Date

Description

Base Date $m

Current $m

Contractor

Notes

2.2 Project Expenditure History

Prior to Jul 10

189.5

ASC Pty Ltd

109.8

Other

8

299.3

FY to Jun 11

13.2

ASC Pty Ltd

0.5

Other

9

13.7

Jun 11

Total Expenditure

313.0

Jun 11

Remaining Budget

98.4

Notes

1

Transfer from SEA 1439 Phase 1B.

2

Implementation of a reliable and sustainable Platform (full scope).

3

Transfer to SEA 1439 Phase 4A as part of initial approval.

4

Administrative Savings harvest.

5

Skilling of Australia's Defence Industry harvest.

6

RCI of $7.499m for Special Forces modification to an additional Collins Class submarine.

7

Up until July 2010, indexation was applied to project budgets on a periodic basis. The cumulative impact of this approach was $66.7m. In addition to this amount, the impact on the project budget as a result of out-turning was a further $7.7m having been applied to the remaining life of the project.

8

Other expenditure comprises $54m against multiple minor contracts with Defence companies (including Australian companies). These companies provide goods and services to support the various activities being undertaken by this project. Specific examples of significant expenditure include $14m with Thales for the Underwater Telephone and the Towed Array Handling System. It includes $12m to L3 Nautronix Ltd for the underwater communications system (HAIL) and sonobuoy (Pasor). $5m was also paid to Societe Technique Energy Atomique for the Propulsion Control Reference System (PCRS). Remaining expenditure relates to general operating expenditure including contractor and consultancy services associated with the delivery of this project.

9

Other expenditure comprises: operating expenditure, contractors, consultants, contingency, and other capital expenditure not attributable to ASC under the TLSA.