Blackberry 2013 Annual Report Download - page 139

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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
Goodwill
Changes to the carrying amount of goodwill during the fiscal year ended March 2, 2013 were as follows:
The Company performed a goodwill impairment analysis during the fourth quarter of fiscal 2012 and concluded that impairment
existed. Based on the results of that test, the Company recorded a goodwill impairment charge of $355 million in the fourth
quarter of fiscal 2012.
Due to business conditions and a continued significant decline in the Company’s market capitalization, the Company concluded
that goodwill impairment indicators existed and an interim goodwill impairment assessment was required in the first quarter of
fiscal 2013. In the first step of the goodwill impairment test, the estimated fair value of the Company was determined utilizing a
market-based approach and the Company’s market capitalization was used as a key input for the determination of fair value of
the Company. The Company’s market capitalization was determined by multiplying the number of shares outstanding as at
June 2, 2012 by the average closing market price of the Company’s common shares over the preceding five-day period. The
Company used
23
Accumulated
Gross
Amount
Impairment
Losses
Net
Amount
Balance as at Februar
y
26, 2011 508
—
508
Goodwill ac
q
uired throu
g
h business combinations durin
g
the
y
ear 151 (355)
(204)
Balance as at March 3, 2012 659 (355) 304
Goodwill ac
q
uired throu
g
h business combinations durin
g
the
y
ear 31
—
31
Goodwill im
p
airment char
g
e
—
(335) (335)
Balance as at March 2, 2013 $690
$ (690) $
—