| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 13,473,913 | 15,920,576 | 13,209,602 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 11,872,493 | 10,353,014 | 8,123,806 | | Adjustments To Net Income | 16,672,522 | 11,574,048 | 2,705,295 | | Changes In Accounts Receivables | (1,373,048) | (964,750) | (2,577,226) | | Changes In Liabilities | 5,392,103 | 687,844 | 2,899,379 | | Changes In Inventories | (1,129,170) | (1,645,229) | (1,258,246) | | Changes In Other Operating Activities | (14,175,943) | (13,070,515) | (415,895) | | | Total Cash Flow From Operating Activities | 30,732,870 | 22,854,989 | 22,446,420 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (17,031,995) | (12,566,783) | (8,104,001) | | Investments | 1,084,059 | (7,365,973) | 703,720 | | Other Cashflows from Investing Activities | (7,957,757) | (9,668,116) | (1,909,154) | | | Total Cash Flows From Investing Activities | (23,905,693) | (29,600,871) | (9,309,435) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (7,340,308) | (7,175,969) | (6,379,690) | | Sale Purchase of Stock | (1,124,941) | (1,443,442) | (2,127,003) | | Net Borrowings | 1,381,506 | 12,904,077 | (900,445) | | Other Cash Flows from Financing Activities |
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| 36,968 | | | Total Cash Flows From Financing Activities | (7,083,743) | 4,284,666 | (9,370,169) | | Effect Of Exchange Rate Changes | 9,868 | (294,580) | (265,380) | | | Change In Cash and Cash Equivalents | ($246,698) | ($2,755,796) | $3,501,436 |
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