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 January, 2011

 

 

KOREA ELECTRIC POWER CORPORATION

(Translation of registrant’s name into English)

 

 

411, Yeongdong-daero, 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.

Korea Electric Power Corporation (“KEPCO”) hereby announces its unaudited non-consolidated estimated earnings results for fiscal year 2009 and 2010 as attached hereto.

Disclaimer:

The financial information relating to the non-consolidated results of operations of Korea Electric Power Corporation (“KEPCO”) for fiscal year 2009 and 2010 as presented below (the “Information”) has been prepared by KEPCO based on preliminary internal estimates. The Information has been prepared on a non-consolidated basis based on Korean GAAP. 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 non-consolidated financial results of operations of KEPCO for fiscal year 2010, 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 NON-CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

For the years ended December 31, 2009 and 2010

 

(Unit : in billions of Korean Won)		2010				2009				Change
Operating revenues:			39,190				33,686				16.3	%
Sale of electric power			37,684				33,226				13.4	%
Other operating revenues			477				384				24.2	%
Revenues for other businesses			1,029				76				1253.9	%
Operating expenses:			40,977				34,255				19.6	%
Purchased power			34,493				28,473				21.1	%
Maintenance			695				855				(18.8	)%
Depreciation			2,047				2,009				1.9	%
Other operating expenses			3,079				2,862				7.6	%
Expenses for other businesses			663				56				1,083.8	%
Operating income			(1,787	)			(569	)			(214.3	)%
Non-operating income:			3,129				2,304				35.8	%
Gain on foreign currency transactions and translation			173				246				(29.8	)%
Investment income from affiliates			2,447				1,581				54.8	%
Other			509				477				6.8	%
Non-operating expenses:			1,494				1,856				(19.5	)%
Interest expenses			1,122				988				13.5	%
Loss on foreign currency transactions and translation			89				520				(82.9	)%
Investment loss from affiliates			57				67				(14.3	)%
Other			226				281				(19.7	)%
Earnings before taxes			(152	)			(121	)			(26.5	)%
Provision for income taxes			(83	)			(43	)			(94.4	)%
Net income			(69	)			(78	)			10.8	%

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: January 31, 2011