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INTANGIBLE ASSETS OTHER THAN GOODWILL (Tables) | 12 Months Ended
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Dec. 31, 2021
Disclosure of intangible assets [text block] [Abstract] |
Schedule of intangible assets |
|  | Classes of intangible assets |  |  | Classes of intangible assets |
|  | (net) |  |  | (gross) |
|  | As of |  |  | As of |  |  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Airport slots |  |  | 587,214 |  |  |  | 627,742 |  |  |  | 587,214 |  |  |  | 627,742 |
Loyalty program |  |  | 190,542 |  |  |  | 204,615 |  |  |  | 190,542 |  |  |  | 204,615 |
Computer software |  |  | 136,135 |  |  |  | 139,113 |  |  |  | 463,478 |  |  |  | 528,097 |
Developing software |  |  | 104,874 |  |  |  | 68,521 |  |  |  | 105,673 |  |  |  | 69,379 |
Trademarks (1) |  |  | - |  |  |  | 6,340 |  |  |  | 36,723 |  |  |  | 39,803 |
Other assets |  |  | 127 |  |  |  | 228 |  |  |  | 1,315 |  |  |  | 1,315 |
Total |  |  | 1,018,892 |  |  |  | 1,046,559 |  |  |  | 1,384,945 |  |  |  | 1,470,951 |
Schedule of movement in intangible assets other than goodwill |
|  | Computer |  |  |  |  |  |  |  |  | Trademarks |  |  |  |
|  | software |  |  | Developing |  |  | Airport |  |  | and loyalty |  |  |  |
|  | Net |  |  | software |  |  | slots (2) |  |  | program (1) (2) |  |  | Total |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
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 | )
Adjustment application IAS 29 by hyperinflation Argentina |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
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 |
Opening balance as of January 1, 2021 |  |  | 139,341 |  |  |  | 68,521 |  |  |  | 627,742 |  |  |  | 210,955 |  |  |  | 1,046,559 |
Additions |  |  | - |  |  |  | 82,798 |  |  |  | - |  |  |  | - |  |  |  | 82,798 |
Withdrawals |  |  | (275 | ) |  |  | (429 | ) |  |  | - |  |  |  | - |  |  |  | (704 | )
Transfer software |  |  | 46,144 |  |  |  | (45,657 | ) |  |  | - |  |  |  | (352 | ) |  |  | 135 |
Foreign exchange |  |  | (3,571 | ) |  |  | (359 | ) |  |  | (40,528 | ) |  |  | (14,276 | ) |  |  | (58,734 | )
Amortization |  |  | (45,377 | ) |  |  | - |  |  |  | - |  |  |  | (5,785 | ) |  |  | (51,162 | )
Closing balance as of December 31, 2021 |  |  | 136,262 |  |  |  | 104,874 |  |  |  | 587,214 |  |  |  | 190,542 |  |  |  | 1,018,892 |
(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. At December 31, 2021 TAM’s trademark is fully amortized
(2) | See Note 2.5
(3) | In 2020, a digital transformation was implemented (LATAM XP), as a result some projects became obsolete and were fully amortized.
Schedule of recoverable values |
|  |  | CGU
|  |  | Air transport
Annual growth arte (Terminal) | % |  | 1.1 – 2.5
Exchange rate (1) | R$/US$ |  | 5.4 – 5.7
Discount rate base don the weighted average Cost of Capital (WACC) | % |  | 8.60 – 10.60
Fuel Price from future prices curves Commodities markets | US$/barrel |  | 71 - 73
(1) | In line with expectations of the Central Bank of Brazil.
Schedule of annual growth rates, discounts, exchange rates and fuel price |
| Increase |  | Decrease rate |  | Increase
| WACC |  | Terminal growth |  | Fuel Price
| Maximum |  | Minimal |  | Maximum
| % |  | % |  |
Air Transportation CGU | 10.6 |  | 1.1 |  | 100-114

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