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Commitments for Expenditure | 12 Months Ended
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Dec. 31, 2018
Commitments for Expenditure [Abstract] |
Commitments for Expenditure |
52. | Commitments for Expenditure
(1) | The commitments for acquisition of property, plant and equipment as of December 31, 2017 and 2018 are as follows:
|  |  |  |  | 2017 |  |  | 2018 |
Contracts |  |  |  |  | Amounts |  |  | Balance |  |  | Amounts |  |  | Balance |
|  |  |  |  | In millions of won |
Purchase of switch (25.8kV Eco) 12,450 |  | ￦ |  |  |  |  | 50,526 |  |  |  | 35,494 |  |  |  | 50,526 |  |  |  | — |
Purchase of cable (PVC,1C,2000SQ) 153,000M and others (Shin-Bupyung-Youngseo) |  |  |  |  |  |  | 50,256 |  |  |  | 42,857 |  |  |  | 56,183 |  |  |  | 37,309 |
Purchase of cable (PVC, 1C, 2500SQ) 103,374M and others (Bukdangjin-Shintangjung) |  |  |  |  |  |  | 42,500 |  |  |  | 29,987 |  |  |  | 44,315 |  |  |  | 31,801 |
Purchase of GIS (362KV 6300A 63KA) 23CB – YoungseoS/S |  |  |  |  |  |  | 34,500 |  |  |  | 34,500 |  |  |  | 34,500 |  |  |  | 34,500 |
Purchase of GIS (362KV 6300A 63KA) 27CB – KwangyangS/S |  |  |  |  |  |  | 37,476 |  |  |  | 18,044 |  |  |  | 37,694 |  |  |  | 10,491 |
Purchase of GIS (800KV 8000A 50KA) 10CB – Shin-JungbuS/S |  |  |  |  |  |  | 63,730 |  |  |  | 44,955 |  |  |  | 63,730 |  |  |  | — |
Purchase of transformer (765/345/23kV 666.7MVA, 2TANK) 6 units – Shin-JungbuS/S |  |  |  |  |  |  | 37,500 |  |  |  | 37,500 |  |  |  | 37,500 |  |  |  | — |
Purchase of cable (TR CNCE-W/AL,1C,400SQ) 4,645,000M |  |  |  |  |  |  | 78,076 |  |  |  | 76,762 |  |  |  | 78,076 |  |  |  | — |
Purchase of Concrete Poles (10M, 350KGF) 121,900 and 6 others |  |  |  |  |  |  | 133,387 |  |  |  | 112,981 |  |  |  | 133,387 |  |  |  | 13,343 |
Advanced E-Type low voltage electricity meter 1,600,000 units |  |  |  |  |  |  | 65,408 |  |  |  | 64,592 |  |  |  | 65,408 |  |  |  | — |
Purchase of Ground Switch (44-D-A125, 600AX4) and 1 other 4,016 units |  |  |  |  |  |  | 56,482 |  |  |  | 55,990 |  |  |  | 56,482 |  |  |  | — |
Purchase of cable (TR CNCE-W/AL,1C,400SQ) 3,504,000M |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 66,240 |  |  |  | 38,998 |
Purchase of cable (FR CNCO-W,1C,325SQ) 1,400,000 |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 57,475 |  |  |  | 48,598 |
Purchase of switch (Eco) 9,360 units |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 40,631 |  |  |  | 34,797 |
Construction of Shin-Kori units (#3,4) |  |  |  |  |  |  | 7,363,514 |  |  |  | 93,637 |  |  |  | 7,363,514 |  |  |  | 3,211 |
Construction of Shin-Kori units (#5,6) |  |  |  |  |  |  | 8,625,387 |  |  |  | 6,757,146 |  |  |  | 8,625,387 |  |  |  | 5,930,099 |
Construction of Shin-Hanul units (#1,2) |  |  |  |  |  |  | 7,982,342 |  |  |  | 1,015,813 |  |  |  | 7,982,342 |  |  |  | 355,704 |
Construction of Shin-Hanul units (#3,4)(*) |  |  |  |  |  |  | 8,261,818 |  |  |  | 8,097,056 |  |  |  | — |  |  |  | — |
Other 26 contracts |  |  |  |  |  |  | 262,400 |  |  |  | 114,041 |  |  |  | 269,681 |  |  |  | 161,243 |
Purchase of main machine for construction of Seoul Combined units (#1,2) |  |  |  |  |  |  | 361,203 |  |  |  | 99,031 |  |  |  | 365,164 |  |  |  | 51,165 |
Construction of Seoul Combined units (#1,2) |  |  |  |  |  |  | 227,685 |  |  |  | 60,568 |  |  |  | 285,890 |  |  |  | 27,125 |
Purchase of smoke eliminating machine for construction of Shin-Boryeong units (#1,2) |  |  |  |  |  |  | 169,544 |  |  |  | 36,417 |  |  |  | 172,609 |  |  |  | 13,986 |
Service of designing Shin-Boryeong units (#1,2) |  |  |  |  |  |  | 127,810 |  |  |  | 16,371 |  |  |  | 120,199 |  |  |  | 1,076 |
