Blackberry 2007 Annual Report Download - page 85

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83
The contractual maturities of debt securities at
March 3, 2007 were recorded as follows:
Cost Basis Fair Value
Due in one year or less $ 958,797 $ 957,551
Due after one year through five years 430,800 425,652
Due after five years through ten years - -
Due after ten years 18,423 18,423
$ 1,408,020 $ 1,401,626
Realized gains and losses on available-for-sale securities
comprise the following:
For the year ended
March 3,
2007 March 4,
2006 February 26,
2005
Realized gains $ - $ 211 $ -
Realized losses -(236) -
$ - $ (25) $ -
Investments with continuous unrealized losses for less than
and greater than 12 months and their related fair values
were as follows:
Less than 12 months 12 months or more Total
Fair Value Unrealized
losses Fair Value Unrealized
losses Fair Value Unrealized
losses
As at March 3, 2007
Government sponsored enterprise notes $ 15,057 $ 6 $ 241,635 $ 2,677 $ 256,692 $ 2,683
Commercial paper and corporate bonds 25,440 3 227,775 3,128 253,215 3,131
Asset-backed securities - - 60,060 802 60,060 802
Bank certificates of deposit 12,118 10 - - 12,118 10
$ 52,615 $ 19 $ 529,470 $ 6,607 $ 582,085 $ 6,626
Less than 12 months 12 months or more Total
Fair Value Unrealized
losses Fair Value Unrealized
losses Fair Value Unrealized
losses
As at March 4, 2006
Government sponsored enterprise notes $ 86,015 $ 1,615 $ 286,255 $ 6,198 $ 372,270 $ 7,813
Commercial paper and corporate bonds 26,810 400 229,965 7,173 256,775 7,573
Asset-backed securities - - 136,711 2,851 136,711 2,851
Bank certificates of deposit 14,046 1 - - 14,046 1
$ 126,871 $ 2,016 $ 652,931 $ 16,222 $ 779,802 $ 18,238
The unrealized losses of $6.6 million for investment grade
debt securities were related to increases in interest rates.
The Company believes that it is probable that it will be able
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 March 3, 2007.