notes to the Consolidated Financial Statements (cont’d) Movement in the present value of the defined benefit obligations  Movement in the present value of plan assets  Expense recognized in profit or loss  The expense is recognized in the following line items in the consolidated statement of income  Actuarial gains and losses recognized in other comprehensive income  (Amounts in $000s) Fiscal 2011 Fiscal 2010 Defined benefit obligations at the beginning of the year  $   32,118  $   27,385  Benefits paid by the plan  (2,269)  (1,084) Effect of movements in exchange rates   – (12) Current service costs 735  584  Interest on obligation   1,784  1,734  Employee contributions  131  135  SERP acquired  309  – Actuarial losses in other comprehensive income   1,900  3,376  Defined benefit obligations at the end of the year  $ 34,708 $   32,118  (Amounts in $000s) Fiscal 2011 Fiscal 2010 Fair value of plan assets at the beginning of the year  $  22,579  $   20,512  Employee contributions paid into the plan   131   135  Employer contributions paid into the plan   1,274  720  Benefits paid by the plan   (2,269)  (1,084) Effect of movements in exchange rates   (19)   (9) $ 21,696  $  20,274  Actual return on plan assets:  Expected return on plan assets  $  2,042   1,432  Actuarial gains in other comprehensive income  –  1,011  Fees and expenses   (210)  (138) $  1,832  $   2,305  Fair value of plan assets at the end of the year  $  23,528  $   22,579 (Amounts in $000s) Fiscal 2011 Fiscal 2010 Current service costs  $  735  $   584  Interest on obligation   1,784   1,734  Expected return on plan assets  (1,401) (1,294) $ 1,118 $   1,024  (Amounts in $000s) Fiscal 2011 Fiscal 2010 Cost of sales  $ 185 $   151  Selling, general and administrative expenses  933  873  $ 1,118  $   1,024  (Amounts in $000s) Fiscal 2011 Fiscal 2010 Cumulative amount at the beginning of the year  $ 2,365 $   – Recognized during the period   1,477  2,365  Cumulative amount at the end of the year  $  3,842  $   2,365  81 AnnuAl RepoRt 2011