XML 198 R20.htm IDEA: XBRL DOCUMENT
v3.22.4

INVESTMENTS IN SUBSIDIARIES | 12 Months Ended
--- | ---
Dec. 31, 2022
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 |  | 2022 |  |  | 2021 |
|  |  |  |  |  | % |  |  | % |
Latam Airlines Perú S.A. |  | Peru |  | US$ |  |  | 99.81000 |  |  |  | 99.81000 |
Lan Cargo S.A. |  | Chile |  | US$ |  |  | 99.89810 |  |  |  | 99.89810 |
Lan Argentina S.A. |  | Argentina |  | ARS |  |  | 100.00000 |  |  |  | 100.00000 |
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 |  |  | 99.21764 |  |  |  | 99.20120 |
TAM S.A. |  | Brazil |  | BRL |  |  | 100.00000 |  |  |  | 100.00000 |
The consolidated subsidiaries do not have significant restrictions for transferring funds to the parent company. As of December 31, 2021 the consolidated subsidiaries do not have significant restrictions for transferring funds to the parent entity in the normal course of operations, except for those imposed by Chapter 11 on dividend payments. Summary financial information of significant subsidiaries
|  | Statement of financial position as of December 31, 2022 |  |  | Income for the period ended December 31, 2022 |
|  | Total |  |  | Current |  |  | Non-current |  |  | Total |  |  | Current |  |  | Non-current |  |  |  |  |  | Net |
Name of significant subsidiary |  | Assets |  |  | Assets |  |  | Assets |  |  | Liabilities |  |  | Liabilities |  |  | Liabilities |  |  | Revenue |  |  | Income/(loss) |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Latam Airlines Perú S.A. |  |  | 335,773 |  |  |  | 305,288 |  |  |  | 30,485 |  |  |  | 281,178 |  |  |  | 276,875 |  |  |  | 4,303 |  |  |  | 1,257,865 |  |  |  | (12,726 | )
Lan Cargo S.A. |  |  | 394,378 |  |  |  | 144,854 |  |  |  | 249,524 |  |  |  | 212,094 |  |  |  | 165,297 |  |  |  | 46,797 |  |  |  | 333,054 |  |  |  | (1,230 | )
Lan Argentina S.A. |  |  | 178,881 |  |  |  | 175,130 |  |  |  | 3,751 |  |  |  | 176,707 |  |  |  | 111,306 |  |  |  | 65,401 |  |  |  | 3,108 |  |  |  | (450,755 | )
Transporte Aéreo S.A. |  |  | 283,166 |  |  |  | 47,238 |  |  |  | 235,928 |  |  |  | 177,109 |  |  |  | 145,446 |  |  |  | 31,663 |  |  |  | 320,187 |  |  |  | (36,190 | )
Latam Airlines Ecuador S.A. |  |  | 110,821 |  |  |  | 107,313 |  |  |  | 3,508 |  |  |  | 93,975 |  |  |  | 82,687 |  |  |  | 11,288 |  |  |  | 134,622 |  |  |  | 1,519 |
Aerovías de Integración Regional, AIRES S.A. |  |  | 112,501 |  |  |  | 109,076 |  |  |  | 3,425 |  |  |  | 213,941 |  |  |  | 211,679 |  |  |  | 2,262 |  |  |  | 394,430 |  |  |  | (122,199 | )
TAM S.A. (*) |  |  | 3,497,848 |  |  |  | 1,998,284 |  |  |  | 1,499,564 |  |  |  | 4,231,547 |  |  |  | 3,302,692 |  |  |  | 928,855 |  |  |  | 4,255,115 |  |  |  | (69,932 | )
|  | Statement of financial position as of December 31, 2021 |  |  | Income for the period ended December 31, 2021 |
|  | Total |  |  | Current |  |  | Non-current |  |  | Total |  |  | Current |  |  | Non-current |  |  |  |  |  | Net |
Name of significant subsidiary |  | Assets |  |  | Assets |  |  | Assets |  |  | Liabilities |  |  | Liabilities |  |  | Liabilities |  |  | Revenue |  |  | 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 |  |  |  | (109,390 | )
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 |  |  |  | (200,315 | )
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 |  |  |  | (5,596 | )
Aerovías de Integración Regional, AIRES S.A. |  |  | 70,490 |  |  |  | 67,809 |  |  |  | 2,681 |  |  |  | 87,749 |  |  |  | 75,621 |  |  |  | 12,128 |  |  |  | 239,988 |  |  |  | (19,810 | )
