Table:
|  |  | Sep 30, |  |
| --- | --- | --- | --- |
| (in millions of €) | 2019 | 2018 | % Change |
| Cash and cash equivalents | 12,391 | 11,066 | 12 % |
| Trade and other receivables | 18,894 | 18,455 | 2 % |
| Other current financial assets | 10,669 | 9,427 | 13 % |
| Contract assets | 10,309 | 8,912 | 16 % |
| Inventories | 14,806 | 13,885 | 7 % |
| Current income tax assets | 1,103 | 1,010 | 9 % |
| Other current assets | 1,960 | 1,707 | 15 % |
| Assets classified as held for disposal | 238 | 94 | 154 % |
| Total current assets | 70,370 | 64,556 | 9 % |
| Goodwill | 30,160 | 28,344 | 6 % |
| Other intangible assets | 9,800 | 10,131 | (3) % |
| Property, plant and equipment | 12,183 | 11,381 | 7 % |
| Investments accounted for using the equity method | 2,244 | 2,579 | (13) % |
| Other financial assets | 19,843 | 17,774 | 12 % |
| Deferred tax assets | 3,174 | 2,341 | 36 % |
| Other assets | 2,475 | 1,810 | 37 % |
| Total non-current assets | 79,878 | 74,359 | 7 % |
| Total assets | 150,248 | 138,915 | 8 % |
Paragraphs:
A.5 Net assets position
Our total assets at the end of fiscal 2019 were influenced by positive currency translation effects of € 4.0 billion (mainly goodwill), primarily involving the U. S. dollar.
The increase in other current financial assets was driven by higher loans receivable at SFS, which were mainly due to new business and reclassification of non-current loans receivable from other financial assets. While higher loans receivable and receivables from finance leases from new business at SFS contributed also to growth in other financial assets, a large extent of the overall increase resulted from increased fair values of derivative financial instruments.
Inventories increased in several industrial businesses, with the build-up most evident at SGRE, Mobility and Siemens Healthineers.
Assets classified as held for disposal increased mainly due to reclassification of two investments from investments accounted for using the equity method.
The increase in goodwill included the acquisition of Mendix.
Deferred tax assets increased mainly due to income tax effects related to remeasurement of defined benefits plans.
The increase in other assets was driven mainly by higher net defined benefit assets from actuarial gains.
Question:
What caused the increase in the other financial assets?
Answer: The increase in other current financial assets was driven by higher loans receivable at SFS, which were mainly due to new business and reclassification of non-current loans receivable from other financial assets.