| 47. | Related Parties |
| (1) | Related parties of the Company as of December 31, 2017 are as follows: |
|
Type |
Related party | |
|
Parent |
Republic of Korea government | |
|
Subsidiaries (100 subsidiaries) |
Korea Hydro & Nuclear Power Co., Ltd., Korea South-East Power Co., Ltd., Korea Midland Power Co., Ltd., Korea Western Power Co., Ltd., Korea Southern Power Co., Ltd., Korea East-West Power Co., Ltd., KEPCO Engineering & Construction Company, Inc., KEPCO Plant Service & Engineering Co., Ltd., KEPCO Nuclear Fuel Co., Ltd., KEPCO KDN Co., Ltd., Garolim Tidal Power Plant Co., Ltd., Gyeonggi Green Energy Co., Ltd., Korea Offshore Wind Power Co., Ltd., KOSEP Material Co., Ltd., KEPCO International HongKong Ltd., KEPCO International Philippines Inc., KEPCO Philippines Corporation, KEPCO Ilijan Corporation, KEPCO Gansu International Ltd., KEPCO Philippines Holdings Inc., KEPCO Lebanon SARL, KEPCO Neimenggu International Ltd., KEPCO Australia Pty., Ltd., KEPCO Shanxi International Ltd., KOMIPO Global Pte Ltd., KOSEP Australia Pty., Ltd., KOMIPO Australia Pty., Ltd., KOWEPO Australia Pty., Ltd., KOSPO Australia Pty., Ltd., KEPCO Canada Energy Ltd., KEPCO Netherlands B.V., KOREA Imouraren Uranium Investment Corp., KEPCO Middle East Holding Company, Qatrana Electric Power Company, Korea Electric Power Nigeria Ltd., KOWEPO International Corporation, KOSPO Jordan LLC, Korea Waterbury Uranium Limited Partnership, PT. Cirebon Power Service, EWP America Inc., KHNP Canada Energy, Ltd., KEPCO Bylong Australia Pty., Ltd., KNF Canada Energy Limited, KEPCO Holdings de Mexico, KST Electric Power | |
| Company, KEPCO Energy Service Company, KEPCO Netherlands S3 B.V., PT. KOMIPO Pembangkitan Jawa Bali, PT KEPCO Resource Indonesia, EWP (Barbados) 1 SRL, PT. Tanggamus Electric Power, KOMIPO America Inc, KOSEP USA, INC., PT. EWP Indonesia, KEPCO Netherlands J3 B.V., Global One Pioneer B.V., Global Energy Pioneer B.V., Mira Power Limited, EWP Philippines Corporation, KEPCO Singapore Holdings Pte., Ltd., KOWEPO India Private Limited, KEPCO KPS Philippines Corp., KOSPO Chile SpA, PT. KOWEPO Sumsel Operation And Maintenance Services, Commerce and Industry Energy Co., Ltd., Gyeongju Wind Power Co., Ltd., California Power Holdings, LLC, DG Fairhaven Power, LLC, DG Whitefield, LLC, EWP Renewable Corporation, EWPRC Biomass Holdings, LLC, Springfield Power, LLC, HeeMang Sunlight Power Co., Ltd., Fujeij Wind Power Company, KOSPO Youngnam Power Co., Ltd., HI Carbon Professional Private Special Asset Investment Trust 1 (formerly, Global One Carbon Private Equity Investment Trust 2), Chitose Solar Power Plant LLC., Solar School Plant Co., Ltd., KEPCO Energy Solution Co. Ltd., KOSPO Power Services Limitada, KOEN Bylong Pty., Ltd., KOWEPO Bylong Pty., Ltd., KOSPO Bylong Pty., Ltd., EWP Bylong Pty., Ltd., KOWEPO Lao International, KOMIPO Bylong Pty Ltd., Energy New Industry Specialized Investment Private Investment Trust., KEPCO US Inc., KEPCO Alamosa LLC, Cogentrix Solar Services, LLC, Solar Investments I, LLC, Cogentrix of Alamosa, LLC, KEPCO-LG CNS Mangilao Holdings LLC, Mangilao Investment LLC, KEPCO-LG CNS Mangilao Solar, LLC Jeju Hanlim Offshore Wind Co., Ltd., PT, Siborpa Eco Power, e-New Industry LB Fund 1, Songhyun e-New Industry Fund, BSK E-New Industry Fund VII | ||
|
Associates (56 associates) |
Dongducheon Dream Power Co., Ltd., Korea Gas Corporation, SE Green Energy Co., Ltd., Daegu Photovoltaic Co., Ltd., Jeongam Wind Power Co., Ltd., Korea Power Engineering Service Co., Ltd., Heang Bok Do Si Photovoltaic Power Co., Ltd., Korea Electric Power Industrial Development Co., Ltd., Goseong Green Energy Co., Ltd., Gangneung Eco Power Co., Ltd., Shin Pyeongtaek Power Co., Ltd., Naepo Green Energy Co., Ltd., Noeul Green Energy Co., Ltd., YTN Co., Ltd., Cheongna Energy Co., Ltd., Samcheok Eco Materials Co., Ltd., Gangwon Wind Power Co., Ltd., Gwangyang Green Energy Co., Ltd., Hyundai Green Power Co., Ltd., Korea Power Exchange, AMEC Partners Korea Ltd., Hyundai Energy Co., Ltd., Ecollite Co., Ltd., Taebaek Wind Power Co., Ltd., Taeback Guinemi Wind Power Co., Ltd., Pyeongchang Wind Power Co., Ltd., Daeryun Power Co., Ltd., Changjuk Wind Power Co., Ltd., KNH Solar Co., Ltd., S-Power Co., Ltd., Hadong Mineral Fiber Co., Ltd., Green Biomass Co., Ltd., SPC Power Corporation, Gemeng International Energy Co., Ltd., PT. Cirebon Electric Power, KNOC Nigerian East Oil Co., Ltd., KNOC Nigerian West Oil Co., Ltd., PT Wampu Electric Power, PT. Bayan Resources TBK, Nepal Water & Energy Development Company Private Limited, Pioneer Gas Power Limited, Eurasia Energy Holdings, Xe-Pian Xe-Namnoy Power Co., Ltd., PT. Mutiara Jawa, Jinbhuvish Power Generation Pvt. Ltd., Busan Green Energy Co., Ltd., Gunsan Bio Energy Co., Ltd. (formerly, Jungbu Bio Energy Co., Ltd.), Korea Electric Vehicle Charging Service, Ulleungdo Natural Energy Co., Ltd., Korea | |
| Nuclear Partners Co., Ltd., Tamra Offshore Wind Power Co., Ltd., Korea Electric Power Corporation Fund, Energy Infra Asset Management Co., Ltd., Daegu clean Energy Co., Ltd., YaksuESS Co., Ltd, PND solar., Ltd | ||
|
Joint ventures (45 joint ventures) |
