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OTHER FINANCIAL LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2020

OTHER FINANCIAL LIABILITIES (Tables) [Line Items]

Schedule of composition of other financial liabilities

		As of				As of
		December 31,				December 31,
		2020				2019
		ThUS$				ThUS$
Current
(a) Interest bearing loans			2,243,776				1,421,261
(b) Lease Liability			806,283				414,027
(c) Hedge derivatives			2,734				50,372
(d) Derivative non classified as hedge accounting			2,937				-
Total current			3,055,730				1,885,660
Non-current
(a) Interest bearing loans			5,489,078				5,772,266
(b) Lease Liability			2,314,723				2,758,130
(c) Hedge derivatives			-				22
Total non-current			7,803,801				8,530,418

Schedule of composition of interest bearing loans

		As of				As of
		December 31,				December 31,
		2020				2019
		ThUS$				ThUS$
Current
Loans to exporters			151,701				341,475
Bank loans			385,490				16,534
Guaranteed obligations (7)(8)(10)			388,492				237,951
Other guaranteed obligations			435,413				97,730
Subtotal bank loans			1,361,096				693,690
Obligation with the public			108,301				32,061
Financial leases (7)(8)(10)			774,379				594,249
Other loans (4)			-				101,261
Total current			2,243,776				1,421,261
Non-current
Bank loans			139,783				200,721
Guaranteed obligations (7)(8)(10)			930,364				1,919,376
Other guaranteed obligations (5)(9)			1,503,703				482,702
Subtotal bank loans			2,573,850				2,602,799
Obligation with the public (1)(2)(3)			2,075,106				2,032,873
Financial leases (7)(8)(10)			840,122				1,136,594
Total non-current			5,489,078				5,772,266
Total obligations with financial institutions			7,732,854				7,193,527

(1) On February 11, 2019, LATAM Finance Limited, a company incorporated in the Cayman Islands with limited liability and exclusively owned by LATAM Airlines Group S.A., 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.

(2) 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 Comisión para el Mercado Financiero (“CMF”) under the number Nº 921 dated November 26, 2018 for a total of UF 9,000,000.

The total amount issued was UF 5,000,000 with an expiration date on April 15, 2029 and a 3.60% annual coupon rate with semiannual interest payments. The placement rate was 2.73%, equivalent to an amount of ThUS$ 215,093.

The funds from the issuance were allocated 50% to the refinancing of liabilities, 30% for the financing of investments and 20% for 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%.

Simultaneously, dated July 11, 2019, LATAM Airlines Group S.A. announced an offer for the repurchase of up to US $ 300 million of the unsecured LATAM 2020 bond, which was issued on June 9, 2015 for an amount of US $ 500 million at a coupon rate of 7.25% and due in June 2020. Offer repurchase price was 103.8 cents per dollar of nominal amount for the bonds offered until July 24, 2019, after this date and until August 7, 2019, the offered repurchase price was reduced to 100.8 cents for dollar at the expiration of the offer, a total of US $ 238,412,000 of the bonds were redeemed, of which US $ 238,162,000 arrived on or before July 24, 2019 and US $ 250,000 after that date. The net proceeds obtained from the re-opening of the LATAM 2026 bond was used to pay a portion of the public offer of the LATAM 2020 bond. The remainder of the public offer was paid in cash.

On December 17, 2019, LATAM Airlines Group S.A. The repurchase of the remainder (US $ 262 million) of the unsecured bond LATAM2020 ended, which, added to the repurchase of July 11, 2019, ends the entire balance of the bond. The repurchase was carried out through the buy-back mechanism called “Make-Whole,” which is a right of the bond issuer to repurchase the entire outstanding balance of debt based on a price that is calculated using government treasury bonds. of the United States with maturity close to that of the bond and adding a spread. The repurchase price was 102.45 cents per dollar of nominal bond amount.

(4) On March 16, 2020, the obligations contained in the contract called “Indenture” signed between Guanay Finance Limited (see Note 1), LATAM Airlines Group S.A. expired. and Citibank, N.A. dated November 7, 2013. The bonds securitized with the future flows of credit card sales in the United States and Canada were issued in 2013 for a total of US $ 450 million.

(5) During March and April 2020, LATAM Airlines Group S.A. it drew down the entire (US $600 million) of the committed credit line “Revolving Credit Facility (RCF)”. The financing expires on March 29, 2022. The line is guaranteed with collateral consisting of airplanes, engines and spare parts. The first withdrawal was on March 27, 2020 with an amount of US $ 504.7 million, the second withdrawal was on April 7, 2020 for US $ 72 million, the third withdrawal was on April 14, 2020 for US $ 11.2 million and the fourth and last withdrawal was on April 21, 2020 of US $ 12.1 million.

(7) On June 24, 2020, the United States Court for the Southern District of New York approved the motion filed by the Company to reject certain aircraft lease contracts. Rejected contracts include, 17 aircraft financed under the EETC structure with an amount of MUS $ 844.1 and an aircraft financed with a financial lease with an amount of MUS $ 4.5.

(8) On October 20, 2020, the United States Court for the Southern District of New York approved the motion presented by the Company to reject an aircraft lease contract financed as financial lease in the amount of MUS $ 34.3.

(9) On October 10, 2020, LATAM Airlines Group S.A. partially drew down (MUS $ 1,150) of the committed credit line of the “DIP” financing. The financing expires on April 10, 2022. The line is guaranteed with collateral consisting of routes, slots, engines and spare parts. After this, transfer, the company still has MUS $ 1,300 available. This line is committed for a total of US $ 2,450 million, of which US $ 750 million are committed by related parties.

(10) In the year ended December 31, 2020, the Company transferred its interest in 7 special purpose entities. As a result of the above, the classification of financial liabilities associated with 3 aircraft within guaranteed obligations was modified, and classified as financial leases.

