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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    • ifrs-full:DisclosureOfIntangibleAssetsExplanatory

    Intangible assets
    Intangible assets include:
     
    Licenses and other
    intangible assets
     
    (in thousands)
    Cost:
     
    At January 1, 2015
    $
    13,272

    Additions
    3,686

    Disposals
    —

    Exchange difference
    (12
    )
    At December 31, 2015
    16,946

    Additions
    4,836

    Disposals
    (3,620
    )
    Exchange difference
    (47
    )
    At December 31, 2016
    18,115

    Additions
    4,641

    Disposals
    (64
    )
    Exchange difference
    23

    At December 31, 2017
    $
    22,715

    Depreciation and impairment:
     
    At January 1, 2015
    9,832

    Amortization
    1,867

    Disposals
    —

    Exchange difference
    (8
    )
    At December 31, 2015
    11,691

    Amortization
    2,215

    Disposals
    (3,468
    )
    Exchange difference
    (30
    )
    At December 31, 2016
    10,408

    Amortization
    2,815

    Disposals
    (64
    )
    Exchange difference
    (6
    )
    At December 31, 2017
    $
    13,153

    Net book value:
     
    At January 1, 2015
    $
    3,440

    At December 31, 2015
    5,255

    At December 31, 2016
    7,707

    At December 31, 2017
    $
    9,562


    Prior January 1, 2015, the only intangible assets recorded in the Consolidated Statements of Financial Position were acquired licenses for technology used primarily in the product development process, as no development costs had been capitalized. For the years ended December 31, 2015, 2016 and 2017, the Company identified certain external development costs that met the criteria for capitalization (see note 4.4), in addition to the acquisition of technology licenses.