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Consolidated Subsidiaries | 12 Months Ended
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Dec. 31, 2020
Consolidated Subsidiaries [Abstract] |
Consolidated Subsidiaries |
16. | Consolidated Subsidiaries
(1) | Consolidated subsidiaries as of December 31, 2019 and 2020 are as follows:
|  |  |  |  |  | Percentage of ownership (%) |
Subsidiaries |  | Key operation activities |  | Location |  | 2019 |  |  | 2020 |
Korea Hydro & Nuclear Power Co., Ltd. |  | Power generation |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
Korea South-East Power Co., Ltd. |  | Power generation |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
Korea Midland Power Co., Ltd. |  | Power generation |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
Korea Western Power Co., Ltd. |  | Power generation |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
Korea Southern Power Co., Ltd. |  | Power generation |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
Korea East-West Power Co., Ltd. |  | Power generation |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Engineering & Construction Company, Inc.(*1) |  | Engineering and construction for utility plant and others |  | KOREA |  |  | 65.77 | % |  |  | 65.77 | %
KEPCO Plant Service & Engineering Co., Ltd. |  | Utility plant maintenance and others |  | KOREA |  |  | 51.00 | % |  |  | 51.00 | %
KEPCO Nuclear Fuel Co., Ltd. |  | Nuclear fuel |  | KOREA |  |  | 96.36 | % |  |  | 96.36 | %
KEPCO KDN Co., Ltd. |  | Electric power information technology and others |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO International HongKong Ltd. |  | Holding company |  | HONG KONG |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO International Philippines Inc. |  | Holding company |  | PHILIPPINES |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Gansu International Ltd. |  | Holding company |  | HONG KONG |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Philippines Holdings Inc. |  | Holding company |  | PHILIPPINES |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Philippines Corporation |  | Operation of utility plant |  | PHILIPPINES |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Ilijan Corporation |  | Construction and operation of utility plant |  | PHILIPPINES |  |  | 51.00 | % |  |  | 51.00 | %
KEPCO Lebanon SARL |  | Operation of utility plant |  | LEBANON |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Neimenggu International Ltd. |  | Holding company |  | HONG KONG |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Shanxi International Ltd. |  | Holding company |  | HONG KONG |  |  | 100.00 | % |  |  | 100.00 | %
KOMIPO Global Pte Ltd. |  | Holding company |  | SINGAPORE |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Netherlands B.V. |  | Holding company |  | NETHERLANDS |  |  | 100.00 | % |  |  | 100.00 | %
Korea Imouraren Uranium Investment Corp. |  | Holding company |  | FRANCE |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Australia Pty., Ltd. |  | Resources development |  | AUSTRALIA |  |  | 100.00 | % |  |  | 100.00 | %
KOSEP Australia Pty., Ltd. |  | Resources development |  | AUSTRALIA |  |  | 100.00 | % |  |  | 100.00 | %
KOMIPO Australia Pty., Ltd. |  | Resources development |  | AUSTRALIA |  |  | 100.00 | % |  |  | 100.00 | %
KOWEPO Australia Pty., Ltd. |  | Resources development |  | AUSTRALIA |  |  | 100.00 | % |  |  | 100.00 | %
KOSPO Australia Pty., Ltd. |  | Resources development |  | AUSTRALIA |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Middle East Holding Company |  | Holding company |  | BAHRAIN |  |  | 100.00 | % |  |  | 100.00 | %
Qatrana Electric Power Company |  | Construction and operation of utility plant |  | JORDAN |  |  | 80.00 | % |  |  | 80.00 | %
KHNP Canada Energy, Ltd. |  | Holding company |  | CANADA |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Bylong Australia Pty., Ltd. |  | Resources development |  | AUSTRALIA |  |  | 100.00 | % |  |  | 100.00 | %
Korea Waterbury Uranium Limited Partnership |  | Resources development |  | CANADA |  |  | 80.00 | % |  |  | 80.00 | %
KEPCO Holdings de Mexico |  | Holding company |  | MEXICO |  |  | 100.00 | % |  |  | 100.00 | %
KST Electric Power Company, S.A.P.I. de C.V. |  | Construction and operation of utility plant |  | MEXICO |  |  | 56.00 | % |  |  | 56.00 | %
KEPCO Energy Service Company |  | Operation of utility plant |  | MEXICO |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Netherlands S3 B.V. |  | Holding company |  | NETHERLANDS |  |  | 100.00 | % |  |  | 100.00 | %
PT. KOMIPO Pembangkitan Jawa Bali |  | Operation of utility plant |  | INDONESIA |  |  | 51.00 | % |  |  | 51.00 | %
PT. Cirebon Power Service(*2) |  | Operation of utility plant |  | INDONESIA |  |  | 27.50 | % |  |  | 27.50 | %
KOWEPO International Corporation |  | Operation of utility plant |  | PHILIPPINES |  |  | 99.99 | % |  |  | 99.99 | %
KOSPO Jordan LLC |  | Operation of utility plant |  | JORDAN |  |  | 100.00 | % |  |  | 100.00 | %
EWP Philippines Corporation |  | Holding company |  | PHILIPPINES |  |  | 100.00 | % |  |  | — |
EWP America Inc. |  | Holding company |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
EWP Renewable Corporation |  | Holding company |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
DG Fairhaven Power, LLC(*7) |  | Power generation |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
DG Whitefield, LLC |  | Power generation |  | USA |  |  | 100.00 | % |  |  | — |
Springfield Power, LLC |  | Power generation |  | USA |  |  | 100.00 | % |  |  | — |
KNF Canada Energy Limited |  | Holding company |  | CANADA |  |  | 100.00 | % |  |  | 100.00 | %
EWP Barbados 1 SRL |  | Holding company |  | BARBADOS |  |  | 100.00 | % |  |  | 100.00 | %
California Power Holdings, LLC |  | Power generation |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
Gyeonggi Green Energy Co., Ltd. |  | Power generation |  | KOREA |  |  | 62.01 | % |  |  | 62.01 | %
PT. Tanggamus Electric Power |  | Power generation |  | INDONESIA |  |  | 52.50 | % |  |  | 52.50 | %
Gyeongju Wind Power Co., Ltd. |  | Power generation |  | KOREA |  |  | 70.00 | % |  |  | 70.00 | %
KOMIPO America Inc. |  | Holding company |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
EWPRC Biomass Holdings, LLC |  | Holding company |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
KOSEP USA, Inc. |  | Power generation |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
PT. EWP Indonesia |  | Holding company |  | INDONESIA |  |  | 99.96 | % |  |  | 99.96 | %
KEPCO Netherlands J3 B.V. |  | Holding company |  | NETHERLANDS |  |  | 100.00 | % |  |  | 100.00 | %
Korea Offshore Wind Power Co., Ltd. |  | Power generation |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
Global One Pioneer B.V. |  | Holding company |  | NETHERLANDS |  |  | 100.00 | % |  |  | 100.00 | %
Global Energy Pioneer B.V. |  | Holding company |  | NETHERLANDS |  |  | 100.00 | % |  |  | 100.00 | %
Mira Power Limited(*3) |  | Power generation |  | PAKISTAN |  |  | 76.00 | % |  |  | 76.00 | %
KOSEP Material Co., Ltd. |  | Recycling fly ashes |  | KOREA |  |  | 86.22 | % |  |  | 86.22 | %
Commerce and Industry Energy Co., Ltd.(*4) |  | Power generation |  | KOREA |  |  | 85.03 | % |  |  | 85.03 | %
KEPCO KPS Philippines Corp. |  | Utility plant maintenance and others |  | PHILIPPINES |  |  | 99.99 | % |  |  | 99.99 | %
KOSPO Chile SpA |  | Holding company |  | CHILE |  |  | 100.00 | % |  |  | 100.00 | %
