XML 31 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Sep. 30, 2011
Current assets:    
Cash and cash equivalents $ 9,719,000 $ 9,834,000
Accounts receivable, net of allowance for doubtful accounts of: $43,000 at June 30, 2012; $70,000 at September 30, 2011 3,768,000 5,760,000
Prepaid expenses 338,000 298,000
Real estate held for sale 5,208,000 12,640,000
Other current assets 653,000 998,000
Total current assets 19,686,000 29,530,000
Investments 4,623,000 4,623,000
Property and equipment 246,287,000 239,036,000
Accumulated depletion, depreciation, and amortization (195,640,000) (184,417,000)
Property and equipment, net 50,647,000 54,619,000
Total assets 74,956,000 88,772,000
Current liabilities:    
Accounts payable 2,795,000 2,750,000
Accrued capital expenditures 529,000 2,492,000
Accrued compensation 1,481,000 2,397,000
Payable to joint interest owners 730,000 1,012,000
Income taxes payable   199,000
Current portion of long-term debt 5,360,000 12,314,000
Other current liabilities 2,913,000 2,925,000
Total current liabilities 13,808,000 24,089,000
Long-term debt 12,000,000 11,400,000
Liability for retirement benefits 4,844,000 5,167,000
Asset retirement obligation 4,993,000 4,921,000
Deferred income taxes 4,451,000 4,481,000
Total liabilities 40,096,000 50,058,000
Barnwell Industries, Inc. stockholders' equity:    
Common stock, par value $0.50 per share; authorized, 20,000,000 shares: 8,445,060 issued at June 30, 2012 and September 30, 2011 4,223,000 4,223,000
Additional paid-in capital 1,289,000 1,289,000
Retained earnings 29,602,000 34,231,000
Accumulated other comprehensive income, net 1,215,000 290,000
Treasury stock, at cost: 167,900 shares at June 30, 2012 and September 30, 2011 (2,286,000) (2,286,000)
Total Barnwell Industries, Inc. stockholders' equity 34,043,000 37,747,000
Non-controlling interests 817,000 967,000
Total equity 34,860,000 38,714,000
Total liabilities and equity $ 74,956,000 $ 88,772,000