External financing available
As of December 31, 2014, the aggregate amount of the major confirmed credit facilities granted by international banks to the Group’s companies (including TOTAL S.A.) was $11,064 million (compared to $11,581 million on December 31, 2013), of which $10,764 million were unused ($11,421 million unused as of December 31, 2013).
TOTAL S.A. has confirmed lines of credit granted by international banks, which are calculated to allow it to manage its short-term liquidity needs as required. As of December 31, 2014, these credit facilities amounted to $10,514 million (compared to $11,031 million on December 31, 2013), of which $10,514 million were unused ($11,031 million unused as of December 31, 2013).
The agreements for the lines of credit granted to TOTAL S.A. do not contain conditions related to the Company’s financial ratios, to its financial ratings from specialized agencies, or to the occurrence of events that could have a material adverse effect on its financial position.
Credit facilities granted to Group companies other than TOTAL S.A. are not intended to finance the Group’s general needs; they are intended to finance either the general needs of the borrowing subsidiary or a specific project.
As of December 31, 2014, no restrictions applied to the use of the Group companies’ capital (including TOTAL S.A.) that could significantly impact the Group’s activities, directly or indirectly.