ACCOUNTING ESTIMATES AND JUDGMENTS (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Estimates And Judgments

Schedule for intangible assets with an indefinite useful life assigned to CGU

The book value of the surplus value assigned to each CGU as of December 31, 2018 amounts to ThUS$ 1,845,136 and ThUS$ 448,936 (ThUS$ $ 2,146,692 and ThUS$ 525,858 as of December 31, 2017), which include the following intangible assets with an indefinite useful life:

	Air Transport CGU				Coalition and loyalty Program Multiplus CGU
	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		-		-
Loyalty program		-		-		274,420		321,440

Schedule of consumer price index

For hyperinflation application on balances as of December 31, 2017, depending on the age of the non-monetary assets and liabilities, the index used were the following:

Year	2004		2005		2014		2015		2016		2017
Index		240.23		266.3		841.66		986.04		1,327.09		1,656.15

For the hyperinflation adjustment of the 2018 items, the following index were used:

Month	Jan-18		Feb-18		Mar-18		Apr-18		May-18		Jun-18		Jul-18		Aug-18		Sep-18		Oct-18		Nov-18
Index		1,685.25		1,726.02		1,766.42		1,814.81		1,852.47		1,921.69		1,981.30		2,058.36		2,192.86		2,311.09		2,383.96

Schedule of consolidated effects of IAS 29 adjustment

The consolidated effects of IAS 29 adjustment on the balances as of January 1, 2018 were as follows:

	ThUS$
Assets		5,129
Liabilities		377
Retained earings		4,752

The effect of inflation on the Company’s net monetary position in the consolidated income statements for the year ended December 31, 2018 were as follows:

	ThUS$
Assets		1,379
Liabilities		(2,005	)
Loss		(626	)