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Contingencies and Commitments (Tables)
12 Months Ended
Dec. 31, 2018
Contingencies and Commitments [Abstract]  
Ongoing litigations related with contingent liabilities and contingent assets

Ongoing litigations and claims related with contingent liabilities and contingent assets as of December 31, 2017 and 2018 are as follows:

 

     2017      2018  
     Number
of cases
     Claim
amount
     Number
of cases
     Claim
amount
 
     In millions of won  

As the defendant

     565      477,719        570        673,882  

As the plaintiff

     185        690,934        174        793,491  

Credit lines provided by financial institutions

Credit lines provided by financial institutions as of December 31, 2018 are as follows:

 

Commitments

  Financial institutions   Currency   Limited amount     Exercised amount  
        In millions of won and thousands of foreign
currencies
 

Commitments on bank-overdraft

  Nonghyup Bank and
others
  KRW     1,855,000       167,010  

Commitments on bank-daylight overdraft

  Nonghyup Bank   KRW     280,000       —    

Limit amount available for CP

  KEB Hana Bank and
others
  KRW     1,050,000       —    

Limit amount available for card

  KEB Hana Bank and
others
  KRW     55,904       2,740  
  Banco de Oro   PHP     5,000       5,000  

Loan limit

  Kookmin Bank and
others
  KRW     1,238,500       612,197  
  DBS Bank and
others
  USD     1,840,700       20,000  

Certification of payment on payables from foreign country

  Kookmin Bank and
others
  USD     44,680       4,754  

Certification of payment on L/C

  Shinhan Bank and
others
  USD     992,434       252,392  

Certification of performance guarantee on contract

  KEB Hana Bank and
others
  EUR     4,158       4,158  
  KEB Hana Bank and
others
  INR     237,321       237,321  
  Korea Development
Bank and others
  JPY     637,322       637,322  
  Seoul Guarantee

Insurance and others

  KRW     89,335       72,802  
  First Abu Dhabi
Bank and others
  USD     923,915       830,314  
  KEB Hana Bank   SAR     6,508       6,508  
  Bank of Kathmandu   NPR     36,304       36,304  
  KEB Hana Bank   CAD     617       617  

Certification of bidding

  KEB Hana Bank and
others
  USD     110,000       3,199  
  Shinhan Bank   ZAR     55,730       55,730  

Advance payment bond, Warranty bond, Retention bond and others

  Export-Import Bank
of Korea and others
  USD     3,934,928       3,220,418  

Others

  Shinhan Bank   JPY     381,210       381,210  
  Nonghyup Bank and
others
  KRW     307,436       7,088  
  Export-Import Bank
of Korea and others
  USD     1,171,470       842,897  

Inclusive credit

  Shinhan Bank   INR     70,028       70,028  
  KEB Hana Bank   KRW     258,000       12,278  
  KEB Hana Bank and
others
  USD     30,930       18,245  

Trade finance

  BNP Paribas and
others
  USD     800,000       —    

 

Blank check and assets provided as collaterals or pledges to financial institutions by the Company

As of December 31, 2018, blank check and assets provided as collaterals or pledges to financial institutions by the Company are follows:

 

Guarantor

 

Guarantee

 

Type of guarantee

 

Currency

  Amount    

Description

    In millions of won and thousands of foreign currencies

Korea Southern Power Co., Ltd.

 

Korea Development

Bank and others

  Shareholdings of DS Power Co., Ltd.   KRW     916     Collateral for borrowings

Mira Power Limited

  International Finance Corporation and others   Property, plant and equipment and others   USD     275,600     Collateral for borrowings(*2)

Gyeonggi Green Energy Co., Ltd.

 

Korea Development

Bank and others

  Cash and cash equivalents   KRW     327,080     Collateral for borrowings(*1)

Commerce and Industry Energy Co., Ltd.

  IBK and others   Land, buildings, structures and machinery and others   KRW     110,500     Collateral for borrowings(*1)

KOSPO Youngnam Power Co., Ltd.

  Shinhan Bank and others   Cash and cash equivalents   KRW     396,120     Collateral for borrowings(*1)

Gyeongju Wind Power Co., Ltd.

  Samsung Fire & Marine Insurance Co., Ltd. and others   Property, plant and equipment and others   KRW     110,240     Collateral for borrowings(*1)

Korea Offshore Wind Power Co., Ltd

  Woori Bank and others   Utility plant and others   KRW     293,400     Collateral for borrowings

Qatrana Electric Power Company

  The Islamic Development Bank and others   Finance lease receivable and property, plant and equipment and others   JOD     236,570     Collateral for borrowings(*2)

KST Electric Power Company

  The Export—Import Bank of Korea and others   Finance lease receivable and property, plant and equipment and others   USD     337,000     Collateral for borrowings(*2)

 

(*1)

As of December 31, 2018, the Company has established guarantees for pledge for transfer of rights of long-term borrowings, pledge for insurance claims, pledge for shares, etc.

 

(*2)

This is based on the amount of loan commitment limit.

The Company has ₩1,197 million of project loans from Korea Energy Agency as of December 31, 2018. The Company has provided a blank check as repayment guarantee.