Payments for employees 022) 211) (148 (137 Superannuation 257) 462) (13 (11 Interest paid 655) 654) (5 (7 Grants and subsidies (22 021 042) (22 318 600) (a) (1 831 764) (1 722 226) Goods and services 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 (a) 318 238 794) Net borrowings (470 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 – 664 327 16 830 681 157 specific trusts 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
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
2014-15_financialreport.docx