Table 1 - Project Budaet Status

Project 

Second Pass Budget $m134

Price Indexation $m135

Foreign Exchange $m136

Scope Changes $m137

Transfers $m138

Budgetary Adjustments $m139

Budgetary Cost Savings $m140

Net Variation %141

Current Budget $m

AWD Ships

7,207.4

1,173.2

(448.8)

-

-

-

-

0.0

7,931.8

Wedgetail

3,269.5

994.52141

(437.9)

225.6

(18.9)

(173.2)

-

-5.3%

3,859.6

MRH90 Helicopters

957.2

679.8

(241.3)

2,597.0

(239.0)

-

-

0.0%

3,753.7

Super Hornet

3,728.2

391.2

(400.4)

-

(33.3)

-

(107.2)

0.0%

3,578.5

Overlander Vehicles

2,745.3

746.8

(217.9)

(14.8)

4.5

-

-

0.0%

3,263.9

LHD Ships

2,959.9

426.9

(273.5)

-

9.3

-

-

0.0%

3,122.6

Joint Strike Fighter

2,751.6

351.0

(435.8)

-

-

-

-

0.0%

2,666.8

ARH Tiger Helicopters

1,584.0

418.2

149.1

-

(84.3)

(6.7)

-

-0.4%

2,060.3

Hornet Upgrade

1,300.0

323.5

41.0

221.5

35.0

(3.4)

-

-0.3%

1,917.5

C-17 Heavy Airlift

1,864.4

124.0

(139.6)

-

-

-

-

0.0%

1,848.9

Air to Air Refuel

2,076.6

484.1

(443.1)

-

(135.5)

(153.6)

-

-7.4%

1,828.5

FFG Upgrade

1,392.5

215.6

74.2

-

(152.6)

(0.8)

-

-0.1%

1,528.9

Hornet Refurb

156.6

158.8

(36.6)

673.6

-

(1.1)

-

-0.7%

951.3

Bushmaster Vehicles

295.0

124.6

(5.2)

515.4

-

-

-

0.0%

929.8

Next Gen Satellite

884.9

132.4

(136.4)

-

-

-

-

0.0%

880.9

HF Modernisation

505.0

148.1

12.2

11.0

(4.7)

(0.8)

-

-0.2%

670.8

SM-2 Missile

552.6

127.9

(66.4)

-

 

(2.1)

-

-0.4%

612.0

Additional Chinook

638.0

46.5

(99.9)

-

-

-

-

0.0%

584.6

Armidales

436.8

74.5

(12.1)

67.1

(29.8)

0.7

-

0.2%

537.2

Anzac ASMD 2B

248.8

76.1

(11.6)

-

148.7

-

-

0.0%

462.0

Collins RCS

455.3

56.5

(59.7)

-

(0.9)

(0.8)

-

-0.2%

450.4

Hw Torpedo

238.1

99.4

(126.3)

213.3

1.0

(0.2)

-

-0.1%

425.4

Collins R&S

72.0

74.4

(6.2)

310.3

(38.3)

(0.8)

-

-1.1%

411.4

UHF SATCOM

461.0

(3.1)

(50.7)

-

-

-

-

0.0%

407.2

Anzac ASMD 2A

449.0

101.3

0.9)

-

(159.8)

(0.1)

-

0.0%

389.5

Stand Off Weapon

370.7

62.1

(39.5)

(50.0)

-

-

-

0.0%

343.3

155mm Howitzer

348.2

17.2

(39.3)

-

-

-

-

0.0%

326.1

Battle Comm. Sys.

333.9

14.7

(22.6)

-

-

-

 

0.0%

325.9

Total

38,282.5

7,640.2

(3,475.2)

4,770.0

(698.6)

(342.9)

(107.2)

-0.9%

46,068.7




____________________________________________________________________

134  The portion of Second Pass (or equivalent) budget approved by Government, transferred to the DMO under a MAA with Defence for delivery of the materiel system.

135  The total of price indexation variations between Second Pass budget and the current budget.

136  The total of foreign exchange variations between Second Pass budget and the current budget.

137  The total value of all Government approved project scope changes between Second Pass budget and the current budget.

138  The total of all transfers to and from other Defence Groups (eg. Defence Support Group) and DMO projects.

139  The total of all other budgetary adjustments (administrative in nature) outside of price indexation, foreign exchange, scope and transfer variations between Second Pass budget and the current budget.

140  The total of cost savings attributed to any negotiated foreign military sales or commercial contracts. These funds have been handed back to the Defence Portfolio.

141  Net variation accounts for budgetary movements outside of price indexation, foreign exchange, Government approved scope changes and transfer variations to the Second Pass budget as a percentage.

142  Of the $994.5m, $388.1m of this relates to a real cost increase for contract price indexation beyond the supplementation provided by Government.