whistling woods international ltd Management discussions


WHISTLING WOODS INTERNATIONAL LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS Operations: The civil work of the Institute Complex is in completion stage. Interior work and equipment installation is under progress. The Institute is ready for operation and scheduled to open on 18th July, 2006. The Gross Block of Fixed Assets of the Company as on 31.03.2006 excluding capital work-in-progress was placed at Rs. 44.25 millions as compared to previous year figures of Rs. 34.60 millions, which was including Rs. 30 millions towards the right to use the land allowed by Maharashtra Film, Stage and Cultural Development Corporation Limited as per agreement, in lieu of which the shares of Rs. 30 millions conveyed to them. The Capital Work In Progress as at 31st March 2006 stood at Rs. 288.86 millions as compared to previous year figure of Rs. 139.09 millions.