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F-50
The following details the net pension expense and the underlying assumptions for the defined benefit plans for the years ended
December 31:
2003 2002 2001
Pension expense:
Service cost $ 118 $ 158 $ 200
Interest cost 401 402 413
Expected return on plan assets (395) (417) (470)
Amortization of prior service cost 9 7 8
Amortization of net losses (
g
ains) 50 17 (26)
Settlement losses (gains) 48 94 1
Curtailment losses (gains) –4017
Net pension expense $ 231 $ 301 $ 143
Allocation of net pension expense:
Continuing operations $ 231 $ 301 $ 141
Discontinued operations ––2
Net pension expense $ 231 $ 301 $ 143
Weighted-average assumptions used to determine benefit obligations as at December 31:
Discount rate 5.8% 6.3% 6.7%
Rate of compensation increase 3.7% 3.7% 3.7%
Weighted-average assumptions used to determine net pension expense for years ended December 31:
Discount rate 6.3% 6.7% 7.0%
Ex
p
ected rate of return on
p
lan assets 7.8% 7.8% 8.1%
Rate of compensation increase 3.7% 3.7% 4.6%
The following details the amounts included within other comprehensive income (loss) for the year ended December 31:
Defined benefit plans
2003 2002
Increase in minimum pension liability included in other comprehensive income (loss) $ 219 $ 690