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) | 2017 | 2016 |
| Operating result | 57 | 16 |
| Reversal of inventory gains (-)/losses (+) | -27 | -28 |
| Adjustment for items affecting comparability | 52 | 45 |
| Group | 82 | 33 |
| Net debt | 2017 | 2016 |
| Non-current interest-bearing liabilities | 519 | 527 |
| Current interest-bearing liabilities | 20 | 63 |
| Deduction financial assets | 0 | 0 |
| Deduction cash and equivalents | -61 | -27 |
| Rounding | – | -1 |
| Group | 478 | 562 |
Net debt/equity ratio is calculated as net debt divided by equity.
| Working capital | 2017 | 2016 |
| Inventories | 599 | 527 |
| Accounts receivables | 489 | 442 |
| Other receivables | 35 | 49 |
| Deduction accounts payables | -479 | -375 |
| Deduction other current liabilities | -152 | -136 |
| Rounding | – | -1 |
| Group | 492 | 506 |
Average working capital is an average for each period based on quarterly data.
| Capital employed | 2017 | 2016 |
| Equity | 802 | 771 |
| Non-current interest bearing liabilities | 519 | 527 |
| Current interest bearing liabilities | 20 | 63 |
| Group | 1,341 | 1,361 |
Average capital employed is an average for each period based on quarterly data.