KOREA ELECTRIC POWER CORP | CIK:0000887225 | 3

  • Filed: 4/30/2018
  • Entity registrant name: KOREA ELECTRIC POWER CORP (CIK: 0000887225)
  • Generator: Fujitsu
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/887225/000119312518141125/0001193125-18-141125-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/887225/000119312518141125/kep-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0000887225
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory

    18. Property, Plant and Equipment

     

    (1) Property, plant and equipment as of December 31, 2016 and 2017 are as follows:

     

              2016  
              Acquisition
    cost    		      Government
    grants    		     Accumulated
    depreciation    		     Accumulated
    impairment
    losses(*)    		     Book
    value    		  
              In millions of won  

    Land

    		   ￦       12,969,741        (3,204 )      —         —         12,966,537  

    Buildings

    		       17,722,326        (61,188 )      (5,936,849 )      (853 )      11,723,436  

    Structures

    		       63,291,437        (197,641 )      (19,959,839 )      (1,183 )      43,132,774  

    Machinery

    		       67,769,168        (111,064 )      (24,344,832 )      (2,391 )      43,310,881  

    Ships

    		       4,175        —         (3,625 )      —         550  

    Vehicles

    		       247,751        (107 )      (176,781 )      —         70,863  

    Equipment

    		       1,270,660        (732 )      (894,265 )      —         375,663  

    Tools

    		       921,115        (430 )      (742,083 )      —         178,602  

    Construction-in- progress

    		       27,334,368        (135,807 )      —         (38,108 )      27,160,453  

    Finance lease assets

    		       2,390,779        —         (1,984,426 )      —         406,353  

    Asset retirement costs

    		       7,129,771        —         (3,064,359 )      —         4,065,412  

    Others

    		       10,361,294        —         (8,009,762 )      —         2,351,532  
       

     

     

    		     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  
      ￦       211,412,585        (510,173 )      (65,116,821 )      (42,535 )      145,743,056  
       

     

     

    		     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

      (*) The Company separately recognizes impairment loss on each asset, reflecting various factors such as physical impairment and others during the replacement.

     

              2017  
              Acquisition
    cost    		      Government
    grants    		     Accumulated
    depreciation    		     Accumulated
    impairment
    losses(*)    		     Book
    value    		  
              In millions of won  

    Land

    		   ￦       13,318,542        (21,968 )      —         —         13,296,574  

    Buildings

    		       18,777,678        (63,539 )      (6,722,376 )      (1,776 )      11,989,987  

    Structures

    		       66,184,484        (196,414 )      (22,071,667 )      (8,039 )      43,908,364  

    Machinery

    		       75,826,292        (183,188 )      (28,904,982 )      (45,512 )      46,692,610  

    Ships

    		       4,175        —         (3,772 )      —         403  

    Vehicles

    		       276,425        (6,322 )      (195,260 )      (127 )      74,716  

    Equipment

    		       1,440,870        (761 )      (1,020,192 )      (6 )      419,911  

    Tools

    		       1,010,537        (1,027 )      (809,842 )      (32 )      199,636  

    Construction-in-progress

    		       25,610,649        (49,084 )      —         (38,108 )      25,523,457  

    Finance lease assets

    		       2,390,680        (27 )      (2,093,001 )      —         297,652  

    Asset retirement costs

    		       9,395,821        —         (3,356,337 )      —         6,039,484  

    Others

    		       11,247,021        —         (8,807,401 )      —         2,439,620  
       

     

     

    		     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  
      ￦       225,483,174        (522,330 )      (73,984,830 )      (93,600 )      150,882,414  
       

     

     

    		     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

      (*) The Company separately recognizes impairment loss on each asset, reflecting various factors such as physical impairment and others during the replacement.

     

    (2) Changes in property, plant and equipment for the years ended December 31, 2016 and 2017 are as follows:

     

              2016  
              Beginning
    balance    		     Acquisition     Disposal     Depreciation     Impairment     Others     Ending
    balance    		  
              In millions of won  

    Land

    		   ￦       12,396,460       13,973       (52,569 )      —         —         611,877       12,969,741  

    (Government grants)

    		       (3,147 )      —         14       —         —         (71 )      (3,204 ) 

    Buildings

    		       9,676,432       —         (9,020 )      (676,866 )      —         2,794,078       11,784,624  

    (Government grants)

    		       (63,932 )      —         731       5,299       —         (3,286 )      (61,188 ) 

    Structures

    		       40,258,162       455       (524,310 )      (2,233,333 )      —         5,829,441       43,330,415  

    (Government grants)

    		       (193,119 )      —         2,597       9,491       —         (16,610 )      (197,641 ) 

