Estimate
$m

Actual $m

Variance
$m

Variance Factor

Explanation

FMS

The year end forecast underspend is due to the transfer of residual HUG Phase 3.2 expenses to sustainment under the HSACP.

Overseas Industry

Local Industry

Brought Forward

(6.3)

Cost Savings

FOREX Variation

Commonwealth Delays

16.9

10.6

(6.3)

Total Variance