Date

Description

Base Date $m

Current $m

Contractor

Notes

2.2 Project Expenditure History

Prior to Jul 10

979.2

1,012.1

Airbus Military

40.1

40.1

Other

6

1,019.3

1,052.2

FY to Jun 11

206.1

257.1

Airbus Military

18.4

18.4

Other

7

224.5

275.5

Jun 11

Total Expenditure 

1,243.8

1,327.7

Jun 11

Remaining Budget

543.7

500.8

Notes

1

Defence Capability direction re currency mix at approval and Government decisions.

2

Administrative Savings harvest.

3

Skilling Australia's Defence Industry harvest.

4

Transfer to DSG for delivery of MRTT infrastructure at RAAF Amberley and at other RAAF bases.

5

Up until July 2010, indexation was applied to project budgets on a periodic basis. The cumulative impact of this approach was $473.9m. In addition to this amount, the impact on the project budget as a result of out-turning was a further $10.2m having been applied to the remaining life of the project.

6

Other expenditure comprises: operating expenditure, contractors, consultants, contingency, other capital expenditure not attributable to the aforementioned prime contract and minor contract expenditure. The major component of this amount includes $8.6m paid for Tanker Hire costs associated with the delay to the program.

7

Other expenditure comprises: operating expenditure, contractors, consultants, contingency, other capital expenditure not attributable to the aforementioned prime contract and minor contract expenditure. The major component of this amount includes $1m for travel and $1.5m for training and related travel.