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INVENTORIES

12 Months Ended

Dec. 31, 2020

INVENTORIES [Abstract]

NOTE 10 - INVENTORIES

The composition of Inventories is as follows:

		As of				As of
		December 31,				December 31,
		2020				2019
		ThUS$				ThUS$
Technical stock			284,409				315,286
Non-technical stock			39,165				38,946
Total			323,574				354,232

The items included in this item correspond to spare parts and materials which will be used, mainly, in consumptions of on-board services and in own and third-party maintenance services; These are valued at their average acquisition cost net of their obsolescence provision according to the following detail:

		As of				As of
		December 31,				December 31,
		2020				2019
		ThUS$				ThUS$
Provision for obsolescence Technical stock			42,979				21,193
Provision for obsolescence Non-technical stock			4,651				11,610
Total			47,630				32,803

The resulting amounts do not exceed the respective net realization values.

As of December 31, 2020, the Company registered ThUS$ 55,507 (ThUS$ 133,286 as of December 31, 2019) in results, mainly related to on-board consumption and maintenance, which is part of the Cost of sales.