The Department for International Development’s (DFID) £91 million end of year flexibility (EYF) consists of £75.5 million resource and £15.1 million capital.
Of the £75.5 million resource, £63.5 million is near cash and £12 million non-cash. We keep a small non-cash EYF stock to manage fluctuations in International Finance Institutions’ (IFI) capital charges.
The £63.5 million near cash resource EYF stock represents about 1.5 per cent. of DFID resource outturn in 2006-07 and represents a prudent end-year operating margin.
The £15.1 million capital EYF has been drawn down and utilised during 2007-08.