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TRADE PAYABLES | 12 Months Ended
--- | ---
Dec. 31, 2021
TRADE PAYABLES |
TRADE PAYABLES | 18. TRADE PAYABLES ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ |  | 2021 |  | 2020
​ | ​ | RMB’000 | ​ | RMB’000
Trade payables* |  | 6,290 |  | 6,750
​ 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. ​ *Refer to note 25 on trade payables due by the Company to a related party.

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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 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
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