Blackberry 2008 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2008 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 88

  • 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
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

60
RESEARCH IN MOTION LIMITED
notes to the consolidated financial statements continued
In thousands of United States dollars, except share and per share data, and except as otherwise indicated
noncontrolling interest in the equity of a subsidiary be
accounted for and reported as equity, provides revised
guidance on the treatment of net income and losses
attributable to the noncontrolling interest and changes in
ownership interests in a subsidiary and requires additional
disclosures that identify and distinguish between the interests
of the controlling and noncontrolling owners. Pursuant to the
transition provisions of SFAS 160, the Company will adopt the
standard in the first quarter of fiscal 2010 via retrospective
application of the presentation and disclosure requirements.
The Company does not expect the adoption of SFAS 160
to have a material effect on the consolidated financial
statements.
Disclosures about Derivative Instruments and Hedging
Activities – an Amendment of FASB Statement No. 133
In March 2008, the FASB issued SFAS 161 Disclosures
about Derivative Instruments and Hedging Activities – an
Amendment of FASB Statement No. 133. SFAS 161 enhances
the current disclosure framework in SFAS 133 and requires
enhanced disclosures about why an entity uses derivative
instruments, how derivative instruments are accounted for
under SFAS 133 and how derivative instruments and related
hedged items affect an entity’s financial position, financial
performance and cash flows. SFAS 161 is effective for fiscal
years beginning after November 15, 2008 and the Company
is required to adopt the standard in the first quarter of fiscal
2010. The Company has not yet assessed the impact the
adoption of SFAS 161 would have on its consolidated financial
statements.
The Fair Value Option for Financial Assets and Financial
Liabilities - Including an Amendment of SFAS 115
In February 2007, the FASB issued SFAS 159 The Fair Value
Option for Financial Assets and Financial Liabilities - Including
an Amendment of SFAS 115. SFAS 159 permits entities to
measure many financial instruments and certain other items
at fair value that currently are not required to be measured
at fair value. If elected, unrealized gains or losses on certain
items will be reported in earnings at each subsequent
reporting period. SFAS 159 is effective for the Company as of
the beginning of its 2009 fiscal year. The Company does not
intend to adopt the fair value measurement provisions of this
statement.
Business Combinations
In December 2007, the FASB issued SFAS 141(R) Business
Combinations. SFAS 141(R) replaces SFAS 141 Business
Combinations. SFAS 141(R) is broader in scope than SFAS
141 which applied only to business combinations in which
control was obtained by transferring consideration. SFAS
141(R) applies to all transactions and other events in which
one entity obtains control over one or more other businesses.
SFAS 141(R) is effective for fiscal years beginning after
December 15, 2008 and the Company will adopt the standard
in the first quarter of fiscal 2010 and its effects on future
periods will depend on the nature and significance of any
business combinations subject to this statement.
Noncontrolling Interests in Consolidated Financial
Statements – an amendment of ARB 51
In December 2007, the FASB issued SFAS 160 Noncontrolling
Interests in Consolidated Financial Statements – an
amendment of ARB 51. SFAS 160 requires that the