2.2 Project Expenditure History

Date

Description

Base Date $m

Current $m

Contractor

Notes

2.2 Project Expenditure History

 

 

 

 

 

Prior to Jul 10

 

 

194.9

 

US Government Initial MOU US Government Follow on MOU Other

 

 

 

 

13.4

 

 

 

 

 

58.9

 

 

 

 

 

 

267.2

 

 

FY to Jun 11

 

 

0.0

 

US Government Initial MOU US Government Follow on MOU Other

5

 

 

 

13.0

 

 

 

 

4.8

 

 

 

 

 

17.8

 

 

 

 

 

 

 

 

 

Jun 11

Total Expenditure

 

 

285.0

 

 

 

 

 

 

 

 

 

Jun 11

Remaining Budget

 

 

140.3

 

 

 

 

 

 

 

 

 

Notes

1

Heavyweight Torpedoes purchase under Armament Co-operative Project with the US.

2

Transfer from SEA 1429 PH1.

3

Administrative Savings Harvest.

4

Up until July 2010, indexation was applied to project budgets on a periodic basis.  The cumulative impact of this approach was $91.5m. In addition to this amount, the impact on the project budget as a result of out-turning was a further $7.9m having been applied to the remaining life of the project.

5

US Government Initial MOU is in the process of being closed and has no expenditure for FY 10/11.