Blackberry 2013 Annual Report Download - page 161

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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 shows the impact of derivative instruments designated as cash flow hedges on the consolidated statement of
operations for the year ended March 3, 2012:
As part of its currency risk management 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 realized and unrealized 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 2013 to September 2013. As at March 2, 2013, net unrealized gains of $29 million were recorded in respect of these
instruments (March 3, 2012 - net unrealized losses of $14 million). Unrealized gains associated with these contracts were
recorded in other current assets and selling, marketing and administration expenses. Unrealized losses were recorded in accrued
liabilities and selling, marketing and administration expenses.
45
Amount of Gain (Loss) Amount of Gain (Loss)
Recognized in OCI on Location of Gain (Loss) Reclassified Reclassified from Accumulated
Derivative Instruments from Accumulated OCI into Income OCI into Income
(Effective Portion) (Effective Portion) (Effective Portion)
Currency forward contracts $16 Revenue $(83)
Currenc
y
o
p
tion contracts
8 Revenue (3)
Currenc
y
forward contracts 5 Cost of sales 11
Currenc
y
o
p
tion contracts
1 Cost of sales
—
Currency forward contracts
6
Selling, marketing and
administration 12
Currency option contracts
2
Selling, marketing and
administration
—
Currenc
y
forward contracts 10 Research and develo
p
ment 15
Currenc
y
o
p
tion contracts
3 Research and develo
p
ment
—
Amount of Gain (Loss) Amount of Gain (Loss)
Recognized in Income on Location of Gain (Loss) Reclassifie
d
Reclassified from Accumulated
Derivative Instruments
(Ineffective Portion)
from Accumulated OCI into Income
(Ineffective Portion)
OCI into Income
(Ineffective Portion)
Currency forward
contracts
$
—
Selling, marketing and
administration $(2)