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OTHER NON-FINANCIAL LIABILITIES
12 Months Ended
Dec. 31, 2017
Miscellaneous liabilities [abstract]  
OTHER NON-FINANCIAL LIABILITIES

NOTE 22 - OTHER NON-FINANCIAL LIABILITIES

 

    Current liabilities     Non-current liabilities     Total Liabilities  
    As of     As of     As of     As of     As of     As of  
    December 31,     December 31,     December 31,     December 31,     December 31,     December 31,  
    2017     2016     2017     2016     2017     2016  
    ThUS$     ThUS$     ThUS$     ThUS$     ThUS$     ThUS$  
                                     
Deferred revenues (*)     2,690,961       2,655,086       158,305       213,781       2,849,266       2,868,867  
Sales tax     22,902       19,402       -       -       22,902       19,402  
Retentions     38,197       45,542       -       -       38,197       45,542  
Others taxes     8,695       7,465       -       -       8,695       7,465  
Dividends payable     46,590       20,766       -       -       46,590       20,766  
Other sundry liabilities     16,618       13,984       -       -       16,618       13,984  
Total other non-financial liabilities     2,823,963       2,762,245       158,305       213,781       2,982,268       2,976,026  

 

(*) Note 2.20.

 

The balance comprises, mainly, deferred income by services not yet rendered at December 31, 2017 and 2016; and programs such as: LATAM Pass, LATAM Fidelidade y Multiplus:

 

LATAM Pass is the frequent passenger program created by LAN to reward the preference and loyalty of its customers with multiple benefits and privileges, through the accumulation of kilometers that can be exchanged for free flight tickets or for a varied range of products and services. Customers accumulate LATAM Pass kilometers every time they fly on LAN, TAM, oneworld® member companies and other airlines associated with the program, as well as buying at stores or using the services of a vast network of companies that have an agreement with the program around the world.

 

For its part, TAM, thinking of people who travel constantly, created the LATAM Fidelidade program, in order to improve the service and give recognition to those who choose the company. Through the program, customers accumulate points in a wide variety of loyalty programs in a single account and can redeem them in all TAM destinations and associated airline companies, and even more, participate in the Multiplus Fidelidade Network.

 

Multiplus is a coalition of loyalty programs, with the objective of operating accumulation and exchange of points. This program has a network integrated by associated companies, including hotels, financial institutions, retail companies, supermarkets, vehicle leases and magazines, among many other partners from different segments.