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INVESTMENTS IN SUBSIDIARIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Disclosure of subsidiaries [text block] [Abstract] |
Schedule of significant subsidiaries |
|  |  |  |  |  | Ownership |
|  |  |  |  |  | As of |  |  | As of |
|  | Country of |  | Functional |  | December 31, |  |  | December 31, |
Name of significant subsidiary |  | incorporation |  | currency |  | 2021 |  |  | 2020 |
|  |  |  |  |  | % |  |  | % |
Latam Airlines Perú S.A. |  | Peru |  | US$ |  |  | 99.81000 |  |  |  | 99.81000 |
Lan Cargo S.A. |  | Chile |  | US$ |  |  | 99.89395 |  |  |  | 99.89395 |
Lan Argentina S.A. (*) |  | Argentina |  | ARS |  |  | 100.00000 |  |  |  | 99.98370 |
Transporte Aéreo S.A. |  | Chile |  | US$ |  |  | 100.00000 |  |  |  | 100.00000 |
Latam Airlines Ecuador S.A. |  | Ecuador |  | US$ |  |  | 100.00000 |  |  |  | 100.00000 |
Aerovías de Integración Regional, AIRES S.A. |  | Colombia |  | COP |  |  | 99.20120 |  |  |  | 99.19414 |
TAM S.A. |  | Brazil |  | BRL |  |  | 100.00000 |  |  |  | 99.99938 |
(*) | See Note 1
Schedule of financial information of significant subsidiaries |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Income for the year |
|  | Statement of financial position as of December 31, 2021 |  |  | ended December 31, 2021 |
Name of significant subsidiary |  | Total Assets |  |  | Current Assets |  |  | Non-current Assets |  |  | Total Liabilities |  |  | Current Liabilities |  |  | Non-current Liabilities |  |  | Revenue |  |  | Net Income/(loss) |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Latam Airlines Perú S.A. |  |  | 484,388 |  |  |  | 454,266 |  |  |  | 30,122 |  |  |  | 417,067 |  |  |  | 414,997 |  |  |  | 2,070 |  |  |  | 584,929 |  |  |  | (83,346 | )
Lan Cargo S.A. |  |  | 721,484 |  |  |  | 452,981 |  |  |  | 268,503 |  |  |  | 537,180 |  |  |  | 488,535 |  |  |  | 48,645 |  |  |  | 215,811 |  |  |  | 1,590 |
Lan Argentina S.A. |  |  | 162,995 |  |  |  | 158,008 |  |  |  | 4,987 |  |  |  | 119,700 |  |  |  | 98,316 |  |  |  | 21,384 |  |  |  | 242 |  |  |  | (190,299 | )
Transporte Aéreo S.A. |  |  | 471,094 |  |  |  | 184,235 |  |  |  | 286,859 |  |  |  | 327,955 |  |  |  | 275,246 |  |  |  | 52,709 |  |  |  | 203,411 |  |  |  | (56,135 | )
Latam Airlines Ecuador S.A. |  |  | 112,437 |  |  |  | 108,851 |  |  |  | 3,586 |  |  |  | 97,111 |  |  |  | 80,861 |  |  |  | 16,250 |  |  |  | 68,762 |  |  |  | (3,078 | )
Aerovías de Integración Regional, AIRES S.A. |  |  | 70,490 |  |  |  | 67,809 |  |  |  | 2,681 |  |  |  | 87,749 |  |  |  | 75,621 |  |  |  | 12,128 |  |  |  | 239,988 |  |  |  | (19,615 | )
TAM S.A. (*) |  |  | 2,608,859 |  |  |  | 1,262,825 |  |  |  | 1,346,034 |  |  |  | 3,257,148 |  |  |  | 2,410,426 |  |  |  | 846,722 |  |  |  | 2,003,922 |  |  |  | (756,694 | )
|  |  |  |  |  |  |  | Income for the year |
|  | Statement of financial position as of December 31, 2020 |  |  | ended December 31, 2020 |
Name of significant subsidiary |  | Total Assets |  |  | Current Assets |  |  | Non-current Assets |  |  | Total Liabilities |  |  | Current Liabilities |  |  | Non-current Liabilities |  |  | Revenue |  |  | Net Income/(loss) |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Latam Airlines Perú S.A. |  |  | 661,721 |  |  |  | 629,910 |  |  |  | 31,811 |  |  |  | 486,098 |  |  |  | 484,450 |  |  |  | 1,648 |  |  |  | 372,255 |  |  |  | (96,066 | )
Lan Cargo S.A. |  |  | 749,789 |  |  |  | 472,869 |  |  |  | 276,920 |  |  |  | 567,128 |  |  |  | 516,985 |  |  |  | 50,143 |  |  |  | 207,854 |  |  |  | 10,936 |
Lan Argentina S.A. |  |  | 176,790 |  |  |  | 171,613 |  |  |  | 5,177 |  |  |  | 148,824 |  |  |  | 146,555 |  |  |  | 2,269 |  |  |  | 49,101 |  |  |  | (220,667 | )
Transporte Aéreo S.A. |  |  | 546,216 |  |  |  | 264,690 |  |  |  | 281,526 |  |  |  | 347,714 |  |  |  | 278,319 |  |  |  | 69,395 |  |  |  | 142,096 |  |  |  | (39,032 | )
Latam Airlines Ecuador S.A. |  |  | 108,086 |  |  |  | 104,534 |  |  |  | 3,552 |  |  |  | 99,538 |  |  |  | 87,437 |  |  |  | 12,101 |  |  |  | 51,205 |  |  |  | (22,655 | )
