| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 1,993,316 | 5,869,507 | 4,260,608 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 7,926,743 | 11,797,929 | 18,053,782 | | Adjustments To Net Income | 2,681,249 | 3,250,690 | (3,179,282) | | Changes In Accounts Receivables | (742,912) | 316,674 | (295,747) | | Changes In Liabilities | (907,847) | 306,363 | 318,192 | | Changes In Inventories | (5,217,300) | (2,836,805) | 595,455 | | Changes In Other Operating Activities | (1,215,161) | 572,958 | (1,247,684) | | | Total Cash Flow From Operating Activities | 4,518,089 | 19,277,315 | 18,505,325 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (12,615,405) | (22,797,546) | (40,613,748) | | Investments | (2,038,426) | 8,186,378 | 2,633,999 | | Other Cashflows from Investing Activities | 2,244,242 | 44,860,115 | 18,728,456 | | | Total Cash Flows From Investing Activities | (12,409,589) | 30,248,947 | (19,251,294) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (2,847,594) | (2,325,709) | (2,050,426) | | Sale Purchase of Stock | (5,812,193) | (2,690,988) | 409,293 | | Net Borrowings | 4,550,512 |
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| 1,538,150 | | Other Cash Flows from Financing Activities |
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| (32,106,274) | 757,852 | | | Total Cash Flows From Financing Activities | (4,109,276) | (37,122,972) | 654,869 | | Effect Of Exchange Rate Changes | (290,398) | (1,766,007) | (616,580) | | | Change In Cash and Cash Equivalents | ($12,291,174) | $10,637,284 | ($707,681) |
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