XML 76 R58.htm IDEA: XBRL DOCUMENT
v3.19.1

INVESTMENTS IN SUBSIDIARIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Disclosure of subsidiaries [abstract] |
Schedule of significant subsidiaries | Detail of significant subsidiaries and summarized financial information:
|  |  |  |  |  | Ownership |
|  |  |  |  |  | As of |  |  | As of |
|  | Country of |  | Functional |  | December 31, |  |  | December 31, |
Name of significant subsidiary |  | incorporation |  | currency |  | 2018 |  |  | 2017 |
|  |  |  |  |  | % |  |  | % |
Lan Perú S.A. |  | Peru |  | US$ |  |  | 70.00000 |  |  |  | 70.00000 |
Lan Cargo S.A. |  | Chile |  | US$ |  |  | 99.89803 |  |  |  | 99.89803 |
Lan Argentina S.A. |  | Argentina |  | ARS |  |  | 99.86560 |  |  |  | 99.86560 |
Transporte Aéreo S.A. |  | Chile |  | US$ |  |  | 100.00000 |  |  |  | 100.00000 |
Aerolane Líneas Aéreas Nacionales del Ecuador S.A. |  | Ecuador |  | US$ |  |  | 100.00000 |  |  |  | 100.00000 |
Aerovías de Integración Regional, AIRES S.A. |  | Colombia |  | COP |  |  | 99.19061 |  |  |  | 99.19061 |
TAM S.A. |  | Brazil |  | BRL |  |  | 99.99938 |  |  |  | 99.99938 |
Schedule of financial statements of subsidiaries | Summary financial information of significant subsidiaries
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Results for the year |
|  | Statement of financial position as of December 31, 2018 |  |  | ended December 31, 2018 |
|  | Total |  |  | Current |  |  | Non-current |  |  | Total |  |  | Current |  |  | Non-current |  |  |  |  |  | Net |
Name of significant subsidiary |  | Assets |  |  | Assets |  |  | Assets |  |  | Liabilities |  |  | Liabilities |  |  | Liabilities |  |  | Revenue |  |  | Income |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Lan Perú S.A. |  |  | 417,767 |  |  |  | 379,490 |  |  |  | 38,277 |  |  |  | 407,570 |  |  |  | 406,157 |  |  |  | 1,413 |  |  |  | 1,161,205 |  |  |  | 1,652 |
Lan Cargo S.A. |  |  | 511,275 |  |  |  | 243,499 |  |  |  | 267,776 |  |  |  | 334,498 |  |  |  | 292,153 |  |  |  | 42,345 |  |  |  | 269,783 |  |  |  | (34,401 | )
Lan Argentina S.A. |  |  | 243,173 |  |  |  | 235,919 |  |  |  | 7,254 |  |  |  | 239,127 |  |  |  | 236,702 |  |  |  | 2,425 |  |  |  | 254,069 |  |  |  | (148,032 | )
Transporte Aéreo S.A. |  |  | 330,777 |  |  |  | 72,597 |  |  |  | 258,180 |  |  |  | 128,428 |  |  |  | 27,440 |  |  |  | 100,988 |  |  |  | 304,084 |  |  |  | (17,847 | )
Aerolane Líneas Aéreas Nacionales del Ecuador S.A. |  |  | 106,487 |  |  |  | 96,564 |  |  |  | 9,923 |  |  |  | 95,860 |  |  |  | 89,819 |  |  |  | 6,041 |  |  |  | 234,169 |  |  |  | (1,135 | )
Aerovías de Integración Regional, AIRES S.A. |  |  | 116,118 |  |  |  | 55,865 |  |  |  | 60,253 |  |  |  | 77,746 |  |  |  | 69,149 |  |  |  | 8,597 |  |  |  | 291,827 |  |  |  | (5,068 | )
TAM S.A. (*) |  |  | 4,304,126 |  |  |  | 2,007,830 |  |  |  | 2,296,296 |  |  |  | 3,013,831 |  |  |  | 1,727,151 |  |  |  | 1,286,680 |  |  |  | 4,650,526 |  |  |  | (12,538 | )
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Results for the year |
|  | Statement of financial position as of December 31, 2017 |  |  | ended December 31, 2017 |
