BRITISH COLUMBIA HYDRO AND POWER AUTHORITY

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2016 AND 2015
British Columbia Hydro and Power Authority
Information about the pension benefit plans and post-employment benefits other than pensions is as
follows:
(a) The expense for the Company’s benefit plans for the years ended at March 31, 2016 and 2015 is
recognized in the following line items in the statement of comprehensive income prior to any
capitalization of employment costs attributable to property, plant and equipment and intangible asset
additions and prior to the application of regulatory accounting:
Pension
Other
Benefit Plans
Benefit Plans
(in millions) 2016 2015 2016 2015
Current service costs charged to personnel operating costs $ 97 $ 77 $ 16 $ 13
Net interest costs charged to finance costs 40 38 17 17
Total post-employment benefit plan expense $ 137 $ 115 $ 33 $ 30
Actuarial gains and losses recognized in other comprehensive income are $nil (2015 – $nil). As per
Note 13, in accordance with Prescribed Standards and as approved by the BCUC, actuarial gains and
losses, as summarized in Note 18(c) below, are deferred to the Non-Current Pension Cost regulatory
account.
(b) Information about the Company’s defined benefit plans at March 31, in aggregate, is as follows:
Pension
Other
Benefits Plans
Benefits Plans
(in millions) 2016 2015 2016 2015
Defined benefit obligation of funded plans $ (4,228) $ (4,202) $ - $ -
Defined benefit obligation of unfunded plans (157) (155) (441) (432)
Fair value of plan assets 3,169 3,291 - -
Plan deficit $ (1,216) $ (1,066) $ (441) $ (432)
The Company determined that there was no minimum funding requirement adjustment required in
fiscal 2016 and fiscal 2015 in accordance with IFRIC 14, The Limit on Defined Benefit Asset, Minimum
Funding Requirements and Their Interaction.