page 105 Bombardier Inc. Annual Report 2003-04 10 OTHER ASSETS Other assets were as follows as at January 31: (1) Include licences, patents and trademarks. (2) Loans and investments include $262 million as at January 31, 2004 ($58 million as at January 31, 2003) related to financing structures in the aerospace segment, as well as $89 million  as at January 31, 2004 ($72 million as at January 31, 2003) related to marketable securities and $21 million as at January 31, 2004 (nil as at January 31, 2003) of other long-term receivables. (3) The loan was made in connection with a financing transaction entered into for term-debt management. 2004 2003 Bombardier Intangible assets (1) , net of accumulated amortization of $59 million as at January 31, 2004  ($33 million as at January 31, 2003) $ 274 $ 287 Loans and investments (2) 372 130 Prepaid expenses 197 204 Investment in preferred shares (see note 2) 40 – Other 115 137 998 758 BC Loan (3) 412 – Derivative financial instruments 297 114 Prepaid expenses 75 78 Deposits 58 – Other 119 195 961 387 $1,959 $1,145 11 SHORT-TERM BORROWINGS Short-term borrowings were as follows as at January 31: 2004 2003 Bombardier $ – $ 381 BC 308 2,183 $ 308 $2,564 Under banking syndicate agreements, Bombardier Inc. and some of its subsidiaries must maintain certain financial ratios, a condition which was met as at January 31, 2004 and 2003. Bombardier’s credit facilities and their rates and maturities, were as follows as at January 31:  Bombardier (1) The foreign currency component of the amounts drawn was  € 195 million. 2003 LETTERS OF  AVERAGE MATURITY AMOUNTS CREDIT YEAR-END RATE FOR (FISCAL COMMITTED DRAWN (1) DRAWN AVAILABLE RATE THE YEAR YEAR) European $6,159 $381 $3,574 $2,204 3.1% 3.1% 2004-2008 North American 1,750 – 616 1,134 – 2.9% 2004-2006 $7,909 $381 $4,190 $3,338 2004 LETTERS OF  AVERAGE MATURITY  AMOUNTS CREDIT YEAR-END RATE FOR (FISCAL COMMITTED DRAWN DRAWN AVAILABLE RATE THE YEAR YEAR) European $6,129 $ – $4,484 $1,645 – 2.5% 2005-2008 North American 1,730 – 1,271 459 – 3.9% 2005-2006 $7,859 $ – $5,755 $2,104