NOTE 33 - TRANSACTIONS WITH RELATED PARTIES
| (a) | Details of transactions with related parties as follows: |
| Transaction amount | ||||||||||||||||||||||
| Nature of | Nature of | with related parties | ||||||||||||||||||||
| relationship with | Country | related parties | As of December 31, | |||||||||||||||||||
| Tax No. | Related party | related parties | of origin | transactions | Currency | 2017 | 2016 | 2015 | ||||||||||||||
| ThUS$ | ThUS$ | ThUS$ | ||||||||||||||||||||
| 96.810.370-9 | Inversiones Costa Verde Ltda. y CPA. | Related director | Chile | Tickets sales | CLP | 18 | 6 | 15 | ||||||||||||||
| 65.216.000-K | Comunidad Mujer | Related director | Chile | Tickets sales | CLP | 14 | 9 | 2 | ||||||||||||||
| Services provided for advertising | CLP | - | (12 | ) | (10 | ) | ||||||||||||||||
| 78.591.370-1 | Bethia S.A and subsidiaries | Related director | Chile | Services received of cargo transport | CLP | 1,643 | (394 | ) | (259 | ) | ||||||||||||
| Services received from National and International Courier | CLP | (382 | ) | (285 | ) | (227 | ) | |||||||||||||||
| Services provided of cargo transport | CLP | (17 | ) | 192 | 30 | |||||||||||||||||
| 65.216.000-K | Viajes Falabella Ltda. | Related director | Chile | Sales commissions | CLP | (761 | ) | (727 | ) | (50 | ) | |||||||||||
| 79.773.440-3 | Transportes San Felipe S.A | Related director | Chile | Services received of transfer of passengers | CLP | - | (84 | ) | (127 | ) | ||||||||||||
| Tickets sales | CLP | 1 | 3 | 7 | ||||||||||||||||||
| 87.752.000-5 | Granja Marina Tornagaleones S.A. | Common shareholder | Chile | Tickets sales | CLP | 72 | 76 | 117 | ||||||||||||||
| Foreign | Consultoría Administrativa Profesional S.A. de C.V. | Associate | Mexico | Professional counseling services received | MXN | (2,357 | ) | (2,563 | ) | (1,191 | ) | |||||||||||
| Foreign | Inversora Aeronáutica Argentina | Related director | Argentina | Leases as lessor | ARS | (251 | ) | (264 | ) | (269 | ) | |||||||||||
| Revenue billboard advertising maintaining | US$ | - | - | 1 | ||||||||||||||||||
| Foreign | TAM Aviação Executiva e Taxi Aéreo S/A | Related director | Brazil | Services provided | BRL | 45 | (120 | ) | (61 | ) | ||||||||||||
| Services received at airports | BRL | (39 | ) | 7 | 5 | |||||||||||||||||
| Foreign | Qatar Airways | Indirect shareholder | Qatar | Services provided by aircraft lease | US$ | 31,707 | - | - | ||||||||||||||
| Interlineal received service | US$ | (2,139 | ) | - | - | |||||||||||||||||
| Interlineal provided service | US$ | 5,279 | - | - | ||||||||||||||||||
| Services provided of handling | US$ | 1,002 | - | - | ||||||||||||||||||
The balances of Accounts receivable and accounts payable to related parties are disclosed in Note 9.
Transactions between related parties have been carried out on free-trade conditions between interested and duly-informed parties.
| (b) | Compensation of key management |
The Company has defined for these purposes that key management personnel are the executives who define the Company’s policies and major guidelines and who directly affect the results of the business, considering the levels of Vice-Presidents, Chief Executives and Directors (Senior).
| For the period ended | ||||||||||||
| December 31, | ||||||||||||
| 2017 | 2016 | 2015 | ||||||||||
| ThUS$ | ThUS$ | ThUS$ | ||||||||||
| Remuneration | 17,826 | 16,514 | 17,185 | |||||||||
| Management fees | 468 | 556 | 547 | |||||||||
| Non-monetary benefits | 740 | 778 | 864 | |||||||||
| Short-term benefits | 36,970 | 23,459 | 19,814 | |||||||||
| Share-based payments | 13,173 | 8,085 | 10,811 | |||||||||
| Total | 69,177 | 49,392 | 49,221 | |||||||||