Schedule of currency balances of interest bearing loans

		As of				As of
		December 31,				December 31,
		2020				2019
Currency		ThUS$				ThUS$
Brazilian real			300,659				-
Chilean peso (U.F.)			679,983				611,542
US Dollar			6,752,212				6,581,985
Total			7,732,854				7,193,527

Schedule of interest-bearing loans catrgories by installments

												More than				More than				More than																		Annual
Tax No.		Creditor		Creditor country		Currency		Up to 90 days				90 days to one year				one to three years				three to five years				More than five years				Total				Nominal value				Amortization		Effective rate				Nominal rate
								ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$						%				%
Loans to exporters
97.018.000-1		SCOTIABANK		Chile		US$			76,929				-				-				-				-				76,929				74,000			At Expiration			3.08				3.08
97.030.000-7		BANCO ESTADO		Chile		US$			41,543				-				-				-				-				41,543				40,000			At Expiration			3.49				3.49
76.645.030-K		ITAU		Chile		US$			20,685				-				-				-				-				20,685				20,000			At Expiration			4.20				4.20
97.951.000-4		HSBC		Chile		US$			12,545				-				-				-				-				12,545				12,000			At Expiration			4.15				4.15
Bank loans
97.023.000-9		CORP BANCA		Chile		UF			11,631				-				-				-				-				11,631				11,255			Quarterly			3.35				3.35
0-E		SANTANDER		Spain		US$			3,323				2,678				139,459				-				-				145,460				139,459			Quarterly			2.80				2.80
76.362.099-9		BTG		Chile		UF			2,104				68,920				-				-				-				71,024				67,868			At Expiration			3.10				3.10
Obligations with the public
97.030.000-7		BANCO ESTADO		Chile		UF			23,210				26,857				217,555				35,041				429,101				731,764				560,113			At Expiration			4.81				4.81
0-E		BANK OF NEW YORK		U.S.A.		US$			80,063				76,125				208,250				836,063				828,000				2,028,501				1,500,000			At Expiration			7.16				6.94
Guaranteed obligations
0-E		BNP PARIBAS		U.S.A.		US$			50,500				40,889				104,166				107,342				219,666				522,563				474,273			Quarterly / Semiannual			2.95				2.95
0-E		NATIXIS		France		US$			47,918				37,509				84,048				84,487				35,712				289,674				271,129			Quarterly			3.11				3.11
0-E		INVESTEC		England		US$			11,502				9,425				21,042				-				-				41,969				37,870			Semiannual			6.21				6.21
0-E		MUFG		U.S.A.		US$			37,114				28,497				77,881				80,678				194,901				419,071				382,413			Quarterly			2.88				2.88
0-E		SMBC		U.S.A.		US$			131,345				-				-								-				131,345				130,000			At Expiration			1.73				1.73
Other guaranteed obligation
0-E		CREDIT AGRICOLE		France		US$			1,347				275,773				-				-				-				277,120				273,199			At Expiration			1.92				1.92
0-E		MUFG		U.S.A.		US$			87,611				74,852				119,460				19,950				-				301,873				291,519			Quarterly			2.67				2.67
0-E		CITIBANK		U.S.A.		US$			3,405				10,404				603,443				-				-				617,252				600,000			At Expiration			2.27				2.27
0-E		BANK OF UTAH		U.S.A.		US$			-				-				952,990				-				-				952,990				793,003			At Expiration			22.19				13.19
Financial lease
0-E		ING		U.S.A.		US$			5,965				-				-				-				-				5,965				5,965			Quarterly			5.71				5.01
0-E		CREDIT AGRICOLE		France		US$			13,889				2,057				2,062				-				-				18,008				17,961			Quarterly			1.99				1.54
0-E		CITIBANK		U.S.A.		US$			79,117				61,983				118,372				46,115				19,118				324,705				312,792			Quarterly			2.58				1.77
0-E		PEFCO		U.S.A.		US$			1,926				-				-				-				-				1,926				1,926			Quarterly			5.65				5.03
0-E		BNP PARIBAS		U.S.A.		US$			14,851				2,343				793				-				-				17,987				17,951			Quarterly			1.81				1.41
0-E		WELLS FARGO		U.S.A.		US$			114,952				104,946				237,945				99,232				-				557,075				541,406			Quarterly			2.43				1.74
97.036.000-K		SANTANDER		Chile		US$			21,551				17,851				26,308				-				-				65,710				65,247			Quarterly			1.30				0.76
0-E		RRPF ENGINE LEASING		England		US$			4,093				3,382				8,826				4,870				-				21,171				18,489			Monthly			4.01				4.01
0-E		APPLE BANK		U.S.A.		US$			4,589				4,763				12,977				755				-				23,084				22,730			Quarterly			1.61				1.01
0-E		BTMU		U.S.A.		US$			11,620				9,647				26,261				770				-				48,298				47,609			Quarterly			1.63				1.03
0-E		US BANK		U.S.A.		US$			60,527				54,611				144,670				86,076				-				345,884				327,419			Quarterly			4.00				2.82
0-E		PK AIRFINANCE		U.S.A.		US$			4,624				12,202				3,153				-								19,979				19,522			Monthly			1.98				1.98
		TOTAL							980,479				925,714				3,109,661				1,401,379				1,726,498				8,143,731				7,077,118

