Prepare the pro forma statement of financial position

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The financial manager of Heidi (Pty) Limited has commenced with the company's financial planning for 2022. However he is in hospital recovering from the Corona virus and the company needs your assistance with the following which have yet to be completed: The pro forma statement of financial position as at 31 December 2021; and An appraisal of investment opportunities for implementation during 2022.

REQUIRED

Question 1: Prepare the Pro Forma Statement of Financial 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

Fixed/Tangible assets 2 800 000

Current assets 2 400 000

Inventories 300 000

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

Reference no: EM133008246

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