Blackberry 2012 Annual Report Download - page 166

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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 show the impact of derivative instruments designated as cash flow hedges on the consolidated statements of
operations for the year ended February 26, 2011:
As part of its risk mitigation 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 2012 to
August 2012. As at March 3, 2012, net unrealized losses of $14 million were recorded in respect of these instruments (February
26, 2011 – net unrealized losses of $46 million; February 27, 2010 – net unrealized gains of $29 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:
45
Amount of Gain
Recognized in OCI on
Derivative Instruments
(Effective Portion)
Location of Gain
Reclassified from
Accumulated OCI into
Income (Effective Portion)
Amount of Gain
Reclassified from
Accumulated OCI into
Income (Effective Portion)
Currency Forward Contracts
$(73)
Revenue
$17
Currenc
y
O
p
tion Contracts
$(1)
Revenue
$
—
Currenc
y
Forward Contracts
$13
Cost of sales
$ 1
0
Currency Forward Contracts
$17
Selling, marketing
and administration
$13
Currency Forward Contracts
$23
Research and
development
$16
As at
March 3, 2012 February 26, 2011
Balance Sheet
Classification Fair Value
Balance Sheet
Classification Fair Valu
e
Currency forward contracts - asset
Other current assets
$13
Other current assets
$ 6
Currenc
y
forward contracts - liabilit
y
Accrued liabilities
$28
Accrued liabilities
$52