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INTANGIBLE ASSETS OTHER THAN GOODWILL

12 Months Ended

Dec. 31, 2017

Disclosure of detailed information about intangible assets [abstract]

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).