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Cash and Cash Equivalents
 12 Months Ended
Dec. 31, 2017
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Cash and Cash Equivalents

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)  

Cash

      178,895        146,374        32,054  

Cash equivalent term deposits

      144,486        110,100        105,826  
  

 

 

     

 

 

     

 

 

  

Total cash and cash equivalent as reported in statement of financial position

      323,381        256,473        137,880  
  

 

 

     

 

 

     

 

 

  

Bank overdrafts

      —          —          —    
  

 

 

     

 

 

     

 

 

  

Total net cash and cash equivalents as reported in the statement of cash flow

      323,381        256,473        137,880  
  

 

 

     

 

 

     

 

 

  

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.