| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 5,428,755 | 8,369,018 | 5,326,090 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 8,437,055 | 6,869,606 | 8,070,994 | | Adjustments To Net Income | (1,849,526) | (2,960,529) | (3,312,633) | | Changes In Accounts Receivables | (435,597) | (88,374) | (318,192) | | Changes In Liabilities | (39,472) | (229,772) | (101,663) | | Changes In Inventories | (118,415) | (131,088) | (491,152) | | Changes In Other Operating Activities | 592,074 | (745,287) | (417,215) | | | Total Cash Flow From Operating Activities | 12,014,873 | 10,466,427 | 8,719,261 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (2,263,978) | (2,371,369) | (1,919,716) | | Investments | (14,097) | (325,511) | 3,961 | | Other Cashflows from Investing Activities | (758,419) | 169,384 | 872,718 | | | Total Cash Flows From Investing Activities | (3,036,494) | (2,527,496) | (1,043,037) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (3,817,468) | (3,495,192) | (2,706,615) | | Sale Purchase of Stock | (1,649,349) | (2,227,025) | 471,347 | | Net Borrowings | 97,269 | (1,377,162) | (5,493,768) | | Other Cash Flows from Financing Activities |
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| | | Total Cash Flows From Financing Activities | (5,369,547) | (7,099,378) | (7,729,036) | | Effect Of Exchange Rate Changes | (63,437) | (17,675) | (73,937) | | | Change In Cash and Cash Equivalents | $3,545,396 | $821,878 | ($126,749) |
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