Alternative performance measures
The Group uses a number of alternative performance measures in its report.
The alternative performance measures that BE Group considers significant are the following:
| Underlying operating result (uEBIT) | 2016 | 2015 |
| Operating result | 16 | -114 |
| Deduction inventory gains | -28 | – |
| Additions inventory losses | – | 12 |
| Adjustment for non-recurring items | 45 | 124 |
| Underlying operating result | 33 | 22 |
| Net debt | 2016 | 2015 |
| Non-current interest bearing liabilities | 527 | 565 |
| Current interest bearing liabilities | 63 | 77 |
| Deduction financial assets | 0 | 0 |
| Deduction cash and equivalents | -27 | -33 |
| Rounding | -1 | 0 |
| Net debt | 562 | 609 |
Net debt/equity ratio is calculated as net debt divided by equity.
| Working capital | 2016 | 2015 |
| Inventories | 527 | 546 |
| Accounts receivables | 442 | 409 |
| Other receivables | 49 | 64 |
| Deduction accounts payables | -375 | -353 |
| Deduction other current liabilities | -136 | -140 |
| Rounding | -1 | -1 |
| Working capital | 506 | 525 |
Average working capital is an average for each period based on quarterly data.
| Capital employed | 2016 | 2015 |
| Equity | 771 | 785 |
| Non-current interest bearing liabilities | 527 | 565 |
| Current interest bearing liabilities | 63 | 77 |
| Capital employed | 1,361 | 1,427 |
Average capital employed is an average for each period based on quarterly data.