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COMBINED BALANCE SHEETS (Unaudited) (USD $)
Jul. 31, 2013
Oct. 31, 2012
ASSETS    
Land and land development costs (1,433 and 3,012 acres per land ledger, respectively) $ 15,910,289 $ 20,352,066
Land improvements, buildings and equipment, net 19,528,550 21,043,068
Land held for investment (8,289 and 10,404 acres per land ledger, respectively) 6,399,468 6,848,390
Long-lived assets held for sale (2,115 and 377 acres per land ledger, respectively) 248,922 846,174
Cash and cash equivalents 4,263,916 497,409
Cash held in escrow 104,222 205,493
Prepaid expenses and other assets 385,392 468,828
Accounts receivable and mortgages receivable 183,019 143,382
Assets of discontinued operations (1 acre per land ledger) 166,682 166,682
Total Assets 47,190,460 50,571,492
LIABILITIES:    
Debt 14,351,513 16,880,416
Accounts payable 338,030 140,956
Accrued liabilities 342,682 311,097
Deferred income 219,436 695,981
Accumulated deferred income taxes 22,633 481,633
Accrued pension expense 4,414,435 4,240,964
Total liabilities 19,688,729 22,751,047
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 shares 819,731 819,731
Capital in excess of stated value 19,829,475 19,829,475
Earnings retained in the business 11,885,111 12,203,825
Accumulated other comprehensive loss (2,947,179) (2,947,179)
Shareholders' equity before capital stock in treasury 29,587,138 29,905,852
Less cost of 282,018 shares of capital stock in treasury 2,085,407 2,085,407
Total shareholders' equity 27,501,731 27,820,445
Total liabilities and shareholders' equity $ 47,190,460 $ 50,571,492