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 April, 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-            .

 

 

 

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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).

 

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

 

Attachment 1.		Un-audited, preliminary statements of income of KEPCO for the first quarter of fiscal year 2008 and 2009
Attachment 2.		Un-audited, estimated statements of income including KEPCO and its six generation subsidiaries for the first quarter of fiscal year 2008 and 2009

Disclaimer:

The financial information relating to the results of operations of Korea Electric Power Corporation (“KEPCO”) for the first three months ended March 31, 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 three months ended March 31, 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.

 

Date: April 27, 2009

 

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Un-audited, preliminary statements of income of KEPCO for the first quarter of 2008 and 2009

As of March 31, 2009 and 2008

 

(Unit : in billions of Korean Won)		1Q 2009		1Q 2008		Change		Change%
Operating revenues:		8,359		8,017		342		4.3	%
Sale of electric power		8,278		7,958		320		4.0	%
Other operating revenues		73		56		17		30.0	%
Revenues for other businesses		8		3		5		200.0	%
Operating expenses:		10,123		8,236		1,887		22.9	%
Purchased power		8,818		6,979		1,838		26.3	%
Fuel		10		10		0		1.0	%
Maintenance		159		149		10		6.4	%
Depreciation		492		472		20		4.2	%
Other operating expenses		633		618		15		2.4	%
Expenses for other businesses		12		8		4		53.8	%
Operating income		-1,764		-219		-1,545		-705.0	%
Non-Operating income:		1,138		830		308		37.1	%
Gain on foreign currency transactions and translation		8		1		7		1400.0	%
Investment income from affiliates		983		672		311		46.2	%
Other		148		157		-10		-6.0	%
Non-Operating expenses:		496		354		142		40.0	%
Interest expenses		256		157		99		62.6	%
Loss on foreign currency transactions and translation		204		129		75		57.8	%
Investment loss from affiliates		20		26		-7		-24.7	%
Other		16		41		-25		-60.7	%
Earnings before taxes		-1,122		257		-1,378		-536.9	%
Provision for income taxes		-239		-43		-196		-456.7	%
Net income		-882		300		-1,182		-394.4	%

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

As of March 31, 2009 and 2008

 

(Unit : in billions of Korean Won)		1Q 2009		1Q 2008		Change		Change%
Operating revenues:		8,431		8,077		353		4.4	%
Sale of electric power		8,233		7,929		304		3.8	%
Other operating revenues		76		44		32		72.2	%
Revenues for other businesses		122		104		18		17.0	%
Operating expenses:		8,748		7,523		1,225		16.3	%
Purchased power		4,503		3,729		774		20.8	%
Fuel		1,197		975		222		22.7	%
Maintenance		533		388		145		37.4	%
Depreciation		1,307		1,240		67		5.4	%
Other operating expenses		1,195		1,182		13		1.1	%
Expenses for other businesses		12		8		4		53.8	%
Operating income		-317		555		-872		-157.1	%
Non-Operating income:		607		619		-12		-2.0	%
Gain on foreign currency transactions and translation		67		14		53		382.1	%
Investment income from affiliates		90		140		-50		-35.9	%
Other		449		465		-15		-3.3	%
Non-Operating expenses:		1,136		729		407		55.8	%
Interest expenses		423		206		217		105.2	%
Loss on foreign currency transactions and translation		656		399		256		64.2	%
Investment loss from affiliates		20		17		3		19.3	%
Other		38		107		-69		-64.8	%
Earnings before taxes		-847		444		-1,291		-290.7	%
Provision for income taxes		35		144		-109		-75.6	%
Net income		-882		300		-1,182		-394.4	%

^¡ 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 quarter 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 March 31, 2008 and 2009, and accordingly should not be relied upon for investment, including but not limited to purchase of any securities, or other purposes.