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EQUITY (Tables)
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of conversion option is exercised under the convertible notes currently issued
   as of December 31, 2022   as of December 31, 2021 
   N° of
authorized shares		   N° of
Subscribed of
shares and paid or
delivered pursuant
to the exercise of
the conversion
option		   N° of
convertible
notes back-up
shares pending
to place		   N° of
shares to
subscribe or not
used		   N° of
authorized shares		   N° of
subscribed shares
and paid		   N° of
shares to
subscribe or not
used		 
Opening Balance  606,407,693   606,407,693  
-
  
-
   606,407,693   606,407,693  
         -
 
New shares issued   73,809,875,794    73,809,875,794    
-
    
-
    
-
    
-
    
-
 
Convertible Notes G   19,992,142,087    18,820,511,197    960,098    960,098    1,170,670,792    
-
    
-
 
Convertible Notes H   126,661,409,136    126,657,203,849    4,205,287    4,205,287    
-
    
-
    
-
 
Convertible Notes I   385,337,858,290    385,337,856,192    
-
    2,098    
-
    
-
    
-
 
Subtotal   605,801,285,307    604,625,447,032    5,165,385    1,170,672,890    
-
    
-
    
-
 
Closing Balance   606,407,693,000    605,231,854,725    5,165,385    1,170,672,890    606,407,693    606,407,693    
-
 

 
Schedule of movement of fully paid shares
   Paid- in 
   Capital 
   ThUS$ 
Initial balance as of January 1, 2020  3,146,265 
There are no movements of shares paid during the 2020 year   
-
 
Ending balance as of December 31, 2020   3,146,265 
Initial balance as of January 1, 2021   3,146,265 
There are no movements of shares paid during the 2021 period   
-
 
Ending balance as of December 31, 2021   3,146,265 
Initial balance as of January 1, 2022   3,146,265 
New shares issued (ERO)   800,000 
Conversion options of convertible notes exercised during the year - Convertible Notes G (1)   1,115,996 
Conversion options of convertible notes exercised during the year - Convertible Notes H   1,372,798 
Conversion options of convertible notes exercised during the year - Convertible Notes I (2)   6,863,427 
Subtotal   10,152,221 
Ending balance as of December 31, 2022   13,298,486 

 

(1)It only includes Convertible Notes issued in exchange for the settlement of Chapter 11 claims.

 

(2)Part of the Convertible Notes received in cash and the rest in exchange for the settlement of Chapter 11 claims.

 
Schedule of equity portion is recognized under other equity
   Convertible   Convertible   Convertible   Total
Convertible		 
Concepts  Notes G   Notes H   Notes I   Notes 
   THUS$   THUS$   THUS$   THUS$ 
Face Value   1,115,996    1,372,837    6,863,427    9,352,260 
Adjustment to fair value                    
Convertible Notes at the date of issue   (923,616)   
-
    (2,686,854)   (3,610,470)
Issuance cost   
-
    (24,812)   (705,467)   (730,279)
Subtotal   (923,616)   (24,812)   (3,392,321)   (4,340,749)
Fair Value of Notes   192,380    1,348,025    3,471,106    5,011,511 
Debt component at the date of issue        (102,031)   
-
    (102,031)
Equity component at the date of issue   192,380    1,245,994    3,471,106    4,909,480 

 
Schedule of converted into share
   Convertible   Convertible   Convertible   Total
Convertible		 
Concepts  Notes G   Notes H   Notes I   Notes 
   ThUS$   ThUS$   ThUS$   ThUS$ 
Conversion percentage   100.000%   99.997%   100.000%     
Conversion option of convertible notes exercised   1,115,996    1,270,767    6,863,427    9,250,190 
Converted debt component   
-
    102,031    
-
    102,031 
Total Converted Notes   1,115,996    1,372,798    6,863,427    9,352,221 

 
Schedule of movement of reserves of share-based payments
       Stock     
   Opening   option   Closing 
Periods  balance   plan   balance 
   ThUS$   ThUS$   ThUS$ 
From January 1 to December 31, 2020   36,289    946    37,235 
From January 1 to December 31, 2021   37,235    
-
    37,235 
From January 1 to December 31, 2022   37,235    
-
    37,235 

 
Schedule of other sundry reserves
Periods  Opening
balance		   Transactions with
non-controlling interest		   Legal
reserves		   Other sundry
reserves		   Closing
balance		 
   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$ 
From January 1 to December 31, 2020   2,452,469    (3,125)   2,675    
-
    2,452,019 
From January 1 to December 31, 2021   2,452,019    (3,383)   (538)   
-
    2,448,098 
From January 1 to December 31, 2022   2,448,098    
-
    
-
    (4,420,749)   (1,972,651)

 
Schedule of other sundry reserves
   As of   As of   As of 
   December 31,   December 31,   December 31, 
   2022   2021   2020 
   ThUS$   ThUS$   ThUS$ 
Higher value for TAM S.A. share exchange (1)  2,665,692   2,665,692   2,665,692 
Reserve for the adjustment to the value of fixed assets (2)   2,620    2,620    2,620 
Transactions with non-controlling interest (3)   (216,656)   (216,656)   (213,273)
Adjustment to the fair value of the New Convertible Notes (4)   (3,610,470)   
-
    
-
 
Cost of issuing shares and New Convertible Notes (5)   (810,279)   
-
    
-
 
Others   (3,558)   (3,558)   (3,020)
Total   (1,972,651)   2,448,098    2,452,019 

 

(1)Corresponds to the difference between the value of the shares of TAM S.A., acquired by Sister Holdco S.A. (under the Subscriptions) and by Holdco II S.A. (by virtue of the Exchange Offer), which is recorded in the declaration of completion of the merger by absorption, and the fair value of the shares exchanged by LATAM Airlines Group S.A. as of June 22, 2012.

