Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

FMS

EY underspend is made up of $3.5m Wideband Global Satellite (WGS) slippage to FY 2011-12 and 12/13, $4.7m foreign exchange gains on USD payments, $2.5m DMO processes and $4.2m which is slippage of existing orders & activities that are not on contract.

(3.5)

Overseas Industry

(4.2)

Local Industry

Brought Forward

Cost Savings

(4.7)

FOREX Variation

(2.5)

Commonwealth Delays

189.3

174.4

(14.9)

Total Variance