Blackberry 2005 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 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

53
Available-for-sale investments are carried at fair value and comprise the following:
Amortized Unrealized Unrealized Estimated
Cost Gains Losses Fair Value
As at February 26, 2005
Government sponsored enterprise notes $377,492 $ 82 $ (6,198) $ 371,376
Asset-backed securities 227,255 39 (2,444) 224,850
Commercial paper and corporate bonds 352,173 813 (4,637) 348,349
Auction-rate securities 124,788 – – 124,788
$1,081,708 $ 934 $ (13,279) $1,069,363
Classified as Short-Term $314,931 $ 912 $ (348) $ 315,495
Classified as Long-Term 766,777 22 (12,931) 753,868
Total $1,081,708 $ 934 $ (13,279) $1,069,363
As at February 28, 2004
Government sponsored enterprise notes $ 80,086 $ 300 $ – $ 80,386
Asset-backed securities 90,043 1,350 (16) 91,377
Corporate bonds and notes 163,144 4,397 (19) 167,522
$333,273 $ 6,047 $ (35) $ 339,285
Classified as Short-Term $ – $ – $ – $ –
Classified as Long-Term 333,273 6,047 (35) 339,285
Total $ 333,273 $ 6,047 $ (35) $ 339,285
Realized gains and losses on available-for-sale securities comprise the following:
February 26, 2005 February 28, 2004 March 1, 2003
Realized gains $– $16 $ 10
Realized losses –(22) (1)
$– $(6) $ 9
Fair value and unrealized losses position for available-for-sale securities as at February 26, 2005.
Less than 12 months 12 months or more Total
Unrealized Unrealized Unrealized
Fair Value losses Fair Value losses Fair Value losses
Government sponsored
enterprise notes $– $– $351,685 $ 6,198 $ 351,685 $ 6,198
Asset-backed securities – – 215,683 2,444 215,683 2,444
Commercial paper and
corporate bonds 56,267 155 237,989 4,482 294,256 4,637
$56,267 $ 155 $ 805,357 $ 13,124 $ 861,624 $ 13,279
Unrealized losses for government sponsored enterprise notes, asset-backed securities and commercial
paper and corporate bonds were caused by increases in interest rates. The Company does not believe that
it is probable that it will be unable to collect all amounts due according to the contractual terms of the
investments. The Company has the ability and intent to hold these investments, until there is a recovery
of fair value, which may be at maturity. As a result, the Company does not consider these investments
to be other-than-temporarily impaired as at February 26, 2005.
Investments carry weighted average yields of 3.1% as at February 26, 2005 (February 28, 2004 – 3.1%).
For the years ended February 26, 2005, February 28, 2004 and March 1, 2003