Shaw 2011 Annual Report Download - page 124

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Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2011, 2010 and 2009
[all amounts in thousands of Canadian dollars except share and per share amounts]
The accrued benefit liability is included in other long-term liabilities.
The asset allocation of the plans at August 31, 2011 is as follows:
% of plan
assets
Equity securities 57
Fixed income securities 40
Other 3
100
Disaggregation of the Company’s funded pension plans to show the funded statuses at
August 31, 2011 is as follows:
Accrued benefit
obligation
$
Plan assets
$
Surplus (deficit)
$
Pension plans with assets in excess of accrued
benefit obligations 9,297 9,429 132
Pension plans with accrued benefit obligations in
excess of assets 110,076 100,015 (10,061)
119,373 109,444 (9,929)
The tables below show the significant weighted-average assumptions used to measure the
pension obligation and cost for these plans.
Accrued benefit obligation
2011
%
Discount rate 5.75
Rate of compensation increase 4.00
Benefit cost for the year
2011
%
Discount rate 5.65
Expected return on plan assets 6.70
Rate of compensation increase 3.70
120