XML 188 R62.htm IDEA: XBRL DOCUMENT
v3.20.1

CURRENT AND DEFERRED TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Disclosure of income tax [text block] [Abstract] |
Schedule of Composition of current tax assets |
|  | Current assets |  |  | Non-current assets |  |  | Total assets |
|  | As of |  |  | As of |  |  | As of |  |  | As of |  |  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Provisional monthly payments (advances) |  |  | 10,968 |  |  |  | 48,480 |  |  |  | - |  |  |  | - |  |  |  | 10,968 |  |  |  | 48,480 |
Other recoverable credits |  |  | 18,353 |  |  |  | 20,654 |  |  |  | - |  |  |  | 757 |  |  |  | 18,353 |  |  |  | 21,411 |
Total assets by current tax |  |  | 29,321 |  |  |  | 69,134 |  |  |  | - |  |  |  | 757 |  |  |  | 29,321 |  |  |  | 69,891 |
Schedule of composition of current tax liabilities |
|  | Current liabilities |  |  | Non-current liabilities |  |  | Total liabilities |
|  | As of |  |  | As of |  |  | As of |  |  | As of |  |  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Income tax provision |  |  | 11,925 |  |  |  | 3,738 |  |  |  | - |  |  |  | - |  |  |  | 11,925 |  |  |  | 3,738 |
Total liabilities by current tax |  |  | 11,925 |  |  |  | 3,738 |  |  |  | - |  |  |  | - |  |  |  | 11,925 |  |  |  | 3,738 |
Disclosure For Balances Of Deferred Tax Assets And Liabilities Explanatory |
|  | Assets |  |  | Liabilities |
|  | As of |  |  | As of |  |  | As of |  |  | As of |
Concept |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
|  |  |  |  | Restated |  |  |  |  |  | Restated |
Properties, Plants and equipment |  |  | 186,311 |  |  |  | 150,831 |  |  |  | 1,700,215 |  |  |  | 1,733,327 |
Assets by right of use |  |  | 42,011 |  |  |  | 202 |  |  |  | (91,470 | ) |  |  | (85,550 | )
Amortization |  |  | (903 | ) |  |  | (983 | ) |  |  | 52,233 |  |  |  | 55,880 |
Provisions |  |  | (139,346 | ) |  |  | (38,303 | ) |  |  | (182,913 | ) |  |  | (75,631 | )
Revaluation of financial instruments |  |  | 422 |  |  |  | 445 |  |  |  | (9,857 | ) |  |  | 458 |
Tax losses |  |  | 155,539 |  |  |  | 170,980 |  |  |  | (1,200,729 | ) |  |  | (1,198,170 | )
Intangibles |  |  | - |  |  |  | - |  |  |  | 349,082 |  |  |  | 351,238 |
Others |  |  | (8,451 | ) |  |  | (9,643 | ) |  |  | 242 |  |  |  | 5,019 |
Total |  |  | 235,583 |  |  |  | 273,529 |  |  |  | 616,803 |  |  |  | 786,571 |
Schedule of movements of deferred tax assets and liabilities |
|  | Opening |  |  | Recognized in |  |  | Recognized in |  |  | Exchange |  |  | Ending |
|  | balance |  |  | consolidated |  |  | comprehensive |  |  | rate |  |  | balance |
|  | Assets/(liabilities) |  |  | income |  |  | income |  |  | variation |  |  | Asset (liability) |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Properties, Plants and equipment |  |  | (1,615,783 | ) |  |  | 46,403 |  |  |  | - |  |  |  | 616 |  |  |  | (1,568,764 | )
Assets by right of use |  |  | 61,343 |  |  |  | 14,506 |  |  |  | - |  |  |  | - |  |  |  | 75,849 |
Amortization |  |  | (77,480 | ) |  |  | 22,486 |  |  |  | - |  |  |  | 174 |  |  |  | (54,820 | )
Provisions |  |  | 281,369 |  |  |  | (286,267 | ) |  |  | (785 | ) |  |  | (4,778 | ) |  |  | (10,461 | )
Revaluation of financial instruments |  |  | 3,223 |  |  |  | 2,417 |  |  |  | (1,770 | ) |  |  | (120 | ) |  |  | 3,750 |
Tax losses |  |  | 1,328,736 |  |  |  | 152,081 |  |  |  | - |  |  |  | (1,257 | ) |  |  | 1,479,560 |
Intangibles |  |  | (430,705 | ) |  |  | 24,436 |  |  |  | - |  |  |  | (267 | ) |  |  | (406,536 | )
Others |  |  | (20,539 | ) |  |  | (7,547 | ) |  |  | - |  |  |  | (319 | ) |  |  | (28,405 | )
Total |  |  | (469,836 | ) |  |  | (31,485 | ) |  |  | (2,555 | ) |  |  | (5,951 | ) |  |  | (509,827 | )
|  | Opening |  |  | Recognized in |  |  | Recognized in |  |  | Exchange |  |  | Ending |
|  | balance |  |  | consolidated |  |  | comprehensive |  |  | rate |  |  | balance |
|  | Assets/(liabilities) |  |  | income |  |  | income |  |  | variation |  |  | Asset (liability) |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Property, plant and equipment |  |  | (1,568,764 | ) |  |  | (19,735 | ) |  |  | - |  |  |  | 6,003 |  |  |  | (1,582,496 | )
