| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 1,742,979 | 2,871,650 | 2,536,544 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 858,397 | 880,762 | 596,380 | | Adjustments To Net Income | 1,044,969 | 76,455 | 743,973 | | Changes In Accounts Receivables | (109,652) | (372,081) | 45,479 | | Changes In Liabilities | 114,562 | 230,384 | 37,756 | | Changes In Inventories | 84,285 | (19,369) | (56,635) | | Changes In Other Operating Activities | (90,013) | 285,432 |
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| | | Total Cash Flow From Operating Activities | 3,651,255 | 3,968,524 | 3,916,368 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (6,535,762) | (5,520,051) | (3,100,315) | | Investments |
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| | Other Cashflows from Investing Activities | 324,865 | 54,028 | 106,404 | | | Total Cash Flows From Investing Activities | (6,210,897) | (5,466,023) | (2,993,911) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (147,294) | (165,143) | (108,979) | | Sale Purchase of Stock | 155,477 | 63,203 | 38,615 | | Net Borrowings | 2,557,188 | 1,692,204 | (569,778) | | Other Cash Flows from Financing Activities |
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| 4,078 | 23,169 | | | Total Cash Flows From Financing Activities | 2,565,371 | 1,594,342 | (616,974) | | Effect Of Exchange Rate Changes | 68,737 | (47,912) |
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| | | Change In Cash and Cash Equivalents | $74,465 | $48,931 | $305,484 |
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