Blackberry 2006 Annual Report Download - page 63

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Research In Motion Limited • Incorporated Under the Laws of Ontario (In thousands of United States dollars, except per share data, and except as otherwise indicated)
Annual Report 2006 61
For the years ended March 4, 2006, February 26, 2005 and February 28, 2004
The scheduled long-term debt principal payments for the scal years 2007 through to maturity
are as follows:
For the years ending
2007 $ 262
2008 281
2009 301
2010 6,269
$ 7, 1 1 3
As at March 4, 2006, the Company has a $70 million Letter of Credit Facility (“the Facility”) with a
Canadian nancial institution and utilized $48 million of the Facility to post a Standby Letter of Credit
(“LC”) in order to secure the Company’s liability and funding obligation in the NTP matter as described in
note 15. The Company has utilized an additional $15.6 million of the Facility to secure other operating and
nancing requirements. As at March 4, 2006, $6.4 million of the Facility was unused. The Company has
pledged specic investments as security for this Facility.
As a result of the settlement of the NTP matter as described in note 15, the Company cancelled the LC
with respect to the funding obligation in the NTP matter, on March 6, 2006, subsequent to the scal 2006
year end.
The Company has additional credit facilities in the amount of $17.7 million to support and secure other
operating and nancing requirements; as at March 4, 2006, $16.3 million of these facilities were unused.
A general security agreement and a general assignment of book debts have been provided as collateral
for these facilities.
11. Capital Stock
(a) Share capital
The Company is authorized to issue an unlimited number of non-voting, redeemable, retractable Class A
common shares, an unlimited number of voting common shares and an unlimited number of non-voting,
cumulative, redeemable, retractable preferred shares. There are no Class A common shares or preferred
shares outstanding.
The Company declared an effective two-for-one stock split in the form of a one-for-one stock dividend
payable on June 4, 2004 for all shareholders of record as at close of business on May 27, 2004. All
common shares, earnings per share and stock option data for the current, year-to-date and prior
comparative periods have been adjusted to reect this stock dividend. In addition, the effect of this stock
dividend doubled the number of stock options outstanding and reduced the exercise prices of these stock
options by half of the original exercise price.