INTANGIBLE ASSETS OTHER THAN GOODWILL

12 Months Ended

Dec. 31, 2018

Disclosure of detailed information about intangible assets [abstract]

INTANGIBLE ASSETS OTHER THAN GOODWILL

NOTE 15 - INTANGIBLE ASSETS OTHER THAN GOODWILL

The details of intangible assets are as follows:

	Classes of intangible assets				Classes of intangible assets
	(net)				(gross)
	As of		As of		As of		As of
	December 31,		December 31,		December 31,		December 31,
	2018		2017		2018		2017
	ThUS$		ThUS$		ThUS$		ThUS$
Airport slots		828,969		964,513		828,969		964,513
Loyalty program		274,420		321,440		274,420		321,440
Computer software		156,038		160,970		529,009		509,377
Developing software		151,853		123,415		151,853		123,415
Trademarks (1)		29,361		46,909		53,391		62,539
Other assets		431		-		1,325		-
Total		1,441,072		1,617,247		1,838,967		1,981,284

Movement in Intangible assets other than goodwill:

	Computer									Trademarks
	software			Developing			Airport			and loyalty
	Net			software			slots (2)			program (1) ( 2)			Total
	ThUS$			ThUS$			ThUS$			ThUS$			ThUS$
Opening balance as of January 1, 2016		104,258			74,887			816,987			325,293			1,321,425
Additions		6,688			83,672			-			-			90,360
Withdrawals		(736	)		(191	)		-			-			(927	)
Transfer software		85,029			(74,376	)		-			-			10,653
Foreing exchange		5,689			7,061			161,862			64,447			239,059
Amortization		(43,912	)		-			-			(6,345	)		(50,257	)
Closing balance as of December 31, 2016		157,016			91,053			978,849			383,395			1,610,313
Opening balance as of January 1, 2017		157,016			91,053			978,849			383,395			1,610,313
Additions		8,453			78,880			-			-			87,333
Withdrawals		(244	)		(684	)		-			-			(928	)
Transfer software		45,783			(45,580	)		-			-			203
Foreing exchange		(1,215	)		(254	)		(14,336	)		(5,459	)		(21,264	)
Amortization		(48,823	)		-			-			(9,587	)		(58,410	)
Closing balance as of December 31, 2017		160,970			123,415			964,513			368,349			1,617,247
Opening balance as of January 1, 2018		160,970			123,415			964,513			368,349			1,617,247
Additions		792			94,300			-			-			95,092
Withdrawals		(403	)		(124	)		-			-			(527	)
Transfer software		59,675			(61,087	)		-			-			(1,412	)
Foreing exchange		(10,136	)		(4,651	)		(135,544	)		(53,521	)		(203,852	)
Amortization		(54,549	)		-			-			(11,047	)		(65,596	)
Hyperinflation Argentina		62			-			-			-			62
Adjustment aplication IAS 29 by hyperinflation Argentina		58			-			-			-			58
Closing balance as of December 31, 2018		156,469			151,853			828,969			303,781			1,441,072

1) In 2016, the Company resolved to adopt a unique name and identity, and announced that the group's brand will be LATAM, which united all the companies under a single image.

The estimate of the new useful life is 5 years, equivalent to the period necessary to complete the change of image.

2) See Note 2.5

The amortization of each period is recognized in the consolidated income statement in the administrative expenses. The cumulative amortization of computer programs and brands as of December 31, 2018, amounts to ThUS $ 439,059 (ThUS $ 373,463 as of December 31, 2017).