Aerovías de Integración Regional, AIRES S.A. |  |  | 76,770 |  |  |  | 73,446 |  |  |  | 3,324 |  |  |  | 77,471 |  |  |  | 68,433 |  |  |  | 9,038 |  |  |  | 90,668 |  |  |  | (89,707 | )
TAM S.A. (*) |  |  | 3,110,055 |  |  |  | 1,492,792 |  |  |  | 1,617,263 |  |  |  | 3,004,935 |  |  |  | 2,206,089 |  |  |  | 798,846 |  |  |  | 1,808,314 |  |  |  | (1,025,618 | )
(*) | Corresponds to consolidated information of TAM S.A. and subsidiaries
Schedule of non-controlling interest |
|  |  |  |  |  | As of |  |  | As of |  |  | As of |  |  | As of |
|  |  |  | Country |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
Equity |  | Tax No. |  | of origin |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  |  |  |  |  |  | % |  |  |  | % |  |  |  | ThUS$ |  |  |  | ThUS$ |
Latam Airlines Perú S.A |  | 0 - E |  | Peru |  |  | 0.19000 |  |  |  | 0.19000 |  |  |  | (13,035 | ) |  |  | (7,238 | )
Lan Cargo S.A. and Subsidiaries |  | 93.383.000 - 4 |  | Chile |  |  | 0.10196 |  |  |  | 0.10196 |  |  |  | 2,481 |  |  |  | 666 |
Inversora Cordillera S.A. and Subsidiaries |  | 0 - E |  | Argentina |  |  | 0.00000 |  |  |  | 0.01630 |  |  |  | - |  |  |  | (276 | )
Lan Argentina S.A. |  | 0 - E |  | Argentina |  |  | 0.00000 |  |  |  | 0.00344 |  |  |  | - |  |  |  | 1 |
Americonsult de Guatemala S.A. |  | 0 - E |  | Guatemala |  |  | 0.87000 |  |  |  | 0.87000 |  |  |  | - |  |  |  | 1 |
Americonsult S.A. and Subsidiaries |  | 0 - E |  | Mexico |  |  | 0.20000 |  |  |  | 0.20000 |  |  |  | (6 | ) |  |  | (6 | )
Americonsult Costa Rica S.A. |  | 0 - E |  | Costa Rica |  |  | 0.20000 |  |  |  | 0.20000 |  |  |  | 2 |  |  |  | 2 |
Linea Aérea Carguera de Colombiana S.A. |  | 0 - E |  | Colombia |  |  | 9.54000 |  |  |  | 9.54000 |  |  |  | (422 | ) |  |  | (522 | )
Aerolíneas Regionales de Integración Aires S.A. |  | 0 - E |  | Colombia |  |  | 0.79880 |  |  |  | 0.79880 |  |  |  | (145 | ) |  |  | (13 | )
Transportes Aereos del Mercosur S.A. |  | 0 - E |  | Paraguay |  |  | 5.02000 |  |  |  | 5.02000 |  |  |  | 769 |  |  |  | 713 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (10,356 | ) |  |  | (6,672 | )
|  |  |  |  |  | For the year ended |  |  | For the year ended |
|  |  |  | Country |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
Incomes |  | Tax No. |  | of origin |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2021 |  |  | 2020 |  |  | 2019 |
|  |  |  |  |  | % |  |  | % |  |  | % |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Latam Airlines Perú S.A |  | 0 - E |  | Peru |  |  | 0.19000 |  |  |  | 0.19000 |  |  |  | 30.00000 |  |  |  | (5,553 | ) |  |  | (8,102 | ) |  |  | (1,065 | )
Lan Cargo S.A. and Subsidiaries |  | 93.383.000 - 4 |  | Chile |  |  | 0.10196 |  |  |  | 0.10196 |  |  |  | 0.10196 |  |  |  | (82 | ) |  |  | (121 | ) |  |  | 19 |
Inversora Cordillera S.A. and Subsidiaries |  | 0 - E |  | Argentina |  |  | 0.00000 |  |  |  | 0.01630 |  |  |  | 4.22000 |  |  |  | (19 | ) |  |  | 360 |  |  |  | 359 |
Lan Argentina S.A. |  | 0 - E |  | Argentina |  |  | 0.00000 |  |  |  | 0.00344 |  |  |  | 0.00344 |  |  |  | (5 | ) |  |  | 70 |  |  |  | 48 |
Americonsult S.A. and Subsidiaries |  | 0 - E |  | Mexico |  |  | 0.20000 |  |  |  | 0.20000 |  |  |  | 0.20000 |  |  |  | (1 | ) |  |  | 1 |  |  |  | (7 | )
Linea Aérea Carguera de Colombiana S.A. |  | 0 - E |  | Colombia |  |  | 9.54000 |  |  |  | 9.54000 |  |  |  | 10.00000 |  |  |  | 100 |  |  |  | (943 | ) |  |  | (293 | )
Aerolíneas Regionales de Integración Aires S.A. |  | 0 - E |  | Colombia |  |  | 0.79880 |  |  |  | 0.79880 |  |  |  | 0.79880 |  |  |  | (158 | ) |  |  | (724 | ) |  |  | (24 | )
Transportes Aereos del Mercosur S.A. |  | 0 - E |  | Paraguay |  |  | 5.02000 |  |  |  | 5.02000 |  |  |  | 5.02000 |  |  |  | 67 |  |  |  | (189 | ) |  |  | 420 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,651 | ) |  |  | (9,648 | ) |  |  | 5,183 |
(*) | See Note 1 letter (b)

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