Siemens 2013 Annual Report Download - page 205

253 D. Consolidated Financial Statements
357 E. Additional Information
245 C. Compensation Report, Corporate Governance
statement pursuant to Section a of the
German Commercial Code, Takeover-relevant
information and explanatory report
246 C. Siemens AG ( Discussion on basis of
German Commercial Code)
250 C. Notes and forward-looking statements

Other intangible assets increased to €. billion as of Sep-
tember  compared to €. billion a year earlier. The in-
crease is due mainly to the acquisitions mentioned above,
partly offset by amortization and impairments.
Property, plant and equipment decreased by € million year-
over-year. Additions in fiscal  were more than offset by re-
tirements, depreciation and impairments and negative curren-
cy translation effects.
Investments accounted for using the equity method de-
creased year-over-year by €. billion. The main factor was
the sale of our % share in NSN to its other shareholder,
Nokia Corporation.
The line item Other financial assets increased to €. billion
as of September ,  compared to €. billion a year
earlier. The change was due primarily to higher loans receiv-
able driven by the growth strategy at SFS and to the recogni-
tion of our .% stake in OSRAM after the spin-off, partly off-
set by a decrease in the non-current portion of the fair market
values of financial derivatives used for our hedging activities.
(in millions of €)
September ,
 
Short-term debt and current
maturities of long-term debt 1,944 3,826
Trade payables 7,599 8,036
Other current financial liabilities 1,515 1,460
Current provisions 4,485 4,750
Current income tax liabilities 2,151 2,204
Other current liabilities 19,701 20,302
Liabilities associated with assets
classified as held for disposal 473 2,049
Total current liabilities 37,868 42,627
Short-term debt and current maturities of long-term debt de-
creased by €. billion as of September ,  compared to
the end of the prior fiscal year. The main factors in the de-
crease were the redemption of €. billion in fixed-rate-instru-
ments and a US$. billion floating-rate term loan, partly offset
by reclassifications of long-term €. billion in .% p.a. in-
struments due in June  and € million in .% p.a.
instruments due in September .
The decrease of € million in the line item Trade payables
was due primarily to negative currency translation effects.
The main factor of the decrease in the line item Other current
liabilities to €. billion as of September ,  from
€. billion a year earlier was a decrease in billings in ex-
cess of costs and estimated earnings on uncompleted con-
tracts and related advances.
Liabilities associated with assets classified as held for disposal
decreased to € million as of September ,  from
€. billion a year earlier. The main factor was lower liabili-
ties due to OSRAM’s spin-off.
(in millions of €)
September ,
 
Long-term debt 18,509 16,880
Post-employment benefits 9,265 9,801
Deferred tax liabilities 504 494
Provisions 3,907 3,908
Other financial liabilities 1,184 1,083
Other liabilities 2,074 2,034
Total non-current liabilities 35,443 34,200
Long-term debt increased by €. billion as of September ,
, due mainly to the issuance of €. billion in .% p.a.
instruments, €. billion in .% p.a. instruments, US$
million in .% p.a. instruments, two bilateral US$ million
floating-rate term loans, US$ million in floating-rate instru-
ments and US$ million in .% p.a. fixed-rate instruments.
These issuances were partly offset by the above-mentioned
reclassification in the line item Short-term debt and current
maturities of long-term debt.