Daegu Green Power Co., Ltd., KEPCO SPC Power Corporation, Daejung Offshore Wind Power Co., Ltd., KAPES, Inc., Dangjin Eco Power Co., Ltd., Honam Wind Power Co., Ltd., Seokmun Energy Co., Ltd., Incheon New Power Co., Ltd., Chun-cheon Energy Co., Ltd., Yeonggwangbaeksu Wind Power Co., Ltd., KW Nuclear Components Co., Ltd., KEPCO-Uhde Inc., GS Donghae Electric Power Co., Ltd., Busan Shinho Solar Power Co., Ltd., Global Trade Of Power System Co., Ltd., Expressway Solar-light Power Generation Co., Ltd., Gansu Datang Yumen Wind Power Co., Ltd., Datang Chifeng Renewable Power Co., Ltd., Rabigh Electricity Company, Eco Biomass Energy Sdn. Bhd., Rabigh Operation & Maintenance Company Limited, Datang KEPCO Chaoyang Renewable Power Co., Ltd., Shuweihat Asia Power Investment B.V., Shuweihat Asia Operation & Maintenance Company, Waterbury Lake Uranium L.P., ASM-BG Investicii AD, RES Technology AD, Jamaica Public Service Company Limited, KV Holdings, Inc., Datang Chaoyang Renewable Power Co., Ltd., KODE NOVUS I LLC, KODE NOVUS II LLC, Amman Asia Electric Power Company, Kelar S.A, PT. Tanjung Power Indonesia, Nghi Son 2 Power Ltd., Daehan Wind Power PSC, MOMENTUM, Barakah One Company, Nawah Energy Company, Yeonggwang Wind Power Co., Ltd., Chester Solar IV SpA, Chester Solar V SpA, Diego de Almagro Solar SpA, South Jamaica Power Company Limited | |
|
Others (3 others) |
Korea Development Bank, Yeongwol Energy Station Co., Ltd., DS POWER Co., Ltd. | |
| (2) | Transactions between the Company and its subsidiaries are eliminated during the consolidation and are not disclosed in notes. |
| (3) | Related party transactions for the years ended December 31, 2015, 2016 and 2017 are as follows: |
<Sales and Others>
| Sales and others | ||||||||||||||||||||
|
Company name |
Transaction type | 2015 | 2016 | 2017 | ||||||||||||||||
| In millions of won | ||||||||||||||||||||
|
<Associates> |
||||||||||||||||||||
|
Daegu Green Power Co., Ltd. |
Electricity sales | ￦ | 1,055 | — | — | |||||||||||||||
|
Dongducheon Dream Power Co., Ltd. |
Electricity sales | 14,811 | 15,221 | 17,041 | ||||||||||||||||
|
Korea Gas Corporation |
Electricity sales | 90,480 | 89,030 | 88,011 | ||||||||||||||||
|
Daegu Photovoltaic Co., Ltd. |
Service | — | — | 349 | ||||||||||||||||
|
Jeongam Wind Power Co., Ltd. |
Electricity sales | 8 | 6 | 30 | ||||||||||||||||
|
Korea Power Engineering Service Co., Ltd. |
Service | 1,743 | 1,455 | 1,317 | ||||||||||||||||
|
KS Solar Co., Ltd. |
Electricity sales | 21 | 20 | 5 | ||||||||||||||||
|
Heang Bok Do Si Photovoltaic Power Co., Ltd. |
Service | 1 | 2 | 2 | ||||||||||||||||
|
Korea Electric Power Industrial Development Co., Ltd. |
Service | 12,361 | 10,723 | 14,044 | ||||||||||||||||
|
Goseong Green Energy Co., Ltd. |
Electricity sales | 9,306 | 9,195 | 24,069 | ||||||||||||||||
|
Gangneung Eco Power Co., Ltd. |
Service | 9,761 | 5,223 | 2,391 | ||||||||||||||||
|
Shin Pyeongtaek Power Co., Ltd. |
Electricity sales | 11,344 | 3,579 | 9,025 | ||||||||||||||||
|
Naepo Green Energy Co., Ltd. |
Electricity sales | 66 | 104 | 185 | ||||||||||||||||
|
Noeul Green Energy Co., Ltd. |
Electricity sales | ￦ | 45 | 177 | 32 | |||||||||||||||
|
Samcheok Eco Materials Co., Ltd. |
Electricity sales | — | 64 | 237 | ||||||||||||||||
|
YTN Co., Ltd. |
Electricity sales | 1,753 | 1,785 | 1,987 | ||||||||||||||||
|
Busan Green Energy Co., Ltd. |
Service | 1 | 133 | 120 | ||||||||||||||||
|
Gunsan Bio Energy Co., Ltd. (formerly, Jungbu Bio Energy Co., Ltd.) |
Electricity sales | — | 6 | — | ||||||||||||||||
|
Korea Electric Vehicle Charging Service |
Electricity sales | 2 | 89 | 700 | ||||||||||||||||
|
Ulleungdo Natural Energy Co., Ltd. |
Service | 229 | 691 | 1,013 | ||||||||||||||||
|
Tamra Offshore Wind Power Co., Ltd. |
Service | — | 12 | 55 | ||||||||||||||||
|
Daegu clean Energy Co., Ltd. |
Electricity sales | — | — | 421 | ||||||||||||||||
|
Cheongna Energy Co., Ltd. |
Service | 21,081 | 6,831 | 7,980 | ||||||||||||||||
|
Gangwon Wind Power Co., Ltd. |
Electricity sales | 1,046 | 1,273 | 994 | ||||||||||||||||
|
Hyundai Green Power Co., Ltd. |
Design service | 15,401 | 14,835 | 14,280 | ||||||||||||||||
|
Korea Power Exchange |
Service | 4,272 | 7,141 | 8,446 | ||||||||||||||||
|
Hyundai Energy Co., Ltd. |
Service | 25,402 | 24,719 | 15,627 | ||||||||||||||||
|
Taebaek Wind Power Co., Ltd. |
Service | 872 | 796 | 813 | ||||||||||||||||
|
Pyeongchang Wind Power Co., Ltd. |
Design service | 72 | 497 | 1,176 | ||||||||||||||||
|
Daeryun Power Co., Ltd. |
Electricity sales | 1,731 | 1,516 | 1,796 | ||||||||||||||||
|
Changjuk Wind Power Co., Ltd. |
Electricity sales | 754 | 863 | 788 | ||||||||||||||||
|
KNH Solar Co., Ltd. |
Electricity sales | 17 | 17 | 17 | ||||||||||||||||
|
S-Power Co., Ltd. |
Service | 7,278 | 5,994 | 12,852 | ||||||||||||||||
|
Busan Solar Co., Ltd. |
Electricity sales | 16 | 8 | — | ||||||||||||||||
|
Green Biomass Co., Ltd. |
Electricity sales | 51 | 2 | — | ||||||||||||||||
|
SPC Power Corporation |
Dividend income | 1,433 | 8,346 | 5,562 | ||||||||||||||||
|
Gemeng International Energy Co., Ltd. |
Dividend income | 37,163 | 16,476 | 13,365 | ||||||||||||||||
|
PT. Cirebon Electric Power |
Dividend income | — | — | 550 | ||||||||||||||||
|
Dolphin Property Limited |
Dividend income | — | 35 | — | ||||||||||||||||
|
PT. Bayan Resources TBK |
Service | 164 | 160 | 717 | ||||||||||||||||
|
Nepal Water & Energy Development Company Private Limited |
Service | — | 375 | 900 | ||||||||||||||||
|
Pioneer Gas Power Limited |
Service | 274 | 164 | 62 | ||||||||||||||||
|
Xe-Pian Xe-Namnoy Power Co., Ltd. |
Service | 584 | 773 | 661 | ||||||||||||||||
|
PT. Mutiara Jawa |
Service | — | — | 47 | ||||||||||||||||
|