Purchase of main machine for construction of Shin-Boryeong units (#1,2) |  |  |  |  |  |  | 866,065 |  |  |  | 4,981 |  |  |  | 866,065 |  |  |  | 4,981 |
Construction of Shin-Boryeong units (#1,2) |  |  |  |  |  |  | 316,190 |  |  |  | 23,100 |  |  |  | 309,466 |  |  |  | — |
Purchase of furnace for construction of Shin-Seocheon thermal power plant |  |  |  |  |  |  | 302,030 |  |  |  | 222,555 |  |  |  | 305,209 |  |  |  | 74,631 |
Purchase of turbine generator for construction of Shin-Seocheon thermal power plant |  |  |  |  |  |  | 104,402 |  |  |  | 83,522 |  |  |  | 104,402 |  |  |  | 57,968 |
Electricity construction of Shin-Seocheon thermal power plant |  |  |  |  |  |  | 200,453 |  |  |  | 196,993 |  |  |  | 217,848 |  |  |  | 174,122 |
Purchase of main machine for Jeju LNG combined |  |  |  |  |  |  | 166,287 |  |  |  | 15,409 |  |  |  | 166,287 |  |  |  | 11,272 |
Purchase of coal handling machine for construction of Taean (#9,10) and IGCC units (conditional contract for installation) |  |  |  |  |  |  | 193,375 |  |  |  | 5,129 |  |  |  | 205,764 |  |  |  | 282 |
Purchase of furnace for construction of Taean units (#9,10) |  |  |  |  |  |  | 566,945 |  |  |  | 33,817 |  |  |  | 556,504 |  |  |  | 18,502 |
Service of designing Taean units (#9,10) |  |  |  |  |  |  | 111,322 |  |  |  | 13,671 |  |  |  | 112,344 |  |  |  | 13,338 |
Purchase of turbine generator for construction of Taean units (#9,10) |  |  |  |  |  |  | 205,267 |  |  |  | 550 |  |  |  | 214,462 |  |  |  | 10,422 |
Purchase of oxygen plant for construction of Taean IGCC units |  |  |  |  |  |  | 94,564 |  |  |  | 199 |  |  |  | 96,068 |  |  |  | 1,552 |
Service of designing Taean IGCC plant units |  |  |  |  |  |  | 44,802 |  |  |  | 2,669 |  |  |  | 46,001 |  |  |  | 3,161 |
Purchase of furnace for construction of Samcheok units (#1,2) |  |  |  |  |  |  | 1,082,641 |  |  |  | 5,963 |  |  |  | 1,092,287 |  |  |  | 12,215 |
Purchase of coal handling machine for construction of Samcheok units (#1,2) |  |  |  |  |  |  | 304,924 |  |  |  | 52,362 |  |  |  | 307,925 |  |  |  | 48,736 |
Service of designing Samcheok units (#1,2) |  |  |  |  |  |  | 114,047 |  |  |  | 4,745 |  |  |  | 103,679 |  |  |  | — |
Purchase of turbine main equipment for Samcheok units (#1,2) |  |  |  |  |  |  | 215,333 |  |  |  | 874 |  |  |  | 212,188 |  |  |  | 348 |
Purchase of main equipment for Namjeju |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 146,594 |  |  |  | 134,949 |
(*) | The Company recognized impairment loss in relation to Shin-Hanul unit 3 and 4, and there are no legally binding commitments for expenditure as of December 31, 2018.
(2) | As of December 31, 2018, details of contracts for inventory purchase commitment are as follows:
The Company imports all of its uranium ore concentrates from sources outside Korea (including the United States, United Kingdom, Kazakhstan, France, Russia, South Africa, Canada and Australia) which are paid for with currencies other than Won, primarily in U.S. dollars. In order to ensure stable supply, the Company entered into long-term and medium-term contracts with various suppliers, and supplements such supplies with purchases of fuels on spot markets. The long-term and medium-term contract periods vary among contractors and the stages of fuel manufacturing process. Contract prices for processing of uranium are generally based on market prices. Contract periods for ore concentrates, conversion, enrichment and design and fabrication are as follows:
Type |  | Periods |  |  | Contracted quantity |
Concentrate |  |  | 2018 ~ 2030 |  |  |  | 48,162 Ton U3O8 |
Transformed |  |  | 2018 ~ 2030 |  |  |  | 23,484 Ton U |
Enrichment |  |  | 2018 ~ 2030 |  |  |  | 25,530 Ton SWU |
Molded |  |  | 2018 ~ 2022 |  |  |  | 520 Ton U |

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