XML 96 R55.htm IDEA: XBRL DOCUMENT v3.22.2.2
Employee benefits (Tables)
 12 Months Ended
Sep. 30, 2022
Employee Benefits [Abstract]  
Disclosure of net defined benefit liability (asset)
The following tables present amounts for post-employment benefits plans included in the consolidated balance sheets:
As at September 30, 2022 U.K. France Germany Other Total
$ $ $ $ $
 Defined benefit obligations (525,262) (77,477) (61,420) (60,368) (724,527)
 Fair value of plan assets 571,909  —  11,028  33,616  616,553 
46,647  (77,477) (50,392) (26,752) (107,974)
 Fair value of reimbursement rights —  —  18,495  382  18,877 
 Net asset (liability) recognized in the balance sheet
 46,647  (77,477) (31,897) (26,370) (89,097)
 
 Presented as:
 Other long-term assets (Note 10)
Insurance contracts held to fund defined
  benefit pension and life assurance
  arrangements - reimbursement rights		 —  —  18,495  382  18,877 
Retirement benefits assets 46,647  —  —  424  47,071 
 Retirement benefits obligations —  (77,477) (50,392) (27,176) (155,045)
46,647  (77,477) (31,897) (26,370) (89,097)

As at September 30, 2021 U.K. France Germany Other Total
$ $ $ $ $
 Defined benefit obligations (881,008) (77,006) (94,381) (82,159) (1,134,554)
 Fair value of plan assets 986,359  661  12,234  37,040  1,036,294 
105,351  (76,345) (82,147) (45,119) (98,260)
 Fair value of reimbursement rights —  —  20,823  427  21,250 
 Net asset (liability) recognized in the balance sheet
 105,351  (76,345) (61,324) (44,692) (77,010)
 
 Presented as:
 Other long-term assets (Note 10)
Insurance contracts held to fund defined
  benefit pension and life assurance
  arrangements - reimbursement rights		 —  —  20,823  427  21,250 
Retirement benefits assets 105,351  —  —  877  106,228 
 Retirement benefits obligations —  (76,345) (82,147) (45,996) (204,488)
105,351  (76,345) (61,324) (44,692) (77,010)
17.Employee benefits (continued)
DEFINED BENEFIT PLANS (CONTINUED)
 Defined benefit obligations U.K. France Germany Other Total
$ $ $ $ $
As at September 30, 2021 881,008  77,006  94,381  82,159  1,134,554 
 Current service cost
 1,114  5,673  531  5,735  13,053 
 Interest cost
 16,877  740  768  2,748  21,133 
 Business acquisitions (Note 26a)
 —  10,192  —  —  10,192 
 Actuarial gains due to change in financial assumptions1
(285,653) (20,586) (25,735) (10,104) (342,078)
 Actuarial losses (gains) due to change in demographic assumptions1
 7,882  921  —  (520) 8,283 
 Actuarial losses due to experience1
 4,081  12,112  2,214  3,848  22,255 
 Plan participant contributions
 80  —  —  —  80 
 Benefits paid from the plan
 (24,018) (622) (647) (6,421) (31,708)
 Benefits paid directly by employer
 —  (1,318) (2,848) (866) (5,032)
 Foreign currency translation adjustment1
 (76,109) (6,641) (7,244) (4,217) (94,211)
 Other —  —  —  (11,994) (11,994)
As at September 30, 2022 525,262  77,477  61,420  60,368  724,527 
 Defined benefit obligations of unfunded plans
 —  77,477  —  18,829  96,306 
 Defined benefit obligations of funded plans
525,262  —  61,420  41,539  628,221 
As at September 30, 2022 525,262  77,477  61,420  60,368  724,527 

 Defined benefit obligations U.K. France Germany Other Total
$ $ $ $ $
As at September 30, 2020 891,628  84,442  104,090  83,584  1,163,744 
 Current service cost 1,114  6,004  665  8,095  15,878 
 Interest cost 13,490  529  642  2,867  17,528 
 Past service cost 346  —  —  —  346 
Actuarial losses (gains) due to change in financial assumptions1
21,722  (2,922) (1,201) (1,125) 16,474 
 Actuarial (gains) losses due to experience1
 (9,994) (3,498) 521  (559) (13,530)
 Plan participant contributions 92  —  —  —  92 
 Benefits paid from the plan (29,936) —  (1,053) (3,521) (34,510)
 Benefits paid directly by employer —  (2,492) (2,954) (2,242) (7,688)
 Foreign currency translation adjustment1
 (7,454) (5,057) (6,329) (4,940) (23,780)
As at September 30, 2021 881,008  77,006  94,381  82,159  1,134,554 
 Defined benefit obligations of unfunded
  plans		 —  77,006  —  40,491  117,497 
 Defined benefit obligations of funded plans 881,008  —  94,381  41,668  1,017,057 
