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) 2021
Oct-Dec
2020
Oct-Dec
2021
Full-year
2020
Full-year
(MSEK) 2021
okt-dec
2020
okt-dec
2021
helår
2020
helår
Operating result Rörelseresultat 158 18 621 39
Reversal of inventory gains (-)/losses (+) Återläggning lagervinster (-)/förluster (+) -23 -6 -92 17
Adjustment for items affecting comparability Justering för jämförelsestörande poster 40
Group Koncernen 135 12 529 96

Working capital

(SEK M) 2021
Dec 31
2020
Dec 31
(MSEK) 2021
31 dec
2020
31 dec
Inventories Varulager 1,033 501
Accounts receivable Kundfordringar 653 376
Other receivables Övriga rörelsefordringar 39 42
Deduction accounts payable Avdrag leverantörsskulder -641 -414
Deduction other current liabilities Avdrag övriga kortfristiga skulder -229 -162
Rounding Avrundning 1
Group Koncernen 856 343
Average working capital is an average for each period based on quarterly data.

Net debt excl. IFRS 16

(SEK M) 2021
Dec 31
2020
Dec 31
(MSEK) 2021
31 dec
2020
31 dec
Non-current interest-bearing liabilities and leasing liabilities Långfristiga räntebärande skulder och leasingskulder 681 778
Current interest-bearing liabilities and leasing liabilities Kortfristiga räntebärande skulder och leasingskulder 95 85
Deduction leasing liabilities Avdrag leasingskulder -481 -541
Deduction financial assets Avdrag finansiella anläggningstillgångar 0 0
Deduction cash and equivalents Avdrag likvida medel -54 -166
Rounding Avrundning
Group Koncernen 241 156
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) 2021
Dec 31
2020
Dec 31
(MSEK) 2021
31 dec
2020
31 dec
Equity excl. IFRS 16 Eget kapital exkl. IFRS 16 1,420 912
Non-current interest-bearing liabilities and leasing liabilities Långfristiga räntebärande skulder och leasingskulder 681 778
Current interest-bearing liabilities and leasing liabilities Kortfristiga räntebärande skulder och leasingskulder 95 85
Deduction leasing liabilities Avdrag leasingskulder -481 -541
Rounding Avrundning 1
Group Koncernen 1,716 1,234
Average capital employed excl. IFRS 16 is an average for each period based on quarterly data.