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v3.19.1

EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2018
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
|  |  |  |  | Expired shares |  |  |  |
|  | Opening |  |  | intended for |  |  | Closing |
Nro. Of shares |  | balance |  |  | compensation plans |  |  | balance |
From January 1 to December 31, 2017 |  |  | 608,374,525 |  |  |  | - |  |  |  | 608,374,525 |
From January 1 to December 31, 2018 |  |  | 608,374,525 |  |  |  | (1,500,000 | )(*) |  |  | 606,874,525 |
(*) On June 11, 2018, the term of subscription and payment of 1,500,000 shares to create and implement compensation plans for Company employees expired.
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, 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 |  |  |  | 3,160,718 |  |  |  | (14,453 | ) |  |  | 3,146,265 |
Paid shares as of January 1, 2018 |  |  | 606,407,693 |  |  |  | 3,160,718 |  |  |  | (14,453 | ) |  |  | 3,146,265 |
Paid shares as of December 31, 2018 |  |  | 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, 2018, the difference between authorized shares and fully paid shares are 466,832 shares, of which correspond to the shares issued and unsubscribed from the capital increase approved at the Extraordinary Shareholders Meeting held on August 18, 2016.
Schedule of movement of reserves of share-based payments |
Reserve 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, 2016 |  |  | 35,647 |  |  |  | 3,698 |  |  |  | (807 | ) |  |  | 2,891 |  |  |  | 38,538 |
From January 1 to December 31, 2017 |  |  | 38,538 |  |  |  | 943 |  |  |  | - |  |  |  | 943 |  |  |  | 39,481 |
From January 1 to December 31, 2018 |  |  | 39,481 |  |  |  | (1,607 | ) |  |  | - |  |  |  | (1,607 | ) |  |  | 37,874 |
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, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | 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) |  |  | (25,913 | ) |  |  | (25,911 | ) |  |  | (25,911 | )
Cost of issuance and placement of shares |  |  | - |  |  |  | - |  |  |  | (9 | )
Others |  |  | (3,483 | ) |  |  | (2,621 | ) |  |  | (2,111 | )
Total |  |  | 2,638,916 |  |  |  | 2,639,780 |  |  |  | 2,640,281 |
| (1) | Corresponds to the difference between the value of the shares of TAM S.A., acquired by Sister Holdco S.A. (under the Subscriptions) and by Holdco II S.A. (by virtue of the Exchange Offer), which is recorded in the declaration of completion of the merger by absorption, and the fair value of the shares exchanged by LATAM Airlines Group S.A. as of June 22, 2012.
| (2) | Corresponds to the technical revaluation of the fixed assets authorized by the Commission for the Financial Market in the year 1979, in Circular No. 1529. The revaluation was optional and could be made only once; the originated reserve is not distributable and can only be capitalized.
| (3) | The balance as of December 31, 2018 corresponds to the loss generated by: Lan Pax Group S.A. e Inversiones Lan S.A. in the acquisition of shares of Aerovías de Integración Regional Aires S.A. for ThUS $ (3,480) and ThUS $ (20), respectively; the acquisition of TAM S.A. of the minority interest in Aerolinhas Brasileiras S.A. for ThUS $ (885), the acquisition of Inversiones Lan S.A. of the minority participation in Aires Integra Regional Airlines S.A. for an amount of ThUS $ (2) and the acquisition of a minority stake in Aerolane S.A. by Lan Pax Group S.A. for an amount of ThUS $ (21,526) through Holdco Ecuador S.A.