												More than				More than				More than
								Up to				90 days				one to				three to				More than														Annual
				Creditor					90				to one				three				five				five								Nominal						Effective				Nominal
Tax No.		Creditor		country		Currency			days				year				years				years				years				Total				value			Amortization			rate				rate
									ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$						%				%
Bank loans
0-E		NCM		Netherlands		US$			452				497				61				-				-				1,010				943			Monthly			6.01				6.01
0-E		BANCO BRADESCO		Brazil		BRL			91,672				-				-				-				-				91,672				80,175			Monthly			4.34				4.33
0-E		BANCO DO BRASIL		Brazil		BRL			208,987				-				-				-				-				208,987				199,557			Monthly			3.95				3.95
Financial leases
0-E		NATIXIS		France		US$			31,482				9,276				42,383				-				-				83,141				81,260			Quarterly / Semiannual			4.09				4.09
0-E		WAC AP OU LEASING S.A.		Luxembourg		US$			2,460				2,442				25				-				-				4,927				4,759			Quarterly			2.00				2.00
0-E		SOCIÉTÉ GÉNÉRALE MILAN BRANCH		Italy		US$			134,919				-				-				-				-				134,919				144,120			Quarterly			3.07				3.01
0-E		GA TELESIS LLC		U.S.A.		US$			758				1,753				4,675				4,675				7,969				19,830				12,261			Monthly			14.72				14.72
		TOTAL							470,730				13,968				47,144				4,675				7,969				544,486				523,075

												More than				More than				More than
								Up to				90 days				one to				three to				More than																Annual
				Creditor				90				to one				three				five				five								Nominal								Effective				Nominal
Tax No.		Creditor		country		Currency		days				year				years				years				years				Total				value				Amortization				rate				rate
								ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$								%				%
Lease Liability
-		AIRCRAFT		OTHERS		US$			226,510				679,529				877,438				812,821				889,072				3,485,370				3,026,573				-				-				-
-		OTHER ASSETS		OTHERS		US$			3,403				9,953				6,706				18,271				6,349				44,682				46,520				-				-				-
						UF			2,103				5,836				1,072				1,973				2,485				13,469				11,401				-				-				-
						COP			22				7				14				-				-				43				48				-				-				-
						EUR			156				443				188				-				-				787				772				-				-				-
						PEN			29				15				49				-				-				93				137				-				-				-
						BRL			1,002				3,891				14,414				-				-				19,307				35,555				-				-				-
Trade and other accounts payables
-		OTHERS		OTHERS		US$			330,172				47,781				-				-								377,953				377,953				-				-				-
						CLP			230,997				119,337				-				-								350,334				350,334				-				-				-
						BRL			359,350				5,859				-				-								365,209				365,209				-				-				-
						Other currency			598,619				65,684				-				-								664,303				664,303				-				-				-
Accounts payable to related parties currents
Foreign		Delta Airlines		U.S.A		US$			805				-				-				-								805				805				-				-				-
Foreign		Patagonia Seafarms INC		U.S.A		CLP			7				-				-				-								7				7
97.810.370-9		Inversiones Costa Verde Ltda. y CPA.		Chile		CLP			-				-				105,713				-								105,713				105,713
Foreign		QA Investments Ltd		Jersey Channel Islands		US$			-				-				132,141				-								132,141				132,141				-				-				-
Foreign		QA Investments 2 Ltd		Jersey Channel Islands		US$			-				-				132,141				-								132,141				132,141
Foreign		Lozuy S.A.		Uruguay		US$			-				-				26,428				-				-				26,428				26,428				-				-				-
		Total							1,753,175				938,335				1,296,304				833,065				897,906				5,718,785				5,276,040
		Total consolidated							3,204,384				1,878,017				4,453,109				2,239,119				2,632,373				14,407,002				12,876,233