As at September 30, 2021 881,008  77,006  94,381  82,159  1,134,554 
1     Amounts recognized in other comprehensive income.
17.Employee benefits (continued)
DEFINED BENEFIT PLANS (CONTINUED)
 Plan assets and reimbursement rights U.K. France Germany Other Total
$ $ $ $ $
As at September 30, 2021 986,359  661  33,057  37,467  1,057,544 
 Interest income on plan assets 18,901  —  274  1,907  21,082 
 Employer contributions 1,007  1,318  2,638  4,449  9,412 
 Return on assets excluding interest income1
 (324,003) —  (214) (1,836) (326,053)
 Plan participant contributions 80  —  —  393  473 
 Benefits paid from the plan (24,018) (622) (647) (6,421) (31,708)
 Benefits paid directly by employer —  (1,318) (2,848) (866) (5,032)
 Administration expenses paid from the plan (1,568) —  —  (7) (1,575)
 Foreign currency translation adjustment1
 (84,849) (39) (2,737) (1,088) (88,713)
As at September 30, 2022 571,909  —  29,523  33,998  635,430 
 Plan assets 571,909  —  11,028  33,616  616,553 
 Reimbursement rights —  —  18,495  382  18,877 
As at September 30, 2022 571,909  —  29,523  33,998  635,430 
 Plan assets and reimbursement rights U.K. France Germany Other Total
$ $ $ $ $
As at September 30, 2020 977,137  692  35,271  35,357  1,048,457 
 Interest income on plan assets 14,795  5  216  1,507  16,523 
 Employer contributions 1,640  2,492  3,462  7,649  15,243 
 Return on assets excluding interest income1
 32,252  7  384  1,836  34,479 
 Plan participant contributions 92  —  —  393  485 
 Benefits paid from the plan (29,936) —  (1,053) (3,521) (34,510)
 Benefits paid directly by employer —  (2,492) (2,954) (2,242) (7,688)
 Administration expenses paid from the plan (1,400) —  —  (8) (1,408)
 Foreign currency translation adjustment1
 (8,221) (43) (2,269) (3,504) (14,037)
As at September 30, 2021 986,359  661  33,057  37,467  1,057,544 
 Plan assets 986,359  661  12,234  37,040  1,036,294 
 Reimbursement rights —  —  20,823  427  21,250 
As at September 30, 2021 986,359  661  33,057  37,467  1,057,544 
1     Amounts recognized in other comprehensive income.
Disclosure of fair value of plan assets
The plan assets at the end of the years consist of:
As at September 30, 2022 U.K. France Germany Other Total
$ $ $ $ $
 Quoted equities 196,611  —  —  —  196,611 
 Quoted bonds 102,658  —  —  —  102,658 
 Cash 143,312  —  —  65  143,377 
 Other1
 129,328  —  11,028  33,551  173,907 
571,909  —  11,028  33,616  616,553 
As at September 30, 2021 U.K. France Germany Other Total
$ $ $ $ $
 Quoted equities 426,066  —  —  —  426,066 
 Quoted bonds 109,787  —  —  —  109,787 
 Cash 36,974  —  —  64  37,038 
 Other1
 413,532  661  12,234  36,976  463,403 
986,359  661  12,234  37,040  1,036,294 
1    Other is mainly composed of quoted investment funds and various insurance policies to cover some of the defined benefit obligations.
