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COMBINED BALANCE SHEETS (Unaudited) (USD $)
Apr. 30, 2013
Oct. 31, 2012
Oct. 31, 2011
ASSETS      
Land and land development costs $ 15,904,071 $ 20,352,066 $ 20,642,787
Land improvements, buildings and equipment, net 19,859,880 21,043,068 22,438,253
Land held for investment 6,399,468 6,848,390 6,848,488
Long-lived assets held for sale 1,660,757 846,174 2,941,148
Cash and cash equivalents 376,073 497,409 377,158
Cash held in escrow 142,903 205,493 211,881
Prepaid expenses and other assets 275,286 468,828 483,434
Accumulated deferred tax asset 1,321,367    
Accounts receivable and mortgages receivable 120,319 143,382 160,290
Assets of discontinued operations 166,682 166,682 11,002,270
Total Assets 46,226,806 50,571,492 65,105,709
LIABILITIES:      
Debt 16,775,403 16,880,416 27,113,120
Accounts payable 217,919 140,956 437,783
Accrued liabilities 223,586 311,097 415,935
Deferred income 301,889 695,981 733,734
Amounts due to related parties   0 24,792
Accumulated deferred income taxes 0 481,633 2,303,708
Accrued pension expense 4,387,612 4,240,964 3,312,316
Liabilities of discontinued operations     1,010,384
Total liabilities 21,906,409 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 819,731 819,731 819,731
Capital in excess of stated value 19,829,475 19,829,475 19,829,475
Earnings retained in the business 8,703,777 12,203,825 13,462,459
Accumulated other comprehensive loss (2,947,179) (2,947,179) (2,272,321)
Shareholders' equity before capital stock in treasury 26,405,804 29,905,852 31,839,344
Less cost of 282,018 combined shares of capital stock in treasury 2,085,407 2,085,407 2,085,407
Total shareholders' equity 24,320,397 27,820,445 29,753,937
Total liabilities and shareholders' equity $ 46,226,806 $ 50,571,492 $ 65,105,709