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SEGMENTAL INFORMATION | 12 Months Ended
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Dec. 31, 2019
Disclosure of operating segments [text block] [Abstract] |
Disclosure of operating segments [text block] | NOTE 5 - SEGMENTAL INFORMATION As of December 31, 2019, the Company considers that it has a single operating segment, that of Air Transport. This segment corresponds to the route network for air transport and is based on the way in which the business is managed, according to the centralized nature of its operations, the ability to open and close routes, as well as reassignment (airplanes, crew, personnel, etc.) within the network, which implies a functional interrelation between all of them, making them inseparable. This segment definition is one of the most common worldwide in the airline industry. Until June 2019, the Company presented two operating segments, the one corresponding to Air transport and the Multiplus coalition and loyalty program segment, discussed in Note 1, the Company Multiplus S.A. Administrator of the Coalition and Loyalty Program Multiplus merged into TAM Linhas Aereas S.A., ceasing to be an entity with independent administration. The Multiplus coalition and Loyalty program, which was defined as an operating segment, due to this independent administration, became part of the Air Transport segment together with the LATAM Pass and LATAM fidelidades programs. The company has restated the information corresponding to December 31, 2018 and 2017 for the presentation of a single segment of information.
For the year ended
|  | Air |
|  | Transportation |
|  | At December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
|  |  |  |  | Restated |  |  | Restated |
Income from ordinary activities from external customers (*) |  |  | 10,070,063 |  |  |  | 9,895,456 |  |  |  | 9,613,907 |
Passenger |  |  | 9,005,629 |  |  |  | 8,708,988 |  |  |  | 8,494,477 |
Freight |  |  | 1,064,434 |  |  |  | 1,186,468 |  |  |  | 1,119,430 |
Income from ordinary activities from transactions with other operating segments |  |  | - |  |  |  | - |  |  |  | - |
Other operating income |  |  | 360,864 |  |  |  | 472,758 |  |  |  | 549,889 |
Interest income |  |  | 26,283 |  |  |  | 53,253 |  |  |  | 78,695 |
Interest expense |  |  | (589,934 | ) |  |  | (539,137 | ) |  |  | (579,233 | )
Total net interest expense |  |  | (563,651 | ) |  |  | (485,884 | ) |  |  | (500,538 | )
Depreciation and amortization |  |  | (1,469,976 | ) |  |  | (1,372,628 | ) |  |  | (1,377,135 | )
Material non-cash items other than depreciation and amortization |  |  | (130,011 | ) |  |  | (104,123 | ) |  |  | (105,404 | )
Disposal of fixed assets and inventory losses |  |  | (60,893 | ) |  |  | (46,351 | ) |  |  | (39,238 | )
Doubtful accounts |  |  | (21,558 | ) |  |  | (18,837 | ) |  |  | (18,416 | )
Exchange differences |  |  | (32,571 | ) |  |  | (38,070 | ) |  |  | (48,498 | )
Result of indexation units |  |  | (14,989 | ) |  |  | (865 | ) |  |  | 748 |
Income (loss) attributable to owners of the parents |  |  | 190,430 |  |  |  | 309,811 |  |  |  | 108,896 |
Expenses for income tax |  |  | 53,697 |  |  |  | (73,879 | ) |  |  | (158,998 | )
Segment profit / (loss) |  |  | 195,613 |  |  |  | 341,786 |  |  |  | 154,386 |
Assets of segment |  |  | 21,087,806 |  |  |  | 20,078,722 |  |  |  | 21,673,713 |
Segment liabilities |  |  | 17,958,629 |  |  |  | 16,638,121 |  |  |  | 17,717,420 |
Amount of non-current asset additions |  |  | 2,658,541 |  |  |  | 1,090,177 |  |  |  | 412,846 |
Property, plant and equipment |  |  | 2,519,305 |  |  |  | 995,085 |  |  |  | 325,513 |
Intangibles other than goodwill |  |  | 139,236 |  |  |  | 95,092 |  |  |  | 87,333 |
Purchase of non-monetary assets of segment |  |  | 1,416,794 |  |  |  | 756,913 |  |  |  | 499,872 |
| (*) | The Company does not have any interest income that should be recognized as income from ordinary activities by interest.
