Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 71

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 71
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ese securities are measured at fair value with unrealised gains and losses recognised in OCI except for interest income, impairment charges, FX gains and losses and fair value hedge adjustments which are recognised in the income statement.Impairment is measured using the same ECL model applied to financial assets measured at amortised cost. Impairment is recognised in the income statement with a corresponding amount in OCI with no reduction of the carrying value of the debt security which remains at fair value. Refer to Note 6 and Note 10 for further details.The cumulative gain or loss recognised in OCI is subsequently recognised in the income statement when the instrument is disposed.Debt securities measured at amortised costIncludes debt instruments that have contractual cash flows which represent SPPI on the principal balance outstanding and are held within a business model whose objective is achieved through holding the financial asset to collect these cash flows.These securities are initially recognised at fair value plus directly attributable transaction costs. They are subsequently measured at amortised cost using the effective interest method and are presented net of any provision for ECL, determined using the ECL model.Equity securitiesEquity securities are measured at FVOCI where they are not held for trading, Westpac does not have control or significant influence over the investee and where an irrevocable election is made to measure them at FVOCI. These securities are measured at fair value with unrealised gains and losses recognised in OCI except for dividend income which is recognised in the income statement. The cumulative gain or loss recognised in OCI is not subsequently recognised in the income statement when the instrument is disposed.
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​                                                                            Consolidated        Parent Entity          
$m                                                           ​      2025   2024                     2025            2024
Investment securities                                                  ​                ​        ​                     ​
Investments securities measured at FVOCI                               ​                ​        ​                     ​
Government and semi-government debt securities                    98,456           83,403        93,639           78,798
Other debt securities                                             17,636           18,866        15,241           16,548
Equity securities                                                    476   450                       220             208
Total investment securities measured at