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Current estimated accounting program quantities and the remaining deliveries required to achieve the total accounting program quantity were as follows as at January 31, 2004: 

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$^{(1)}$Remaining deliveries for regional aircraft include 273 firm orders for the Bombardier CRJ Series and 30 firm orders for the Bombardier Q-Series. 

## Analysis of program information 

EOAPC increased by $96 million to $1.4 billion as at January 31, 2004, compared to $1.3 billion as at January 31, 2003. This increase is mainly due to learning curve costs incurred in programs in their early phases of production, essentially the Bombardier Challenger 300, the Bombardier Learjet 40, Bombardier * CRJ900$^{*}$, and the Bombardier CRJ700. These increases were partially offset by reductions in mature programs, where the actual unit 

cost is less than the average cost recognized to income. 

Total program tooling costs amounted to $2.2 billion as at January 31, 2004, com- pared to $2.3 billion as at January 31, 2003. Depreciation for programs under commer- cial production were partially offset by tooling costs incurred for programs under develop- ment or in their early phases of production (Bombardier Global 5000$^{*}$, Bombardier Challenger 300 and Bombardier Learjet 40). 

## Deliveries and backlog 

During fiscal year 2004, Bombardier Aerospace delivered 324 aircraft compared to 298 aircraft for fiscal year 2003. Aircraft delivered during fiscal year 2004 were as follows: 232 regional aircraft, 89 business jets and three amphibious aircraft compared to 220, 77 and one unit respectively for fiscal year 2003. 

The order backlog amounted to $14.5 billion as at January 31, 2004, compared to $18.7 bil- lion as at January 31, 2003 (including $1.4 billion and $1.7 billion, respectively, for Defence Services). The year-over-year reduction in the backlog reflects higher deliveries versus orders received, as well as a negative foreign exchange adjustment of approximately $1.8 billion, relat- ing to a lower exchange rate for the U.S. dollar compared to the Canadian dollar. 

Bombardier Aerospace expects total deliv- eries of aircraft for fiscal year 2005 to remain at a similar level as fiscal year 2004. 

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