For the year ended |  |  |  |  |  |  |  |  |
|  | Air |
|  | Transportation |
|  | At December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
|  |  |  |  | Restated |  |  | Restated |
|  |  |  |  | (2) |  |  | (2) |
Net cash flows from |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  |  | 1,276,621 |  |  |  | 660,707 |  |  |  | 403,666 |
Additions associated with maintenance |  |  | 453,827 |  |  |  | 375,634 |  |  |  | 217,687 |
Other additions |  |  | 822,794 |  |  |  | 285,073 |  |  |  | 185,979 |
Purchases of intangible assets |  |  | 140,173 |  |  |  | 96,206 |  |  |  | 96,206 |
Net cash flows from (used in) operating activities |  |  | 2,826,667 |  |  |  | 2,073,316 |  |  |  | 2,186,823 |
Net cash flow from (used in) investing activities |  |  | (1,419,207 | ) |  |  | (358,368 | ) |  |  | (293,925 | )
Net cash flows from (used in) financing activities |  |  | (1,343,521 | ) |  |  | (1,608,597 | ) |  |  | (1,692,668 | )
The information by segments as of December 31, 2018 and 2017, which included the Multiplus Coalition and Loyalty Program segment has been restated to present its incorporation into the Air Transport segment. This restatement is presented in the following table:
For the year ended |  |  |  |  |  |  |  |  |  |  |  |
|  | Air |  |  | Segment |  |  |  |  |  | Air |
|  | Transportation |  |  | Adjustment |  |  | Eliminations |  |  | Transportation |
|  | At December 31, |  |  | At December 31, |  |  | At December 31, |  |  | At December 31, |
|  | 2018 |  |  | 2018 |  |  | 2018 |  |  | 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
|  | Previously reported |  |  |  |  |  |  |  |  | Restated |
Income from ordinary activities from external customers (*) |  |  | 9,887,090 |  |  |  | 60,020 |  |  |  | (51,654 | ) |  |  | 9,895,456 |
Passenger |  |  | 8,700,622 |  |  |  | 60,020 |  |  |  | (51,654 | ) |  |  | 8,708,988 |
Freight |  |  | 1,186,468 |  |  |  | - |  |  |  | - |  |  |  | 1,186,468 |
Other operating income |  |  | 346,315 |  |  |  | 126,443 |  |  |  | - |  |  |  | 472,758 |
Interest income |  |  | 27,181 |  |  |  | 26,072 |  |  |  | - |  |  |  | 53,253 |
Interest expense |  |  | (539,137 | ) |  |  | - |  |  |  | - |  |  |  | (539,137 | )
Total net interest expense |  |  | (511,956 | ) |  |  | 26,072 |  |  |  | - |  |  |  | (485,884 | )
Depreciation and amortization |  |  | (1,365,809 | ) |  |  | (6,819 | ) |  |  | - |  |  |  | (1,372,628 | )
Material non-cash items other than depreciation and amortization |  |  | (104,038 | ) |  |  | (85 | ) |  |  | - |  |  |  | (104,123 | )
Disposal of fixed assets and inventory losses |  |  | (46,351 | ) |  |  | - |  |  |  | - |  |  |  | (46,351 | )
Doubtful accounts |  |  | (18,741 | ) |  |  | (96 | ) |  |  | - |  |  |  | (18,837 | )
Exchange differences |  |  | (38,081 | ) |  |  | 11 |  |  |  | - |  |  |  | (38,070 | )
Result of indexation units |  |  | (865 | ) |  |  | - |  |  |  | - |  |  |  | (865 | )
Income (loss) attributable to owners of the parents |  |  | 200,209 |  |  |  | 109,602 |  |  |  | - |  |  |  | 309,811 |
Expenses for income tax |  |  | 121,155 |  |  |  | (47,276 | ) |  |  | - |  |  |  | 73,879 |
Segment profit / (loss) |  |  | 287,206 |  |  |  | 54,580 |  |  |  | - |  |  |  | 341,786 |
Assets of segment |  |  | 18,943,127 |  |  |  | 1,145,942 |  |  |  | (10,347 | ) |  |  | 20,078,722 |
Segment liabilities |  |  | 16,212,905 |  |  |  | 449,347 |  |  |  | (24,131 | ) |  |  | 16,638,121 |
Amount of non-current asset additions |  |  | 1,090,177 |  |  |  | - |  |  |  | - |  |  |  | 1,090,177 |
Property, plant and equipment |  |  | 995,085 |  |  |  | - |  |  |  | - |  |  |  | 995,085 |
Intangibles other than goodwill |  |  | 95,092 |  |  |  | - |  |  |  | - |  |  |  | 95,092 |
Purchase of non-monetary assets of segment |  |  | 756,913 |  |  |  | - |  |  |  | - |  |  |  | 756,913 |
(*) The Company does not have any interest income that should be recognized as income from ordinary activities by interest.
