XML 96 R81.htm IDEA: XBRL DOCUMENT v3.8.0.1

Borrowings and Debt Securities (Tables)

12 Months Ended

Dec. 31, 2017

Borrowings and Debt Securities [Abstract]

Borrowings and Debt Securities

Borrowings and debt securities as of December 31, 2016 and 2017 are as follows:

						2016				2017
						In millions of won
Current liabilities
Short-term borrowings		￦					805,523				1,038,328
Current portion of long-term borrowings							310,977				128,543
Current portion of debt securities							7,825,310				7,961,182
Less : Current portion of discount on long-term borrowings							(979	)			(886	)
Less : Current portion of discount on debt securities							(1,753	)			(3,882	)
							8,939,078				9,123,285
Non-current liabilities
Long-term borrowings							1,799,750				2,455,737
Debt securities							43,012,960				43,270,825
Less : Discount on long-term borrowings							(25,859	)			(21,113	)
Less : Discount on debt securities							(86,880	)			(81,424	)
Add: Premium on debt securities							156				82
							44,700,127				45,624,107
		￦					53,639,205				54,747,392

Repayment schedule of borrowings and debt securities

Repayment schedule of borrowings and debt securities as of December 31, 2016 and 2017 are as follows:

2016
Type						Borrowings				Debt Securities
						In millions of won
Less than 1 year		￦					1,116,500				7,825,310
1~ 5 years							295,162				24,462,410
Over 5 years							1,504,588				18,550,550
		￦					2,916,250				50,838,270

2017
Type						Borrowings				Debt Securities
						In millions of won
Less than 1 year		￦					1,166,871				7,961,182
1~ 5 years							1,117,222				25,047,075
Over 5 years							1,338,515				18,223,750
		￦					3,622,608				51,232,007

Short-term borrowings

Short-term borrowings as of December 31, 2016 and 2017 are as follows:

2016

Type

Creditor

Interest rate (%)

Maturity

Foreign currency

Local currency

In millions of won and thousands of foreign currencies

Local short-term borrowings

Woori Investment Bank and others

1.54~2.51

2017.01.25~ 2017.09.13

—

￦

436,800

Foreign short-term borrowings

SCNT and others

1.58~6.50

2017.03.30~ 2017.12.03

USD 35,086

42,401

Foreign short-term borrowings

Export-import Bank of Korea

3M Libor+0.54~0.63

2017.05.17~ 2017.12.18

AUD 311,174

271,360

Local bank overdraft

Nonghyup Bank

2.45

2017.01.05

—

37,000

Local bank overdraft

Woori Bank

Standard overdraft rate+1.12

2017.02.25

—

17,962

￦

805,523

2017

Type

Creditor

Interest rate (%)

Maturity

Foreign currency

Local currency

In millions of won and thousands of foreign currencies

Local short-term borrowings

KTB Investment and securities and others

1.57~2.47

2018.01.12~ 2018.09.19

—

￦

686,561

Foreign short-term borrowings

SCNT and others

4.60~6.50

2018.12.03

USD 8,955

9,594

Foreign short-term borrowings

Export-import Bank of Korea

3M Libor+0.41~0.63

2018.12.18

AUD 327,259

273,314

Local bank overdraft

Nonghyup Bank

3.04

2018.01.02

51,300

Local bank overdraft

Woori Bank

Standard overdraft rate+1.12

2018.02.27

—

17,559

￦

1,038,328

Long-term borrowings

Long-term borrowings as of December 31, 2016 and 2017 are as follows:

