| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 16,570,352 | 11,952,241 | 8,475,815 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 10,561,226 | 9,313,751 | 8,326,975 | | Adjustments To Net Income | (5,537,192) | 720,598 | (2,935,139) | | Changes In Accounts Receivables | (597,069) | (517,141) | (623,693) | | Changes In Liabilities | 2,330,623 | 957,369 | 2,166,708 | | Changes In Inventories | (29,193) | (39,485) | (80,253) | | Changes In Other Operating Activities | (287,679) | (5,036,917) | (132,046) | | | Total Cash Flow From Operating Activities | 28,408,015 | 23,116,705 | 19,146,157 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (17,723,707) | (13,507,503) | (9,867,426) | | Investments | 1,174 | (3,755,306) |
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| | Other Cashflows from Investing Activities | (2,672,581) | 394,163 | (5,367,990) | | | Total Cash Flows From Investing Activities | (20,395,114) | (16,868,647) | (15,235,416) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (6,539,886) | (4,673,465) | (3,353,968) | | Sale Purchase of Stock | 68,216 | 221,279 | 524,723 | | Net Borrowings | (230,172) | (658,354) | (13,333) | | Other Cash Flows from Financing Activities |
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| (181,275) | | | Total Cash Flows From Financing Activities | (6,701,843) | (5,110,540) | (3,023,853) | | Effect Of Exchange Rate Changes |
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| (82,946) |
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| | | Change In Cash and Cash Equivalents | $1,311,058 | $1,054,573 | $886,888 |
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