<Joint ventures> |
||||||||||||||||||||
|
Daegu Green Power Co., Ltd. |
Electricity sales | — | 768 | 1,131 | ||||||||||||||||
|
KEPCO SPC Power Corporation |
Service | 29,572 | 10,344 | 45,005 | ||||||||||||||||
|
Daejung Offshore Wind Power Co., Ltd. |
Electricity sales | 1 | 1 | 1 | ||||||||||||||||
|
KAPES, Inc. |
Commission | 1,315 | 1,176 | 1,420 | ||||||||||||||||
|
Dangjin Eco Power Co., Ltd. |
Technical fee | 334 | 1,787 | 670 | ||||||||||||||||
|
Honam Wind Power Co., Ltd. |
Electricity sales | 65 | 169 | 552 | ||||||||||||||||
|
Seokmun Energy Co., Ltd. |
Service | 2,395 | 1,627 | 1,765 | ||||||||||||||||
|
Incheon New Power Co., Ltd. |
Construction revenue | 388 | 524 | 539 | ||||||||||||||||
|
Chun-cheon Energy Co., Ltd. |
Electricity sales | 2,201 | 3,079 | 4,855 | ||||||||||||||||
|
Yeonggwangbaeksu Wind Power Co., Ltd. |
Electricity sales | 927 | 1,591 | 1,654 | ||||||||||||||||
|
KW Nuclear Components Co., Ltd. |
Service | 1,948 | 3,327 | 644 | ||||||||||||||||
|
KEPCO-Uhde Inc. |
Service | — | 6 | 34 | ||||||||||||||||
|
GS Donghae Electric Power Co., Ltd. |
Electricity sales | 5,614 | 12,994 | 11,204 | ||||||||||||||||
|
Busan Shinho Solar Power Co., Ltd. |
Electricity sales | 24 | 210 | 87 | ||||||||||||||||
|
Datang Chifeng Renewable Power Co., Ltd. |
Interest income | 9,702 | 8,216 | 500 | ||||||||||||||||
|
Rabigh Electricity Company |
Dividend income | 565 | 699 | 19,179 | ||||||||||||||||
|
Rabigh Operation & Maintenance Company Limited |
Dividend income | 1,780 | 2,395 | 2,784 | ||||||||||||||||
|
Datang Chaoyang Renewable Power Co., Ltd. |
Dividend income | ￦ | — | — | 839 | |||||||||||||||
|
Shuweihat Asia Power Investment B.V. |
Dividend income | — | 2,957 | 1,707 | ||||||||||||||||
|
Shuweihat Asia Operation & Maintenance Company |
Electricity sales | 1,006 | 1,179 | 1,319 | ||||||||||||||||
|
ASM-BG Investicii AD |
Service | — | 322 | 1,062 | ||||||||||||||||
|
Jamaica Public Service Company Limited |
Service | 3,077 | 1,905 | — | ||||||||||||||||
|
KV Holdings, Inc. |
Dividend income | — | 302 | — | ||||||||||||||||
|
Datang KEPCO Chaoyang Renewable Co., Ltd. |
Dividend income | — | 440 | — | ||||||||||||||||
|
Amman Asia Electric Power Company |
Service | 48,968 | 21,915 | 14,205 | ||||||||||||||||
|
Kelar S.A |
Service | 6,229 | 1,702 | 570 | ||||||||||||||||
|
Nghi Son 2 Power Ltd. |
Electricity sales | — | — | 2,693 | ||||||||||||||||
|
Barakah One Company |
Electricity sales | — | 25,244 | 7,059 | ||||||||||||||||
|
Nawah Energy Company |
Service | — | — | 34,421 | ||||||||||||||||
|
<Others> |
||||||||||||||||||||
|
Yeongwol Energy Station Co., Ltd. |
Service | 814 | 858 | 830 | ||||||||||||||||
|
DS POWER Co., Ltd. |
Service | 106,183 | 35,133 | 5,819 | ||||||||||||||||
|
Korea Development Bank |
Electricity sales | 4,039 | 3,102 | 3,239 | ||||||||||||||||
| Interest income | 2,402 | 3,164 | 1,685 | |||||||||||||||||
<Purchase and Others>
| Purchase and others | ||||||||||||||||||
|
Company name |
Transaction type |
2015 | 2016 | 2017 | ||||||||||||||
| In millions of won | ||||||||||||||||||
|
<Associates> |
||||||||||||||||||
|
Dongducheon Dream Power Co., Ltd. |
Electricity purchase | ￦ | 1,003,346 | 946,463 | 813,440 | |||||||||||||
|
Korea Gas Corporation |
Purchase of power generation fuel | 4,598,763 | 3,633,198 | 3,245,519 | ||||||||||||||
|
Daegu Photovoltaic Co., Ltd. |
REC purchase | 3,978 | 3,243 | 3,646 | ||||||||||||||
|
Korea Power Engineering Service Co., Ltd. |
Service | 3,241 | 723 | 1,292 | ||||||||||||||
|
KS Solar Co., Ltd. |
REC purchase | 6,211 | 4,080 | 900 | ||||||||||||||
|
Heang Bok Do Si Photovoltaic Power Co., Ltd. |
Rental fee and others | 479 | 410 | 570 | ||||||||||||||
|
Korea Electric Power Industrial Development Co., Ltd. |
Electricity metering service fee |
273,057 | 250,057 | 289,293 | ||||||||||||||
|
Noeul Green Energy Co., Ltd. |
Service | — | — | 15,862 | ||||||||||||||
|
Samcheok Eco Materials Co., Ltd. |
Electricity purchase | — | — | 14 | ||||||||||||||
|
YTN Co., Ltd. |
Advertisement fee | 440 | 554 | 731 | ||||||||||||||
|
Busan Green Energy Co., Ltd. |
Service | — | — | 12,189 | ||||||||||||||
|
Korea Electric Vehicle Charging Service |
Service | — | — | 1,093 | ||||||||||||||
|
Ulleungdo Natural Energy Co., Ltd. |
Electricity purchase | — | 60 | 119 | ||||||||||||||
|
Tamra Offshore Wind Power Co., Ltd. |
Electricity purchase | — | — | 2,105 | ||||||||||||||
|
Cheongna Energy Co., Ltd. |
Service | — | 73 | 59 | ||||||||||||||
|
Gangwon Wind Power Co., Ltd. |
Electricity purchase | 21,946 | 22,780 | 25,968 | ||||||||||||||
|
Hyundai Green Power Co., Ltd. |
Electricity purchase | 486,443 | 469,547 | 458,378 | ||||||||||||||
|
Korea Power Exchange |
Trading Fees | 79,283 | 91,433 | 207,855 | ||||||||||||||
|
Hyundai Energy Co., Ltd. |
Electricity purchase | 1,684 | 1,313 | 87,607 | ||||||||||||||
|
Taebaek Wind Power Co., Ltd. |
REC purchase | 6,626 | 5,741 | 6,534 | ||||||||||||||
|
Pyeongchang Wind Power Co., Ltd. |
Service | — | 1,594 | 4,033 | ||||||||||||||
|
Daeryun Power Co., Ltd. |
Electricity purchase | 274,379 | 244,023 | 146,189 | ||||||||||||||
|
Changjuk Wind Power Co., Ltd. |
Electricity purchase | 6,472 | 5,786 | 6,981 | ||||||||||||||
|
KNH Solar Co., Ltd. |
Electricity purchase | ￦ | 4,598 | 4,006 | 3,947 | |||||||||||||
|
S-Power Co., Ltd. |
Electricity purchase | 614,658 | 437,206 | 457,329 | ||||||||||||||
|
Busan Solar Co., Ltd. |
