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
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001383395
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfFinancialAssetsExplanatory

    As at December 31, 2015, the Company held the following financial instruments carried at fair value on the statement of financial position:
    Assets measured at fair value
     
     
    At December 31,
     
     
     
     
     
     
     
     
    2015
     
    Level 1
     
    Level 2
     
    Level 3
     
     
    (in thousands)
    Available-for-sale instruments:
     
     
     
     
     
     
     
     
    Long-term investments
     
    $
    321

     
    —

     
    $
    321

     
    —

    Liabilities measured at fair value
     
     
    At December 31,
     
     
     
     
     
     
     
     
    2015
     
    Level 1
     
    Level 2
     
    Level 3
     
     
    (in thousands)
    Financial instruments at fair value through other comprehensive income:
     
     
     
     
     
     
     
     
    Cash flow hedge
     
    $
    (39
    )
     
    —

     
    $
    (39
    )
     
    —

    Financial instruments at fair value through profit and loss:
     
     
     
     
     
     
     
     
    Convertible debt embedded derivative
     
    $
    (6,091
    )
     
    —

     
    $
    (6,091
    )
     
    —

    As at December 31, 2016, the Company held the following financial instruments carried at fair value on the statement of financial position:
    Assets measured at fair value
     
     
    At December 31,
     
     
     
     
     
     
     
     
    2016
     
    Level 1
     
    Level 2
     
    Level 3
     
     
    (in thousands)
    Available-for-sale instruments:
     
     
     
     
     
     
     
     
    Long-term investments
     
    $
    310

     
    —

     
    $
    310

     
    —

    Liabilities measured at fair value
     
     
    At December 31,
     
     
     
     
     
     
     
     
    2016
     
    Level 1
     
    Level 2
     
    Level 3
     
     
    (in thousands)
    Financial instruments at fair value through other comprehensive income:
     
     
     
     
     
     
     
     
    Cash flow hedge
     
    $
    (150
    )
     
    —

     
    $
    (150
    )
     
    —

    As at December 31, 2017, the Company held the following financial instruments carried at fair value on the statement of financial position:
    Assets measured at fair value
     
     
    At December 31,
     
     
     
     
     
     
     
     
    2017
     
    Level 1
     
    Level 2
     
    Level 3
     
     
    (in thousands)
    Available-for-sale instruments:
     
     
     
     
     
     
     
     
    Long-term investments
     
    $
    353

     
    —

     
    $
    353

     
    —

    Liabilities measured at fair value
     
     
    At December 31,
     
     
     
     
     
     
     
     
    2017
     
    Level 1
     
    Level 2
     
    Level 3
     
     
    (in thousands)
    Financial instruments at fair value through other comprehensive income:
     
     
     
     
     
     
     
     
    Cash flow hedge
     
    $
    72

     
    —

     
    $
    72

     
    —

     
     
    Carrying amount
     
    Fair value
     
     
    December 31,
     
    December 31,
     
     
    2015
     
    2016
     
    2017
     
    2015
     
    2016
     
    2017
     
     
    (in thousands)
    Financial assets:
     
     
     
     
     
     
     
     
     
     
     
     
    Trade and other receivables
     
     
     
     
     
     
     
     
     
     
     
     
    Trade receivables
     
    $
    16,497

     
    $
    15,285

     
    $
    20,926

     
    $
    16,497

     
    $
    15,285

     
    $
    20,926

    Loans and other receivables
     

     

     

     

     

     

    Deposits
     
    345

     
    332

     
    402

     
    345

     
    332

     
    402

    Available for sale instruments
     

     

     

     

     

     

    Long-term investments
     
    321

     
    310

     
    353

     
    321

     
    310

     
    353

    Cash, cash equivalents and short-term investments
     
    8,681

     
    20,547

     
    3,295

     
    8,681

     
    20,547

     
    3,295

    Total financial assets
     
    $
    25,844

     
    $
    36,474

     
    $
    24,976

     
    $
    25,844

     
    $
    36,474

     
    $
    24,976

    Total current
     
    $
    25,178

     
    $
    35,832

     
    $
    24,221

     
    $
    25,178

     
    $
    35,832

     
    $
    24,221

    Total non-current
     
    $
    666

     
    $
    642

     
    $
    755

     
    $
    666

     
    $
    642

     
    $
    755

    Financial liabilities:
     
     
     
     
     
     
     
     
     
     
     
     
    Interest-bearing loans and borrowings:
     
     
     
     
     
     
     
     
     
     
     
     
    Finance lease liability
     
    12

     
    —

     
    —

     
    12

     
    —

     
    —

    Interest-bearing receivables financing
     
    6,472

     
    7,712

     
    7,413

     
    6,472

     
    7,712

     
    7,413

    Convertible debt and accrued expenses
     
    8,984

     
    16,338

     
    17,063

     
    8,984

     
    16,115

     
    16,309

    Government loans
     
    1,851

     
    1,852

     
    2,071

     
    1,851

     
    1,852

     
    2,071

    Research project financing
     
    2,947

     
    3,306

     
    4,004

     
    2,947

     
    3,306

     
    4,004

    Trade and other payables (current and non current)
     
    12,755

     
    18,358

     
    13,023

     
    12,755

     
    18,358

     
    13,023

    Financial instruments at fair value through other comprehensive income:
     

     

     

     

     

     

    Cash flow hedges
     
    39

     
    150

     
    —

     
    39

     
    150

     
    —

    Financial instruments at fair value through profit and loss:
     

     

     

     

     

     

    Convertible debt embedded derivative
     
    6,091

     
    —

     
    —

     
    6,091

     
    —

     
    —

    Total financial liabilities
     
    $
    39,151

     
    $
    47,716

     
    $
    43,574

     
    $
    39,151

     
    $
    47,493

     
    $
    42,820

    Total current
     
    $
    22,112

     
    $
    26,431

     
    $
    21,935

     
    $
    22,112

     
    $
    26,431

     
    $
    21,935

    Total non-current
     
    $
    17,039

     
    $
    21,285

     
    $
    21,639

     
    $
    17,039

     
    $
    21,062

     
    $
    20,885