| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 3,843,540 | 8,053,665 | 7,033,308 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 6,722,234 | 5,938,487 | 4,388,927 | | Adjustments To Net Income | (1,730,913) | 1,556,908 | (2,125,941) | | Changes In Accounts Receivables | 2,935,467 | (1,472,865) | (295,757) | | Changes In Liabilities | (2,962,166) | 6,533,501 | 773,046 | | Changes In Inventories | 3,051,213 | (2,809,590) | (398,958) | | Changes In Other Operating Activities | (1,649,788) | (4,793,016) | (168,070) | | | Total Cash Flow From Operating Activities | 9,933,350 | 16,396,337 | 12,291,175 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (15,845,947) | (15,061,669) | (10,075,110) | | Investments | (252,764) | (4,524) | (365,883) | | Other Cashflows from Investing Activities | (61,467) | (506,585) | (2,766,556) | | | Total Cash Flows From Investing Activities | (16,160,179) | (15,572,778) | (13,207,549) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (2,370,085) | (2,762,154) | (1,581,860) | | Sale Purchase of Stock | 166,798 | 167,673 | 160,891 | | Net Borrowings | 8,331,973 | 1,866,479 | 1,573,783 | | Other Cash Flows from Financing Activities |
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| | | Total Cash Flows From Financing Activities | 6,128,686 | (728,001) | 152,814 | | Effect Of Exchange Rate Changes | (11,589) | (8,774) | (3,205) | | | Change In Cash and Cash Equivalents | ($109,732) | $86,784 | ($766,764) |
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