Blackberry 2005 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 2005 Blackberry annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

39
For the years ended February 26, 2005, February 28, 2004 and March 1, 2003
Report of Independent Registered Public Accounting Firm
To the Shareholders of Research In Motion Limited
We have audited the consolidated balance sheets of Research In Motion Limited as at February 26, 2005 and
February 28, 2004 and the consolidated statements of operations, shareholders’ equity and cash flows for the years
ended February 26, 2005 and February 28, 2004. 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 and the standards of
the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
We were not engaged to perform an audit of the Company’s internal control over financial reporting. Our audits
included consideration of internal control over financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances; but not for the purpose of expressing an opinion on the effectiveness of the
Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by management, and evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, these consolidated financial statements present fairly, in all material respects, the consolidated financial
position of the Company as at February 26, 2005 and February 28, 2004 and the consolidated results of its operations
and its cash flows for the years ended February 26, 2005 and February 28, 2004 in conformity with United States
generally accepted accounting principles.
On March 31, 2005, we reported separately to the shareholders of the Company on the consolidated financial
statements for the same periods, prepared in accordance with Canadian generally accepted accounting principles.
Toronto, Canada,
March 31, 2005. Chartered Accountants
Independent Auditors’ Report
To the Shareholders of Research In Motion Limited
We have audited the consolidated statements of operations, shareholders’ equity and cash flows of Research In
Motion Limited for the year ended March 1, 2003. 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 audit.
We conducted our audit in accordance with Canadian generally accepted auditing standards and the standards of
the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
We were not engaged to perform an audit of the Company’s internal control over financial reporting. Our audit included
consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate
in the circumstances; but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal
control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting
principles used and significant estimates made by management, and evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, these consolidated financial statements present fairly, in all material respects, the consolidated results
of the Company’s operations and its cash flows for the year ended March 1, 2003 in conformity with United States
generally accepted accounting principles.
On March 28, 2003, we reported separately to the shareholders of the Company on the consolidated financial
statements for the same period, prepared in accordance with Canadian generally accepted accounting principles.
Toronto, Canada,
March 28, 2003. Chartered Accountants Chartered Accountants