Cogeco 2004 Annual Report Download - page 50

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
48 Cogeco Cable Inc. 2004
13 EMPLOYEES FUTURE BENEFITS (continued)
Plan assets consist of:
2004 2003
%%
Equity securities 64 61
Debt securities 34 34
Other 25
Total 100 100
The significant weighted average assumptions used in measuring the Corporation’s pension and other obligations are as follows:
2004 2003
%%
Accrued benefit obligation
Discount rate 6.25 6.50
Rate of compensation increase 5.00 5.00
Defined benefit pension costs
Discount rate 6.50 7.00
Expected long-term rate of return on plan assets 7.25 7.25
Rate of compensation increase 5.00 5.00
14 COMMITMENTS AND CONTINGENCIES
Commitments
As at August 31, 2004, the Corporation and its subsidiaries are committed under lease agreements and other long term contracts to make
annual payment as follows:
2010 and
(amounts are in thousands of dollars) 2005 2006 2007 2008 2009 thereafter
$$$$$$
18,246 17,083 14,785 13,957 14,137 15,549