Table:
|  | USD denominated RMB’Million | Non-USD denominated RMB’Million |
| --- | --- | --- |
| As at 31 December 2019 |  |  |
| Monetary assets, current | 27,728 | 2,899 |
| Monetary assets, non-current | 373 | – |
| Monetary liabilities, current | (4,273) | (14,732) |
| Monetary liabilities, non-current | (91) | (5,739) |
|  | 23,737 | (17,572) |
| As at 31 December 2018 |  |  |
| Monetary assets, current | 18,041 | 1,994 |
| Monetary assets, non-current | 2,642 | – |
| Monetary liabilities, current | (3,434) | (4,587) |
| Monetary liabilities, non-current | (3,733) | (9,430) |
|  | 13,516 | (12,023) |
Paragraphs:
3.1 Financial risk factors (continued)
(a) Market risk (continued)
(i) Foreign exchange risk (continued)
As at 31 December 2019, the Group’s major monetary assets and liabilities exposed to foreign exchange risk are listed below:
During the year ended 31 December 2019, the Group reported exchange gains of approximately RMB77 million (2018: RMB229 million) within “Finance costs, net” in the consolidated income statement.
As at 31 December 2019, management considers that any reasonable changes in foreign exchange rates of the above currencies against the two major functional currencies would not result in a significant change in the Group’s results, as the net carrying amounts of financial assets and liabilities denominated in a currency other than the respective subsidiaries’ functional currency are considered to be not significant, given the exchange rate peg between HKD and USD. Accordingly, no sensitivity analysis is presented for foreign exchange risk.
Question:
How much exchange gains did the Group report for the year ended 31 December 2019?
Answer: RMB77 million