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FINANCIAL RISK MANAGEMENT (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure Of Financial Risk Management [Abstract] |
Schedule of hedge information | The following tables show the level of hedge for different periods:
Positions as of December 31, 2023 (*) |  | Maturities
|  | Q124 |  | Q224 |  | Q324 |  | Q424 |  | Total
Percentage of coverage over the expected volume of consumption |  | 35 | % |  | 32 | % |  | 30 | % |  | 22 | % |  | 30 | %
Positions as of December 31, 2022 (*) |  | Maturities
|  | Q123 |  | Q223 |  | Q323 |  | Q423 |  | Total
Percentage of coverage over the expected volume of consumption |  | 24 | % |  | 24 | % |  | 15 | % |  | 5 | % |  | 17 | %
(*) The percentage shown in the table considers all the hedging instruments (swaps and options). Hedge derivatives
| Current liabilities |  | Non-current liabilities |  | Total hedge derivatives
| As of December 31, 2023 |  | As of December 31, 2022 |  | As of December 31, 2023 |  | As of December 31, 2022 |  | As of December 31, 2023 |  | As of December 31, 2022
| ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Fair value of foreign currency derivatives | 1,544 |  |  | — |  |  | — |  |  | — |  |  | 1,544 |  |  | — |
Total hedge derivatives | 1,544 |  |  | — |  |  | — |  |  | — |  |  | 1,544 |  |  | — |
Schedule of sensitivity analysis | The following table shows the sensitivity of financial instruments according to reasonable changes in the price of fuel and their effect on equity.
Benchmark price (US$ per barrel) |  | Positions as of December 31, 2023 effect on Equity (MUS$) |  | Positions as of December 31, 2022 effect on Equity (MUS$)
+5 |  | +10.8 |  | +2.2
-5 |  | -10.7 |  | -2.3
The following table shows the sensitivity of current hedging FX derivative instruments according to reasonable changes in the exchange rate and its effect on equity.
Appreciation (depreciation) of R$/US$ |  | Effect on equity as of December 31, 2023 (MUS$) |  | Effect on equity as of December 31, 2022 (MUS$)
-10% |  | -10.0 |  | -2.9
+10% |  | +19.0 |  | +3.0
The following table shows the impact of the Exchange Rate variation on the Consolidated Income Statement when the R$/US$ exchange rate appreciates or depreciates by 10%:
Appreciation (depreciation) of R$/US$ |  | Effect on Income Statement for the year ended December 31, 2023 (MUS$) |  | Effect on Income Statement for the year ended December 31, 2022 (MUS$)
-10% |  | +6.6 |  | +70.7
+10% |  | -6.6 |  | -70.7
The following table shows the impact on the Cumulative Translation Adjustment included in Other comprehensive income recognized in Total equity in the case of an appreciation or depreciation 10% the exchange rate R$/US$:
Appreciation (depreciation) of R$/US$ |  | Effect at December 31, 2023 MUS$ |  | Effect at December 31, 2022 MUS$
-10% |  | +327.01 |  | +98.11
+10% |  | -267.56 |  | -80.28
Sensitivity analysis: The following table shows the sensitivity of changes in financial obligations that are not hedged against interest-rate variations. These changes are considered reasonably possible, based on current market conditions each date.
