XML 86 R69.htm IDEA: XBRL DOCUMENT v3.8.0.1
EQUITY (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of reserves within equity [line items]  
Schedule of movement of authorized shares

The following table shows the movement of the authorized and fully paid shares described above:

 

Movement of authorized shares

 

    Nro. Of  
    shares  
       
Autorized shares as of January 1, 2016     551,847,819  
Increase capital approved at Extraordinary Shareholders meeting dated August 18, 2016     61,316,424  
Full capital decrease due to maturity of the subscription and payment period of the compensation plan 2011, December 21, 2016 (*)     (4,789,718 )
Authorized shares as of December 31, 2016     608,374,525  
         
Autorized shares as of January 1, 2017     608,374,525  
There is no movement of authorized shares during the period 2017     -  
Authorized shares as of December 31, 2017     608,374,525  

 

(*) See Note 34 (a.1)
Schedule of movement of fully paid shares

Movement fully paid shares

 

          Movement              
          value     Cost of issuance        
          of shares     and placement     Paid- in  
    N° of     (1)     of shares (2)     Capital  
    shares     ThUS$     ThUS$     ThUS$  
                         
Paid shares as of January 1, 2016     545,547,819       2,552,066       (6,361 )     2,545,705  
Approved at Extraordinary Shereholders meeting dated August 18, 2016     60,849,592       608,496       -       608,496  
Capital reserve     -       -       (4,793 )     (4,793 )
Increase (decrease) by transfers and other changes (4)     10,282       156       -       156  
Paid shares as of December 31, 2016     606,407,693       3,160,718       (11,154 )     3,149,564  
Paid shares as of January 1, 2017     606,407,693       3,160,718       (11,154 )     3,149,564  
Capital reserve     -       -       (3,299 )     (3,299 )
Paid shares as of December 31, 2017     606,407,693 (3)     3,160,718       (14,453 )     3,146,265  

 

(1)        Amounts reported represent only those arising from the payment of the shares subscribed.

 

(2)        Decrease of capital by capitalization of reserves for cost of issuance and placement of shares established according to Extraordinary Shareholder´s Meetings, where such decreases were authorized.

 

(3)        At December 31, 2017, the difference between authorized shares and fully paid shares are 1,966,832 shares, of which 1,500,000 correspond to compensation plans for executives of LATAM Airlines Group S.A. and subsidiaries (see Note 34(a.2)) and 466,832 correspond to the shares issued and unsubscribed from the capital increase approved at the Extraordinary Shareholders Meeting held on August 18, 2016.

 

(4)        These 10,282 shares were placed in January 2014 and charged to the Compensation plan 2011 (See Note 34 (a.1))
Schedule of movement of reserves of share-based payments

Movement of Reserves of share- based payments:

 

          Stock                    
    Opening     option     Deferred     Net movement     Closing  
Periods   balance     plan     tax     of the period     balance  
    ThUS$     ThUS$     ThUS$     ThUS$     ThUS$  
                               
From January 1 to December 31, 2015     29,642       8,924       (2,919 )     6,005       35,647  
From January 1 to December 31, 2016     35,647       3,698       (807 )     2,891       38,538  
From January 1 to December 31, 2017     38,538       943       -       943       39,481  
Schedule of balance of other sundry reserves

Balance of Other sundry reserves comprises the following:

 

    As of     As of     As of  
    December 31,     December 31,     December 31,  
    2017     2016     2015  
    ThUS$     ThUS$     ThUS$  
                   
Higher value for TAM S.A. share exchange (1)     2,665,692       2,665,692       2,665,692  
Reserve for the adjustment to the value of fixed assets (2)     2,620       2,620       2,620  
Transactions with non-controlling interest (3)     (25,911 )     (25,911 )     (25,891 )
Cost of issuance and placement of shares     0       (9 )     (4,793 )
Others     (2,621 )     (2,111 )     (2,949 )
Total     2,639,780       2,640,281       2,634,679  

 

  (1) Corresponds to the difference in the shares value of TAM S.A. acquired (under subscriptions) by Sister Holdco S.A. and Holdco II S.A. (under the Exchange Offer), as stipulated in the Declaration of Posting of Merger by Absorption and the fair value of these exchange shares of LATAM Airlines Group S.A. at June 22, 2012.

 

  (2) Corresponds to the technical revaluation of fixed assets authorized by the Commission for the Financial Market in 1979, in Circular N° 1529. The revaluation was optional and could be taken only once, the reserve is not distributable and can only be capitalized.

