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) 2022 2021
Operating result Rörelseresultat 418 621
Reversal of inventory gains (-)/losses (+) Återläggning lagervinster (-)/förluster (+) 70 -92
Adjustment for items affecting comparability Justering för jämförelsestörande poster
Group Koncernen 488 529

Working capital

(SEK M) (MSEK) 2022 2021
Inventories Varulager 1,127 1,033
Accounts receivables Kundfordringar 675 653
Other receivables Övriga rörelsefordringar 78 39
Deduction accounts payables Avdrag leverantörsskulder -480 -641
Deduction other current liabilities Avdrag övriga kortfristiga skulder -269 -229
Rounding Avrundning -1 1
Group Koncernen 1,130 856
Average working capital is an average for each period based on quarterly data.

Net debt excl. IFRS 16

(SEK M) (MSEK) 2022 2021
Non-current interest-bearing liabilities and leasing liabilities Långfristiga räntebärande skulder och leasingskulder 811 681
Current interest-bearing liabilities and leasing liabilities Kortfristiga räntebärande skulder och leasingskulder 95 95
Deduction leasing liabilities Avdrag leasingskulder -499 -481
Deduction financial assets Avdrag finansiella anläggningstillgångar 0 0
Deduction cash and equivalents Avdrag likvida medel -50 -54
Group Koncernen 357 241
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) 2022 2021
Equity excl. IFRS 16 Eget kapital exkl. IFRS 16 1,645 1,420
Non-current interest bearing liabilities and leasing liabilities Långfristiga räntebärande skulder och leasingskulder 811 681
Current interest bearing liabilities and leasing liabilities Kortfristiga räntebärande skulder och leasingskulder 95 95
Deduction leasing liabilities Avdrag leasingskulder -499 -481
Rounding Avrundning 1
Group Koncernen 2,052 1,716
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.