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
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    • ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory

    Trade receivables
    Trade receivables are non-interest bearing and are generally on 30-90 day payment terms.
     
     
    At December 31,
     
     
    2015
     
    2016
     
    2017
     
     
    (in thousands)
    Trade receivables
     
    $
    16,345

     
    $
    14,427

     
    $
    18,754

    Unbilled revenue
     
    740

     
    1,624

     
    3,467

    Unissued credit notes
     
    —

     
    (138
    )
     
    (485
    )
    Provisions on trade receivables
     
    (588
    )
     
    (628
    )
     
    (810
    )
    Net trade receivables
     
    $
    16,497

     
    $
    15,285

     
    $
    20,926


    The movements in the provision for impairment of receivables were as follows:
     
     
    December 31,
     
     
    2015
     
    2016
     
    2017
     
     
    (in thousands)
    At January 1,
     
    $
    1,965

     
    $
    588

     
    $
    628

    Charge for the year
     
    15

     
    40

     
    182

    Utilized amounts
     
    (1,392
    )
     
    —

     
    —

    At year end
     
    $
    588

     
    $
    628

     
    $
    810


    As at year end, the aging analysis of trade receivables that were not impaired is as follows:
     
     
    Total
     
    Neither past
    due nor
    Impaired
     
    Past due but not impaired
     
     
     
     
     
     
    <30 days
     
    30-60 days
     
    60-120 days
     
    >120 days
     
     
    (in thousands)
    At December 31, 2015
     
    $
    16,497

     
    $
    12,589

     
    $
    3,520

     
    $
    138

     
    $
    250

     
    $
    —

    At December 31, 2016
     
    $
    15,285

     
    $
    12,995

     
    $
    412

     
    $
    374

     
    $
    1,494

     
    $
    10

    At December 31, 2017
     
    $
    20,926

     
    $
    12,746

     
    $
    4,771

     
    $
    1,036

     
    $
    1,673

     
    $
    700