 

  (3) The balance at December 31, 2017, correspond to the loss generated by the participation of Lan Pax Group S.A. and Inversiones Lan S.A. in the acquisition of shares of Aerovías de Integración Regional Aires of ThUS$ (3,480) and ThUS$ (20), respectively; the acquisition of TAM S.A. of the minority holding of Aerolinhas Brasileiras S.A. of ThUS$ (885) and the acquisition of minority interest of Aerolane S.A. by Lan Pax group S.A. through Holdco Ecuador S.A. for US$ (21,526).
Schedule of movement of reserves with effect in other comprehensive income

Movement of Reserves with effect in other comprehensive income:

 

                Actuarial gain        
    Currency     Cash flow     or loss on defined        
    translation     hedging     benefit plans        
    reserve     reserve     reserve     Total  
    ThUS$     ThUS$     ThUS$     ThUS$  
                         
Opening balance as of January 1, 2015     (1,193,871 )     (151,340 )     -       (1,345,211 )
Derivatives valuation gains (losses)     -       82,730       -       82,730  
Deferred tax     -       (21,900 )     -       (21,900 )
Actuarial reserves by employee benefit plans     -       -       (14,627 )     (14,627 )
Deferred tax actuarial IAS by employee benefit plans     -       -       3,910       3,910  
Difference by subsidiaries conversion     (1,382,170 )     -       -       (1,382,170 )
Closing balance as of December 31, 2015     (2,576,041 )     (90,510 )     (10,717 )     (2,677,268 )
                                 
Opening balance as of January 1, 2016     (2,576,041 )     (90,510 )     (10,717 )     (2,677,268 )
Derivatives valuation gains (losses)     -       126,360       -       126,360  
Deferred tax     -       (34,344 )     -       (34,344 )
Actuarial reserves by employee benefit plans     -       -       (3,104 )     (3,104 )
Deferred tax actuarial IAS by employee benefit plans     -       -       921       921  
Difference by subsidiaries conversion     489,486       -       -       489,486  
Closing balance as of December 31, 2016     (2,086,555 )     1,506       (12,900 )     (2,097,949 )
                                 
Opening balance as of January 1, 2017     (2,086,555 )     1,506       (12,900 )     (2,097,949 )
Derivatives valuation gains (losses)     -       18,436       -       18,436  
Deferred tax     -       (1,802 )     -       (1,802 )
Actuarial reserves by employee benefit plans     -       -       2,758       2,758  
Deferred tax actuarial IAS by employee benefit plans     -       -       (784 )     (784 )
Difference by subsidiaries conversion     (45,036 )     -       -       (45,036 )
Closing balance as of December 31, 2017     (2,131,591 )     18,140       (10,926 )     (2,124,377 )
Schedule of movement of retained earnings

Movement of Retained earnings:

 

          Result           Other        
    Opening     for the           increase     Closing  
Periods   balance     period     Dividends     (decreases)     balance  
    ThUS$     ThUS$     ThUS$     ThUS$     ThUS$  
                               
From January 1 to December 31, 2015     536,190       (219,274 )     -       1,034       317,950  
From January 1 to December 31, 2016     317,950       69,220       (20,766 )     -       366,404  
From January 1 to December 31, 2017     366,404       155,304       (46,590 )     -       475,118  
Schedule of dividends

(h)        Dividends per share

 

    Minimum mandatory     Final dividend  
    dividend     dividend  
Description of dividend   2017     2016  
             
Date of dividend     12/31/2017       12-31-2016  
Amount of the dividend (ThUS$)     46,590       20,766 (*)
Number of shares among which the dividend is distributed     606,407,693       606,407,693  
Dividend per share (US$)     0.0768       0.0342  

 

(*) In accordance with the Material Fact issued on April 27, 2017, LATAM Airlines Group S.A. shareholders approved the distribution of the final dividend proposed by the board of directors in the Ordinary Session of April 4, 2017, amounting to ThUS $ 20,766, which corresponds to 30% of the profits for the year corresponding to the year 2016.
Other Sundry Reserves [Member]  
Disclosure of reserves within equity [line items]  
Schedule of balance of other sundry reserves

Movement of Other sundry reserves:

 

    Opening     Legal     Closing  
Periods   balance     reserves     balance  
    ThUS$     ThUS$     ThUS$  
                   
From January 1 to December 31, 2015     2,635,748       (1,069 )     2,634,679  
From January 1 to December 31, 2016     2,634,679       5,602       2,640,281  
From January 1 to December 31, 2017     2,640,281       (501 )     2,639,780