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INTANGIBLE ASSETS OTHER THAN GOODWILL (Tables)
 12 Months Ended
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