LATAM AIRLINES GROUP S.A. | CIK:0001047716 | 3

  • Filed: 4/5/2018
  • Entity registrant name: LATAM AIRLINES GROUP S.A. (CIK: 0001047716)
  • Generator: S2 Filings
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1047716/000161577418002424/0001615774-18-002424-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1047716/000161577418002424/ltm-20171231.xml
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    • ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory

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

     

    a) Participation rate

     

                    As December 31, 2017     As December 31, 2016     As December 31, 2015  
            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       99.0100       0.9900       100.0000       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  
    Foreign   Lan Chile Investments Limited and Subsidiary   Cayman Ins land   US$     0.0000       0.0000       0.0000       0.0000       0.0000       0.0000       99.9900       0.0100       100.0000  
    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  
    Foreign   Aircraft International Leasing Limited   U.S.A.   US$     0.0000       0.0000       0.0000       0.0000       0.0000       0.0000       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  
    96.631.410-9   Ladeco Cargo S.A.   Chile   CLP     0.0000       0.0000       0.0000       0.0000       0.0000       0.0000       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 Ins land   US$     100.0000       0.0000       100.0000       0.0000       0.0000       0.0000       0.0000       0.0000       0.0000  
    Foreign   Peuco Finance Limited   Cayman Ins land   US$     100.0000       0.0000       100.0000       0.0000       0.0000       0.0000       0.0000       0.0000       0.0000  
    Foreign   Profesional Airline Services INC.   U.S.A.   US$     100.0000       0.0000       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  
     
    (*) In June 2016, Lantours Division de Servicios Terrestres S.A. changes its name to Latam Travel Chile S.A.

     

    (**) As of December 31, 2017, indirect ownership participation on TAM S.A and subsidiaries is from Holdco I S.A., LATAM is entitled to 99,9983% of the economic rights and 49% of the rights politicians product of provisional measure No. 714 of the Brazilian Government implemented during 2016 which allows foreign capital to have up to 49% of the property.

     

    Thus, since April 2016, LATAM Airlines Group S.A. owns 901 voting shares of Holdco I S.A., equivalent to 49% of the total shares with voting rights of said company and TEP Chile S.A. owns 938 voting shares of Holdco I S.A., equivalent to 51% of the total voting shares of that company.

     

    b) Financial Information

     

            Statement of financial position     Net Income  
                                                                  For the periods ended  
                              December 31,  
            As of December 31, 2017     As of December 31, 2016     As of December 31, 2015     2017     2016     2015  
    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 TravelChile S.A. and Subsidary (*)     6,771       2,197       4,574       5,468       2,727       2,741       5,613       5,522       91       1,833       2,650       2,341  
    96.763.900-1   Inmobiliaria Aeronáutica S.A.     -       -       -       36,756       8,843       27,913       39,302       14,832       24,470       -       3,443       1,404  
    96.969.680-0   Lan PaxGroup S.A. and Subsidiaries (**)     499,345       1,101,548       (596,406 )     475,763       1,045,761       (561,472 )     519,663       1,049,232       (521,907 )     (35,943 )     (36,331 )     (35,187 )
    Foreign   Lan Perú S.A.     315,607       303,204       12,403       306,111       294,912       11,199       255,691       240,938       14,753       1,205       (2,164 )     5,068  
    Foreign   Lan Chile Investments Limited and Subsidiary (**)     -       -       -       -       -       -       2,015       13       2,002       -       23       (13 )
    93.383.000-4   Lan Cargo S.A.     584,169       371,934       212,235       480,908       239,728       241,180       483,033       217,037       265,966       (30,220 )     (24,813 )     (74,408 )
    Foreign   Connecta Corporation     38,735       17,248       21,487       31,981       23,525       8,456       37,070       38,298       (1,228 )     13,013       9,684       194  
    Foreign   Prime Airport Services Inc. and Subsidary (**)     12,671       15,722       (3,051 )     7,385       11,294       (3,909 )     6,683       11,180       (4,497 )     857       588       279  
    96.951.280-7   Transporte Aéreo S.A.     324,498       104,357       220,141       340,940       124,805       216,135       331,117       122,666       208,451       2,172       8,206       5,878  
    Foreign   Aircraft International Leasing Limited                             -       -       -       -       4       (4 )     -       9       (4 )
    96.631.520-2   Fast Air Almacenes de Carga S.A.     12,931       4,863       8,068       10,023       3,645       6,378       8,985       4,641       4,344       939       1,717       1,811  
    Foreign   Laser Cargo S.R.L.     18       27       (9 )     21       32       (11 )     27       39       (12 )     2       (1 )     69  
    Foreign   Lan Cargo Overseas Limited and Subsidiaries (**)     66,039       42,271       18,808       54,092       35,178       15,737       62,406       43,759       15,563       3,438       176       3,344  
    96.969.690-8   Lan Cargo Inversiones S.A. and Subsidary (**)     144,884       156,005       (10,112 )     80,644       95,747       (13,506 )     54,179       68,220       (12,601 )     3,389       (910 )     113  
    96.575.810-0   Inversiones Lan S.A. and Subsidiaries (**)     11,681       5,201       6,377       10,971       6,452       4,452       16,512       14,676       1,828       1,561       2,549       2,772  
    96.847.880-K   Technical Trainning LATAM S.A.     1,967       367       1,600       1,745       284       1,461       1,527       266       1,261       109       73       (72 )
    Foreign   Latam Finance Limited     678,289       708,306       (30,017 )     -       -       -       -       -       -       (30,017 )     -       -  
    Foreign   Peuco Finance Limited     608,191       608,191       -       -       -       -       -       -       -       -       -       -  
    Foreign   Profesional Airline Services INC.     3,703       3,438       265       -       -       -       -       -       -       294       -       -  
    Foreign   TAM S.A. and Subsidiaries (**)     4,490,714       3,555,423       856,829       5,287,286       4,710,308       495,562       4,969,553       4,199,223       423,190       160,582       2,107       (183,581 )

     

    (*) In June 2016, Lantours Division of Terrestrial Services S.A. changed its name to Latam Travel Chile S.A.

     

    (**) The Equity reported corresponds to Equity attributable to owners of the parent, it does not include Non-controlling interest.