Financial section page 39 Bombardier Inc. Annual Report 2003-04 Table of contents MANAGEMENT’S DISCUSSION AND ANALYSIS 40 MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL REPORTING 84 AUDITORS’ REPORT  84 CONSOLIDATED BALANCE SHEETS  85 CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY 86 CONSOLIDATED STATEMENTS OF INCOME  87 CONSOLIDATED STATEMENTS OF CASH FLOWS  88 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  89 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  96 HISTORICAL FINANCIAL SUMMARY  134