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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of impacts of the adoption of IFRS 9 Financial Instruments and IFRS 15 Revenue - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Jan. 01, 2018
Dec. 31, 2017
Jan. 01, 2017
Dec. 31, 2016
Current assets            
Other non-financial assets, current $ 313,449 $ 290,476 $ 275,549 $ 244,778   $ 212,242
Trade debtors and other accounts receivable, current 1,244,348 1,162,582 1,202,945 1,202,945    
Non-current assets            
Other non-financial assets, non current 204,928 227,541 220,807 212,203    
Properties, plants and equipment 12,919,618 12,501,809 10,065,335 12,930,652   10,498,149
Deferred tax assets 235,583 273,529 370,115 370,564    
Current liabilities            
Other current financial liabilities   1,430,789,000 1,300,949 1,300,949,000   1,839,528
Trade and other accounts payables 619,110 529,277 1,673,010 1,695,202,000    
Other non current financial liabilities     2,901,603 2,823,963,000    
Non-current liabilities            
Other non current financial liabilities 8,530,418 8,359,462 6,605,508 9,433,450   6,796,952
Accounts payable commercial and other 2,222,874 1,674,303 498,832 1,668,612   359,391
Deferred tax liability 616,803 786,571 953,148 877,748   915,759
Equity attributable to the owners of the parent            
Accumulated earnings 352,272 218,971 465,569 (41,012)   366,404
Other reserves (367,577) (4,365) 554,884 760,761   580,870
Non-controlling interest $ (1,605) 79,908 91,147 90,457   88,644
Adoption Impact of IFRS 16 [Member]            
Current assets            
Other non-financial assets, current   (30,501,000) [1] (30,771,000)     (25,567,000)
Non-current assets            
Other non-financial assets, non current   (6,200,000) [1] (8,604,000)      
Properties, plants and equipment [1]   2,548,400 2,865,300     2,931,101,000
Deferred tax assets [2]   201,000 449,000      
Current liabilities            
Other current financial liabilities [3]   363,497,000 319,030,000     311,307,000
Trade and other accounts payables     (4,398,000)      
Non-current liabilities            
Other non current financial liabilities [3]   2,494,552,000 2,827,942,000     2,881,149,000
Accounts payable commercial and other [1]   45,621,000 60,611,000     20,065,000
Deferred tax liability   (85,550,000) [2] (75,400,000)     (61,343,000)
Equity attributable to the owners of the parent            
Accumulated earnings   (378,705,000) [4] (506,581,000)     (460,173,000)
Other reserves   72,561,000 [4] 205,877,000     215,299,000 [4]
Non-controlling interest   $ (32,000) [4] (690,000)     $ (771,000)
Restated [Member]            
Current assets            
Other non-financial assets, current     244,778,000   $ 186,675  
Trade debtors and other accounts receivable, current     1,202,945,000      
Non-current assets            
Other non-financial assets, non current     212,203,000      
Properties, plants and equipment     12,930,652,000   13,429,250  
Deferred tax assets     370,564,000      
Current liabilities            
Other current financial liabilities     1,619,979,000   2,150,835  
Trade and other accounts payables     1,668,612,000      
Other non current financial liabilities     2,901,603,000      
Non-current liabilities            
Other non current financial liabilities     9,433,450,000   9,678,101  
Accounts payable commercial and other     559,443,000   379,456  
Deferred tax liability     877,748,000   854,416  
Equity attributable to the owners of the parent            
Accumulated earnings     (41,012,000)   (93,769)  
Other reserves     760,761,000   796,169  
Non-controlling interest     $ 90,457,000   $ 87,873  
Adoption Impact of IFRS 15 [Member]            
Current assets            
Other non-financial assets, current [5]       54,361,000    
Non-current assets            
Deferred tax assets [6]       6,005,000    
Current liabilities            
Trade and other accounts payables       (22,192,000)    
Other non current financial liabilities [7]       77,640,000    
Non-current liabilities            
Deferred tax liability       4,472,000    
Equity attributable to the owners of the parent            
Accumulated earnings       446,000    
Adoption of Impact IFRS 9 [Member]            
Current assets            
Trade debtors and other accounts receivable, current       (11,105,000)    
Non-current assets            
Deferred tax assets [8]       89,000    
Non-current liabilities            
Deferred tax liability [8]       (1,021,000)    
Equity attributable to the owners of the parent            
Accumulated earnings       $ (9,995,000)    
[1] Company recognized under Property, plant and equipment right of use assets for US $ 2,865.3 million as of January 1, 2018 and US $ 2,548.4 as of December 31, 2018, associated with contracts that meet the definition of lease (Note 2.21 & 17).
[2] Deferred taxes: adjustments originated by the application of IFRS 16.
[3] Lease liabilities: The Company recognized within the Other financial liabilities for lease for US$ 3,147.0 million as of January 1, 2018 and US$ 2,858.0 million as of December 31, 2018, associated with contracts that meet the definition of lease (Note 2.21 & 19).
[4] The effect of the recognition of the leases under IFRS 16 generated a decrease in retained earnings of US$ 506.6 million as of January 1, 2018 (US$ 378.7 million as of December 31, 2018). The increase in Other reserves of US$ 205.9 million as of January 1, 2018 (decrease of US$ 72,5 million as of December 31, 2018), was caused by the Cumulative translation adjustment of those subsidiaries with functional currencies other than the US dollar. The application of IFRS 16 also affected non-controlling interests.
[5] Contract costs: The Company has capitalized the costs related to the revenues from air transport of passengers, corresponding to: the commissions charged by the credit card administrators for US$ 22.0 million and the air ticket booking services through the system general distribution (GDS) for US$ 15.6 million. Additionally, there is a reclassification of commissions from travel agencies for US$ 16.8 million, which previously were presented, according IAS 18, net of the liability to fly in other non-financial liabilities.
[6] Deferred tax adjustments originated by the application of IFRS 15.
[7] Performance Obligations: The Company analyzed the moment in which the performance obligations identified in the contracts with customers must be recognized in the consolidated result. During this analysis, some concepts were identified which must be deferred until the moment of service provision, mainly related to land transportation services, charges for modifications to the initial contract in the sale of tickets and redeem of some products associated with loyalty programs for US$ 60.8 million. Additionally, there is the reclassification detailed in numeral (4) for US$ 16.8 million.
[8] Deferred tax adjustments originated by the application of IFRS 9.