SINOPEC SHANGHAI PETROCHEMICAL CO LTD | CIK:0000908732 | 3

  • Filed: 4/27/2018
  • Entity registrant name: SINOPEC SHANGHAI PETROCHEMICAL CO LTD (CIK: 0000908732)
  • Generator: Unknown
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/908732/000119312518138156/0001193125-18-138156-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/908732/000119312518138156/shi-20171231.xml
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  • ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory

    29 Trade and other payables

     

         As at 31 December  
         2016      2017  
         RMB’000      RMB’000  

    Trade payables

         2,123,904        1,908,457  

    Bills payable

         5,000        —    

    Amounts due to related parties

         3,044,304        3,731,687  
      

     

     

        

     

     

     
         5,173,208        5,640,144  
      

     

     

        

     

     

     

    Staff salaries and welfares payable

         37,634        123,959  

    Taxes payable (exclude income tax payable)

         1,538,062        2,655,291  

    Interest payable

         465        864  

    Dividends payable

         20,473        23,686  

    Construction payable

         191,043        425,891  

    Other liabilities

         351,701        339,126  
      

     

     

        

     

     

     
         2,139,378        3,568,817  
      

     

     

        

     

     

     
         7,312,586        9,208,961  
      

     

     

        

     

     

     

    As at 31 December 2017 and 2016, all trade and other payables of the Group were non-interest bearing, and their fair value approximated their carrying amounts due to their short maturities.

    As at 31 December 2017, amounts due to related parties included the advances from the related parties of RMB 6,407 thousands (31 December 2016: RMB 13,814 thousands).

    As at 31 December 2017, the ageing analysis of the trade payables (including bills payable and amounts due to related parties with trading nature) based on invoice date was as follows:

     

         As at 31 December  
         2016      2017  
         RMB’000      RMB’000  

    Within one year

         5,151,868        5,568,507  

    Between one and two years

         7,373        58,016  

    Over two years

         13,967        13,621  
      

     

     

        

     

     

     
         5,173,208        5,640,144