Blackberry 2001 Annual Report Download - page 22

Research In Motion Limited >Incorporated Under the Laws of Ontario >United States dollars, in thousands except per share data
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Management’s Responsibility for Financial Reporting
To the Shareholders of Research In Motion Limited
The management of Research In Motion Limited is responsible for the preparation of the accompanying financial
statements in accordance with Canadian generally accepted accounting principles, including estimates and
judgements required for such preparation. The financial information appearing throughout this Annual Report is
consistent with the consolidated financial statements.
In fulfilling its responsibility for the reliability and integrity of financial information, management has established and
maintains a system of internal controls and budgeting procedures. Management believes these systems and controls
provide reasonable assurance that assets are safeguarded, transactions are executed in accordance with management’s
authorization and financial records are reliable for the preparation of consolidated financial statements.
The consolidated financial statements are reviewed and approved by the Audit Committee and Board of Directors,
which oversee management’s reporting responsibilities. Zeifman & Company LLP and Ernst & Young LLP, the
independent auditors appointed by the shareholders, have examined the consolidated financial statements in
accordance with Canadian generally accepted auditing standards and their report follows.
The Audit Committee of the Board of Directors, which consists entirely of non-management independent
directors, meets with management and the independent auditors to ensure that each is discharging its respective
responsibilities relating to the financial statements. The external auditors have full and free access to the Audit
Committee to discuss audit findings, financial reporting and other related matters.
Waterloo, Ontario Mike Lazaridis Dennis Kavelman
President & Co-CEO Chief Financial Officer
Auditors’Report
To the Shareholders of Research In Motion Limited
We have audited the consolidated balance sheets of Research In Motion Limited as at February 28, 2001 and
February 29, 2000 and the consolidated statements of operations and retained earnings and cash flows for each of
the years in the three year period ended February 28, 2001. These financial statements are the responsibility of the
Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with Canadian generally accepted auditing standards. Those standards
require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are
free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statement presentation.
In our opinion, these consolidated financial statements present fairly, in all material respects, the financial
position of the Company as at February 28, 2001 and February 29, 2000 and the results of its operations and
its cash flows for each of the years in the three year period ended February 28, 2001 in accordance with
Canadian generally accepted accounting standards.
As described in note 1(j), effective March 1, 2000 the Company began accounting for income taxes in accordance
with Section 3465 of the Canadian Institute of Chartered Accountants Handbook. In addition, as described in
note 1(o), the Company implemented Section 3500 – Earnings Per Share of the Canadian Institute of Chartered
Accountants Handbook.
Toronto, Ontario Ernst & Young LLP Zeifman & Company LLP
March 30, 2001 Chartered Accountants Chartered Accountants
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