Increase (decrease) of future curve SOFR rate |  | Positions as of December 31, 2023 effect on Income (Loss) before taxes (MUS$) |  | Positions as of December 31, 2022 effect on Income (Loss) before tax (MUS$)
+100 basis points |  | -20.27 |  | -22.64
-100 basis points |  | +20.27 |  | +22.64
Increase (decrease) interest rate curve |  | Positions as of December 31, 2023 effect on equity (MUS$) |  | Positions as of December 31, 2022 effect on equity (MUS$)
+100 basis points |  | — |  | +6.9
-100 basis points |  | — |  | -8.2
Schedule of class of liability for the analysis of liquidity risk ordered by date of maturity | Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2023 Debtor: LATAM Airlines Group S.A., Tax No. 89.862.200-2 Chile
Tax No. |  | Creditor |  | Creditor country |  | Currency |  | Up to 90 days |  | More than 90 days to one year |  | More than one to three years |  | More than three to five years |  | More than five years |  | Total |  | Nominal value |  | Amortization |  | Annual
|  |  |  |  |  |  |  |  |  |  |  | Effective rate |  | Nominal rate
|  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  | % |  | %
Bank loans
0-E |  | GOLDMAN SACHS |  | U.S.A. |  | US$ |  | 44,721 |  |  | 127,878 |  |  | 302,953 |  |  | 1,192,355 |  |  | — |  |  | 1,667,907 |  |  | 1,089,000 |  |  | Quarterly |  | 20.31 |  |  | 15.04 |
Obligations with the public
97.036.000-K |  | SANTANDER |  | Chile |  | UF |  | — |  |  | 3,230 |  |  | 6,409 |  |  | 6,409 |  |  | 182,647 |  |  | 198,695 |  |  | 160,214 |  |  | To the expiration |  | 2.00 |  |  | 2.00 |
0-E |  | WILMINGTON TRUST COMPANY |  | U.S.A. |  | US$ |  | — |  |  | 153,813 |  |  | 307,625 |  |  | 697,438 |  |  | 793,625 |  |  | 1,952,501 |  |  | 1,150,000 |  |  | To the expiration |  | 15.00 |  |  | 13.38 |
97.036.000-K |  | SANTANDER |  | Chile |  | US$ |  | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | 6 |  |  | 3 |  |  | To the expiration |  | 1.00 |  |  | 1.00 |
Guaranteed obligations
0-E |  | BNP PARIBAS |  | U.S.A. |  | US$ |  | 5,940 |  |  | 17,082 |  |  | 41,319 |  |  | 40,578 |  |  | 120,730 |  |  | 225,649 |  |  | 171,704 |  |  | Quarterly |  | 6.98 |  |  | 6.98 |
0-E |  | WILMINGTON TRUST COMPANY |  | U.S.A. |  | US$ |  | 5,948 |  |  | 16,928 |  |  | 42,098 |  |  | 40,736 |  |  | 54,056 |  |  | 159,766 |  |  | 132,585 |  |  | Quarterly/Monthly |  | 8.76 |  |  | 8.76 |
Other guaranteed obligation
0-E |  | EXIM BANK |  | U.S.A. |  | US$ |  | 452 |  |  | 1,348 |  |  | 43,531 |  |  | 43,494 |  |  | 16,665 |  |  | 105,490 |  |  | 99,109 |  |  | Quarterly |  | 2.29 |  |  | 2.05 |
0-E |  | MUFG |  | U.S.A. |  | US$ |  | 12,919 |  |  | 37,926 |  |  | 16,649 |  |  | — |  |  | — |  |  | 67,494 |  |  | 64,102 |  |  | Quarterly |  | 7.11 |  |  | 7.11 |
0-E |  | CREDIT AGRICOLE |  | France |  | US$ |  | 6,451 |  |  | 33,576 |  |  | 75,714 |  |  | 243,842 |  |  | — |  |  | 359,583 |  |  | 266,768 |  |  | To the expiration |  | 9.43 |  |  | 9.43 |
Financial lease
0-E |  | NATIXIS |  | France |  | US$ |  | 10,653 |  |  | 30,443 |  |  | 73,474 |  |  | 70,443 |  |  | 94,995 |  |  | 280,008 |  |  | 215,357 |  |  | Quarterly |  | 7.58 |  |  | 7.58 |
0-E |  | US BANK |  | U.S.A. |  | US$ |  | 17,984 |  |  | 50,411 |  |  | 17,681 |  |  | — |  |  | — |  |  | 86,076 |  |  | 84,177 |  |  | Quarterly |  | 4.41 |  |  | 3.16 |
0-E |  | EXIM BANK |  | U.S.A. |  | US$ |  | 3,262 |  |  | 9,389 |  |  | 216,015 |  |  | 148,582 |  |  | 75,118 |  |  | 452,366 |  |  | 413,072 |  |  | Quarterly |  | 4.13 |  |  | 3.31 |
0-E |  | BANK OF UTAH |  | U.S.A. |  | US$ |  | 5,891 |  |  | 17,705 |  |  | 47,590 |  |  | 54,357 |  |  | 117,597 |  |  | 243,140 |  |  | 172,582 |  |  | Monthly |  | 10.71 |  |  | 10.71 |
Others loans
0-E |  | OTHERS (*) |  | Chile |  | US$ |  | 104 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 104 |  |  | 104 |  |  | To the expiration |  | — |  |  | — |
|  | TOTAL |  |  |  |  |  | 114,325 |  |  | 499,729 |  |  | 1,191,058 |  |  | 2,538,234 |  |  | 1,455,439 |  |  | 5,798,785 |  |  | 4,018,777 |  |  |  |  |  |  |
(*)Obligation with creditors for executed letters of credit. Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2023 Debtor: TAM S.A., Tax No. 02.012.862/0001-60, Brazil.
