Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

FMS

Post Portfolio Additional Estimates 2009-10, a reprogramming request was processed reducing the 2009-10 funding allocation by $8.963m to $46.6m from $55.5m and increasing the 2010-11 budget allocation by $8.963m.

Variance attributable to Local Industry delays as the final Contract Milestone 71 was substantially met and only partially paid with the remainder payable in 2010-11 when all remaining obligations under the Contract have been completed.

Overseas Industry

(1.5)

Local Industry

Brought Forward

Cost Savings

FOREX Variation

Commonwealth Delays

46.6

45.1

(1.5)

Total Variance