26. | Provisions |
(1) | Provisions as of December 31, 2016 and 2017 are as follows: |
2016 | 2017 | |||||||||||||||||||
Current | Non-current | Current | Non-current | |||||||||||||||||
In millions of won | ||||||||||||||||||||
Employment benefits |
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Provisions for employment benefits |
₩ | 810,607 | — | 913,787 | — | |||||||||||||||
Litigation |
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Litigation provisions |
79,359 | 118,878 | 48,621 | 24,955 | ||||||||||||||||
Decommissioning cost |
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Nuclear plants |
— | 10,195,928 | — | 13,007,228 | ||||||||||||||||
Spent fuel |
— | 1,374,225 | — | 1,339,046 | ||||||||||||||||
Waste |
2,566 | 1,476,936 | 11,494 | 1,626,877 | ||||||||||||||||
PCBs |
— | 191,744 | — | 180,087 | ||||||||||||||||
Other recovery provisions |
— | 507 | — | 6,659 | ||||||||||||||||
Others |
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Power plant regional support program |
152,851 | — | 153,756 | — | ||||||||||||||||
Transmission regional support program |
282,608 | — | 243,365 | — | ||||||||||||||||
Provisions for tax |
106 | 136 | 61 | — | ||||||||||||||||
Provisions for financial guarantee |
458 | 29,207 | — | 23,475 | ||||||||||||||||
Provisions for RPS |
417,404 | — | 271,624 | — | ||||||||||||||||
Provisions for greenhouse gas emissions obligations |
249,644 | — | 414,252 | — | ||||||||||||||||
Others |
4,385 | 39,590 | 80,538 | 16,387 | ||||||||||||||||
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₩ | 1,999,988 | 13,427,151 | 2,137,498 | 16,224,714 | ||||||||||||||||
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(2) | Changes in provisions for the years ended December 31, 2016 and 2017 are as follows: |
2016 | ||||||||||||||||||||||||||||
Beginning balance |
Increase in provision |
Payment | Reversal | Others | Ending balance |
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In millions of won | ||||||||||||||||||||||||||||
Employment benefits |
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Provisions for employment benefits |
₩ | 718,365 | 1,047,342 | (947,982 | ) | (7,108 | ) | (10 | ) | 810,607 | ||||||||||||||||||
Litigation |
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Litigation provisions |
167,965 | 124,931 | (294,403 | ) | (20,736 | ) | 220,480 | 198,237 | ||||||||||||||||||||
Decommissioning cost |
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Nuclear plants |
9,684,286 | 513,383 | (1,741 | ) | — | — | 10,195,928 | |||||||||||||||||||||
Spent fuel |
1,375,185 | 469,982 | (470,942 | ) | — | — | 1,374,225 | |||||||||||||||||||||
Waste |
1,502,140 | 49,092 | (71,998 | ) | — | 268 | 1,479,502 | |||||||||||||||||||||
PCBs |
182,400 | 30,675 | (21,331 | ) | — | — | 191,744 | |||||||||||||||||||||
Other recovery provisions |
862 | — | — | (20 | ) | (335 | ) | 507 | ||||||||||||||||||||
Others |
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Power plant regional support program |
129,655 | 50,252 | (41,540 | ) | — | 14,484 | 152,851 | |||||||||||||||||||||
Transmission regional support program |
228,785 | 253,664 | (199,841 | ) | — | — | 282,608 | |||||||||||||||||||||
Provisions for tax |
136 | 125 | — | — | (19 | ) | 242 | |||||||||||||||||||||
Provisions for financial guarantee |
4,288 | 29,741 | — | (4,298 | ) | (66 | ) | 29,665 | ||||||||||||||||||||
Provisions for RPS |
363,178 | 420,154 | (309,975 | ) | (55,953 | ) | — | 417,404 | ||||||||||||||||||||
Provisions for greenhouse gas emissions obligations |
78,829 | 298,618 | (116,336 | ) | (11,467 | ) | — | 249,644 | ||||||||||||||||||||
Others |
7,856 | 37,491 | (2,699 | ) | (9 | ) | 1,336 | 43,975 | ||||||||||||||||||||
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₩ | 14,443,930 | 3,325,450 | (2,478,788 | ) | (99,591 | ) | 236,138 | 15,427,139 | ||||||||||||||||||||
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2017 | ||||||||||||||||||||||||||||
Beginning balance |
Increase in provision |
Payment | Reversal | Others | Ending balance |
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In millions of won | ||||||||||||||||||||||||||||
Employment benefits |
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Provisions for employment benefits |
₩ | 810,607 | 984,896 | (880,255 | ) | (1,461 | ) | — | 913,787 | |||||||||||||||||||
Litigation |
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Litigation provisions |
198,237 | 34,629 | (152,461 | ) | (7,096 | ) | 267 | 73,576 | ||||||||||||||||||||
Decommissioning cost |
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Nuclear plants |
10,195,928 | 2,818,033 | (6,733 | ) | — | — | 13,007,228 | |||||||||||||||||||||
Spent fuel |
1,374,225 | 307,682 | (342,861 | ) | — | — | 1,339,046 | |||||||||||||||||||||
Waste |
1,479,502 | 222,632 | (63,763 | ) | — | — | 1,638,371 | |||||||||||||||||||||
PCBs |
191,744 | 5,309 | (14,266 | ) | (2,700 | ) | — | 180,087 | ||||||||||||||||||||
Other recovery provisions |
507 | 5,939 | — | — | 213 | 6,659 | ||||||||||||||||||||||
Others |
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Power plant regional support program |
152,851 | 94,039 | (103,889 | ) | — | 10,755 | 153,756 | |||||||||||||||||||||
Transmission regional support program |
282,608 | 143,178 | (182,421 | ) | — | — | 243,365 | |||||||||||||||||||||
Provisions for tax |
242 | — | (25 | ) | (136 | ) | (20 | ) | 61 | |||||||||||||||||||
Provisions for financial guarantee |
29,665 | 3,760 | — | (9,945 | ) | (5 | ) | 23,475 | ||||||||||||||||||||
Provisions for RPS |
417,404 | 242,946 | (388,726 | ) | — | — | 271,624 | |||||||||||||||||||||
Provisions for greenhouse gas emissions obligations |
249,644 | 422,666 | (256,758 | ) | (1,300 | ) | — | 414,252 | ||||||||||||||||||||
Others(*) |
43,975 | 6,639 | (3,348 | ) | (26,477 | ) | 76,136 | 96,925 | ||||||||||||||||||||
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₩ | 15,427,139 | 5,292,348 | (2,395,506 | ) | (49,115 | ) | 87,346 | 18,362,212 | ||||||||||||||||||||
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(*) | As described in note 50.(1), the Company believes that the possibility of economic outflow is probable on the cost of construction suspension of Shin-Kori Unit 5 and 6 for three months. For this reason, the Company recognized ₩77,261 million of provision as addition to construction-in-progress. |