|  | Total |  |  | Current |  |  | Non-current |  |  | Total |  |  | Current |  |  | Non-current |  |  |  |  |  | Net |
Name of significant subsidiary |  | Assets |  |  | Assets |  |  | Assets |  |  | Liabilities |  |  | Liabilities |  |  | Liabilities |  |  | Revenue |  |  | Income |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Lan Perú S.A. |  |  | 315,607 |  |  |  | 294,308 |  |  |  | 21,299 |  |  |  | 303,204 |  |  |  | 301,476 |  |  |  | 1,728 |  |  |  | 1,046,423 |  |  |  | 1,205 |
Lan Cargo S.A. |  |  | 584,169 |  |  |  | 266,836 |  |  |  | 317,333 |  |  |  | 371,934 |  |  |  | 292,529 |  |  |  | 79,405 |  |  |  | 264,544 |  |  |  | (30,220 | )
Lan Argentina S.A. |  |  | 198,951 |  |  |  | 166,445 |  |  |  | 32,506 |  |  |  | 143,731 |  |  |  | 139,914 |  |  |  | 3,817 |  |  |  | 387,557 |  |  |  | (41,636 | )
Transporte Aéreo S.A. |  |  | 324,498 |  |  |  | 30,909 |  |  |  | 293,589 |  |  |  | 104,357 |  |  |  | 36,901 |  |  |  | 67,456 |  |  |  | 317,436 |  |  |  | 2,172 |
Aerolane Líneas Aéreas Nacionales del Ecuador S.A. |  |  | 96,407 |  |  |  | 66,166 |  |  |  | 30,241 |  |  |  | 84,123 |  |  |  | 78,817 |  |  |  | 5,306 |  |  |  | 219,039 |  |  |  | 3,722 |
Aerovías de Integración Regional, AIRES S.A. |  |  | 138,138 |  |  |  | 64,160 |  |  |  | 73,978 |  |  |  | 91,431 |  |  |  | 80,081 |  |  |  | 11,350 |  |  |  | 279,414 |  |  |  | 526 |
TAM S.A. (*) |  |  | 4,490,714 |  |  |  | 1,843,822 |  |  |  | 2,646,892 |  |  |  | 3,555,423 |  |  |  | 2,052,633 |  |  |  | 1,502,790 |  |  |  | 4,621,338 |  |  |  | 160,582 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Results for the year |
|  | Statement of financial position as of December 31, 2016 |  |  | ended December 31, 2016 |
|  | Total |  |  | Current |  |  | Non-current |  |  | Total |  |  | Current |  |  | Non-current |  |  |  |  |  | Net |
Name of significant subsidiary |  | Assets |  |  | Assets |  |  | Assets |  |  | Liabilities |  |  | Liabilities |  |  | Liabilities |  |  | Revenue |  |  | Income |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Lan Perú S.A. |  |  | 306,111 |  |  |  | 283,691 |  |  |  | 22,420 |  |  |  | 294,912 |  |  |  | 293,602 |  |  |  | 1,310 |  |  |  | 967,787 |  |  |  | (2,164 | )
Lan Cargo S.A. |  |  | 480,908 |  |  |  | 144,309 |  |  |  | 336,599 |  |  |  | 239,728 |  |  |  | 211,395 |  |  |  | 28,333 |  |  |  | 266,296 |  |  |  | (24,813 | )
Lan Argentina S.A. |  |  | 216,331 |  |  |  | 194,306 |  |  |  | 22,025 |  |  |  | 200,172 |  |  |  | 197,330 |  |  |  | 2,842 |  |  |  | 371,896 |  |  |  | (29,572 | )
Transporte Aéreo S.A. |  |  | 340,940 |  |  |  | 36,986 |  |  |  | 303,954 |  |  |  | 124,805 |  |  |  | 59,668 |  |  |  | 65,137 |  |  |  | 297,247 |  |  |  | 8,206 |
Aerolane Líneas Aéreas Nacionales del Ecuador S.A. |  |  | 89,667 |  |  |  | 56,064 |  |  |  | 33,603 |  |  |  | 81,101 |  |  |  | 75,985 |  |  |  | 5,116 |  |  |  | 219,676 |  |  |  | (1,281 | )
Aerovías de Integración Regional, AIRES S.A. |  |  | 129,734 |  |  |  | 55,132 |  |  |  | 74,602 |  |  |  | 85,288 |  |  |  | 74,160 |  |  |  | 11,128 |  |  |  | 277,503 |  |  |  | (13,675 | )
