Blackberry 2011 Annual Report Download - page 75

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The following table summarizes the changes in fair value of the Company’s Level 3 assets for the year ended February 26, 2011:
Level 3
Balance at February 28, 2009 $52
Transfers out of Level 3 (4)
Balance at February 27, 2010 48
Change in market values 2
Transfers out of Level 3 (4)
Transfers into Level 3 25
Balance at February 26, 2011 $71
The Company recognizes transfers into and out of levels within the fair value hierarchy at the end of the reporting period in which
the actual event or change in circumstance occurred. During the year ended February 26, 2011, the Company transferred $25 million
into Level 3 from bank balances representing the trust claim on LBIE bankruptcy assets. There were no other significant transfers in or
out of Level 1, Level 2 or Level 3 during the year.
6. CONSOLIDATED BALANCE SHEETS DETAIL
Inventories
Inventories were comprised as follows:
February 26,
2011
February 27,
2010
As at
Raw materials $ 552 $490
Work in process 222 232
Finished goods 94 55
Provision for excess and obsolete inventories (250) (117)
$ 618 $660
Property, plant and equipment, net
Property, plant and equipment were comprised of the following:
February 26,
2011
February 27,
2010
As at
Cost
Land $128 $97
Buildings, leaseholds and other 1,155 934
BlackBerry operations and other information technology 1,803 1,153
Manufacturing equipment, research and development equipment, and tooling 380 347
Furniture and fixtures 433 347
3,899 2,878
Accumulated amortization 1,395 921
Net book value $2,504 $1,957
As at February 26, 2011, the carrying amount of assets under construction was $296 million (February 27, 2010 — $254 million).
Of this amount, $164 million (February 27, 2010 — $111 million) was included in buildings, leaseholds and other; $131 million
62 RESEARCH IN MOTION ANNUAL REPORT 2011
RESEARCH IN MOTION LIMITED
Notes to the Consolidated Financial Statements
continued
In millions of United States dollars, except share and per share data, and except as otherwise indicated