PT. KOWEPO Sumsel Operation And Maintenance Services |  | Utility plant maintenance and others |  | INDONESIA |  |  | 95.00 | % |  |  | 95.00 | %
Hee mang sunlight Power Co., Ltd. |  | Operation of utility plant |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
Fujeij Wind Power Company |  | Operation of utility plant |  | JORDAN |  |  | 100.00 | % |  |  | 100.00 | %
KOSPO Youngnam Power Co., Ltd. |  | Operation of utility plant |  | KOREA |  |  | 50.00 | % |  |  | 50.00 | %
VI Carbon Professional Private Special Asset Investment Trust 1 |  | Holding company |  | KOREA |  |  | 96.67 | % |  |  | 96.67 | %
Chitose Solar Power Plant LLC |  | Power generation |  | JAPAN |  |  | 80.10 | % |  |  | 80.10 | %
KEPCO Energy Solution Co., Ltd. |  | Energy service |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Solar Co., Ltd. (formerly, Solar School Plant Co., Ltd.) |  | Power generation |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
KOSPO Power Services Ltda. |  | Utility plant maintenance and others |  | CHILE |  |  | 65.00 | % |  |  | 65.00 | %
Energy New Industry Specialized Investment Private Investment Trust |  | Holding company |  | KOREA |  |  | 99.01 | % |  |  | 99.01 | %
KOEN Bylong Pty., Ltd. |  | Resources development |  | AUSTRALIA |  |  | 100.00 | % |  |  | 100.00 | %
KOMIPO Bylong Pty., Ltd. |  | Resources development |  | AUSTRALIA |  |  | 100.00 | % |  |  | 100.00 | %
KOWEPO Bylong Pty., Ltd. |  | Resources development |  | AUSTRALIA |  |  | 100.00 | % |  |  | 100.00 | %
KOSPO Bylong Pty., Ltd. |  | Resources development |  | AUSTRALIA |  |  | 100.00 | % |  |  | 100.00 | %
EWP Bylong Pty., Ltd. |  | Resources development |  | AUSTRALIA |  |  | 100.00 | % |  |  | 100.00 | %
KOWEPO Lao International |  | Utility plant maintenance and others |  | LAOS |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO US Inc. |  | Holding company |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Alamosa LLC |  | Holding company |  | USA |  |  | 50.10 | % |  |  | 50.10 | %
KEPCO Solar of Alamosa, LLC |  | Power generation |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Mangilao Holdings LLC (formerly, KEPCO-LG CNS Mangilao Holdings LLC)(*5) |  | Holding company |  | USA |  |  | 70.00 | % |  |  | 100.00 | %
Mangilao Investment LLC |  | Holding company |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Mangilao Solar, LLC (formerly, KEPCO-LG CNS Mangilao Solar, LLC) |  | Power generation |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
Jeju Hanlim Offshore Wind Co., Ltd. |  | Power generation |  | KOREA |  |  | 75.99 | % |  |  | 75.99 | %
PT. Siborpa Eco Power |  | Construction and operation of utility plant |  | INDONESIA |  |  | 55.00 | % |  |  | 55.00 | %
BSK E-New Industry Fund VII |  | Holding company |  | KOREA |  |  | 81.67 | % |  |  | 81.67 | %
e-New Industry LB Fund 1 |  | Holding company |  | KOREA |  |  | 76.11 | % |  |  | 76.11 | %
Songhyun e-New Industry Fund |  | Holding company |  | KOREA |  |  | 80.65 | % |  |  | 80.65 | %
BSK E-New Industry Fund X |  | Holding company |  | KOREA |  |  | — |  |  |  | 66.80 | %
PT. Korea Energy Indonesia |  | Utility plant maintenance and others |  | INDONESIA |  |  | 95.00 | % |  |  | 95.00 | %
KOLAT SpA |  | Utility plant maintenance and others |  | CHILE |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO California, LLC |  | Holding company |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO Mojave Holdings, LLC |  | Holding company |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
Incheon Fuel Cell Co., Ltd. |  | Power generation |  | KOREA |  |  | 60.00 | % |  |  | 60.00 | %
KOEN Service Co., Ltd. |  | Facility maintenance and service |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
KOMIPO Service Co., Ltd. |  | Facility maintenance and service |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
KOWEPO Service Co., Ltd. |  | Facility maintenance and service |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
KOSPO Service Co., Ltd. |  | Facility maintenance and service |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
EWP Service Co., Ltd. |  | Facility maintenance and service |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
PT. KOMIPO Energy Indonesia |  | Utility plant maintenance and others |  | INDONESIA |  |  | 95.00 | % |  |  | 95.00 | %
KNF Partners Co., Ltd. |  | Facility maintenance |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
KOSPO USA Inc. |  | Holding company |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
Nambu USA LLC |  | Holding company |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
Tamra Offshore Wind Power Co., Ltd. |  | Power generation |  | KOREA |  |  | 63.00 | % |  |  | 63.00 | %
KEPCO MCS Co., Ltd. |  | Electric meter reading and others |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO FMS Co., Ltd. |  | Security service and others |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
Firstkeepers Co., Ltd. |  | Facility maintenance |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
Secutec Co., Ltd. |  | Security service |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
SE Green Energy Co., Ltd. |  | Power generation |  | KOREA |  |  | 84.80 | % |  |  | 84.80 | %
KEPCO Mangilao America LLC(*6) |  | Holding company |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
Mangilao Intermediate Holdings LLC |  | Holding company |  | USA |  |  | 100.00 | % |  |  | 100.00 | %
KEPCO CSC Co., Ltd. |  | Facility maintenance and service |  | KOREA |  |  | 100.00 | % |  |  | 100.00 | %
KOAK Power Limited |  | Facility maintenance |  | PAKISTAN |  |  | 100.00 | % |  |  | 100.00 | %
KOMIPO Europe B.V. |  | Holding company |  | NETHERLANDS |  |  | 100.00 | % |  |  | 100.00 | %
Haenanum Energy Fund |  | Holding company |  | KOREA |  |  | 99.64 | % |  |  | 99.64 | %
Paju Ecoenergy Co., Ltd. |  | Power generation |  | KOREA |  |  | 89.00 | % |  |  | 89.00 | %
Guam Ukudu Power LLC |  | Power generation |  | USA |  |  | — |  |  |  | 100.00 | %
TS Energy No. 25 Co., Ltd. |  | Power generation |  | KOREA |  |  | — |  |  |  | 90.00 | %
KPS Partners Co., Ltd. |  | Facility maintenance and service |  | KOREA |  |  | — |  |  |  | 100.00 | %
KEPCO E&C Service Co., Ltd. |  | Facility maintenance and service |  | KOREA |  |  | — |  |  |  | 100.00 | %
Moha Solar Co., Ltd. |  | Power generation |  | KOREA |  |  | — |  |  |  | 100.00 | %
Ogiri Solar Power Co., Ltd. |  | Power generation |  | KOREA |  |  | — |  |  |  | 70.00 | %
KHNP USA LLC |  | Holding company |  | USA |  |  | — |  |  |  | 100.00 | %
KOMIPO Vanphong Power Service LLC |  | Utility plant maintenance and others |  | VIETNAM |  |  | — |  |  |  | 100.00 | %
Energy Innovation Fund I |  | Holding company |  | KOREA |  |  | — |  |  |  | 71.91 | %
(*1) | Considering treasury stocks, the effective percentage of ownership is 66.08%.
(*2) | The effective percentage of ownership is less than 50%. However, this subsidiary is included in the consolidated financial statements as the Company obtained the majority of the voting power through the shareholders’ agreement.
(*3) | As of the reporting date, the annual reporting period of all subsidiaries is December 31, except for Mira Power Limited which is November 30.
(*4) | The Company guarantees a certain return on investment related to Commerce and Industry Energy Co., Ltd. for the financial investors. The financial investors have a right to sell their shares to the Company which can be exercised 84 months after the date of investment. Accordingly, the purchase price including the return on investment is classified as a liability.
