| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 1,503,876 | 3,459,701 | 3,810,288 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 1,045,895 | 1,336,990 | 1,098,088 | | Adjustments To Net Income | 799,696 | (216,007) | (185,693) | | Changes In Accounts Receivables | (1,473,843) | (1,110,043) | (1,543,254) | | Changes In Liabilities | 493,687 | (687,876) |
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| | Changes In Inventories | (506,190) | (69,554) | (372,993) | | Changes In Other Operating Activities | 1,230,479 | 289,311 | (130,175) | | | Total Cash Flow From Operating Activities | 3,093,600 | 3,002,523 | 2,701,243 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (532,744) | (675,060) | (756,798) | | Investments | (922,280) | 546,894 | 902,898 | | Other Cashflows from Investing Activities | 353,702 | (4,175,242) | (2,319,630) | | | Total Cash Flows From Investing Activities | (1,101,322) | (4,303,408) | (2,173,530) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (1,062,136) | (1,271,032) | (1,072,812) | | Sale Purchase of Stock | 387 | 14,692 | 18,116 | | Net Borrowings | 132,638 | 2,234,465 | (1,200,942) | | Other Cash Flows from Financing Activities |
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| | | Total Cash Flows From Financing Activities | (929,111) | 978,125 | (2,255,638) | | Effect Of Exchange Rate Changes | 161,770 | 63,458 | 8,474 | | | Change In Cash and Cash Equivalents | $1,224,937 | ($259,302) | ($1,719,451) |
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