SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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 August, 2011

 

 

KOREA ELECTRIC POWER CORPORATION

(Translation of registrant’s name into English)

 

 

167, Samseongdong, Gangnam-gu, Seoul 135-791, 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  x            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   x

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

 

 

 

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This Report of Foreign Private Issuer on Form 6-K is deemed filed for all purposes under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended.

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Korea Electric Power Corporation (“KEPCO”) hereby announces its unaudited consolidated estimated earnings results for the first half of 2010 and 2011 as attached hereto.

Disclaimer:

The financial information relating to the consolidated results of operations of Korea Electric Power Corporation (“KEPCO”) for the first half ended June 30, 2010 and 2011 as presented below (the “Information”) has been prepared by KEPCO based on preliminary internal estimates. The Information has been prepared on a consolidated basis based on Korean IFRS. The Information has neither been audited nor reviewed by KEPCO’s independent accountants, Deloitte Anjin LLC., or any other independent public accountants. The Information may differ significantly from the actual consolidated financial results of operations of KEPCO for the first half ended June 30, 2011, and accordingly should not be relied upon for investment, including but not limited to purchase of any securities, or for other purposes.

Korea Electric Power Corporation

PRELIMINARY CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

For the first half ended June 30, 2010 and 2011

 

(Unit : in billions of Korean Won)		1H 2011				1H 2010				Change
Operating revenues:			19,916				17,776				12.0	%
Sale of electric power			18,812				17,078				10.1	%
Other			1,104				698				58.3	%
Operating expenses:			21,583				18,311				17.9	%
Fuel			10,770				9,087				18.5	%
Maintenance			698				703				-0.7	%
Depreciation			2,913				2,927				-0.5	%
Purchased power			3,663				2,531				44.8	%
Research and development			328				279				17.8	%
Other			3,212				2,785				15.3	%
Other revenues			442				406				8.9	%
Other expenses			78				49				61.3	%
Operating income(loss)			-1,304				-178				-632.6	%
Finance income:			769				470				63.4	%
Interest income			67				58				14.9	%
FX related gain			685				410				67.2	%
Other			17				3				500.0	%
Finance expenses:			1,526				1,485				2.7	%
Interest expense			1,065				974				9.4	%
FX related loss			461				512				-9.9	%
Other			—				—				—	%
Equity income(loss) of affiliates, net			166				88				88.3	%
Gain(Loss) on disposal of affiliates			3				-52				106.2	%
Income(Loss) before income tax			-1,892				-1,157				-63.6	%
Income tax expenses(benefits)			-287				-103				-179.3	%
Net Income(loss)			-1,605				-1,054				-52.3	%
Non controlling interest			31				33				-7.2	%
Controlling interest			-1,636				-1,087				-50.5	%

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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.

 

Date: August 16, 2011