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TRI
PL
STUDIO

EN
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 Crystel Joyce B. Ultu

Aeronjaytamang15@gmail.com/ultucrysteljoyce@gmail.con
 TRIPLE N STUDIO

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.

 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

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

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
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

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

NEW INFASTRACTURE

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