(*5) | As of the end of the reporting period, the Company does not have a shareholding; however, this subsidiary is included in the consolidated financial statements as the Company has control over the entity by virtue of the right to nominate all 4 members of the board of directors.
(*6) | As of the end of the reporting period, the Company does not have a shareholding; however, this subsidiary is included in the consolidated financial statements as the Company has control over the entity by virtue of the right to nominate the CEO and key management members.
(*7) | As 100% of the shares held were sold after the end of the reporting period, the assets of DG Fairhaven Power, LLC were classified as assets held-for-sale.
(2) | Subsidiaries newly included in and excluded from consolidation for the year ended December 31, 2020 are as follows:
Subsidiaries included in consolidation during the year ended December 31, 2020.
Subsidiaries |  | Reason
Guam Ukudu Power LLC |  | Newly established
TS Energy No. 25 Co., Ltd. |  | New investment
KPS Partners Co., Ltd. |  | Newly established
KEPCO E&C Service Co., Ltd. |  | Newly established
Moha Solar Co., Ltd. |  | New investment
Ogiri Solar Power Co., Ltd. |  | Newly established
KHNP USA LLC |  | Newly established
KOMIPO Vanphong Power Service LLC |  | Newly established
Energy Innovation Fund I |  | Additional acquisition
BSK E-New Industry Fund X |  | Newly established
Subsidiaries excluded from consolidation during the year ended December 31, 2020.
Subsidiaries |  | Reason
EWP Philippines Corporation |  | Liquidation
DG Whitefield, LLC |  | Sale of shares
Springfield Power, LLC |  | Sale of shares
(3) | Summary of financial information of consolidated subsidiaries as of and for the years ended December 31, 2019 and 2020 are as follows:
2019 |
Subsidiaries |  |  |  |  | Total assets |  |  | Total liabilities |  |  | Sales |  |  | Profit (loss) for the year |
|  |  |  |  | In millions of won |
Korea Hydro & Nuclear Power Co., Ltd. |  | ￦ |  |  |  |  | 59,570,219 |  |  |  | 33,917,275 |  |  |  | 8,969,072 |  |  |  | 306,007 |
Korea South-East Power Co., Ltd. |  |  |  |  |  |  | 10,938,358 |  |  |  | 5,866,642 |  |  |  | 5,385,387 |  |  |  | 41,006 |
Korea Midland Power Co., Ltd. |  |  |  |  |  |  | 12,684,828 |  |  |  | 8,977,766 |  |  |  | 4,479,707 |  |  |  | (28,449 | )
Korea Western Power Co., Ltd. |  |  |  |  |  |  | 10,514,438 |  |  |  | 6,637,451 |  |  |  | 4,448,992 |  |  |  | (46,061 | )
Korea Southern Power Co., Ltd. |  |  |  |  |  |  | 10,884,799 |  |  |  | 6,608,301 |  |  |  | 5,084,907 |  |  |  | (41,342 | )
Korea East-West Power Co., Ltd. |  |  |  |  |  |  | 9,724,311 |  |  |  | 5,022,921 |  |  |  | 4,855,964 |  |  |  | 56,698 |
KEPCO Engineering & Construction Company, Inc. |  |  |  |  |  |  | 735,207 |  |  |  | 242,994 |  |  |  | 448,635 |  |  |  | 26,398 |
KEPCO Plant Service & Engineering Co., Ltd. |  |  |  |  |  |  | 1,356,983 |  |  |  | 294,757 |  |  |  | 1,244,613 |  |  |  | 157,737 |
KEPCO Nuclear Fuel Co., Ltd. |  |  |  |  |  |  | 831,604 |  |  |  | 429,799 |  |  |  | 309,055 |  |  |  | 24,618 |
KEPCO KDN Co., Ltd. |  |  |  |  |  |  | 604,458 |  |  |  | 159,807 |  |  |  | 625,567 |  |  |  | 42,205 |
KEPCO International HongKong Ltd. |  |  |  |  |  |  | 138,942 |  |  |  | 633 |  |  |  | — |  |  |  | 3,330 |
KEPCO International Philippines Inc. |  |  |  |  |  |  | 107,224 |  |  |  | 371 |  |  |  | — |  |  |  | 67,991 |
KEPCO Gansu International Ltd. |  |  |  |  |  |  | 10,448 |  |  |  | 545 |  |  |  | — |  |  |  | (20 | )
KEPCO Philippines Holdings Inc. |  |  |  |  |  |  | 200,503 |  |  |  | 6,656 |  |  |  | — |  |  |  | 66,200 |
KEPCO Philippines Corporation |  |  |  |  |  |  | 6,706 |  |  |  | 332 |  |  |  | — |  |  |  | (52 | )
KEPCO Ilijan Corporation |  |  |  |  |  |  | 371,377 |  |  |  | 56,156 |  |  |  | 95,072 |  |  |  | 40,818 |
KEPCO Lebanon SARL |  |  |  |  |  |  | 1,835 |  |  |  | 9,786 |  |  |  | — |  |  |  | 255 |
KEPCO Neimenggu International Ltd. |  |  |  |  |  |  | 200,858 |  |  |  | — |  |  |  | — |  |  |  | (354 | )
KEPCO Shanxi International Ltd. |  |  |  |  |  |  | 538,604 |  |  |  | 208,895 |  |  |  | — |  |  |  | 151 |
KOMIPO Global Pte Ltd. |  |  |  |  |  |  | 269,302 |  |  |  | 463 |  |  |  | — |  |  |  | 10,400 |
KEPCO Netherlands B.V. |  |  |  |  |  |  | 122,577 |  |  |  | 101 |  |  |  | — |  |  |  | 948 |
Korea Imouraren Uranium Investment Corp. |  |  |  |  |  |  | 14,173 |  |  |  | 111 |  |  |  | — |  |  |  | (49,716 | )
KEPCO Australia Pty., Ltd. |  |  |  |  |  |  | 364 |  |  |  | 14 |  |  |  | — |  |  |  | (395,914 | )
KOSEP Australia Pty., Ltd. |  |  |  |  |  |  | 32,782 |  |  |  | 2,911 |  |  |  | 15,514 |  |  |  | 3,935 |
KOMIPO Australia Pty., Ltd. |  |  |  |  |  |  | 40,898 |  |  |  | 2,909 |  |  |  | 15,514 |  |  |  | 3,766 |
KOWEPO Australia Pty., Ltd. |  |  |  |  |  |  | 44,182 |  |  |  | 5,772 |  |  |  | 15,514 |  |  |  | 2,761 |
KOSPO Australia Pty., Ltd. |  |  |  |  |  |  | 37,254 |  |  |  | 5,012 |  |  |  | 15,514 |  |  |  | 2,638 |
KEPCO Middle East Holding Company |  |  |  |  |  |  | 102,164 |  |  |  | 87,834 |  |  |  | — |  |  |  | 5,934 |
Qatrana Electric Power Company |  |  |  |  |  |  | 490,723 |  |  |  | 322,857 |  |  |  | 20,773 |  |  |  | 21,807 |
2019 |
Subsidiaries |  |  |  |  | Total assets |  |  | Total liabilities |  |  | Sales |  |  | Profit (loss) for the year |
|  |  |  |  | In millions of won |
KHNP Canada Energy, Ltd. |  | ￦ |  |  |  |  | 44,639 |  |  |  | 43 |  |  |  | — |  |  |  | (10 | )
KEPCO Bylong Australia Pty., Ltd. |  |  |  |  |  |  | 45,207 |  |  |  | 355,163 |  |  |  | — |  |  |  | (220,909 | )
Korea Waterbury Uranium Limited Partnership |  |  |  |  |  |  | 20,717 |  |  |  | 167 |  |  |  | — |  |  |  | (77 | )
KEPCO Holdings de Mexico |  |  |  |  |  |  | 187 |  |  |  | 25 |  |  |  | — |  |  |  | (14 | )
KST Electric Power Company |  |  |  |  |  |  | 539,952 |  |  |  | 449,459 |  |  |  | 55,783 |  |  |  | (20,797 | )
KEPCO Energy Service Company |  |  |  |  |  |  | 2,262 |  |  |  | 1,995 |  |  |  | 5,984 |  |  |  | (481 | )
KEPCO Netherlands S3 B.V. |  |  |  |  |  |  | 50,352 |  |  |  | 49 |  |  |  | — |  |  |  | 2,637 |
PT. KOMIPO Pembangkitan Jawa Bali |  |  |  |  |  |  | 12,391 |  |  |  | 5,719 |  |  |  | 18,722 |  |  |  | 4,312 |
PT. Cirebon Power Service |  |  |  |  |  |  | 2,089 |  |  |  | 313 |  |  |  | 8,049 |  |  |  | 406 |
KOWEPO International Corporation |  |  |  |  |  |  | — |  |  |  | 10 |  |  |  | — |  |  |  | (2 | )
KOSPO Jordan LLC |  |  |  |  |  |  | 17,489 |  |  |  | 1,521 |  |  |  | 10,878 |  |  |  | 2,634 |
EWP Philippines Corporation |  |  |  |  |  |  | 1,691 |  |  |  | 888 |  |  |  | — |  |  |  | (111 | )
EWP America Inc.(*1) |  |  |  |  |  |  | 66,622 |  |  |  | 2,619 |  |  |  | 21,719 |  |  |  | (6,497 | )
KNF Canada Energy Limited |  |  |  |  |  |  | 1,933 |  |  |  | 24 |  |  |  | — |  |  |  | (48 | )
EWP Barbados 1 SRL |  |  |  |  |  |  | 279,295 |  |  |  | 1,031 |  |  |  | 2,914 |  |  |  | 2,368 |
Gyeonggi Green Energy Co., Ltd. |  |  |  |  |  |  | 194,425 |  |  |  | 159,078 |  |  |  | 13,717 |  |  |  | (73,394 | )
PT. Tanggamus Electric Power |  |  |  |  |  |  | 228,601 |  |  |  | 195,826 |  |  |  | 2,256 |  |  |  | (4,529 | )
Gyeongju Wind Power Co., Ltd. |  |  |  |  |  |  | 113,745 |  |  |  | 75,427 |  |  |  | 15,548 |  |  |  | 3,384 |
KOMIPO America Inc. |  |  |  |  |  |  | 9,424 |  |  |  | 593 |  |  |  | 118 |  |  |  | (1,033 | )
KOSEP USA, Inc. |  |  |  |  |  |  | 1 |  |  |  | 5,147 |  |  |  | — |  |  |  | (119 | )