Tax No. |  | Creditor |  | Creditor country |  | Currency |  | Up to 90 days |  | More than 90 days to one year |  | More than one to three years |  | More than three to five years |  | More than five years |  | Total |  | Nominal value |  | Amortization |  | Annual
|  |  |  |  |  |  |  |  |  |  |  | Effective rate |  | Nominal rate
|  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  | % |  | %
Financial leases
0-E |  | NATIXIS |  | France |  | US$ |  | 510 |  |  | 1,530 |  |  | 4,080 |  |  | 9,886 |  |  | — |  |  | 16,006 |  |  | 16,006 |  |  | Quarterly |  | — |  |  | — |
|  | TOTAL |  |  |  |  |  | 510 |  |  | 1,530 |  |  | 4,080 |  |  | 9,886 |  |  | — |  |  | 16,006 |  |  | 16,006 |  |  |  |  |  |  |
Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2023 Debtor: LATAM Airlines Group S.A., Tax No. 89.862.200-2, Chile.
Tax No. |  | Creditor |  | Creditor country |  | Currency |  | Up to 90 days |  | More than 90 days to one year |  | More than one to three years |  | More than three to five years |  | More than five years |  | Total |  | Nominal value |  | Amortization |  | Annual
|  |  |  |  |  |  |  |  |  |  |  | Effective rate |  | Nominal rate
|  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  | % |  | %
Lease Liability
|  | AIRCRAFT |  | OTHERS |  | US$ |  | 139,599 |  |  | 419,554 |  |  | 1,116,682 |  |  | 928,238 |  |  | 1,685,262 |  |  | 4,289,335 |  |  | 2,894,195 |  |  | — |  |  | — |  |  | — |
|  | OTHER ASSETS |  | OTHERS |  | US$ |  | 2,523 |  |  | 7,276 |  |  | 14,863 |  |  | 846 |  |  | 1,404 |  |  | 26,912 |  |  | 25,680 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | CLP |  | 19 |  |  | 57 |  |  | 94 |  |  | — |  |  | — |  |  | 170 |  |  | 135 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | UF |  | 557 |  |  | 1,255 |  |  | 2,906 |  |  | 2,426 |  |  | 5,099 |  |  | 12,243 |  |  | 11,097 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | COP |  | 122 |  |  | 308 |  |  | 266 |  |  | 148 |  |  | — |  |  | 844 |  |  | 667 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | EUR |  | 63 |  |  | 101 |  |  | 172 |  |  | 23 |  |  | — |  |  | 359 |  |  | 296 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | BRL |  | 2,314 |  |  | 6,871 |  |  | 15,177 |  |  | 14,438 |  |  | 25,742 |  |  | 64,542 |  |  | 35,841 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | MXN |  | 24 |  |  | 71 |  |  | 8 |  |  | — |  |  | — |  |  | 103 |  |  | 84 |  |  | — |  |  | — |  |  | — |
Trade and other accounts payables
