XML 158 R16.htm IDEA: XBRL DOCUMENT

INVENTORIES

12 Months Ended

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.