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INTANGIBLE ASSETS OTHER THAN GOODWILL (Tables) | 12 Months Ended
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Dec. 31, 2022
INTANGIBLE ASSETS OTHER THAN GOODWILL [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, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Airport slots |  |  | 625,368 |  |  |  | 587,214 |  |  |  | 625,368 |  |  |  | 587,214 |
Loyalty program |  |  | 203,791 |  |  |  | 190,542 |  |  |  | 203,791 |  |  |  | 190,542 |
Computer software |  |  | 143,550 |  |  |  | 136,135 |  |  |  | 518,971 |  |  |  | 463,478 |
Developing software |  |  | 107,652 |  |  |  | 104,874 |  |  |  | 107,651 |  |  |  | 105,673 |
Trademarks (1) |  |  | - |  |  |  | - |  |  |  | 37,904 |  |  |  | 36,723 |
Other assets |  |  | 25 |  |  |  | 127 |  |  |  | 1,315 |  |  |  | 1,315 |
Total |  |  | 1,080,386 |  |  |  | 1,018,892 |  |  |  | 1,495,000 |  |  |  | 1,384,945 |
(1) | In 2016, the Company decided 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.
Schedule of movement in intangible assets other than goodwill |
|  | Computer |  |  |  |  |  |  |  |  | Trademarks |  |  |  |
|  | software and others |  |  | Developing |  |  | Airport |  |  | and loyalty |  |  |  |
|  | Net |  |  | software |  |  | slots |  |  | program (1) |  |  | Total |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
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 and others |  |  | 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 and others |  |  | 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 |
Opening balance as of January 1, 2022 |  |  | 136,262 |  |  |  | 104,874 |  |  |  | 587,214 |  |  |  | 190,542 |  |  |  | 1,018,892 |
Additions |  |  | 47 |  |  |  | 66,820 |  |  |  | - |  |  |  | - |  |  |  | 66,867 |
Withdrawals |  |  | (2,947 | ) |  |  | (245 | ) |  |  | - |  |  |  | - |  |  |  | (3,192 | )
Transfer software and others |  |  | 61,212 |  |  |  | (63,658 | ) |  |  | - |  |  |  | - |  |  |  | (2,446 | )
Foreign exchange |  |  | 3,359 |  |  |  | (139 | ) |  |  | 38,154 |  |  |  | 13,249 |  |  |  | 54,623 |
Amortization |  |  | (54,358 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (54,358 | )
Closing balance as of December 31, 2022 |  |  | 143,575 |  |  |  | 107,652 |  |  |  | 625,368 |  |  |  | 203,791 |  |  |  | 1,080,386 |
(1) | In 2016, the Company decided 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.
Schedule of recoverable values |
|  |  |  | CGU
|  |  |  | Air transport
Annual growth rate (Terminal) |  | % |  | 0.0 – 3.5
Exchange rate (1) |  | R$/US$ |  | 5.40 – 5.63
Discount rate based don the Weighted Average |  |  |  |
Cost of Capital (WACC) |  | % |  | 8.40 – 12.40
Fuel Price from future prices curves |  |  |  |
Commodities markets |  | US$/barrel |  | 100 – 130
(1) | In line with expectations of the Central Bank of Brazil.
Schedule of annual growth rates, discounts, exchange rates and fuel price |
|  |  |  |  |  |  |  | Increase |
|  | Increase |  |  | Decrease rate |  |  | fuel price |
|  | WACC Maximum |  |  | Terminal growth Minimal |  |  | Maximum US$/barrel |
|  | % |  |  | % |  |  |  |
Air Transportation CGU |  |  | 12.4 |  |  |  | 0 |  |  |  | 130 |

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