Blackberry 2013 Annual Report Download - page 151

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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
During the year ended March 2, 2013, there were 11,189,498 RSUs granted (March 3, 2012 – 7,092,729 RSUs were granted), of
which 6,897,616 will be settled upon vesting by the issuance of new common shares.
Deferred Share Unit Plan
The Company issued 190,612 DSUs in the year ended March 2, 2013. There were 0.3 million DSUs outstanding as at March 2,
2013 (March 3, 2012 – 0.1 million). The Company had a liability of $4.3 million in relation to the DSU plan as at March 2, 2013
(March 3, 2012 - $2 million).
On September 25, 2012, the Company replaced its existing $500 million senior unsecured revolving credit facility with a
syndicate of commercial banks with a $500 million senior secured revolving credit facility (the “Facility”) for working capital
and general corporate purposes with the same syndicate. The Facility, which is subject to certain financial covenants, expires on
September 6, 2013, is secured by accounts receivable and inventory of the Company and certain of its subsidiaries. The
Company has provided collateral of approximately $6 million for its outstanding letters of credit as of March 2, 2013. The
collateral is held with one of the Company’s banking partners and is recorded within short-term investments.
The Company is committed to future minimum annual lease payments related to real estate operating leases as follows:
For the year ended March 2, 2013, the Company incurred rental expense of $91 million (March 3, 2012 - $91 million;
February 26, 2011 - $68 million).
35
10. COMMITMENTS AND CONTINGENCIES
(a) Credit facility
(b) Lease commitments
For the fiscal
y
ears endin
g
2014
$ 67
2015
43
2016
36
2017
31
2018
29
Thereafter
46
$252