Electricity purchase | 4,055 | 1,079 | — | ||||||||||||||
|
Green Biomass Co., Ltd. |
Woodchip purchase | 3,782 | 2,232 | 1,345 | ||||||||||||||
|
Nepal Water & Energy Development Company Private Limited |
Service | — | — | 72 | ||||||||||||||
|
<Joint ventures> |
||||||||||||||||||
|
Daegu Green Power Co., Ltd. |
Electricity purchase | 318,221 | 263,797 | 252,024 | ||||||||||||||
|
KAPES, Inc. |
Service | 47,130 | 140,555 | 164,165 | ||||||||||||||
|
Honam Wind Power Co., Ltd. |
Electricity purchase | 5,944 | 6,776 | 5,962 | ||||||||||||||
|
Seokmun Energy Co., Ltd. |
REC purchase | — | — | 21,674 | ||||||||||||||
|
Chun-cheon Energy Co., Ltd. |
REC purchase | — | — | 194,136 | ||||||||||||||
|
Yeonggwangbaeksu Wind Power Co., Ltd. |
Electricity purchase | 4,974 | 11,208 | 11,124 | ||||||||||||||
|
GS Donghae Electric Power Co., Ltd. |
Electricity purchase | — | 903 | 351,367 | ||||||||||||||
|
Busan Shinho Solar Power Co., Ltd. |
REC purchase | 7,565 | 6,770 | 7,984 | ||||||||||||||
|
Global Trade Of Power System Co., Ltd. |
Service | 192 | 882 | 414 | ||||||||||||||
|
Expressway Solar-light Power Generation Co., Ltd. |
Electricity purchase | 3,451 | 2,942 | 2,941 | ||||||||||||||
|
Jamaica Public Service Company Limited |
Service | 106 | 127 | 154 | ||||||||||||||
|
Amman Asia Electric Power Company |
Service | 125 | — | — | ||||||||||||||
|
Barakah One Company |
Service | — | — | 2,631 | ||||||||||||||
|
<Others> |
||||||||||||||||||
|
Yeongwol Energy Station Co., Ltd. |
REC purchase | 16,408 | 14,875 | 14,256 | ||||||||||||||
|
Korea Development Bank |
Interest expense | 21,719 | 8,231 | 4,573 | ||||||||||||||
| Dividend paid | 96,087 | 654,829 | 418,407 | |||||||||||||||
| (4) | Receivables and payables arising from related party transactions as of December 31, 2016 and 2017 are as follows: |
| Receivables | Payables | |||||||||||||||||||||
|
Company name |
Type |
2016 | 2017 | 2016 | 2017 | |||||||||||||||||
| In millions of won | ||||||||||||||||||||||
|
<Associates> |
||||||||||||||||||||||
|
Dongducheon Dream Power Co., Ltd. |
Trade receivables | ￦ | 1,073 | 2,230 | — | — | ||||||||||||||||
| Non-trade receivables and others | — | 655 | — | — | ||||||||||||||||||
| Trade payables | — | — | 93,493 | 77,817 | ||||||||||||||||||
|
Korea Gas Corporation |
Trade receivables | 8,739 | 9,833 | — | — | |||||||||||||||||
| Non-trade receivables and others | 78 | 339 | — | — | ||||||||||||||||||
| Trade payables | — | — | 399,563 | 524,881 | ||||||||||||||||||
| Non-trade payables and others | — | — | 9,090 | 569 | ||||||||||||||||||
|
Daegu Photovoltaic Co., Ltd. |
Trade payables | — | — | 56 | 71 | |||||||||||||||||
|
Jeongam Wind Power Co., Ltd. |
Non-trade payables and others | — | — | 4 | 4 | |||||||||||||||||
|
KS Solar Co., Ltd. |
Trade receivables | 2 | — | — | — | |||||||||||||||||
| Trade payables | — | — | 53 | — | ||||||||||||||||||
|
Korea Electric Power Industrial Development Co., Ltd. |
Trade receivables | 362 | 333 | — | — | |||||||||||||||||
| Non-trade receivables and others | 47 | 42 | — | — | ||||||||||||||||||
| Non-trade payables and others | — | — | 18,628 | 18,006 | ||||||||||||||||||
|
Goseong Green Energy Co., Ltd. |
Non-trade receivables and others | — | 19 | — | — | |||||||||||||||||
| Non-trade payables and others | — | — | 3,900 | 7,140 | ||||||||||||||||||
|
Gangneung Eco Power Co., Ltd. |
Trade receivables | ￦ | 1 | 1 | — | — | ||||||||||||||||
| Non-trade receivables and others | 2,137 | 4,747 | — | — | ||||||||||||||||||
|
Shin Pyeongtaek Power Co., Ltd. |
Non-trade receivables and others | 215 | 210 | — | — | |||||||||||||||||
| Non-trade payables and others | — | — | — | 52 | ||||||||||||||||||
|
Naepo Green Energy Co., Ltd. |
Trade receivables | 14 | 17 | — | — | |||||||||||||||||
|
Noeul Green Energy Co., Ltd. |
Trade receivables | 18 | 3 | — | — | |||||||||||||||||
| Non-trade payables and others | — | — | — | 2,041 | ||||||||||||||||||
|
Samcheok Eco Materials Co., Ltd. |
Trade receivables | 21 | 20 | — | — | |||||||||||||||||
|
YTN Co., Ltd. |
Trade receivables | 165 | 98 | — | — | |||||||||||||||||
| Non-trade payables and others | — | — | 132 | 209 | ||||||||||||||||||
|
Busan Green Energy Co., Ltd. |
Trade receivables | 9 | 7 | — | — | |||||||||||||||||
| Non-trade receivables and others | — | 1,691 | — | — | ||||||||||||||||||
|
Korea Electric Vehicle Charging Service |
Trade receivables | 12 | 23 | — | — | |||||||||||||||||
| Trade payables | — | — | — | 45 | ||||||||||||||||||
|
Ulleungdo Natural Energy Co., Ltd. |
Non-trade receivables and others | 111 | — | — | — | |||||||||||||||||
|
Cheongna Energy Co., Ltd. |
Trade receivables | 165 | 182 | — | — | |||||||||||||||||
| Non-trade payables and others | — | — | 82 | 1 | ||||||||||||||||||
|
Gangwon Wind Power Co., Ltd. |
Trade receivables | 8 | 6 | — | — | |||||||||||||||||
| Trade payables | — | — | 2,031 | 3,033 | ||||||||||||||||||
|
Hyundai Green Power Co., Ltd. |
Trade receivables | 569 | 946 | — | — | |||||||||||||||||
| Trade payables | — | — | 31,507 | 32,589 | ||||||||||||||||||
|
Korea Power Exchange |
Trade receivables | 1,066 | 463 | — | — | |||||||||||||||||
| Non-trade receivables and others | 53 | 128 | — | — | ||||||||||||||||||
| Non-trade payables and others | — | — | 1,235 | 1,142 | ||||||||||||||||||
|
Hyundai Energy Co., Ltd. |
Trade receivables | 72 | 49 | — | — | |||||||||||||||||
