MINIMUM FUTURE RENTALS ON OPERATING LEASES

3 Months Ended

Apr. 30, 2012

MINIMUM FUTURE RENTALS ON OPERATING LEASES [Text Block]

10. MINIMUM FUTURE RENTALS ON OPERATING LEASES

Minimum future rentals consist primarily of rental income from leased land and structures, Exchange Building rents (commercial office space) and other rental activities, all of which are accounted for as operating leases. The estimated minimum future rentals on operating leases are $210,000, $110,000, $110,000, $110,000 and $110,000 for fiscal years 2012, 2013, 2014, 2015 and 2016, respectively.