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TRADE PAYABLES | 12 Months Ended
--- | ---
Dec. 31, 2020
TRADE PAYABLES |
TRADE PAYABLES | 18. TRADE PAYABLES
|  | As of December 31,
|  | 2020 |  | 2019
|  | RMB’000 |  | RMB’000
Trade payables |  | 6,750 |  | 22,577
Trade payables are denominated in Renminbi, non-interest bearing and generally settled within 120‑day terms. All of the trade payables are expected to be settled within one year. The carrying value of trade payables is considered to be a reasonable approximation of fair value.

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- Definition The disclosure of trade and other payables. [Refer: Trade and other payables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
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