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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 252,000 271,000
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