Blackberry 2014 Annual Report Download - page 126

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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
37
During fiscal 2014, changes in forecasts and uncertainty in the probability of cash flows caused certain forward and
option contracts hedging exposures relating to anticipated foreign currency transactions to no longer qualify for hedge
accounting, and the Company de-designated and closed these forward and option contracts. As a result, unrealized losses
of $9 million (fiscal 2013 – nil) were transferred from AOCI to selling, marketing and administration.
The following table shows the impact of derivative instruments designated as cash flow hedges on the consolidated
statements of operations and the consolidated statements of comprehensive income (loss) for the year ended March 1,
2014:
Amount of Gain (Loss)
Recognized in OCI on
Derivative Instruments
(Effective Portion)
Location of Gain (Loss) Reclassified
from Accumulated OCI into Income
(Effective Portion)
Amount of Gain (Loss)
Reclassified from Accumulated
OCI into Income
(Effective Portion)
Currency option contracts $ — Revenue $ (7)
Currency forward contracts (1) Cost of sales (2)
Currency forward contracts (2) Selling, marketing and administration (4)
Currency forward contracts (4) Research and development (6)
Currency option contracts (1) Research and development —
Amount of Gain (Loss)
Recognized in Income on
Derivative Instruments
(Ineffective Portion)
Location of Gain (Loss) Reclassified
from AOCI into Income (Ineffective
Portion)
Amount of Gain (Loss)
Reclassified from Accumulated
OCI into Income
(Ineffective Portion)
Currency forward contracts $ — Selling, marketing and administration $ (4)
Amount of Gain (Loss)
Recognized in Income on
Derivative Instruments
(Unqualified Portion)
Location of Gain (Loss) Reclassified
from AOCI into Income (Unqualified
Portion)
Amount of Gain (Loss)
Reclassified from Accumulated
OCI into Income
(Unqualified Portion)
Currency forward contracts $ — Selling, marketing and administration $ (9)
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 2, 2013:
Amount of Gain (Loss)
Recognized in OCI on
Derivative Instruments
(Effective Portion)
Location of Gain (Loss) Reclassified
from Accumulated OCI into Income
(Effective Portion)
Amount of Gain (Loss)
Reclassified from Accumulated
OCI into Income
(Effective Portion)
Currency forward contracts $ 7 Revenue $ 52
Currency option contracts (10) Revenue (5)
Currency forward contracts (1) Cost of sales 5
Currency option contracts — Cost of sales —
Currency forward contracts (2) Selling, marketing and
administration 5
Currency option contracts —Selling, marketing and
administration —
Currency forward contracts (1) Research and development 11
Currency option contracts (1) Research and development (1)
Amount of Gain (Loss)
Recognized in Income on
Derivative Instruments
(Ineffective Portion)
Location of Gain (Loss) Reclassified
from Accumulated OCI into Income
(Ineffective Portion)
Amount of Gain (Loss)
Reclassified from Accumulated
OCI into Income
(Ineffective Portion)
Currency forward contracts $ — Selling, marketing and
administration $ 8
In addition to the outstanding forward and option contracts hedging exposures relating to anticipated foreign currency
transactions that no longer qualify for hedge accounting, the Company has also entered into other forward and option