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 February, 2012

 

 

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 fiscal year 2010 and 2011 as attached hereto.

Disclaimer:

The financial information relating to the consolidated results of operations of KEPCO for fiscal year 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 K-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 fiscal year 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 years ended December 31, 2010 and 2011

 

(Unit : in billions of Korean Won)		2011				2010				Change
Operating revenues:			43,532				39,507				10.2	%
Sale of electric power			40,860				37,202				9.8	%
Other			2,672				2,304				16.0	%
Operating expenses:			44,837				37,832				18.5	%
Fuel			21,717				18,505				17.4	%
Purchased power			7,500				5,133				46.1	%
Depreciation			6,125				6,007				2.0	%
Maintenance			1,428				1,345				6.2	%
Commissions			818				850				-3.8	%
Research and development			524				449				16.7	%
Other			6,726				5,543				21.3	%
Other revenues			598				537				11.4	%
Other expenses			144				70				106.8	%
Other Income			166				118				40.2	%
Operating income(loss)			-685				2,260				-130.3	%
Finance income:			608				591				2.7	%
Interest income			292				120				142.2	%
Gain on FX translation and transaction			95				340				-72.1	%
Gain on financial derivatives			202				126				60.1	%
Other			19				4				324.6	%
Finance expenses:			2,519				2,558				-1.5	%
Interest expense			2,124				2,046				3.8	%
Loss on FX translation and transaction			269				190				41.4	%
Loss on financial derivatives			127				323				-60.7	%
Other			—				0.2				-100	%
Equity income(loss) of affiliates, net			120				104				15.7	%
Gain(Loss) on disposal of affiliates			3				-27				109.8	%
Income(Loss) before income tax			-2,473				370				-769.1	%
Income tax expenses(benefits)			820				439				86.9	%
Net Income(loss)			-3,293				-69				-4,660.9	%
Non controlling interest			77				51				52.6	%
Controlling interest			-3,370				-120				-2,710.3	%

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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: February 10, 2012