2016
Type				Interest rate (%)		Maturity		Foreign currency				Local currency
				In millions of won and thousands of foreign currencies
Local long-term borrowings
Korea Development Bank		Others		0.50		2018~2044			—			￦	5,663
		Facility		2.45~4.60		2023~2028			—				61,835
		Facility		1yr KoFC bond rate +0.31		2018			—				125,000
		Operating funds		2.75		2018			—				12,000
KEB Hana Bank		Commercial Paper		3M CD+0.14		2017			—				100,000
		Facility		4.60		2028			—				16,851
		Facility		3yr KTB rate -1.25		2017~2028			—				9,655
IBK		PF Refinancing		CD+1.25		2030			—				22,500
Export-Import Bank of Korea		Project loans		1.50		2026			—				30,935
Korea Resources Corporation		Development of power resources		3yr KTB rate -2.25		2022~2025			—				14,039
		Facility		3yr KTB rate -2.25		2017~2024			—				3,842
		Project loans		—		2022~2025			—				3,733
		Others		KTB rate -2.25		2024~2025			—				12,131
Shinhan Bank and others		Collateral borrowing		2.22		2017			—				30,000
		Facility		CB rate+1.10		2028			—				25,276
		Operating funds		2.70~2.86		2017~2018			—				25,000
		Others		4.10		2035			—				55,000
		Others		3yr KTB rate+1.10		2035			—				55,000
Kookmin Bank		Facility		MOR+0.62~0.79		2017~2023			—				45,000
Others		Facility		1.75~4.60		2026~2029			—				146,472
		Facility		CB rate+1.10~1.20		2022~2028			—				34,951
		PF Refinancing		4.10		2030			—				62,500
		Others		8.00		2036			—				102,347
		Others		—		2028			—				7,250
													1,006,980
Foreign long-term borrowings
Korea National Oil Corporation		Project loans		—		2021~2023			USD 8,744				10,567
Export-Import Bank of Korea and others		Direct loan and others		3M Libor+2.75~ 3.70		2027			JOD 178,892				305,332
		Commercial loan and others		3M Libor+1.50~ 2.50		2030~2033			USD 299,859				362,379
		PF Loan		6M Libor+2.50~ 2.70		2032			USD 119,647				144,594
SCNT and others		Shareholder’s loan		6.50~8.00		2023			USD 40,618				49,086
		Shareholder’s loan		8.00		2031			JOD 7,128				12,166
PT PJB		Shareholder’s loan		12.75		2019			IDR 16,705,505				1,500
Samsung Life Insurance and others		Syndicated Loan		3.10		2032			JPY 1,758,000				18,227
Woori Bank and others		Syndicated Loan		JPY 6M Libor+2.10		2032			JPY 1,172,000				12,151
SMBC and others		Equity Bridge Loan		1M Libor+0.90		2019			USD 37,978				45,897
IFC and others		Others		6M Libor+5.00		2031			PKR 11,706,160				134,972
Others		Others		—		2019			USD 5,691				6,876
													1,103,747
													2,110,727
Less : Discount of long-term borrowings													(26,838	)
Less : Current portion of long-term borrowings													(310,977	)
Add : Current portion of discount on long-term borrowings													979
												￦	1,773,891

2017
Type				Interest rate (%)		Maturity		Foreign currency				Local currency
				In millions of won and thousands of foreign currencies
Local long-term borrowings
Korea Development Bank		Others		0.50		2018~2044			—			￦	4,909
		Facility		2.45~4.60		2023~2028			—				68,883
		Facility		1yr KoFC bond rate +0.31		2018			—				25,000
		Operating funds		2.59~3.04		2018~2020			—				47,000
		Operating funds		1yr KoFC bond rate +0.95		2020			—				14,000
KEB Hana Bank		Commercial Paper		3M CD+0.24~0.32		2021~2022			—				400,000
		Facility		4.60		2028			—				15,038
		Facility		3yr KTB rate-1.25		2018~2028			—				8,947
IBK		PF Refinancing			CD+1.25				2030				—				22,500
Export-Import Bank of Korea		Project loans			1.50				2026				—				25,042
		Operating funds			2.21				2020				—				35,000
Korea Energy Agency(*)		Development of power resources			3yr KTB rate-2.25				2023~2025				—				6,765
		Facility			3yr KTB rate-2.25				2018~2024				—				3,121
		Project loans			—				2022~2025				—				3,733
		Others			KTB rate -2.25				2024~2028				—				18,455
Shinhan Bank		Collateral borrowing			2.32				2019				—				30,000
		Facility			CB rate +1.10				2028				—				22,557
		Operating funds			2.70				2018				—				15,000
		Others			4.10				2035				—				105,000
		Others			Standard overdraft rate +1.10				2035				—				105,000
Kookmin Bank		Facility			3.16				2020				—				10,000
		Facility			MOR+0.79				2023				—				35,000
Others		Facility			1.75~4.60				2026~2029				—				148,423
		Facility			CB rate +1.10~1.20				2022~2028				—				46,278
		PF Refinancing			4.10				2030				—				62,500
		Others			4.50~8.00				2022~2039				—				102,346
																	1,380,497
Foreign long-term borrowings
Korea Energy Agency(*)		Project loans			—				2021~2023				USD 8,744				9,368
Export-Import Bank of Korea and others		Direct loan and others			1M Libor+1.80~3.20				2036				USD 64,913				69,548
		Direct loan and others			3M Libor+2.75~3.70				2027				JOD 168,663				254,514
		Commercial loan and others			3M Libor+1.50~2.50				2030~2033				USD 289,026				309,662
		PF Loan			6M Libor+1.70~2.50				2032				USD 123,253				132,054
SCNT and others		Shareholder’s loan			6.50~8.00				2023				USD 41,718				44,697
		Shareholder’s loan			8.00				2031				JOD 5,136				7,750
PT PJB		Shareholder’s loan			12.75				2019				IDR 10,932,568				864
Samsung Life Insurance and others		Syndicated Loan			3.10				2032				JPY 5,325,000				50,540
Woori Bank and others		Syndicated Loan			JPY 6M Libor+2.00				2032				JPY 3,435,000				32,602
SMBC and others		Equity Bridge Loan			1M Libor+0.90				2019				USD 70,986				76,054
IFC and others		Others			6M Libor+5.00				2031				PKR 16,652,350				161,195
Federal Financing Bank		PF loan			2.39				2031				USD 48,366				51,819
Others		Others			—				2019				USD 2,907				3,116
																	1,203,783
																	2,584,280
Less : Discount of long-term borrowings																	(21,999	)
Less : Current portion of long-term borrowings																	(128,543	)
Add : Current portion of discount on long-term borrowings																	886
																￦	2,434,624