- |  | OTHERS |  | OTHERS |  | US$ |  | 846,541 |  |  | 7,063 |  |  | — |  |  | — |  |  | — |  |  | 853,604 |  |  | 709,933 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | CLP |  | 44,593 |  |  | 8,072 |  |  | — |  |  | — |  |  | — |  |  | 52,665 |  |  | 64,317 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | BRL |  | 309,999 |  |  | 7,671 |  |  | — |  |  | — |  |  | — |  |  | 317,670 |  |  | 409,474 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | Other currency |  | 178,740 |  |  | 5,522 |  |  | — |  |  | — |  |  | — |  |  | 184,262 |  |  | 118,189 |  |  | — |  |  | — |  |  | — |
Accounts payable to related parties currents
Foreign |  | Qatar Airways |  | Qatar |  | US$ |  | — |  |  | 2,312 |  |  | — |  |  | — |  |  | — |  |  | 2,312 |  |  | 2,312 |  |  |  |  |  |  |
Foreign |  | Delta Air Lines, Inc. |  | U.S.A |  | US$ |  | — |  |  | 5,132 |  |  | — |  |  | — |  |  | — |  |  | 5,132 |  |  | 5,132 |  |  |  |  |  |  |
|  | Total |  |  |  |  |  | 1,525,094 |  |  | 471,265 |  |  | 1,150,168 |  |  | 946,119 |  |  | 1,717,507 |  |  | 5,810,153 |  |  | 4,277,352 |  |  |  |  |  |  |
|  | Total consolidated |  |  |  |  |  | 1,639,929 |  |  | 972,524 |  |  | 2,345,306 |  |  | 3,494,239 |  |  | 3,172,946 |  |  | 11,624,944 |  |  | 8,312,135 |  |  |  |  |  |  |
Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2022 Debtor: LATAM Airlines Group S.A., Tax No. 89.862.200-2 Chile.
Tax No. |  | Creditor |  | Creditor country |  | Currency |  | Up to 90 days |  | More than 90 days to one year |  | More than one to three years |  | More than three to five years |  | More than five years |  | Total |  | Nominal value |  | Amortization |  | Annual
|  |  |  |  |  |  |  |  |  |  |  | Effective rate |  | Nominal rate
|  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  | % |  | %
Bank loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
97.023.000-9 |  | GOLDMAN SACHS |  | U.S.A. |  | US$ |  | 32,071 |  |  | 122,278 |  |  | 323,125 |  |  | 1,361,595 |  |  | — |  |  | 1,839,069 |  |  | 1,100,000 |  |  | Quarterly |  | 18.46 |  |  | 13.38 |
0-E |  | SANTANDER |  | Spain |  | US$ |  | 19,164 |  |  | 55,288 |  |  | — |  |  | — |  |  | — |  |  | 74,452 |  |  | 70,951 |  |  | Quarterly |  | 7.26 |  |  | 7.26 |
Obligations with the public
97.030.000-7 |  | SANTANDER |  | Chile |  | UF |  | — |  |  | 3,136 |  |  | 6,271 |  |  | 6,271 |  |  | 178,736 |  |  | 194,414 |  |  | 156,783 |  |  | At Expiration |  | 2.00 |  |  | 2.00 |
0-E |  | WILMINGTON TRUST COMPANY |  | U.S.A. |  | US$ |  | — |  |  | 152,531 |  |  | 307,625 |  |  | 757,625 |  |  | 887,250 |  |  | 2,105,031 |  |  | 1,150,000 |  |  | At Expiration |  | 15.00 |  |  | 13.38 |
97.036.000-K |  | SANTANDER |  | Chile |  | US$ |  | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | 6 |  |  | 3 |  |  | At Expiration |  | 1.00 |  |  | 1.00 |
Guaranteed obligations
