Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 21

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 21
---
                                
Australia                                                       134,244                                      119,408                                      117,538                             
New Zealand                                                      10,755                                       10,891                                       12,213                             
Other overseas                                                    1,202                                        1,333                                        1,292                             
Derivative financial instruments                                 26,751                                       21,413                                       26,353                             
All other liabilities                                            10,835                                        6,024                                        (218)                             
Total non-interest bearing liabilities                          183,787                                      159,069                                      157,178                             
Total liabilities                                             1,039,194                                      985,760                                      951,954                             
Shareholders’ equity                                             71,544                                       71,493                                       71,229                             
NCI                                                       341                                          56                                           45                                        
Total equity                                                     71,885                                       71,549                                       71,274                             
Total liabilities and equity                                  1,111,079                                    1,057,309                                    1,023,228                             
​

a.   Interest expense includes the net impact of Treasury balance sheet management activities and the bank levy.
----------------------------------------------------------------------------------------------------------------
​

                                                            ​                    
---------------------------------------------------------------------------------
FINANCIAL   EXHIBITS INDEX   STRATEGIC   PERFORMANCE   EXHIBIT 15.4   ADDITIONAL 
REPORT                       REVIEW      REVIEW                       INFORMATION
​

Note 3.Net interest income and average balance sheet and interest rates (Continued)
Calculation of variances
Net interest income may vary from year to year due to changes in the volume of, and interest rates associated with, interest earning assets and interest bearing liabilities. Changes due to volume and rates are calculated at the balance sheet line items. Disaggregation into product classification includes the impact of compositional changes (mix) from prior periods. As such, calculations at a product level will result in a different outcome and will not sum to the balance sheet line item.
The following table allocates the change in net interest income between changes in volume and interest rate for those assets and liabilities:

●   Volume changes are determined based on the movements in average asset and liability balances; and
-----------------------------------------------------------------------------------------------------

●   Interest rate changes are determined based on the change in interest rate associated with those assets and liabilities. Variances that arise due to a combination of volume and interest rate changes are allocated to interest rate changes.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
​

                            ​                               ​      ​      ​       ​      ​       ​      ​     ​      ​      ​     ​      ​   
----------------------------------------------------------------