Schedule of movement of reserves with effect in other comprehensive income | Movement of Reserves with effect in other comprehensive income:
|  | Currency |  |  | Cash flow |  |  | Actuarial gain or loss on defined |  |  |  |
|  | translation |  |  | hedging |  |  | benefit plans |  |  |  |
|  | reserve |  |  | reserve |  |  | reserve |  |  | Total |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
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 |  |  | (45,035 | ) |  |  | - |  |  |  | - |  |  |  | (45,035 | )
Closing balance as of December 31, 2017 |  |  | (2,131,590 | ) |  |  | 18,140 |  |  |  | (10,926 | ) |  |  | (2,124,376 | )
Opening balance as of January 1, 2018 |  |  | (2,131,590 | ) |  |  | 18,140 |  |  |  | (10,926 | ) |  |  | (2,124,376 | )
Derivatives valuation gains (losses) |  |  | - |  |  |  | (26,899 | ) |  |  | - |  |  |  | (26,899 | )
Deferred tax |  |  | - |  |  |  | (574 | ) |  |  | - |  |  |  | (574 | )
Actuarial reserves by employee benefit plans |  |  | - |  |  |  | - |  |  |  | (5,819 | ) |  |  | (5,819 | )
Deferred tax actuarial IAS by employee benefit plans |  |  | - |  |  |  | - |  |  |  | 1,567 |  |  |  | 1,567 |
Difference by subsidiaries conversion |  |  | (597,615 | ) |  |  | - |  |  |  | - |  |  |  | (597,615 | )
Closing balance as of December 31, 2018 |  |  | (2,729,205 | ) |  |  | (9,333 | ) |  |  | (15,178 | ) |  |  | (2,753,716 | )
Schedule of movement of retained earnings |
Retained earnings
Movement of Retained earnings:
|  |  |  |  |  |  |  |  |  |  | Other |  |  |  |
|  |  |  |  | Result |  |  |  |  |  | increase |  |  |  |
|  | Opening |  |  | for the |  |  |  |  |  | (decreases) |  |  | Closing |
Periods |  | balance |  |  | period |  |  | Dividends |  |  | (1) (2) |  |  | balance |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
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 |  |  |  | (46,591 | ) |  |  | - |  |  |  | 475,117 |
From January 1 to December 31, 2018 |  |  | 475,117 |  |  |  | 181,935 |  |  |  | (54,580 | ) |  |  | (4,797 | ) |  |  | 597,675 |
| (1) | Adjustments adoption IFRS 9 and IFRS 15 ThUS (9,549) (See Note 2)
| (2) | Variation effect in Accumulated results, by application IAS 29, Argentina hyperinflation:
Items |  | ThUS$ |
Property, plant and equipment |  |  | 4,573 |
Intangible assets other than goodwill |  |  | 69 |
Goodwill |  |  | 335 |
Deferred incomes |  |  | (377 | )
Other non-financial assets |  |  | 152 |
Total Adjust accumulated results |  |  | 4,752 |
Schedule of dividends |
Dividends per share
|  | Minimum mandatory |  |  | Final dividend |
|  | dividend |  |  | dividend |
Description of dividend |  | 2018 |  |  | 2017 |
Date of dividend |  |  | 12/31/2018 |  |  |  | 12/31/2017 |
Amount of the dividend (ThUS$) |  |  | 54,580 |  |  |  | 46,591 | (*)
Number of shares among which the dividend is distributed |  |  | 606,407,693 |  |  |  | 606,407,693 |
Dividend per share (US$) |  |  | 0.0900 |  |  |  | 0.0768 |
(*) By virtue of the Essential Fact issued on April 26, 2018, the shareholders of LATAM approved the distribution of the final dividend proposed by the Board of Directors in Ordinary Session of April 26, 2018, which amounts to ThUS $ 46,591, which corresponds to 30% of the profits for the year corresponding to 2017.
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, 2016 |  |  | 2,634,679 |  |  |  | 5,602 |  |  |  | 2,640,281 |
From January 1 to December 31, 2017 |  |  | 2,640,281 |  |  |  | (501 | ) |  |  | 2,639,780 |
From January 1 to December 31, 2018 |  |  | 2,639,780 |  |  |  | (864 | ) |  |  | 2,638,916 |

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