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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    • ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory

    (p)     Trade, bills and other payables

     

    Trade, bills and other payables are initially recognized at fair value and thereafter stated at amortized cost unless the effect of discounting would be immaterial, in which case they are stated at cost.