Cogeco 2005 Annual Report Download - page 54

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13 EMPLOYEES FUTURE BENEFITS (continued)
Plans’ assets consist of:
2005 2004
%%
Equity securities 62 64
Debt securities 32 34
Other 62
Total 100 100
The significant weighted average assumptions used in measuring the Corporation’s pension and other obligations are as follows:
2005 2004
%%
Accrued benefit obligation
Discount rate 5.00 6.25
Rate of compensation increase 5.00 5.00
Defined benefit pension costs
Discount rate 6.25 6.50
Expected long-term rate of return on plans’ assets 7.25 7.25
Rate of compensation increase 5.00 5.00
14 COMMITMENTS AND CONTINGENCIES
Commitments
As at August 31, 2005, the Corporation and its subsidiaries are committed under lease agreements and other long term contracts to make annual
payments as follows:
2011 and
(amounts are in thousands of dollars) 2006 2007 2008 2009 2010 thereafter
$$$$$$
15,876 13,336 13,161 11,665 10,754 10,836
52
Cogeco Cable Inc. 2005
Notes to Consolidated Financial Statements