XML 104 R27.htm IDEA: XBRL DOCUMENT
v3.24.0.1

OTHER PROVISIONS | 12 Months Ended
--- | ---
Dec. 31, 2023
Other provisions [abstract] |
OTHER PROVISIONS | OTHER PROVISIONS
| Current liabilities |  | Non-current liabilities |  | Total Liabilities
| 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$
Provision for contingencies (1) |  |  |  |  |  |  |  |  |  |  |
Tax contingencies | 7,003 |  |  | 8,733 |  |  | 614,882 |  |  | 617,692 |  |  | 621,885 |  |  | 626,425 |
Civil contingencies | 7,702 |  |  | 5,490 |  |  | 142,305 |  |  | 119,483 |  |  | 150,007 |  |  | 124,973 |
Labor contingencies | 367 |  |  | 350 |  |  | 155,501 |  |  | 175,212 |  |  | 155,868 |  |  | 175,562 |
Other | — |  |  | — |  |  | 11,571 |  |  | 13,180 |  |  | 11,571 |  |  | 13,180 |
Provision for European |  |  |  |  |  |  |  |  |  |  |
Commission investigation (2) | — |  |  | — |  |  | 2,477 |  |  | 2,397 |  |  | 2,477 |  |  | 2,397 |
Total other provisions (3) | 15,072 |  |  | 14,573 |  |  | 926,736 |  |  | 927,964 |  |  | 941,808 |  |  | 942,537 |
(1)Provisions for contingencies: The tax contingencies correspond to litigation and tax criteria related to the tax treatment applicable to direct and indirect taxes, which are found in both administrative and judicial stage. The civil contingencies correspond to different demands of civil order filed against the Company.The labor contingencies correspond to different demands of labor order filed against the Company. Provisions are recognized in the consolidated income statement in administrative expenses or tax expenses, as appropriate. The Company maintains other judicial processes, individually and cumulatively , do not have a significant impact on these financial statements (2) Provision made for proceedings brought by the European Commission for possible breaches of free competition in the freight market. (3) Total other provision as of December 31, 2023, and December 31, 2022, include the fair value of the contingencies arising at the time of the business combination with TAM S.A and subsidiaries,with a probability of loss under 50%, which are not recognized in the normal course of IFRS Accounting Standards application and which only in the context of a business combination should be recognized under IFRS Accounting Standards. Movement of provisions:
| Legal claims (1) |  | European Commission Investigation (1) |  | Onerous Contracts |  | Total
| ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Opening balance as of January 1, 2021 | 558,036 |  |  | 10,097 |  |  | 44,000 |  |  | 612,133 |
Increase in provisions | 403,229 |  |  | — |  |  | — |  |  | 403,229 |
Provision used | (84,497) |  |  | — |  |  | — |  |  | (84,497) |
Difference by subsidiaries conversion | (25,531) |  |  | — |  |  | — |  |  | (25,531) |
Reversal of provision | (119,029) |  |  | — |  |  | (44,000) |  |  | (163,029) |
Exchange difference | (1,055) |  |  | (797) |  |  | — |  |  | (1,852) |
Closing balance as of December 31, 2021 | 731,153 |  |  | 9,300 |  |  | — |  |  | 740,453 |
Opening balance as of January 1, 2022 | 731,153 |  |  | 9,300 |  |  | — |  |  | 740,453 |
Increase in provisions | 687,558 |  |  | — |  |  | — |  |  | 687,558 |
Provision used | (63,087) |  |  | — |  |  | — |  |  | (63,087) |
Difference by subsidiaries conversion | 28,655 |  |  | — |  |  | — |  |  | 28,655 |
Reversal of provision | (427,979) |  |  | (6,630) |  |  | — |  |  | (434,609) |
Exchange difference | (16,160) |  |  | (273) |  |  | — |  |  | (16,433) |
Closing balance as of December 31, 2022 | 940,140 |  |  | 2,397 |  |  | — |  |  | 942,537 |
Opening balance as of January 1, 2023 | 940,140 |  |  | 2,397 |  |  | — |  |  | 942,537 |
Increase in provisions | 449,406 |  |  | — |  |  | — |  |  | 449,406 |
Provision used | (70,844) |  |  | — |  |  | — |  |  | (70,844) |
Difference by subsidiaries conversion | (69,563) |  |  | — |  |  | — |  |  | (69,563) |
Reversal of provision | (310,118) |  |  | — |  |  | — |  |  | (310,118) |
Exchange difference | 310 |  |  | 80 |  |  | — |  |  | 390 |
Closing balance as of December 31, 2023 | 939,331 |  |  | 2,477 |  |  | — |  |  | 941,808 |
(1)See details of litigation and government investigations with a material impact in Note 30.

X
- Definition The disclosure of provisions. [Refer: Provisions] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfProvisionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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