0-E |  | BNP PARIBAS |  | U.S.A. |  | US$ |  | 6,692 |  |  | 14,705 |  |  | 39,215 |  |  | 39,215 |  |  | 138,345 |  |  | 238,172 |  |  | 184,198 |  |  | Quarterly |  | 5.76 |  |  | 5.76 |
0-E |  | WILMINGTON TRUST COMPANY |  | U.S.A. |  | US$ |  | 3,839 |  |  | 13,465 |  |  | 45,564 |  |  | 43,444 |  |  | 75,505 |  |  | 181,817 |  |  | 141,605 |  |  | Quarterly / Monthly |  | 8.20 |  |  | 8.20 |
Other guaranteed obligation
0-E |  | EXIM BANK |  | U.S.A. |  | US$ |  | 394 |  |  | 1,171 |  |  | 12,119 |  |  | 21,111 |  |  | 60,857 |  |  | 95,652 |  |  | 86,612 |  |  | Quarterly |  | 2.01 |  |  | 1.78 |
0-E |  | MUFG |  | U.S.A. |  | US$ |  | 13,091 |  |  | 38,914 |  |  | 69,916 |  |  | — |  |  | — |  |  | 121,921 |  |  | 112,388 |  |  | Quarterly |  | 6.23 |  |  | 6.23 |
0-E |  | CREDIT AGRICOLE |  | France |  | US$ |  | 5,769 |  |  | 31,478 |  |  | 70,890 |  |  | 267,615 |  |  | — |  |  | 375,752 |  |  | 275,000 |  |  | At Expiration |  | 8.24 |  |  | 8.24 |
Financial lease
0-E |  | CITIBANK |  | U.S.A. |  | US$ |  | 6,995 |  |  | 5,844 |  |  | - |  |  | — |  |  | — |  |  | 12,839 |  |  | 12,514 |  |  | Quarterly |  | 6.19 |  |  | 5.47 |
0-E |  | BNP PARIBAS |  | U.S.A. |  | US$ |  | 6,978 |  |  | 20,662 |  |  | 1,543 |  |  | — |  |  | — |  |  | 29,183 |  |  | 28,165 |  |  | Quarterly |  | 5.99 |  |  | 5.39 |
0-E |  | NATIXIS |  | France |  | US$ |  | 9,864 |  |  | 29,468 |  |  | 75,525 |  |  | 70,787 |  |  | 129,582 |  |  | 315,226 |  |  | 239,138 |  |  | Quarterly |  | 6.44 |  |  | 6.44 |
0-E |  | US BANK |  | U.S.A. |  | US$ |  | 18,072 |  |  | 54,088 |  |  | 86,076 |  |  | — |  |  | — |  |  | 158,236 |  |  | 152,693 |  |  | Quarterly |  | 4.06 |  |  | 2.85 |
0-E |  | PK AIRFINANCE |  | U.S.A. |  | US$ |  | 1,749 |  |  | 5,165 |  |  | 6,665 |  |  | — |  |  | — |  |  | 13,579 |  |  | 12,590 |  |  | Quarterly |  | 5.97 |  |  | 5.97 |
0-E |  | EXIM BANK |  | U.S.A. |  | US$ |  | 3,176 |  |  | 9,681 |  |  | 137,930 |  |  | 193,551 |  |  | 157,978 |  |  | 502,316 |  |  | 446,509 |  |  | Quarterly |  | 3.58 |  |  | 2.79 |
0-E |  | BANK OF UTAH |  | U.S.A. |  | US$ |  | 5,878 |  |  | 17,651 |  |  | 47,306 |  |  | 50,649 |  |  | 145,184 |  |  | 266,668 |  |  | 182,237 |  |  | Monthly |  | 10.45 |  |  | 10.45 |
Others loans
0-E |  | OTHERS (*) |  | Chile |  | US$ |  | 2,028 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,028 |  |  | 2,028 |  |  | At Expiration |  | — |  |  | — |
|  | TOTAL |  |  |  |  |  | 135,760 |  |  | 575,525 |  |  | 1,229,770 |  |  | 2,811,863 |  |  | 1,773,443 |  |  | 6,526,361 |  |  | 4,353,414 |  |  |  |  |  |  |
(*)Obligation with creditors for executed letters of credit. Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2022 Debtor: TAM S.A., Tax No. 02.012.862/0001-60, Brazil.