								Up to				More than 90 days				More than one to				More than three to				More than														Annual
				Creditor				90				to one				three				five				five								Nominal						Effective				Nominal
Tax No.		Creditor		country		Currency		days				year				years				years				years				Total				value				Amortization		rate				rate
								ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$						%				%
Loans to exporters
97.032.000-8		BBVA		Chile		US$			24,387				76,256				-				-				-				100,643				99,000			At Expiration			3.29				3.29
97.003.000-K		BANCO DO BRASIL		Chile		US$			151,489				50,758				-				-				-				202,247				200,000			At Expiration			2.93				2.93
76.100.458-1		HSBC		Chile		US$			12,098				-				-				-				-				12,098				12,000			At Expiration			3.25				3.25
76.100.458-1		BLADEX		Chile		US$			-				29,277				-				-				-				29,277				29,000			At Expiration			2.82				2.82
Bank loans
97.023.000-9		CORP BANCA		Chile		UF			5,336				10,544				-				-				-				15,880				15,615			Quarterly			3.35				3.35
76.362.099-9		BTG PACTUAL CHILE		Chile		UF			484				1,451				63,872				-				-				65,807				62,769			At Expiration			3.10				3.10
0-E		SANTANDER		Spain		US$			1,514				4,809				141,719				-				-				148,042				137,860			Quarterly			3.62				4.61
Obligations with the public
97.030.000-7		BANCO ESTADO		Chile		UF			-				24,702				208,681				32,228				410,774				676,385				518,032			At Expiration			4.81				4.81
0-E		BANK OF NEW YORK		U.S.A.		US$			28,000				76,125				208,250				884,188				884,000				2,080,563				1,500,000			At Expiration			7.16				6.94
Guaranteed obligations
0-E		BNP PARIBAS		U.S.A.		US$			11,657				50,428				124,106				124,167				302,092				612,450				513,941			Quarterly / Semiannual			3.81				3.81
0-E		WILMINGTON TRUST COMPANY		U.S.A.		US$			31,733				94,096				244,836				237,815				438,659				1,047,139				866,223			Quarterly			4.45				4.45
0-E		CITIBANK		U.S.A.		US$			5,765				17,296				46,120				46,117				42,175				157,473				143,475			Quarterly			3.76				2.68
0-E		NATIXIS		France		US$			13,365				40,159				99,556				86,984				79,724				319,788				282,906			Quarterly			3.82				3.82
0-E		MUFG		U.S.A.		US$			5,552				27,068				73,726				73,914				209,621				389,881				322,660			Quarterly			3.43				3.43
0-E		INVESTEC		England		US$			1,980				11,164				26,153				11,071				-				50,368				44,087			Semiannual			6.35				6.35
Other guaranteed obligation
0-E		CREDIT AGRICOLE		France		US$			2,326				6,740				260,259				-				-				269,325				253,692			At Expiration			3.74				3.74
0-E		MUFG		U.S.A.		US$			26,607				78,955				198,783				46,131				-				350,476				328,023			Quarterly			3.54				3.54
Financial lease
0-E		ING		U.S.A.		US$			4,025				8,108				-				-				-				12,133				11,806			Quarterly			5.71				5.01
0-E		CREDIT AGRICOLE		France		US$			4,994				15,026				6,671				-				-				26,691				26,091			Quarterly			3.15				2.52
0-E		CITIBANK		U.S.A.		US$			19,412				56,148				117,881				16,653				-				210,094				200,907			Quarterly			3.39				2.80
0-E		PEFCO		U.S.A.		US$			1,950				1,950				-				-				-				3,900				3,827			Quarterly			5.65				5.03
0-E		BNP PARIBAS		U.S.A.		US$			9,353				25,211				28,663				22,502				10,354				96,083				87,729			Quarterly			3.85				3.72
0-E		WELLS FARGO		U.S.A.		US$			35,251				105,691				261,181				203,232				14,382				619,737				591,684			Quarterly			2.67				1.98
97.036.000-K		SANTANDER		Chile		US$			6,145				18,394				47,911				3,158				-				75,608				72,551			Quarterly			3.00				2.46
0-E		RRPF ENGINE		England		US$			1,152				3,432				8,967				8,679				568				22,798				19,643			Monthly			4.01				4.01
0-E		APPLE BANK		U.S.A.		US$			1,661				4,977				13,259				7,380				-				27,277				25,708			Quarterly			3.33				2.73
0-E		BTMU		U.S.A.		US$			3,367				10,081				26,827				14,153				-				54,428				51,340			Quarterly			3.33				2.73
0-E		NATIXIS		France		US$			759				2,299				2,330				-				-				5,388				5,154			Quarterly			4.41				4.41
0-E		KFW IP EX-BANK		Germany		US$			1,804				3,607				-				-				-				5,411				5,328			Quarterly			3.55				3.55
0-E		AIRBUS FINANCIAL		U.S.A.		US$			2,038				5,746				-				-				-				7,784				7,664			Monthly			3.31				3.31
0-E		US BANK		U.S.A.		US$			18,328				54,864				145,364				140,555				17,681				376,792				349,127			Quarterly			4.01				2.82
0-E		PK AIRFINANCE		U.S.A.		US$			2,652				8,136				18,194				-				-				28,982				28,087			Monthly			3.45				3.45
Other loans
0-E		CITIBANK (*)		U.S.A.		US$			26,111				78,742				-				-				-				104,853				101,026			Quarterly			6.00				6.00
Hedge derivative
-		OTHERS		-		US$			-				11,582				18,641				13,530				-				43,753				16,972			-			-				-
		Total							461,295				1,013,822				2,391,950				1,972,457				2,410,030				8,249,554				6,933,927

												More than				More than				More than
								Up to				90 days				one to				three to				More than														Annual
				Creditor					90				to one				three				five				five								Nominal						Effective				Nominal
Tax No.		Creditor		country		Currency			days				year				years				years				years				Total				value			Amortization			rate				rate
									ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$						%				%
Bank loans
0-E		NCM		Netherlands		US$			173				499				722				-				-				1,394				1,289			Monthly			6.01				6.01
Financial leases
0-E		NATIXIS		France		US$			4,140				7,965				77,028				-				-				89,133				86,256			Quarterly / Semiannual			6.29				6.29
0-E		WACAP OULEASING S.A.		Luxembourg		US$			835				2,450				3,277				-				-				6,562				6,280			Quarterly			4.32				4.32
0-E		SOCIÉTÉ GÉNÉRALE MILAN BRANCH		Italy		US$			11,286				151,047				-				-				-				162,333				169,931			Quarterly			5.39				5.39
0-E		GA Teles is LLC		U.S.A.		US$			677				1,753				4,675				4,675				10,480				22,260				13,495			Monthly			14.72				14.72
		Total							17,111				163,714				85,702				4,675				10,480				281,682				277,251

												More than				More than				More than
								Up to				90 days				one to				three to				More than																Annual
				Creditor					90				to one				three				five				five								Nominal								Effective				Nominal
Tax No.		Creditor		country		Currency			days				year				years				years				years				Total				value				Amortization				rate				rate
									ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$								%				%
Lease Liability
-		AIRCRAFT		OTHERS		US$			146,036				417,929				1,002,564				877,353				1,357,910				3,801,792				3,042,231				-				-				-
-		OTHER ASSETS		OTHERS		US$			3,017				8,649				21,381				19,815				16,314				69,176				53,931				-				-				-
						CLP			160				478				531				-				-				1,169				1,195				-				-				-
						UF			2,713				4,736				5,789				1,373				2,956				17,567				17,145				-				-				-
						COP			71				161				37				2				-				271				259				-				-				-
						EUR			163				387				592				122				-				1,264				1,175				-				-				-
						GBP			16				10				-				-				-				26				24				-				-				-
						MXN			37				93				245				10				-				385				359				-				-				-
						PEN			95				129				83				16				-				323				306				-				-				-
						Other currencies			2,770				8,370				8,508				43,104				-				62,752				55,532				-				-				-
Trade and other accounts payables
-		OTHERS		OTHERS		US$			371,527				13,993				-				-				-				385,520				385,520				-				-				-
						CLP			220,383				905				-				-				-				221,288				221,288				-				-				-
						BRL			486,082				320				-				-				-				486,402				486,402				-				-				-
						Other currencies			576,378				1,716				-				-				-				578,094				578,094				-				-				-
Accounts payable to related parties currents
78.591.370-1		Bethia S.A. y Filiales		Chile		CLP			53				-				-				-				-				53				53				-				-				-
Foreign		Patagonia Seafarms INC		U.S.A.		CLP			3				-				-				-				-				3				3				-				-				-
		Total							1,809,504				457,876				1,039,730				941,795				1,377,180				5,626,085				4,843,517
		Total consolidated							2,287,910				1,635,412				3,517,382				2,918,927				3,797,690				14,157,321				12,054,695

(*) Oblligation are presented according original contractual condition and do not considered any Chapter 11 resolution. See detail on Note 19.

