Component: (Network and Table)
Network
00100 - Statement - Balance Sheets
(http://www.granitefallsenergy.com/role/StatementBalanceSheets)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001181749 (http://www.sec.gov/CIK)
Condensed Balance Sheets [Abstract]Period [Axis]
2016-10-31
2015-10-31
Condensed Balance Sheets [Abstract]
 
 
ASSETS
 
 
Current Assets
 
 
Cash
13,797,857  
12,696,536  
Accounts receivable
6,654,994  
9,667,472  
Inventory
18,341,413  
12,212,025  
Commodity derivative instruments
1,228,926  
677,149  
Prepaid expenses and other current assets
325,989  
259,862  
Total current assets
40,349,179  
 
35,513,044  
 
Property, Plant and Equipment
 
 
Property and Equipment, net
78,968,016  
84,304,162  
Goodwill
1,372,473  
1,372,473  
Other Assets
781,254  
821,402  
Total Assets
121,470,922  
 
122,011,081  
 
LIABILITIES AND MEMBERS' EQUITY
 
 
Current Liabilities
 
 
Less: amounts due within one year
490,057  
517,957  
Checks drawn in excess of bank balance
1,866,683  
1,836,682  
Accounts payable
5,624,840  
4,643,130  
Corn payable to FCE
5,358,111  
1,486,247  
Commodity derivative instruments
 
1,114  
Accrued expenses
997,319  
654,550  
Total current liabilities
14,337,010  
 
9,139,680  
 
Long-term Debt, less current portion
1,393,669  
6,711,975  
Commitments and Contingencies
xsi:nil  
xsi:nil  
Members' equity attributable to Granite Falls Energy, LLC consists of 30,606 units authorized, issued, and outstanding
83,684,529  
84,602,607  
Non-controlling interest
22,055,714  
21,556,819  
Total members' equity
105,740,243  
 
106,159,426  
 
Total Liabilities and Members’ Equity
121,470,922  
 
122,011,081