| Non-trade receivables and others | 68,798 | 6,598 | — | — | ||||||||||||||||||
| Trade payables | — | — | 86 | 223 | ||||||||||||||||||
| Non-trade payables and others | — | — | — | 13,796 | ||||||||||||||||||
|
Ecollite Co., Ltd. |
Non-trade receivables and others | 210 | 210 | — | — | |||||||||||||||||
|
Taebaek Wind Power Co., Ltd. |
Trade receivables | — | 116 | — | — | |||||||||||||||||
| Non-trade receivables and others | 112 | — | — | — | ||||||||||||||||||
| Trade payables | — | — | 386 | 533 | ||||||||||||||||||
| Non-trade payables and others | — | — | 304 | 121 | ||||||||||||||||||
|
Pyeongchang Wind Power Co., Ltd. |
Trade receivables | 4 | 3 | — | — | |||||||||||||||||
| Non-trade payables and others | — | — | 255 | 163 | ||||||||||||||||||
|
Daeryun Power Co., Ltd. |
Trade receivables | 140 | 162 | — | — | |||||||||||||||||
| Trade payables | — | — | 21,646 | 15,706 | ||||||||||||||||||
|
Changjuk Wind Power Co., Ltd. |
Trade receivables | 100 | 101 | — | — | |||||||||||||||||
| Trade payables | — | — | 358 | 515 | ||||||||||||||||||
| Non-trade payables and others | — | — | 334 | 546 | ||||||||||||||||||
|
KNH Solar Co., Ltd. |
Trade receivables | 1 | 1 | — | — | |||||||||||||||||
| Non-trade payables and others | — | — | 204 | 193 | ||||||||||||||||||
|
S-Power Co., Ltd. |
Trade receivables | 142 | 117 | — | — | |||||||||||||||||
| Non-trade receivables and others | 393 | 5,183 | — | — | ||||||||||||||||||
| Trade payables | — | — | 51,844 | 25,061 | ||||||||||||||||||
|
Green Biomass Co., Ltd. |
Non-trade payables and others | ￦ | — | — | 113 | 85 | ||||||||||||||||
|
SPC Power Corporation |
Non-trade receivables and others | — | 76 | — | — | |||||||||||||||||
|
Nepal Water & Energy Development Company Private Limited |
Non-trade receivables and others | 889 | 227 | — | — | |||||||||||||||||
|
Pioneer Gas Power Limited |
Non-trade receivables and others | 82 | — | — | — | |||||||||||||||||
|
Xe-Pian Xe-Namnoy Power Co., Ltd. |
Non-trade receivables and others | 58 | 53 | — | — | |||||||||||||||||
|
<Joint ventures> |
||||||||||||||||||||||
|
Daegu Green Power Co., Ltd. |
Trade receivables | 52 | 98 | — | — | |||||||||||||||||
| Non-trade receivables and others | 1 | 10 | — | — | ||||||||||||||||||
| Trade payables | — | — | 27,400 | 25,257 | ||||||||||||||||||
|
KEPCO SPC Power Corporation |
Non-trade receivables and others | 2,349 | — | — | — | |||||||||||||||||
|
KAPES, Inc. |
Non-trade receivables and others | 235 | — | — | — | |||||||||||||||||
| Trade payables | — | — | — | 55 | ||||||||||||||||||
| Non-trade payables and others | — | — | 11,992 | — | ||||||||||||||||||
|
Dangjin Eco Power Co., Ltd. |
Non-trade receivables and others | 833 | 1,211 | — | — | |||||||||||||||||
| Non-trade payables and others | — | — | — | 41 | ||||||||||||||||||
|
Honam Wind Power Co., Ltd. |
Trade payables | — | — | 424 | 381 | |||||||||||||||||
| Non-trade payables and others | — | — | 3,082 | 3,013 | ||||||||||||||||||
|
Seokmun Energy Co., Ltd. |
Trade receivables | 114 | 93 | — | — | |||||||||||||||||
| Non-trade receivables and others | 160 | 276 | — | — | ||||||||||||||||||
| Non-trade payables and others | — | — | — | 3,052 | ||||||||||||||||||
|
Incheon New Power Co., Ltd. |
Trade receivables | 128 | 128 | — | — | |||||||||||||||||
|
Chun-cheon Energy Co., Ltd. |
Trade receivables | — | 129 | — | — | |||||||||||||||||
| Non-trade receivables and others | 255 | 252 | — | — | ||||||||||||||||||
| Trade payables | — | — | — | 29,676 | ||||||||||||||||||
|
Yeonggwangbaeksu Wind Power Co., Ltd. |
Trade receivables | 6 | 7 | — | — | |||||||||||||||||
| Non-trade receivables and others | 145 | 144 | — | — | ||||||||||||||||||
| Trade payables | — | — | 761 | 619 | ||||||||||||||||||
| Non-trade payables and others | — | — | 1,362 | 1,300 | ||||||||||||||||||
|
KW Nuclear Components Co., Ltd. |
Trade receivables | — | 4 | — | — | |||||||||||||||||
|
KEPCO-Uhde Inc. |
Non-trade payables and others | — | — | 4 | 4 | |||||||||||||||||
|
GS Donghae Electric Power Co., Ltd. |
Trade receivables | 775 | 450 | — | — | |||||||||||||||||
| Non-trade receivables and others | 1,497 | 1,892 | — | — | ||||||||||||||||||
| Trade payables | — | — | — | 73,570 | ||||||||||||||||||
| Non-trade payables and others | — | — | 993 | — | ||||||||||||||||||
|
Busan Shinho Solar Power Co., Ltd. |
Trade receivables | 3 | 2 | — | — | |||||||||||||||||
| Trade payables | — | — | 129 | 159 | ||||||||||||||||||
| Non-trade payables and others | — | — | 670 | 811 | ||||||||||||||||||
|
Datang Chifeng Renewable Power Co., Ltd. |
Non-trade receivables and others | 210 | 82 | — | — | |||||||||||||||||
|
Rabigh Operation & Maintenance Company Limited |
Trade receivables | 2,275 | — | — | — | |||||||||||||||||
| Non-trade receivables and others | — | 869 | — | — | ||||||||||||||||||
|
ASM-BG Investicii AD |
Non-trade receivables and others | 64 | 37 | — | — | |||||||||||||||||
|
Jamaica Public Service Company Limited |
Trade receivables | 615 | — | — | — | |||||||||||||||||
|
Amman Asia Electric Power Company |
Trade receivables | 2,509 | 2,675 | — | — | |||||||||||||||||
|
Nawah Energy Company |
Trade receivables | — | 10,419 | — | — | |||||||||||||||||
|
<Others> |
||||||||||||||||||||||
|
Yeongwol Energy Station Co., Ltd. |
Trade receivables | 7,064 | 7,068 | — | — | |||||||||||||||||
| Trade payables | — | — | 229 | — | ||||||||||||||||||
|
DS POWER Co., Ltd. |
Trade receivables | 1,775 | 340 | — | — | |||||||||||||||||
