Blackberry 2000 Annual Report Download - page 27

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6. Capital Assets
Capital assets are comprised as follows:
Accumulated Net book
February 29, 2000 Cost amortization value
Furniture, fixtures, tooling and equipment $ 17,474 $ 5,545 $ 11,929
Computer equipment 14,481 3,453 11,028
Leasehold improvements 1,552 516 1,036
Patents 1,409 168 1,241
Buildings 10,976 23 10,953
Land 3,110 — 3,110
$ 49,002 $ 9,705 $ 39,297
Accumulated Net book
February 28, 1999 Cost amortization value
Furniture, fixtures, tooling and equipment $ 12,233 $ 2,971 $ 9,262
Computer equipment 5,665 1,537 4,128
Leasehold improvements 1,204 242 962
Patents 757 97 660
$ 19,859 $ 4,847 $ 15,012
During the year, capital assets in the amount of $6,726 were acquired by the assumption of mortgages.
7. Long-Term Debt
During the year, the Company assumed long-term debt as a result of acquiring certain real estate for its on-going
operations. At February 29, 2000, long-term debt consisted of three 6.75% mortgages, against which land and buildings
are pledged as collateral, due December 1, 2003, with total monthly principal and interest payments of $52 (Cdn. $75).
The long-term debt principal payments for the years 2001 through 2004 are as follows:
For the year ending the last day of February,
2001 $ 185
2002 197
2003 211
2004 6,118
$ 6,711
At February 29, 2000 and February 28, 1999, the Company had not drawn on its authorized operating line of credit of
$13,776 (Cdn.$20,000). The line of credit bears interest at the bank’s prime rate of 6.75% on the balance (at February 28,
1999 prime rate was 6.75%). The balance is due on demand and is subject to a general security agreement.
The line of credit is subject to compliance with certain covenants.
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Research In Motion Limited ■Incorporated Under the Laws of Ontario ■United States dollars, in thousands except per share data