Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 103

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 103
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 -             ​               -
Acquisitions and issues                                                                               ​   8                  ​   1            ​   2                ​            11   ​   14            ​              14
Disposals and settlements                                                                             ​   (11)               ​   -            ​   (3)              ​          (14)   ​   (3)           ​             (3)
Transfer into or out of non-market observables                                                        ​   -                  ​   -            ​   (1)              ​           (1)   ​   (19)          ​            (19)
Foreign currency translation impacts                                                                  ​   -                  ​   3            ​   -                ​             3   ​   -             ​               -
Balance as at 30 September 2025                                                                       ​   2                  ​   220          ​   6                ​           228   ​   4             ​               4
Unrealised gains/(losses) recognised in the income statements for financial instruments held as at:   ​   ​                  ​   ​            ​   ​                ​             ​   ​   ​             ​               ​
30 September 2024                                                                                     ​   -                  ​   -            5                    5                               1   1                
30 September 2025                                                                                         -                  ​   -            1                    1                     (2)                         (2)
​
Transfers into and out of Level 3 have occurred due to changes in observability in the significant inputs into the valuation models used to determine the fair value of the related financial instruments. Transfers in and transfers out are reported using the end of period fair values.
Significant unobservable inputsSensitivities to reasonably possible changes in non-market observable valuation assumptions would not have a material impact on Westpac’s reported results.
Day one profit or lossThe closing balance of unrecognised day one profit for both Westpac and the Parent Entity as at 30 September 2025 was $2 million (2024: $1 million).
Financial instruments not measured at fair valueFor financial instruments not measured at fair value on a recurring basis, fair value has been derived as follows:

                Instrument                                                                                                                                                                                                                   Valuation                                                                                                                                                                                            
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Loans                                        ​   Where available, the fair value of loans is based on observable market transactions, otherwise fair value is estimated using discounted cash flow models. For variable rate loans, the discount rate used is the current effective interest rate. The