Ann: Dispatch of Offer Booklet, page-25

I don't know what you mean by hidden corporate losses either but I can tell you that once Maggie Beer (currently a separate corporate entity) is folded into Longtable (a separate corporate entity of Paris Creek and St David Dairy) there will be significant cost savings in running everything under one corporate umbrella, to say nothing of the synergies and cost benefits from all 3 businesses feeding into each other.