Tax No. |  | Creditor |  | Creditor country |  | Currency |  | Up to 90 days |  | More than 90 days to one year |  | More than one to three years |  | More than three to five years |  | More than five years |  | Total |  | Nominal value |  | Amortization |  | Annual
|  |  |  |  |  |  |  |  |  |  |  | Effective rate |  | Nominal rate
|  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  | % |  | %
Financial Leases
0-E |  | NATIXIS |  | France |  | US$ |  | 510 |  |  | 1,530 |  |  | 4,080 |  |  | 4,080 |  |  | 7,846 |  |  | 18,046 |  |  | 18,046 |  |  | Semiannual/Quarterly |  | 7.23 |  |  | 7.23 |
Bank loans
0-E |  | MERRILL LYNCH CREDIT PRODUCTS, LLC |  | Brazil |  | BRL |  | 304,549 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 304,549 |  |  | 304,549 |  |  | Monthly |  | 3.95 |  |  | 3.95 |
|  | TOTAL |  |  |  |  |  | 305,059 |  |  | 1,530 |  |  | 4,080 |  |  | 4,080 |  |  | 7,846 |  |  | 322,595 |  |  | 322,595 |  |  |  |  |  |  |
Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2022 Debtor: LATAM Airlines Group S.A., Tax No. 89.862.200-2, Chile.
Tax No. |  | Creditor |  | Creditor country |  | Currency |  | Up to 90 days |  | More than 90 days to one year |  | More than one to three years |  | More than three to five years |  | More than five years |  | Total |  | Nominal value |  | Amortization |  | Annual
|  |  |  |  |  |  |  |  |  |  |  | Effective rate |  | Nominal rate
|  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  | % |  | %
Lease Liability
|  | AIRCRAFT |  | OTHERS |  | US$ |  | 80,602 |  |  | 250,297 |  |  | 845,215 |  |  | 776,431 |  |  | 1,094,935 |  |  | 3,047,480 |  |  | 2,134,968 |  |  | — |  |  | — |  |  | — |
|  | OTHER ASSETS |  | OTHERS |  | US$ |  | 1,727 |  |  | 8,080 |  |  | 20,641 |  |  | 6,251 |  |  | 1,763 |  |  | 38,462 |  |  | 35,157 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | CLP |  | 20 |  |  | 34 |  |  | 69 |  |  | — |  |  | — |  |  | 123 |  |  | 111 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | UF |  | 574 |  |  | 1,568 |  |  | 3,007 |  |  | 2,515 |  |  | 6,273 |  |  | 13,937 |  |  | 11,703 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | COP |  | 76 |  |  | 227 |  |  | 301 |  |  | — |  |  | — |  |  | 604 |  |  | 518 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | EUR |  | 84 |  |  | 253 |  |  | 246 |  |  | 24 |  |  | — |  |  | 607 |  |  | 571 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | BRL |  | 2,064 |  |  | 6,192 |  |  | 14,851 |  |  | 12,491 |  |  | 28,625 |  |  | 64,223 |  |  | 33,425 |  |  | — |  |  | — |  |  | — |
Trade and other accounts payables
|  | OTHERS |  | OTHERS |  | US$ |  | 80,557 |  |  | 58,342 |  |  | — |  |  | — |  |  | — |  |  | 138,899 |  |  | 138,899 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | CLP |  | 168,393 |  |  | 1,231 |  |  | — |  |  | — |  |  | — |  |  | 169,624 |  |  | 169,624 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | BRL |  | 370,772 |  |  | 5,242 |  |  | — |  |  | — |  |  | — |  |  | 376,014 |  |  | 376,014 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | Other currency |  | 583,118 |  |  | 3,935 |  |  | — |  |  | — |  |  | — |  |  | 587,053 |  |  | 587,053 |  |  | — |  |  | — |  |  | — |
Accounts payable to related parties currents
Foreign |  | Inversora Aeronáutica Argentina S.A. |  | Argentina |  | US$ |  | 5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | 5 |  |  | — |  |  | — |  |  | — |
Foreign |  | Patagonia Seafarms |  | U.S.A |  | US$ |  | 7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  | 7 |  |  | — |  |  | — |  |  | — |
|  | Total |  |  |  |  |  | 1,287,999 |  |  | 335,401 |  |  | 884,330 |  |  | 797,712 |  |  | 1,131,596 |  |  | 4,437,038 |  |  | 3,488,055 |  |  |  |  |  |  |
