Note 9: Cash and Cash Equivalents
The cash and cash equivalents item is broken down as follows :
| December 31, | ||||||||||||
| 2015 | 2016 | 2017 | ||||||||||
| (thousands of Euros) | ||||||||||||
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Cash |
178,895 | 146,374 | 32,054 | |||||||||
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Cash equivalent term deposits |
144,486 | 110,100 | 105,826 | |||||||||
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Total cash and cash equivalent as reported in statement of financial position |
323,381 | 256,473 | 137,880 | |||||||||
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Bank overdrafts |
— | — | — | |||||||||
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Total net cash and cash equivalents as reported in the statement of cash flow |
323,381 | 256,473 | 137,880 | |||||||||
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Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. They are measured using level 1 fair value measurements.
As of December 31, 2015, the cash and cash equivalents included the net proceeds received as part of our July 2015 fundraising.