PT. EWP Indonesia |  |  |  |  |  |  | 34,455 |  |  |  | 5 |  |  |  | — |  |  |  | 5,124 |
KEPCO Netherlands J3 B.V. |  |  |  |  |  |  | 120,006 |  |  |  | 74 |  |  |  | — |  |  |  | (79 | )
Korea Offshore Wind Power Co., Ltd. |  |  |  |  |  |  | 284,495 |  |  |  | 117,527 |  |  |  | — |  |  |  | (12,768 | )
Global One Pioneer B.V. |  |  |  |  |  |  | 180 |  |  |  | 73 |  |  |  | — |  |  |  | (86 | )
Global Energy Pioneer B.V. |  |  |  |  |  |  | 348 |  |  |  | 80 |  |  |  | — |  |  |  | (90 | )
Mira Power Limited |  |  |  |  |  |  | 356,111 |  |  |  | 285,577 |  |  |  | — |  |  |  | (971 | )
KOSEP Material Co., Ltd. |  |  |  |  |  |  | 2,788 |  |  |  | 1,186 |  |  |  | 3,357 |  |  |  | 22 |
Commerce and Industry Energy Co., Ltd. |  |  |  |  |  |  | 90,637 |  |  |  | 43,985 |  |  |  | 32,728 |  |  |  | (7,532 | )
KEPCO KPS Philippines Corp. |  |  |  |  |  |  | 5,198 |  |  |  | 1,341 |  |  |  | 6,246 |  |  |  | 2 |
KOSPO Chile SpA |  |  |  |  |  |  | 134,827 |  |  |  | 49,183 |  |  |  | — |  |  |  | (456 | )
PT. KOWEPO Sumsel Operation And Maintenance Services |  |  |  |  |  |  | 135 |  |  |  | 262 |  |  |  | — |  |  |  | (1,104 | )
Hee mang sunlight Power Co., Ltd. |  |  |  |  |  |  | 12,185 |  |  |  | 8,545 |  |  |  | 643 |  |  |  | 75 |
Fujeij Wind Power Company |  |  |  |  |  |  | 218,333 |  |  |  | 196,964 |  |  |  | — |  |  |  | 5,515 |
KOSPO Youngnam Power Co., Ltd. |  |  |  |  |  |  | 398,495 |  |  |  | 307,226 |  |  |  | 318,338 |  |  |  | 3,514 |
VI Carbon Professional Private Special Asset Investment Trust 1 |  |  |  |  |  |  | 3,002 |  |  |  | — |  |  |  | — |  |  |  | 12 |
Chitose Solar Power Plant LLC |  |  |  |  |  |  | 121,457 |  |  |  | 106,254 |  |  |  | 17,103 |  |  |  | 5,480 |
KEPCO Energy Solution Co., Ltd. |  |  |  |  |  |  | 308,188 |  |  |  | 2,142 |  |  |  | 2,843 |  |  |  | 2,805 |
2019 |
Subsidiaries |  |  |  |  | Total assets |  |  | Total liabilities |  |  | Sales |  |  | Profit (loss) for the year |
|  |  |  |  | In millions of won |
KEPCO Solar Co., Ltd. (formerly, Solar School Plant Co., Ltd.) |  | ￦ |  |  |  |  | 208,730 |  |  |  | 3,269 |  |  |  | 1,962 |  |  |  | 2,553 |
KOSPO Power Services Ltda. |  |  |  |  |  |  | 3,244 |  |  |  | 1,564 |  |  |  | 10,013 |  |  |  | 452 |
Energy New Industry Specialized Investment Private Investment Trust(*2) |  |  |  |  |  |  | 100,116 |  |  |  | 17,359 |  |  |  | 2,418 |  |  |  | (7,735 | )
KOEN Bylong Pty., Ltd. |  |  |  |  |  |  | — |  |  |  | 39 |  |  |  | — |  |  |  | (14 | )
KOMIPO Bylong Pty., Ltd. |  |  |  |  |  |  | 4 |  |  |  | 43 |  |  |  | — |  |  |  | (14 | )
KOWEPO Bylong Pty., Ltd. |  |  |  |  |  |  | 4 |  |  |  | 40 |  |  |  | — |  |  |  | (12 | )
KOSPO Bylong Pty., Ltd. |  |  |  |  |  |  | 4 |  |  |  | 40 |  |  |  | — |  |  |  | (12 | )
EWP Bylong Pty., Ltd. |  |  |  |  |  |  | 4 |  |  |  | 40 |  |  |  | — |  |  |  | (12 | )
KOWEPO Lao International |  |  |  |  |  |  | 5,430 |  |  |  | 575 |  |  |  | 4,308 |  |  |  | 1,584 |
KEPCO US Inc. |  |  |  |  |  |  | 17,231 |  |  |  | — |  |  |  | — |  |  |  | — |
KEPCO Alamosa LLC |  |  |  |  |  |  | 33,515 |  |  |  | 183 |  |  |  | 145 |  |  |  | (311 | )
KEPCO Solar of Alamosa, LLC (formerly, Cogentrix of Alamosa, LLC) |  |  |  |  |  |  | 65,468 |  |  |  | 50,348 |  |  |  | 8,739 |  |  |  | (1,902 | )
KEPCO-LG CNS Mangilao Holdings LLC |  |  |  |  |  |  | 27,439 |  |  |  | 30,287 |  |  |  | — |  |  |  | (1,240 | )
Mangilao Investment LLC |  |  |  |  |  |  | 39,972 |  |  |  | — |  |  |  | — |  |  |  | — |
KEPCO-LG CNS Mangilao Solar, LLC |  |  |  |  |  |  | 39,373 |  |  |  | 11 |  |  |  | — |  |  |  | (524 | )
Jeju Hanlim Offshore Wind Co., Ltd. |  |  |  |  |  |  | 14,328 |  |  |  | 558 |  |  |  | — |  |  |  | (2,459 | )
PT. Siborpa Eco Power |  |  |  |  |  |  | 11,574 |  |  |  | 71 |  |  |  | — |  |  |  | (1,165 | )
PT. Korea Energy Indonesia |  |  |  |  |  |  | 1,592 |  |  |  | 121 |  |  |  | 2,462 |  |  |  | 323 |
KOLAT SpA |  |  |  |  |  |  | 31,178 |  |  |  | 167 |  |  |  | 656 |  |  |  | (296 | )
KEPCO California, LLC |  |  |  |  |  |  | 44,074 |  |  |  | 936 |  |  |  | 358 |  |  |  | (513 | )
KEPCO Mojave Holdings, LLC |  |  |  |  |  |  | 103,815 |  |  |  | 69,544 |  |  |  | — |  |  |  | (4,215 | )
Incheon Fuel Cell Co., Ltd. |  |  |  |  |  |  | 22,669 |  |  |  | 475 |  |  |  | — |  |  |  | (1,010 | )
KOEN Service Co., Ltd. |  |  |  |  |  |  | 5,347 |  |  |  | 4,252 |  |  |  | 25,890 |  |  |  | 543 |
KOMIPO Service Co., Ltd. |  |  |  |  |  |  | 3,327 |  |  |  | 2,622 |  |  |  | 24,556 |  |  |  | 146 |
KOWEPO Service Co., Ltd. |  |  |  |  |  |  | 4,228 |  |  |  | 3,302 |  |  |  | 23,982 |  |  |  | 389 |
KOSPO Service Co., Ltd. |  |  |  |  |  |  | 3,493 |  |  |  | 2,788 |  |  |  | 18,741 |  |  |  | 135 |
EWP Service Co., Ltd. |  |  |  |  |  |  | 4,786 |  |  |  | 4,064 |  |  |  | 20,837 |  |  |  | 162 |
PT. KOMIPO Energy Indonesia |  |  |  |  |  |  | 2,647 |  |  |  | 196 |  |  |  | 1,392 |  |  |  | 79 |
KNF partners Co., Ltd. |  |  |  |  |  |  | 1,378 |  |  |  | 890 |  |  |  | 3,383 |  |  |  | 187 |
KOSPO USA Inc. |  |  |  |  |  |  | 5,896 |  |  |  | 127 |  |  |  | — |  |  |  | (1,408 | )
Nambu USA LLC |  |  |  |  |  |  | 245 |  |  |  | 1 |  |  |  | — |  |  |  | 245 |
Tamra Offshore Wind Power Co., Ltd. |  |  |  |  |  |  | 156,708 |  |  |  | 121,724 |  |  |  | 19,670 |  |  |  | 1,154 |
KEPCO MCS Co., Ltd. |  |  |  |  |  |  | 26,510 |  |  |  | 22,151 |  |  |  | 129,393 |  |  |  | 3,408 |
KEPCO FMS Co., Ltd. |  |  |  |  |  |  | 11,336 |  |  |  | 10,638 |  |  |  | 37,627 |  |  |  | 198 |
Firstkeepers Co., Ltd. |  |  |  |  |  |  | 1,552 |  |  |  | 2,800 |  |  |  | 121 |  |  |  | (2,239 | )
Secutec Co., Ltd. |  |  |  |  |  |  | 322 |  |  |  | 229 |  |  |  | — |  |  |  | (597 | )
SE Green Energy Co., Ltd. |  |  |  |  |  |  | 132,727 |  |  |  | 105,619 |  |  |  | — |  |  |  | 816 |
2019 |
Subsidiaries |  |  |  |  | Total assets |  |  | Total liabilities |  |  | Sales |  |  | Profit (loss) for the year |
|  |  |  |  | In millions of won |
KEPCO Mangilao America LLC |  | ￦ |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mangilao Intermediate Holdings LLC |  |  |  |  |  |  | 13,220 |  |  |  | 12,774 |  |  |  | — |  |  |  | (66 | )
KEPCO CSC Co., Ltd. |  |  |  |  |  |  | 837 |  |  |  | 51 |  |  |  | — |  |  |  | (14 | )
KOAK Power Limited |  |  |  |  |  |  | 15,930 |  |  |  | — |  |  |  | — |  |  |  | — |
KOMIPO Europe B.V. |  |  |  |  |  |  | 7,362 |  |  |  | — |  |  |  | — |  |  |  | (286 | )
Haenanum Energy Fund |  |  |  |  |  |  | 28,101 |  |  |  | 1 |  |  |  | — |  |  |  | 1 |
Paju Ecoenergy Co., Ltd. |  |  |  |  |  |  | 53,839 |  |  |  | — |  |  |  | — |  |  |  | — |
| (*1) | Financial information of EWP America Inc. includes that of six other subsidiaries, EWP Renewable Corporation, DG Fairhaven Power, LLC, DG Whitefield, LLC, Springfield Power, LLC, California Power Holdings, LLC, and EWPRC Biomass Holdings, LLC.
| (*2) | Financial information of Energy New Industry Specialized Investment Private Investment Trust includes that of three other subsidiaries, BSK E-New Industry Fund VII, e-New Industry LB Fund 1 and Songhyun e-New Industry Fund.
2020 |
Subsidiaries |  |  |  |  | Total assets |  |  | Total liabilities |  |  | Sales |  |  | Profit (loss) for the year |
|  |  |  |  | In millions of won |
Korea Hydro & Nuclear Power Co., Ltd. |  | ￦ |  |  |  |  | 61,859,753 |  |  |  | 35,652,467 |  |  |  | 9,938,941 |  |  |  | 647,641 |
Korea South-East Power Co., Ltd. |  |  |  |  |  |  | 10,858,645 |  |  |  | 5,954,129 |  |  |  | 4,258,904 |  |  |  | (139,149 | )