|  | Total consolidated |  |  |  |  |  | 1,728,818 |  |  | 912,456 |  |  | 2,118,180 |  |  | 3,613,655 |  |  | 2,912,885 |  |  | 11,285,994 |  |  | 8,164,064 |  |  |  |  |  |  |
Classification of financial instruments at fair value | The following table shows the classification of financial instruments at fair value, depending on the level of information used in the assessment:
| As of December 31, 2023 |  | As of December 31, 2022
|  |  | Fair value measurements using values considered as |  |  |  | Fair value measurements using values considered as
| Fair value |  | Level I |  | Level II |  | Level III |  | Fair value |  | Level I |  | Level II |  | Level III
| ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | 89,706 |  |  | 89,706 |  |  | — |  |  | — |  |  | 95,452 |  |  | 95,452 |  |  | — |  |  | — |
Short-term mutual funds | 89,706 |  |  | 89,706 |  |  | — |  |  | — |  |  | 95,452 |  |  | 95,452 |  |  | — |  |  | — |
Other financial assets, current | 22,136 |  |  | — |  |  | 22,136 |  |  | — |  |  | 21,601 |  |  | — |  |  | 21,601 |  |  | — |
Fair value interest rate derivatives | — |  |  | — |  |  | — |  |  | — |  |  | 8,816 |  |  | — |  |  | 8,816 |  |  | — |
Fair value of fuel derivatives | 22,136 |  |  | — |  |  | 22,136 |  |  | — |  |  | 12,594 |  |  | — |  |  | 12,594 |  |  | — |
Fair value of foreign currency derivative | — |  |  | — |  |  | — |  |  | — |  |  | 191 |  |  | — |  |  | 191 |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other financial liabilities, current | 1,544 |  |  | — |  |  | 1,544 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Fair value of foreign currency derivatives | 1,544 |  |  | — |  |  | 1,544 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Schedule of financial instruments which are not recorded at fair value | In order to meet the disclosure requirements of fair values, the Company has valued these instruments as shown in the table below:
| As of December 31, 2023 |  | As of December 31, 2022
| Book value |  | Fair value |  | Book value |  | Fair value
| ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Cash and cash equivalents | 1,625,055 |  |  | 1,625,055 |  |  | 1,121,223 |  |  | 1,121,223 |
Cash on hand | 2,019 |  |  | 2,019 |  |  | 2,248 |  |  | 2,248 |
Bank balance | 552,187 |  |  | 552,187 |  |  | 480,566 |  |  | 480,566 |
Overnight | 75,236 |  |  | 75,236 |  |  | 259,129 |  |  | 259,129 |
Time deposits | 995,613 |  |  | 995,613 |  |  | 379,280 |  |  | 379,280 |
Other financial assets, current | 152,683 |  |  | 152,683 |  |  | 481,914 |  |  | 481,914 |
Other financial assets | 152,683 |  |  | 152,683 |  |  | 481,914 |  |  | 481,914 |
Trade debtors, other accounts receivable and Current accounts receivable | 1,385,910 |  |  | 1,385,910 |  |  | 1,008,109 |  |  | 1,008,109 |
Accounts receivable from entities related, current | 28 |  |  | 28 |  |  | 19,523 |  |  | 19,523 |
Other financial assets, non-current | 34,485 |  |  | 34,485 |  |  | 15,517 |  |  | 15,517 |
Accounts receivable, non-current | 12,949 |  |  | 12,949 |  |  | 12,743 |  |  | 12,743 |
Other current financial liabilities | 594,519 |  |  | 867,791 |  |  | 802,841 |  |  | 824,167 |
Accounts payable for trade and other accounts payable, current | 1,765,279 |  |  | 1,765,279 |  |  | 1,627,992 |  |  | 1,627,992 |
Accounts payable to entities related, current | 7,444 |  |  | 7,444 |  |  | 12 |  |  | 12 |
Other financial liabilities, non current | 6,341,669 |  |  | 6,174,294 |  |  | 5,979,039 |  |  | 5,533,131 |
Accounts payable, non current | 418,587 |  |  | 418,587 |  |  | 326,284 |  |  | 326,284 |

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