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INTANGIBLE ASSETS OTHER THAN GOODWILL | 12 Months Ended
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Dec. 31, 2017
Disclosure of detailed information about intangible assets [abstract] |
INTANGIBLE ASSETS OTHER THAN GOODWILL | NOTE 15 - INTANGIBLE ASSETS OTHER THAN GOODWILL The details of intangible assets are as follows:
|  | Classes of intangible assets |  |  | Classes of intangible assets |
|  | (net) |  |  | (gross) |
|  | As of |  |  | As of |  |  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Airport slots |  |  | 964,513 |  |  |  | 978,849 |  |  |  | 964,513 |  |  |  | 978,849 |
Loyalty program |  |  | 321,440 |  |  |  | 326,262 |  |  |  | 321,440 |  |  |  | 326,262 |
Computer software |  |  | 160,970 |  |  |  | 157,016 |  |  |  | 509,377 |  |  |  | 419,652 |
Developing software |  |  | 123,415 |  |  |  | 91,053 |  |  |  | 123,415 |  |  |  | 91,053 |
Trademarks (1) |  |  | 46,909 |  |  |  | 57,133 |  |  |  | 62,539 |  |  |  | 63,730 |
Other assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 808 |
Total |  |  | 1,617,247 |  |  |  | 1,610,313 |  |  |  | 1,981,284 |  |  |  | 1,880,354 |
Movement in Intangible assets other than goodwill:
|  | Computer |  |  |  |  |  |  |  |  | Trademarks |  |  |  |
|  | software |  |  | Developing |  |  | Airport |  |  | and loyalty |  |  |  |
|  | Net |  |  | software |  |  | slots (2) |  |  | program (1) (2) |  |  | Total |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Opening balance as of January 1, 2015 |  |  | 126,797 |  |  |  | 74,050 |  |  |  | 1,201,028 |  |  |  | 478,204 |  |  |  | 1,880,079 |
Additions |  |  | 4,954 |  |  |  | 48,270 |  |  |  | - |  |  |  | - |  |  |  | 53,224 |
Withdrawals |  |  | (4,612 | ) |  |  | (162 | ) |  |  | - |  |  |  | (1 | ) |  |  | (4,775 | )
Transfer software |  |  | 28,726 |  |  |  | (30,426 | ) |  |  | - |  |  |  | - |  |  |  | (1,700 | )
Foreing exchange |  |  | (14,871 | ) |  |  | (16,845 | ) |  |  | (384,041 | ) |  |  | (152,910 | ) |  |  | (568,667 | )
Amortization |  |  | (36,736 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (36,736 | )
Closing balance as of December 31, 2015 |  |  | 104,258 |  |  |  | 74,887 |  |  |  | 816,987 |  |  |  | 325,293 |  |  |  | 1,321,425 |
Opening balance as of January 1, 2016 |  |  | 104,258 |  |  |  | 74,887 |  |  |  | 816,987 |  |  |  | 325,293 |  |  |  | 1,321,425 |
Additions |  |  | 6,688 |  |  |  | 83,672 |  |  |  | - |  |  |  | - |  |  |  | 90,360 |
Withdrawals |  |  | (736 | ) |  |  | (191 | ) |  |  | - |  |  |  | - |  |  |  | (927 | )
Transfer software |  |  | 85,029 |  |  |  | (74,376 | ) |  |  | - |  |  |  | - |  |  |  | 10,653 |
Foreing exchange |  |  | 5,689 |  |  |  | 7,061 |  |  |  | 161,862 |  |  |  | 64,447 |  |  |  | 239,059 |
Amortization |  |  | (43,912 | ) |  |  | - |  |  |  | - |  |  |  | (6,345 | ) |  |  | (50,257 | )
Closing balance as of December 31, 2016 |  |  | 157,016 |  |  |  | 91,053 |  |  |  | 978,849 |  |  |  | 383,395 |  |  |  | 1,610,313 |
Opening balance as of January 1, 2017 |  |  | 157,016 |  |  |  | 91,053 |  |  |  | 978,849 |  |  |  | 383,395 |  |  |  | 1,610,313 |
Additions |  |  | 8,453 |  |  |  | 78,880 |  |  |  | - |  |  |  | - |  |  |  | 87,333 |
Withdrawals |  |  | (244 | ) |  |  | (684 | ) |  |  | - |  |  |  | - |  |  |  | (928 | )
Transfer software |  |  | 45,783 |  |  |  | (45,580 | ) |  |  | - |  |  |  | - |  |  |  | 203 |
Foreing exchange |  |  | (1,215 | ) |  |  | (254 | ) |  |  | (14,336 | ) |  |  | (5,459 | ) |  |  | (21,264 | )
Amortization |  |  | (48,823 | ) |  |  | - |  |  |  | - |  |  |  | (9,587 | ) |  |  | (58,410 | )
Closing balance as of December 31, 2017 |  |  | 160,970 |  |  |  | 123,415 |  |  |  | 964,513 |  |  |  | 368,349 |  |  |  | 1,617,247 |
(1) | In 2016, after the extensive work of integration after the association between LAN and TAM, during which there has been solid progress in the homologation of the optimization processes of its air connections, in addition to the restructuring and modernization of the fleet of aircraft, the Company has resolved adopt a unique name and identity, and announce that the brand of the group will be LATAM ", which would unite all companies under a single image.
Given the above, we have proceeded to review the brands useful life, concluding that these should go from an indefinite to defined useful life. The estimated new useful life is 5 years, equivalent to the period for finishing all the image changes necessary.
(2) | See Note 2.5
The amortization of the period is shown in the consolidated statement of income in administrative expenses. The accumulated amortization of computer programs and brands as of December 31, 2017, amounts to ThUS$ 373,463 (ThUS$ 270,041 at December 31, 2016).

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