DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Apr. 30, 2013

Discontinued Operations Tables

Schedule of discontinued operations

The combined assets included in discontinued operations as of April 30, 2013 and October 31, 2012 are summarized as follows:

BALANCE SHEET	4/30/13	10/31/12
ASSETS
Land improvements, buildings & equipment, net	$124,790	$124,790
Land held for investment, principally unimproved	41,892	41,892
Total assets of discontinued operations	$166,682	$166,682

Operating results, including interest expense incurred, of the discontinued operations in three and six months ending April 30, 2013 and 2012 are as follows:

	Three months ended		Six months ended
	4/30/13	4/30/12	4/30/13	4/30/12
Revenues:
Jack in the Box	$0	$0	$0	$10,971
Jack Frost Mountain Ski Area	0	0	0	5,097
Big Boulder Ski Area	0	0	0	5,097
Maple Terrace	3,750	0	7,500	5,750
Total Revenue	3,750	0	7,500	26,915
Expenses (excluding interest):
Jack in the Box	0	0	0	136
Jack Frost Mountain Ski Area	0	7,730	0	7,730
Big Boulder Ski Area	0	186	0	489
Maple Terrace	1,325	0	5,079	14,295
Total Expenses	1,325	7,916	5,079	22,650
Interest expense(calculated on debt related to the property):
Jack in the Box	0	0	0	7,386
Jack Frost Mountain Ski Area	0	0	0	0
Big Boulder Ski Area	0	0	0	0
Maple Terrace	0	0	0	0
Total Interest	0	0	0	7,386
Gain (Loss) on Disposal:
Jack in the Box	0	0	0	9,402
Jack Frost Mountain Ski Area	0	0	0	(4,803)
Big Boulder Ski Area	0	0	0	(4,517)
Maple Terrace	0	0	0	0
Total Gain on Disposal	0	0	0	82
Income (loss) from discontinued operations before income taxes	$2,425	($7,916)	$2,421	($3,039)