|
Korea Development Bank |
Accrued interest income | 672 | 204 | — | — | |||||||||||||||||
| Non-trade receivables and others | 217,481 | 501,029 | — | — | ||||||||||||||||||
| Non-trade payables and others | — | — | 408 | 200 | ||||||||||||||||||
| Derivatives | 25,306 | 569 | 3,278 | 22,398 | ||||||||||||||||||
| (5) | Loans and others arising from related party transactions as of December 31, 2016 and 2017 are as follows: |
|
Type |
Company name |
Beginning balance |
Loans | Collection | Others | Ending balance |
||||||||||||||||||||
| In millions of won | ||||||||||||||||||||||||||
|
Associates |
KNOC Nigerian East Oil Co., Ltd., KNOC Nigerian West Oil Co., Ltd. |
￦ | 29,282 | 169 | — | (3,110 | ) | 26,341 | ||||||||||||||||||
| (Allowance for doubtful accounts) | (18,191 | ) | — | — | 1,640 | (16,551 | ) | |||||||||||||||||||
|
Associates |
PT. Cirebon Electric Power | 26,733 | 2,199 | (7,876 | ) | (5,620 | ) | 15,436 | ||||||||||||||||||
|
Associates |
Xe-Pian Xe-Namnoy Power Co., Ltd. | 1,413 | — | — | — | 1,413 | ||||||||||||||||||||
|
Associates |
PT Wampu Electric Power | 14,022 | 905 | — | (1,639 | ) | 13,288 | |||||||||||||||||||
|
Associates |
Gunsan Bio Energy Co., Ltd. (formerly, Jungbu Bio Energy Co., Ltd.) |
9,396 | — | — | — | 9,396 | ||||||||||||||||||||
|
Associates |
Hyundai Energy Co., Ltd. | 2,465 | — | — | — | 2,465 | ||||||||||||||||||||
| (Allowance for doubtful accounts) | — | — | — | (2,465 | ) | (2,465 | ) | |||||||||||||||||||
|
Joint ventures |
KEPCO SPC Power Corporation | 27,795 | — | (7,803 | ) | (2,743 | ) | 17,249 | ||||||||||||||||||
|
Joint ventures |
Datang Chifeng Renewable Power Co., Ltd. | 16,344 | — | (7,647 | ) | (1,452 | ) | 7,245 | ||||||||||||||||||
|
Joint ventures |
Rabigh Electricity Company | 2,641 | — | (2,496 | ) | (145 | ) | — | ||||||||||||||||||
|
Joint ventures |
KODE NOVUS II LLC | 4,532 | — | — | (514 | ) | 4,018 | |||||||||||||||||||
| (Allowance for doubtful accounts) | (4,532 | ) | — | — | 514 | (4,018 | ) | |||||||||||||||||||
|
Joint ventures |
Kelar S.A | — | 54,631 | (3,568 | ) | (4,443 | ) | 46,620 | ||||||||||||||||||
|
Joint ventures |
Daehan Wind Power PSC | 683 | 640 | — | (112 | ) | 1,211 | |||||||||||||||||||
|
Joint ventures |
Chester Solar IV SpA | — | 4,802 | — | (195 | ) | 4,607 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| ￦ | 112,583 | 63,346 | (29,390 | ) | (20,284 | ) | 126,255 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| (6) | Borrowings arising from related party transactions as of December 31, 2016 and 2017 are as follows: |
|
Related parties |
Type | Beginning balance |
Borrowings | Repayment | Others | Ending balance |
||||||||||||||||||||
| In millions of won | ||||||||||||||||||||||||||
|
Korea Development |
Facility | ￦ | 207,993 | 27,324 | (141,434 | ) | — | 93,883 | ||||||||||||||||||
|
Bank |
Others | 5,663 | — | (754 | ) | — | 4,909 | |||||||||||||||||||
| Operating funds | 37,000 | 49,000 | (25,000 | ) | — | 61,000 | ||||||||||||||||||||
| Syndicated Loan | 6,075 | 11,855 | — | (1,629 | ) | 16,301 | ||||||||||||||||||||
| (7) | Guarantees provided to associates or joint ventures as of December 31, 2017 are as follows: |
|
Primary guarantor |
Principal obligor |
Type of guarantees |
Credit limit |
Guarantee | ||||||
| In millions of won and thousands of foreign currencies | ||||||||||
|
Korea Electric Power Corporation |
Shuweihat Asia Operation & Maintenance Company |
Performance guarantees |
|
USD 11,000 |
|
SAPCO | ||||
|
Korea Electric Power Corporation |
KNOC Nigerian East Oil Co., Ltd. and KNOC Nigerian West Oil Co., Ltd. |
Performance guarantees |
|
USD 34,650 |
|
Korea National Oil Corporation (Nigerian government) | ||||
|
Korea Electric Power Corporation |
Rabigh Operation & Maintenance Company Limited |
Performance guarantees and others |
|
USD 1,387 |
|
RABEC | ||||
|
Korea Electric Power Corporation |
Nghi Son 2 Power Ltd. |
Bidding guarantees |
|
USD 10,000 |
|
SMBC Ho Chi Minh | ||||
|
Korea Electric Power Corporation |
Barakah One Company |
Debt guarantees |
|
USD 900,000 |
|
Export-Import Bank of Korea and others | ||||
| Performance guarantees and others | USD 3,404,275 | |||||||||
|
Korea Western Power Co., Ltd. |
Cheongna Energy Co., Ltd. |
Collateralized money invested |
|
KRW 27,211 |
|
KEB Hana Bank and others | ||||
| Guarantees for supplemental funding and others (*1) | — | |||||||||
|
Korea Western Power Co., Ltd. |
Xe-Pian Xe-Namnoy Power Co., Ltd. |
Payment guarantees for business reserve |
|
USD 2,500 |
|
Krung Thai Bank | ||||
| Collateralized money invested | USD 62,253 | Krung Thai Bank | ||||||||
| Impounding bonus guarantees | USD 5,000 | SK E&C | ||||||||
|
Korea Western Power Co., Ltd. |
Rabigh Operation & Maintenance Company Limited |
Performance guarantees and others |
|
SAR 5,600 |
|
Saudi Arabia British Bank | ||||
|
Korea Western Power Co., Ltd. |
Daegu Photovoltaic Co., Ltd. |
Collateralized money invested |
|
KRW 1,230 |
|
Korea Development Bank | ||||
|
Korea Western Power Co., Ltd. |
Dongducheon Dream Power Co., Ltd. |
Collateralized money invested |
|
KRW 53,233 |
|
Kookmin Bank and others | ||||
|
Korea Western Power Co., Ltd. |
PT. Mutiara Jawa | Collateralized money invested |
|
USD 2,610 |
|
Woori Bank | ||||
|
Korea Western Power Co., Ltd. |
Heang Bok Do Si Photovoltaic Power Co., Ltd. |
Collateralized money invested |
|
KRW 194 |
|
Nonghyup Bank | ||||
