Financial Services

The following tables present financial information relating to our financial services reporting segment (in thousands):



	Years Ended November 30,
	2013			2012			2011
Revenues
Insurance commissions	$	7,177		$	7,140		$	7,188
Title services	3,172			2,362			1,983
Marketing services fees	1,800			2,175			1,125
Interest income	3			6			8
Total	12,152			11,683			10,304
Expenses
General and administrative	(3,042		)	(2,991		)	(3,512		)
Operating income	9,110			8,692			6,792
Equity in income/gain on wind down of unconsolidated joint ventures	1,074			2,191			19,286
Pretax income	$	10,184		$	10,883		$	26,078



	November 30,
	2013		2012
Assets
Cash and cash equivalents	$	2,428	$	923
Receivables	2,084		1,859
Investments in unconsolidated joint ventures	5,490		1,630
Other assets	38		43
Total assets	$	10,040	$	4,455
Liabilities
Accounts payable and accrued expenses	$	2,593	$	3,188
Total liabilities	$	2,593	$	3,188

The equity in income/gain on wind down of unconsolidated joint ventures amounts for 2013, 2012 and 2011 included gains of $1.1 million, $2.1 million and $19.8 million, respectively, recognized in connection with the wind down of KBA Mortgage’s business operations. In addition, our investments in unconsolidated joint ventures at November 30, 2013 included a $5.0 million capital contribution we made to Home Community Mortgage during the year.

Although KBHMC ceased originating and selling mortgage loans on September 1, 2005, it may be required to repurchase, or provide indemnification with respect to, an individual loan that it funded on or before August 31, 2005 and sold to an investor if the representations or warranties that it made in connection with the sale of the loan are breached, in the event of an early payment default, if the loan does not comply with the underwriting standards or other requirements of the ultimate investor or an applicable insurer, or due to a delinquency or other matters arising in connection with the loan.