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INVENTORIES
 12 Months Ended
Dec. 31, 2022
Inventories [Abstract]  
INVENTORIES

NOTE 10 - INVENTORIES

 

The composition of Inventories is as follows:

 

   As of
December 31,
2022		   As of
December 31,
2021		 
   ThUS$   ThUS$ 
Technical stock (*)   438,717    250,327 
Non-technical stock (**)   39,072    37,010 
Total   477,789    287,337 

 

(*)Correspond to spare parts and materials that will be used in own maintenance services as well as those of third parties.

 

(**)Consumption of on-board services, uniforms and other indirect materials

 

These are valued at their average acquisition cost net of their obsolescence provision according to the following detail:

 

   As of
December 31,
2022		   As of
December 31,
2021		 
   ThUS$   ThUS$ 
Provision for obsolescence Technical stock   49,981    64,455 
Provision for obsolescence Non-technical stock   5,823    5,785 
Total   55,804    70,240 

 

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

 

As of December 31, 2022, the Company registered ThUS$ 148,790 (ThUS$ 47,362 as of December 31, 2021) in results, mainly related to on-board consumption and maintenance, which is part of the Cost of sales.