Form 6-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the Month of February 2017

 

 

KOREA ELECTRIC POWER CORPORATION

(Translation of registrant’s name into English)

 

 

55 Jeollyeok-ro, Naju-si, Jeollanam-do, 58217, Korea

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ☐            No  ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            .

 

 

 


Korea Electric Power Corporation (“KEPCO”) hereby announces its unaudited consolidated and separate results of operation for the fourth quarter and the year ended December 31, 2016 prepared in accordance with Korean International Financial Reporting Standards (K-IFRS) as shown below.

Disclaimer:

The financial information relating to the unaudited consolidated and separate results of operations of KEPCO for the fourth quarter and the year ended December 31, 2016 as presented below (the “Information”) has been prepared by KEPCO based on preliminary estimates and in accordance with K-IFRS. The Information has been neither audited nor reviewed by KEPCO’s independent accountants, KPMG Samjong Accounting Corp., or any other independent public accountants. The Information may differ significantly from the actual results of operations of KEPCO, and accordingly should not be relied upon for investment, including but not limited to purchase of any securities, or for other purposes.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

As of December 31, 2016 and 2015

 

(Unit : in billions of Korean Won)

   2016      2015      Change  

Total Assets

     178,012         175,257         1.6

Total Liabilities

     104,816         107,315         -2.3

Total Equity

     73,196         67,942         7.7

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

For the fourth quarter and the year ended December 31, 2016 and 2015

 

(Unit : in billions of Korean Won)

   2016
Oct.-Dec.
     2015
Oct.-Dec.
     Change     2016
Jan.-Dec.
     2015
Jan.-Dec.
     Change  

Operating revenues

     15,286         14,692         4.0     60,190         58,958         2.1

Operating income (loss)

     1,268         2,679         -52.7     12,002         11,347         5.8

Income (Loss) before income tax

     673         2,390         -71.9     10,706         18,656         -42.6

Net income (loss)

     439         1,575         -72.1     7,308         13,416         -45.5

Net income (loss) attributable to owners of the company

     466         1,554         -70.0     7,241         13,289         -45.5

CONDENSED SEPARATE STATEMENTS OF FINANCIAL POSITION

As of December 31, 2016 and 2015

 

(Unit : in billions of Korean Won)

   2016      2015      Change  

Total Assets

     105,321         106,306         -0.9

Total Liabilities

     49,854         53,125         -6.3

Total Equity

     55,467         53,181         4.3

CONDENSED SEPARATE STATEMENTS OF COMPREHENSIVE INCOME

For the fourth quarter and the year ended December 31, 2016 and 2015

 

(Unit : in billions of Korean Won)

   2016
Oct.-Dec.
     2015
Oct.-Dec.
     Change     2016
Jan.-Dec.
     2015
Jan.-Dec.
     Change  

Operating revenues

     15,334         14,626         4.8     60,290         58,540         3.0

Operating income (loss)

     -61         198         -131.0     4,882         4,425         10.3

Income (Loss) before income tax

     -283         149         -289.6     5,428         13,177         -58.8

Net income (loss)

     -218         174         -225.2     4,262         10,166         -58.1

 

* The figures may not add up to the relevant total numbers due to rounding.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

By:  

/s/ Kim, Jeong-soo

Name: Kim, Jeong-soo
Title: Head of Finance & IR Team

Date: February 6, 2017