Korea Midland Power Co., Ltd. |  |  |  |  |  |  | 13,028,436 |  |  |  | 9,357,603 |  |  |  | 4,293,364 |  |  |  | (29,880 | )
Korea Western Power Co., Ltd. |  |  |  |  |  |  | 10,357,023 |  |  |  | 6,594,779 |  |  |  | 3,605,986 |  |  |  | (108,953 | )
Korea Southern Power Co., Ltd. |  |  |  |  |  |  | 10,658,015 |  |  |  | 6,411,524 |  |  |  | 4,015,941 |  |  |  | (17,588 | )
Korea East-West Power Co., Ltd. |  |  |  |  |  |  | 9,619,485 |  |  |  | 4,974,645 |  |  |  | 4,155,416 |  |  |  | (65,427 | )
KEPCO Engineering & Construction Company, Inc. |  |  |  |  |  |  | 699,244 |  |  |  | 200,169 |  |  |  | 431,723 |  |  |  | 20,160 |
KEPCO Plant Service & Engineering Co., Ltd. |  |  |  |  |  |  | 1,345,857 |  |  |  | 296,515 |  |  |  | 1,299,186 |  |  |  | 85,916 |
KEPCO Nuclear Fuel Co., Ltd. |  |  |  |  |  |  | 798,368 |  |  |  | 390,155 |  |  |  | 331,228 |  |  |  | 14,542 |
KEPCO KDN Co., Ltd. |  |  |  |  |  |  | 647,496 |  |  |  | 174,192 |  |  |  | 641,308 |  |  |  | 45,207 |
KEPCO International HongKong Ltd. |  |  |  |  |  |  | 120,213 |  |  |  | — |  |  |  | — |  |  |  | 1,571 |
KEPCO International Philippines Inc. |  |  |  |  |  |  | 133,215 |  |  |  | 366 |  |  |  | — |  |  |  | 35,182 |
KEPCO Gansu International Ltd. |  |  |  |  |  |  | 7,753 |  |  |  | 512 |  |  |  | — |  |  |  | (19 | )
KEPCO Philippines Holdings Inc. |  |  |  |  |  |  | 187,375 |  |  |  | 127 |  |  |  | — |  |  |  | 65,792 |
KEPCO Philippines Corporation |  |  |  |  |  |  | 6,173 |  |  |  | 17 |  |  |  | — |  |  |  | (187 | )
KEPCO Ilijan Corporation |  |  |  |  |  |  | 322,066 |  |  |  | 47,234 |  |  |  | 81,400 |  |  |  | 39,443 |
KEPCO Lebanon SARL |  |  |  |  |  |  | 1,669 |  |  |  | 9,195 |  |  |  | — |  |  |  | (59 | )
KEPCO Neimenggu International Ltd. |  |  |  |  |  |  | 213,444 |  |  |  | 2,492 |  |  |  | — |  |  |  | 26,593 |
KEPCO Shanxi International Ltd. |  |  |  |  |  |  | 508,363 |  |  |  | 196,408 |  |  |  | — |  |  |  | 2,278 |
KOMIPO Global Pte Ltd. |  |  |  |  |  |  | 263,378 |  |  |  | 656 |  |  |  | — |  |  |  | 12,460 |
KEPCO Netherlands B.V. |  |  |  |  |  |  | 117,449 |  |  |  | 71 |  |  |  | — |  |  |  | 14,503 |
Korea Imouraren Uranium Investment Corp. |  |  |  |  |  |  | 13,955 |  |  |  | 123 |  |  |  | — |  |  |  | (675 | )
KEPCO Australia Pty., Ltd. |  |  |  |  |  |  | 451 |  |  |  | 17 |  |  |  | — |  |  |  | 71 |
KOSEP Australia Pty., Ltd. |  |  |  |  |  |  | 34,249 |  |  |  | 3,500 |  |  |  | 14,327 |  |  |  | 2,150 |
KOMIPO Australia Pty., Ltd. |  | ￦ |  |  |  |  | 45,250 |  |  |  | 3,782 |  |  |  | 14,327 |  |  |  | 2,685 |
KOWEPO Australia Pty., Ltd. |  |  |  |  |  |  | 44,270 |  |  |  | 2,909 |  |  |  | 14,327 |  |  |  | 1,663 |
KOSPO Australia Pty., Ltd. |  |  |  |  |  |  | 38,341 |  |  |  | 2,750 |  |  |  | 14,327 |  |  |  | 2,242 |
KEPCO Middle East Holding Company |  |  |  |  |  |  | 90,601 |  |  |  | 78,553 |  |  |  | — |  |  |  | (1,539 | )
Qatrana Electric Power Company |  |  |  |  |  |  | 464,507 |  |  |  | 287,859 |  |  |  | 21,279 |  |  |  | 24,717 |
KHNP Canada Energy, Ltd. |  |  |  |  |  |  | 63,794 |  |  |  | 26 |  |  |  | — |  |  |  | (7 | )
KEPCO Bylong Australia Pty., Ltd. |  |  |  |  |  |  | 44,691 |  |  |  | 349,542 |  |  |  | — |  |  |  | 16,897 |
Korea Waterbury Uranium Limited Partnership |  |  |  |  |  |  | 20,908 |  |  |  | 165 |  |  |  | — |  |  |  | (76 | )
KEPCO Holdings de Mexico |  |  |  |  |  |  | 148 |  |  |  | 27 |  |  |  | — |  |  |  | (14 | )
KST Electric Power Company, S.A.P.I. de C.V. |  |  |  |  |  |  | 531,367 |  |  |  | 410,743 |  |  |  | 65,695 |  |  |  | 37,899 |
KEPCO Energy Service Company |  |  |  |  |  |  | 2,255 |  |  |  | 994 |  |  |  | 5,880 |  |  |  | 507 |
KEPCO Netherlands S3 B.V. |  |  |  |  |  |  | 44,042 |  |  |  | 54 |  |  |  | — |  |  |  | 2,833 |
PT. KOMIPO Pembangkitan Jawa Bali |  |  |  |  |  |  | 12,946 |  |  |  | 3,298 |  |  |  | 20,306 |  |  |  | 4,775 |
PT. Cirebon Power Service |  |  |  |  |  |  | 1,825 |  |  |  | 550 |  |  |  | 8,642 |  |  |  | 344 |
KOWEPO International Corporation |  |  |  |  |  |  | — |  |  |  | 10 |  |  |  | — |  |  |  | — |
KOSPO Jordan LLC |  |  |  |  |  |  | 31,620 |  |  |  | 15,654 |  |  |  | 9,356 |  |  |  | 1,570 |
EWP America Inc.(*1) |  |  |  |  |  |  | 37,681 |  |  |  | 2,683 |  |  |  | 14,312 |  |  |  | (14,327 | )
KNF Canada Energy Limited |  |  |  |  |  |  | 1,871 |  |  |  | 22 |  |  |  | — |  |  |  | (50 | )
EWP Barbados 1 SRL |  |  |  |  |  |  | 313,409 |  |  |  | 1,170 |  |  |  | 2,950 |  |  |  | 44,729 |
Gyeonggi Green Energy Co., Ltd. |  |  |  |  |  |  | 265,768 |  |  |  | 240,366 |  |  |  | 64,660 |  |  |  | (9,968 | )
PT. Tanggamus Electric Power |  |  |  |  |  |  | 217,730 |  |  |  | 184,057 |  |  |  | 3,491 |  |  |  | 11,942 |
Gyeongju Wind Power Co., Ltd. |  |  |  |  |  |  | 105,726 |  |  |  | 68,629 |  |  |  | 13,939 |  |  |  | 2,108 |
KOMIPO America Inc. |  |  |  |  |  |  | 105,926 |  |  |  | 918 |  |  |  | 342 |  |  |  | (1,783 | )
KOSEP USA, Inc. |  |  |  |  |  |  | 1 |  |  |  | 4,837 |  |  |  | — |  |  |  | — |
PT. EWP Indonesia |  |  |  |  |  |  | 33,900 |  |  |  | 1,125 |  |  |  | — |  |  |  | 7,083 |
KEPCO Netherlands J3 B.V. |  |  |  |  |  |  | 138,824 |  |  |  | 84 |  |  |  | — |  |  |  | 28,242 |
Korea Offshore Wind Power Co., Ltd. |  |  |  |  |  |  | 354,643 |  |  |  | 187,576 |  |  |  | 26,838 |  |  |  | 98 |
Global One Pioneer B.V. |  |  |  |  |  |  | 177 |  |  |  | 60 |  |  |  | — |  |  |  | (76 | )
Global Energy Pioneer B.V. |  |  |  |  |  |  | 338 |  |  |  | 64 |  |  |  | — |  |  |  | (70 | )
Mira Power Limited |  |  |  |  |  |  | 348,737 |  |  |  | 266,565 |  |  |  | 31,172 |  |  |  | (2,960 | )
KOSEP Material Co., Ltd. |  |  |  |  |  |  | 2,312 |  |  |  | 429 |  |  |  | 3,457 |  |  |  | 189 |
Commerce and Industry Energy Co., Ltd. |  |  |  |  |  |  | 89,681 |  |  |  | 41,384 |  |  |  | 31,603 |  |  |  | 1,623 |
KEPCO KPS Philippines Corp. |  |  |  |  |  |  | 3,119 |  |  |  | 284 |  |  |  | 5,151 |  |  |  | 158 |
KOSPO Chile SpA |  |  |  |  |  |  | 128,795 |  |  |  | 48,813 |  |  |  | — |  |  |  | (542 | )
PT. KOWEPO Sumsel Operation And Maintenance Services |  |  |  |  |  |  | 108 |  |  |  | 241 |  |  |  | — |  |  |  | (15 | )
Hee mang sunlight Power Co., Ltd. |  |  |  |  |  |  | 7,261 |  |  |  | 4,339 |  |  |  | 423 |  |  |  | (142 | )
Fujeij Wind Power Company |  |  |  |  |  |  | 194,844 |  |  |  | 174,051 |  |  |  | — |  |  |  | 13,720 |
KOSPO Youngnam Power Co., Ltd. |  |  |  |  |  |  | 389,071 |  |  |  | 294,408 |  |  |  | 254,966 |  |  |  | 3,405 |
VI Carbon Professional Private Special Asset Investment Trust 1 |  |  |  |  |  |  | 3,006 |  |  |  | 4 |  |  |  | — |  |  |  | 7 |
Chitose Solar Power Plant LLC |  |  |  |  |  |  | 133,643 |  |  |  | 118,783 |  |  |  | 17,073 |  |  |  | 1,521 |
KEPCO Energy Solution Co., Ltd. |  |  |  |  |  |  | 313,754 |  |  |  | 4,093 |  |  |  | 5,585 |  |  |  | 3,656 |
KEPCO Solar Co., Ltd. (formerly, Solar School Plant Co., Ltd.) |  |  |  |  |  |  | 230,443 |  |  |  | 23,098 |  |  |  | 3,933 |  |  |  | 1,888 |
KOSPO Power Services Ltda. |  | ￦ |  |  |  |  | 4,354 |  |  |  | 1,644 |  |  |  | 10,846 |  |  |  | 1,011 |
Energy New Industry Specialized Investment Private Investment Trust(*2) |  |  |  |  |  |  | 279,489 |  |  |  | 24,173 |  |  |  | 23,682 |  |  |  | 8,248 |
KOEN Bylong Pty., Ltd. |  |  |  |  |  |  | 6 |  |  |  | 75 |  |  |  | — |  |  |  | (11 | )
KOMIPO Bylong Pty., Ltd. |  |  |  |  |  |  | 7 |  |  |  | 76 |  |  |  | — |  |  |  | (11 | )
KOWEPO Bylong Pty., Ltd. |  |  |  |  |  |  | 6 |  |  |  | 64 |  |  |  | — |  |  |  | — |
