4. Condensed Financial Information

12 Months Ended

Oct. 31, 2011

Notes

4. Condensed Financial Information:

4. CONDENSED FINANCIAL INFORMATION:

Condensed financial information of Blue Ridge and its subsidiaries and Big Boulder and its subsidiaries, at October 31, 2011, 2010 and 2009 and for each of the years then ended is as follows:

	Blue Ridge and Subsidiaries
	10/31/11	10/31/10	10/31/09
FINANCIAL POSITION:
Total assets	$51,526,111	$54,244,597	$56,121,655
Total liabilities	33,108,155	33,548,251	32,643,664
Shareholders' equity	18,417,958	20,696,349	23,477,988
OPERATIONS:
Revenues	3,427,638	3,823,407	12,301,912
Income (loss) from continuing operations before taxes	(2,580,184)	(5,351,948)	2,392,973
Provision (credit) for income taxes	(873,000)	(1,978,000)	859,000
Net (loss) income	($1,709,510)	($3,156,971)	$1,746,485

	Big Boulder and Subsidiaries
	10/31/11	10/31/10	10/31/09
FINANCIAL POSITION:
Total assets	$13,579,598	$16,012,793	$16,837,726
Total liabilities	2,243,617	3,911,556	4,484,387
Shareholders' equity	11,335,979	12,101,234	12,353,342
OPERATIONS:
Revenues	2,269,508	1,608,872	3,213,353
Loss from continuing operations before taxes	(1,325,388)	(635,570)	(2,912,112)
Provision (credit) for income taxes	(451,000)	(201,000)	(1,141,000)
Net (loss)	($765,255)	($252,109)	($1,597,239)