Blackberry 2004 Annual Report Download - page 43

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41
For the years ended February 28, 2004, March 1, 2003 and March 2, 2002
Held-to-maturity investments are carried at amortized cost and comprise:
Unrecognized
Amortized Holding Holding
Cost Gains Losses Fair Value
As at February 28, 2004
Government sponsored enterprise notes $–$–$–$–
Asset-backed securities 66,658 1,325 – 67,983
Corporate bonds 79,404 4,074 – 83,478
$ 146,062 $ 5,399 $ – $ 151,461
As at March 1, 2003
Government sponsored enterprise notes $ 15,110 $ 83 $ – $ 15,193
Asset-backed securities 69,002 770 (59) 69,713
Corporate bonds 105,918 3,365 – 109,283
$ 190,030 $ 4,218 $ (59) $ 194,189
5. Inventory
Inventory is comprised as follows:
February 28,2004 March 1, 2003
Raw materials $35,119 $34,446
Work in process 8,713 8,205
Finished goods 7,679 4,286
Provision for excess and obsolete inventory (8,675) (15,662)
$ 42,836 $ 31,275
6. Capital Assets
Capital assets are comprised of:
Accumulated Net book
Cost amortization value
As at February 28, 2004
Land $ 8,850 $ – $ 8,850
Buildings and leaseholds 67,148 10,047 57,101
Information technology 91,950 47,605 44,345
Furniture, fixtures, tooling and equipment 78,955 41,542 37,413
$ 246,903 $ 99,194 $ 147,709
During fiscal 2004, the Company sold held-to-
maturity securities with a carrying value of $25,150
due to concerns with the credit quality of the issuer.
The gross realized losses on these sales totaled $6.
Held-to-maturity securities with a carrying value of
$15,203 were called for early redemption by the
issuer. The gross realized gains on these
redemptions were $10.
Investments carry weighted average yields of 3.1%
as at February 28, 2004 (March 1, 2003 – 3.8%)