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Estimate $m |
Actual $m |
Variance $m |
Variance Factor |
Explanation |
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The projects in-year expenditure is substantially lower than previous years and lower than forecast at project outset due to delivery of C-17 aircraft ahead of contracted schedule and at lower-than-anticipated prices. The variance of - $2.6m is primarily attributable to lower than anticipated project procurement and operating costs. |
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Overseas Industry |
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Local Industry |
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Brought Forward |
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Cost Savings |
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FOREX Variation |
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(2.6) |
Commonwealth Delays |
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8.1 |
5.5 |
(2.6) |
Total Variance |