Estimate $m | Actual $m | Variance $m | Variance Factor | Explanation |
|
|
| Rescheduling of project requirements with procurements tracking below forecasted funding. Foreign Exchange gains have had an affect on Year End outcome. The variation in this rescheduled overseas industry payments also includes anticipated exchange rate gains. There have been some delays in various minor procurements without impact on schedule resulting in a AUD price saving to Defence. | |
(2.3) | Overseas Industry | |||
(0.8) | Local Industry | |||
| Brought Forward | |||
(0.6) | Cost Savings | |||
(1.6) | FOREX Variation | |||
(0.6) | Commonwealth Delays | |||
27.9 | 22.0 | (5.9) | Total Variance |