(*) As of July 1, 2017, loan business for energy-related projects has been integrated into Korea Energy Agency in accordance with the Korean government’s restructuring of the public institutions.

Local debt securities

Local debt securities as of December 31, 2016 and 2017 are as follows:

		Issue date				Maturity				Interest rate (%)				2016				2017
		In millions of won
Electricity Bonds			2009.12.03~ 2017.12.14				2018.01.07~ 2037.09.18			1.62~5.45		￦			19,860,000				20,700,000
Electricity Bonds			2013.06.25				2018.06.25			3M CD+0.31					310,000				150,000
Corporate Bonds(*1)			2009.05.04~ 2017.11.10				2018.01.18~ 2047.10.17			1.36~5.84					19,552,708				21,122,708
															39,722,708				41,972,708
Less : Discount on local debt securities															(34,667	)			(37,816	)
Less : Current portion of local debt securities															(5,650,010	)			(5,200,000	)
Add : Current portion of discount on local debt securities															728				923
												￦			34,038,759				36,735,815

(*1) Corporate Bonds of HeeMang Sunlight Power Co., Ltd (￦2,697 million) can be redeemed every March 31 after five years from its issue date, March 31, 2016.

Foreign debt securities

Foreign debt securities as of December 31, 2016 and 2017 are as follows:

2016

Type

Issue date

Maturity

Interest rate (%)

Foreign currency

Local currency

In millions of won and thousands of foreign currencies

FY-96

1996.04.01~ 1996.12.06

2026.12.06~ 2096.04.01

6.00~8.37

USD 249,068

￦

300,999

FY-97

1997.01.31~ 1997.08.04

2027.02.01~ 2027.08.01

6.75~7.00

USD 314,717

380,335

FY-04

2004.04.23

2034.04.23

5.13

USD 286,920

346,743

FY-08

2008.11.27

2018.11.27

4.19

JPY 20,000,000

207,362

FY-11

2011.07.13~ 2011.07.29

2017.01.30~ 2021.07.13

3.63~4.75

USD 800,000

966,800

FY-12

2012.05.10~ 2012.09.19

2017.05.10~ 2022.09.19

2.50~3.13

USD 1,750,000

2,114,875

FY-13

2013.02.05~ 2013.11.27

2018.02.05~ 2018.11.27

1.88~2.88

USD 1,900,000

2,296,150

FY-13

2013.09.26~ 2013.10.23

2019.03.26~ 2019.04.23

1.50~1.63

CHF 400,000

472,532

FY-13

2013.09.25

2020.09.25

5.75

AUD 325,000

283,416

FY-13

2013.02.20~ 2013.07.25

2018.02.20~ 2018.07.25

3M Libor+0.84~1.50

USD 500,000

604,250

FY-14

2014.02.11~ 2014.12.02

2019.02.11~ 2029.07.30

2.38~3.57

USD 1,500,000

1,812,750

FY-14

2014.01.28~ 2014.07.31

2017.01.28~ 2017.07.31

3M Libor+0.55~1.05

USD 500,000

604,250

FY-15

2015.06.15

2025.06.15

3.25

USD 300,000

362,550

FY-16

2016.01.21

2021.07.21

2.50

USD 300,000

362,550

11,115,562

Less : Discount on foreign debt securities

(53,966

)

