| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 4,880,719 | 3,606,314 | 1,716,755 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 1,838,829 | 1,854,886 | 1,558,750 | | Adjustments To Net Income | 314,758 | 786,008 | 2,534,645 | | Changes In Accounts Receivables | (948,314) | (431,846) | (101,781) | | Changes In Liabilities | 729,886 | (344,499) | (183,203) | | Changes In Inventories | (257,476) | 131,324 | 104,653 | | Changes In Other Operating Activities | 785,789 | (418,344) | (300,578) | | | Total Cash Flow From Operating Activities | 7,344,191 | 5,183,843 | 5,329,241 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (1,287,724) | (1,656,207) | (1,337,818) | | Investments | (474,706) | 553,415 | (2,110,936) | | Other Cashflows from Investing Activities | (325,061) | (33,485) | (7,948,875) | | | Total Cash Flows From Investing Activities | (2,087,491) | (1,136,277) | (11,397,629) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (2,174,252) | (1,959,150) | (1,777,170) | | Sale Purchase of Stock | (72,963) | 191,011 | (251,720) | | Net Borrowings | (1,238,687) | (544,493) | 5,650,817 | | Other Cash Flows from Financing Activities |
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| | | Total Cash Flows From Financing Activities | (3,485,902) | (2,312,632) | 3,621,927 | | Effect Of Exchange Rate Changes | (115,160) | 200,258 | 73,966 | | | Change In Cash and Cash Equivalents | $1,655,638 | $1,935,192 | ($2,372,495) |
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