Disclosure of defined benefit plan expense
The following table summarizes the expense1 recognized in the consolidated statements of earnings:
Year ended September 30
2022 2021
$ $
 Current service cost 13,053  15,878 
 Past service cost —  346 
 Net interest on net defined benefit obligations or assets 51  1,005 
 Administration expenses 1,575  1,408 
14,679  18,637 
1The expense was presented as costs of services, selling and administrative for an amount of $13,053,000 and as net finance costs for an amount of $1,626,000 (Note 25) ($16,224,000 and $2,413,000, respectively for the year ended September 30, 2021).
Disclosure of principal actuarial assumptions regarding defined benefit plans
The following are the principal actuarial assumptions calculated as weighted averages of the defined benefit obligations. The assumed discount rates, future salary and pension increases, inflation rates and mortality all have a significant effect on the accounting valuation.
As at September 30, 2022 U.K France Germany Other
% % % %
 Discount rate 4.95  3.75  4.07  6.02 
 Future salary increases 0.35  3.77  2.50  2.51 
 Future pension increases 3.30  —  2.10  0.60 
 Inflation rate 3.60  2.20  2.00  4.06 
As at September 30, 2021 U.K. France Germany Other
% % % %
 Discount rate 2.03  0.90  0.88  4.22 
 Future salary increases 0.35  3.75  2.50  2.36 
 Future pension increases 3.38  —  1.80  0.10 
 Inflation rate 3.45  1.50  2.00  3.75 
The average longevity over 65 of a member presently at age 45 and 65 are as follows:
As at September 30, 2022 U.K. Germany
                                  (in years)
 Longevity at age 65 for current members
Males 22.0 21.0
Females 23.8 24.0
 Longevity at age 45 for current members
Males 23.3 23.0
Females 25.3 26.0
As at September 30, 2021 U.K. Germany
               (in years)
 Longevity at age 65 for current members
Males 21.9 21.0
Females 23.8 24.0
 Longevity at age 45 for current members
Males 23.3 23.0
Females 25.4 26.0
Disclosure of sensitivity analysis for actuarial assumptions
The following tables show the sensitivity of the defined benefit obligations to changes in the principal actuarial assumptions:
As at September 30, 2022 U.K. France Germany
$ $ $
 Increase of 0.25% in the discount rate
 (19,249) (2,294) (1,512)
 Decrease of 0.25% in the discount rate
 20,234  2,500  1,578 
 Salary increase of 0.25%
193  2,584  20 
 Salary decrease of 0.25%
(188) (2,388) (19)
 Pension increase of 0.25%
 13,324  —  774 
 Pension decrease of 0.25%
 (12,614) —  (747)
 Increase of 0.25% in inflation rate
 21,301  2,584  774 
 Decrease of 0.25% in inflation rate
 (16,005) (2,388) (747)
 Increase of one year in life expectancy
 12,957  281  1,511 
 Decrease of one year in life expectancy
 (13,093) (320) (1,360)
As at September 30, 2021 U.K. France Germany
$ $ $
 Increase of 0.25% in the discount rate
 (36,571) (2,716) (2,986)
 Decrease of 0.25% in the discount rate
 38,221  2,851  3,144 
 Salary increase of 0.25%
 480  2,870  35 
 Salary decrease of 0.25%
(471) (2,746) (34)
 Pension increase of 0.25%
 25,254  —  1,440 
 Pension decrease of 0.25%
 (24,480) —  (1,381)
 Increase of 0.25% in inflation rate
 36,172  2,870  1,440 
 Decrease of 0.25% in inflation rate
 (34,478) (2,746) (1,381)
 Increase of one year in life expectancy
 27,907  555  3,131 
 Decrease of one year in life expectancy
 (27,556) (585) (2,761)
Disclosure of weighted average duration of benefit obligation
The weighted average duration of the defined benefit obligations are as follows:
Year ended September 30
2022 2021
                      (in years)
 U.K. 17 18
 France 13 15
 Germany 11 13
 Other 8 9