Table 2.1 - Project Budget Status

Project

Second Pass Budget $m175

Price Indexation $m176

Foreign Exchange $m177

Scope Changes $m178

Transfers $m179

Budgetary Adjustments $m180

Budgetary Cost Savings $m181

Net Variation, %182

Current Budget $m

AWD Ships

7,207.4

1,173.2

(448.8)

-

-

-

-

0.0%

7,931.8

Wedgetail

3,269.5

994.5183

(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




____________________________________________________________________

175 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.

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

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

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

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

180 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.

181 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.

182 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.

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