Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 106

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 106
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Collateral received                                      ​     2,935       2,935        -             -               2,935
Deposits and other borrowings                                599,314       -            598,587       1,405         599,992
Other financial liabilities                                   14,598       -            14,598        -              14,598
Debt issuesb                                                 141,921       -            142,427       -             142,427
Due to subsidiaries                                           55,378       -            3,505         51,873         55,378
Loan capitalb                                                 36,770       -            38,240        -              38,240
Total financial liabilities not measured at fair value       850,916       2,935        797,357       53,278        853,570
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a.   Due from subsidiaries excluded $782 million (2024: $778 million) of long-term debt instruments with equity-like characteristics which are part of the total investment in subsidiaries.
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b.   The estimated fair values of debt issues and loan capital include the impact of changes in Westpac’s credit spreads since origination.
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FINANCIAL   EXHIBITS INDEX   STRATEGIC   PERFORMANCE   EXHIBIT 15.4   ADDITIONAL 
REPORT                       REVIEW      REVIEW                       INFORMATION
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Note 23.Offsetting financial assets and financial liabilities 
Accounting policy
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Financial assets and liabilities are presented net in the balance sheet when Westpac has a legally enforceable right to offset them in all circumstances and there is an intention to settle the asset and liability on a net basis, or to realise the asset and settle the liability simultaneously. The gross assets and liabilities behind the net amounts reported in the balance sheet are disclosed in the following tables.
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Some of Westpac’s offsetting arrangements are not enforceable in all circumstances. The amounts in the tables below may not tie back to the balance sheet if there are balances which are not subject to offsetting or enforceable netting arrangements. The amounts presented in this note do not represent the credit risk exposure of Westpac or Parent Entity. Refer to Note 11 for information on credit risk management. The offsetting and collateral arrangements and other credit risk mitigation