2004 Crown Investments Corporation of Saskatchewan Annual Report

Notes to Consolidated Financial StatementsDecember 31, 200425. Employee Future Benefits (continued)The defined benefit plan pension expense (income) is as follows (thousands of dollars):20042003SaskTel SGI SaskPower CombinedCurrent service cost - definedbenefit planInterest costExpected return on pensionplan assetsSpecial termination benefits costAmortization of nettransitional assetAmortization of past service costsAmortization of actuarial(gains) lossesDefined benefit planpension (income) expense$$10,28251,452(55,451)28,412(11,675)4,3038,38335,706$$1712,738(3,077) (44,051)--(743)-(70)(981)$$4,94742,973(4,861) (17,258)1294,2343,7582,895$$13,31395,808(101,385)-8,5463,258The asset allocation of the defined benefit pension plans are as follows:2004SaskTel SGI SaskPowerAsset categoryShort-term investmentBond and debenturesCanadian equitiesU.S. equitiesForeign equitiesReal estate9%31%29%19%7%5%3%55%17%14%11%-%-%35%25%12%28%-%Other benefit plansOther benefit plans include a defined severance plan for certain employees and the supplementarysuperannuation plan provided to management employees (thousands of dollars):2004 2003SaskTel SGI SaskPower SaskEnergy CombinedPresent value of accruedbenefitsAccrued benefit liabilityBenefits paidNet expense$ 21,34513,9691,1062,949$ 3,2552,431430384$ 45,50826,6045,2788,915$ 12,23912,2394942,502$76,54548,4716,56812,21891