Shaw 2013 Annual Report Download - page 116

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S
haw
C
ommunications Inc
.
N
O
TE
S
T
OCO
N
SO
LIDATED FINAN
C
IAL
S
TATEMENT
S
August 31, 2013 and 201
2
[all amounts in millions of Canadian dollars exce
p
t share and
p
er share amounts
]
accordance with the provisions of the Pension Benefits Standards Act and Regulations. Th
e
re
g
ulations set out minimum standards for fundin
g
the
p
lans
.
The table below shows the chan
g
e in the benefit obli
g
ations, chan
g
e in fair value of
p
lan asset
s
and the
f
unded status o
f
these de
fi
ned bene
fi
t
p
lans
.
2013
$
2012
$
A
ccrued bene
fi
t obl
ig
at
i
on, be
gi
nn
i
n
g
o
fy
ea
r
1
4
9
119
Cu
rr
e
n
tse
rv
ice cost
5
4
Interest cost
7
7
Em
p
lo
y
ee contr
i
but
i
on
s
1
1
Payment o
f
bene
fi
ts to employee
s
(
7
)
(6)
Remeasurements:
E
ff
ect o
f
chan
g
es
i
n demo
g
ra
p
h
i
c assum
p
t
i
on
s
5
Effect of chan
g
es in financial assum
p
tions
(
4)
2
2
E
ff
ect o
f
exper
i
ence ad
j
ustment
s
(
4
)
2
A
ccrued bene
fi
t obl
i
gat
i
on, end o
f
yea
r
152
1
4
9
Fa
i
r value o
f
plan assets, beg
i
nn
i
ng o
f
yea
r
116
109
Em
p
lo
y
er contributions 13 10
Employee contribution
s
1
1
Interest
i
ncom
e
6
7
Payment of benefi
t
(
7) (6)
A
dm
i
n
i
strat
i
ve ex
p
enses
p
a
i
d
f
rom
p
lan asset
s
(1)
(1)
Return on plan assets, excluding interest income
5
(4)
Fair value of plan assets, end of yea
r
1
3
3
116
A
ccrued benefit liability and plan deficit, end of year 19 33
The we
ig
hted avera
g
e durat
i
on o
f
the de
fi
ned bene
fi
t obl
ig
at
i
on at Au
g
ust
31
,
2013 i
s
1
5.
5
years.
The plan assets at August
31
,
2013
are compr
i
sed o
fi
nvestments
i
n pooled
f
unds as
f
ollows
:
$
Equity – Canadia
n
3
6
E
q
u
i
t
y
– Fore
ig
n
20
Fixed income – Canadian 77
133
The underl
yi
n
g
secur
i
t
i
es
i
n the
p
ooled
f
unds have a
q
uoted
p
r
i
ces
i
n an act
i
ve market
.
112