XML 44 R156.htm IDEA: XBRL DOCUMENT v3.20.1
OTHER FINANCIAL LIABILITIES (Details) - Schedule of composition of interest bearing loans - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Current      
Total current $ 1,421,261 $ 1,397,156  
Non-current      
Total non-current 5,772,266 5,864,570  
Total obligations with financial institutions 7,193,527 7,261,726 $ 11,038,612
Loans To Exporters [Member]      
Current      
Total current 341,475 400,721  
Non-current      
Total obligations with financial institutions 341,475 400,721 314,619
Bank Loans [Member]      
Current      
Total current 16,534 37,743  
Non-current      
Total non-current 200,721 184,998  
Total obligations with financial institutions 217,255 222,741 321,633
Guaranteed Obligations [Member]      
Current      
Total current [1] 237,951 324,976  
Non-current      
Total non-current [1] 1,919,376 2,209,045  
Total obligations with financial institutions 2,157,327 2,534,021 4,036,843
Other Guaranteed Obligations [Member]      
Current      
Total current 97,730 97,143  
Non-current      
Total non-current 482,702 576,309  
Total obligations with financial institutions 580,432 673,452 242,175
Total Bank Loans [Member]      
Current      
Total current 693,690 860,583  
Non-current      
Total non-current 2,602,799 2,970,352  
Obligation With The Public [Member]      
Current      
Total current 32,061 14,643  
Non-current      
Total non-current [2],[3],[4] 2,032,873 1,538,436  
Total obligations with financial institutions 2,064,934 1,553,079 1,584,066
Financial Leases [Member]      
Current      
Total current [1] 594,249 425,100  
Non-current      
Total non-current [1] 1,136,594 1,199,754  
Total obligations with financial institutions 1,730,843 1,624,854 1,109,504
Other Loans [Member]      
Current      
Total current 101,261 96,830  
Non-current      
Total non-current 156,028  
Total obligations with financial institutions $ 101,261 $ 252,858 $ 282,800
[1] In the year ended December 31, 2019, the Company sold its participation in 8 permanent establishments. As a result of the above, the classification of financial liabilities associated with 41 aircraft of guaranteed obligations became financial leases.
[2] On February 11, 2019, LATAM Finance Limited, a company incorporated in the Cayman Islands with limited liability and exclusively owned by LATAM Airlines Group SA, has issued on the international market, pursuant to Rule 144-A and Regulation S of the securities laws of the United States of America, unsecured long-term bonds for a nominal amount of US $ 600,000,000 at an annual interest rate of 7.00%. The bonds were placed at an issue price of 99.309% with respect to its even value. The bonds have semiannual interest payments and amortization of all capital at maturity and maturity date on March 1, 2026, unless they will be redeemed early according to their terms. As reported to the market, the issuance and placement was intended to finance general corporate purposes.
[3] On July 11, 2019, LATAM Finance Limited, a company incorporated in the Cayman Islands with limited liability and exclusive property of LATAM Airlines Group SA, issued a re-opening of the LATAM 2026 bond, issued on February 11 of 2019, for US $ 200,000,000. This re-opening had a placement rate of 5.979%.
[4] On June 6, 2019, LATAM Airlines Group S.A. has issued in the local market (Santiago Stock Exchange) long-term unsecured bonds called Series E (BLATM-E), which correspond to the first series of bonds charged to the line registered in the Registro de Comisin para el Mercado Financiero ("CMF") under the number N 921 dated November 26, 2018 for a total of UF 9,000,000.