CHINA PETROLEUM & CHEMICAL CORP | CIK:0001123658 | 3

  • Filed: 4/27/2018
  • Entity registrant name: CHINA PETROLEUM & CHEMICAL CORP (CIK: 0001123658)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1123658/000110465918027339/0001104659-18-027339-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1123658/000110465918027339/snp-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001123658
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    • ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents

    (c)     Cash and cash equivalents

     

    Cash equivalents consist of time deposits with financial institutions with an initial term of less than three months when purchased. Cash equivalents are stated at cost, which approximates fair value.