| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 18,579,702 | 21,281,896 | 18,728,353 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 13,878,260 | 9,134,288 | 7,869,942 | | Adjustments To Net Income | 7,040,133 | 6,451,652 | (188,326) | | Changes In Accounts Receivables | (3,580,214) | (2,261,876) | (399,343) | | Changes In Liabilities | (9,324,545) | 2,733,089 | 685,357 | | Changes In Inventories | (1,580,106) | (1,650,958) | (1,723,649) | | Changes In Other Operating Activities |
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| (7,754,239) |
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| | | Total Cash Flow From Operating Activities | 25,013,230 | 27,933,851 | 25,396,676 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (31,601,527) | (23,651,258) | (16,718,434) | | Investments | 1,569,397 | (1,691,129) | (2,846,553) | | Other Cashflows from Investing Activities | (1,353,894) | 87,881 | (748,432) | | | Total Cash Flows From Investing Activities | (31,386,025) | (25,254,506) | (20,313,418) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (8,268,599) | (9,688,446) | (9,181,940) | | Sale Purchase of Stock | 735,554 | 9,266,863 | 191,274 | | Net Borrowings | 8,683,907 | 58,542 | (199,736) | | Other Cash Flows from Financing Activities |
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|
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| (6,538) | | | Total Cash Flows From Financing Activities | 1,150,862 | (363,041) | (9,196,940) | | Effect Of Exchange Rate Changes | (16,430) | 5,484 | (33,076) | | | Change In Cash and Cash Equivalents | ($5,238,364) | $2,321,789 | ($4,146,757) |
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