KOSPO Bylong Pty., Ltd. |  |  |  |  |  |  | 153 |  |  |  | 213 |  |  |  | — |  |  |  | (2 | )
EWP Bylong Pty., Ltd. |  |  |  |  |  |  | 6 |  |  |  | 35 |  |  |  | — |  |  |  | 28 |
KOWEPO Lao International |  |  |  |  |  |  | 8,982 |  |  |  | 392 |  |  |  | 8,466 |  |  |  | 4,706 |
KEPCO US Inc. |  |  |  |  |  |  | 16,154 |  |  |  | — |  |  |  | — |  |  |  | (21 | )
KEPCO Alamosa LLC |  |  |  |  |  |  | 31,353 |  |  |  | 270 |  |  |  | 127 |  |  |  | (237 | )
KEPCO Solar of Alamosa, LLC |  |  |  |  |  |  | 68,336 |  |  |  | 42,910 |  |  |  | 9,096 |  |  |  | (2,052 | )
KEPCO Mangilao Holdings LLC (formerly, KEPCO-LG CNS Mangilao Holdings LLC) |  |  |  |  |  |  | 25,785 |  |  |  | 28,924 |  |  |  | — |  |  |  | (502 | )
Mangilao Investment LLC |  |  |  |  |  |  | 38,090 |  |  |  | 14 |  |  |  | — |  |  |  | (15 | )
KEPCO Mangilao Solar, LLC (formerly, KEPCO-LG CNS Mangilao Solar, LLC) |  |  |  |  |  |  | 69,830 |  |  |  | 34,029 |  |  |  | — |  |  |  | (253 | )
Jeju Hanlim Offshore Wind Co., Ltd. |  |  |  |  |  |  | 20,525 |  |  |  | 9,805 |  |  |  | — |  |  |  | (3,049 | )
PT. Siborpa Eco Power |  |  |  |  |  |  | 10,491 |  |  |  | 14 |  |  |  | — |  |  |  | (361 | )
PT. Korea Energy Indonesia |  |  |  |  |  |  | 1,746 |  |  |  | 196 |  |  |  | 2,428 |  |  |  | 190 |
KOLAT SpA |  |  |  |  |  |  | 31,109 |  |  |  | 425 |  |  |  | 243 |  |  |  | (216 | )
KEPCO California, LLC |  |  |  |  |  |  | 41,973 |  |  |  | 4,683 |  |  |  | — |  |  |  | (1,330 | )
KEPCO Mojave Holdings, LLC |  |  |  |  |  |  | 95,326 |  |  |  | 67,138 |  |  |  | — |  |  |  | (4,358 | )
Incheon Fuel Cell Co., Ltd. |  |  |  |  |  |  | 192,184 |  |  |  | 170,976 |  |  |  | — |  |  |  | (979 | )
KOEN Service Co., Ltd. |  |  |  |  |  |  | 6,239 |  |  |  | 5,598 |  |  |  | 32,150 |  |  |  | 129 |
KOMIPO Service Co., Ltd. |  |  |  |  |  |  | 3,381 |  |  |  | 3,649 |  |  |  | 28,596 |  |  |  | (479 | )
KOWEPO Service Co., Ltd. |  |  |  |  |  |  | 6,045 |  |  |  | 4,849 |  |  |  | 29,559 |  |  |  | 726 |
KOSPO Service Co., Ltd. |  |  |  |  |  |  | 5,617 |  |  |  | 4,708 |  |  |  | 25,103 |  |  |  | 832 |
EWP Service Co., Ltd. |  |  |  |  |  |  | 4,568 |  |  |  | 4,074 |  |  |  | 23,223 |  |  |  | (15 | )
PT. KOMIPO Energy Indonesia |  |  |  |  |  |  | 2,473 |  |  |  | 154 |  |  |  | 2,391 |  |  |  | 52 |
KNF Partners Co., Ltd. |  |  |  |  |  |  | 1,470 |  |  |  | 743 |  |  |  | 5,487 |  |  |  | 256 |
KOSPO USA Inc. |  |  |  |  |  |  | 120,380 |  |  |  | 266 |  |  |  | — |  |  |  | (1,611 | )
Nambu USA LLC |  |  |  |  |  |  | 42,739 |  |  |  | — |  |  |  | — |  |  |  | 544 |
Tamra Offshore Wind Power Co., Ltd. |  |  |  |  |  |  | 150,957 |  |  |  | 112,184 |  |  |  | 22,200 |  |  |  | 4,575 |
KEPCO MCS Co., Ltd. |  |  |  |  |  |  | 59,227 |  |  |  | 36,786 |  |  |  | 342,053 |  |  |  | 19,190 |
KEPCO FMS Co., Ltd. |  |  |  |  |  |  | 14,390 |  |  |  | 12,585 |  |  |  | 89,228 |  |  |  | 837 |
Firstkeepers Co., Ltd. |  |  |  |  |  |  | 13,981 |  |  |  | 12,234 |  |  |  | 68,538 |  |  |  | 2,994 |
Secutec Co., Ltd. |  |  |  |  |  |  | 11,473 |  |  |  | 9,771 |  |  |  | 62,256 |  |  |  | 1,609 |
SE Green Energy Co., Ltd. |  |  |  |  |  |  | 152,205 |  |  |  | 122,606 |  |  |  | 19,731 |  |  |  | 2,463 |
KEPCO Mangilao America LLC |  |  |  |  |  |  | 1,793 |  |  |  | — |  |  |  | — |  |  |  | — |
Mangilao Intermediate Holdings LLC |  |  |  |  |  |  | 100,609 |  |  |  | 80,210 |  |  |  | — |  |  |  | (3,708 | )
KEPCO CSC Co., Ltd. |  |  |  |  |  |  | 8,817 |  |  |  | 5,551 |  |  |  | 38,465 |  |  |  | 2,479 |
KOAK Power Limited |  |  |  |  |  |  | 15,864 |  |  |  | 1,118 |  |  |  | — |  |  |  | 607 |
KOMIPO Europe B.V. |  |  |  |  |  |  | 43,198 |  |  |  | 46 |  |  |  | 333 |  |  |  | (386 | )
Haenanum Energy Fund |  |  |  |  |  |  | 28,219 |  |  |  | 132 |  |  |  | 128 |  |  |  | (13 | )
Paju Ecoenergy Co., Ltd. |  | ￦ |  |  |  |  | 57,320 |  |  |  | 3,506 |  |  |  | 3,069 |  |  |  | 247 |
Guam Ukudu Power LLC |  |  |  |  |  |  | 3,165 |  |  |  | 3,589 |  |  |  | — |  |  |  | (1,577 | )
TS Energy No. 25 Co., Ltd. |  |  |  |  |  |  | 184,667 |  |  |  | 142,709 |  |  |  | — |  |  |  | (3,779 | )
KPS Partners Co., Ltd. |  |  |  |  |  |  | 2,139 |  |  |  | 1,127 |  |  |  | 3,562 |  |  |  | 313 |
KEPCO E&C Service Co., Ltd. |  |  |  |  |  |  | 2,514 |  |  |  | 1,549 |  |  |  | 4,989 |  |  |  | 464 |
Moha Solar Co., Ltd. |  |  |  |  |  |  | 7,390 |  |  |  | 7,809 |  |  |  | — |  |  |  | (364 | )
Ogiri Solar Power Co., Ltd. |  |  |  |  |  |  | 1,032 |  |  |  | — |  |  |  | — |  |  |  | — |
KHNP USA LLC |  |  |  |  |  |  | 464 |  |  |  | 23 |  |  |  | 229 |  |  |  | 119 |
KOMIPO Vanphong Power Service LLC |  |  |  |  |  |  | 1,727 |  |  |  | 12 |  |  |  | — |  |  |  | (34 | )
Energy Innovation Fund I |  |  |  |  |  |  | 8,412 |  |  |  | 1 |  |  |  | 25 |  |  |  | (201 | )
| (*1) | Financial information of EWP America Inc. includes that of four other subsidiaries, EWP Renewable Corporation, DG Fairhaven Power, LLC, California Power Holdings, LLC, and EWPRC Biomass Holdings, LLC.
| (*2) | Financial information of Energy New Industry Specialized Investment Private Investment Trust includes that of four other subsidiaries, BSK E-New Industry Fund VII, e-New Industry LB Fund 1, Songhyun e-New Industry Fund and BSK E-New Industry Fund X.
(4) | Significant restrictions on abilities to subsidiaries are as follows:
Company |  | Nature and extent of any significant restrictions
Gyeonggi Green Energy Co., Ltd. |  | Acquisition or disposal of assets of more than ￦35 billion, change in the capacity of cogeneration units (except for the change due to performance improvement of equipment, maintenance) will require unanimous consent of all directors of the company.
KOSPO Youngnam Power Co., Ltd. |  | Dividends can only be paid when all conditions of the loan agreement are satisfied, or prior written consent of financial institutions is obtained. Company’s shares cannot be wholly or partially transferred without prior written consent of financial institutions.
Incheon Fuel Cell Co., Ltd. |  | Acquisition or disposal of assets of more than ￦20 billion, change in the capacity of cogeneration units (except for the change due to performance improvement of equipment, maintenance) will require unanimous consent of all directors of the company.
Gyeongju Wind Power Co., Ltd. |  | Dividends and settlement amounts for renewable energy supply certificate can only be paid when all conditions of the loan agreement are satisfied or prior written consent of financial institutions is obtained.
Company |  | Nature and extent of any significant restrictions
Korea Offshore Wind Power Co., Ltd. |  | Principals and interest payments on subordinated loans or payments for dividends and settlement amounts for renewable energy supply certificate can only be paid when all conditions of the loan agreement are satisfied and prior written consent of financial institutions are obtained. Shares cannot be wholly or partially transferred without prior written consent of financial institutions.
(5) | As of December 31, 2020, the Company has following entitlements in relation to its subsidiaries as per its shareholder’s agreements:
Company |  | Nature and extent of any significant restrictions
KOSPO Youngnam Power Co., Ltd. |  | The Company holds the right to purchase all shares held by the financial investors of KOSPO Youngnam Power Co., Ltd., a subsidiary of the Company, at face value of the issued shares on the 7th and 12th years from the Company’s establishment date.