(*) Bonus securitized with the future flows of credit card sales in the United States and Canada, through the Guanay Finance Limited company.

Schedule of movement of lease liabilities

										Lease
										Liability
		Aircraft				Others				total
		ThUS$				ThUS$				ThUS$
Opening balance as January 1, 2018			3,037,585				109,387				3,146,972
New contracts			283,620				36,191				319,811
Renegotiations			(240,047	)			1,397				(238,650	)
Payments			(526,071	)			(30,316	)			(556,387	)
Accrued interest			174,327				8,623				182,950
Exchange differences			-				(5,667	)			(5,667	)
Other increases (decreases)			8,395				625				9,020
Changes			(299,776	)			10,853				(288,923	)
Closing balance as of December 31, 2018			2,737,809				120,240				2,858,049
Opening balance as January 1, 2019			2,737,809				120,240				2,858,049
New contracts			719,525				23,878				743,403
Renegotiations			(41,535	)			12,208				(29,327	)
Payments			(539,549	)			(37,391	)			(576,940	)
Accrued interest			165,981				11,968				177,949
Exchange differences			-				1,614				1,614
Cumulative translation adjustment			-				(467	)			(467	)
Other increases (decreases)			-				(2,124	)			(2,124	)
Changes			304,422				9,686				314,108
Closing balance as of December 31, 2019			3,042,231				129,926				3,172,157
Opening balance as January 1, 2020			3,042,231				129,926				3,172,157
New contracts			-				543				543
Write off			(7,435	)			(285	)			(7,720	)
Renegotiations			(35,049	)			4,919				(30,130	)
Payments			(131,427	)			(36,689	)			(168,116	)
Accrued interest			158,253				9,348				167,601
Exchange differences			-				(7,967	)			(7,967	)
Cumulative translation adjustment			-				(38	)			(38	)
Other increases (decreases)			-				(5,324	)			(5,324	)
Changes			(15,658	)			(35,493	)			(51,151	)
Closing balance as of December 31, 2020			3,026,573				94,433				3,121,006

Schedule of hedge derivatives

		Current liabilities								Non-current liabilities								Total hedge derivatives
		As of				As of				As of				As of				As of				As of
		December 31,				December 31,				December 31,				December 31,				December 31,				December 31,
		2020				2019				2020				2019				2020				2019
		ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$
Accrued interest from the last date of interest rate swap			-				1,723				-				-				-				1,723
Fair value of interest rate derivatives			2,734				302				-				22				2,734				324
Fair value of fuel derivatives			-				-				-				-				-				-
Fair value of foreign currency derivatives			-				48,347				-				-				-				48,347
Total hedge derivatives			2,734				50,372				-				22				2,734				50,394

Schedule of derivatives of non coverage

																		Total derivatives of
		Current liabilities								Non-current liabilities								no coverage
		As of				As of				As of				As of				As of				As of
		December				December				December				December				December				December
		2020				2019				2020				2019				2020				2019
		ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$
Derivative of foreign currency not registered as hedge			2,937				-				-				-				2,937				-
Total derived not qualify - as hedge accounting			2,937				-				-				-				2,937				-

Schedule of hedging instruments

		As of				As of
		December 31,				December 31,
		2020				2019
		ThUS$				ThUS$
Cross currency swaps (CCS) (1)			-				(22,662	)
Interest rate swaps (2)			(2,734	)			2,618
Fuel options (3)			1,296				48,542
Currency options R$/US$ (4)			-				(41	)

(1) Covers the significant variations in cash flows associated with market risk implicit in the changes in the 3-month LIBOR interest rate and the exchange rate US$/UF of bank loans. These contracts are recorded as cash flow hedges and fair value.

(2) Covers the significant variations in cash flows associated with market risk implicit in the increases in the 3 months LIBOR interest rates for long-term loans incurred in the acquisition of aircraft and bank loans. These contracts are recorded as cash flow hedges.

(3) Covers significant variations in cash flows associated with market risk implicit in the changes in the price of future fuel purchases. These contracts are recorded as cash flow hedges.

(4) They cover the exposure to foreign exchange risk of operating cash flows, mainly caused by the fluctuation of the CLP/US$, R$/US$, US$/EUR and US$/GBP exchange rate. These contracts are registered as cash flow hedge contracts.

Schedule of comprehensive income

		For the year ended
		December 31,
		2020				2019				2018
		ThUS$				ThUS$				ThUS$
Debit (credit) recognized in comprehensive income during the period			(119,970	)			66,856				(27,797	)
Debit (credit) transferred from net equity to income during the period			(13,016	)			(30,074	)			39,915

2020 {Member] | LATAM Airlines Group S.A. and Subsidiaries {Member]

OTHER FINANCIAL LIABILITIES (Tables) [Line Items]

