Investor Presentaiton
34 Charlottetown Airport | 2013 Annual Report
Superannuation Plan - Actuarial valuation information
2013
2012
$
$
Defined benefit plan assets
Fair value of plan assets -
-
Balance beginning of year
Expected return on assets
Charlottetown Airport Authority Inc. contributions
Employee contributions
Benefits paid
Actuarial gain on plan assets
Balance end of year
1,076,000
62,000
1,025,000
67,000
2,000
(54,000)
80,000
42,000
1,233,000
1,076,000
65,000
132,000
2,000
(190,000)
Defined benefit plan obligations
Accrued benefit obligation -
Liabilities beginning of year
-
Current service cost
Interest cost
Benefits paid
Actuarial losses (gains)
805,000
1,056,000
13,000
22,000
45,000
56,000
(54,000)
(190,000)
172,000
(139,000)
981,000
805,000
Balance end of year
Reconciliation of the funded status of the Superannuation
Plan to the amount recorded in the financial statements
Fair value of the plan assets
1,233,000
1,076,000
Accrued benefit obligation
Funded status of plan - surplus
Valuation allowance adjustment
981,000
805,000
252,000
271,000
Accrued benefit asset
252,000
271,000
Accrued benefit asset - beginning of year
271,000
(31,000)
Defined benefit pension income (cost) for the year
(19,000)
302,000
Accrued benefit asset per financial statements - end of year
252,000
271,000View entire presentation