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OTHER NON-FINANCIAL ASSETS | 12 Months Ended
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Dec. 31, 2021
OTHER NON-FINANCIAL ASSETS [Abstract] |
OTHER NON-FINANCIAL ASSETS | NOTE 12 - OTHER NON-FINANCIAL ASSETS The composition of other non-financial assets is as follows:
|  | Current assets |  |  | Non-current assets |  |  | Total Assets |
|  | As of |  |  | As of |  |  | As of |  |  | As of |  |  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
(a) Advance payments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aircraft insurance and other |  |  | 12,331 |  |  |  | 10,137 |  |  |  | - |  |  |  | - |  |  |  | 12,331 |  |  |  | 10,137 |
Others |  |  | 11,404 |  |  |  | 15,375 |  |  |  | 2,002 |  |  |  | 2,998 |  |  |  | 13,406 |  |  |  | 18,373 |
Subtotal advance payments |  |  | 23,735 |  |  |  | 25,512 |  |  |  | 2,002 |  |  |  | 2,998 |  |  |  | 25,737 |  |  |  | 28,510 |
(b) Contract assets (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
GDS costs |  |  | 6,439 |  |  |  | 4,491 |  |  |  | - |  |  |  | - |  |  |  | 6,439 |  |  |  | 4,491 |
Credit card commissions |  |  | 10,550 |  |  |  | 6,021 |  |  |  | - |  |  |  | - |  |  |  | 10,550 |  |  |  | 6,021 |
Travel agencies commissions |  |  | 8,091 |  |  |  | 4,964 |  |  |  | - |  |  |  | - |  |  |  | 8,091 |  |  |  | 4,964 |
Subtotal advance payments |  |  | 25,080 |  |  |  | 15,476 |  |  |  | - |  |  |  | - |  |  |  | 25,080 |  |  |  | 15,476 |
(c) Other assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aircraft maintenance reserve (2) |  |  | - |  |  |  | 8,613 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 8,613 |
Sales tax |  |  | 57,634 |  |  |  | 102,010 |  |  |  | 33,212 |  |  |  | 46,210 |  |  |  | 90,846 |  |  |  | 148,220 |
Other taxes |  |  | 1,661 |  |  |  | 4,023 |  |  |  | - |  |  |  | - |  |  |  | 1,661 |  |  |  | 4,023 |
Contributions to the International Aeronautical Telecommunications Society (“SITA”) |  |  | 258 |  |  |  | 258 |  |  |  | 739 |  |  |  | 739 |  |  |  | 997 |  |  |  | 997 |
Contributions to Universal Air Travel Plan “UATP” |  |  | - |  |  |  | - |  |  |  | 20 |  |  |  | - |  |  |  | 20 |  |  |  | - |
Judicial deposits |  |  | - |  |  |  | - |  |  |  | 89,459 |  |  |  | 76,835 |  |  |  | 89,459 |  |  |  | 76,835 |
Subtotal other assets |  |  | 59,553 |  |  |  | 114,904 |  |  |  | 123,430 |  |  |  | 123,784 |  |  |  | 182,983 |  |  |  | 238,688 |
Total Other Non - Financial Assets |  |  | 108,368 |  |  |  | 155,892 |  |  |  | 125,432 |  |  |  | 126,782 |  |  |  | 233,800 |  |  |  | 282,674 |
(1) Movement of Contracts assets:
|  |  |  |  |  |  |  | Cumulative |  |  |  |  |  |  |
|  |  |  |  |  |  |  | translation |  |  |  |  |  |  |
|  | Initial balance |  |  | Activation |  |  | adjustment |  |  | Amortization |  |  | Final balance |
|  |  | ThUS$ |  |  |  | ThUS$ |  |  |  | ThUS$ |  |  |  | ThUS$ |  |  |  | ThUS$ |
From January 1 to December 31, 2020 |  |  | 56,576 |  |  |  | 146,778 |  |  |  | (14,672 | ) |  |  | (173,206 | ) |  |  | 15,476 |
From January 1 to December 31, 2021 |  |  | 15,476 |  |  |  | 67,647 |  |  |  | (6,680 | ) |  |  | (51,363 | ) |  |  | 25,080 |
(2) Aircraft maintenance reserves reflect prepayment deposits made by the group to lessors of certain aircraft under operating lease agreements in order to ensure that funds are available to support the scheduled heavy maintenance of the aircraft. These deposits are calculated based on the operation, measured in cycles or flight hours, are paid periodically, and it is contractually stipulated that they be returned to the Company each time major maintenance is carried out. At the end of the lease, the unused maintenance reserves are returned to the Company or used to compensate the lessor for any debt related to the maintenance conditions of the aircraft. In some cases, (2 lease agreements), if the maintenance cost incurred by LATAM is less than the corresponding maintenance reserves, the lessor is entitled to retain those excess amounts at the time the heavy maintenance is performed. The Company periodically reviews its maintenance reserves for each of its leased aircraft to ensure that they will be recovered and recognizes an expense if any such amounts are less than probable of being returned. The cost of aircraft maintenance in the last years has been higher than the related maintenance reserves for all aircraft. As of December 31, 2021, the company does not maintain maintenance reserves, these were exercised by the lessors for the non-payment of rent as a result of the Chapter 11 Proceedings (ThUS$ 8,613 as of December 31, 2020). Aircraft maintenance reserves are classified as current or non-current depending on the dates when the related maintenance is expected to be performed (Note 2.23).

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