(6) | Details of non-controlling interests prior to intra-Company eliminations as of and for the years ended December 31, 2018, 2019 and 2020 are as follows:
2018 |
Description |  |  |  |  | KEPCO Ilijan Corporation |  |  | KEPCO Plant Service & Engineering Co., Ltd. |  |  | KEPCO Engineering & Construction Company, Inc. |  |  | Others |  |  | Total |
|  |  |  |  | In millions of won |
Percentage of ownership |  |  |  |  |  |  | 49.00 | % |  |  | 49.00 | % |  |  | 33.92 | % |  |  |  |  |  |  |  |
Current assets |  | ￦ |  |  |  |  | 163,622 |  |  |  | 628,725 |  |  |  | 281,390 |  |  |  | 956,928 |  |  |  | 2,030,665 |
Non-current assets |  |  |  |  |  |  | 267,822 |  |  |  | 646,640 |  |  |  | 490,090 |  |  |  | 2,760,500 |  |  |  | 4,165,052 |
Current liabilities |  |  |  |  |  |  | (16,819 | ) |  |  | (270,097 | ) |  |  | (248,402 | ) |  |  | (559,552 | ) |  |  | (1,094,870 | )
Non-current liabilities |  |  |  |  |  |  | (36,594 | ) |  |  | (26,331 | ) |  |  | (61,698 | ) |  |  | (1,933,583 | ) |  |  | (2,058,206 | )
Net assets |  |  |  |  |  |  | 378,031 |  |  |  | 978,937 |  |  |  | 461,380 |  |  |  | 1,224,293 |  |  |  | 3,042,641 |
Book value of non-controlling interests |  |  |  |  |  |  | 185,235 |  |  |  | 479,679 |  |  |  | 156,500 |  |  |  | 680,963 |  |  |  | 1,502,377 |
Sales |  |  |  |  |  |  | 99,844 |  |  |  | 1,239,604 |  |  |  | 433,701 |  |  |  | 966,037 |  |  |  | 2,739,186 |
Profit for the period |  |  |  |  |  |  | 49,631 |  |  |  | 160,791 |  |  |  | 12,937 |  |  |  | 92,457 |  |  |  | 315,816 |
Profit for the period attributable to non-controlling interests |  |  |  |  |  |  | 24,319 |  |  |  | 78,788 |  |  |  | 4,388 |  |  |  | 28,475 |  |  |  | 135,970 |
Cash flows from operating activities |  |  |  |  |  |  | 92,822 |  |  |  | 129,700 |  |  |  | 81,042 |  |  |  | 110,448 |  |  |  | 414,012 |
Cash flows from investing activities |  |  |  |  |  |  | (4,452 | ) |  |  | (123,593 | ) |  |  | (50,569 | ) |  |  | 35,167 |  |  |  | (143,447 | )
Cash flows from financing activities before dividends to non-controlling interests |  |  |  |  |  |  | (53,733 | ) |  |  | (33,737 | ) |  |  | (14,591 | ) |  |  | (374,669 | ) |  |  | (476,730 | )
Dividends to non-controlling interests |  |  |  |  |  |  | (51,626 | ) |  |  | (32,414 | ) |  |  | (2,839 | ) |  |  | (23,452 | ) |  |  | (110,331 | )
Effect of exchange rate fluctuation |  |  |  |  |  |  | 2,840 |  |  |  | (124 | ) |  |  | 31 |  |  |  | 1,304 |  |  |  | 4,051 |
Net increase (decrease) of cash and cash equivalents |  |  |  |  |  |  | (14,149 | ) |  |  | (60,168 | ) |  |  | 13,074 |  |  |  | (251,202 | ) |  |  | (312,445 | )
|  |  |  |  | 2019 |
Description |  |  |  |  | KEPCO Ilijan Corporation |  |  | KEPCO Plant Service & Engineering Co., Ltd. |  |  | KEPCO Engineering & Construction Company, Inc. |  |  | Others |  |  | Total |
|  |  |  |  | In millions of won |
Percentage of ownership |  |  |  |  |  |  | 49.00 | % |  |  | 49.00 | % |  |  | 33.92 | % |  |  |  |  |  |  |  |
Current assets |  | ￦ |  |  |  |  | 173,931 |  |  |  | 779,764 |  |  |  | 257,593 |  |  |  | 864,596 |  |  |  | 2,075,884 |
Non-current assets |  |  |  |  |  |  | 197,446 |  |  |  | 577,219 |  |  |  | 477,614 |  |  |  | 3,169,317 |  |  |  | 4,421,596 |
Current liabilities |  |  |  |  |  |  | (11,990 | ) |  |  | (247,737 | ) |  |  | (223,522 | ) |  |  | (450,311 | ) |  |  | (933,560 | )
Non-current liabilities |  |  |  |  |  |  | (44,166 | ) |  |  | (47,020 | ) |  |  | (19,472 | ) |  |  | (2,193,501 | ) |  |  | (2,304,159 | )
Net assets |  |  |  |  |  |  | 315,221 |  |  |  | 1,062,226 |  |  |  | 492,213 |  |  |  | 1,390,101 |  |  |  | 3,259,761 |
Book value of non-controlling interests |  |  |  |  |  |  | 154,458 |  |  |  | 520,491 |  |  |  | 166,959 |  |  |  | 551,423 |  |  |  | 1,393,331 |
Sales |  |  |  |  |  |  | 95,072 |  |  |  | 1,244,613 |  |  |  | 448,635 |  |  |  | 855,023 |  |  |  | 2,643,343 |
Profit (loss) for the period |  |  |  |  |  |  | 40,818 |  |  |  | 157,737 |  |  |  | 26,398 |  |  |  | (48,963 | ) |  |  | 175,990 |
Profit (loss) for the period attributable to non-controlling interests |  |  |  |  |  |  | 20,001 |  |  |  | 77,291 |  |  |  | 8,954 |  |  |  | (24,264 | ) |  |  | 81,982 |
Cash flows from operating activities |  |  |  |  |  |  | 101,707 |  |  |  | 164,373 |  |  |  | 27,081 |  |  |  | 219,450 |  |  |  | 512,611 |
Cash flows from investing activities |  |  |  |  |  |  | 4,458 |  |  |  | (89,159 | ) |  |  | 47,219 |  |  |  | (356,434 | ) |  |  | (393,916 | )
Cash flows from financing activities before dividends to non-controlling interests |  |  |  |  |  |  | (68,678 | ) |  |  | (44,332 | ) |  |  | (34,632 | ) |  |  | 223,233 |  |  |  | 75,591 |
Dividends to non-controlling interests |  |  |  |  |  |  | (48,750 | ) |  |  | (39,466 | ) |  |  | (1,807 | ) |  |  | (9,233 | ) |  |  | (99,256 | )
Effect of exchange rate fluctuation |  |  |  |  |  |  | 2,111 |  |  |  | (593 | ) |  |  | (14 | ) |  |  | 2,501 |  |  |  | 4,005 |
Net increase (decrease) of cash and cash equivalents |  |  |  |  |  |  | (9,152 | ) |  |  | (9,177 | ) |  |  | 37,847 |  |  |  | 79,517 |  |  |  | 99,035 |
|  |  |  |  | 2020 |
Description |  |  |  |  | KEPCO Ilijan Corporation |  |  | KEPCO Plant Service & Engineering Co., Ltd. |  |  | KEPCO Engineering & Construction Company, Inc. |  |  | Others |  |  | Total |
|  |  |  |  | In millions of won |
Percentage of ownership |  | ￦ |  |  |  |  | 49.00 | % |  |  | 49.00 | % |  |  | 33.92 | % |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  | 236,602 |  |  |  | 755,454 |  |  |  | 235,805 |  |  |  | 801,813 |  |  |  | 2,029,674 |
Non-current assets |  |  |  |  |  |  | 85,464 |  |  |  | 590,403 |  |  |  | 463,439 |  |  |  | 3,499,258 |  |  |  | 4,638,564 |
Current liabilities |  |  |  |  |  |  | (12,322 | ) |  |  | (254,495 | ) |  |  | (186,296 | ) |  |  | (414,673 | ) |  |  | (867,786 | )
Non-current liabilities |  |  |  |  |  |  | (34,912 | ) |  |  | (42,020 | ) |  |  | (13,873 | ) |  |  | (2,511,848 | ) |  |  | (2,602,653 | )
Net assets |  |  |  |  |  |  | 274,832 |  |  |  | 1,049,342 |  |  |  | 499,075 |  |  |  | 1,374,550 |  |  |  | 3,197,799 |
Book value of non-controlling interests |  |  |  |  |  |  | 134,668 |  |  |  | 514,177 |  |  |  | 169,286 |  |  |  | 552,035 |  |  |  | 1,370,166 |
Sales |  |  |  |  |  |  | 81,400 |  |  |  | 1,299,186 |  |  |  | 431,723 |  |  |  | 956,692 |  |  |  | 2,769,001 |
Profit for the period |  |  |  |  |  |  | 39,443 |  |  |  | 85,916 |  |  |  | 20,160 |  |  |  | 107,661 |  |  |  | 253,180 |
Profit for the period attributable to non-controlling interests |  |  |  |  |  |  | 19,327 |  |  |  | 42,099 |  |  |  | 6,838 |  |  |  | 32,858 |  |  |  | 101,122 |
Cash flows from operating activities |  |  |  |  |  |  | 121,835 |  |  |  | 74,159 |  |  |  | 15,225 |  |  |  | 240,987 |  |  |  | 452,206 |
Cash flows from investing activities |  |  |  |  |  |  | 7,561 |  |  |  | 26,748 |  |  |  | (34,333 | ) |  |  | (661,820 | ) |  |  | (661,844 | )
Cash flows from financing activities before dividends to non-controlling interests |  |  |  |  |  |  | (31,793 | ) |  |  | (47,809 | ) |  |  | (9,165 | ) |  |  | 371,448 |  |  |  | 282,681 |
Dividends to non-controlling interests |  |  |  |  |  |  | (30,319 | ) |  |  | (42,336 | ) |  |  | (4,000 | ) |  |  | (4,643 | ) |  |  | (81,298 | )
Effect of exchange rate fluctuation |  |  |  |  |  |  | (8,153 | ) |  |  | (2,171 | ) |  |  | (22 | ) |  |  | (7,893 | ) |  |  | (18,239 | )
Net increase (decrease) of cash and cash equivalents |  |  |  |  |  |  | 59,131 |  |  |  | 8,591 |  |  |  | (32,295 | ) |  |  | (61,921 | ) |  |  | (26,494 | )
(7) | Changes in goodwill
| (i) | Details of goodwill as of December 31, 2019 and 2020 are as follows:
|  |  |  |  | 2019 |  |  | 2020 |
|  |  |  |  | In millions of won |
Acquisition cost |  | ￦ |  |  |  |  | 97,977 |  |  |  | 98,166 |
Less: Accumulated impairment |  |  |  |  |  |  | — |  |  |  | — |
Carrying book value |  | ￦ |  |  |  |  | 97,977 |  |  |  | 98,166 |
| (ii) | Changes in goodwill for the years ended December 31, 2019 and 2020 are as follows:
|  |  |  |  | 2019 |
|  |  |  |  | Beginning |  |  | Increase |  |  | Decrease |  |  | Ending |
|  |  |  |  | In millions of won |
Acquisition cost |  | ￦ |  |  |  |  | 2,582 |  |  |  | 95,395 |  |  |  | — |  |  |  | 97,977 |
Less: Accumulated impairment |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Carrying book value |  |  |  |  |  |  | 2,582 |  |  |  | 95,395 |  |  |  | — |  |  |  | 97,977 |
|  |  |  |  | 2020 |
|  |  |  |  | Beginning |  |  | Increase |  |  | Decrease |  |  | Ending |
|  |  |  |  | In millions of won |
Acquisition cost |  | ￦ |  |  |  |  | 97,977 |  |  |  | 189 |  |  |  | — |  |  |  | 98,166 |
Less: Accumulated impairment |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Carrying book value |  |  |  |  |  |  | 97,977 |  |  |  | 189 |  |  |  | — |  |  |  | 98,166 |
(8) | Disposals of subsidiaries
The Company has completed the liquidation process of EWP Philippines Corporation, and has sold shares of DG Whitefield, LLC and Springfield Power, LLC as of December 31, 2020. Also, the Company has completed the liquidation process of KEPCO Singapore Holdings Pte., Ltd., and Korea Electric Power Nigeria Ltd. as of December 31, 2019. Garolim Tidal Power Plant Co., Ltd., which was under the process of liquidation as of December 31, 2019, completed liquidation process during the year ended December 31, 2020.
