XML 183 R49.htm IDEA: XBRL DOCUMENT v3.20.1
SEGMENTAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure of operating segments [text block] [Abstract]  
Disclosure of major customers [text block]
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 
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 
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.
Schedule of income from ordinary activities
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)
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)
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.
Disclosure of geographical areas [text block]
   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