Cogeco 2010 Annual Report Download - page 68

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Consolidated Financial Statements COGECO CABLE INC. 2010 67
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:
2010 2009
(in thousands of dollars) $ $
Accrued benefit obligation
A
ccrued benefit obligation, beginning of yea
r
14,747 12,656
Current service cost 1,012 971
Past service cost 11 523
Interest cost 994 851
Contributions by plan participants 345 313
Benefits paid (472) (523)
A
ctuarial loss (gain) on obligation 1,867 (44)
A
ccrued benefit obligation, end of yea
r
18,504 14,747
Plan assets at fair value
Plan assets at fair value, beginning of year 9,546 8,268
A
ctual return on plan assets 636 65
Contributions by plan participants 345 313
Employer contributions 1,277 1,423
Benefits paid (472) (523)
Plan assets at fair value, end of year 11,332 9,546
Funded status
Plan assets at fair value 11,332 9,546
A
ccrued benefit obligation 18,504 14,747
Plan deficit 7,172 5,201
Unamortized actuarial losses (3,771) (1,957)
Unamortized past service cost (666) (740)
Net accrued benefit liability 2,735 2,504
The accrued benefit liability is included in the Corporation’s balance sheet under “Pension plan liabilities and accrued employee benefits”.
2010 2009
(in thousands of dollars) $ $
Defined benefit pension costs
Current service cost 1,012 971
Past service cost 11 523
Interest cost 994 851
A
ctual return on plan assets (636) (65)
A
ctuarial loss (gain) on obligation 1,867 (44)
Cost before adjustments to recognize the long-term nature of employee future benefits 3,248 2,236
Difference between past service cost and amortization of past service cost 74 (454)
Difference between expected return and actual loss on plan assets (58) (522)
Difference between actuarial loss (gain) and amortization of net actuarial loss (1,756) 123
Net benefit cost 1,508 1,383