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.