wer ALL questions [20 MARS planning for 2022 The financial manager of Heid: Pti Limited has commenced with the company standal However he is in hospital recovering from the Coronavirus and the company needs your assistance with the following which have yet to be completed The prema statement of financial position as at 31 December 2021, and An appraisal of investment opportunities for implementation during 2022 . QUESTION 1 135 Marles REQUIRED Use the information provided below to prepare the Pro Forme Statement of Finance Position as at 31 December 2021. The amount of external non-current funding required must be calculated INFORMATION HEIDI (PTY) LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 R ASSETS Non-current assets 2 800 000 Foted/Tangible assets 2 800 000 Current assets 2 400 000 Inventories 800 000 Trade and other receivables 1 200 000 Cash and cash equivalents 400 000 Total assets 5 200 000 EQUITY AND LIABILITIES Equity 2 600 000 Ordinary share capital (600 000 shares) 1 200 000 Retained emings 3 400 000 Non-current Habilities 1 600 000 Long-term loan 1 600 000 Current abilities 1 000 000 Trade and other payables 976 000 Income tax payable 24 000 Total equity and liabilities 5 200 000 Additional information 11 Sales for the year ended 31 December 2021 are expected to total R7 200 000, an increase of R800 000 over the previous year ended 31 December 2020. A profit margin (net profit margin) of 10% is expected A final dividend of 80 cents per share is expected to be recommended on 31 December 2) 2021. These dividends will be paid during 2022 3) 4) S) Cash and cash equivalents and Ordinary share capital are expected to remain unchanged Trade and other receivables represent approximately 20% of the annual sales. The company's closing inventory will change directly with changes in sales for the financial year ended 31 December 2021 An old machine (Cost price R400 000, Accumulated depreciation R360 000) is expected to be sold at carrying value on 31 December 2021 and a new machine with a cost price of R500 000 will be purchased on the same date to replace it. Total depreciation for the year 6) ended 31 December 2021 is estimated at R240 000 71 Trade and other payables will change directly in response to changes in sales for the financial year ended 31 December 2021 Income tax payable is likely to equal 10% of the estimated tax of R342 000. R400 000 of the long-term loan will be repaid during the financial year ended B) 31 December 2021 REQUIRED (1 mark) We the information even below to calculate the following 21 Payback period of Project Ban wei xpressed in years mother days) Accounting Rate of Retorn (on averare investment) of Project answer expressed to two decimal places) 2.3 Ner Present Value o Project amounts founded off to the wearest Mandy Internal Rate of Return of Project Bf the net cash flows are 120.000 vear for five years answer expressed to two decimal places (4 marks) INFORMATION The following information relates to two capital investment adjects Project Project B Initial cost RADIO 100 Expected useful life year Scrap/Residual value R40 DO R/2000 0 000 Depreciation per year R R Expected annual profits: 100 000 End of Year 1 Year 2 60 000 50 000 Year 3 30 000 Year 4 20 000 45 000 Year 5 The company estimates that its cost of capital is 15% END OF PAPER