| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 2,090,585 | 1,587,786 | 4,250,046 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 15,471,458 | 17,101,842 | 14,568,190 | | Adjustments To Net Income | 2,424,684 | 2,449,433 | (3,574,052) | | Changes In Accounts Receivables |
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| | Changes In Liabilities | 511,721 | 639,239 | 2,966,714 | | Changes In Inventories |
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| | Changes In Other Operating Activities | 403,174 | (1,578,949) | 62,054 | | | Total Cash Flow From Operating Activities | 21,664,270 | 20,199,351 | 18,741,659 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (9,738,208) | (8,759,336) | (9,477,113) | | Investments | (3,591,916) | (281,324) | (423,816) | | Other Cashflows from Investing Activities | (2,717,902) | (2,822,076) | (8,950,314) | | | Total Cash Flows From Investing Activities | (16,048,025) | (11,862,737) | (18,851,243) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (5,586,641) | (5,541,050) | (4,201,195) | | Sale Purchase of Stock | 4,229 | 35,350 | (914,968) | | Net Borrowings | 1,216,571 | (3,515,812) |
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| | Other Cash Flows from Financing Activities |
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| 2,395,024 | | | Total Cash Flows From Financing Activities | (4,365,841) | (9,021,513) | (2,721,138) | | Effect Of Exchange Rate Changes | (85,992) | (147,290) | (87,140) | | | Change In Cash and Cash Equivalents | $1,164,412 | ($832,189) | ($2,917,863) |
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