LATAM AIRLINES GROUP S.A. | CIK:0001047716 | 3

  • Filed: 4/5/2018
  • Entity registrant name: LATAM AIRLINES GROUP S.A. (CIK: 0001047716)
  • Generator: S2 Filings
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1047716/000161577418002424/0001615774-18-002424-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1047716/000161577418002424/ltm-20171231.xml
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    • ifrs-full:DisclosureOfInventoriesExplanatory

    NOTE 10 -INVENTORIES

     

    The composition of Inventories is as follows:

     

        As of     As of  
        December 31,     December 31,  
        2017     2016  
        ThUS$     ThUS$  
                 
    Technical stock     195,530       191,864  
    Non-technical stock     41,136       49,499  
    Total     236,666       241,363  

     

    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,  
        2017     2016  
        ThUS$     ThUS$  
                 
    Provision for obsolescence Technical stock     21,839       31,647  
    Provision for obsolescenceNon-technical stock     6,488       3,429  
    Total     28,327       35,076  

     

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

     

    As of December 31, 2017, the Company recorded ThUS$ 155,421 (ThUS$ 167,365 at December 31, 2016) within the income statement, mainly due to in-flight consumption and maintenance, which forms part of Cost of sales.