Table:
|  | As at 31 March |  |
| --- | --- | --- |
|  | 2019 | 2018 |
|  | (S$ million) | (S$ million) |
| Current assets | 7,078 | 6,759 |
| Non-current assets | 41,837 | 41,737 |
| Total assets | 48,915 | 48,496 |
| Current liabilities | 8,794 | 8,429 |
| Non-current liabilities | 10,311 | 10,355 |
| Total liabilities | 19,105 | 18,784 |
| Net assets | 29,810 | 29,712 |
| Share capital | 4,127 | 4,127 |
| Retained earnings | 27,513 | 27,269 |
| Currency translation reserve (1) | (1,768) | (1,284) |
| Other reserves | (35) | (376) |
| Equity attributable to shareholders | 29,838 | 29,737 |
| Non-controlling interests and other reserve | (28) | (26) |
| Total equity | 29,810 | 29,712 |
Paragraphs:
SUMMARY STATEMENTS OF FINANCIAL POSITION
Note: (1) ‘Currency translation reserve’ relates mainly to the translation of the net assets of foreign subsidiaries, associates and joint ventures of the Group denominated mainly in Australian Dollar, Indian Rupee, Indonesian Rupiah, Philippine Peso, Thai Baht and United States Dollar.
The Group’s financial position remains healthy. 

The Group’s financial position remains healthy.
Total assets were stable with additions from the acquisitions of Videology assets and equity interest in Airtel Africa offset by the translation impact from a weaker Australian Dollar. Total liabilities increased on higher trade payables related to handset leasing and network investments. 

Total assets were stable with additions from the acquisitions of Videology assets and equity interest in Airtel Africa offset by the translation impact from a weaker Australian Dollar. Total liabilities increased on higher trade payables related to handset leasing and network investments.
Currency translation losses increased mainly due to the weaker Australian Dollar and Indian Rupee against the Singapore Dollar from a year ago when translating the Group’s investments in Optus and Airtel.
Question:
Why did currency translation losses increase?