XML 129 R35.htm IDEA: XBRL DOCUMENT v3.25.0.1
FOREIGN CURRENCY AND EXCHANGE RATE DIFFERENCES
 12 Months Ended
Dec. 31, 2024
Disclosure Of Effect Of Changes In Foreign Exchange Rates [Abstract]  
FOREIGN CURRENCY AND EXCHANGE RATE DIFFERENCES FOREIGN CURRENCY AND EXCHANGE RATE DIFFERENCES
The functional currency of LATAM Airlines Group S.A. is the US dollar, LATAM has subsidiaries whose functional currency is different to the US dollar, such as the chilean peso, argentine peso, colombian peso, brazilian real and guaraní.

The functional currency is defined as the currency of the primary economic environment in which an entity operates. For each entity and all other currencies are defined as a foreign currency.

Considering the above, the balances by currency mentioned in this note correspond to the sum of foreign currency of each of the entities that are part of the LATAM Airlines Group S.A. and Subsidiaries.

Following are the current exchange rates for the US dollar, on the dates indicated:
As of December 31,As of December 31,As of December 31,
202420232022
Argentine peso1,030.50 807.98 177.12 
Brazilian real6.18 4.85 5.29 
Chilean peso996.46 877.12 855.86 
Colombian peso4,403.50 3,872.49 4,845.35 
Euro0.96 0.90 0.93 
Australian dollar1.61 1.46 1.47 
Boliviano6.86 6.86 6.86 
Mexican peso20.54 16.91 19.50 
New Zealand dollar1.77 1.58 1.58 
Peruvian Sol3.80 3.70 3.81 
Paraguayan Guarani7,815.0 7,270.6 7,332.20 
Uruguayan peso43.80 38.81 39.71 
Foreign currency
The foreign currency detail of balances of monetary items in current and non-current assets is as follows:
As of
December 31, 2024		As of
December 31, 2023
ThUS$ThUS$
Current assets
Cash and cash equivalents630,133 386,216 
Argentine peso4,184 1,808 
Brazilian real4,529 7,108 
Chilean peso17,440 47,907 
Colombian peso12,156 8,968 
Euro15,721 25,329 
U.S. dollar532,670 237,251 
Other currency43,433 57,845 
  
Other financial assets, current7,768 14,659 
Chilean peso2,130 4,367 
Euro67 3,722 
U.S. dollar5,086 5,971 
Other currency485 599 
Other non - financial assets, current58,675 36,654 
Brazilian real— — 
Chilean peso29,968 12,354 
Euro4,105 5,310 
U.S. dollar2,542 10,735 
Other currency22,060 8,255 
Trade and other accounts receivable, current214,599 279,586 
Argentine peso8,729 12,831 
Brazilian real— — 
Chilean peso64,915 69,588 
Colombian peso1,562 1,453 
Euro96,438 90,699 
U.S. dollar7,503 68,893 
Other currency35,452 36,122 
As of
December 31, 2024		As of
December 31, 2023
ThUS$ThUS$
Current assets
Accounts receivable from related entities, current24 27 
Chilean peso24 27 
U.S. dollar— — 
Tax current assets13,121 17,258 
Chilean peso2,035 2,202 
Colombian peso7,020 6,084 
Peruvian sun1,909 7,108 
Other currency2,157 1,864 
Total current assets924,320 734,400 
Argentine peso12,913 14,639 
Brazilian real4,529 7,108 
Chilean peso116,512 136,445 
Colombian peso20,738 16,505 
Euro116,331 125,060 
U.S. Dollar547,801 322,850 
Other currency105,496 111,793 
As of
December 31, 2024		As of
December 31, 2023
ThUS$ThUS$
Non-current assets
Other financial assets, non-current13,627 15,375 
Brazilian real2,989 3,807 
Chilean peso876 2,073 
Colombian peso— — 
Euro4,579 4,252 
U.S. dollar2,315 2,071 
Other currency2,868 3,172 
Other non - financial assets, non-current5,127 9,856 
Argentine peso— — 
Brazilian real5,058 9,789 
U.S. dollar— — 
Other currency69 67 
Accounts receivable, non-current4,126 4,732 
Chilean peso4,126 4,732 
Deferred tax assets5,147 1,048 
Colombian peso5,112 859 
U.S. dollar— 144 
Other currency35 45 
Total non-current assets28,027 31,011 
Argentine peso— — 
Brazilian real8,047 13,596 
Chilean peso5,002 6,805 
Colombian peso5,112 1,700 
Euro4,579 4,252 
U.S. dollar2,315 2,230 
Other currency2,972 2,428 
The foreign currency detail of balances of monetary items in current liabilities and non-current is as follows:

Up to 90 days91 days to 1 year
As of
December 31, 2024		As of
December 31, 2023		As of
December 31, 2024		As of
December 31, 2023
ThUS$ThUS$ThUS$ThUS$
Current liabilities
Other financial liabilities, current30,413 4,331 872 1,010 
Chilean peso1,621 1,364 747 702 
Euro26,191 — 6 — 
U.S. dollar2,131 2,510 — — 
Other currency470 457 119 308 
    
Trade and other accounts payables, current817,925 616,032 8,639 9,583 
Argentine peso5,203 2,074 133 132 
Brazilian real13,237 13,401 765 922 
Chilean peso175,057 128,838 1,556 1,560 
Colombian peso— — — — 
Euro48,804 54,744 7 7 
U.S. dollar513,970 350,635 1,773 1,797 
Peruvian sol45,244 42,347 4,301 4,994 
Mexican peso1,890 2,019 — — 
Pound sterling4,811 17,379 18 11 
Uruguayan peso1,253 706 5 39 
Other currency8,456 3,889 81 121 
    
Accounts payable to related entities, current7,520 5,154 — — 
Chilean peso— — — — 
U.S. dollar7,520 5,154 — — 
    
Other provisions, current10 16 14,161 12,429 
Chilean peso— — 4 4 
Other currency10 16 14,157 12,425 
Up to 90 days91 days to 1 year
As of
December 31, 2024		As of
December 31, 2023		As of
December 31, 2024		As of
December 31, 2023
ThUS$ThUS$ThUS$ThUS$
Current liabilities
Other non-financial liabilities, current11,031 15,634 5,330 6,099 
Argentine peso1,286 836 478 445 
Chilean peso3,916 4,338 2,688 4,026 
Colombian peso1,122 1,456 1,187 1,066 
U.S. dollar3,185 7,305 758 416 
Other currency1,522 1,699 219 146 
    
Total current liabilities866,899 641,167 29,002 29,121 
Argentine peso6,489 2,910 611 577 
Brazilian real13,237 13,401 765 922 
Chilean peso180,594 134,540 4,995 6,292 
Colombian peso1,122 1,456 1,187 1,066 
Euro74,995 54,744 13 7 
U.S. dollar526,806 365,604 2,531 2,213 
Other currency63,656 68,512 18,900 18,044 
More than 1 to 3 yearsMore than 3 to 5 yearsMore than 5 years
As of
December 31, 2024		As of
December 31, 2023		As of
December 31, 2024		As of
December 31, 2023		As of
December 31, 2024		As of
December 31, 2023
ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$
Non-current liabilities
Other financial liabilities, non-current90,248 32,867 2,791 2,871 167,538 165,511 
Chilean peso33,318 17,020 2,749 2,500 166,495 164,942 
Brazilian real— — — — 
Euro43,861 — 42 — 1,043 — 
U.S. dollar12,217 14,110 — — — — 
Other currency852 1,737 — 371 — 569 
      
Accounts payable, non-current22,407 72,783 — — — — 
Chilean peso16,477 16,774 — — — — 
U.S. dollar4,397 54,441 — — — — 
Other currency1,533 1,568 — — — — 
Other provisions, non-current44,993 49,427 — — — — 
Argentine peso2,685 3,570 — — — — 
Brazilian real37,227 42,244 — — — — 
Chilean peso1,996 — — — — — 
Colombian peso330 395 — — — — 
Euro2,653 3,053 — — — — 
U.S. dollar102 165 — — — — 
      
Provisions for employees benefits, non-current89,950 79,749 — — — — 
Chilean peso82,804 76,247 — — — — 
U.S. dollar7,146 3,502 — — — — 
      
Total non-current liabilities247,598 234,826 2,791 2,871 167,538 165,511 
Argentine peso2,685 3,570 — — — — 
Brazilian real37,227 42,244 — — — — 
Chilean peso134,595 110,041 2,749 2,500 166,495 164,942 
Colombian peso330 395 — — — — 
Euro46,514 3,053 42 — 1,043 — 
U.S. dollar23,862 72,218 — — — — 
Other currency2,385 3,305 — 371 — 569 
As of
December 31, 2024		As of
December 31, 2023
ThUS$ThUS$
General summary of foreign currency:
Total assets952,347 765,411 
Argentine peso12,913 14,639 
Brazilian real12,576 20,704 
Chilean peso121,514 143,250 
Colombian peso25,850 18,205 
Euro120,910 129,312 
U.S. dollar550,116 325,080 
Other currency108,468 114,221 
Total liabilities1,313,828 1,073,496 
Argentine peso9,785 7,057 
Brazilian real51,229 56,567 
Chilean peso489,428 418,315 
Colombian peso2,639 2,917 
Euro122,607 57,804 
U.S. dollar553,199 440,035 
Other currency84,941 90,801 
Net position
Argentine peso3,128 7,582 
Brazilian real(38,653)(35,863)
Chilean peso(367,914)(275,065)
Colombian peso23,211 15,288 
Euro(1,697)71,508 
U.S. dollar(3,083)(114,955)
Other currency23,527 23,420