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) | 2020 Oct-Dec | 2019 Oct-Dec | 2020 Full-year | 2019 Full-year | |
| (MSEK) | 2020 okt-dec | 2019 okt-dec | 2020 helår | 2019 helår | |
| Operating result | Rörelseresultat | 18 | 8 | 39 | 88 |
| Reversal of inventory gains (-)/losses (+) | Återläggning lagervinster (-)/förluster (+) | -6 | 1 | 17 | 6 |
| Adjustment for items affecting comparability | Justering för jämförelsestörande poster | – | – | 40 | – |
| Group | Koncernen | 12 | 9 | 96 | 94 |
Working capital
| (SEK M) | 2020 Dec 31 | 2019 Dec 31 | |
| (MSEK) | 2020 31 dec | 2019 31 dec | |
| Inventories | Varulager | 501 | 642 |
| Accounts receivable | Kundfordringar | 376 | 387 |
| Other receivables | Övriga rörelsefordringar | 42 | 57 |
| Deduction accounts payable | 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) | 2020 Dec 31 | 2019 Dec 31 | |
| (MSEK) | 2020 31 dec | 2019 31 dec | |
| 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) | 2020 Dec 31 | 2019 Dec 31 | |
| (MSEK) | 2020 31 dec | 2019 31 dec | |
| 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.