COMBINED BALANCE SHEETS (USD $)	Oct. 31, 2012	Oct. 31, 2011
ASSETS
Land and land development costs (3,012 and 3,388 acres per land ledger, respectively)	$ 20,352,066	$ 20,642,787
Land improvements, buildings and equipment, net	21,043,068	22,438,253
Land held for investment, principally unimproved (10,404 and 10,407 acres per land ledger, respectively)	6,848,390	6,848,488
Long-lived assets held for sale (377 and 6 acres per land ledger, respectively)	846,174	2,941,148
Cash and cash equivalents	497,409	377,158
Cash held in escrow	205,493	211,881
Prepaid expenses and other assets	468,828	483,434
Accounts receivable and mortgages receivable	143,382	160,290
Assets of discontinued operations (1 and 312 acres per land ledger, respectively)	166,682	11,002,270
Total Assets	50,571,492	65,105,709
LIABILITIES:
Debt	16,880,416	27,113,120
Accounts payable	140,956	437,783
Accrued liabilities	311,097	415,935
Deferred income	695,981	733,734
Amounts due to related parties	0	24,792
Accumulated deferred income taxes	481,633	2,303,708
Accrued pension expense	4,240,964	3,312,316
Liabilities of discontinued operations		1,010,384
Total liabilities	22,751,047	35,351,772
COMBINED SHAREHOLDERS' EQUITY:
Capital stock, without par value, stated value $.30 per combined share, Blue Ridge and Big Boulder each authorized 3,000,000 shares, each issued 2,732,442	819,731	819,731
Capital in excess of stated value	19,829,475	19,829,475
Earnings retained in the business	12,203,825	13,462,459
Accumulated other comprehensive loss	(2,947,179)	(2,272,321)
Shareholders' equity before capital stock in treasury	29,905,852	31,839,344
Less cost of 282,018 combined shares of capital stock in treasury	2,085,407	2,085,407
Total shareholders' equity	27,820,445	29,753,937
Total liabilities and shareholders' equity	$ 50,571,492	$ 65,105,709