| 39 | Trade payables |
Ageing analysis of trade payables based on transaction date is set out below:
| 2017 | 2016 | |||||||
| RMB million | RMB million | |||||||
|
Within 1 month |
465 | 612 | ||||||
|
More than 1 month but less than 3 months |
533 | 529 | ||||||
|
More than 3 months but less than 6 months |
497 | 484 | ||||||
|
More than 6 months but less than 1 year |
443 | 173 | ||||||
|
More than 1 year |
187 | 105 | ||||||
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| 2,125 | 1,903 | |||||||
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As at December 31, 2017, the fair value of trade payables approximate their carrying amount.
The carrying amounts of the Group’s trade payables are denominated in the following currencies:
| 2017 | 2016 | |||||||
| RMB million | RMB million | |||||||
|
Renminbi |
1,832 | 1,809 | ||||||
|
USD |
209 | 85 | ||||||
|
Others |
84 | 9 | ||||||
|
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|
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| 2,125 | 1,903 | |||||||
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