| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 4,105,046 | 5,988,075 | 4,245,029 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 4,482,846 | 4,341,078 | 3,952,450 | | Adjustments To Net Income | (1,410) | (62,893) | (273,170) | | Changes In Accounts Receivables | (1,041,768) | (1,271,849) | 29,575 | | Changes In Liabilities | (655,511) | 53,172 | 573,010 | | Changes In Inventories | 191,719 | (494,011) | (684,708) | | Changes In Other Operating Activities |
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| | | Total Cash Flow From Operating Activities | 7,080,923 | 8,553,572 | 7,842,186 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures |
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| | Investments | (1,375,867) | (1,112,481) | (265,512) | | Other Cashflows from Investing Activities | (3,501,695) | (4,208,517) | (10,843,624) | | | Total Cash Flows From Investing Activities | (4,877,562) | (5,320,999) | (11,109,136) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (3,040,723) | (2,391,842) | (1,627,138) | | Sale Purchase of Stock | (2,217,458) | (2,576,397) | (1,215,072) | | Net Borrowings | 5,905,233 |
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| | Other Cash Flows from Financing Activities |
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| 1,674,982 | 6,039,184 | | | Total Cash Flows From Financing Activities | 647,052 | (3,293,257) | 3,196,974 | | Effect Of Exchange Rate Changes | (18,326) | (38,885) | (27,198) | | | Change In Cash and Cash Equivalents | $2,832,087 | ($99,568) | ($97,174) |
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