For the year ended |  |  |  |  |  |  |  |  |  |  |  |
|  | Air |  |  | Segment |  |  |  |  |  | Air |
|  | Transportation |  |  | Adjustment |  |  | Eliminations |  |  | Transportation |
|  | At December 31, |  |  | At December 31, |  |  | At December 31, |  |  | At December 31, |
|  | 2017 |  |  | 2017 |  |  | 2017 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
|  | Previously reported |  |  |  |  |  |  |  |  | Restated |
Income from ordinary activities from external customers (*) |  |  | 9,159,031 |  |  |  | 454,876 |  |  |  | - |  |  |  | 9,613,907 |
Passenger |  |  | 8,039,601 |  |  |  | 454,876 |  |  |  | - |  |  |  | 8,494,477 |
Freight |  |  | 1,119,430 |  |  |  | - |  |  |  | - |  |  |  | 1,119,430 |
Income from ordinary activities from transactions with other operating segments |  |  | 454,876 |  |  |  | 67,554 |  |  |  | (522,430 | ) |  |  | - |
Other operating income |  |  | 308,937 |  |  |  | 240,952 |  |  |  | - |  |  |  | 549,889 |
Interest income |  |  | 28,184 |  |  |  | 50,511 |  |  |  | - |  |  |  | 78,695 |
Interest expense |  |  | (579,233 | ) |  |  | - |  |  |  | - |  |  |  | (579,233 | )
Total net interest expense |  |  | (551,049 | ) |  |  | 50,511 |  |  |  | - |  |  |  | (500,538 | )
Depreciation and amortization |  |  | (1,384,344 | ) |  |  | 7,209 |  |  |  | - |  |  |  | (1,377,135 | )
Material non-cash items other than depreciation and amortization |  |  | (105,259 | ) |  |  | (145 | ) |  |  | - |  |  |  | (105,404 | )
Disposal of fixed assets and inventory losses |  |  | (39,238 | ) |  |  | - |  |  |  | - |  |  |  | (39,238 | )
Doubtful accounts |  |  | (18,272 | ) |  |  | (144 | ) |  |  | - |  |  |  | (18,416 | )
Exchange differences |  |  | (48,497 | ) |  |  | (1 | ) |  |  | - |  |  |  | (48,498 | )
Result of indexation units |  |  | 748 |  |  |  | - |  |  |  | - |  |  |  | 748 |
Income (loss) attributable to owners of the parents (**) |  |  | (49,887 | ) |  |  | 158,783 |  |  |  | - |  |  |  | 108,896 |
Expenses for income tax |  |  | (89,870 | ) |  |  | (69,128 | ) |  |  | - |  |  |  | (158,998 | )
Segment profit / (loss) |  |  | (4,397 | ) |  |  | 158,783 |  |  |  | - |  |  |  | 154,386 |
Assets of segment |  |  | 17,430,937 |  |  |  | 1,373,049 |  |  |  | (6,014 | ) |  |  | 18,797,972 |
Segment liabilities |  |  | 14,007,916 |  |  |  | 563,849 |  |  |  | (41,029 | ) |  |  | 14,530,736 |
Amount of non-current asset additions |  |  | 412,846 |  |  |  | - |  |  |  | - |  |  |  | 412,846 |
Property, plant and equipment |  |  | 325,513 |  |  |  | - |  |  |  | - |  |  |  | 325,513 |
Intangibles other than goodwill |  |  | 87,333 |  |  |  | - |  |  |  | - |  |  |  | 87,333 |
Purchase of non-monetary assets of segment |  |  | 490,983 |  |  |  | - |  |  |  | - |  |  |  | 490,983 |
| (*) | The Company does not have any interest income that should be recognized as income from ordinary activities by interest.
| (**) | The result of the Company includes a net result of ThUS$ (8,162) resulting from the application of IAS 21 and IAS 29, for the subsidiaries that are in hyperinflationary economies.
