Sep 30,
(in millions of €)
2019
2018
% Change
Short-term debt and current maturities of long-term debt
6,034
5,057
19 %
Trade payables
11,409
10,716
6 %
Other current financial liabilities
1,743
1,485
17 %
Contract liabilities
16,452
14,464
14 %
Current provisions
3,682
3,931
(6) %
Current income tax liabilities
2,378
3,102
(23) %
Other current liabilities
9,023
9,118
(1) %
Liabilities associated with assets classified as held for disposal
2
1
54 %
Total current liabilities
50,723
47,874
6 %
Long-term debt
30,414
27,120
12 %
Provisions for pensions and similar obligations
9,896
7,684
29 %
Deferred tax liabilities
1,305
1,092
19 %
Provisions
3,714
4,216
(12) %
Other financial liabilities
986
685
44 %
Other liabilities
2,226
2,198
1 %
Total non-current liabilities
48,541
42,995
13 %
Total liabilities
99,265
90,869
9 %
Debt ratio
66 %
65 %
Total equity attributable to shareholders of Siemens AG
48,125
45,474
6 %
Equity ratio
34 %
35 %
Non-controlling interests
2,858
2,573
11 %
Total liabilities and equity
150,248
138,915
8 %

text: A.6.1 Capital structure
text: The increase in short-term debt and current maturities of long-term debt was due mainly to reclassifications of long-term euro and U. S. dollar instruments totaling € 3.9 billion from longterm debt. This was partly offset by € 3.3 billion resulting from the repayment of U. S. dollar instruments.
text: The decrease in current income tax liabilities was driven mainly by the reversal of income tax provisions outside Germany and tax payments in the context of the carve-out activities related to Siemens Healthineers.
text: Long-term debt increased due primarily to the issuance of euro instruments totaling € 6.5 billion and currency translation effects for bonds issued in the U. S. dollar. This was partly offset by the above-mentioned reclassifications of euro and U. S. dollar instruments.
text: The increase in provisions for pensions and similar obligations was due mainly to a lower discount rate. This effect was partly offset by a positive return on plan assets, among other factors.
text: The main factors for the increase in total equity attributable to shareholders of Siemens AG were € 5.2 billion in net income attributable to shareholders of Siemens AG; the re-issuance of treasury shares of € 1.6 billion; and positive other comprehensive income, net of income taxes of € 0.4 billion, resulting mainly from positive currency translation effects of € 1.8 billion, partly offset by negative effects from remeasurements of defined benefit plans of € 1.1 billion. This increase was partly offset by dividend payments of € 3.1 billion (for fiscal 2018) and the repurchase of 13,532,557 treasury shares at an average cost per share of € 99.78, totaling € 1.4 billion (including incidental transaction charges).

Questions:
question: What caused the increase in short-term debt and current maturities of long-term debt 
answer: The increase in short-term debt and current maturities of long-term debt was due mainly to reclassifications of long-term euro and U. S. dollar instruments totaling € 3.9 billion from longterm debt. This was partly offset by € 3.3 billion resulting from the repayment of U. S. dollar instruments.
question: What caused the decrease in current income tax liability?
answer: The decrease in current income tax liabilities was driven mainly by the reversal of income tax provisions outside Germany and tax payments in the context of the carve-out activities related to Siemens Healthineers.
question: What caused the long-term debt to increase?
answer: Long-term debt increased due primarily to the issuance of euro instruments totaling € 6.5 billion and currency translation effects for bonds issued in the U. S. dollar. This was partly offset by the above-mentioned reclassifications of euro and U. S. dollar instruments.
question: What were the average trade payables in 2019 and 2018?
answer: 11062.5
derivation: (11,409 + 10,716) / 2
scale: million
question: What is the increase / (decrease) in total current liabilities from 2018 to 2019?
answer: 2849
derivation: 50,723 - 47,874
scale: million
question: What is the percentage increase / (decrease) in total liabilities and equity from 2018 to 2019?
answer: 8.16
derivation: 150,248 / 138,915 - 1
scale: percent