Form 6-K

 

 

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, 2009

 

 

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-            .

 

 

 

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, including by reference in the Registration Statement on Form F-3 (Registration No. 33-99550) and the Registration Statement on Form F-3 (Registration No. 333-9180).

Korea Electric Power Corporation (“KEPCO”) hereby announces its unaudited non-consolidated estimated earnings results for the fiscal year ended December 31, 2007 and 2008 as attached hereto.

LOGO Attachment : unaudited non-consolidated estimated statements of income of KEPCO as of and

for the fiscal year ended December 31, 2007 and 2008

Disclaimer:

The unaudited, non-consolidated estimated financial information relating to the results of operations of Korea Electric Power Corporation (“KEPCO”) for the fiscal year ended December 31, 2007 and 2008 as presented in the attachment hereto (the “Information”) has been prepared by KEPCO based on preliminary internal estimates. 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 condition and results of operations of KEPCO as of and for the fiscal year ended December 31, 2008, and accordingly should not be relied upon for investment, including but not limited to purchase of any securities, or for other purposes.

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.

 

By:  

/s/ Kim, Myung-Whan

Name:   Kim, Myung-Whan
Title:   General Manager, Finance Team

Date: January 29, 2009

Disclaimer:

The financial information relating to the results of operations of Korea Electric Power Corporation (“KEPCO”) for the fiscal year ended December 31, 2007 and 2008 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 condition and results of operations of KEPCO as of December 31, 2008, and accordingly should not be relied upon for investment, including but not limited to purchase of any securities, or other purposes.

Korea Electric Power Corporation

Preliminary NON-CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

As of December 31, 2007 and 2008

 

(Unit : in billions of Korean Won)

    FY 2008    FY 2007    Change    Change%  

Operating revenues:

    31,522    28,984    2,539    8.8 %

Sale of electric power

    31,182    28,646    2,536    8.9 %

Other operating revenues

    299    307    -9    -2.9 %

Revenues for other businesses

    42    31    12    38.4 %

Operating expenses:

    35,182    28,654    6,528    22.8 %

Purchased power

    29,108    22,724    6,384    28.1 %

Maintenance

    851    946    -95    -10.1 %

Depreciation

    1,946    1,883    63    3.4 %

Commissions

    585    557    28    5.1 %

Other operating expenses

    2,632    2,500    132    5.3 %

Expenses for other businesses

    59    44    16    35.9 %
                     

Operating income

    -3,659    330    -3,989    -1208.8 %
                     

Non-operating income:

    1,548    2,338    -790    -33.8 %

Interest income

    91    82    8    10.0 %

Gain on foreign currency transactions and translation

    47    1    46    4209.1 %

Investment income from affiliates

    671    1,786    -1,115    -62.4 %

Other

    739    469    271    57.7 %

Non-operating expenses:

    2,395    785    1,610    205.2 %

Interest expenses

    752    603    150    24.9 %

Loss on foreign currency transactions and translation

    633    78    555    711.3 %

Investment loss from affiliates

    736    20    715    3541.6 %

Other

    274    84    190    226.7 %
                     

Earnings before taxes

    -4,506    1,884    -6,390    -339.2 %
                     

Provision for income taxes

    -1,554    327    -1,881    -575.3 %
                     

Net income

    -2,953    1,557    -4,509    -289.7 %