 

(2)Corresponds to the technical revaluation of the fixed assets authorized by the Commission for the Financial Market in the year 1979, in Circular No. 1529. The revaluation was optional and could be made only once; the originated reserve is not distributable and can only be capitalized.

 

(3)The balance as of December 31, 2022 corresponds to the loss generated by: Lan Pax Group S.A. e Inversiones Lan S.A. in the acquisition of shares of Aerovías de Integración Regional Aires S.A. for ThUS $ (3,480) and ThUS $ (20), respectively; the acquisition of TAM S.A. of the minority interest in Aerolinhas Brasileiras S.A. for ThUS $ (885), the acquisition of Inversiones Lan S.A. of the minority participation in Aires Integra Regional Airlines S.A. for an amount of ThUS $ (2) and the acquisition of a minority stake in Aerolane S.A. by Lan Pax Group S.A. for an amount of ThUS $ (21,526) through Holdco Ecuador S.A. (3) The loss due to the acquisition of the minority interest of Multiplus S.A. for ThUS $ (184,135) (see Note 1), (4) and the acquisition of a minority interest in LATAM Airlines Perú S.A through LATAM Airlines Group S.A for an amount of ThUS $ (3,225) and acquisition of the minority stake in LAN Argentina S.A. and Inversora Cordillera through Transportes Aéreos del Mercosur S.A. for an amount of ThUS $ (3,383).

 

(4)The adjustment to the fair value of the Convertible Notes issued in exchange for settlement of Chapter 11 claims was valued considering the discount that each group of liabilities settled on at the emergence date. These relate to: gain on the haircut for the accounts payable and other accounts payable for ThUS$2,550,306 (see note 26d), gain on the haircut for the financial liabilities for ThUS$420,436 (see note 26e) and gain on the haircut of lease liabilities which is booked against the right of use asset for THUS$639,728.

 

(5)Corresponds to 20% of the sum of the commitment of new funds of the Backstop Parties under the Series I Convertible Bonds and the New Paid Shares, plus additional costs for extension of the Backstop agreement.

 
Schedule of movement of reserves with effect in other comprehensive income
   Currency
translation
reserve		   Cash flow
hedging
reserve		   Gains (Losses)
on change on value
of time value
of options		   Actuarial gain
or loss on
defined benefit
plans reserve		   Total 
   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$ 
Opening balance as of January 1, 2020  (2,890,287)  56,892  
-
   (22,940)  (2,856,335)
Change in fair value of hedging instrument recognised in OCI   
-
    (105,776)   
-
    
-
    (105,776)
Reclassified from OCI to profit or loss   
-
    (13,016)   
-
    
-
    (13,016)
Deferred tax   
-
    959    
-
    
-
    959 
Actuarial reserves by employee benefit plans   
-
    
-
    
-
    (3,968)   (3,968)
Deferred tax actuarial IAS by employee benefit plans   
-
    
-
    
-
    923    923 
Translation difference subsidiaries   (900,226)   
-
    
-
    
-
    (900,226)
Closing balance as of December 31, 2020   (3,790,513)   (60,941)   
-
    (25,985)   (3,877,439)
Increase (decrease) due to application of new accounting standars     
-
       380       (380 )    
 
      
-
  
Opening balance as of January 1, 2021   (3,790,513)   (60,561)   (380)   (25,985)   (3,877,439)
Change in fair value of hedging instrument recognised in OCI   
-
    39,602    (23,692)   
-
    15,910 
Reclassified from OCI to profit or loss   
-
    (16,641)   6,509    
-
    (10,132)
Deferred tax   
-
    (58)   
-
    
-
    (58)
Actuarial reserves by employee benefit plans    
-
      
-
      
-
       10,017       10,017  
Deferred tax actuarial IAS by employee benefit plans    
-
      
-
      
-
       (2,782 )     (2,782 )
Translation difference subsidiaries   18,354    (732)   
-
    
-
    17,622 
Closing balance as of December 31, 2021   (3,772,159)   (38,390)   (17,563)   (18,750)   (3,846,862)
Opening balance as of January 1, 2022   (3,772,159)   (38,390)   (17,563)   (18,750)   (3,846,862)
Change in fair value of hedging instrument recognised in OCI   
-
    51,323    (23,845)   
-
    27,478 
Reclassified from OCI to profit or loss   
-
    31,293    19,946    
-
    51,239 
Reclassified from OCI to the value of the hedged asset   
-
    (8,143)   
-
    
-
    (8,143)
Deferred tax   
-
    (235)   
-
    
-
    (235)
Actuarial reserves by employee benefit plans   
-
    
-
    
-
    (9,933)   (9,933)
Deferred tax actuarial IAS by employee benefit plans
-
-
-
 566 566 
Translation difference subsidiaries   (33,401)   694    (160)   
-
    (32,867)
Closing balance as of December 31, 2022   (3,805,560)   36,542    (21,622)   (28,117)   (3,818,757)

 
Schedule of movement of retained earnings
Periods  Opening
balance		   Result
for the
period		   Dividends   Closing
balance		 
  ThUS$   ThUS$   ThUS$   ThUS$ 
From January 1 to December 31, 2020   352,272    (4,545,887)   
     -
    (4,193,615)
From January 1 to December 31, 2021   (4,193,615)   (4,647,491)   
-
    (8,841,106)
From January 1 to December 31, 2022   (8,841,106)   1,339,210    
-
    (7,501,896)