2.3 In-year Budget Expenditure Variance

Estimate
$m

Actual $m

Variance
$ m

Variance Factor

Explanation

 

 

 

FMS

Variance is primarily due to the reprogramming of several Prime Contract related milestones into the next FY ($13.3m), EVM replanning due to the program temporarily ceasing aircraft acceptance ($22.4m), partial suspension of subcontract work on the FFMS contract ($14.8m), reduced spares, Support & Test Equipment ($9.3m) and reduced price variation due to disagreement in calculation methodology ($4.7m)

 

 

 

Overseas Industry

 

 

(64.5)

Local Industry

 

 

 

Brought Forward

 

 

 

Cost Savings

 

 

 

FOREX Variation

 

 

 

Commonwealth Delays

326.0

261.5

(64.5)

Total Variance