2.3 In-year Budget Expenditure Variance 

Estimate $m

Actual $m

Variance $m

Variance Factor FMS

Explanation

 

 

 

FMS

Variation is due the net of: LLC: delays in a range of deliverables and activities now rescheduled to FY 11/12, including Integrated Logistic Support spares and support equipment, contract plans, user handbooks, and engineering drawings and plans. LLT: Early delivery and acceptance of wheel rims. MHC: Rescheduling of contract negotiation activities due to delay in the down selection decision and lower than planned costs for External Service Providers.

 

 

 

Overseas Industry

 

 

(9.4)

Local Industry

 

 

 

Brought Forward

 

 

 

Cost Savings

 

 

 

FOREX Variation

 

 

(9.2)

Commonwealth Delays

77.1

58.5

(18.6)

Total Variance