Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

(8.0)

FMS

Variance is as a result of foreign exchange gains on four quarterly FMS payments made through 2009/10, offset by a higher than expected June 2010 quarterly FMS payment required to align with US FMS policy. Further variability was due to delays associated with an FMS purchase for aircraft bomb racks and other Project activity not occurring as programmed.

Overseas Industry

Local Industry

56.8

Brought Forward

Cost Savings

(58.8)

FOREX Variation

(5.0)

Commonwealth Delays

965.2

950.2

(15.0)

Total Variance