page 87 Bombardier Inc. Annual Report 2003-04 Consolidated statements of income FOR THE YEARS ENDED JANUARY 31 (MILLIONS OF CANADIAN DOLLARS, BOMBARDIER INC. EXCEPT PER SHARE AMOUNTS) CONSOLIDATED BOMBARDIER BC NOTES 2004 2003 2004 2003 2004 2003 Revenues Manufacturing $17,270 $17,140 $17,270 $17,140 $ – $ – Services 2,407 2,310 2,407 2,310 – – Financing 447 493 – – 681 895 Other 1,197 1,246 1,197 1,246 – – 21,321 21,189 20,874 20,696 681 895 Cost of sales 18,297 18,097 18,186 18,081 345 418 Selling, general and administrative  1,368 1,498 1,238 1,305 130 193 Depreciation and amortization 793 806 660 626 133 180 Research and development 188 191 188 191 – – Special items  18 429 1,311 429 1,311 – – Income from BC – – (44) (63) – – 21,075 21,903 20,657 21,451 608 791 246 (714) 217 (755) 73 104 Interest expense, net 17 236 216 236 216 – – Income (loss) from continuing operations before income taxes 10 (930) (19) (971) 73 104 Income tax expense (recovery) 19 205 (221) 176 (262) 29 41 Income (loss) from continuing operations (195) (709) (195) (709) 44 63 Income from discontinued operations, net of tax 2 106 94 106 94 – – Net income (loss) $ (89) $ (615) $ (89) $ (615) $4 4 $ 63  Earnings (loss) per share: 16 Basic and diluted From continuing operations $( 0 . 13) $( 0 . 54) From discontinued operations 0.06 0.07 $( 0 . 07) $( 0 . 47) The accompanying summary of significant accounting policies and notes are an integral part of these Consolidated Financial Statements and provide information  on the financial statement presentation.