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Prepaid expenses | 12 Months Ended
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Dec. 31, 2020
Text block [abstract] |
Prepaid expenses |
12. | Prepaid expenses
|  | 2020 |  |  | 2019 |
Prepaid taxes |  | $ | 10,022 |  |  | $ | 26,164 |
Prepaid commissions |  |  | 3,908 |  |  |  | 4,298 |
Prepaid insurance |  |  | 5,385 |  |  |  | 1,231 |
Prepaid to supplier |  |  | 17,224 |  |  |  | 35,084 |
|  | $ | 36,539 |  |  | $ | 66,777 |
Current |  |  | 30,473 |  |  |  | 49,034 |
Non-current |  |  | 6,066 |  |  |  | 17,743 |
|  | $ | 36,539 |  |  | $ | 66,777 |
Prepaid taxes include $4.0 million of tax advance of VAT and withholdings taxes (2019: $8.4 million). The non-current portion of prepaid expenses corresponds to $1.6 million (2019: $1.3 million) of advance payments of taxes which are credited to future payments from tax dividends in Panama and $4.5 million in tax credits (2019: $16.5 million). During 2020, the Tax Authorities in Colombia recognized the return of credits of income tax in tax refund titles equivalents to $14.8 million. The Company sold these titles and recognized a loss in sale of $0.01 million included under Other non-operating expense on the consolidated statement of profit or loss. Prepaid to supplier mainly includes operating expenses related to aircraft rent, fuel and maintenance services.

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- Definition The amount recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised. + References No definition available. + Details
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