page 38 Bombardier Inc. Annual Report 2003-04 Financial highlights FOR THE YEARS ENDED JANUARY 31  (MILLIONS OF CANADIAN DOLLARS, EXCEPT PER SHARE AMOUNTS AND BACKLOG) 2004 2003 Revenues $21,321 $ 21,189 Income before special items and income taxes $ 439 $ 381 Income tax expense (recovery) $ 205 $ (221) Net loss $ (89) $ (615) Loss per share–basic $( 0 . 07) $ (0.47) Dividend per common share Class A 0.09 0.18 Class B 0.091563 0.181563 AS AT JANUARY 31 2004 2003 Total assets $25,569 $ 29,124 Shareholders’ equity $3,250 $2 , 7 4 1 Additions to property, plant and equipment, net $ 252 $ 633 Total backlog  (BILLIONS OF CANADIAN DOLLARS) $ 45.9 $ 44.4 Book value per common share  (CANADIAN DOLLARS) $1 . 5 $ 1.60 Number of common shares Class A 342,018,248 342,020,138 Class B 1,407,566,670 1,035,666,780 (IN CANADIAN DOLLARS) 2004 2003 Class A High $6 . 3 2 $1 5 . 67 Low $2 . 9 5 $ 3.19 Close $5 . 9 6 $ 5.34 Class B High $6 . 2 8 $1 5 . 67 Low $2 . 5 6 $ 3.13 Close $5 . 9 $ 5.12 Stock market price range Market capitalization  $10,480 million (AS AT JANUARY 31, 2004) Jan. 2003 March 2003 May 2003 July 2003 Sept. 2003 Nov. 2003 Jan. 2004 40 60 80 *100 140 120 BBD S&P 500 SPTSX *Index: closing price as at January 31, 2003 = 100 Bombardier’s stock performance JANUARY 31, 2003 TO JANUARY 31, 2004