Cogeco 2004 Annual Report Download - page 49

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Cogeco Cable Inc. 2004 47
13 EMPLOYEES FUTURE BENEFITS (continued)
The following table provides a reconciliation of the change in the plans’ benefit obligations and plan assets at fair value and a statement
of the funded status as at August 31:
(amounts are in thousands of dollars) 2004 2003
$$
Accrued benefit obligation
Accrued benefit obligation at beginning of year 6,469 5,453
Current service cost 355 286
Interest cost 388 404
Contributions by plan participants 133 132
Benefits paid (192) (210)
Actuarial loss (gain) on obligation (679) 404
Accrued benefit obligation at end of year 6,474 6,469
Plan assets at fair value
Plan assets at fair value at beginning of year 3,887 3,560
Actual return on plan assets 283 221
Contributions by plan participants 133 132
Employer contributions 450 184
Benefits paid (192) (210)
Plan assets at fair value at end of year 4,561 3,887
Funded Status
Plan assets at fair value 4,561 3,887
Accrued benefit obligation 6,474 6,469
Plans deficit 1,913 2,582
Net actuarial losses not recognized (865) (1,635)
Net accrued benefit liability 1,048 947
The accrued benefit liability is included in the Corporation’s balance sheet under pension plan liabilities and accrued employee benefits.
(amounts are in thousands of dollars) 2004 2003
$$
Defined benefit pension costs
Current service cost 355 286
Interest cost 388 404
Actual return on plan assets (283) (221)
Difference between expected return and actual return on plan assets (9) (41)
Amortization of net actuarial loss 99 72
Net periodic benefit cost 550 500