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The following table show the impact of derivative instruments designated as cash flow hedges on the consolidated
statements of operations for the year ended February 27, 2010:
Amount of Gain (Loss)
Recognized in OCI on
Derivative Instruments
(Effective Portion)
Location of Gain (Loss)
Reclassified from
Accumulated OCI into
Income (Effective Portion)
Amount of Gain (Loss)
Reclassified from
Accumulated OCI into
Income (Effective Portion)
Currency Forward Contracts $51,812 Revenue $(34,204)
Currency Forward Contracts $3,069 Cost of sales $ 4,706
Currency Forward Contracts $ 1,897 Selling, marketing and administration $ 2,809
Currency Forward Contracts $4,966 Research and development $ 6,270
The following table show the impact of derivative instruments designated as cash flow hedges on the consolidated
statements of operations for the year ended February 28, 2009:
Amount of Gain (Loss)
Recognized in OCI on
Derivative Instruments
(Effective Portion)
Location of Gain (Loss)
Reclassified from
Accumulated OCI into
Income (Effective Portion)
Amount of Gain (Loss)
Reclassified from
Accumulated OCI into
Income (Effective Portion)
Currency Forward Contracts $ 47,272 Revenue $ 43,212
Currency Forward Contracts $ (9,991) Cost of sales $ (4,425)
Currency Forward Contracts $(14,986) Selling, marketing and administration $ (6,638)
Currency Forward Contracts $(24,977) Research and development $(11,063)
As part of its risk management strategy, the Company may maintain net monetary asset and/or liability balances in
foreign currencies. The Company enters into foreign exchange forward contracts to hedge certain monetary assets and
liabilities that are exposed to foreign currency risk. The principal currencies hedged include the Canadian dollar, Euro, and
British Pound. These contracts are not subject to hedge accounting, and any gains or losses are recognized in income
each period, offsetting the change in the U.S. dollar value of the asset or liability. The maturity dates of these instruments
range from March 2010 to May 2010. As at February 27, 2010, net unrealized gains of $28.9 million were recorded in respect
of these instruments (February 28, 2009 — net unrealized gains of $16.0 million; March 1, 2009 — net unrealized losses of
$6.9 million). Unrealized gains associated with these contracts were recorded in other current assets and selling, marketing
and administration. Unrealized losses were recorded in accrued liabilities and selling, marketing and administration.
The following table shows the fair values of derivative instruments that are not subject to hedge accounting in the
consolidated balance sheets:
Balance Sheet
Classification Fair Value
Balance Sheet
Classification Fair Value
February 27, 2010 February 28, 2009
As at
Currency forward contracts — asset Other current assets $31,014 Other current assets $22,026
Currency forward contracts — liability Accrued liabilities $ 2,126 Accrued liabilities $ 6,071
The following table shows the impact of derivative instruments that are not subject to hedge accounting on the
consolidated statement of operations for the year ended February 27, 2010:
Location of Loss Recognized in Income
on Derivative Instruments
Amount of Loss in Income
on Derivative Instruments
Currency Forward Contracts Selling, marketing and administration $(55,125)
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 17
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