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INTANGIBLE ASSETS OTHER THAN GOODWILL (Tables)
 12 Months Ended
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