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OTHER NON-FINANCIAL LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure Of Non Financial Other Liabilities Explanatory [Abstract]  
Schedule of composition of non financial 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$ 
Deferred revenues (1)(2)   2,273,137    2,036,880    512,056    702,008    2,785,193    2,738,888 
Sales tax   3,870    7,609    
-
    
-
    3,870    7,609 
Retentions   31,509    27,853    
-
    
-
    31,509    27,853 
Others taxes   4,916    3,931    
-
    
-
    4,916    3,931 
Dividends payable   
-
    
-
    
-
    
-
    
-
    
-
 
Other sundry liabilities   19,144    12,518    
-
    
-
    19,144    12,518 
Total other non-financial liabilities   2,332,576    2,088,791    512,056    702,008    2,844,632    2,790,799 

 

(1)The balance includes mainly, deferred income for services not provided as of December 31, 2021 and December 31, 2020; and for the frequent flyer LATAM Pass program.

 

LATAM Pass is LATAM’s frequent flyer program that allows rewarding the preference and loyalty of its customers with multiple benefits and privileges, through the accumulation of miles or points that can be exchanged for tickets or for a varied range of products and services. Clients accumulate miles or LATAM Pass points every time they fly in LATAM and other connections associated with the program, as well as buy in stores or use the services of a vast network of companies that have agreements with the program around the world.

 

(2)As of December 31, 2021, Deferred Income includes ThUS $ 58,509 corresponding to the balance to be accrued from the committed compensation from Delta Air Lines, Inc., which is recognized in Income Statement, based on the estimation of differentials of income, until the implementation of the strategic alliance. During the period, the Company has recognized ThUS $ 118,188 for this concept.

 

Additionally, the Company maintains a balance of ThUS $ 29,507 in the Trade accounts payable item of the Statement of Financial Position, corresponding to the compensation of costs to be incurred.
Schedule of composition of non financial liabilities
       Deferred income       Adjustment
application 		         
               Loyalty program       IAS 29,         
   Initial balance   (1)
Recognition		   Use   (Award
and redeem)		   Expiration  of tickets   Argentina
hyperinflation		   Others provisions   Final
balance		 
   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$ 
From January 1 to December 31, 2019   2,974,760    8,264,970    (7,703,011)   124,548    (156,435)   2,232    33,402    3,540,466 
From January 1 to December 31, 2020   3,540,466    1,970,203    (2,554,476)   (137,176)   (72,670)   (3,485)   (3,974)   2,738,888 
From January 1 to December 31, 2021   2,738,888    4,221,168    (4,053,345)   (12,091)   (114,227)   
-
    4,800    2,785,193 

 

(1)The balance includes mainly, deferred income for services not provided as of December 31, 2021 and December 31, 2020; and for the frequent flyer LATAM Pass program.

 

LATAM Pass is LATAM’s frequent flyer program that allows rewarding the preference and loyalty of its customers with multiple benefits and privileges, through the accumulation of miles or points that can be exchanged for tickets or for a varied range of products and services. Clients accumulate miles or LATAM Pass points every time they fly in LATAM and other connections associated with the program, as well as buy in stores or use the services of a vast network of companies that have agreements with the program around the world.