|
Korea Western Power Co., Ltd. |
Shin Pyeongtaek Power Co., Ltd. |
Collateralized money invested |
|
KRW 43,920 |
|
Kookmin Bank | ||||
|
Korea East-West Power Co., Ltd. |
Busan Shinho Solar Power Co., Ltd. |
Collateralized money invested |
|
KRW 2,100 |
|
Korea Development Bank and others | ||||
|
Korea East-West Power Co., Ltd. |
Seokmun Energy Co., Ltd. |
Collateralized money invested |
|
KRW 15,370 |
|
Kookmin Bank and others | ||||
|
Korea East-West Power Co., Ltd. |
Chun-cheon Energy Co., Ltd. |
Collateralized money invested |
|
KRW 52,700 |
|
Kookmin Bank and others | ||||
| Guarantees for supplemental funding(*1) | KRW 60,270 | Kookmin Bank and others | ||||||||
|
Korea East-West Power Co., Ltd. |
Honam Wind Power Co., Ltd. |
Collateralized money invested |
|
KRW 3,480 |
|
Shinhan Bank and others | ||||
|
Korea East-West Power Co., Ltd. |
GS Donghae Electric Power Co., Ltd. |
Collateralized money invested |
|
KRW 204,000 |
|
Korea Development Bank and others | ||||
|
Korea East-West Power Co., Ltd. |
Yeonggwangbaeksu Wind Power Co., Ltd. |
Collateralized money invested |
|
KRW 3,000 |
|
Kookmin Bank and others | ||||
|
Korea East-West Power Co., Ltd. |
Yeonggwang Wind Power Co., Ltd. |
Collateralized money invested |
|
KRW 15,375 |
|
KEB Hana Bank and others | ||||
|
Korea East-West Power Co., Ltd. |
PT. Tanjung Power Indonesia |
Debt guarantees |
|
USD 46,983 |
|
The Bank of Tokyo-Mitsubishi and others | ||||
| Other guarantees | USD 3,150 | PT Adaro Indonesia | ||||||||
|
EWP Barbados 1 SRL |
South Jamaica Power Company Limited |
Performance guarantees |
|
USD 14,400 |
|
Societe Generale | ||||
| Guarantees for supplemental funding and others(*1, 3) | USD 60,000 | JCSD Trustee Services Limited and others | ||||||||
|
Korea Southern Power Co., Ltd. |
KNH Solar Co., Ltd. |
Collateralized money invested |
|
KRW 1,296 |
|
Shinhan Bank and Kyobo Life Insurance Co., Ltd. | ||||
| Performance guarantees and guarantees for supplemental funding and others(*1) | — | |||||||||
|
Korea Southern Power Co., Ltd. |
Daeryun Power Co., Ltd. |
Collateralized money invested |
|
KRW 25,477 |
|
Korea Development Bank and others | ||||
| Guarantees for supplemental funding and others(*1) | — | |||||||||
|
Korea Southern Power Co., Ltd. |
Changjuk Wind Power Co., Ltd. |
Collateralized money invested |
|
KRW 3,801 |
|
Shinhan Bank | ||||
| Guarantees for supplemental funding(*1) | — | |||||||||
|
Korea Southern Power Co., Ltd. |
Daegu Green Power Co., Ltd. |
Collateralized money invested |
|
KRW 46,226 |
|
Shinhan Bank | ||||
|
Korea Southern Power Co., Ltd. |
Kelar S.A |
Performance guarantees |
|
USD 63,707 |
|
KEB Hana Bank, SMBC, Mizuho Bank and others | ||||
|
Korea Southern Power Co., Ltd. |
DS POWER Co., Ltd. |
Collateralized money invested |
|
KRW 2,900 |
|
Korea Development Bank and others | ||||
| Guarantees for supplemental funding and others(*1) | — | |||||||||
|
Korea Southern Power Co., Ltd. |
Pyeongchang Wind Power Co., Ltd. |
Collateralized money invested |
|
KRW 3,875 |
|
Woori Bank and Shinhan Bank | ||||
| Performance guarantees and guarantees for supplemental funding and others(*1) | — | |||||||||
|
Korea Southern Power Co., Ltd. |
Taebaek Wind Power Co., Ltd. |
Guarantees for supplemental funding and others(*1) |
|
— |
|
Shinhan Bank | ||||
|
Korea Southern Power Co., Ltd. |
Jeongam Wind Power Co., Ltd | Collateralized money invested Guarantees for supplemental funding and others (*1) | |
KRW 5,580 — |
|
SK Securities Co., Ltd. | ||||
|
Korea Southern Power Co., Ltd. |
Naepo Green Energy Co., Ltd. | KRW 29,200 | Hana Financial Investment Co., Ltd. and others | |||||||
| Guarantees for supplemental funding and others (*1) | — | |||||||||
|
KEPCO Engineering & Construction Company, Inc. |
DS POWER Co., Ltd. |
Collateralized money invested |
|
KRW 15,000 |
|
Korea Development Bank and others | ||||
|
Korea Midland Power Co., Ltd. |
Hyundai Green Power Co., Ltd. |
Collateralized money invested |
|
KRW 87,003 |
|
Korea Development Bank and others | ||||
| Guarantees for supplemental funding and others (*1) | — | |||||||||
|
Korea Midland Power Co., Ltd. |
PT. Cirebon Electric Power |
Debt guarantees |
|
USD 11,550 |
|
Mizuho Bank | ||||
|
Korea Midland Power Co., Ltd. |
PT Wampu Electric Power |
Debt guarantees |
|
USD 5,068 |
|
SMBC | ||||
|
Korea Midland Power Co., Ltd. |
Gangwon Wind Power Co., Ltd. |
Collateralized money invested |
|
KRW 7,409 |
|
IBK and others | ||||
|
Korea Midland Power Co., Ltd. |
YaksuESS Co., Ltd
|
Collateralized money invested |
|
KRW 210 |
|
Hanwha Life Insurance Co., Ltd. | ||||
| Guarantees for supplemental funding and others (*1) | — | |||||||||
|
Korea South-East Power Co., Ltd. |
Hyundai Energy Co., Ltd. |
Collateralized money invested |
|
KRW 47,067 |
|
Korea Development Bank and others | ||||
| Performance guarantees and guarantees for supplemental funding and others (*1) | KRW 78,600 | |||||||||
|
Korea South-East Power Co., Ltd. |
RES Technology AD
|
Collateralized money invested |
|
KRW 15,595 |
|
UniCredit Bulbank and others | ||||
|
Korea South-East Power Co., Ltd. |
ASM-BG Investicii AD |
Collateralized money invested |
|
KRW 16,101 |
|
UniCredit Bulbank and others | ||||
|
Korea South-East Power Co., Ltd. |
Express Solar-light Power Generation Co., Ltd. |
Guarantees for supplemental funding (*1, 2) |
|
KRW 2,500 |
|
Woori Bank | ||||
|
Korea South-East Power Co., Ltd. |
S-Power Co., Ltd.
