Pensions

9 Months Ended

Sep. 30, 2011

Pensions

Pensions

13.       Pensions

Components of net periodic pension benefit cost were as follows:

	Three months ended				Nine months ended
	September 30, 2011		September 30, 2010		September 30, 2011		September 30, 2010
	$’000		$’000		$’000		$’000
Service cost	—		—		—		—
Interest cost on projected benefit obligation	237		269		831		797
Expected return on assets	(225	)	(199	)	(788	)	(590	)
Net amortization and deferrals	136		168		476		497
Net periodic benefit cost	148		238		519		704

As of September 30, 2011, $1,401,000 of contributions had been made during 2011.  OEH anticipates contributing an additional $470,000 to fund its defined benefit pension plan in 2011 for a total of $1,871,000.