Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 9

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 9
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,655        (14,605)             5,941
Net increase/(decrease) in cash and balances with central banks                                            (15,319)        (36,102)         (3,429)        (13,928)          (34,468)
Effect of exchange rate changes on cash and balances with central banks                               82                      (753)   694             310                       (598)
Cash and balances with central banks as at beginning of year                                   ​             65,667         102,522         105,257          58,400            93,466
Cash and balances with central banks as at end of year                                     35                50,430          65,667         102,522          44,782   ​        58,400
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a.   The sale of the auto finance loan portfolio to Resimac Asset Finance Pty Limited was completed on 1 March 2025. A loss on sale of $8 million is included in Net gain/(loss) on disposal of assets in Note 4.
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The above cash flow statements should be read in conjunction with the accompanying notes.
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WESTPAC GROUP 2025 ANNUAL REPORT
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NOTES TO THE FINANCIAL STATEMENTS

Note 1.Financial statements preparation
This financial report of Westpac Banking Corporation (the Parent Entity), together with its controlled entities (the Group or Westpac), for the year ended 30 September 2025, was authorised for issue by the Board of Directors on 2 November 2025. The Directors have the power to amend and reissue the financial report.
The material accounting policies are set out below and in the relevant notes to the financial statements. The accounting policy for the recognition, derecognition, classification and measurement basis of financial assets and financial liabilities precedes Note 9. These policies have been consistently applied to all the years presented, unless otherwise stated.

a.   Basis of preparation
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(i)   Basis of accounting
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This financial report is a general purpose financial report prepared in accordance with:

●   The requirements for an Authorised Deposit-taking Institution (ADI) under the Banking Act 1959 (as amended);
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●   Australian Accounting Standards (AAS) and Interpretations as issued by the Australian Accounting Standards Board (AASB); and
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●   The Corporations Act 2001.