Trade payables

12 Months Ended

Dec. 31, 2019

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Trade payables

39 Trade payables

Ageing analysis of trade payables based on transaction date is set out below:

	2019 RMB million		2018 RMB million
Within 1 month		563		406
More than 1 month but less than 3 months		506		829
More than 3 months but less than 6 months		450		476
More than 6 months but less than 1 year		568		423
More than 1 year		230		175
		2,317		2,309

As at December 31, 2019, the fair value of trade payables approximates to their carrying amount.

The carrying amounts of the Group’s trade payables are denominated in the following currencies:

	2019 RMB million		2018 RMB million
Renminbi		1,845		1,910
USD		423		376
Others		49		23
		2,317		2,309