| (i) | The fair value of proceeds from disposal for the years ended December 31, 2018, 2019 and 2020, respectively, are as follows:
|  |  |  |  | 2018 |  |  | 2019 |  |  | 2020 |
|  |  |  |  | In millions of won |
Consideration received in cash and cash equivalents |  | ￦ |  |  |  |  | 160 |  |  |  | 4 |  |  |  | 389 |
Net assets transferred due to liquidation |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,084 |
Total |  | ￦ |  |  |  |  | 160 |  |  |  | 4 |  |  |  | 1,473 |
| (ii) | The carrying value of assets and liabilities of subsidiaries as of the date the Company lost its control during the years ended December 31, 2018, 2019 and 2020, respectively, are as follows:
|  |  |  |  | 2018 |  |  | 2019 |  |  | 2020 |
|  |  |  |  | In millions of won |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | ￦ |  |  |  |  | 175 |  |  |  | 97 |  |  |  | 1,656 |
Trade and other receivables |  |  |  |  |  |  | 11 |  |  |  | — |  |  |  | 395 |
Inventories |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2,801 |
Other non-financial assets |  |  |  |  |  |  | — |  |  |  | 1 |  |  |  | 98 |
PP&E and intangible assets |  |  |  |  |  |  | — |  |  |  | 2 |  |  |  | 3,812 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables |  |  |  |  |  |  | (28 | ) |  |  | (3 | ) |  |  | (935 | )
Other non-financial liabilities |  |  |  |  |  |  | — |  |  |  | (24 | ) |  |  | — |
|  | ￦ |  |  |  |  | 158 |  |  |  | 73 |  |  |  | 7,827 |
| (iii) | Gain on disposals of subsidiaries for the years ended December 31, 2018, 2019 and 2020, respectively, are as follows:
|  |  |  |  | 2018 |  |  | 2019 |  |  | 2020 |
|  |  |  |  | In millions of won |
Fair value of proceeds from disposal |  | ￦ |  |  |  |  | 160 |  |  |  | 4 |  |  |  | 1,473 |
Net assets disposed |  |  |  |  |  |  | (158 | ) |  |  | (73 | ) |  |  | (7,827 | )
Realization of unrealized gain (loss) |  |  |  |  |  |  | 70 |  |  |  | (187 | ) |  |  | — |
Other comprehensive income (loss) (cumulative foreign currency translation of foreign operations) |  |  |  |  |  |  | — |  |  |  | — |  |  |  | (256 | )
Gain (loss) on disposals of subsidiaries(*) |  | ￦ |  |  |  |  | 72 |  |  |  | (256 | ) |  |  | (6,610 | )
| (*) | Gain (loss) on disposals of subsidiaries is included in the ‘Gain (loss) on disposal of investments in subsidiaries’ the consolidated statements of comprehensive income (loss).
| (iv) | Net cash flow from disposals of subsidiaries for the years ended December 31, 2018, 2019 and 2020, respectively, are as follows:
|  |  |  |  | 2018 |  |  | 2019 |  |  | 2020 |
|  |  |  |  | In millions of won |
Consideration received in cash and cash equivalents |  | ￦ |  |  |  |  | 160 |  |  |  | 4 |  |  |  | 389 |
Less: cash and cash equivalents held by disposed subsidiaries |  |  |  |  |  |  | (175 | ) |  |  | (97 | ) |  |  | (1,656 | )
Net cash flow |  | ￦ |  |  |  |  | (15 | ) |  |  | (93 | ) |  |  | (1,267 | )
(9) | Cash dividends received from subsidiaries for the years ended December 31, 2018, 2019 and 2020, respectively, are as follows:
Subsidiaries |  |  |  |  | 2018 |  |  | 2019 |  |  | 2020 |
|  |  |  |  | In millions of won |
Korea Hydro & Nuclear Power Co., Ltd. |  | ￦ |  |  |  |  | 281,234 |  |  |  | — |  |  |  | 106,675 |
Korea South-East Power Co., Ltd. |  |  |  |  |  |  | 33,928 |  |  |  | 7,143 |  |  |  | 11,905 |
Korea Midland Power Co., Ltd. |  |  |  |  |  |  | 26,581 |  |  |  | — |  |  |  | — |
Korea Western Power Co., Ltd. |  |  |  |  |  |  | 28,996 |  |  |  | — |  |  |  | — |
Korea Southern Power Co., Ltd. |  |  |  |  |  |  | 25,780 |  |  |  | 15,277 |  |  |  | — |
Korea East-West Power Co., Ltd. |  |  |  |  |  |  | 61,408 |  |  |  | 985 |  |  |  | 17,959 |
KEPCO Engineering & Construction Company, Inc. |  |  |  |  |  |  | 5,531 |  |  |  | 3,519 |  |  |  | 7,793 |
KEPCO Plant Service & Engineering Co., Ltd. |  |  |  |  |  |  | 33,739 |  |  |  | 41,084 |  |  |  | 44,068 |
KEPCO Nuclear Fuel Co., Ltd. |  |  |  |  |  |  | 1,077 |  |  |  | 4,219 |  |  |  | 7,270 |
KEPCO KDN Co., Ltd. |  |  |  |  |  |  | 13,888 |  |  |  | 19,136 |  |  |  | 14,720 |
KEPCO International HongKong Ltd. |  |  |  |  |  |  | 23,314 |  |  |  | 10,243 |  |  |  | 11,858 |
KEPCO International Philippines Inc. |  |  |  |  |  |  | 52,507 |  |  |  | 70,480 |  |  |  | — |
KEPCO Ilijan Corporation |  |  |  |  |  |  | 53,900 |  |  |  | 65,776 |  |  |  | 34,502 |
KEPCO Philippines Holdings Inc. |  |  |  |  |  |  | — |  |  |  | 63,522 |  |  |  | 70,876 |
KOSEP Australia Pty., Ltd. |  |  |  |  |  |  | — |  |  |  | 8,120 |  |  |  | 1,856 |
KOSPO Australia Pty., Ltd. |  |  |  |  |  |  | — |  |  |  | 4,335 |  |  |  | — |
Qatrana Electric Power Company |  |  |  |  |  |  | 6,240 |  |  |  | 10,313 |  |  |  | — |
KEPCO KPS Philippines Corp. |  |  |  |  |  |  | — |  |  |  | 3,854 |  |  |  | 1,215 |
Tamra Offshore Wind Power Co., Ltd. |  |  |  |  |  |  | — |  |  |  | 4,823 |  |  |  | 2,640 |
KEPCO Netherlands S3 B.V. |  |  |  |  |  |  | 3,115 |  |  |  | 874 |  |  |  | 6,981 |
PT. KOMIPO Pembangkitan Jawa Bali |  |  |  |  |  |  | 20,658 |  |  |  | 1,971 |  |  |  | — |
KEPCO Netherlands J3 B.V. |  |  |  |  |  |  | 12,090 |  |  |  | — |  |  |  | — |
Gyeongju Wind Power Co., Ltd. |  |  |  |  |  |  | — |  |  |  | 2,800 |  |  |  | 2,800 |
VI Carbon Professional Private Special Asset Investment Trust 1 |  |  |  |  |  |  | 11 |  |  |  | 11 |  |  |  | 7 |
KOSPO Power Services Limitada |  |  |  |  |  |  | 993 |  |  |  | 745 |  |  |  | — |
KEPCO Netherlands B.V. |  |  |  |  |  |  | 17,424 |  |  |  | 13,266 |  |  |  | 11,098 |
PT. Cirebon Power Service |  |  |  |  |  |  | 382 |  |  |  | — |  |  |  | 221 |
Chitose Solar Power Plant LLC |  |  |  |  |  |  | 1,986 |  |  |  | 814 |  |  |  | 858 |
Fujeij Wind Power Company |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 6,306 |
KOSPO Jordan LLC |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 535 |
Energy Innovation Fund I |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 19 |
|  | ￦ |  |  |  |  | 704,782 |  |  |  | 353,310 |  |  |  | 362,162 |

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- Definition The disclosure of subsidiaries. [Refer: Subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2020-01-01 -Paragraph 17 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2020-en-r&anchor=para_17_b&doctype=Standard -URIDate 2020-01-01 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2020-01-01 -Paragraph 16 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2020-en-r&anchor=para_16_b&doctype=Standard -URIDate 2020-01-01 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2020-01-01 -Paragraph B4 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2020-en-r&anchor=para_B4_a&doctype=Appendix&subtype=B -URIDate 2020-01-01 + Details
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