declared by those subsidiaries.
The Group’s businesses are organized as indicated on the chart in point 8. of this chapter. The Group’s businesses receive assistance from Corporate divisions (Finance, Legal, Ethics, Insurance, Strategy & Business Intelligence, Human Resources and Communications) that are grouped within the parent company, TOTAL S.A.