DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Oct. 31, 2013

Discontinued Operations Tables

Schedule of discontinued operations

   The combined assets as of October 31, 2013 and 2012, and the results of operations of the properties classified as discontinued operations for the years ended October 31, 2013, 2012 and 2011, are summarized as follows:

BALANCE SHEET	10/31/13	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

	Years ended October 31,
STATEMENT OF OPERATIONS	2013	2012	2011
Revenues:
Applebee’s	$0	$0	$106,011
Jack in the Box	0	10,971	133,335
Jack Frost Mountain Ski Area	0	5,097	163,143
Big Boulder Ski Area	0	5,097	89,119
Maple Terrace	15,000	5,750	18,000
Total Revenue	15,000	26,915	509,608
Expenses (excluding interest):
Applebee’s	0	0	4,665
Jack in the Box	0	136	44,478
Jack Frost Mountain Ski Area	0	7,730	10,279
Big Boulder Ski Area	0	472	3,983
Maple Terrace	7,905	77,995	9,032
Total Expenses	7,905	86,333	72,437
Interest and other income (interest income related to ski area net investment in direct financing lease):
Applebee’s	0	0	0
Jack in the Box	0	0	0
Jack Frost Mountain Ski Area	0	0	126,672
Big Boulder Ski Area	0	0	194,997
Maple Terrace	0	0	0
Total Interest and Other Income	0	0	321,669
Interest expense(calculated on debt related to the property):
Applebee’s	0	0	42,992
Jack in the Box	0	7,386	69,794
Jack Frost Mountain Ski Area	0	0	0
Big Boulder Ski Area	0	0	0
Maple Terrace	0	0	0
Total Interest	0	7,386	112,786
Gain (Loss) on Disposal:
Applebee’s	0	0	25,721
Jack in the Box	0	9,402	0
Jack Frost Mountain Ski Area	0	(4,803)	(387,000)
Big Boulder Ski Area	0	(4,517)	(115,000)
Maple Terrace	0	0	0
Total Gain (loss) on Disposal	0	82	(476,279)
Income (loss) from discontinued operations before income taxes	$7,095	($66,722)	$169,775