Blackberry 2007 Annual Report Download - page 89

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87
For the year ended
March 3,
2007 March 4,
2006 February 26,
2005
(Restated -
note 4) (Restated -
note 4)
Income before income taxes:
Canadian $ 718,004 $ 445,749 $ 50,147
Foreign 140,941 35,770 16,025
$ 858,945 $ 481,519 $ 66,172
The provision for (recovery of) income taxes consists of
the following:
For the year ended
March 3,
2007 March 4,
2006 February 26,
2005
(Restated -
note 4) (Restated -
note 4)
Provision for (recovery of) income taxes:
Current
Canadian $ 114,073 $ 11,608 $ 655
Foreign 9,480 2,907 770
Deferred
Canadian 100,261 92,340 (143,061)
Foreign 3,559 8 2,196
$ 227,373 $ 106,863 $ (139,440)
Deferred income tax assets and liabilities consist of the
following temporary differences:
As at
March 3,
2007 March 4,
2006
Assets
Financing costs $ 3,077 $ 6,378
Non-deductible reserves 41,917 16,166
Research and development incentives -84,487
Tax loss carryforwards 18,669 11,201
Unrealized losses on financial instruments 2,712 -
Other tax carryforwards 1,187 5,276
Net deferred income tax assets 67,562 123,508
Liabilities
Capital assets 63,408 46,193
Unrealized gains on financial instruments -8,609
Research and development incentives 26,723 -
Net deferred income tax liabilities 90,131 54,802
Net deferred income tax asset (liability) $ (22,569) $ 68,706
Deferred income tax asset - current $ 21,624 $ 96,564
Deferred income tax asset - long term 8,339 -
Deferred income tax liability - long-term (52,532) (27,858)
$ (22,569) $ 68,706