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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment as of December 31, 2017 and 2018 are as follows:

						2017
						Acquisition cost				Government grants				Accumulated depreciation				Accumulated impairment losses				Book value
						In millions of won
Land		￦					13,318,542				(21,968	)			—				—				13,296,574
Buildings							18,777,678				(63,539	)			(6,722,376	)			(1,776	)			11,989,987
Structures							66,184,484				(196,414	)			(22,071,667	)			(8,039	)			43,908,364
Machinery							75,826,292				(183,188	)			(28,904,982	)			(45,512	)			46,692,610
Ships							4,175				—				(3,772	)			—				403
Vehicles							276,425				(6,322	)			(195,260	)			(127	)			74,716
Equipment							1,440,870				(761	)			(1,020,192	)			(6	)			419,911
Tools							1,010,537				(1,027	)			(809,842	)			(32	)			199,636
Construction-in-progress							25,610,649				(49,084	)			—				(38,108	)			25,523,457
Finance lease assets							2,390,680				(27	)			(2,093,001	)			—				297,652
Asset retirement costs							9,395,821				—				(3,356,337	)			—				6,039,484
Others							11,247,021				—				(8,807,401	)			—				2,439,620
		￦					225,483,174				(522,330	)			(73,984,830	)			(93,600	)			150,882,414

						2018
						Acquisition cost				Government grants				Accumulated depreciation				Accumulated impairment losses				Book value
						In millions of won
Land		￦					13,554,292				(21,968	)			—				—				13,532,324
Buildings							19,431,536				(63,189	)			(7,494,176	)			(3,669	)			11,870,502
Structures							66,335,506				(190,854	)			(23,615,312	)			(8,399	)			42,520,941
Machinery							82,047,823				(173,242	)			(34,151,878	)			(439,350	)			47,283,353
Ships							3,655				—				(3,353	)			—				302
Vehicles							287,954				(4,220	)			(215,649	)			(116	)			67,969
Equipment							1,558,309				(418	)			(1,175,408	)			(42	)			382,441
Tools							1,073,145				(675	)			(880,432	)			(38	)			192,000
Construction-in-progress							29,026,880				(54,740	)			—				(205,713	)			28,766,427
Finance lease assets							2,390,701				(26	)			(2,194,971	)			—				195,704
Asset retirement costs							9,424,181				—				(3,706,004	)			(146,423	)			5,571,754
Others							11,875,394				—				(9,515,917	)			—				2,359,477
		￦					237,009,376				(509,332	)			(82,953,100	)			(803,750	)			152,743,194

Changes in property, plant and equipment

Changes in property, plant and equipment for the years ended December 31, 2017 and 2018 are as follows:

						2017
						Beginning balance				Acquisition				Disposal				Depreciation				Impairment(*1)				Others				Ending balance
						In millions of won
Land		￦					12,969,741				32,773				(8,961	)			—				—				324,989				13,318,542
(Government grants)							(3,204	)			—				5				—				—				(18,769	)			(21,968	)
Buildings							11,784,624				40,592				(19,715	)			(794,804	)			(923	)			1,043,752				12,053,526
(Government grants)							(61,188	)			(900	)			28				5,996				—				(7,475	)			(63,539	)
Structures							43,330,415				428				(519,366	)			(2,421,168	)			(6,856	)			3,721,325				44,104,778
(Government grants)							(197,641	)			—				1,905				10,011				—				(10,689	)			(196,414	)
Machinery							43,421,945				421,892				(242,428	)			(4,821,595	)			(43,121	)			8,139,105				46,875,798
(Government grants)							(111,064	)			(10,834	)			489				17,390				—				(79,169	)			(183,188	)
Ships							550				—				—				(147	)			—				—				403
Vehicles							70,970				3,447				(174	)			(34,236	)			(127	)			41,158				81,038
(Government grants)							(107	)			(107	)			14				1,070				—				(7,192	)			(6,322	)
Equipment							376,395				53,529				(413	)			(158,614	)			(6	)			149,781				420,672
(Government grants)							(732	)			(43	)			—				454				—				(440	)			(761	)
Tools							179,032				30,990				(166	)			(74,909	)			(32	)			65,748				200,663
(Government grants)							(430	)			—				—				354				—				(951	)			(1,027	)
Construction-in-progress							27,296,260				11,996,508				(6,487	)			—				—				(13,713,740	)			25,572,541
(Government grants)							(135,807	)			(42,728	)			—				—				—				129,451				(49,084	)
Finance lease assets							406,353				—				(29,696	)			(107,390	)			—				28,412				297,679
(Government grants)							—				—				—				1				—				(28	)			(27	)
Asset retirement costs							4,065,412				—				—				(518,565	)			—				2,492,637				6,039,484
Others							2,351,532				10,411				(28	)			(762,711	)			—				840,416				2,439,620
		￦					145,743,056				12,535,958				(824,993	)			(9,658,863	)			(51,065	)			3,138,321				150,882,414

