11. Economic Dependency
The normal trading activities of the Company depend on the access charge revenue and lease income arising from the provision of critical infrastructure assets for the maintenance of the Collins Class submarines and construction of the AWDs and OPVs. The dependencies existed for all of the financial year for the maintenance of the Collins Class submarines and the construction of the OPVs, with the AWD Program completing in March 2020. Access charge revenue from ASCSB relating to the construction of the Hunter Class frigates commenced from 1 April 2020 and will increase over the next financial year in line with the staged occupancy of buildings in the greenfield and brownfield yards.
The Company is dependent on the Commonwealth for funding of major projects, being the OSDP and the ONDP for the 2020 financial year and the ONDP for the foreseeable future.