Question 1:

Locate the annual auditedconsolidatedfinancial statements ofDorel Industries Inc. for its year ended December 30, 2015 on SEDAR.com.After reading Note 1 to the financial statements that introduces you to the company, please answer the following questions.ALLquestions relateto Dorelsdefined benefit pension and post-retirement benefit plans:

a. Prepare theentry(ies) that the company would have made in fiscal 2015 to recognize the associated expense andremeasurementgain or loss for the year. (You may assume that no partof these costsrelated to inventory or cost of sales.)

b. The company discloses the discount rates, the rate of compensation increase and the mortality rates used in determining the net periodic cost for these plans for both 2015 and 2014.Taking each factor by itself, would you expect the change in each of these from 2014 to 2015 to increase or to decrease the current service cost for 2015. Explain your answers.

c. Identify the return on plan assets includedin net retirement expense and in the return earned on plan assets for 2015. Were the returns earned on the plan assets during 2015 significantly different from those in 2014? Comment.

d. Did the companysfunded statusincrease or decrease during 2015? Explain how you determined your answer.

e. The companyhas reported 2015remeasurementgains and losses. What is the net amount of these? What caused these gains and losses?

f. If you were an employee of Dorel who is depending on this companys plans for your retirement income, would you have any concerns? Provide evidence of why you might be concernedorwhy you would not be concerned.