    Machinery

    		       36,864,749       193,017       (243,757 )      (4,353,596 )      —         10,961,532       43,421,945  

    (Government grants)

    		       (108,935 )      (33 )      1,210       12,272       —         (15,578 )      (111,064 ) 

    Ships

    		       786       —         —         (281 )      —         45       550  

    Vehicles

    		       60,472       2,493       (34 )      (27,615 )      —         35,654       70,970  

    (Government grants)

    		       (29 )      (58 )      —         25       —         (45 )      (107 ) 

    Equipment

    		       310,571       67,134       (323 )      (128,084 )      —         127,097       376,395  

    (Government grants)

    		       (1,026 )      —         —         452       —         (158 )      (732 ) 

    Tools

    		       160,630       27,856       (327 )      (69,842 )      —         60,715       179,032  

    (Government grants)

    		       (691 )      —         —         295       —         (34 )      (430 ) 

    Construction-in-progress

    		       35,267,026       11,752,352       (94,443 )      —         —         (19,628,675 )      27,296,260  

    (Government grants)

    		       (139,898 )      (28,434 )      —         —         —         32,525       (135,807 ) 

    Finance lease assets

    		       511,509       34       (31 )      (96,254 )      —         (8,905 )      406,353  

    Asset retirement costs

    		       4,106,087       —         —         (509,310 )      —         468,635       4,065,412  

    Others

    		       2,259,244       —         (9 )      (813,248 )      —         905,545       2,351,532  
       

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  
      ￦       141,361,351       12,028,789       (920,271 )      (8,880,595 )      —         2,153,782       145,743,056  
       

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

              2017  
              Beginning
    balance    		     Acquisition     Disposal     Depreciation     Impairment(*)     Others     Ending
    balance    		  
              In millions of won  

    Land

    		   ￦       12,969,741       32,773       (8,961 )      —         —         324,989       13,318,542  

    (Government grants)

    		       (3,204 )      —         5       —         —         (18,769 )      (21,968 ) 

    Buildings

    		       11,784,624       40,592       (19,715 )      (794,804 )      (923 )      1,043,752       12,053,526  

    (Government grants)

    		       (61,188 )      (900 )      28       5,996       —         (7,475 )      (63,539 ) 

    Structures

    		       43,330,415       428       (519,366 )      (2,421,168 )      (6,856 )      3,721,325       44,104,778  

    (Government grants)

    		       (197,641 )      —         1,905       10,011       —         (10,689 )      (196,414 ) 

    Machinery

    		       43,421,945       421,892       (242,428 )      (4,821,595 )      (43,121 )      8,139,105       46,875,798  

    (Government grants)

    		       (111,064 )      (10,834 )      489       17,390       —         (79,169 )      (183,188 ) 

    Ships

    		       550       —         —         (147 )      —         —         403  

    Vehicles

    		       70,970       3,447       (174 )      (34,236 )      (127 )      41,158       81,038  

    (Government grants)

    		       (107 )      (107 )      14       1,070       —         (7,192 )      (6,322 ) 

    Equipment

    		       376,395       53,529       (413 )      (158,614 )      (6 )      149,781       420,672  

    (Government grants)

    		       (732 )      (43 )      —         454       —         (440 )      (761 ) 

    Tools

    		       179,032       30,990       (166 )      (74,909 )      (32 )      65,748       200,663  

    (Government grants)

    		       (430 )      —         —         354       —         (951 )      (1,027 ) 

    Construction-in-progress

    		       27,296,260       11,996,508       (6,487 )      —         —         (13,713,740 )      25,572,541  

    (Government grants)

    		       (135,807 )      (42,728 )      —         —         —         129,451       (49,084 ) 

    Finance lease assets

    		       406,353       —         (29,696 )      (107,390 )      —         28,412       297,679  

    (Government grants)

    		       —         —         —         1       —         (28 )      (27 ) 

    Asset retirement costs

    		       4,065,412       —         —         (518,565 )      —         2,492,637       6,039,484  

    Others

    		       2,351,532       10,411       (28 )      (762,711 )      —         840,416       2,439,620  
       

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  
      ￦       145,743,056       12,535,958       (824,993 )      (9,658,863 )      (51,065 )      3,138,321       150,882,414  
       

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

      (*) Korea Midland Power Co., Ltd. and Korea Western Power Co., Ltd., 100% owned subsidiaries, have determined that there are impairment indicators for the shutdowns of certain power generation units and fire, and performed an impairment test over the individual assets. As a result, the Company recognized the amount of the carrying amount in excess of its recoverable amount as impairment loss in the consolidated statements of comprehensive income.