Movements included in investing and financing activities Net gain/loss from sale of investments (1 257.5) (823.9) (20.2) (2.7) Net gain/loss from sale of plant and equipment (11.7) 6.9 (32.1) 25.0 Realised gains/losses on borrowings 53.7 59.8 .. .. Movements in assets and liabilities Increase/(decrease) in provision for doubtful debts (11.9) 15.9 (6.7) 21.7 Increase/(decrease) in payables 488.8 65.1 376.1 (447.2) Increase/(decrease) in employee benefits 367.6 112.6 339.3 86.0 Increase/(decrease) in superannuation 243.5 230.9 244.9 241.3 Increase/(decrease) in other provisions 1 583.8 1 112.3 168.5 51.9 (Increase)/decrease in receivables (414.2) (25.6) (607.5) 54.0 (Increase)/decrease in other nonfinancial assets 142.9 (62.8) (2.6) (99.9) Net cash flows from operating activities 5 652.7 6 856.2 3 819.0 3 942.5 Note: June 2014 comparative figures have been restated. See Note 37.
Payments for employees (148 022) (137 211) Superannuation (13 257) (11 462) Interest paid (5 655) (7 654) Grants and subsidies (22 021 042) (22 318 600) Goods and services (a) (1 831 764) (1 722 226) Net cash flows from operating activities (a) 715 215 83 856 Cash flows from investing activities Purchase of nonfinancial assets (a) (8 275) (59 439) Sales of nonfinancial assets 80 682 62 495 Net proceeds from customer loans (5 372) (17 896) Other investing activities (129 116) (78 591) Net cash flows from investing activities (a) (62 081) (93 431) Cash flows from financing activities Net borrowings (a) 318 238 (470 794) Net cash flows from financing activities (a) 318 238 (470 794) Net increase/(decrease) in trust fund cash and deposits 971 373 (480 369) Note: (a) June 2014 comparative figures have been reclassified to reflect more current information. Note 39: Public account disclosure (continued) (d) Reconciliation of cash flows to balances held ($ thousand) Balances Net Balances held at movement held at 30 June 2014 for year 30 June 2015 Cash and deposits Cash balances outside the Public Account 378 313 691 Deposits held with the Public Account – specific trusts 550 118 255 943 806 060 Other balances held in the Public Account 2 493 795 903 595 3 397 389 Total cash and deposits 3 044 291 1 159 850 4 204 141 Investments Investments held with Victorian Funds Management Corporation – specific trusts 664 327 16 830 681 157 Total investments 664 327 16 830 681 157 Total fund balances 3 708 618 1 176 680 4 885 298 Less funds held outside the Public Account Cash 378 313 691 Total fund balances held outside the Public Account 378 313 691 Total funds held in the Public Account (a) 3 708 240 1 176 367 4 884 607 Note: (a) See Note 39 (f) for details of securities and investments including amounts held in the Public Account on behalf of trust accounts. (e) Trust fund summary for the financial year ended 30 June ($ thousand) Balances Balances
Victorian Civil and Administrative Tribunal Act 53 of 1998, Section 17AA 14 691 14 691 .. Total special appropriations (excluding Financial Management Act, No. 18 of 1994 Section 33) 155 886 155 886 .. Annual appropriations Provision of outputs Provision of outputs – net application 231 430 226 627 .. Section 29 Financial Management Act, No. 18 of 1994 68 602 68 602 .. Advance to Treasurer 2 009 2 009 .. Total provision of outputs – gross application 302 041 297 238 .. Additions to the net asset base Additions to the net asset base – net application 5 235 .. .. Advance to Treasurer 55 55 .. Total additions to the net asset base – gross application 5 290 55 .. Total annual appropriations gross application 307 331 297 293 .. Total Parliamentary authority (excluding Financial Management Act, No. 18 of 1994 Section 33) 463 217 453 179 .. Amounts issued under the authority of the Financial Management Act, No. 18 of 1994, Section 33 (Special Appropriation) relating to prior year appropriations .. .. .. Total Parliamentary authority 463 217 453 179 .. Note 39: Public account disclosure (continued) (z) Government guarantee Details of payments made in fulfilment of any guarantee by the Government There have been no payments made during 201415 in fulfilment of any guarantee by the Government. Money received or recovered in respect of any guarantee payments There has been no money recovered during 201415 in respect of any guarantee payments. Note 40: Glossary of technical terms The following is a summary of the major technical terms used in this report as sourced from the Uniform Presentation Framework (2008). Technical terms that have been discussed in Note 1 are excluded from the list below.