XML 128 R60.htm IDEA: XBRL DOCUMENT

CURRENT AND DEFERRED TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of income tax [text block] [Abstract]

Schedule of composition of current tax assets

		Current assets								Non-current assets								Total assets
		As of				As of				As of				As of				As of				As of
		December 31,				December 31,				December 31,				December 31,				December 31,				December 31,
		2021				2020				2021				2020				2021				2020
			ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$
Provisional monthly payments (advances)			32,086				36,788				-				-				32,086				36,788
Other recoverable credits			9,171				5,532				-				-				9,171				5,532
Total current tax assets			41,257				42,320				-				-				41,257				42,320

Schedule of composition of current tax liabilities

		Current liabilities								Non-current liabilities								Total liabilities
		As of				As of				As of				As of				As of				As of
		December 31,				December 31,				December 31,				December 31,				December 31,				December 31,
		2021				2020				2021				2020				2021				2020
		ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$
Income tax provision			675				656				-				-				675				656
Total current tax liabilities			675				656				-				-				675				656

Schedule of balances of deferred tax

		Assets								Liabilities
		As of				As of				As of				As of
Concept		December 31,				December 31,				December 31,				December 31,
		2021				2020				2021				2020
		ThUS$				ThUS$				ThUS$				ThUS$

Properties, Plants and equipment			(1,128,225	)			(1,314,456	)			80,468				81,881
Assets by right of use			715,440				229,119				(68	)			(136	)
Amortization			(44,605	)			(65,139	)			10				9
Provisions			111,468				212,492				74,047				68,462
Revaluation of financial instruments			(16,575	)			(18,133	)			-				-
Tax losses			358,284				1,496,952				(87,378	)			(60,785	)
Intangibles			-				-				254,155				270,681
Other			19,503				23,981				19,777				24,168

Total			15,290				564,816				341,011				384,280

Schedule of movements of deferred tax assets and liabilities

		Opening				Recognized in				Recognized in				Exchange				Ending
		balance				consolidated				comprehensive				rate				balance
		Assets/(liabilities)				income				income				variation				Asset (liability)
		ThUS$				ThUS$				ThUS$				ThUS$				ThUS$

Property, plant and equipment			(1,582,496	)			67,237				-				1,355				(1,513,904	)
Assets for right of use			85,752				47,729				-				-				133,481
Amortization			(56,863	)			3,345				-				382				(53,136	)
Provisions			37,328				13,881				2,873				(10,515	)			43,567
Revaluation of financial instruments			(13	)			10,142				414				(264	)			10,279
Tax losses			1,369,150				(10,116	)			-				(2,766	)			1,356,268
Intangibles			(351,238	)			(11,718	)			-				13,874				(349,082	)
Others			(14,662	)			5,844				-				125				(8,693	)
Total			(513,042	)			126,344				3,287				2,191				(381,220	)

		Opening balance Assets/ (liabilities)				Recognized in consolidated income				Recognized in comprehensive income				Exchange rate variation				Ending balance Asset (liability)
		ThUS$				ThUS$				ThUS$				ThUS$				ThUS$

Property, plant and equipment			(1,513,904	)			110,010				-				7,557				(1,396,337	)
Assets for right of use			133,481				95,774				-				-				229,255
Amortization			(53,136	)			(14,142	)			-				2,130				(65,148	)
Provisions			43,567				158,178				924				(58,639	)			144,030
Revaluation of financial instruments			10,279				(27,901	)			959				(1,470	)			(18,133	)
Tax losses			1,356,268				216,897				-				(15,428	)			1,557,737
Intangibles			(349,082	)			1,030				-				77,371				(270,681	)
Others			(8,693	)			6,541				-				1,965				(187	)
Total			(381,220	)			546,387				1,883				13,486				180,536