Assets for right of use |  |  | 75,849 |  |  |  | 9,903 |  |  |  | - |  |  |  | - |  |  |  | 85,752 |
Amortization |  |  | (54,820 | ) |  |  | (3,735 | ) |  |  | - |  |  |  | 1,692 |  |  |  | (56,863 | )
Provisions |  |  | (10,461 | ) |  |  | 92,804 |  |  |  | 1,566 |  |  |  | (46,581 | ) |  |  | 37,328 |
Revaluation of financial instruments |  |  | 3,750 |  |  |  | (2,326 | ) |  |  | (269 | ) |  |  | (1,168 | ) |  |  | (13 | )
Tax losses |  |  | 1,479,560 |  |  |  | (98,154 | ) |  |  | - |  |  |  | (12,256 | ) |  |  | 1,369,150 |
Intangibles |  |  | (406,536 | ) |  |  | 20,000 |  |  |  | - |  |  |  | 35,298 |  |  |  | (351,238 | )
Others |  |  | (28,405 | ) |  |  | 5,439 |  |  |  | - |  |  |  | 8,304 |  |  |  | (14,662 | )
Total |  |  | (509,827 | ) |  |  | 4,196 |  |  |  | 1,297 |  |  |  | (8,708 | ) |  |  | (513,042 | )
|  | Opening |  |  | Recognized in |  |  | Recognized in |  |  | Exchange |  |  | Ending |
|  | balance |  |  | consolidated |  |  | comprehensive |  |  | rate |  |  | balance |
|  | Assets/(liabilities) |  |  | income |  |  | income |  |  | variation |  |  | Asset (liability) |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Property, plant and equipment |  |  | (1,582,496 | ) |  |  | 67,237 |  |  |  | - |  |  |  | 1,355 |  |  |  | (1,513,904 | )
Assets for right of use |  |  | 85,752 |  |  |  | 47,729 |  |  |  | - |  |  |  | - |  |  |  | 133,481 |
Amortization |  |  | (56,863 | ) |  |  | 3,345 |  |  |  | - |  |  |  | 382 |  |  |  | (53,136 | )
Provisions |  |  | 37,328 |  |  |  | 13,881 |  |  |  | 2,873 |  |  |  | (10,515 | ) |  |  | 43,567 |
Revaluation of financial instruments |  |  | (13 | ) |  |  | 10,142 |  |  |  | 414 |  |  |  | (264 | ) |  |  | 10,279 |
Tax losses |  |  | 1,369,150 |  |  |  | (10,116 | ) |  |  | - |  |  |  | (2,766 | ) |  |  | 1,356,268 |
Intangibles |  |  | (351,238 | ) |  |  | (11,718 | ) |  |  | - |  |  |  | 13,874 |  |  |  | (349,082 | )
Others |  |  | (14,662 | ) |  |  | 5,844 |  |  |  | - |  |  |  | 125 |  |  |  | (8,693 | )
Total |  |  | (513,042 | ) |  |  | 126,344 |  |  |  | 3,287 |  |  |  | 2,191 |  |  |  | (381,220 | )
Schedule of deferred tax assets not recognized |
|  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
|  | ThUS$ |  |  | ThUS$ |
Tax losses |  |  | 110,933 |  |  |  | 137,761 |
Total Deferred tax assets not recognized |  |  | 110,933 |  |  |  | 137,761 |
Schedule of deferred tax expense and current income taxes |
|  | For the year ended |
|  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
|  |  |  |  | Restated |  |  | Restated |
Current tax expense |  |  |  |  |  |  |  |  |  |  |  |
Current tax expense |  |  | 72,999 |  |  |  | 77,713 |  |  |  | 127,024 |
Adjustment to previous period’s current tax |  |  | (352 | ) |  |  | 362 |  |  |  | 489 |
Total current tax expense, net |  |  | 72,647 |  |  |  | 78,075 |  |  |  | 127,513 |
Deferred tax expense |  |  |  |  |  |  |  |  |  |  |  |
Deferred expense for taxes related to the creation and reversal of temporary differences |  |  | (126,344 | ) |  |  | (4,196 | ) |  |  | 31,485 |
Total deferred tax expense, net |  |  | (126,344 | ) |  |  | (4,196 | ) |  |  | 31,485 |
Income tax expense |  |  | (53,697 | ) |  |  | 73,879 |  |  |  | 158,998 |
Schedule of composition of income tax expense (income) |
|  | For the year ended |
|  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
|  |  |  |  | Restated |  |  | Restated |
Current tax expense, net, foreign |  |  | 76,806 |  |  |  | 65,850 |  |  |  | 100,657 |
Current tax expense, net, Chile |  |  | (4,159 | ) |  |  | 12,225 |  |  |  | 26,856 |
Total current tax expense, net |  |  | 72,647 |  |  |  | 78,075 |  |  |  | 127,513 |
Deferred tax expense, net, foreign |  |  | 37,294 |  |  |  | 58,271 |  |  |  | 21,846 |
Deferred tax expense, net, Chile |  |  | (163,638 | ) |  |  | (62,467 | ) |  |  | 9,639 |
Deferred tax expense, net, total |  |  | (126,344 | ) |  |  | (4,196 | ) |  |  | 31,485 |
Income tax expense |  |  | (53,697 | ) |  |  | 73,879 |  |  |  | 158,998 |
Schedule of profit before tax by the legal tax rate |
