Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

(4.5)

FMS

At initial budget development stage information to hand suggested FMS payments would be required during the 2010-11 financial year. However this was not the case as US Government disbursements were less than expected.

Overseas Industry

Local Industry

Brought Forward

Cost Savings

FOREX Variation

Commonwealth Delays

6.2

1.7

(4.5)

Total Variance