| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 2,996,686 | 4,471,183 | 3,030,032 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 718,641 | 772,336 | 411,225 | | Adjustments To Net Income | 2,839,123 | 3,593,117 | 2,807,773 | | Changes In Accounts Receivables | (1,255,380) | (889,374) | (286,498) | | Changes In Liabilities | 3,552,213 | 4,650,980 | 3,842,636 | | Changes In Inventories |
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| | Changes In Other Operating Activities | (19,839,274) | 481,721 | (16,826,477) | | | Total Cash Flow From Operating Activities | (10,987,991) | 13,079,964 | (7,021,309) | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (550,403) | (543,915) | (340,890) | | Investments | (15,641,864) | (24,917,743) | (9,315,167) | | Other Cashflows from Investing Activities | 28,609 | 366,945 | (579,092) | | | Total Cash Flows From Investing Activities | (16,163,658) | (25,094,714) | (10,235,149) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (1,337,364) | (455,712) | (1,563,313) | | Sale Purchase of Stock | 479,094 | 67,848 | 555,647 | | Net Borrowings | 7,850,395 | 20,393,978 | 11,587,926 | | Other Cash Flows from Financing Activities | 27,617,506 | 8,248,055 | 3,113,027 | | | Total Cash Flows From Financing Activities | 34,609,631 | 28,254,169 | 13,693,287 | | Effect Of Exchange Rate Changes |
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| | | Change In Cash and Cash Equivalents | $7,457,982 | $16,239,419 | ($3,563,171) |
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