2.4  In-year Budget Expenditure Variance

Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

 

 

10.8

FMS

The $10.8m of additional expenditure was a direct result of an increase in production effort.

 

 

 

 

 

Overseas Industry

 

 

 

 

 

 

 

Local Industry

 

 

 

 

 

 

 

Brought Forward

 

 

 

 

 

 

 

Cost Savings

 

 

 

 

 

 

 

FOREX Variation

 

 

 

 

 

 

 

Commonwealth Delays

 

 

34.7

45.5

10.8

Total Variance