Cogeco 2009 Annual Report Download - page 75

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74 COGECO CABLE INC. 2009 Consolidated financial statements
The total cash amount paid or payable for employee future benefits for all plans, consisting of cash contributed by the Corporation to
its funded pension plans, cash payments directly to beneficiaries for its unfunded other benefit plans, and cash contributed to its
defined contribution plans, totalled $5,351,000 for the year ended August 31, 2009 ($3,503,000 in 2008).
The following table provides a reconciliation of the change in the plan benefit obligations and plan assets at fair value and a
statement of the funded status as at August 31:
2009
2008
(in thousands of dollars) $
$
ACCRUED BENEFIT OBLIGATION
ACCRUED BENEFIT OBLIGATION, BEGINNING OF YEAR
12,656
11,526
CURRENT SERVICE COST
971
966
PAST SERVICE COST
523
141
INTEREST COST
851
699
CONTRIBUTIONS BY PLAN PARTICIPANTS
313
313
BENEFITS PAID
(523)
(334)
ACTUARIAL GAIN ON OBLIGATION
(44)
(655)
ACCRUED BENEFIT OBLIGATION, END OF YEAR
14,747
12,656
PLAN ASSETS AT FAIR VALUE
PLAN ASSETS AT FAIR VALUE, BEGINNING OF YEAR
8,268
8,259
ACTUAL RETURN (LOSS) ON PLAN ASSETS
65
(473)
CONTRIBUTIONS BY PLAN PARTICIPANTS
313
313
EMPLOYER CONTRIBUTIONS
1,423
503
BENEFITS PAID
(523)
(334)
PLAN ASSETS AT FAIR VALUE, END OF YEAR
9,546
8,268
FUNDED STATUS
PLAN ASSETS AT FAIR VALUE
9,546
8,268
ACCRUED BENEFIT OBLIGATION
14,747
12,656
PLAN DEFICIT
5,201
4,388
UNAMORTIZED ACTUARIAL LOSSES
(1,957)
(1,558)
UNAMORTIZED PAST SERVICE COST
(740)
(286)
NET ACCRUED BENEFIT LIABILITY
2,504
2,544
The accrued benefit liability is included in the Corporation’s balance sheet under “Pension plan liabilities and accrued employee
benefits”.