NOTE 11 – Accumulated Other Comprehensive Loss

A summary of the component items (all affecting the “Administrative and general” expense line item within the Statements of Income) showing the reclassifications out of “Accumulated other comprehensive loss” (“AOCL”) is as follows:



	Amounts reclassified from AOCL
Component item	2013		2012		2011
Amortization of defined benefit pension items:
Prior service cost	$	17,469	$	17,469	$	17,469
Net loss		663,536		492,391		306,348
Total	$	681,005	$	509,860	$	323,817

A summary of the changes in AOCL by component is as follows:



Defined benefit pension items	Prior Service Cost		Net Loss		Total
Balance at January 1, 2011	$	(69,874)	$	(2,018,933)	$	(2,088,807)
Net loss arising during period before reclassifications		-		(678,007)		(678,007)
Amounts reclassified from AOCL		17,469		306,348		323,817
Other comprehensive income (loss)		17,469		(371,659)		(354,190)
Balance at December 31, 2011		(52,405)		(2,390,592)		(2,442,997)
Net loss arising during period before reclassifications		-		(488,972)		(488,972)
Amounts reclassified from AOCL		17,469		492,391		509,860
Other comprehensive income		17,469		3,419		20,888
Balance at December 31, 2012		(34,936)		(2,387,173)		(2,422,109)
Net gain arising during period before reclassifications		-		879,193		879,193
Amounts reclassified from AOCL		17,469		663,536		681,005
Other comprehensive income		17,469		1,542,729		1,560,198
Balance at December 31, 2013	$	(17,467)	$	(844,444)	$	(861,911)