| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 5,621,884 | 10,612,245 | 5,644,283 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 2,279,485 | 1,776,317 | 940,054 | | Adjustments To Net Income | 194,539 | (1,670,269) | 334,036 | | Changes In Accounts Receivables | (752,780) | (3,160,843) | (2,336,931) | | Changes In Liabilities | (3,288,830) | 4,412,808 | 1,179,028 | | Changes In Inventories | 452,514 | (360,861) | 110,905 | | Changes In Other Operating Activities |
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| | | Total Cash Flow From Operating Activities | 4,506,811 | 11,609,398 | 5,912,303 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (1,253,223) | (1,053,124) | (858,195) | | Investments | 5,634,571 | (229,772) | 3,016,886 | | Other Cashflows from Investing Activities | (8,476,526) | 237,137 | (830,469) | | | Total Cash Flows From Investing Activities | (4,095,179) | (1,045,759) | 1,328,222 | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (2,887,066) | (2,592,304) | (2,050,426) | | Sale Purchase of Stock | (4,324,960) | (4,171,253) | (4,389,998) | | Net Borrowings | 5,034,039 | 1,119,404 | (116,186) | | Other Cash Flows from Financing Activities |
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| | | Total Cash Flows From Financing Activities | (2,177,987) | (5,644,153) | (6,556,610) | | Effect Of Exchange Rate Changes | (69,075) | (22,094) | (67,335) | | | Change In Cash and Cash Equivalents | ($1,835,429) | $4,897,393 | $616,580 |
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