Add : Premium on foreign debt securities

156

Less : Current portion of foreign debt securities

(2,175,300

)

Add : Current portion of discount on foreign debt securities

1,025

￦

8,887,477

		2017
Type		Issue date				Maturity				Interest rate (%)		Foreign currency								Local currency
		In millions of won and thousands of foreign currencies
FY-96			1996.04.01~ 1996.12.06				2026.12.01~ 2096.04.01			6.00~8.37			USD 249,070			￦					266,854
FY-97			1997.01.31~ 1997.08.04				2027.02.01~ 2027.08.01			6.75~7.00			USD 314,717								337,188
FY-04			2004.04.23				2034.04.23			5.13			USD 286,920								307,406
FY-08			2008.11.27				2018.11.27			4.19			JPY 20,000,000								189,822
FY-11			2011.07.13				2021.07.13			4.75			USD 500,000								535,700
FY-12			2012.09.19				2022.09.19			3			USD 750,000								803,550
FY-13			2013.02.05~ 2013.11.27				2018.02.05~ 2018.11.27			1.88~2.88			USD 1,900,000								2,035,660
FY-13			2013.09.26~ 2013.10.23				2019.03.26~ 2019.04.23			1.50~1.63			CHF 400,000								437,888
FY-13			2013.09.25				2020.09.25			5.75			AUD 325,000								271,427
FY-13			2013.02.20~ 2013.07.25				2018.02.20~ 2018.07.25			3M Libor+0.84~1.50			USD 500,000								535,700
FY-14			2014.02.11~ 2014.12.02				2019.02.11~ 2029.07.30			2.38~3.57			USD 1,500,000								1,607,100
FY-15			2015.06.15				2025.06.15			3.25			USD 300,000								321,420
FY-16			2016.01.21				2021.07.21			2.5			USD 300,000								321,420
FY-17			2017.04.12~ 2017.07.25				2020.04.12~ 2027.07.25			2.38~3.13			USD 1,100,000								1,178,540
FY-17			2017.10.30				2037.10.30			1.7			EUR 40,000								51,170
FY-17			2017.11.16				2037.11.16			2.36			SEK 450,000								58,454
																					9,259,299
Less : Discount on foreign debt securities																					(47,490	)
Add : Premium on foreign debt securities																					82
Less : Current portion of foreign debt securities																					(2,761,182	)
Add : Current portion of discount on foreign debt securities																					2,959
																￦					6,453,668

Changes in borrowings and debt securities

Changes in borrowings and debt securities for the year ended December 31, 2017 are as follows:

Beginning balance		Cash flow		Effect of exchange rate fluctuations		Others		Ending balance
In millions of won
53,639,205		2,269,513		(1,169,418)		8,092		54,747,392

X

- References

No definition available.

+ Details

Name:	kep_BorrowingsAndDebtSecuritiesAbstract
Namespace Prefix:	kep_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	kep_DisclosureOfChangesInBorrowingsAndDebtSecuritiesExplanatory
Namespace Prefix:	kep_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	kep_DisclosureOfCurrentNoncurrentBorrowingsAndDebtSecuritiesExplanatory
Namespace Prefix:	kep_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	kep_DisclosureOfForeignDebtSecuritiesExplanatory
Namespace Prefix:	kep_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	kep_DisclosureOfLocalDebtSecuritiesExplanatory
Namespace Prefix:	kep_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	kep_DisclosureOfLongtermBorrowingsExplanatory
Namespace Prefix:	kep_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	kep_DisclosureOfRepaymentScheduleOfBorrowingsAndDebtSecuritiesExplanatory
Namespace Prefix:	kep_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	kep_DisclosureOfShorttermBorrowingsExplanatory
Namespace Prefix:	kep_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration