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
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    • ifrs-full:DisclosureOfOtherProvisionsExplanatory

    26. Provisions

     

    (1) Provisions as of December 31, 2016 and 2017 are as follows:

     

                2016      2017  
              Current      Non-current      Current      Non-current  
                In millions of won  

    Employment benefits

    		               

    Provisions for employment benefits

    		    ￦        810,607        —          913,787        —    

    Litigation

    		               

    Litigation provisions

    		         79,359        118,878        48,621        24,955  

    Decommissioning cost

    		               

    Nuclear plants

    		         —          10,195,928        —          13,007,228  

    Spent fuel

    		         —          1,374,225        —          1,339,046  

    Waste

    		         2,566        1,476,936        11,494        1,626,877  

    PCBs

    		         —          191,744        —          180,087  

    Other recovery provisions

    		         —          507        —          6,659  

    Others

    		               

    Power plant regional support program

    		         152,851        —          153,756        —    

    Transmission regional support program

    		         282,608        —          243,365        —    

    Provisions for tax

    		         106        136        61        —    

    Provisions for financial guarantee

    		         458        29,207        —          23,475  

    Provisions for RPS

    		         417,404        —          271,624        —    

    Provisions for greenhouse gas emissions obligations

    		         249,644        —          414,252        —    

    Others

    		         4,385        39,590        80,538        16,387  
         

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  
       ￦        1,999,988        13,427,151        2,137,498        16,224,714  
         

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

     

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

     

              2016  
              Beginning
    balance    		     Increase in
    provision    		     Payment     Reversal     Others     Ending
    balance    		  
              In millions of won  

    Employment benefits

    		              

    Provisions for employment benefits

    		   ￦       718,365       1,047,342       (947,982 )      (7,108 )      (10 )      810,607  

    Litigation

    		              

    Litigation provisions

    		       167,965       124,931       (294,403 )      (20,736 )      220,480       198,237  

    Decommissioning cost

    		              

    Nuclear plants

    		       9,684,286       513,383       (1,741 )      —         —         10,195,928  

    Spent fuel

    		       1,375,185       469,982       (470,942 )      —         —         1,374,225  

    Waste

    		       1,502,140       49,092       (71,998 )      —         268       1,479,502  

    PCBs

    		       182,400       30,675       (21,331 )      —         —         191,744  

    Other recovery provisions

    		       862       —         —         (20 )      (335 )      507  

    Others

    		              

    Power plant regional support program

    		       129,655       50,252       (41,540 )      —         14,484       152,851  

    Transmission regional support program

    		       228,785       253,664       (199,841 )      —         —         282,608  

    Provisions for tax

    		       136       125       —         —         (19 )      242  

    Provisions for financial guarantee

    		       4,288       29,741       —         (4,298 )      (66 )      29,665  

    Provisions for RPS

    		       363,178       420,154       (309,975 )      (55,953 )      —         417,404  

    Provisions for greenhouse gas emissions obligations

    		       78,829       298,618       (116,336 )      (11,467 )      —         249,644  

    Others

    		       7,856       37,491       (2,699 )      (9 )      1,336       43,975  
       

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  
      ￦       14,443,930       3,325,450       (2,478,788 )      (99,591 )      236,138       15,427,139  
       

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

              2017  
              Beginning
    balance    		     Increase in
    provision    		     Payment     Reversal     Others     Ending
    balance    		  
              In millions of won  

    Employment benefits

    		              

    Provisions for employment benefits

    		     ￦       810,607       984,896       (880,255 )      (1,461 )      —         913,787  

    Litigation

    		              

    Litigation provisions

    		       198,237       34,629       (152,461 )      (7,096 )      267       73,576  

    Decommissioning cost

    		              

    Nuclear plants

    		       10,195,928       2,818,033       (6,733 )      —         —         13,007,228  

    Spent fuel

    		       1,374,225       307,682       (342,861 )      —         —         1,339,046  

    Waste

    		       1,479,502       222,632       (63,763 )      —         —         1,638,371  

    PCBs

    		       191,744       5,309       (14,266 )      (2,700 )      —         180,087  

    Other recovery provisions

    		       507       5,939       —         —         213       6,659  

    Others

    		              

    Power plant regional support program

    		       152,851       94,039       (103,889 )      —         10,755       153,756  

    Transmission regional support program

    		       282,608       143,178       (182,421 )      —         —         243,365  

    Provisions for tax

    		       242       —         (25 )      (136 )      (20 )      61  

    Provisions for financial guarantee

    		       29,665       3,760       —         (9,945 )      (5 )      23,475  

    Provisions for RPS

    		       417,404       242,946       (388,726 )      —         —         271,624  

    Provisions for greenhouse gas emissions obligations

    		       249,644       422,666       (256,758 )      (1,300 )      —         414,252  

    Others(*)

    		       43,975       6,639       (3,348 )      (26,477 )      76,136       96,925  
       

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  
        ￦       15,427,139       5,292,348       (2,395,506 )      (49,115 )      87,346       18,362,212  
       

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

    (*) As described in note 50.(1), the Company believes that the possibility of economic outflow is probable on the cost of construction suspension of Shin-Kori Unit 5 and 6 for three months. For this reason, the Company recognized ￦77,261 million of provision as addition to construction-in-progress.