		Opening				Recognized in				Recognized in				Exchange				Ending
		balance				consolidated				comprehensive				rate				balance
		Assets/(liabilities)				income				income				variation				Asset (liability)
		ThUS$				ThUS$				ThUS$				ThUS$				ThUS$

Property, plant and equipment			(1,396,337	)			187,644				-				-				(1,208,693	)
Assets for right of use			229,255				486,253				-				-				715,508
Amortization			(65,148	)			20,533				-				-				(44,615	)
Provisions			144,030				(103,826	)			(2,783	)			-				37,421
Revaluation of financial instruments			(18,133	)			1,616				(58	)			-				(16,575	)
Tax losses (*)			1,557,737				(1,112,075	)			-				-				445,662
Intangibles			(270,681	)			(1,394	)			-				17,920				(254,155	)
Others			(187	)			(87	)			-				-				(274	)
Total			180,536				(521,336	)			(2,841	)			17,920				(325,721	)

Schedule of deferred tax expense and current income taxes

		For the year ended
		December 31,
		2021				2020				2019
		ThUS$				ThUS$				ThUS$
Current tax expense
Current tax expense			(47,139	)			3,602				(72,999	)
Adjustment to previous period’s current tax			(460	)			199				352
Total current tax expense, net			(47,599	)			3,801				(72,647	)

Deferred tax expense
Deferred expense for taxes related to the creation and reversal of temporary differences			(521,336	)			546,387				126,344
Total deferred tax expense, net			(521,336	)			546,387				126,344
Income/(loss) tax expense			(568,935	)			550,188				53,697

Schedule of composition of income/(loss) tax expense

		For the year ended
		December 31,
		2021				2020				2019
		ThUS$				ThUS$				ThUS$
Current tax expense, net, foreign			(9,943	)			(4,232	)			(76,806	)
Current tax expense, net, Chile			(37,656	)			8,033				4,159
Total current tax expense, net			(47,599	)			3,801				(72,647	)
Deferred tax expense, net, foreign			4,309				(235,963	)			(37,294	)
Deferred tax expense, net, Chile			(525,645	)			782,350				163,638
Deferred tax expense, net, total			(521,336	)			546,387				126,344
Income tax (expense)/benefit			(568,935	)			550,188				53,697

Schedule of income before tax from the Chilean legal tax rate

		For the year ended December 31,												For the year ended December 31,
		2021				2020				2019				2021				2020				2019
		ThUS$				ThUS$				ThUS$				%				%				%
Tax expense using the legal rate			1,102,736				1,378,547				(38,318	)			(27.00	)			(27.00	)			(27.00	)

Tax effect of rates in other jurisdictions			54,775				58,268				(20,082	)			(1.34	)			(1.14	)			(14.15	)
Tax effect of non-taxable operating revenues			9,444				19,529				13,125				(0.23	)			(0.38	)			9.25
Tax effect of disallowable expenses			(30,928	)			(40,528	)			(66,257	)			0.76				0.79				(46.69	)
Other increases (decreases):
Derecognition of deferred tax liabilities for early termination of aircraft financing			205,458				294,969				145,930				(5.03	)			(5.78	)			102.83
Tax effect for goodwill impairment losses			-				(453,681	)			-				-				8.89				-
Derecognition of deferred tax assets not recoverable			(1,251,912	)			(237,637	)			-				30.65				4.65				-
Deferred tax asset not recognized			(667,702	)			(414,741	)			-				16.35				8.12				-
Other increases (decreases):			9,194				(54,538	)			19,299				(0.23	)			1.07				13.60
Total adjustments to tax expense using the legal rate			(1,671,671	)			(828,359	)			92,015				40.93				16.22				64.84
Tax expense using the effective rate			(568,935	)			550,188				53,697				13.93				(10.78	)			37.84

Schedule of deferred taxes related to items charged to equity

		For the year ended
		December 31,
		2021				2020
		ThUS$				ThUS$
Aggregate deferred taxation of components of other comprehensive income			(2,841	)			1,883