| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 6,822,505 | 10,605,663 | 8,747,382 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 1,782,365 | 2,041,241 |
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| | Adjustments To Net Income | 3,815,217 | 4,897,380 |
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| | Changes In Accounts Receivables | 783,314 | (157,787) |
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| | Changes In Liabilities | 502,421 | (145,803) |
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| | Changes In Inventories | (595,087) | (912,766) |
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| | Changes In Other Operating Activities | (2,678,615) | (4,022,562) |
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| | | Total Cash Flow From Operating Activities | 10,432,120 | 12,305,365 | 8,535,799 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (2,080,632) | (3,027,907) | (2,676,131) | | Investments | 1,245,194 | (283,617) | (356,556) | | Other Cashflows from Investing Activities | (828,199) | (2,698,352) | 52,896 | | | Total Cash Flows From Investing Activities | (1,663,637) | (6,009,876) | (2,979,791) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (4,355,283) | (5,732,251) | (5,260,184) | | Sale Purchase of Stock | (5,290,627) | (6,479,241) | (2,537,035) | | Net Borrowings | 2,441,159 | 9,724,854 | (1,514,384) | | Other Cash Flows from Financing Activities | 98,457 | (990,661) | (76,405) | | | Total Cash Flows From Financing Activities | (7,106,293) | (3,477,299) | (9,388,007) | | Effect Of Exchange Rate Changes | 1,597,034 | 95,870 | (497,611) | | | Change In Cash and Cash Equivalents | $3,259,223 | $2,914,061 | ($4,329,611) |
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0.29% Nasdaq 
Cash Flow