TAM S.A. (*) |  |  | 5,287,286 |  |  |  | 1,794,189 |  |  |  | 3,493,097 |  |  |  | 4,710,308 |  |  |  | 2,837,620 |  |  |  | 1,872,688 |  |  |  | 4,145,951 |  |  |  | 2,107 |
(*) Corresponds to consolidated information of TAM S.A. and Subsidiaries
Schedule of non-controlling interest of subsidiary |
|  |  |  |  |  | As of |  |  | As of |  |  | As of |  |  | As of |
Equity |  |  |  | Country |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  | Tax No. |  | of origin |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  |  |  |  |  | % |  |  | % |  |  | ThUS$ |  |  | ThUS$ |
Lan Perú S.A |  | 0-E |  | Peru |  |  | 30.00000 |  |  |  | 30.00000 |  |  |  | 3,063 |  |  |  | 3,722 |
Lan Cargo S.A. and Subsidiaries |  | 93.383.000-4 |  | Chile |  |  | 0.10196 |  |  |  | 0.10196 |  |  |  | (100 | ) |  |  | 849 |
Promotora Aérea Latinoamericana S.A. and Subsidiaries |  | 0-E |  | Mexico |  |  | 0.00000 |  |  |  | 51.00000 |  |  |  | - |  |  |  | 4,578 |
Inversora Cordillera S.A. and Subsidiaries |  | 0-E |  | Argentina |  |  | 0.13940 |  |  |  | 0.13940 |  |  |  | 8,684 |  |  |  | 3,502 |
Lan Argentina S.A. |  | 0-E |  | Argentina |  |  | 0.02890 |  |  |  | 0.02842 |  |  |  | (472 | ) |  |  | 79 |
Americonsult de Guatemala S.A. |  | 0-E |  | Guatemala |  |  | 1.00000 |  |  |  | 1.00000 |  |  |  | 1 |  |  |  | 1 |
Americonsult S.A. and Subsidiaries |  | 0-E |  | Mexico |  |  | 0.20000 |  |  |  | 0.20000 |  |  |  | 1 |  |  |  | - |
Americonsult Costa Rica S.A. |  | 0-E |  | Costa Rica |  |  | 1.00000 |  |  |  | 1.00000 |  |  |  | 11 |  |  |  | 12 |
Linea Aérea Carguera de Colombiana S.A. |  | 0-E |  | Colombia |  |  | 10.00000 |  |  |  | 10.00000 |  |  |  | (462 | ) |  |  | (520 | )
Aerolíneas Regionales de Integración Aires S.A. |  | 0-E |  | Colombia |  |  | 0.79880 |  |  |  | 0.80944 |  |  |  | 378 |  |  |  | 461 |
Transportes Aereos del Mercosur S.A. |  | 0-E |  | Paraguay |  |  | 5.02000 |  |  |  | 5.02000 |  |  |  | 1,740 |  |  |  | 1,324 |
Multiplus S.A. |  | 0-E |  | Brazil |  |  | 27.26000 |  |  |  | 27.26000 |  |  |  | 67,096 |  |  |  | 77,139 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 79,940 |  |  |  | 91,147 |
|  |  |  |  |  | For the year ended |  |  | For the year ended |
Incomes |  |  |  | Country |  | December 31, |  |  | December 31, |  |  | December 31, |  |  |  |  |  | December 31, |  |  |  |
|  | Tax No. |  | of origin |  | 2018 |  |  | 2017 |  |  | 2016 |  |  | 2018 |  |  | 2017 |  |  | 2016 |
|  |  |  |  |  | % |  |  | % |  |  | % |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Lan Perú S.A |  | 0-E |  | Peru |  |  | 30.00000 |  |  |  | 30.00000 |  |  |  | 30.00000 |  |  |  | 1,012 |  |  |  | 360 |  |  |  | (649 | )
Lan Cargo S.A. and Subsidiaries |  | 93.383.000-4 |  | Chile |  |  | 0.10196 |  |  |  | 0.10196 |  |  |  | 0.10196 |  |  |  | (395 | ) |  |  | (4 | ) |  |  | (7 | )
Promotora Aerea Latinoamericana S.A. and Subsidiaries |  | 0-E |  | Mexico |  |  | 0.00000 |  |  |  | 51.00000 |  |  |  | 51.00000 |  |  |  | - |  |  |  | 1,416 |  |  |  | 96 |
