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GENERAL INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2018
General Information  
Schedule of subsidiaries

The main subsidiaries included in these consolidated financial statements are as follows:

 

  a) Participation rate

 

                As December 31, 2018     As December 31, 2017     As December 31, 2016  
        Country   Functional                                                      
Tax No.   Company   of origin   Currency   Direct     Indirect     Total     Direct     Indirect     Total     Direct     Indirect     Total  
                %     %     %     %     %     %     %     %     %  
                                                                                     
96.518.860-6   Latam Travel Chile  S.A. and Subsidary   Chile   US$     99.9900       0.0100       100.0000       99.9900       0.0100       100.0000       99.9900       0.0100       100.0000  
96.763.900-1   Inmobiliaria Aeronáutica S.A.   Chile   US$     0.0000       0.0000       0.0000       0.0000       0.0000       0.0000       99.0100       0.9900       100.0000  
96.969.680-0   Lan Pax Group S.A. and Subsidiaries   Chile   US$     99.8361       0.1639       100.0000       99.8361       0.1639       100.0000       99.8361       0.1639       100.0000  
Foreign   Lan Perú S.A.   Peru   US$     49.0000       21.0000       70.0000       49.0000       21.0000       70.0000       49.0000       21.0000       70.0000  
93.383.000-4   Lan Cargo S.A.   Chile   US$     99.8939       0.0041       99.8980       99.8939       0.0041       99.8980       99.8939       0.0041       99.8980  
Foreign   Connecta Corporation   U.S.A.   US$     0.0000       100.0000       100.0000       0.0000       100.0000       100.0000       0.0000       100.0000       100.0000  
Foreign   Prime Airport Services Inc. and Subsidary   U.S.A.   US$     0.0000       100.0000       100.0000       0.0000       100.0000       100.0000       0.0000       100.0000       100.0000  
96.951.280-7   Transporte Aéreo S.A.   Chile   US$     0.0000       100.0000       100.0000       0.0000       100.0000       100.0000       0.0000       100.0000       100.0000  
96.631.520-2   Fast Air Almacenes de Carga S.A.   Chile   CLP     0.0000       100.0000       100.0000       0.0000       100.0000       100.0000       0.0000       100.0000       100.0000  
Foreign   Laser Cargo S.R.L.   Argentina   ARS     0.0000       100.0000       100.0000       0.0000       100.0000       100.0000       0.0000       100.0000       100.0000  
Foreign   Lan Cargo Overseas Limited and Subsidiaries   Bahamas   US$     0.0000       100.0000       100.0000       0.0000       100.0000       100.0000       0.0000       100.0000       100.0000  
96.969.690-8   Lan Cargo Inversiones S.A. and Subsidary   Chile   US$     0.0000       100.0000       100.0000       0.0000       100.0000       100.0000       0.0000       100.0000       100.0000  
96.575.810-0   Inversiones Lan S.A. and Subsidiaries   Chile   US$     99.7100       0.2900       100.0000       99.7100       0.2900       100.0000       99.7100       0.2900       100.0000  
96.847.880-K   Technical Trainning LATAM S.A.   Chile   CLP     99.8300       0.1700       100.0000       99.8300       0.1700       100.0000       99.8300       0.1700       100.0000  
Foreign   Latam Finance Limited   Cayman Insland   US$     100.0000       0.0000       100.0000       100.0000       0.0000       100.0000       0.0000       0.0000       0.0000  
Foreign   Peuco Finance Limited   Cayman Insland   US$     100.0000       0.0000       100.0000       100.0000       0.0000       100.0000       0.0000       0.0000       0.0000  
Foreign   Profesional Airline Services INC.   U.S.A.   US$     100.0000       0.0000       100.0000       100.0000       0.0000       100.0000       0.0000       0.0000       0.0000  
Foreign   Jarletul S.A.   Uruguay   US$     99.0000       1.0000       100.0000       0.0000       0.0000       0.0000       0.0000       0.0000       0.0000  
Foreign   TAM S.A. and Subsidiaries (*)   Brazil   BRL     63.0901       36.9099       100.0000       63.0901       36.9099       100.0000       63.0901       36.9099       100.0000  
 
  (*) As of December 31, 2018, the indirect participation percentage over TAM S.A. and Subsidiaries comes from Holdco I S.A., a company over which LATAM Airlines Group S.A. it has a 99.9983% share on economic rights and 49% of political rights its percentage arise as a result of the provisional measure No. 714 of the Brazilian government implemented during 2016 that allows foreign capital to have up to 49% ownership. In this way, since April 2016, LATAM Airlines Group S.A. owns 901 shares with the right to vote of Holdco I S.A., which is equivalent to 49% of the total shares with voting rights of said company and TEP Chile S.A. owns 938 shares with the right to vote of Holdco I S.A., which is equivalent to 51% of the total shares with voting rights.

