Total funding for Defence in 2002-03 was $22,389m (see Table 1.6, serial 9). This comprised funding from the Government for outputs of $18,230m, an equity injection of $995m, own-source revenue of $387m, net capital receipts of $182m, as well as $2,595m in administered appropriations.
The actual result for 2002-03 was $487m higher than the projected result, comprising $129m in total departmental funding and $358m in the administered appropriation. Table 1.6 summarises the actual result for Defence in 2002-03 compared with the projected result which was published in the Portfolio Budget Statements 2003-04.
Administered items are those assets, liabilities, revenues and expenses controlled by the Government and managed or overseen by Defence on behalf of the Government. Details of administered activities and the comparison of actual financial results to budget projections are discussed later in this section.
Military superannuation benefits accounted for $277m of the total variation in the administered appropriation of $358m. This was as a result of the Australian Government Actuary's most recent assessment of military superannuation liability compared with previous estimates.