XML 72 R19.htm IDEA: XBRL DOCUMENT v3.21.1
Prepaid expenses
 12 Months Ended
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.