2.5 End of Financial Year Total Project Expenditure Variance Attribution

Variance

Variance Factor

Explanation

352.0

FMS

The FMS variation is due to acceleration of US Navy activities resulting in contracts being signed earlier than originally forecast. The Commonwealth variation is due an FMS equity buy-in for spares and repairable parts.

33.0

Commonwealth Delays

(9.9)

FOREX Variation

375.1

Total Variance