SEQUANS COMMUNICATIONS | CIK:0001383395 | 3

  • Filed: 4/12/2018
  • Entity registrant name: SEQUANS COMMUNICATIONS (CIK: 0001383395)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1383395/000138339518000015/0001383395-18-000015-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1383395/000138339518000015/sqns-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001383395
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    • ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory

    Cash and cash equivalents
     
     
    At December 31,
     
     
    2015
     
    2016
     
    2017
     
     
    (in thousands)
    Cash at banks
     
    $
    2,408

     
    $
    8,765

     
    $
    2,039

    Cash equivalents
     
    5,880

     
    11,437

     
    909

    Cash and cash equivalents
     
    $
    8,288

     
    $
    20,202

     
    $
    2,948


    Cash at banks earns no interest. Cash equivalents in money market funds are invested for short-term periods depending on the immediate cash requirements of the Company, and earn interest at market rates for short-term investments. The fair value of cash and cash equivalents is equal to book value. Most of the cash and cash equivalents is held in U.S. dollar and euros as follows:
     
     
    At December 31,
     
     
    2015
     
    2016
     
    2017
     
     
    (in thousands)
    U.S. dollar denominated accounts
     
    $
    7,352

     
    $
    19,122

     
    $
    1,343

    Euro denominated accounts
     
    826

     
    949

     
    1,503

    GBP denominated accounts
     
    15

     
    23

     
    30

    SGP denominated accounts
     
    31

     
    53

     
    16

    NIS denominated accounts
     
    25

     
    36

     
    11

    RMB denominated accounts
     
    18

     
    2

     
    21

    Other currencies denominated accounts
     
    21

     
    17

     
    24

    Cash and cash equivalents
     
    $
    8,288

     
    $
    20,202

     
    $
    2,948