TAM S.A. (*) |  |  | 2,608,859 |  |  |  | 1,262,825 |  |  |  | 1,346,034 |  |  |  | 3,257,148 |  |  |  | 2,410,426 |  |  |  | 846,722 |  |  |  | 2,003,922 |  |  |  | (741,791 | )
(*) | Corresponds to consolidated information of TAM S.A. and subsidiaries
(b) Non-controlling interests
|  |  |  |  |  | As of |  |  | As of |  |  | As of |  |  | As of |
|  |  |  | Country |  | December 31, |  |  | December 31, |  |  | December 31, |  |  | December 31, |
Equity |  | Tax No. |  | of origin |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  |  |  |  |  | % |  |  | % |  |  | ThUS$ |  |  | ThUS$ |
Latam Airlines Perú S.A |  | Foreign |  | Peru |  |  | 0.19000 |  |  |  | 0.19000 |  |  |  | (12,392 | ) |  |  | (13,035 | )
Lan Cargo S.A. and Subsidiaries |  | 93.383.000-4 |  | Chile |  |  | 0.10196 |  |  |  | 0.10196 |  |  |  | (1,638 | ) |  |  | 2,481 |
Lan Pax Airlines Group S.A. y Filiales |  | 96.969.680-0 |  | Chile |  |  | 0.00000 |  |  |  | 0.00000 |  |  |  | 1,691 |  |  |  | (149 | )
Linea Aérea Carguera de Colombiana S.A. |  | Foreign |  | Colombia |  |  | 9.54000 |  |  |  | 9.54000 |  |  |  | 129 |  |  |  | (422 | )
Transportes Aereos del Mercosur S.A. |  | Foreign |  | Paraguay |  |  | 5.02000 |  |  |  | 5.02000 |  |  |  | 653 |  |  |  | 769 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (11,557 | ) |  |  | (10,356 | )
|  |  |  |  |  |  |  |  | For the year ended |  |  |  |  |  |  |  |  | For the year ended |  |  |  |
|  |  |  | Country |  |  |  |  | December 31, |  |  |  |  |  |  |  |  | December 31, |  |  |  |
Incomes |  | Tax No. |  | of origin |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2022 |  |  | 2021 |  |  | 2020 |
|  |  |  |  |  | % |  |  | % |  |  | % |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Latam Airlines Perú S.A |  | Foreign |  | Peru |  |  | 0.19000 |  |  |  | 0.19000 |  |  |  | 0.19000 |  |  |  | 643 |  |  |  | (5,553 | ) |  |  | (8,102 | )
Lan Cargo S.A. and Subsidiaries |  | 93.383.000-4 |  | Chile |  |  | 0.10196 |  |  |  | 0.10196 |  |  |  | 0.10196 |  |  |  | (4,118 | ) |  |  | (1,771 | ) |  |  | (121 | )
Lan Pax Airlines Group S.A. y Filiales |  | 96.969.680-0 |  | Chile |  |  | - |  |  |  | - |  |  |  | 0.10196 |  |  |  | 967 |  |  |  | (182 | ) |  |  | 431 |
Linea Aérea Carguera de Colombiana S.A. |  | Foreign |  | Colombia |  |  | 9.54000 |  |  |  | 9.54000 |  |  |  | 9.54000 |  |  |  | 551 |  |  |  | 1,788 |  |  |  | (943 | )
Transportes Aereos del Mercosur S.A. |  | Foreign |  | Paraguay |  |  | 5.02000 |  |  |  | 0.79880 |  |  |  | 5.02000 |  |  |  | (116 | ) |  |  | 67 |  |  |  | (913 | )
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,073 | ) |  |  | (5,651 | ) |  |  | (9,648 | )

X
- Definition The disclosure of subsidiaries. [Refer: Subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2022-03-24 -Paragraph 17 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2022-en-r&anchor=para_17_b&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2022-03-24 -Paragraph 16 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2022-en-r&anchor=para_16_b&doctype=Standard -URIDate 2022-03-24 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B4 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B4_a&doctype=Appendix&subtype=B -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ltm_DisclosureOfSubsidiariesTextBlockAbstract
Namespace Prefix: | ltm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration