page 98 Bombardier Inc. Annual Report 2003-04 NOTE 2. DISCONTINUED OPERATIONS AND ASSETS FOR SALE (CONT ’ D) The assets held for sale and related liabilities were as follows as at January 31, 2003: Receivables were as follows as at January 31: The dollar denomination of trade receivables was attributed based on the invoicing currency. As at January 31, 2004, the receivables transferred to financing structures and outstanding amounted to $336 million ($387 million as at January 31, 2003), $118 million ($169 million as at January 31, 2003) of which were sold. The retained interests provide credit enhancements for the receivables transferred on a fully-serviced basis. These receivables are not available to pay the Corporation’s creditors. The Corporation received proceeds of $1.4 billion on the sale of trade receivables during fiscal year 2004 ($387 million for fiscal year 2003). $^{(1)}$See note 24 – claims. MAS AND RECREATIONAL BELFAST CITY PRODUCTS AIRPORT TOTAL Assets Cash and cash equivalents $ 29 $ – $ 29 Receivables 70 19 89 Inventories 554 4 558 Property, plant and equipment 373 112 485 Other assets 98 1 99 $1,124 $ 136 $1,260 Liabilities Accounts payable and accrued liabilities $ 610 $ 67 $ 677 Long-term debt  4 – 4 Other liabilities 106 47 153 $ 720 $ 114 $ 834 2004 2003 Bombardier Trade receivables Aerospace  U.S. dollars $ 184 $ 188 Canadian dollars 42 131 Other currencies 17 20 Transportation  Euros 552 479 U.S. dollars 258 104 Various western currencies 218 223 Sterling pounds 206 270 Other currencies 120 46 1,597 1,461 Claims (1) 248 303 Retained interests 218 218 Sales tax  132 22 Income tax credit  13 62 Other 137 123 2,345 2,189 Allowance for doubtful accounts  (99) (96) 2,246 2,093 BC 192 166 $2,438 $2,259 3 R ECEIVABLES