Blackberry 1999 Annual Report Download - page 33

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14. UNCERTAINTY DUE TO THE YEAR 2000 ISSUE
The Year 2000 issue arises because many computerized systems use two digits rather than four to identify a
year. Date sensitive systems may recognize the year 2000 as 1900 or some other date, resulting in errors when
information using year 2000 dates is processed. In addition, similar problems may arise in some systems which
use certain dates in 1999 to represent something other than a date. The effects of the Year 2000 issue may be
experienced before, on or after January 1, 2000 and if not addressed, the impact on operations and financial
reporting may range from minor errors to significant system failure which could affect the Company’s ability to
conduct normal business operations. However, it is not possible to be certain that all aspects of the Year 2000 issue
affecting the Company, including those related to the efforts of customers, suppliers, or other third parties, will
be fully resolved.
15. COMPARATIVE FIGURES
Certain of the prior year’s figures have been reclassified for consistency with the presentation adopted for the
current year.
16. SUMMARY OF MATERIAL DIFFERENCES BETWEEN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP)
IN CANADA AND THE UNITED STATES
The financial statements of the Company have been prepared in accordance with accounting principles generally
accepted in Canada (“Canadian GAAP”) which conform in all material respects with accounting principles
generally accepted in the United States (“U.S. GAAP”) except as set forth below (in thousands, except for earnings
per share):
Balance Sheets -
1999 1998 1997
Total assets under Canadian GAAP $ 175,527 $ 153,347 $ 44,415
Adjustment - Deferred income taxes (a) 3,000 700 –
Total assets under U.S. GAAP $ 178,527 $ 154,047 $ 44,415
Total shareholders’ equity under Canadian GAAP $ 160,054 $ 150,055 $ 40,766
Adjustment - Deferred income taxes (a) 3,000 700 –
Total shareholders’ equity under U.S. GAAP $ 163,054 $ 150,755 $ 40,766
Statements of Operations -
1999 1998 1997
Net income under Canadian GAAP $ 9,541 $ 540 $ 44
Adjustment - Deferred income taxes (a) 500 – –
Net income under U.S. GAAP $ 10,041 $ 540 $ 44
Earnings per share under U.S. GAAP
Basic $ 0.16 $ 0.01 $ 0.00
Diluted $ 0.14 $ 0.01 $ 0.00
31
RESEARCH IN MOTION LIMITED
Incorporated Under the Laws of Ontario
Canadian dollars, in thousands, except for earnings per share