Blackberry 2012 Annual Report Download - page 146

Research In Motion Limited
Notes to the Consolidated Financial Statements
In millions of United States dollars, except share and per share data, and except as otherwise indicated
The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition
along with prior year’s acquisition allocations:
25
For the year ended
March 3,
2012
February 26,
2011
February 27,
2010
Assets purchased
Current assets $12 $ 11 $19
Pro
p
ert
y
,
p
lant and e
q
ui
p
ment 3 5
—
Other assets
6
—
—
Customer relationshi
p
intan
g
ible 16
—
—
Ac
q
uired technolo
gy
72 152 73
In-
p
rocess research and develo
p
ment 5
—
—
Patents
—
—
37
Deferred income tax asset 4 1 26
Goodwill
151 357 13
269 526 168
Liabilities assumed 29 11 15
Deferred income tax liability 9 17 1
38 28 16
Net non-cash assets acquired 231 498 152
Cash ac
q
uired 6 1 9
Net assets acquired 237 499 161
Excess of net assets ac
q
uired over consideration
p
aid
—
—
(9)
Purchase price $237 $ 499 $ 152
Consideration
Cash consideration $232 $ 494 $ 152
Contin
g
ent consideration 5 5
—
$237 $ 499 $ 152
(1) Represents the excess of the acquisition price over the fair value of net assets acquired, which is not expected to be deductible
for tax purposes when goodwill results from share purchases. Goodwill as a result of certain assets purchased is expected to be
deductible for tax
p
ur
p
oses in the amount of a
pp
roximatel
y
$10 million.
(2) In fiscal 2010, the Company recorded a gain of $9 million as a result of the excess of net assets acquired over consideration paid
on one of the acquisitions. The excess of the fair value of net assets acquired over consideration paid resulted from the
combination of the significant value attributed to the identifiable intangible assets and the Company’s ability to utilize tax losses
of an acquiree, which was generally not available to other market participants. The gain was recognized in selling, marketing
and administration durin
g
fiscal 2010.
(1)
(2)
(3)