Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 104

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 104
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 discount rate applied for fixed rate loans reflects the market rate for the maturity of the loan and the credit worthiness of the borrower.
Investment securities                        ​   The carrying value approximates the fair value. The balance principally relates to government securities from illiquid markets. Fair value is monitored by reference to recent issuances.                                                                                                                                                                                                        
Deposits and other borrowings                ​   Fair values of deposit liabilities payable on demand (non-interest bearing, interest bearing and savings deposits) approximate their carrying value. Fair values for term deposits are estimated using discounted cash flows, applying market rates offered for deposits of similar remaining maturities.                                                                                        
Debt issues and loan capital                 ​   Fair values are calculated using a discounted cash flow model. The discount rates applied reflect the terms of the instruments, the timing of the estimated cash flows and are adjusted for any changes in Westpac’s credit spreads.                                                                                                                                                             
All other financial assets and liabilities   ​   For all other financial assets and liabilities, the carrying value approximates the fair value. These items are either short-term in nature, re-price frequently or are of a high credit rating.                                                                                                                                                                                                 
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FINANCIAL   EXHIBITS INDEX   STRATEGIC   PERFORMANCE   EXHIBIT 15.4   ADDITIONAL 
REPORT                       REVIEW      REVIEW                       INFORMATION
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Note 22.Fair values of financial assets and financial liabilities (Continued)
The following tables summarise the estimated fair value and fair value hierarchy of financial instruments not measured at fair value.

                          ​                              ​      ​       ​      ​      ​       ​      ​       ​      ​       ​   
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​                                                        ​          ​   ​   Estimated fair value                                
Consolidated                                             ​   Carrying   ​   ​         ​    ​         ​    ​         ​          ​
$m                                                             amount       Level 1        Level 2        Level 3          Total
2025                                                     ​          ​   ​   ​         ​    ​         ​    ​         ​          ​
Financial assets not measured at fair value              ​          ​   ​   ​         ​    ​         ​    ​         ​          ​
Cash and balances with central banks                           50,430       50,430         -              -               50,430
Collateral paid                                                 4,590       4,590          -              -                4,590
Investment securities                                    973                -         482            491