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INVENTORIES

12 Months Ended

Dec. 31, 2017

Inventories Tables

INVENTORIES

NOTE 10 -INVENTORIES

The composition of Inventories is as follows:

		As of				As of
		December 31,				December 31,
		2017				2016
		ThUS$				ThUS$

Technical stock			195,530				191,864
Non-technical stock			41,136				49,499
Total			236,666				241,363

The items included in this heading are spare parts and materials that will be used mainly in consumption in in-flight and maintenance services provided to the Company and third parties, which are valued at average cost, net of provision for obsolescence, as per the following detail:

		As of				As of
		December 31,				December 31,
		2017				2016
		ThUS$				ThUS$

Provision for obsolescence Technical stock			21,839				31,647
Provision for obsolescenceNon-technical stock			6,488				3,429
Total			28,327				35,076

The resulting amounts do not exceed the respective net realization values.

As of December 31, 2017, the Company recorded ThUS$ 155,421 (ThUS$ 167,365 at December 31, 2016) within the income statement, mainly due to in-flight consumption and maintenance, which forms part of Cost of sales.