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Commitments for Expenditure

12 Months Ended

Dec. 31, 2019

Commitments for Expenditure [Abstract]

Commitments for Expenditure

49.

Commitments for Expenditure

(1)

The commitments for acquisition of property, plant and equipment as of December 31, 2018 and 2019 are as follows:


		2018				2019
Contracts		Amounts		Balance		Amounts		Balance
		In millions of won
Purchase of cable (PVC, 1C, 2000SQ) 153,000M and others (Shin-Bupyung-Youngseo)	￦		56,183		37,309		56,408		24,721
Purchase of cable (PVC, 1C, 2500SQ) 103,374M and others (Bukdangjin-Shin-Tangjung)			44,315		31,801		45,390		32,876
Purchase of GIS (362kV, 6300A, 63kA) 23CB – Youngseo S/S			34,500		34,500		36,143		36,143
Purchase of GIS (362kV, 6300A, 63kA) 26CB – Hwasung S/S			29,143		18,194		40,010		15,300
Purchase of GIS (362kV, 6300A, 63kA) 27CB – Kwangyang S/S			37,694		10,491		37,744		9,700
Purchase of Concrete Poles (10M, 350KGF) 121,900 and 6 others			133,387		13,343		—		—
Purchase of cable (TR CNCE-W/AL, 1C, 400SQ) 3,504,000M			66,240		38,998		66,240		—
Purchase of cable (FR CNCO-W, 1C, 325SQ) 1,400,000			57,475		48,598		59,716		37,249
Purchase of switch (Eco) 9,360 units			40,631		34,797		40,631		24,031
Purchase of cable (TR CNCE-W/AL, 1C, 400SQ) 2,654,400M			—		—		36,063		6,243
Construction of Shin-Kori units (#3,4)			7,363,514		3,211		7,498,951		—
Construction of Shin-Kori units (#5,6)			8,625,387		5,930,099		8,625,387		4,479,956
Construction of Shin-Hanul units (#1,2)			7,982,342		355,704		8,306,149		—
Other 27 contracts			269,681		161,243		352,710		122,890
Service of designing Seoul Combined units (#1,2)			29,996		4,744		30,778		2,119
Purchase of main machine for construction of Seoul Combined units (#1,2)			365,164		51,165		331,249		15,918
Construction of Seoul Combined units (#1,2)			285,890		27,125		387,722		31,150
Purchase of smoke eliminating machine for construction of Shin-Boryeong units (#1,2)			172,609		13,986		157,618		—
Service of designing Shin-Boryeong units (#1,2)			120,199		1,076		120,668		888
Purchase of main machine for construction of Shin-Boryeong units (#1,2)			866,065		4,981		816,317		4,955
Purchase of furnace for construction of Shin-Seocheon thermal power plant			305,209		74,631		305,209		43,388
Purchase of turbine generator for construction of Shin-Seocheon thermal power plant			104,402		57,968		105,226		10,736
Electricity construction of Shin-Seocheon thermal power plant			217,848		174,122		231,196		87,874
Purchase of main machine for Jeju LNG combined			166,287		11,272		166,287		12,088
Service of designing Taean IGCC plant units			46,001		3,161		46,101		2,332
Service of designing Taean units (#9,10)			112,344		13,338		112,483		12,862
Purchase of furnace for construction of Taean units (#9,10)			556,504		18,502		556,206		17,579
Purchase of turbine generator for construction of Taean units (#9,10)			214,462		10,422		214,208		10,857
Purchase of coal handling machine for construction of Taean (#9,10) and IGCC units (conditional contract for installation)			205,764		282		205,764		282
Purchase of oxygen plant for construction of Taean IGCC units			96,068		1,552		97,345		1,630
Purchase of gas turbine and turbine equipment of Gimpo combined heat & power plant			—		—		104,600		104,600
Purchase of coal handling machine for construction of Samcheok units (#1,2)			307,925		48,736		282,927		42,785
Purchase of furnace for construction of Samcheok units (#1,2)			1,092,287		12,215		1,066,824		11,771
Purchase of turbine main equipment for Samcheok units (#1,2)			212,188		348		223,550		132
Purchase of main equipment for Namjeju			146,594		134,949		138,486		84,982

(2)

As of December 31, 2019, 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		2019 ~ 2030		38,990 Ton U3O8
Transformed		2019 ~ 2030		21,969 Ton U
Enrichment		2019 ~ 2030		17,060 Ton SWU
Molded (Light)		2019 ~ 2020		756 Ton U
Molded (Medium))		2019 ~ 2020		401 Ton U
Molded (Initial core)		2019 ~ 2022		415 Ton U