Inversora Cordillera S.A. and Subsidiaries |  | 0-E |  | Argentina |  |  | 0.13940 |  |  |  | 0.13940 |  |  |  | 0.70422 |  |  |  | 183 |  |  |  | 117 |  |  |  | 364 |
Lan Argentina S.A. |  | 0-E |  | Argentina |  |  | 0.02890 |  |  |  | 0.02842 |  |  |  | 0.13440 |  |  |  | 39 |  |  |  | 24 |  |  |  | 77 |
Americonsult de Guatemala S.A. |  | 0-E |  | Guatemala |  |  | 1.00000 |  |  |  | 1.00000 |  |  |  | 1.00000 |  |  |  | - |  |  |  | - |  |  |  | (4 | )
Americonsult S.A. and Subsidiaries |  | 0-E |  | Mexico |  |  | 0.20000 |  |  |  | 0.20000 |  |  |  | 0.00000 |  |  |  | 2 |  |  |  | - |  |  |  | - |
Linea Aérea Carguera de Colombiana S.A. |  | 0-E |  | Colombia |  |  | 10.00000 |  |  |  | 10.00000 |  |  |  | 10.00000 |  |  |  | 58 |  |  |  | 398 |  |  |  | (106 | )
Aerolíneas Regionales de Integración Aires S.A. |  | 0-E |  | Colombia |  |  | 0.79880 |  |  |  | 0.80944 |  |  |  | 0.80944 |  |  |  | (41 | ) |  |  | 4 |  |  |  | (140 | )
Transportes Aereos del Mercosur S.A. |  | 0-E |  | Paraguay |  |  | 5.02000 |  |  |  | 5.02000 |  |  |  | 5.02000 |  |  |  | 717 |  |  |  | 299 |  |  |  | 146 |
Multiplus S.A. |  | 0-E |  | Brazil |  |  | 27.26000 |  |  |  | 27.26000 |  |  |  | 27.26000 |  |  |  | 29,737 |  |  |  | 42,796 |  |  |  | 41,673 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 31,312 |  |  |  | 45,410 |  |  |  | 41,450 |
(*) On September 4, 2018, LATAM Airlines Brazil send a communication to Multiplus informing it that it intends to: (i) not renew or extend the contract of the operation when it expires; and (ii) make a public offer to acquire the shares of Multiplus that are not owned by it, in order to cancel the registration of Multiplus as a public limited company in the Comissão de Valores de Mobiliários of the Federative Republic of Brazil (CVM) and delist it from the Novo Mercado de B3. This process is subject to the approval of the Brazilian securities regulator and the public offer for the acquisition of shares is successful.

X
- Definition The disclosure of the composition of the group (the parent and all its subsidiaries). [Refer: Subsidiaries [member]; Parent [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2018-01-01 -Paragraph 10 -Subparagraph a -Clause i -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2018-03-01&anchor=para_10_a_i&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfCompositionOfGroupExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about consolidated structured entities. [Refer: Consolidated structured entities [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2018-01-01 -Section Nature of the risks associated with an entity's interests in consolidated structured entities -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2018-03-01&anchor=F16130622&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfInformationAboutConsolidatedStructuredEntitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of noncontrolling interest explanatory. + References No definition available. + Details
Name: | ltm_DisclosureOfNonControllingInterestExplanatory
Namespace Prefix: | ltm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration