Form 6-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the Month of November 2009

 

 

KOREA ELECTRIC POWER CORPORATION

(Translation of registrant’s name into English)

 

 

167, Samseong-dong, Gangnam-gu, Seoul 135-791, Korea

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x            Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):             

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):             

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ¨            No  x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            .

 

 

 


This Report of Foreign Private Issuer on Form 6-K is deemed filed for all purposes under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, including by reference in the Registration Statement on Form F-3 (Registration No. 33-99550) and the Registration Statement on Form F-3 (Registration No. 333-9180).


Korea Electric Power Corporation (“KEPCO”) hereby announces its un-audited, preliminary earnings results for the first nine months of 2008 and 2009 as attached hereto.

 

Attachment 1.   Un-audited, estimated statements of income including KEPCO and its six generation subsidiaries for the first nine months of 2008 and 2009

Disclaimer:

The financial information relating to the results of operations of Korea Electric Power Corporation (“KEPCO”) for the first nine months ended September 30, 2009 and 2008 as presented in the attachment hereto (the “Information”) has been prepared by KEPCO based on preliminary internal estimates. The Information is not consolidated and has been prepared by simply adding the results of operations of KEPCO to the results of operations of its six-generation subsidiaries (“GENCOs”), after adjusting for major inter-company transactions. The Information has neither been audited nor reviewed by KEPCO’s independent accountants, Deloitte Anjin LLC., or any other independent public accountants. The Information may differ significantly from the actual financial condition and results of operations of KEPCO and GENCOs as of and for the first nine months ended September 30, 2009, and accordingly should not be relied upon for investment, including but not limited to purchase of any securities, or for other purposes.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  By:  

/S/    KIM, MYUNG-WHAN        

  Name:   Kim, Myung-Whan
  Title:   General Manager, Finance Team
Date: November 10, 2009    


Un-audited, estimated statements of income including KEPCO and its six generation subsidiaries for the first nine months of 2008 and 2009

As of September 30, 2009 and 2008

 

(Unit : in billions of Korean Won)

   3Q2009
(Jan~Sep)
   3Q2008
(Jan~Sep)
   Change    Change%  

Operating revenues:

   24,991    23,150    1,841    8.0
                     

Sale of electric power

   24,605    22,953    1,652    7.2

Other operating revenues

   206    32    174    545.1

Revenues for other businesses

   180    165    15    9.1
                     

Operating expenses:

   23,332    23,455    -123    -0.5
                     

Purchased power

   2,513    2,883    -369    -12.8

Fuel

   11,294    11,088    206    1.9

Maintenance

   1,698    1,519    1,519    11.8

Depreciation

   4,026    3,837    3,837    4.9

Other operating expenses

   3,761    4,095    -333    -8.1

Expenses for other businesses

   39    33    7    20.9
                     

Operating income

   1,659    -305    1,963    644.6
                     

Non-Operating income:

   1,409    1,693    -284    -16.8
                     

Gain on foreign currency transactions and translation

   662    38    624    1660.6

Investment income from affiliates

   219    213    6    2.8

Other

   528    1,443    -915    -63.4
                     

Non-Operating expenses:

   2,327    2,434    -107    -4.4
                     

Interest expenses

   1,234    722    512    70.8

Loss on foreign currency transactions and translation

   707    1,413    -706    -50.0

Investment loss from affiliates

   27    54    -28    -50.7

Other

   360    244    116    47.4
                     

Earnings before taxes

   741    -1,045    1,786    170.9
                     

Provision for income taxes

   452    -256    708    276.7
                     

Net income

   289    -789    1,078    136.6
                     

¡ Disclaimer :

The financial information relating to the results of operations of Korea Electric Power Corporation (“KEPCO”) and/or certain of its subsidiaries for the first nine months of 2008 and 2009 as presented above (the “Information”) has been prepared by KEPCO based on preliminary internal estimates. The Information is not consolidated and made by simply adding the results of operations of KEPCO to the results of operations of its wholly owned six-generation subsidiaries (“GENCOs”), after adjusting for major inter-company transactions. The Information has neither been audited nor reviewed by KEPCO’s independent accountants, Deloitte Anjin LLC., or any other independent public accountants. The Information may differ significantly from the actual financial condition and results of operations of KEPCO and GENCOs as of September 30, 2008 and 2009, and accordingly should not be relied upon for investment, including but not limited to purchase of any securities, or other purposes.