Employees of the Company participate in the Public Service Superannuation Fund (the “Plan”), a contributory defined benefit pension plan administered by the Province of Nova Scotia, which provides pension benefits based on length of service and earnings. Contributions to the Plan are required by both the employees and the employer. Total employer contributions for 2007 were $326 (2006 - $282) and are recognized as an expense in the period. The Company is not responsible for any underfunded liability, nor does the Company have any access to any surplus that may arise in this Plan.
(in thousands of dollars)
Year ended March 31, 2007, with comparative figures for 2006
 |
| | 2007 | 2006 |
|
| Business development | $ 2,568 | $ 1,653 |
| Legal and audit | 271 | 272 |
| Office expenses | 347 | 658 |
| Other | 154 | 87 |
| Salaries and benefits | 5,758 | 5,190 |
| Telecommunications and technical support | 341 | 398 |
| Travel | 840 | 667 |
|
| | $ 10,279 | $ 8,925 |