KOREA ELECTRIC POWER CORP | CIK:0000887225 |

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

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ifrs-full:DisclosureOfFinancialInstrumentsExplanatory

5.	Classification of Financial Instruments

(1)

Classification of financial assets as of December 31, 2016 and 2017 are as follows:


		2016
		Financial assets at fair value through profit or loss		Loans and receivables		Available-for-sale financial assets		Held-to-maturity investments		Derivative assets (using hedge accounting)		Total
		In millions of won
Current assets
Cash and cash equivalents	￦		—		3,051,353		—		—		—		3,051,353
Current financial assets
Held-to-maturity investments			—		—		—		114		—		114
Derivative assets			79,709		—		—		—		113,574		193,283
Other financial assets			—		2,478,592		—		—		—		2,478,592
Trade and other receivables			—		7,788,876		—		—		—		7,788,876

			79,709		13,318,821		—		114		113,574		13,512,218

Non-current assets
Non-current financial assets
Available-for-sale financial assets			—		—		1,014,732		—		—		1,014,732
Held-to-maturity investments			—		—		—		3,130		—		3,130
Derivative assets			287,768		—		—		—		300,323		588,091
Other financial assets			—		1,051,541		—		—		—		1,051,541
Trade and other receivables			—		1,903,515		—		—		—		1,903,515

			287,768		2,955,056		1,014,732		3,130		300,323		4,561,009

	￦		367,477		16,273,877		1,014,732		3,244		413,897		18,073,227


		2017
		Financial assets at fair value through profit or loss		Loans and receivables		Available-for-sale financial assets		Held-to-maturity investments		Derivative assets (using hedge accounting)		Total
		In millions of won
Current assets
Cash and cash equivalents	￦		—		2,369,739		—		—		—		2,369,739
Current financial assets
Held-to-maturity investments			—		—		—		5		—		5
Derivative assets			12,923		—		—		—		12		12,935
Other financial assets			—		1,945,417		—		—		—		1,945,417
Trade and other receivables			—		7,928,972		—		—		—		7,928,972

			12,923		12,244,128		—		5		12		12,257,068

Non-current assets
Non-current financial assets
Available-for-sale financial assets			—		—		699,833		—		—		699,833
Held-to-maturity investments			—		—		—		3,139		—		3,139
Derivative assets			9,097		—		—		—		10,594		19,691
Other financial assets			111,512		1,204,738		—		—		—		1,316,250
Trade and other receivables			—		1,754,797		—		—		—		1,754,797

			120,609		2,959,535		699,833		3,139		10,594		3,793,710

	￦		133,532		15,203,663		699,833		3,144		10,606		16,050,778

(2)

Classification of financial liabilities as of December 31, 2016 and 2017 are as follows:


		2016
		Financial liabilities at fair value through profit or loss		Financial liabilities recognized at amortized cost		Derivative liabilities (using hedge accounting)		Total
		In millions of won
Current liabilities
Borrowings	￦		—		1,115,521		—		1,115,521
Debt securities			—		7,823,557		—		7,823,557
Derivative liabilities			3,251		—		—		3,251
Trade and other payables			—		5,585,411		—		5,585,411

			3,251		14,524,489				14,527,740

Non-current liabilities
Borrowings			—		1,773,891		—		1,773,891
Debt securities			—		42,926,236		—		42,926,236
Derivative liabilities			18,278		—		117,157		135,435
Trade and other payables			—		3,558,175		—		3,558,175

			18,278		48,258,302		117,157		48,393,737

	￦		21,529		62,782,791		117,157		62,921,477


		2017
		Financial liabilities at fair value through profit or loss		Financial liabilities recognized at amortized cost		Derivative liabilities (using hedge accounting)		Total
		In millions of won
Current liabilities
Borrowings	￦		—		1,165,985		—		1,165,985
Debt securities			—		7,957,300		—		7,957,300
Derivative liabilities			51,090		—		20,177		71,267
Trade and other payables			—		5,999,521		—		5,999,521

			51,090		15,122,806		20,177		15,194,073

Non-current liabilities
Borrowings			—		2,434,624		—		2,434,624
Debt securities			—		43,189,483		—		43,189,483
Derivative liabilities			99,839		—		256,953		356,792
Trade and other payables			—		3,223,480		—		3,223,480

			99,839		48,847,587		256,953		49,204,379

	￦		150,929		63,970,393		277,130		64,398,452

(3)

Classification of comprehensive income (loss) from financial instruments for the years ended December 31, 2015, 2016 and 2017 are as follows:


			2015			2016			2017
			In millions of won
Cash and cash equivalents	Interest income	￦		54,687			61,380			35,474
Available-for-sale financial assets	Dividends income			14,069			9,446			11,477
	Impairment loss on available-for-sale financial assets			(84,370	)		(86,703	)		(2,713	)
	Gain (loss) on disposal of available-for-sale financial assets			(3,004	)		1,473			(1,213	)
	Interest income			29			—			—
Held-to-maturity investments	Interest income			99			97			82
Loans and receivables	Interest income			28,586			25,106			30,014
Trade and other receivables	Interest income			100,771			102,237			102,727
Short-term financial instruments	Interest income			46,921			45,763			29,412
Long-term financial instruments	Interest income			10,492			7,195			8,144
Financial assets at fair value through profit or loss	Interest income			—			—			290
	Gain (loss) on valuation of derivatives			220,285			113,671			(214,100	)
	Gain (loss) on transaction of derivatives			8,605			(8,039	)		(37,266	)
	Gain on valuation of financial assets			—			—			12
Derivative assets (using hedge accounting)	Gain (loss) on valuation of derivatives (profit or loss)			244,020			145,458			(41,129	)
	Gain (loss) on valuation of derivatives (equity, before tax)(*)			(12,572	)		50,047			2,453
	Gain (loss) on transaction of derivatives			2,818			(13,994	)		(58,299	)
Financial liabilities carried at amortized cost	Interest expense of borrowings and debt securities			(1,392,477	)		(1,202,065	)		(1,240,727	)
	Loss on retirement of financial liabilities			(33	)		(23,000	)		(5	)
	Interest expense of trade and other payables			(84,527	)		(68,375	)		(57,160	)
	Interest expense of others			(538,680	)		(482,428	)		(491,665	)
	Gain (loss) on foreign currency transactions and translations			(708,178	)		(290,485	)		1,075,215
Financial liabilities at fair value through profit or loss	Gain (loss) on valuation of derivatives			35,312			23,225			(179,879	)
	Gain (loss) on transaction of derivatives			107,454			17,045			(27,175	)
Derivative liabilities (using hedge accounting)	Gain (loss) on valuation of derivatives (profit or loss)			93,914			5,714			(439,559	)
	Gain (loss) on valuation of derivatives (equity, before tax)(*)			9,728			(3,297	)		29,431
	Loss on transaction of derivatives			(4,288	)		(51,450	)		(46,221	)

(*)	Items are included in other comprehensive income or loss. All other income and gain amounts listed above are included in finance income, and all expense and losses listed above are included in finance expenses in the consolidated statements of comprehensive income or loss.