For the year ended |  |  |  |  |  |  |  |  |  |  |  |
|  | Air |  |  | Segment |  |  |  |  |  | Air |
|  | Transportation |  |  | adjustment |  |  | Eliminations |  |  | Transportation |
|  | At December 31, |  |  | At December 31, |  |  | At December 31, |  |  | At December 31, |
|  | 2018 |  |  | 2018 |  |  | 2018 |  |  | 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
|  | Previously reported |  |  |  |  |  |  |  |  | Restated |
Net cash flows from |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  |  | 660,631 |  |  |  | 76 |  |  |  | - |  |  |  | 660,707 |
Additions associated with maintenance |  |  | 375,634 |  |  |  | - |  |  |  | - |  |  |  | 375,634 |
Other additions |  |  | 284,997 |  |  |  | 76 |  |  |  | - |  |  |  | 285,073 |
Purchases of intangible assets (***) |  |  | 85,628 |  |  |  | 10,578 |  |  |  | - |  |  |  | 96,206 |
Net cash flows from (used in) operating activities |  |  | 1,950,532 |  |  |  | 111,161 |  |  |  | 11,623 |  |  |  | 2,073,316 |
Net cash flow from (used in) investing activities |  |  | (348,346 | ) |  |  | (10,022 | ) |  |  | - |  |  |  | (358,368 | )
Net cash flows from (used in) financing activities |  |  | (1,512,898 | ) |  |  | (95,699 | ) |  |  | - |  |  |  | (1,608,597 | )
(***) | The Company does not have cash flows from purchases of intangible assets associated with maintenance.
For the year ended |  |  |  |  |  |  |  |  |  |  |  |
|  | Air |  |  | Segment |  |  |  |  |  | Air |
|  | Transportation |  |  | adjustment |  |  | Eliminations |  |  | Transportation |
|  | At December 31, |  |  | At December 31, |  |  | At December 31, |  |  | At December 31, |
|  | 2017 |  |  | 2017 |  |  | 2017 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
|  | Previously reported |  |  |  |  |  |  |  |  | Restated |
Net cash flows from |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  |  | 403,282 |  |  |  | 384 |  |  |  | - |  |  |  | 403,666 |
Additions associated with maintenance |  |  | 218,537 |  |  |  | - |  |  |  | - |  |  |  | 218,537 |
Other additions |  |  | 184,745 |  |  |  | 384 |  |  |  | - |  |  |  | 185,129 |
Purchases of intangible assets (***) |  |  | 79,102 |  |  |  | 8,216 |  |  |  | - |  |  |  | 87,318 |
Net cash flows from (used in) operating activities |  |  | 1,489,797 |  |  |  | 186,367 |  |  |  | (9,424 | ) |  |  | 1,666,740 |
Net cash flow from (used in) investing activities |  |  | (278,790 | ) |  |  | (8,632 | ) |  |  | - |  |  |  | (287,422 | )
Net cash flows from (used in) financing activities |  |  | (1,010,705 | ) |  |  | (168,383 | ) |  |  | - |  |  |  | (1,179,088 | )
| (***) | The Company does not have cash flows from purchases of intangible assets associated with maintenance.
The Company’s revenues by geographic area are as follows:
|  | For the year ended At December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Peru |  |  | 801,965 |  |  |  | 705,133 |  |  |  | 626,316 |
Argentina |  |  | 584,959 |  |  |  | 989,883 |  |  |  | 1,113,467 |
U.S.A. |  |  | 1,004,238 |  |  |  | 985,919 |  |  |  | 900,413 |
Europe |  |  | 726,165 |  |  |  | 782,197 |  |  |  | 676,282 |
Colombia |  |  | 380,449 |  |  |  | 372,794 |  |  |  | 359,276 |
Brazil |  |  | 3,949,797 |  |  |  | 3,433,877 |  |  |  | 3,436,402 |
Ecuador |  |  | 203,334 |  |  |  | 203,842 |  |  |  | 190,268 |
Chile |  |  | 1,546,960 |  |  |  | 1,591,313 |  |  |  | 1,527,158 |
Asia Pacific and rest of Latin America |  |  | 872,196 |  |  |  | 830,498 |  |  |  | 784,325 |
Income from ordinary activities |  |  | 10,070,063 |  |  |  | 9,895,456 |  |  |  | 9,613,907 |
Other operating income |  |  | 360,864 |  |  |  | 472,758 |  |  |  | 549,889 |
The Company allocates revenues by geographic area based on the point of sale of the passenger ticket or cargo. Assets are composed primarily of aircraft and aeronautical equipment, which are used throughout the different countries, so it is not possible to assign a geographic area. The Company has no customers that individually represent more than 10% of sales.

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