Siemens 2007 Annual Report Download - page 155

Management’s discussion and analysis 155
Management’s discussion and analysis
Long-term assets at the respective balance sheet dates for fi scal 2007 and 2006
were as follows:
In fi scal 2007, the net increase in goodwill and other intangible assets primar-
ily related to acquisitions and purchase accounting adjustments with an offset-
ting effect from the reclassifi cation of SV. For further information see “Notes to
Consolidated Financial Statements.”
The net decrease in property, plant and equipment results from the reclassifi -
cation of SV assets into assets held for disposal.
The total decrease in current assets and the increase in long-term assets were
mainly related to the transfer of assets of approximately €5 billion, classifi ed as
held for disposal, of the carrier-related operations of the former Com Group into
NSN during fi scal 2007, as well as acquisitions that caused a reduction in cash and
cash equivalents and an increase in long-term assets.
The table below shows current and long-term liabilities at the respective bal-
ance sheet dates:
September 30,
(€ in millions) 2007 2006
Goodwill 12,501 9,689
Other intangible assets 4,619 3,385
Property, plant and equipment 10,555 12,072
Investments accounted for using the equity method 7,016 2,956
Other fi nancial assets 5,561 5,042
Deferred tax assets 2,594 3,657
Other assets 777 713
Total long-term assets 43,623 37,514
September 30,
(€ in millions) 2007 2006
Short-term debt and current maturities of long-term debt 5,637 2,175
Trade payables 8,382 8,443
Other current fi nancial liabilities 2,553 1,929
Current provisions 3,581 3,859
Income tax payables 2,141 1,582
Other current liabilities 17,058 15,591
Liabilities associated with assets classifi ed as held for disposal 4,542 5,385
Total current liabilities 43,894 38,964
Long-term debt 9,860 13,122
Pension plans and similar commitments 2,780 5,083
Deferred tax liabilities 580 184
Provisions 2,103 1,858
Other fi nancial liabilities 411 248
Other liabilities 2,300 2,174
Total long-term liabilities 18,034 22,669