Cogeco 2012 Annual Report Download - page 74

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Consolidated financial statements COGECO CABLE INC. 2012 73
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 at August 31:
2012 2011
(In thousands of Canadian dollars) $ $
Accrued benefit obligation
A
ccrued benefit obligation, beginning of the year 22,811 18,504
Current service cost 1,451 1,310
Past service cost 99
Interest cost 1,147 1,101
Contributions by plan participants 343 397
Benefits paid (427) (706)
A
ctuarial loss on obligation recognized in equity 3,486 2,106
A
ccrued benefit obligation, end of the yea
r
28,811 22,811
Plan assets at fair value
Plan assets at fair value, beginning of the year 12,504 11,332
Expected return on plan assets 803 746
Difference between expected and actual return on plan assets recognized in equity (695) (588)
Contributions by plan participants 343 397
Employer contributions 4,578 1,323
Benefits paid (427) (706)
Plan assets at fair value, end of the year 17,106 12,504
Funded status
Plan assets at fair value 17,106 12,504
A
ccrued benefit obligation 28,811 22,811
Net accrued benefit liability 11,705 10,307
The accrued net benefit liability is included in the Corporation’s statement of financial position under “Pension plan liabilities and accrued
employee benefits”.
2012 2011
(In thousands of Canadian dollars) $ $
Defined benefit pension costs
Current service cost 1,451 1,310
Past service cost 99
Interest cost 1,147 1,101
Expected return on plan assets (803) (746)
Net benefit cost 1,795 1,764
The expected employer contributions to the Corporation’s defined benefit pension plans will be $4,311,000 million in 2013.