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INVENTORIES | 12 Months Ended
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Dec. 31, 2019
Disclosure of inventories [text block] [Abstract] |
Disclosure of inventories [text block] | NOTE 10 - INVENTORIES The composition of Inventories is as follows:
|  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
|  | ThUS$ |  |  | ThUS$ |
Technical stock |  |  | 315,286 |  |  |  | 233,276 |
Non-technical stock |  |  | 38,946 |  |  |  | 46,068 |
Total |  |  | 354,232 |  |  |  | 279,344 |
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, |
|  | 2019 |  |  | 2018 |
|  | ThUS$ |  |  | ThUS$ |
Provision for obsolescence Technical stock |  |  | 21,193 |  |  |  | 20,500 |
Provision for obsolescenceNon-technical stock |  |  | 11,610 |  |  |  | 4,621 |
Total |  |  | 32,803 |  |  |  | 25,121 |
The resulting amounts do not exceed the respective net realization values. For the period ended December 31, 2019, the Company recorded ThUS$ 133,286 (ThUS$ 120,214 for the period ended December 31, 2018) in results, mainly related to on-board consumption and maintenance, which is part of the Cost of sales.

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- Definition The entire disclosure for inventories. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 2 -IssueDate 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=2&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IAS02_g36-39_TI -URIDate 2019-03-27 + Details
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