|  | For the year ended |  |  | For the year ended |
|  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | % |  |  | % |  |  | % |
Tax expense using the legal rate |  |  | 38,318 |  |  |  | 112,230 |  |  |  | 95,425 |  |  |  | 27.00 |  |  |  | 27.00 |  |  |  | 25.50 |
Tax effect by change in tax rate |  |  | - |  |  |  | 5,587 |  |  |  | 897 |  |  |  | - |  |  |  | 1.34 |  |  |  | 0.24 |
Tax effect of rates in other jurisdictions |  |  | 20,082 |  |  |  | 15,905 |  |  |  | 42,326 |  |  |  | 14.15 |  |  |  | 3.83 |  |  |  | 11.31 |
Tax effect of non-taxable operating revenues |  |  | (13,125 | ) |  |  | (3,076 | ) |  |  | (44,593 | ) |  |  | (9.25 | ) |  |  | (0.74 | ) |  |  | (11.92 | )
Tax effect of disallowable expenses |  |  | 66,257 |  |  |  | 61,295 |  |  |  | 35,481 |  |  |  | 46.69 |  |  |  | 14.75 |  |  |  | 9.48 |
Tax effect of due to the non-use of tax losses |  |  | - |  |  |  | 46,492 |  |  |  | 211 |  |  |  | - |  |  |  | 11.18 |  |  |  | 0.06 |
Other increases (decreases) in legal tax charge |  |  | (165,229 | ) |  |  | (164,554 | ) |  |  | 43,757 |  |  |  | (116.43 | ) |  |  | (39.59 | ) |  |  | 11.69 |
Total adjustments to tax expense using the legal rate |  |  | (92,015 | ) |  |  | (38,351 | ) |  |  | 78,079 |  |  |  | (64.84 | ) |  |  | (9.23 | ) |  |  | 20.86 |
Tax expense using the effective rate |  |  | (53,697 | ) |  |  | 73,879 |  |  |  | 173,504 |  |  |  | (37.84 | ) |  |  | 17.77 |  |  |  | 46.36 |
Schedule of deferred taxes related to items charged to net equity |
|  | For the period ended |
|  | December 31, |
|  | 2019 |  |  | 2018 |
|  | ThUS$ |  |  | ThUS$ |
Aggregate deferred taxation of components of other comprehensive income |  |  | 3,287 |  |  |  | 1,297 |

X
- Definition Disclosure of information for balances of deferred tax assets and liabilities. + References No definition available. + Details
Name: | ltm_DisclosureForBalancesOfDeferredTaxAssetsAndLiabilitiesExplanatory
Namespace Prefix: | ltm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of information for composition of income tax expense (income). + References No definition available. + Details
Name: | ltm_DisclosureForCompositionOfIncomeTaxExpenseExplanatory
Namespace Prefix: | ltm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of information for deferred tax assets not recognized. + References No definition available. + Details
Name: | ltm_DisclosureForDeferredTaxAssetsNotRecognizedExplanatory
Namespace Prefix: | ltm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of information for deferred taxes related to items charged to net equity. + References No definition available. + Details
Name: | ltm_DisclosureForDeferredTaxesRelatedToItemsChargedToNetEquityExplanatory
Namespace Prefix: | ltm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of information for movement of deferred tax assets and liabilities. + References No definition available. + Details
Name: | ltm_DisclosureForMovementOfDeferredTaxAssetsAndLiabilitiesExplanatory
Namespace Prefix: | ltm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of information for profit before tax by the legal tax rate. + References No definition available. + Details
Name: | ltm_DisclosureForProfitBeforeTaxByLegalTaxRateExplanatory
Namespace Prefix: | ltm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Disclosure of information for current tax assets. + References No definition available. + Details
Name: | ltm_DisclosureOfInformationForCompositionOfCurrentTaxAssetsExplanatory
Namespace Prefix: | ltm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of information for current tax liabilities. + References No definition available. + Details
Name: | ltm_DisclosureOfInformationForCompositionOfCurrentTaxLiabilitiesExplanatory
Namespace Prefix: | ltm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of information for deferred tax expense and current income taxes. + References No definition available. + Details
Name: | ltm_ScheduleOfDeferredTaxExpenseAndCurrentIncomeTaxesExplanatory
Namespace Prefix: | ltm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration