page 123 Bombardier Inc. Annual Report 2003-04 NOTE 23. EMPLOYEE FUTURE BENEFITS (CONT ’ D) The following tables provide a reconciliation of the changes in the pension plans’ projected benefit obligation and fair value of assets as  at the December - 31 measurement date, preceding the fiscal year end and their allocation by major countries: Projected benefit obligation 2004 2003 CANADA FOREIGN TOTAL CANADA FOREIGN TOTAL Obligation at beginning of year $2,008 $3,798 $5,806 $1,831 $3,157 $4,988 Current service cost 87 135 222 83 122 205 Interest cost 138 199 337 126 200 326 Plan participant contributions 29 35 64 24 32 56 Plan amendments 17 (33) (16) 38 2 40 Actuarial loss (gain) 179 309 488 (9) – (9) Benefits paid (96) (115) (211) (80) (102) (182) Transfers – 5 5 – 8 8 Divestitures (172) (73) (245) – – – Curtailment (27) (21) (48) (16) (2) (18) Settlement – – – – (7) (7) Special termination benefits 8 1 9 11 – 11 Effect of exchange rate changes – (145) (145) – 388 388 Obligation at end of year $2,171 $4,095 $6,266 $2,008 $3,798 $5,806 United Kingdom $2,683 $2,319 Canada 2,171 2,008 United States 467 457 Germany 450 441 Switzerland 284 308 Other 211 273 $6,266 $5,806 Plan assets 2004 2003 CANADA FOREIGN TOTAL CANADA FOREIGN TOTAL Fair value at beginning of year $1,310 $1,842 $3,152 $1,418 $1,960 $3,378 Actual return on plan assets 95 185 280 (151) (353) (504) Employer contributions 221 130 351 99 111 210 Plan participant contributions 29 35 64 24 32 56 Benefits paid (96) (115) (211) (80) (102) (182) Transfers – 5 5 – 8 8 Divestitures (86) – (86) – – – Settlement – – – – (8) (8) Effect of exchange rate changes – (91) (91) – 194 194 Fair value at end of year $1,473 $1,991 $3,464 $1,310 $1,842 $3,152 United Kingdom $1,523 $1,401 Canada 1,473 1,310 United States 245 210 Switzerland 191 196 Other 32 35 $3,464 $3,152