Blackberry 2014 Annual Report Download - page 110

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BlackBerry Limited
Notes to the Consolidated Financial Statements
In millions of United States dollars, except share and per share data, and except as otherwise indicated
21
value, if any, is recorded as goodwill, which is not expected to be deductible for tax purposes. The Company includes the
operating results of each acquired business in the consolidated financial statements from the date of acquisition.
The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of
acquisition for fiscal 2013:
For the year ended
March 2, 2013
Assets purchased
Current assets $ 4
Property, plant and equipment 2
Other assets 4
Customer relationship intangible 10
Acquired technology 96
Deferred income tax asset 39
Goodwill(1) 31
186
Liabilities assumed (23)
Deferred income tax liability (38)
(61)
Net non-cash assets acquired 125
Cash acquired 1
Purchase price $ 126
Consideration
Cash consideration $ 93
Fair value of equity interest previously held 20
Contingent consideration(2) 13
$ 126
_______________
(1) Goodwill 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. None of the goodwill
resulting from certain assets purchased in fiscal 2013 is expected to be deductible for tax purposes. The entire
goodwill balance was included in the goodwill impairment charge incurred in fiscal 2013, as discussed in Note
5.
(2) The Company has agreed to additional consideration contingent upon the retention of key employees for a
period of 24 months from the acquisition date.
The weighted-average amortization period of the acquired technology related to the business acquisition completed during
the year ended March 2, 2013 is approximately 4.3 years.
Pro forma results of operations for the acquisitions have not been presented because the effects of the operations,
individually or in aggregate, are not considered to be material to the Company’s consolidated results.