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COSTS AND EXPENSES BY NATURE
 12 Months Ended
Dec. 31, 2020
Disclosure of expenses by nature [text block] [Abstract]  
COSTS AND EXPENSES BY NATURE

NOTE 27 - COSTS AND EXPENSES BY NATURE


(a)Costs and operating expenses

The main operating costs and administrative expenses are detailed below:


   For the year ended
December 31,		 
   2020   2019   2018 
   ThUS$   ThUS$   ThUS$ 
             
Aircraft fuel   1,045,343    2,929,008    2,983,028 
Other rentals and landing fees (*)   720,005    1,275,859    1,206,881 
Aircraft maintenance   472,382    444,611    366,627 
Comisions   91,910    221,884    222,506 
Passenger services   97,688    261,330    280,279 
Other operating expenses   1,221,183    1,291,895    1,229,311 
Total   3,648,511    6,424,587    6,288,632 

(*)Lease expenses are included within this amount (See Note 2.21)

   For the period ended
December 31,		 
   2020   2019   2018 
   ThUS$   ThUS$   ThUS$ 
Payments for leases of low-value assets   21,178    31,982    27,929 
Rent concessions recognized directly in profit or loss   (110)   -    - 
Total   21,068    31,982    27,929 

(b)Depreciation and amortization

Depreciation and amortization are detailed below:


   For the year ended
December 31,		 
   2020   2019   2018 
   ThUS$   ThUS$   ThUS$ 
Depreciation (*)  1,219,586   1,389,465   1,307,032 
Amortization   169,800    80,511    65,596 
Total   1,389,386    1,469,976    1,372,628 

(*)Included within this amount is the depreciation of the Properties, plants and equipment (See Note 17 (a)) and the maintenance of the aircraft recognized as assets by right of use. The maintenance cost amount included in the depreciation line for the year ended December 31, 2020 is ThUS $ 276,908 and ThUS $ 445,680 for the same year 2019.

(c)Financial costs

The detail of financial costs is as follows:


   For the year ended
December 31,		 
   2020   2019   2018 
   ThUS$   ThUS$   ThUS$ 
Bank loan interest  314,468   325,650   283,786 
Financial leases   45,245    61,980    62,202 
Lease liabilities   170,918    181,814    182,868 
Other financial instruments   56,348    20,490    10,281 
Total   586,979    589,934    539,137 

Costs and expenses by nature presented in this Note plus the Employee expenses disclosed in Note 23, are equivalent to the sum of cost of sales, distribution costs, administrative expenses, other expenses and financing costs presented in the consolidated statement of income by function.


(d)Restructuring activities expenses

The Restructuring activities expenses are detailed below:


   For the year ended
December 31,		 
   2020   2019   2018 
   ThUS$   ThUS$   ThUS$ 
Fair value adjustment of fleet available for sale   331,522          -          - 
Rejection of aircraft lease contract   269,467    -    - 
Employee restructuring plan (*)   290,831    -    - 
Legal and financial advice   76,541    -    - 
Others   21,648    -    - 
Total   990,009    -    - 

(*) See note 2.1, letter c.


(e)Other (gains) losses

Other (gains) losses are detailed below:


   For the year ended
December 31,		 
   2020   2019   2018 
   ThUS$   ThUS$   ThUS$ 
Fuel hedging   82,487    -    - 
Slot Write Off   36,896    -    - 
Provision for onerous contract related to purchase commitment   44,000    -    - 
Goodwill Impairment   1,728,975    -    - 
Other   (17,569)   (11,525)   53,499 
Total   1,874,789    (11,525)   53,499