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INVESTMENTS IN SUBSIDIARIES | 12 Months Ended
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Dec. 31, 2021
Disclosure of subsidiaries [text block] [Abstract] |
INVESTMENTS IN SUBSIDIARIES | NOTE 14 - INVESTMENTS IN SUBSIDIARIES (a) Investments in subsidiaries The Company has investments in companies recognized as investments in subsidiaries. All the companies defined as subsidiaries have been consolidated within the financial statements of LATAM Airlines Group S.A. and Subsidiaries. The consolidation also includes special-purpose entities. Detail 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
The consolidated subsidiaries do not have significant restrictions for transferring funds to the controlling entity in the normal course of operations, except for those imposed by Chapter 11, on dividend payments prior to the application for protection. Summary 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
(b) 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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- Definition The disclosure of subsidiaries. [Refer: Subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2021-01-01 -Paragraph 17 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2021-en-r&anchor=para_17_b&doctype=Standard -URIDate 2021-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2021-01-01 -Paragraph 16 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2021-en-r&anchor=para_16_b&doctype=Standard -URIDate 2021-03-24 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2021-01-01 -Paragraph B4 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2021-en-r&anchor=para_B4_a&doctype=Appendix&subtype=B -URIDate 2021-03-24 + Details
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