Siemens 2014 Annual Report Download - page 211

247 D. Consolidated Financial Statements
337 E. Additional Information
213 C. Overall assessment of the economic position
214 C. Subsequent events
215 C. Sustainability and citizenship
225 C. Report on expected developments and
associated material opportunities and risks
242 C. Compensation Report and legal disclosures
242 C. Siemens AG (Discussion on basis
of German Commercial Code)

Goodwill decreased slightly to € . billion as of Septem-
ber ,  compared to € . billion a year earlier. The
decrease was mainly related to goodwill in the Metals Techno-
logies, Hospital Information System and Microbiology busi-
nesses, which were classified as assets classified as held for
disposal. This decrease was nearly offset by positive currency
translation effects.
Other intangible assets decreased to € . billion as of Sep-
tember , , compared to € . billion a year earlier. The
major factor in the decrease was amortization.
Investments accounted for using the equity method decreased
by €  million year-over-year. The main factor was the classi-
fication of our stake in BSH as assets classified as held for dis-
posal, partly offset by an investment in the joint venture re-
lated to the TurboCare Business Unit within Energy.
The line item Other financial assets increased to € . billion
as of September ,  compared to € . billion a year ear-
lier. The change was due primarily to higher loans receivable
driven by planned asset growth at SFS in fiscal  and also to
a minor extent positive currency effects.
(in millions of €)
September ,
 
Short-term debt and current
maturities of long-term debt 1,620 1,944
Trade payables 7,594 7,599
Other current financial liabilities 1,717 1,515
Current provisions 4,354 4,485
Current income tax liabilities 1,762 2,151
Other current liabilities 17,954 19,701
Liabilities associated with assets
classified as held for disposal 1,597 473
Total current liabilities 36,598 37,868
Short-term debt and current maturities of long-term debt de-
creased by €  million year-over-year. The main factors in the
decrease were the redemption of € . billion in . % p.a.
instruments and €  million in . % p.a. instruments,
partly offset by the issuance of commercial paper.
Other current liabilities decreased to € . billion as of Sep-
tember ,  from € . billion a year earlier. The main
factors were a decrease in billings in excess of costs and esti-
mated earnings on uncompleted contracts and related ad-
vances, mainly in Energy and Industry, and, to a lesser extent,
lower personnel-related liabilities. The decrease in Industry re-
lated primarily to the Metals Technologies business, where lia-
bilities were classified as liabilities associated with assets clas-
sified as held for disposal.
Liabilities associated with assets classified as held for disposal
increased to € . billion as of September ,  from
€  million a year earlier. The main factor in the increase was
the above-mentioned classification of liabilities associated
within Metals Technologies business.
(in millions of €)
September ,
 
Long-term debt 19,326 18,509
Post-employment benefits 9,324 9,265
Deferred tax liabilities 552 504
Provisions 4,071 3,907
Other financial liabilities 1,620 1,184
Other liabilities 1,874 2,074
Total non-current liabilities 36,767 35,443
Long-term debt increased by €  million as of September ,
, compared to the prior year, due mainly to positive cur-
rency translation effects and the issuance of US$  million in
privately placed floating-rate instruments.