|
Collateralized money invested |
|
KRW 132,300 |
|
Korea Development Bank and others | ||||
|
KOSEP USA, INC. |
KODE NOVUS II LLC | Guarantees for supplemental funding and others (*1) | — | Korea Development Bank | ||||||
|
KOSEP USA, INC. |
KODE NOVUS I LLC | Guarantees for supplemental funding and others (*1) | — | Export-Import Bank of Korea and others | ||||||
|
Korea Hydro & Nuclear Power Co., Ltd. |
Yeongwol Energy Station Co., Ltd. |
Collateralized money invested |
|
KRW 1,400 |
|
Meritz Fire & Marine Insurance Co., Ltd. | ||||
|
Korea Hydro & Nuclear Power Co., Ltd. |
Noeul Green Energy Co., Ltd., |
Collateralized money invested |
|
KRW 1,740 |
|
KEB Hana Bank and others | ||||
|
Korea Hydro & Nuclear Power Co., Ltd. |
Busan Green Energy Co., Ltd. |
Collateralized money invested |
|
KRW 5,243 |
|
Shinhan Bank and others | ||||
|
KEPCO Plant Service & Engineering Co., Ltd.
|
Incheon New Power Co., Ltd.
|
Collateralized money invested |
|
KRW 8,160
|
|
Shinhan Bank | ||||
| Guarantees for supplemental funding and others (*1) | — | |||||||||
| (*1) | The Company guarantees to provide supplemental funding for business with respect to excessive business expenses or insufficient repayment of borrowings. |
| (*2) | The Company has granted the right to Hana Financial Investment Co., Ltd., as an agent for the creditors to Express Solar-light Power Generation Co., Ltd. (“ESPG”), to the effect that in the event of acceleration of ESPG’s payment obligations under certain borrowings to such creditors, Hana Financial may demand the Company to dispose of shares in ESPG held by the Company and apply the resulting proceeds to repayment of ESPG’s obligations. |
| (*3) |
This includes a guarantee for the shareholder’s capital payment in connection with the business of 190MW gas complex thermal power plant in Jamaica. EWP (Barbados) 1 SRL’s capital contribution amount is USD 6,400 thousand and the total amount of guarantees is USD 27,000 thousand which consists of USD 12,000 thousand of EWP (Barbados) 1 SRL’s contribution obligation and USD 15,000 thousand of SJEH’s portion (50%) of contribution obligation. |
| (8) | As of December 31, 2017, there is no financial guarantee contract provided by related parties. |
| (9) | Derivatives transactions with related parties as of December 31, 2017 are as follows: |
| (i) | Currency Swap |
|
In millions of won and thousands of U.S. dollars |
|
|||||||||||||||||||||||||||||||
|
Counterparty |
Contract year |
Contract Amount |
Contract interest rate per annum |
Contract exchange rate |
||||||||||||||||||||||||||||
| Pay | Receive | Pay (%) | Receive (%) | |||||||||||||||||||||||||||||
|
Korea Development Bank |
2016~2019 | ￦ | 105,260 | USD 100,000 | 2.48 | % | 2.38 | % | ￦ | 1,052.60 | ||||||||||||||||||||||
| 2015~2025 | 111,190 | USD 100,000 | 2.62 | % | 3.25 | % | 1,111.90 | |||||||||||||||||||||||||
| 2017~2027 | 111,610 | USD 100,000 | 2.31 | % | 3.13 | % | 1,116.10 | |||||||||||||||||||||||||
| 2017~2020 | 114,580 | USD 100,000 | 1.75 | % | 2.38 | % | 1,145.80 | |||||||||||||||||||||||||
| 2016~2021 | 121,000 | USD 100,000 | 2.15 | % | 2.50 | % | 1,210.00 | |||||||||||||||||||||||||
| 2017~2022 | 113,300 | USD 100,000 | 1.94 | % | 2.63 | % | 1,133.00 | |||||||||||||||||||||||||
| (ii) | Currency forward |
|
In millions of won and thousands of foreign currencies |
|
|||||||||||||||||||||||||||
|
Counterparty |
Contract Date |
Maturity date |
Contract amounts | Contract exchange rate |
||||||||||||||||||||||||
| Pay | Receive | |||||||||||||||||||||||||||
|
Korea Development Bank |
2017.12.27 | 2021.07.12 | ￦ | 104,849 | USD 100,000 | ￦ | 1,048.49 | |||||||||||||||||||||
| 2017.12.14 | 2018.01.10 | 11,950 | USD 11,000 | 1,086.35 | ||||||||||||||||||||||||
| 2017.12.20 | 2018.01.16 | 15,130 | USD 14,000 | 1,080.70 | ||||||||||||||||||||||||
| 2017.12.28 | 2018.01.31 | 11,782 | USD 11,000 | 1,071.10 | ||||||||||||||||||||||||
| (10) | Salaries and other compensations to the key members of management of the Company for the years ended December 31, 2015, 2016 and 2017 are as follows: |
|
Type |
2015 | 2016 | 2017 | |||||||||||||
| In millions of won | ||||||||||||||||
|
Salaries |
￦ | 1,271 | 1,463 | 1,271 | ||||||||||||
|
Employee benefits |
59 | 33 | 54 | |||||||||||||
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| ￦ | 1,330 | 1,496 | 1,325 | |||||||||||||
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