Blackberry 2010 Annual Report Download - page 82

Download and view the complete annual report

Please find page 82 of the 2010 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 98

  • 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
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

10. INCOME TAXES
The difference between the amount of the provision for income taxes and the amount computed by multiplying income
before income taxes by the statutory Canadian tax rate is reconciled as follows:
February 27,
2010
February 28,
2009
March 1,
2008
For the year ended
Statutory Canadian tax rate ................................................................. 32.8% 33.4% 35.7%
Expected income tax provision .............................................................. $ 1,072,395 $ 935,881 $ 645,994
Differences in income taxes resulting from:
Impact of Canadian U.S. dollar functional currency election .............. (145,000) – –
Investment tax credits ........................................................................ (101,214) (81,173) (58,726)
Manufacturing and processing activities ............................................ (52,053) (49,808) (24,984)
Foreign exchange .............................................................................. 2,837 99,575 (30,826)
Foreign tax rate differences ............................................................... 5,291 (16,273) (29,909)
Non-deductible stock compensation .................................................. 9,600 10,500 10,400
Adjustments to deferred tax balances for enacted changes in tax
laws and rates ............................................................................... 7,927 1,260 (4,648)
Other differences............................................................................... 9,583 7,785 9,352
$ 809,366 $ 907,747 $ 516,653
February 27,
2010
February 28,
2009
March 1,
2008
For the year ended
Income before income taxes:
Canadian .......................................................................................... $ 2,999,263 $ 2,583,976 $ 1,635,074
Foreign.............................................................................................. 267,247 216,387 175,446
$ 3,266,510 $ 2,800,363 $ 1,810,520
The provision for (recovery of) income taxes consists of the following:
February 27,
2010
February 28,
2009
March 1,
2008
For the year ended
Provision for (recovery of) income taxes:
Current Canadian.............................................................................. $ 695,790 $ 880,035 $ 555,895
Foreign ............................................................................................. 62,642 68,501 31,950
Deferred Canadian ........................................................................... 20,965 (36,013) (73,294)
Foreign ............................................................................................. 29,969 (4,776) 2,102
$ 809,366 $ 907,747 $ 516,653
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
NOTE 10
74