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:DisclosureOfTradeAndOtherPayablesExplanatory

    NOTE 20 - TRADE AND OTHER ACCOUNTS PAYABLES

     

    The composition of Trade and other accounts payables is as follows:

     

        As of     As of  
        December 31,     December 31,  
        2017     2016  
        ThUS$     ThUS$  
                 
    Current                
    (a) Trade and other accounts payables     1,349,201       1,117,926  
    (b) Accrued liabilities at the reporting date     346,001       475,142  
    Total trade and other accounts payables     1,695,202       1,593,068  

     

    (a) Trade and other accounts payable:

     

        As of     As of  
        December 31,     December 31,  
        2017     2016  
        ThUS$     ThUS$  
                 
    Trade creditors     1,096,540       876,163  
    Leasing obligation     4,448       10,446  
    Other accounts payable     248,213       231,317  
    Total     1,349,201       1,117,926  

     

    The details of Trade and other accounts payables are as follows:

     

        As of     As of  
        December 31,     December 31,  
        2017     2016  
        ThUS$     ThUS$  
                 
    Boarding Fee     249,898       170,053  
    Aircraft Fuel     219,601       188,276  
    Suppliers technical purchases     114,690       40,305  
    Airport charges and overflight     106,534       77,484  
    Handling and ground handling     103,784       87,406  
    Other personnel expenses     89,621       81,632  
    Professional services and advisory     81,679       79,270  
    Marketing     75,220       61,053  
    Leases, maintenance and IT services     69,873       44,287  
    Services on board     68,605       44,589  
    Air companies     31,381       21,197  
    Land services     31,151       74,260  
    Maintenance     26,244       25,962  
    Crew     24,163       29,074  
    Achievement of goals     5,732       17,801  
    Communications     5,273       7,500  
    Aviation insurance     5,108       7,694  
    Aircraft and engines leasing     4,285       10,446  
    SEC agreement (*)     -       4,719  
    Others     36,359       44,918  
    Total trade and other accounts payables     1,349,201       1,117,926  

     

    (*) Provision made for payments of fines, on July 25, 2016 LATAM reached agreements with the U.S. Department of Justice ("DOJ") U.S. and the Securities and Exchange Commission ("SEC") both authorities of the United States of America, in force as of this date, regarding the investigation on payments by LAN Airlines S.A. made in 2006-2007 to a consultant who advised on the resolution of labor matters in Argentina. The amount to the SEC agreement is ThUS$ 6,744 plus interests of ThUS$ 2,694.

     

    As of December 31, 2017, the debt was paid in full.

     

    (b) Liabilities accrued:

     

        As of     As of  
        December 31,     December 31,  
        2017     2016  
        ThUS$     ThUS$  
                 
    Accrued personnel expenses     125,246       113,785  
    Aircraft and engine maintenance     92,711       244,949  
    Accounts payable to personnel (*)     99,862       89,523  
    Others accrued liabilities     28,182       26,885  
    Total accrued liabilities     346,001       475,142  

     

    (*) Profits and bonds participation (Note 23 letter b)