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:DisclosureOfOtherAssetsExplanatory

    NOTE 11 - OTHER FINANCIAL ASSETS

     

    The composition of other financial assets is as follows:

     

        Current Assets     Non-current assets     Total Assets  
        As of     As of     As of     As of     As of     As of  
        December 31,     December 31,     December 31,     December 31,     December 31,     December 31,  
        2017     2016     2017     2016     2017     2016  
        ThUS$     ThUS$     ThUS$     ThUS$     ThUS$     ThUS$  
                                         
    (a)      Other financial assets                                                
    Private investment funds     472,232       536,991       -       -       472,232       536,991  
    Deposits in guarantee (aircraft)     15,690       16,819       41,058       56,846       56,748       73,665  
    Guarantees for margins of derivatives     2,197       939       -       -       2,197       939  
    Other investments     -       -       494       522       494       522  
    Domestic and foreign bonds     1,421       -       -       -       1,421       -  
    Other guarantees given     6,031       140,733       46,019       44,757       52,050       185,490  
    Other     -       5,935       -       -       -       5,935  
    Subtotal of other financial assets     497,571       701,417       87,571       102,125       585,142       803,542  
                                                     
    (b)      Hedging assets                                                
                                                     
    Interest accrued since the last payment date                                                
    of Cross currency swap     202       64       -       -       202 64          
    Fair value of interest rate derivatives     3,113       -       -       -       3,113       -  
    Fair value of foreign currency derivatives     48,322       1,259       519       -       48,841       1,259  
    Fair value of fuel price derivatives     10,711       10,088       -       -       10,711       10,088  
    Subtotal of hedging assets     62,348       11,411       519       -       62,867       11,411  
    Total Other Financial Assets     559,919       712,828       88,090       102,125       648,009       814,953  

     

    The types of derivative hedging contracts maintained by the Company at the end of each period are described in Note 19.