2.4 In-Year Budget Expenditure Variance

Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

FMS

A cost saving of $0.1m has been identified against DMS Contract Change Proposal Production Costs. The remaining variation of $6.3m relates to the retirement of risk payments associated with:

• the Through Life Support pre-payment; and

• excess store consumption.

Overseas Industry

Local Industry

Brought Forward

(6.4)

Cost Savings

FOREX Variation

Commonwealth Delays

13.0

6.6

(6.4)

Total Variance