1st Quarter
Special Payment/
£ Component
219,796,898
2nd Quarter
3rd Quarter
4th Quarter
§ Component
245,231,125
Total KS
465,028,023
139,412
75,455
214,667
240,058,277
254,547, 133
494,605,410
220,579,930
243,427,125
464,007,055
229,187,270*
224,290,561
453,477,631
Add in effect
of exceptional
45,155,465
reimbursement
Total
954,917,252
45,155,465
967,571,399
1,922,488,651
7
Purchase of binoculars and camera lens
Includes
contract.)
£589,000 at $14.53 rolled over from 3rd Quarter
Reconciliation
3.
Thus total expenditure in 1992-93 would have been
$1,922,438,651 compared with the approved estimate of $1,653,234,000, the difference being $269,254,651. The three
factors which account for this difference, and the amount
of the difference which they explain, are as follows
key
-
(a)
Inapplicability of Underspend
$ million
86.23
factor (Note 1)
(b)
Adverse exchange rate (Note 2)
64.32
(c)
Underestimate by HQBF
118.70
Note 1
Note 2
269.25
Assume £ at $13.5 as used in estimates
Difference between $13.5 and the actual
price
paid for £. Also includes effect
on reimbursement item.
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