Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

FMS

The variance of ($1.2m) is due to the negation of Project Administrative activities ($0.7m) and reprogramming of C-17 Support Equipment ($0.7m) procurements, inclusive of a FOREX gain of $0.2m, associated with the Flight Line Security System (ExTASS) contract and its associated payments.

Overseas Industry

Local Industry

Brought Forward

Cost Savings

0.2

FOREX Variation

(1.4)

Commonwealth Delays

6.7

5.4

(1.2)

Total Variance