  

  b) Financial Information
 
        Statement of financial position     Net Income  
                                                              For the year ended  
                          December 31,  
        As of December 31, 2018     As of December 31, 2017     As of December 31, 2016     2018     2017     2016  
Tax No.   Company   Assets     Liabilities     Equity     Assets     Liabilities     Equity     Assets     Liabilities     Equity           Gain/(loss )        
        ThUS$     ThUS$     ThUS$     ThUS$     ThUS$     ThUS$     ThUS$     ThUS$     ThUS$     ThUS$     ThUS$     ThUS$  
                                                                             
96.518.860-6   Latam Travel Chile S.A. and Subsidary     10,165       3,210       6,955       6,771       2,197       4,574       5,468       2,727       2,741       2,385       1,833       2,650  
96.763.900-1   Inmobiliaria Aeronáutica S.A.     -       -       -       -       -       -       36,756       8,843       27,913       -       -       3,443  
96.969.680-0   Lan Pax Group S.A. and Subsidiaries (*)     522,855       1,278,349       (762,139 )     499,345       1,101,548       (596,406 )     475,763       1,045,761       (561,472 )     (128,345 )     (35,943 )     (36,331 )
Foreign   Lan Perú S.A.     417,767       407,570       10,197       315,607       303,204       12,403       306,111       294,912       11,199       3,372       1,205       (2,164 )
Foreign   Lan Chile Investments Limited and Subsidiary (*)     -       -       -       -       -       -       -       -       -       -       -       23  
93.383.000-4   Lan Cargo S.A.     511,275       334,498       176,777       584,169       371,934       212,235       480,908       239,728       241,180       (34,401 )     (30,220 )     (24,813 )
Foreign   Connecta Corporation     66,593       28,183       38,410       38,735       17,248       21,487       31,981       23,525       8,456       16,923       13,030       9,684  
Foreign   Prime Airport Services Inc. and Subsidary (*)     15,817       17,654       (1,837 )     12,671       15,722       (3,051 )     7,385       11,294       (3,909 )     1,225       857       588  
96.951.280-7   Transporte Aéreo S.A.     330,777       128,428       202,349       324,498       104,357       220,141       340,940       124,805       216,135       (17,847 )     2,172       8,206  
Foreign   Aircraft International Leasing Limited     -       -       -       -       -       -       -       -       -       -       -       9  
96.631.520-2   Fast Air Almacenes de Carga S.A.     15,499       7,962       7,537       12,931       4,863       8,068       10,023       3,645       6,378       386       939       1,717  
Foreign   Laser Cargo S.R.L.     26       13       13       18       27       (9 )     21       32       (11 )     (3 )     2       (1 )
Foreign   Lan Cargo Overseas Limited and Subsidiaries (*)     53,326       13,040       38,812       66,039       42,271       18,808       54,092       35,178       15,737       19,876       3,438       176  
96.969.690-8   Lan Cargo Inversiones S.A. and Subsidary (*)     181,522       192,059       (9,614 )     144,884       156,005       (10,112 )     80,644       95,747       (13,506 )     497       3,389       (910 )
96.575.810-0   Inversiones Lan S.A. and Subsidiaries (*)     1,383       50       1,333       11,681       5,201       6,377       10,971       6,452       4,452       (4,774 )     1,561       2,549  
96.847.880-K   Technical Trainning LATAM S.A.     2,879       1,031       1,848       1,967       367       1,600       1,745       284       1,461       884       109       73  
Foreign   Latam Finance Limited     679,034       756,774       (77,740 )     678,289       708,306       (30,017 )     -       -       -       (47,723 )     (30,017 )     -  
Foreign   Peuco Finance Limited     608,191       608,191       -       608,191       608,191       -       -       -       -       -       -       -  
Foreign   Profesional Airline Services INC.     2,430       1,967       463       3,703       3,438       265       -       -       -       197       294       -  
Foreign   Jarletul S.A.     18       125       (107 )     -       -       -       -       -       -       (107 )     -       -  
Foreign   TAM S.A. and Subsidiaries (*)     4,304,126       3,013,831       1,221,459       4,490,714       3,555,423       856,829       5,287,286       4,710,308       495,562       (12,538 )     160,582       2,107  
 
  (*) The Equity reported corresponds to Equity attributable to owners of the parent, it does not include Non-controlling interest.

  

Additionally, we have proceeded to consolidate the following special purpose entities: 1. Chercán Leasing Limited created to finance the pre-delivery payments on aircraft; 2. Guanay Finance Limited created to issue a bond collateralized with future credit card receivables; 3. Private investment funds. These companies have been consolidated as required by IFRS 10.

 

All controlled entities have been included in the consolidation.