| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | (5,492,191) | 9,588,579 | 7,903,316 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 4,295,356 | 2,549,590 |
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| | Adjustments To Net Income | (3,137,992) | (3,748,531) | 863,476 | | Changes In Accounts Receivables |
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| | Changes In Liabilities | 538,035,970 | 582,851,569 | 56,254,022 | | Changes In Inventories |
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| | Changes In Other Operating Activities | (481,377,308) | (566,511,217) | (132,327,068) | | | Total Cash Flow From Operating Activities | 52,323,835 | 24,729,991 | (67,306,253) | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (1,323,708) | (994,208) | (1,280,691) | | Investments | 177,622 | (6,650,144) | (43,147,404) | | Other Cashflows from Investing Activities | 62,027 | 1,181,266 | (1,791,647) | | | Total Cash Flows From Investing Activities | (1,084,059) | (6,463,085) | (46,219,742) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (3,225,394) | (2,972,312) | (1,635,852) | | Sale Purchase of Stock | 3,157,728 | (1,487,629) | (2,591,749) | | Net Borrowings | 4,606,900 | (1,363,905) | 83,398,070 | | Other Cash Flows from Financing Activities |
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| 861,647 | 35,447,414 | | | Total Cash Flows From Financing Activities | 4,539,234 | (4,962,200) | 114,617,884 | | Effect Of Exchange Rate Changes | (566,699) | (425,668) | (513,597) | | | Change In Cash and Cash Equivalents | $55,212,310 | $12,879,038 | $578,291 |
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