Table:
| Financial Assets | As of December 31, |  |
| --- | --- | --- |
|  | 2018 | 2019 |
|  | NT$ | NT$ |
|  | (In Thousands) | (In Thousands) |
| Financial assets at fair value through profit or loss | $12,084,297 | $14,021,473 |
| Financial assets at fair value through other comprehensive income | 11,585,477 | 14,723,232 |
| Financial assets measured at amortized cost |  |  |
| Cash and cash equivalents (excludes cash on hand) | 83,655,648 | 95,486,403 |
| Receivables | 24,583,451 | 26,459,392 |
| Refundable deposits | 2,757,399 | 2,600,733 |
| Other financial assets | 2,320,037 | 2,353,066 |
| Total | $136,986,309 | $155,644,299 |
| Financial Liabilities | As of December 31, |  |
|  | 2018 | 2019 |
|  | NT$ | NT$ |
|  | (In Thousands) | (In Thousands) |
| Financial liabilities measured at amortized cost |  |  |
| Short-term loans | $13,103,808 | $12,015,206 |
| Payables | 23,559,548 | 27,433,065 |
| Guarantee deposits (current portion included) | 665,793 | 296,694 |
| Bonds payable (current portion included) | 41,378,182 | 38,781,416 |
| Long-term loans (current portion included) | 30,826,215 | 33,902,074 |
| Lease liabilities (Note) | — | 6,031,025 |
| Other financial liabilities | 20,523,099 | 20,093,441 |
| Total | $130,056,645 | $138,552,921 |
Paragraphs:
Note: The Company adopted IFRS 16 on January 1, 2019. The Company elected not to restate prior periods in accordance with the transition provision in IFRS 16.
Financial risk management objectives and policies
The Company’s risk management objectives are to manage the market risk, credit risk and liquidity risk related to its operating activities. The Company identifies, measures and manages the aforementioned risks based on policy and risk preference.
The Company has established appropriate policies, procedures and internal controls for financial risk management. Before entering into significant financial activities, approval process by the Board of Directors and Audit Committee must be carried out based on related protocols and internal control procedures. The Company complies with its financial risk management policies at all times.
Question:
What is the increase / (decrease) in the Short-term loans from 2018 to 2019?
Answer: 12015206 - 13103808 = -1088602