9.2 Telford Industrial Services plc is a medium-sized business. Extracts from the business’s financial statements appear below.

Summary of statements of financial position at 31 December 2012 2013 2014 2015 £m £m £m £m ASSETS Non-current assets 48 51 65 64 Current assets Inventories 21 22 23 26 Trade receivables 34 42 34 29 Cash – 3 – –
55 67 57 55 Total assets 103 118 122 119 EQUITY AND LIABILITIES Equity 48 61 61 63 Non-current liabilities 30 30 30 30 Current liabilities Trade payables 20 27 25 18 Short-term borrowings 5 – 6 8 25 27 31 26 Total equity and liabilities 103 118 122 119 Summary of income statements for years ended 31 December 2012 2013 2014 2015 £m £m £m £m Sales revenue 152 170 110 145 Operating profit 28 40 7 15 Interest payable (4) (3) (4) (5)
Profit before taxation 24 37 3 10 Taxation (12) (16) – (4)
Profit for the year 12 21 3 6 Required:
Prepare a set of common-size statements of financial position and common-size income statements, on a vertical basis, using equity as the base figure for the statements of financial position and sales revenue as the base figure for the income statements.