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Provisions

12 Months Ended

Dec. 31, 2018

Provisions [Abstract]

Provisions

29.

Provisions

(1)

Provisions as of December 31, 2017 and 2018 are as follows:


		2017				2018
		Current		Non-current		Current		Non-current
		In millions of won
Employment benefits
Provisions for employment benefits	￦		913,787		—		976,347		—
Litigation
Litigation provisions			48,621		24,955		40,157		37,636
Decommissioning cost
Nuclear plants			—		13,007,228		—		13,388,134
Spent fuel			—		1,339,046		—		1,291,354
Radioactive waste			11,494		1,626,877		4,310		1,680,698
PCBs			—		180,087		—		147,668
Other recovery provisions			—		6,659		—		10,477
Others
Power plant regional support program			153,756		—		137,668		—
Transmission regional support program			243,365		—		151,698		—
Provisions for tax			61		—		6,845		—
Provisions for financial guarantee			—		23,475		1,320		14,266
Provisions for RPS			271,624		—		93,919		—
Provisions for greenhouse gas emissions obligations			414,252		—		136,187		—
Others			80,538		16,387		46,347		15,515

	￦		2,137,498		16,224,714		1,594,798		16,585,748

(2)

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


		2017
		Beginning balance		Increase in provision		Payment			Reversal			Others			Ending balance
		In millions of won
Employment benefits
Provisions for employment benefits	￦		810,607		984,896		(880,255	)		(1,461	)		—			913,787
Litigation
Litigation provisions			198,237		34,629		(152,461	)		(7,096	)		267			73,576
Decommissioning cost
Nuclear plants			10,195,928		2,818,033		(6,733	)		—			—			13,007,228
Spent fuel			1,374,225		307,682		(342,861	)		—			—			1,339,046
Radioactive waste			1,479,502		222,632		(63,763	)		—			—			1,638,371
PCBs			191,744		5,309		(14,266	)		(2,700	)		—			180,087
Other recovery provisions			507		5,939		—			—			213			6,659
Others
Power plant regional support program			152,851		94,039		(103,889	)		—			10,755			153,756
Transmission regional support program			282,608		143,178		(182,421	)		—			—			243,365
Provisions for tax			242		—		(25	)		(136	)		(20	)		61
Provisions for financial guarantee			29,665		3,760		—			(9,945	)		(5	)		23,475
Provisions for RPS			417,404		242,946		(388,726	)		—			—			271,624
Provisions for greenhouse gas emissions obligations			249,644		422,666		(256,758	)		(1,300	)		—			414,252
Others(*)			43,975		6,639		(3,348	)		(26,477	)		76,136			96,925

	￦		15,427,139		5,292,348		(2,395,506	)		(49,115	)		87,346			18,362,212

(*)	The Company believes that the possibility of economic outflow is probable on the cost of construction suspension of Shin-Kori unit 5 and 6 for three months. For this reason, the Company recognized ￦77,261 million of provision as addition to construction-in-progress.


		2018
		Beginning balance		Increase in provision		Payment			Reversal			Others			Ending balance
		In millions of won
Employment benefits
Provisions for employment benefits	￦		913,787		912,440		(843,281	)		(6,599	)		—			976,347
Litigation
Litigation provisions(*)			73,576		234,517		(216,187	)		(13,847	)		(266	)		77,793
Decommissioning cost
Nuclear plants			13,007,228		411,316		(30,410	)		—			—			13,388,134
Spent fuel			1,339,046		435,007		(482,699	)		—			—			1,291,354
Radioactive waste			1,638,371		112,815		(66,178	)		—			—			1,685,008
PCBs			180,087		4,600		(13,758	)		(23,261	)		—			147,668
Other recovery provisions			6,659		2,125		—			—			1,693			10,477
Others
Power plant regional support program			153,756		46,366		(71,978	)		—			9,524			137,668
Transmission regional support program			243,365		141,661		(233,328	)		—			—			151,698
Provisions for tax			61		6,821		—			—			(37	)		6,845
Provisions for financial guarantee			23,475		1,179		(67	)		(8,432	)		(569	)		15,586
Provisions for RPS			271,624		297,802		(475,507	)		—			—			93,919
Provisions for greenhouse gas emissions obligations			414,252		131,860		(350,356	)		(59,569	)		—			136,187
Others			96,925		44,732		(82,632	)		(745	)		3,582			61,862

	￦		18,362,212		2,783,241		(2,866,381	)		(112,453	)		13,927			18,180,546

(*)

As described in note 53.(1), the Company believes that 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. For this reason, the Company recognized ￦204,787 million of provision as addition to property, plant and equipment.