Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 107

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 107
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 in futures margin that does not form part of this column.
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c.   Gross amounts consist of variation margin held directly with central clearing counterparties. Where variation margin is receivable it is reported as part of collateral paid. Where variation margin is payable it is reported as part of collateral received. Amounts offset relate to variation margin.
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d.   $1,476 million (2024: $1,336 million) of derivative financial assets and $1,463 million (2024: $2,587 million) of derivative financial liabilities are not subject to enforceable netting arrangements.
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e.   Reverse repurchase agreements form part of trading securities and financial assets measured at FVIS in Note 16.
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f.   Gross amounts consist of debt and interest set-off accounts which meet the requirements for offsetting as described above. These accounts form part of business loans in Note 9 and part of deposits and other borrowings in Note 12.
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g.   Repurchase agreements form part of other financial liabilities in Note 19.
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WESTPAC GROUP 2025 ANNUAL REPORT
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NOTES TO THE FINANCIAL STATEMENTS

Note 23.Offsetting financial assets and financial liabilities (Continued)

                ​                   ​      ​       ​        ​        ​          ​         ​         ​           ​            ​            ​          ​         ​        ​     
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​                                   ​                                                                                      Amounts subject to enforceable netting arrangements
​                                   ​         ​   ​             ​   ​                ​   ​     ​             ​         ​               ​         ​            ​     ​         
​                                   ​                            Effects of offsetting   ​     Amounts subject to enforceable                                 ​     ​         
​                                   ​                             in the balance sheet   ​     netting arrangements but not offset                            ​     ​         
​                                   ​         ​   ​             ​   ​                ​   ​     ​             ​         ​               ​         ​            ​     ​         
​                                   ​         ​   ​             ​   ​      Net amounts   ​     Other         ​         ​               ​         ​            ​     ​         
​                                   ​         ​   ​             ​   ​      reported in   ​     recognised    ​         ​               ​         Financial    ​     ​         
Parent Entity                       ​     Gross   ​       Amounts   ​      the balance   ​