(*1) Korea Midland Power Co., Ltd. and Korea Western Power Co., Ltd., 100% owned subsidiaries, have determined that there are impairment indicators for the shutdowns of certain power generation units and fire, and performed an impairment test over the individual assets. As a result, the Company recognized the amount of the carrying amount in excess of its recoverable amount as impairment loss in the consolidated statements of comprehensive income.

						2018
						Beginning balance				Acquisition				Disposal				Depreciation				Impairment(*1)				Others				Ending balance
						In millions of won
Land		￦					13,318,542				2,254				(18,240	)			—				—				251,736				13,554,292
(Government grants)							(21,968	)			—				—				—				—				—				(21,968	)
Buildings							12,053,526				10,156				(8,545	)			(767,845	)			(1,896	)			648,295				11,933,691
(Government grants)							(63,539	)			(4,213	)			31				6,836				—				(2,304	)			(63,189	)
Structures							44,104,778				11,123				(587,278	)			(2,476,278	)			(360	)			1,659,810				42,711,795
(Government grants)							(196,414	)			—				3,270				10,292				—				(8,002	)			(190,854	)
Machinery(*2)							46,875,798				460,676				(250,159	)			(4,973,252	)			(393,839	)			5,737,371				47,456,595
(Government grants)							(183,188	)			(1,185	)			823				18,099				—				(7,791	)			(173,242	)
Ships							403				—				—				(103	)			—				2				302
Vehicles							81,038				2,774				(402	)			(32,620	)			—				21,399				72,189
(Government grants)							(6,322	)			(45	)			—				2,146				—				1				(4,220	)
Equipment							420,672				36,884				(265	)			(187,821	)			(36	)			113,425				382,859
(Government grants)							(761	)			(22	)			—				365				—				—				(418	)
Tools							200,663				12,331				(268	)			(83,283	)			(6	)			63,238				192,675
(Government grants)							(1,027	)			(44	)			—				432				—				(36	)			(675	)
Construction-in-progress							25,572,541				11,749,397				(47,463	)			—				(167,603	)			(8,285,705	)			28,821,167
(Government grants)							(49,084	)			(23,895	)			—				—				—				18,239				(54,740	)
Finance lease assets							297,679				—				—				(101,888	)			—				(61	)			195,730
(Government grants)							(27	)			—				—				1				—				—				(26	)
Asset retirement costs							6,039,484				1,988				—				(610,435	)			(146,424	)			287,141				5,571,754
Others							2,439,620				8,691				(715	)			(709,579	)			—				621,460				2,359,477
		￦					150,882,414				12,266,870				(909,211	)			(9,904,933	)			(710,164	)			1,118,218				152,743,194

(*1) Korea Hydro & Nuclear Power Co., Ltd. and Korea Western Power Co., Ltd., 100% owned subsidiaries, have determined that there are impairment indicators for the shutdowns of certain power generation units and fire, and performed an impairment test over the individual assets. As a result, the Company recognized the amount of the carrying amount in excess of its recoverable amount as impairment loss in the consolidated statements of comprehensive income. The amount includes impairment loss of ￦703,133 million in relation to Wolsong unit 1, and Shin-Hanul unit 3 and 4 as described in note 2, and the loss of ￦7,031 million due to fire at Taean unit 2.

(*2) As described in note 29, the amount of acquisition of machinery includes ￦204,787 million of that the Company believes the possibility of economic outflow is probable on the request for additional construction costs of Hyundai E&C, GS Engineering & Construction Corp. and Hansol SeenTec Co., Ltd.

X

- Definition

The disclosure of detailed information about property, plant and equipment. [Refer: Property, plant and equipment]

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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