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## NOTE 2. DISCONTINUED OPERATIONS AND ASSETS FOR SALE (CONT ’ D) 

The assets held for sale and related liabilities were as follows as at January 31, 2003: 

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## 3 R ECEIVABLES 

Receivables were as follows as at January 31: 

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$^{(1)}$See note 24 – claims. 

The dollar denomination of trade receivables was attributed based on the invoicing currency. 

As at January 31, 2004, the receivables transferred to financing structures and outstanding amounted to $336 million ($387 million as at January 31, 2003), $118 million ($169 million as at January 31, 2003) of which were sold. The retained interests provide credit enhancements for the receivables transferred on a fully-serviced basis. These receivables are not available to pay the Corporation’s creditors. The Corporation received proceeds of $1.4 billion on the sale of trade receivables during fiscal year 2004 ($387 million for fiscal year 2003). 

