Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

FMS

The year to date variance is attributed to the early completion and payment of milestones 82 and 85 Build Sequence 1 and 2 for LHD 2 which has been brought forward from 2011-12. The project has also experienced a FOREX gain of $5.8m.

65.5

Overseas Industry

Local Industry

Brought Forward

Cost Savings

FOREX Variation

Commonwealth Delays

497.8

557.5

59.7

Total Variance