Schedule of interest-bearing loans categories by installments Brazil 2019

								Nominal values																								Accounting values
												More than				More than				More than																More than				More than				More than
								Up to				90 days				one to				three to				More than				Total				Up to				90 days				one to				three to				More than				Total						Annual
				Creditor				90				to one				three				five				five				nominal				90				to one				three				five				five				accounting						Effective				Nominal
Tax No.				Country		Currency		days				year				years				years				years				value				days				year				years				years				years				value				Amortization		rate				rate
								ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$						%				%
Bank loans
0-E		NEDERLANDSCHE CREDIETVERZEKERING MAATSCHAPPIJ		Netherlands		US$			409				318				216				-				-				943				333				311				324				-				-				968			Monthly			6.01				6.01
0-E		BANCO BRADESCO		Brazil		BRL			80,175				-				-				-				-				80,175				91,672				-				-				-				-				91,672			Monthly			4.34				4.34
0-E		BANCO DO BRASIL		Brazil		BRL			199,557				-				-				-				-				199,557				208,987				-				-				-				-				208,987			Monthly			3.95				3.95
Financial lease
0-E		NATIXIS		France		US$			30,253				-				51,007				-				-				81,260				31,308				-				51,007				-				-				82,315			Quarterly / Semiannual			4.09				4.09
0-E		WACAPOU LEASING S.A.		Luxembourg		US$			2,342				797				1,620				-				-				4,759				2,439				797				1,620				-				-				4,856			Quarterly			2.00				2.00
0-E		SOCIÉTÉ GÉNÉRALE MILAN BRANCH		Italy		US$			144,120				-				-				-				-				144,120				141,094				-				-				-				-				141,094			Quarterly			3.07				3.01
0-E		GA Telessis LLC		U.S.A.		US$			486				950				2,623				2,772				5,430				12,261				486				991				2,623				2,772				5,642				12,514			Monthly			14.72				14.72
		Total							457,342				2,065				55,466				2,772				5,430				523,075				476,319				2,099				55,574				2,772				5,642				542,406
		Total consolidated							1,272,563				785,745				2,695,278				1,206,789				1,639,928				7,600,203				1,454,155				789,621				2,637,151				1,197,861				1,654,066				7,732,854

2020 {Member] | CHILE | LATAM Airlines Group S.A. and Subsidiaries {Member]

OTHER FINANCIAL LIABILITIES (Tables) [Line Items]

Schedule of interest-bearing loans catrgories by installments

								Nominal values																								Accounting values
												More than				More than				More than																More than				More than				More than
								Up to				90 days				one to				three to				More than				Total				Up to				90 days				one to				three to				More than				Total						Annual
				Creditor				90				to one				three				five				five				nominal				90				to one				three				five				five				accounting						Effective				Nominal
Tax No.		Creditor		country		Currency		days				year				years				years				years				value				days				year				years				years				years				value				Amortization		rate				rate
								ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$						%				%
Loans to exporters
97.032.000-8		BBVA		Chile		US$			74,000				-				-				-				-				74,000				76,929				-				-				-				-				76,929			At Expiration			3.08				3.08
97.030.000-7		ESTADO		Chile		US$			40,000				-				-				-				-				40,000				41,542				-				-				-				-				41,542			At Expiration			3.49				3.49
76.645.030-K		ITAU		Chile		US$			20,000				-				-				-				-				20,000				20,685				-				-				-				-				20,685			At Expiration			4.20				4.20
97.951.000-4		HSBC		Chile		US$			12,000				-				-				-				-				12,000				12,545				-				-				-				-				12,545			At Expiration			4.15				4.15
Bank loans
97.023.000-9		CORPBANCA		Chile		UF			11,255				-				-				-				-				11,255				11,665				-				-				-				-				11,665			Quarterly			3.35				3.35
0-E		SANTANDER		Spain		US$			-				-				139,459				-				-				139,459				3,300				-				139,459				-				-				142,759			Quarterly			2.80				2.80
76.362.099-9		BTG PACTUAL CHILE		Chile		UF			-				67,868				-				-				-				67,868				1,985				67,237				-				-				-				69,222			At Expiration			3.10				3.10
Obligations with the public
97.030.000-7		ESTADO		Chile		UF			-				-				177,846				-				382,267				560,113				25,729				-				177,715				-				395,652				599,096			At Expiration			4.81				4.81
0-E		BANK OF NEW YORK		U.S.A.		US$			-				-				-				700,000				800,000				1,500,000				82,572				-				-				698,450				803,289				1,584,311			At Expiration			7.16				6.94
Guaranteed obligations
0-E		BNP PARIBAS		U.S.A.		US$			31,039				43,655				91,002				97,621				210,956				474,273				40,931				47,668				87,767				96,513				209,612				482,491			Quarterly / Semiannual			2.95				2.95
0-E		NATIXIS		France		US$			42,740				34,150				77,693				81,244				35,302				271,129				50,001				34,150				75,808				80,316				34,969				275,244			Quarterly			3.11				3.11
0-E		INVESTEC		England		US$			6,329				11,606				19,935				-				-				37,870				7,952				12,522				19,588				-				-				40,062			Semiannual			6.21				6.21
0-E		MUFG		U.S.A.		US$			30,590				24,080				67,730				72,881				187,132				382,413				39,516				24,080				67,014				72,494				186,283				389,387			Quarterly			2.88				2.88
0-E		SMBC		U.S.A.		US$			130,000				-				-				-				-				130,000				131,662				-				-				-				-				131,662			At Expiration			1.73				1.73
-		SWAP Received aircraft		-		US$			10				-				-				-				-				10				10				-				-				-				-				10			Quarterly			-				-
Other guaranteed obligations
0-E		CREDIT AGRICOLE		France		US$			-				273,199				-				-				-				273,199				1,395				272,794				-				-				-				274,189			At Expiration			1.92				1.92
0-E		MUFG		U.S.A.		US$			82,498				72,206				117,084				19,731				-				291,519				88,880				72,206				114,589				19,499				-				295,174			Quarterly			2.67				2.67
0-E		CITIBANK		U.S.A.		US$			-				-				600,000				-				-				600,000				138				-				600,000				-				-				600,138			At Expiration			2.27				2.27
0-E		BANK OF UTAH		U.S.A.		US$			-				-				793,003				-				-				793,003				-				-				769,615				-				-				769,615			At Expiration			18.95				12.26
Financial leases
0-E		ING		U.S.A.		US$			5,965				-				-				-				-				5,965				6,017				-				-				-				-				6,017			Quarterly			5.71				5.01
0-E		CREDIT AGRICOLE		France		US$			13,875				2,034				2,052				-				-				17,961				13,922				2,034				2,052				-				-				18,008			Quarterly			1.99				1.54
0-E		CITIBANK		U.S.A.		US$			77,994				58,993				113,186				43,778				18,841				312,792				78,860				58,993				109,086				42,558				18,619				308,116			Quarterly			2.58				1.77
0-E		PEFCO		U.S.A.		US$			1,926				-				-				-				-				1,926				1,938				-				-				-				-				1,938			Quarterly			5.65				5.03
0-E		BNP PARIBAS		U.S.A.		US$			14,934				2,326				791				-				-				17,951				14,909				2,326				788				-				-				18,023			Quarterly			1.81				1.41
0-E		WELLS FARGO		U.S.A.		US$			112,987				99,975				230,416				98,028				-				541,406				114,994				99,975				219,624				96,556				-				531,149			Quarterly			2.43				1.74
97.036.000-K		SANTANDER		Chile		US$			21,456				17,626				26,165				-				-				65,247				21,550				17,626				25,840				-				-				65,016			Quarterly			1.30				0.76
0-E		RRPF ENGINE		England		US$			2,058				3,644				7,752				5,035				-				18,489				2,602				3,644				7,752				5,035				-				19,033			Monthly			4.01				4.01
0-E		APPLE BANK		U.S.A.		US$			4,538				4,631				12,808				753				-				22,730				4,599				4,632				12,608				752				-				22,591			Quarterly			1.61				1.01
0-E		BTMU		U.S.A.		US$			11,519				9,385				25,937				768				-				47,609				11,595				9,386				25,563				767				-				47,311			Quarterly			1.63				1.03
0-E		US BANK		U.S.A.		US$			58,512				49,240				135,489				84,178				-				327,419				60,094				49,240				125,274				82,149				-				316,757			Quarterly			4.00				2.82
0-E		PK AIRFINANCE		U.S.A.		US$			8,996				9,062				1,464				-				-				19,522				9,319				9,009				1,435				-				-				19,763			Monthly			1.98				1.98
		Total							815,221				783,680				2,639,812				1,204,017				1,634,498				7,077,128				977,836				787,522				2,581,577				1,195,089				1,648,424				7,190,448

