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)

(SEK M) (MSEK) 2020 2019
Operating result Rörelseresultat 39 88
Reversal of inventory gains (-)/losses (+) Återläggning lagervinster (-)/förluster (+) 17 6
Adjustment for items affecting comparability Justering för jämförelsestörande poster 40
Group Koncernen 96 94

Working capital

(SEK M) (MSEK) 2020 2019
Inventories Varulager 501 642
Accounts receivables Kundfordringar 376 387
Other receivables Övriga rörelsefordringar 42 57
Deduction accounts payables Avdrag leverantörsskulder -414 -398
Deduction other current liabilities Avdrag övriga kortfristiga skulder -162 -139
Rounding Avrundning
Group Koncernen 343 549
Average working capital is an average for each period based on quarterly data.

Net debt excl. IFRS 16

(SEK M) (MSEK) 2020 2019
Non-current interest-bearing liabilities and leasing liabilities Långfristiga räntebärande skulder och leasingskulder 778 985
Current interest-bearing liabilities and leasing liabilities Kortfristiga räntebärande skulder och leasingskulder 85 98
Deduction leasing liabilities Avdrag leasingskulder -541 -541
Deduction financial assets Avdrag finansiella anläggningstillgångar 0 0
Deduction cash and equivalents Avdrag likvida medel -166 -168
Rounding Avrundning -1
Group Koncernen 156 373
Net debt/equity ratio excl. IFRS 16 is calculated as net debt excl. IFRS 16 divided by equity.

Capital employed excl. IFRS 16

(SEK M) (MSEK) 2020 2019
Equity excl. IFRS 16 Eget kapital exkl. IFRS 16 912 927
Non-current interest bearing liabilities and leasing liabilities Långfristiga räntebärande skulder och leasingskulder 778 985
Current interest bearing liabilities and leasing liabilities Kortfristiga räntebärande skulder och leasingskulder 85 98
Deduction leasing liabilities Avdrag leasingskulder -541 -541
Rounding Avrundning -1
Group Koncernen 1,234 1,468
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.