TRIPL

EN
STUDI
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Annual Report Summary

2021 Performance

Abstract
This annual report presents a summary of the accomplishments, updates and plan of the
company.

Aeron Jay M. Tamang and ultucrysteljoyce@gmail.com

10/15/22 aeronjaytamang15@gmail.com
Crystel Joyce B. Ultu
 TRIPLE N STUDIO

Table of Contents
Overview......................................................................................................................................................2
Organization Structure.................................................................................................................................3
Financial Statement.....................................................................................................................................4
Balance Sheet...........................................................................................................................................4
Income Statement...................................................................................................................................5
New Infrastructure.......................................................................................................................................6
Manpower...................................................................................................................................................7
Table............................................................................................................................................................8
Graph...........................................................................................................................................................9

List of Figures
Figure 1. Organization Structure..................................................................................................................3
Figure 2.New Infastracture..........................................................................................................................6
Figure 3. Quarterly Sales for 2021................................................................................................................9

List of Table
Table 1. Manpower......................................................................................................................................7
Table 2. Summary of Sales per Agent...........................................................................................................8

2021
 Overview

F
amilies need photographs to capture the special moments of their lives. Families of

professionals are busy, and if too much time goes by between photos, these moments

are lost forever. Babies, especially, grow fast and parents need photos of them several

times a year.

While nearly everyone has a camera for snapshots, people need professional quality

photos when they will be shown to an important audience, and when people want to be seen in

the best light. The Internet has expanded the use of photos, making it possible for anyone to send

them or to publish them for wide viewing.

Triple N Studio was located at Maligaya, Tumauini, Isabela, owned and managed by Mr.

Aeron Tamang. The studio will meet the needs of professionals and their families to capture the

special moments in their lives and present them in the best light. We will establish a relationship

in which we initiate the calls to keep their photos up to date. Digital files of their photos will be

available for free by e-mail, or with a nominal fee for CD.  Because of our relationship with the

families, when something big like a wedding comes, there’s no place else they would go.

We provide not only a photograph, but a program of ongoing portraits to capture the

special moments in a family’s life. We then make the digital images of their photos easily and

affordably available for distributing on the Internet.

“Our lens captures your moments in all their flavors and fancies”
 TRIPLE N STUDIO

Organization Structure

President

Vice
Secretary
President

Finance Marketing Production Technology Event

Officer Head Officer Director Coordinator

Developing Storaging
Photographer Videographer Editor
Officer Officer

Assistant Assistant Assistant

Photographer Videographer Editor

Figure 1. Organization Structure

2021
 Financial Statement
Balance Sheet

TRIPLE N STUDIO
Maligaya, Tumauini, Isabela
As of December 31, 2021

A S S E T S

Current Asset
Cash P 900,000.00
Accounts Receivable 500,000.00
Prepaid Expense 100,000.00 1,500,000.00

Noncurrent Assets
Computer Equipment 500,000.00
Camera Equipment 200,000.00
Accumulated Depreciation 80,000.00 P 780,000.00
TOTAL ASSETS P 2,280,000.00

L I A B I L I T I E S A N D O W N E R ’ S E Q U I T Y

Current Liabilities
Accounts Payable P300,000.00
Notes Payable 480,000.00 P 780,000.00
Owner’s Equity
Triple N, Capital P1,500,000.00
TOTAL LIABILITIES AND EQUITY P 2,280,000.00
Prepared by: Approved by:
Crystel Joyce B. Ultu and Aeron Jay M. Tamang Arvin B. Alonzo, DIT
Accountants Head, Accounting Division

“Our lens captures your moments in all their flavors and fancies”
 TRIPLE N STUDIO

Income Statement

TRIPLE N STUDIO
Maligaya, Tumauini, Isabela
As of December 31, 2021

Revenue
Service Revenue P 1,000,000.00
Other Income 500,000.00 P 1,500,000.00
Expenses
Salaries Expense 200,000.00
Utilities expense 150,000.00
Rent Expense 180,000.00
Advertising Expense 50,000.00 (P 580,000.00)
NET PROFIT P 920,000.00

Prepared by: Approved by:

Crystel Joyce B. Ultu and Aeron Jay M. Tamang Arvin B. Alonzo, DIT
Accountants Head, Accounting Division

New Infrastructure

TRIPLE N STUDIO 2021

 Figure 2.New Infastracture

Manpower
Table 1. Manpower

Department Manpower Position Function

“Our lens captures your moments in all their flavors and fancies”
 TRIPLE N STUDIO

Research Bright Vachirawit President In-charge of researches and

and Win Metawin Vice President innovations to come up with new and
Innovation Joong Archen Secretary innovative products and services,
Mick Metas Researcher 1 / which enable higher productivity,
Developing industrial competitiveness, and
Officer ultimate prosperity.
Pond Nnaravit Researcher 2 /
Storing Officer
Developmen First Kanaphan Technical Staff In-charge of studying the products,
t Team Dunk Natachai Event services and operations of companies.,
Coordinator providing consultative help where
needed.
Marketing Earth Pirapat Finance Officer In-charge of all the financial aspects of
and Finance Nanon Korapat Marketing the business, pricing strategy,
Head promotions and distributions.
Production Gawin Caskey Production In-charge of producing, storing, and
Team Officer creating the final output, and
Chimon Photographer performing the service availed by the
Wachirawit customer.
Mix Sahaphap Assistant
Photographer
Ohm Pawat Videographer
Off Jumpol Assistant
Videographer
Krist Perawat Editor
Mike Chinarat Assistant Editor
Mick Metas Developing
Officer
Pond Nnaravit Storaging
Officer

2021
 Table
Table 2. Summary of Sales per Agent

Name of Agent July August September

Kenry Malinis ₱ 35,000.00 ₱ 42,000.00 ₱ 33,000.00
Marck Espejo 40,000.00 28,500.00 15,000.00
Rex Intal 35,000.00 30,500.00 48,250.00
Nico Almendras 45,000.00 25,000.00 23,000.00
Alfred Valbuena 22,000.00 29,000.00 40,250.00
TOTAL SALES PER MONTH 142000 113000 126500

“Our lens captures your moments in all their flavors and fancies”
 TRIPLE N STUDIO

Graph

TRIPLE N Quarterly Sales for 2021

45,000

40,000
40,000 39,000

35,000
35,000
32,000
30,000
30,000
27,000 27,000
25,000
25,000 23,000
22,000
20,000
20,000

15,000 14,000

10,000

5,000

0
Qtr 1 Qtr 2 Qtr 3 Qtr 4

Home-Service On-site Events

Figure 3. Quarterly Sales for 2021

2021