Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

FMS

ASC invoice for June not received and minor slippages in work conducted during FCD have contributed to the under spend this FY.

Overseas Industry

(3.2)

Local Industry

Brought Forward

Cost Savings

FOREX Variation

Commonwealth Delays

16.9

13.7

(3.2)

Total Variance