XML 73 R58.htm IDEA: XBRL DOCUMENT v3.20.4
INTANGIBLE ASSETS OTHER THAN GOODWILL (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure of intangible assets [text block] [Abstract]  
Schedule of intangible assets
   Classes of intangible assets
(net)		   Classes of intangible assets
(gross)		 
   As of
December 31,
2020		   As of
December 31,
2019		   As of
December 31,
2020		   As of
December 31,
2019		 
   ThUS$   ThUS$   ThUS$   ThUS$ 
Airport slots   627,742    845,959    627,742    845,959 
Loyalty program   204,615    263,806    204,615    263,806 
Computer software   139,113    220,993    528,097    656,699 
Developing software   68,521    99,193    69,379    99,193 
Trademarks (1)   6,340    17,959    39,803    51,326 
Other assets   228    331    1,315    1,315 
Total   1,046,559    1,448,241    1,470,951    1,918,298 
Schedule of movement in intangible assets other than goodwill
   Computer
software
Net		   Developing
software		   Airport
slots (2)		   Trademarks
and loyalty
program (1) ( 2)		   Total 
   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$ 
                     
Opening balance as of January 1, 2018   160,970    123,415    964,513    368,349    1,617,247 
Additions   791    94,301    -    -    95,092 
Withdrawals   (403)   (125)   -    -    (528)
Transfer software   59,771    (61,087)   -    -    (1,316)
Foreign exchange   (10,231)   (4,651)   (135,544)   (53,522)   (203,948)
Amortization   (54,549)   -    -    (11,046)   (65,595)
Adjustment application IAS 29 by hyperinflation Argentina   120    -    -    -    120 
                          
Closing balance as of December 31, 2018   156,469    151,853    828,969    303,781    1,441,072 
                          
Opening balance as of January 1, 2019   156,469    151,853    828,969    303,781    1,441,072 
Additions   278    91,371    47,587    -    139,236 
Withdrawals   (270)   (1,123)   -    -    (1,393)
Transfer software   136,935    (140,102)   -    -    (3,167)
Foreign exchange   (1,981)   (2,806)   (30,597)   (11,612)   (46,996)
Amortization   (70,107)   -    -    (10,404)   (80,511)
                          
Closing balance as of December 31, 2019   221,324    99,193    845,959    281,765    1,448,241 
                          
Opening balance as of January 1, 2020   221,324    99,193    845,959    281,765    1,448,241 
Additions   45    76,331    -    -    76,376 
Withdrawals   (333)   (454)   (36,896)   -    (37,683)
Transfer software   101,015    (99,890)   -    -    1,125 
Foreign exchange   (20,242)   (6,659)   (181,321)   (63,478)   (271,700)
Amortization   (162,468)   -    -    (7,332)   (169,800)
                          
Closing balance as of December 31, 2020   139,341    68,521    627,742    210,955    1,046,559 
(1)In 2016, the Company resolved to adopt a unique name and identity, and announced that the group’s brand will be LATAM, which united all the companies under a single image.

The estimate of the new useful life is 5 years, equivalent to the period necessary to complete the change of image.

(2)See Note 2.5