2019 [Member] | TAM S.A. and Subsidiaries [Member]

OTHER FINANCIAL LIABILITIES (Tables) [Line Items]

Schedule of interest-bearing loans categories by installments Brazil 2019

								Nominal values																								Accounting values
												More than				More than				More than																More than				More than				More than
								Up to				90 days				one to				three to				More than				Total				Up to				90 days				one to				three to				More than				Total						Annual
				Creditor				90				to one				three				five				five				nominal				90				to one				three				five				five				accounting						Effective				Nominal
Tax No.		Creditor		country		Currency		days				year				years				years				years				value				days				year				years				years				years				value				Amortization		rate				rate
								ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$						%				%
Bank loans
0-E		NEDERLANDSCHE CREDIETVERZEKERING MAATSCHAPPIJ		Netherland		US$			148				452				689				-				-				1,289				153				452				689				-				-				1,294			Monthly			6.01				6.01
Financial leases
0-E		NATIXIS		France		US$			3,243				6,906				76,107				-				-				86,256				3,723				6,906				76,107				-				-				86,736			Quarterly/Semiannual			6.29				6.29
0-E		WACAPOULEASING S.A.		Luxemburg		US$			757				2,317				3,206				-				-				6,280				777				2,317				3,206				-				-				6,300			Quarterly			4.32				4.32
0-E		SOCIÉTÉ GÉNÉRALE MILAN BRANCH		Italy		US$			9,855				160,076				-				-				-				169,931				10,409				159,876				-				-				-				170,285			Quarterly			5.39				5.39
0-E		GA Telessis LLC		U.S.A		US$			306				1,100				2,385				2,694				7,010				13,495				399				1,100				2,385				2,694				7,010				13,588			Monthly			14.72				14.72
		Total							14,309				170,851				82,387				2,694				7,010				277,251				15,461				170,651				82,387				2,694				7,010				278,203
		Total consolidated							407,312				960,151				2,006,441				1,637,296				2,183,164				7,194,364				446,930				974,331				1,958,570				1,620,521				2,193,175				7,193,527

2019 [Member] | CHILE | LATAM Airlines Group S.A. and Subsidiaries {Member]

OTHER FINANCIAL LIABILITIES (Tables) [Line Items]

