2.4 In-year Budget Expenditure Variance

Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

(3.2)

FMS

FMS case for the Air Warrior Aircrew Ensemble scope decreased and original forecast overstated. The major variance for the year is the delivery of Spares and Support & Test Equipment which is currently approx $60m underspent against forecast. The ARH training systems and modification program will also underspend due to redefinition of the scope of work.

Overseas Industry

(58.9)

Local Industry

Brought Forward

Cost Savings

FOREX Variation

(25.3)

Commonwealth Delays

262.1

174.7

(87.4)

Total Variance