Date

Description

Base Date $m

Current $m

Contractor

Notes

2.2 Project Expenditure History

Prior to Jun10

868.2

952.1

BAE Systems

54.0

59.2

Other

7

922.18

1,011.3

FY to Jun 11

472.6

541.1

BAE Systems

14.4

16.4

Other

8

487.0

557.5

Jun 11

Total Expenditure

1,409.2

1,568.9

Jun 11

Remaining Budget

1,558.4

1,553.7

Notes

1

This project's original DMO budget amount is that prior to achieving Second Pass Government approval.

2

In the 2009-10 MPR, an amount of 0.1m was reported as a Real Variation due to a Budgetary Adjustment for an Administration savings harvest. It should have been rounded to 0.0m and is therefore no longer being reported.

3

To fund a risk reduction activity for the Project to obtain design data and develop designs to meet Australian essential requirements.

4

First Pass approval.

5

Transfer of funding for technical studies from DSTO.

6

Up until July 2010, indexation was applied to project budgets on a periodic basis. The cumulative impact of this approach was $350m. In addition to this amount, the impact on the project budget as a result of out-turning was a further $78.4m having been applied to the remaining life of the project.

7

For base date calculations against "Other" expenditure, calculations have been made using a proportional adjustment. This proportional adjustment involves the average between base date calculation of the disclosed major contract(s) and their constant price and applying to the "Other" expenditure.

8

Other expenditure comprises: Operating Expenditure, Offer Definition, Consultants, Foreign Military Sales, Contractor Support and Minor Capital expenditure not attributable to the Prime contract. For base date calculations against "Other" expenditure, calculations have been made using a proportional adjustment. This proportional adjustment involves the average between base date calculation of the disclosed major contract(s) and their constant price and applying to the "Other" expenditure.