Blackberry 2002 Annual Report Download - page 26

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5. Intangible Assets
Intangible assets are comprised as follows:
MARCH 2, 2002
ACCUMULATED
COST AMORTIZATION NET BOOK VALUE
Acquired technology $ 2,685 $ 185 $ 2,500
Licences 9,645 186 9,459
Patents 4,479 435 4,044
Goodwill 14,395 –14,395
$ 31,204 $ 806 $ 30,398
FEBRUARY 28, 2001
ACCUMULATED
COST AMORTIZATION NET BOOK VALUE
Licences $ 5,195 $ – $ 5,195
Patents 2,717 232 2,485
$ 7,912 $ 232 $ 7,680
6. Acquisition
On October 31, 2001, the Company acquired 100 percent of the outstanding common shares of Plazmic Inc. (“Plazmic”)
for its technology and expertise in the wireless delivery of rich graphics content. Plazmic develops Java-based media
platforms for wireless devices. The results of Plazmic’s operations since October 31, 2001 have been included in the
consolidated financial statements.
The aggregate purchase price was $16,186, including $9,861 of cash and common stock valued at $6,325. The
value of the 387,353 common shares issued was determined based on the average of the market price of the Company’s
common shares over the two-day period before and after the terms of the acquisition were agreed to.
The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date
of acquisition:
Assets purchased
Acquired technology $ 2,685
Goodwill 14,395
17,080
Liabilities assumed – non-cash working capital 1,046
Net non-cash assets acquired 16,034
Cash acquired 152
Net assets acquired $16,186
Consideration
Cash $9,861
Capital stock 6,325
$16,186
Acquired technology includes current and core technology. Goodwill is comprised of Plazmic’s assembled work force
and resulting future technological developments.
If the acquisition of Plazmic had occurred on March 1, 2000, the Company’s unaudited proforma consolidated
revenue would have been unchanged for the year ended March 2, 2002 (2001 –unchanged) and the unaudited
proforma net loss would have been $31,316 (2001 –$8,236).
RESEARCH IN MOTION LIMITED UNITED STATES DOLLARS, IN THOUSANDS EXCEPT PER SHARE DATA, AND EXCEPT AS OTHERWISE INDICATED.
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