Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

FMS

The Project had ended the financial year with a minor $0.260k underspend against the 2010-11 Additional Estimates exercise which represents minor reprogramming of work into the next financial year.

Overseas Industry

(0.3)

Local Industry

Brought Forward

Cost Savings

FOREX Variation

Commonwealth Delays

41.4

41.1

(0.3)

Total Variance