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 July, 2012

Commission File Number: 001-13372

 

 

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 non-consolidated earnings results based on preliminary estimates for the first half of 2012 as attached hereto.

KEPCO plans to announce its unaudited consolidated earnings results on August 10, 2012.

Disclaimer:

The financial information relating to the results of operations of KEPCO for the first half of 2011 and 2012 as presented below (the “Information”) has been prepared by KEPCO on a non-consolidated basis based on preliminary estimates and in accordance with the International Financial Reporting Standard (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 financial results of operations of KEPCO for the first half of 2012, 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 COMPREHENSIVE INCOME

(Neither audited nor reviewed)

For the first half ended June 30, 2011 and 2012

 

(Unit : in billions of Korean Won)		1H 2012				1H 2011				Change
Operating revenues:			23,894				19,787				20.8	%
Sale of electric power			22,839				19,100				19.6	%
Other			1,056				686				53.8	%
Cost of goods sold & selling and administrative expenses:			28,589				22,932				24.7	%
Purchased power			24,821				19,354				28.2	%
Other			3,769				3,578				5.3	%
Other revenues			281				250				12.1	%
Other expenses			10				18				-45.4	%
Other Income			71				79				-9.8	%
Operating income (loss)			(4,353)				(2,834	)			-53.6	%
Finance income			1,040				1,037				0.3	%
Finance expenses			788				866				-9.1	%
Income before tax			(4,101)				(2,664	)			-54.0	%
Tax expense			(1,205)				(712	)			-69.4	%
Net income			(2,896)				(1,952	)			-48.3	%

 

*	The figures may not add up due to rounding.

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Korea Electric Power Corporation

PRELIMINARY NON-CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(Neither audited nor reviewed)

As of June 30, 2011 and 2012

 

(Unit : in billions of Korean Won)		1H 2012				1H 2011				Change
Current Assets			6,881				6,501				5.8	%
Non-current Assets			89,533				88,269				1.4	%
Total Assets			96,414				94,770				1.7	%
Current Liabilities			16,846				12,659				33.1	%
Non-current Liabilities			38,140				37,671				1.2	%
Total Liabilities			54,986				50,331				9.2	%
Total Equity			41,428				44,439				-6.8	%
Total Liabilities and Equity			96,414				94,770				1.7	%

 

*	The figures may not add up due to rounding.

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: July 27, 2012