Schedule of interest-bearing loans categories by installments Brazil 2019

								Nominal values																								Accounting values
												More than				More than				More than																More than				More than				More than
								Up to				90 days				one to				three to				More than				Total				Up to				90 days				one to				three to				More than				Total						Annual
				Creditor				90				to one				three				five				five				nominal				90				to one				three				five				five				accounting						Effective				Nominal
Tax No.		Creditor		country		Currency		days				year				years				years				years				value				days				year				years				years				years				value				Amortization		rate				rate
								ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$						%				%
Loans to exporters
97.032.000-8		BBVA		Chile		US$			24,000				75,000				-				-				-				99,000				24,910				75,000				-				-				-				99,910			At Expiration			3.29				3.29
97.003.000-K		BANCO DO BRASIL		Chile		UF			150,000				50,000				-				-				-				200,000				150,257				50,283				-				-				-				200,540			At Expiration			2.93				2.93
97.951.000-4		HSBC		Chile		US$			12,000				-				-				-				-				12,000				12,016				-				-				-				-				12,016			At Expiration			3.25				3.25
76.100.458-1		BLADEX		Chile		US$			-				29,000				-				-				-				29,000				-				29,009				-				-				-				29,009			At Expiration			2.82				2.82
Bank loans
97.023.000-9		CORP BANCA		Chile		UF			5,205				10,410				-				-				-				15,615				5,192				10,369				-				-				-				15,561			Quarterly			3.35				3.35
0-E		SANTANDER		Spain		US$			-				-				137,860				-				-				137,860				255				-				137,860				-				-				138,115			Quarterly			3.62				4.61
76.362.099-9		BTG PACTUAL CHILE		Chile		UF			-				-				62,769				-				-				62,769				113				-				62,172				-				-				62,285			At Expiration			3.10				3.10
Obligations with the public
0-E		ESTADO		Chile		UF			-				-				164,485				-				353,547				518,032				-				2,642				164,398				-366,656								533,696			At Expiration			4.81				4.81
97.030.000-7		BANK OF NEW YORK		U.S.A.		US$			-				-				-				700,000				800,000				1,500,000				18,640				10,779				-				698,256				803,563				1,531,238			At Expiration			7.16				6.94
Guaranteed obligations
0-E		BNP PARIBAS		U.S.A.		US$			8,115				36,282				93,788				100,622				275,134				513,941				10,058				36,855				91,224				99,297				273,038				510,472			Quarterly			3.81				3.81
0-E		WILMINGTON TRUST		U.S.A.		US$			22,090				66,710				183,332				196,452				397,639				866,223				27,229				66,710				178,784				194,741				395,983				863,447			Quarterly			4.45				4.45
0-E		CITIBANK		U.S.A.		US$			4,805				14,608				40,414				42,626				41,022				143,475				5,461				14,608				36,178				40,932				40,310				137,489			Quarterly			3.76				2.68
0-E		NATIXIS		France		US$			10,675				32,708				84,674				78,123				76,726				282,906				11,410				32,708				83,072				77,195				75,928				280,313			Quarterly			3.82				3.82
0-E		INVESTEC		England		US$			1,538				8,976				22,977				10,596				-				44,087				1,867				9,112				22,597				10,565				-				44,141			Semiannual			6.35				6.35
0-E		MUFG		U.S.A.		US$			2,973				18,593				53,816				57,993				189,285				322,660				3,182				18,593				53,367				57,694				188,471				321,307			Quarterly			3.43				3.43
-		SWAP Received Aircraft		-		US$			80				78				-				-				-				158				80				78				-				-				-				158			Quarterly			-				-
Other guaranteed obligations
0-E		CREDIT AGRICOLE		France		US$			-				-				253,692				-				-				253,692				2,370				-				252,747				-				-				255,117			At Expiration			3.74				3.74
0-E		MUFG		U.S.A.		US$			23,669				71,432				188,440				44,482				-				328,023				23,929				71,431				185,938				44,017				-				325,315			Quarterly			3.54				3.54
Financial leases
0-E		ING		U.S.A.		US$			3,875				7,931				-				-				-				11,806				3,952				7,931				-				-				-				11,883			Quarterly			5.71				5.01
0-E		CREDIT AGRICOLE		France		US$			4,831				14,723				6,537				-				-				26,091				4,943				14,723				6,537				-				-				26,203			Quarterly			3.15				2.52
0-E		CITIBANK		U.S.A.		US$			17,972				52,790				113,746				16,399				-				200,907				18,633				52,790				112,712				16,368				-				200,503			Quarterly			3.39				2.80
0-E		PEFCO		U.S.A.		US$			1,901				1,926				-				-				-				3,827				1,918				1,926				-				-				-				3,844			Quarterly			5.65				5.03
0-E		BNP PARIBAS		U.S.A.		US$			8,523				23,197				25,182				20,717				10,110				87,729				9,042				23,197				24,675				20,424				9,975				87,313			Quarterly			3.85				3.72
0-E		WELLS FARGO		U.S.A.		US$			32,321				97,956				248,086				199,037				14,284				591,684				34,868				97,956				233,822				195,209				14,138				575,993			Quarterly			2.67				1.98
97.036.000-K		SANTANDER		Chile		US$			5,690				17,255				46,472				3,134				-				72,551				5,959				17,255				45,805				3,128				-				72,147			Quarterly			3.00				2.46
0-E		RRPF ENGINE		England		US$			864				2,348				7,441				8,075				915				19,643				908				2,348				7,441				8,075				915				19,687			Monthly			4.01				4.01
0-E		APPLE BANK		U.S.A.		US$			1,483				4,509				12,474				7,242				-				25,708				1,632				4,509				12,162				7,212				-				25,515			Quarterly			3.33				2.73
0-E		BTMU		U.S.A.		US$			3,010				9,148				25,278				13,904				-				51,340				3,191				9,148				24,661				13,849				-				50,849			Quarterly			3.33				2.73
0-E		NATIXIS		France		US$			702				2,173				2,279				-				-				5,154				723				2,173				2,279				-				-				5,175			Quarterly			4.41				4.41
0-E		KFW IP EX-BANK		Germany		US$			1,760				3,568				-				-				-				5,328				1,769				3,568				-				-				-				5,337			Quarterly			3.55				3.55
0-E		AIRBUS FINANCIAL		U.S.A.		US$			1,977				5,687				-				-				-				7,664				1,992				5,687				-				-				-				7,679			Monthly			3.31				3.31
0-E		US BANK		U.S.A.		US$			15,862				48,132				132,441				135,200				17,492				349,127				17,610				48,132				119,881				130,865				17,188				333,676			Quarterly			4.01				2.82
0-E		PK AIRFINANCE		U.S.A.		US$			2,487				7,729				17,871				-				-				28,087				2,530				7,729				17,871				-				-				28,130			Monthly			3.45				3.45
Other loans
0-E		CITIBANK (*)		U.S.A.		US$			24,595				76,431				-				-				-				101,026				24,830				76,431				-				-				-				101,261			Quarterly			6.00				6.00
		Total							393,003				789,300				1,924,054				1,634,602				2,176,154				6,917,113				431,469				803,680				1,876,183				1,617,827				2,186,165				6,915,324

(*) Securitized bond with the future flows from the sales with credit card in United States and Canada, through the company Guanay Finance Limited.

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