XML 50 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
Financial Instruments (Tables)
 12 Months Ended
May 31, 2014
Financial Instruments Tables  
Fair values of the Company's financial instruments

The carrying values and fair values of the Company’s financial instruments at May 31, 2014 and 2013 are as follows:

 

  

2014

  2013
   Carrying
Amount		  Fair
Value		  Carrying
Amount		  Fair
Value
ASSETS            
Bonds available for sale  $6,192,278   $6,305,106   $5,374,252   $5,472,116 
Cash and short-term investments   2,708,511    2,708,511    1,570,460    1,570,460 
Premiums and other receivables   290,843    290,843    300,303    300,303 
Equity securities (including derivatives)   790,368    816,460    455,708    454,639 
                     
LIABILITIES                    
Notes payable   5,220,350    5,220,350    4,847,170    4,847,170 
Accounts payable and advance premiums   480,583    480,583    538,289    538,289 
Accrued expenses and other liabilities   6,725,175    6,725,175    3,720,114    3,720,114