page 45 Bombardier Inc. Annual Report 2003-04 Segments Bombarbier Aerospace Bombardier Transportation Bombardier Capital Revenues Fiscal year 2003 Revenues Fiscal year 2004 EBT from continuing operations before special items BC offers secured inventory financing and interim financing of commercial aircraft, prima- rily in North American markets, and manages the wind-down of various portfolios.  Bombardier Transportation, the global leader in the rail equipment manufacturing and serv- icing industry, offers a full range of passenger railcars, as well as complete rail transportation systems. It also manufactures locomotives, freight cars, airport people movers, propulsion and controls and provides rail control solutions. Bombardier Transportation is also a provider  of maintenance services. Bombardier Transportation’s main manufacturing facilities are principally located in Germany, the United Kingdom and the United States. Bombardier Aerospace is a manufacturer of business, regional and amphibious aircraft  and a provider of related services. It offers comprehensive families of regional jet and turboprop commercial aircraft and a wide  range of business jets. It also provides the Bombardier * Flexjet * fractional ownership pro- gram, technical services, aircraft maintenance and pilot training. Bombardier Aerospace’s main manufacturing facilities are principally located in Canada, the United States, and the United Kingdom. Management evaluates the performance of each segment based on EBT. Accordingly, seg- ment information is presented on this basis. Corporate interest costs are only allocated  to the manufacturing segments, based on  the segment’s net assets. Most other corporate charges are allocated to all segments based on each segment’s revenues. The following analysis of operating results cov- ers the activities of Bombardier Aerospace, Bombardier Transportation and BC. Aerospace 53% Transportation 44% BC 3% $21.2 billion Aerospace 53% Transportation 45% BC 2% $21.3 billion 100 80 20 40 0 (20) Aerospace Transportation BC F03 60 (9)% 82% F04 60% 24% 16% 27%