2004 Crown Investments Corporation of Saskatchewan Annual Report

Notes to Consolidated Financial StatementsDecember 31, 200425. Employee Future Benefits (continued)The significant actuarial assumptions adopted in measuring the Corporations accrued benefit obligationsat September 30 for SaskPower and December 31 for SaskTel, SaskEnergy and SGI are :2004SaskTel SGI SaskPower SaskEnergyDiscount rateLong-term rate of compensationincreasesRemaining service life (years)6.80%5.60%6.00%4.50%2.80%4.00%4.00%3.00%15.70 10.00 11.21 8.402003SaskTel SGI SaskPower SaskEnergyDiscount rateLong-term rate of compensationincreasesRemaining service life (years)6.80%5.60%6.25%5.00%2.80%4.00%4.00%3.00%15.70 10.00 12.17 8.60Defined Contribution Pension PlansThe Corporation also has employees who are members of defined contribution pension plans. TheCorporation’s financial obligation is limited to contractual contributions to the plan. During the year, theCorporation paid $24.7 million (2003 - $24.1 million) into these plans.26. Subsequent EventOn February 3, 2005, the Canadian Radio-television and Telecommunications Commission (CRTC) releasedTelecom Decision CRTC 2005-6, Competitor Digital Network Services, which finalized the terms andconditions under which the Corporation is to provide digital network services to other telecommunicationscarriers. The CRTC determined that the Corporation’s interim Competitor Digital Network Access rates areto be replaced, retroactively to June 1, 2002, by rates equal to the Corporation’s retail digital network accessrates.As a result of the current decision, the Corporation will record total revenues of $11.3 million in 2005related to services previously provided from June 1, 2002 through December 31, 2004 related to the interimrates set by the CRTC in 2002.27. Comparative FiguresCertain of the 2003 comparative figures have been reclassified to conform to current year’s presentation.92