Shaw 2015 Annual Report Download - page 99

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Shaw Communications Inc.
Notes to the Consolidated Financial Statements
August 31, 2015 and 2014
[all amounts in millions of canadian dollars except share and per share amounts]
The tables below show the significant weighted-average assumptions used to measure the pension obligation and cost for these
plans.
Accrued benefit obligation
2015
%
2014
%
Discount rate 4.10 4.09
Rate of compensation increase 3.00 3.00
Benefit cost for the year
2015
%
2014
%
Discount rate 4.09 4.84
Rate of compensation increase 3.00 3.50
The calculation of the accrued benefit obligation is sensitive to the assumptions above. A one percentage point decrease in the
discount rate would have increased the accrued benefit obligation at August 31, 2015 by $31. A one percentage point increase
in the rate of compensation increase would have increased the accrued benefit obligation by $6.
When calculating the sensitivity of the defined benefit obligation to significant actuarial assumptions, the present value of the
defined benefit obligation has been calculated using the projected benefit method which is the same method that is applied in
calculating the defined benefit liability recognized in the statement of financial position. The sensitivity analysis presented
above may not be representative of the actual change in the accrued benefit obligation as it is unlikely that the change in
assumptions would occur in isolation of one another as some assumptions may be correlated.
The net pension benefit plan expense, which is included in employee salaries and benefits expense, is comprised of the
following components:
2015
$
2014
$
Current service cost 65
Interest cost 77
Interest income (7) (7)
Administrative expenses 11
Pension expense 76
2015 Annual Report Shaw Communications Inc. 97