TRADE AND OTHER ACCOUNTS RECEIVABLE CURRENT, AND NON-CURRENT ACCOUNTS RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2018

Trade and other receivables [abstract]

Schedule of trade and other accounts receivable

	As of			As of
	December 31,			December 31,
	2018			2017
	ThUS$			ThUS$
Trade accounts receivable		1,077,561			1,175,796
Other accounts receivable		188,393			133,054
Total trade and other accounts receivable		1,265,954			1,308,850
Less: Allowance for impairment loss		(97,991	)		(87,909	)
Total net trade and accounts receivable		1,167,963			1,220,941
Less: non-current portion – accounts receivable		(5,381	)		(6,891	)
Trade and other accounts receivable, current		1,162,582			1,214,050

Schedule of matured accounts receivable and impaired

The maturity of the portfolio as of December 31, 2017 is as follows:

Up to date	1,040,671
Matured accounts receivable, but not impaired
Expired from 1 to 90 days	34,153
Expired from 91 to 180 days	10,141
More than 180 days overdue (*)	2,922
Total matured accounts receivable, but not impaired	47,216
Matured accounts receivable and impaired Judicial, pre-judicial collection and protested documents	43,175
Debtor under pre-judicial collection process and portfolio sensitization	44,734
Total matured accounts receivable and impaired	87,909
Total	1,175,796

(*) Value of this segment corresponds primarily to accounts receivable that were evaluated in their ability to recover, therefore not requiring a provision. 

Schedule of expected credit losses

As of December 31, 2018, in order to determine the expected credit losses, the company groups accounts receivable for passenger and cargo transportation; depending on the characteristics of shared credit risk and maturity.

	Portfolio maturity
				from 1 to			from 91 to			from 181 to			more of
	Up to date			90 days			180 days			360 days			360 days			Total
	ThUS$			ThUS$			ThUS$			ThUS$			ThUS$			ThUS$
Expected loss rate (1)		3	%		5	%		45	%		65	%		76	%		9	%
Gross book value (2)		888,930			91,387			11,085			15,078			71,081			1,077,561
Impairment loss provision		(23,933	)		(5,014	)		(4,983	)		(9,864	)		(54,197	)		(97,991	)

(1) Corresponds to the expected average rate.

(2) the gross book value represents the maximum growth risk value of trade accounts receivable.

Schedule of trade and other accounts receivable and non-current accounts receivable

Currency balances that make up the Trade and other accounts receivable and non-current accounts receivable are the following:

	As of		As of
	December 31,		December 31,
Currency	2018		2017
	ThUS$		ThUS$
Argentine Peso		82,893		49,958
Brazilian Real		511,174		635,894
Chilean Peso		118,546		90,302
Colombian peso		7,259		3,249
Euro		49,044		48,286
US Dollar		110,312		257,324
Other currency (*)		288,735		135,928
Total		1,167,963		1,220,941
(*) Other currencies
Australian Dollar		100,733		40,303
Chinese Yuan		5,106		37
Danish Krone		475		197
Pound Sterling		18,129		5,068
Indian Rupee		7,163		3,277
Japanese Yen		56,589		18,756
Norwegian Kroner		283		133
Swiss Franc		5,046		2,430
Korean Won		31,381		18,225
New Taiwanese Dollar		6,180		2,983
Other currencies		57,650		44,519
Total		288,735		135,928

Schedule of allowance for impairment loss of trade and other accounts receivables

The movements of the provision for impairment losses of the Trade Debtors and other accounts receivable are as follows:

				Adoption
	Opening			adjustment					(Increase)			Closing
	balance			IFRS 9 (*)			Write-offs		Decrease			balance
Periods	ThUS$			ThUS$			ThUS$		ThUS$			ThUS$
From January 1 to December 31, 2016		(60,072	)		-			20,910		(37,892	)		(77,054	)
From January 1 to December 31, 2017		(77,054	)		-			8,249		(19,104	)		(87,909	)
From January 1 to December 31, 2018		(87,909	)		(10,524	)		8,620		(8,178	)		(97,991	)

(*) Adjustment to the balance as of December 31, 2017 registered in retained earnings as of 01.01.2018 for the adoption of IFRS 9.

Schedule of accounts receivable categories

The maximum credit-risk exposure at the date of presentation of the information is the fair value of each one of the categories of accounts receivable indicated above.

As of December 31, 2018

As of December 31, 2017

Gross exposure

Gross

Exposure net

Gross exposure

Gross

Exposure net

according to

impaired

of risk

according to

Impaired

of risk

balance

exposure

concentrations

balance

exposure

concentrations

ThUS$

ThUS$

ThUS$

ThUS$

ThUS$

ThUS$

Trade accounts receivable

1,077,561

(97,991

)

979,570

1,175,796

(87,909

)

1,087,887

Other accounts receivable

188,393

-

188,393

133,054

-

133,054