12 unchanged sentences
If overall foreign currency exchanges rates to the U.S.
−Removed: dollar uniformly weakened or strengthened by 10% related to the Company’s net monetary asset or liability balances in foreign currencies at February 28, 2021 and February 29, 2020 (after hedging activities), the impact to the Company would be immaterial.
+Added: dollar uniformly weakened or strengthened by 10% related to the Company’s net monetary asset or liability balances in foreign currencies at February 28, 2022 or February 28, 2021 (after hedging activities), the impact to the Company would be immaterial.
The Company regularly reviews its currency forward and option positions, both on a stand-alone basis and in conjunction with its underlying foreign currency exposures.
5 unchanged sentences
The fair value of investments, as well as the investment income derived from the investment portfolio, will fluctuate with changes in prevailing interest rates.
−Removed: The Company has also issued the Debentures as described in Note 7 to the Consolidated Financial Statements.
+Added: The Company has also issued Debentures with a fixed interest rate as described in Note 6 to the Consolidated Financial Statements.
The fair value of the 1.75% Debentures will fluctuate with changes in prevailing interest rates.
5 unchanged sentences
The ACL as at February 28, 2022 was $4 million (February 28, 2021 - $10 million).
−Removed: There was one customer that comprised more than 10% of accounts receivable as at February 28, 2021 (February 29, 2020 - two customers that comprised more than 10%).
−Removed: During fiscal 2021, the percentage of the Company’s receivable balance that was past due increased by 1.6% compared to the fourth quarter of fiscal 2020.
−Removed: Although the Company actively monitors and attempts to collect on its receivables as they become due, the risk of further delays or challenges in obtaining timely payments from its distributor partners (such as resellers and network carriers) exists.
+Added: There was no customer that comprised more than 10% of accounts receivable as at February 28, 2022 (February 28, 2021 - one customer that comprised more than 10%).
+Added: During fiscal 2022, the percentage of the Company’s receivable balance that was past due decreased by 4.5% compared to the fourth quarter of fiscal 2021.
+Added: Although the Company actively monitors and attempts to collect on its receivables as they become due, the risk of further delays or challenges in obtaining timely payments of receivables from resellers and other distributor partners exists.
The occurrence of such delays or challenges in obtaining timely payments could negatively impact the Company’s liquidity and financial condition.
−Removed: The Company’s sales to Teletry represented approximately 3% of the Company’s revenue in the fourth quarter of fiscal 2021 (fourth quarter of fiscal 2020 - 18%) and 22% of the Company’s revenue in fiscal 2021 (fiscal 2020 - 13%).
−Removed: No other individual customer accounted for more than 10% of the Company’s revenue in the fourth quarter of fiscal 2021 or in fiscal 2021 and fiscal 2020.
−Removed: One other individual customer accounted for more than 10% of the Company’s revenue in the fourth quarter of fiscal 2020.
−Removed: In fiscal 2018, the Company entered into a strategic licensing agreement with Teletry under which Teletry may sublicense a broad range of the Company’s patents to global smartphone manufacturers.
−Removed: The Company also continues to operate its own licensing program outside of Teletry’s sublicensing rights.
+Added: There was one customer that comprised 11% of the Company’s revenue in fiscal 2022 (fiscal 2021 - one customer that comprised 22%).
Market values are determined for each individual security in the investment portfolio.
−Removed: The Company assesses declines in the value of individual investments for impairment to determine whether the decline is other-than-temporary.
+Added: The Company assesses declines in the value of individual investments for impairment.
The Company makes this assessment by considering available evidence including changes in general market conditions, specific industry and individual company data, the length of time and the extent to which the fair value has been less than cost, the financial condition, the near-term prospects of the individual investment and the Company’s ability and intent to hold the debt securities to maturity.
−Removed: During fiscal 2021, the Company recorded nil in impairment charges related to private equity investments without readily determinable fair value (fiscal 2020 - $3 million and fiscal 2019 - nil).
−Removed: See Note 14 to the Consolidated Financial Statements for additional information regarding the Company’s credit risk as it pertains to its foreign exchange derivative counterparties.
+Added: During fiscal 2022, the Company recorded nil in impairment charges related to non-marketable equity investments without readily determinable fair value (fiscal 2021 - nil and fiscal 2020 - $3 million).
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.