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:DisclosureOfInvestmentPropertyExplanatory

    19. Investment Properties

     

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

     

               2016  
               Acquisition
    cost    		      Government
    grants    		      Accumulated
    depreciation    		      Book
    value    		  
               In millions of won  

    Land

    		    ￦       336,421        —          —          336,421  

    Buildings

    		        29,168        (64 )       (11,845 )       17,259  
        

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  
       ￦       365,589        (64 )       (11,845 )       353,680  
        

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

     

               2017  
               Acquisition
    cost    		      Government
    grants    		      Accumulated
    depreciation    		      Book
    value    		  
               In millions of won  

    Land

    		    ￦       264,205        —          —          264,205  

    Buildings

    		        36,165        (83 )       (15,573 )       20,509  
        

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  
       ￦       300,370        (83 )       (15,573 )       284,714  
        

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

     

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

     

               2016  
               Beginning
    balance    		      Depreciation      Others      Ending
    balance    		  
               In millions of won  

    Land

    		    ￦       253,960        —          82,461        336,421  

    Buildings

    		        15,963        (679 )       2,039        17,323  

    (Government grants)

    		        (13 )       1        (52 )       (64 ) 
        

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  
       ￦       269,910        (678 )       84,448        353,680  
        

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

     

               2017  
               Beginning
    balance    		      Depreciation      Others      Ending
    balance    		  
               In millions of won  

    Land

    		    ￦       336,421        —          (72,216 )       264,205  

    Buildings

    		        17,323        (1,178 )       4,447        20,592  

    (Government grants)

    		        (64 )       2        (21 )       (83 ) 
        

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  
       ￦       353,680        (1,176 )       (67,790 )       284,714  
        

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

     

    (3) Income and expenses related to investment properties for the years ended December 31, 2016 and 2017 are as follows:

     

               2016      2017  
               In millions of won  

    Rental income

    		    ￦       9,460        9,581  

    Operating and maintenance expenses related to rental income

    		        (678 )       (1,172 ) 
        

     

     

    		     

     

     

    		  
       ￦       8,782        8,409  
        

     

     

    		     

     

     

    		  

     

    (4) Fair value of investment properties as of December 31, 2016 and 2017 are as follows:

     

               2016      2017  
               Book value      Fair value      Book value      Fair value  
               In millions of won  

    Land

    		    ￦       336,421        374,042        264,205        309,241  

    Buildings

    		        17,259        20,708        20,509        23,319  
        

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  
       ￦       353,680        394,750        284,714        332,560  
        

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

    The fair values of the investment properties as of the reporting date were determined in consideration of the fluctuation on the publicly announced individual land price after the IFRS transition date (January 1, 2010).

     

    (5) All of the Company’s investment property is held under freehold interests.