INVENTORIES

12 Months Ended

Dec. 31, 2018

Inventories Abstract

INVENTORIES

NOTE 10 -INVENTORIES

The composition of Inventories is as follows:

	As of		As of
	December 31,		December 31,
	2018		2017
	ThUS$		ThUS$
Technical stock		233,276		195,530
Non-technical stock		46,068		41,136
Total		279,344		236,666

The items included in this heading are spare parts and materials that will be used mainly in consumption in in-flight and maintenance services provided to the Company and third parties, which are valued at average cost, net of provision for obsolescence, as per the following detail:

	As of		As of
	December 31,		December 31,
	2018		2017
	ThUS$		ThUS$
Provision for obsolescence Technical stock		20,500		21,839
Provision for obsolescence Non-technical stock		4,621		6,488
Total		25,121		28,327

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

As of December 31, 2018, the Company recorded ThUS$ 120,214 (ThUS$ 155,421 as of December 31, 2017) in results, mainly related to on-board consumption and maintenance, which is part of the Cost of sales.