Siemens 2006 Annual Report Download - page 133

Management’s discussion and analysis 129
Long-term assets at the respective balance sheet dates were as follows:
In fiscal 2006, Goodwill increased by €846 million, primarily due to the acquisition of DPC.
Total long-term assets at the end of fiscal 2006 remained on the same level with the prior year
but also include effects from reclassifying the carrier and enterprise businesses as held for
disposal. For further information see “Notes to Consolidated Financial Statements.”
The table below shows current and long-term liabilities at the respective balance sheet
dates. Given the reclassification of Com’s carrier and enterprise businesses as held for disposal
in fiscal 2006, in particular Accounts payable, Accrued liabilities and Other current liabilities
for those businesses are now included in Liabilities held for disposal:
Short-term debt and current maturities of long-term debt totaled €2.175 billion at the end of
fiscal 2006, a decrease of €1.824 billion from the prior year-end. This decrease mainly results
from the redemption of the outstanding amount of €1.6 billion of the 5% euro-denominated
bond, which was due on July 4, 2006, as well as from repayment under commercial paper pro-
grams in fiscal 2006, and was partly balanced by a reclassification of current maturities of
long-term debt. As of September 30, 2006, no amount under commercial paper programs was
outstanding compared to a total of €1.484 billion as of September 30, 2005. Liabilities held for
disposal included €749 million related to liabilities, which were reclassified from non-current
to current.
Management’s discussion and analysis
September 30,
(€ in millions) 2006 2005
Long-term investments 3,922 3,768
Goodwill 9,776 8,930
Other intangible assets, net 3,243 3,107
Property, plant and equipment, net 12,072 12,012
Deferred income taxes 4,983 6,233
Other assets 5,366 5,264
Total long-term assets 39,362 39,314
September 30,
(€ in millions) 2006 2005
Short-term debt and current maturities of long-term debt 2,175 3,999
Accounts payable 8,444 10,171
Accrued liabilities 9,126 10,1 76
Deferred income taxes 516 1,938
Liabilities held for disposal 5,545 289
Other current liabilities 13,151 13,058
Total current liabilities 38,957 39,631
Long-term debt 13,399 8,436
Pension plans and similar commitments 4,101 4,917
Deferred income taxes 450 427
Other accruals and provisions 4,058 5,028
Total long-term liabilities 22,008 18,808