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INVENTORIES | 12 Months Ended
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Dec. 31, 2018
Inventories Abstract |
INVENTORIES | NOTE 10 -INVENTORIES The composition of Inventories is as follows:
|  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |
Technical stock |  |  | 233,276 |  |  |  | 195,530 |
Non-technical stock |  |  | 46,068 |  |  |  | 41,136 |
Total |  |  | 279,344 |  |  |  | 236,666 |
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, |
|  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |
Provision for obsolescence Technical stock |  |  | 20,500 |  |  |  | 21,839 |
Provision for obsolescence Non-technical stock |  |  | 4,621 |  |  |  | 6,488 |
Total |  |  | 25,121 |  |  |  | 28,327 |
The resulting amounts do not exceed the respective net realization values. As of December 31, 2018, the Company recorded ThUS$ 120,214 (ThUS$ 155,421 as of December 31, 2017) in results, mainly related to on-board consumption and maintenance, which is part of the Cost of sales.

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