Slide 13 of 23
Notes:
- Our final strategy is to make our balance sheet more productive.
- We have steadily been making progress on sales of our non-strategic assets. In fiscal 2003, the sale of the La Famiglia facility in Oakville not the brand; the production facility and land plus the sale of acreage in the Central Coast region removed assets with $21 million in net book value from our balance sheet. We have identified additional assets for sale with net book value of approximately $45 to 50 million, which should get us to a total of about $65 to70 million in asset reductions.
