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

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 20
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423              ​   ​         ​
All other assetsa,c                                                83,338              ​   ​         ​          70,468              ​   ​         ​          59,356              ​   ​         ​
Total non-interest earning assets                                 108,223              ​   ​         ​          87,254              ​   ​         ​          82,779              ​   ​         ​
Total assets                                                    1,111,079              ​   ​         ​       1,057,309              ​   ​         ​       1,023,228              ​   ​         ​
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a.   Certain portions of loans are non-interest earning and are presented in All other assets. The non-interest earning portion represents the impact of mortgage offset deposits which are taken into consideration when calculating interest charged on loans.
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b.   Interest income includes net ineffectiveness on qualifying hedges.
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c.   Includes property and equipment, intangible assets, deferred tax assets, non-interest earning loans relating to mortgage offset accounts and all other non-interest earning assets. Mortgage offset balances were $65,482 million (2024: $57,028 million, 2023: $49,702 million).
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WESTPAC GROUP 2025 ANNUAL REPORT
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NOTES TO THE FINANCIAL STATEMENTS

Note 3.Net interest income and average balance sheet and interest rates (Continued)

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​                                                         ​                                     2025   ​                                     2024   ​                                     2023
​                                                         ​     Average   ​   Interest   ​   Average   ​     Average   ​   Interest   ​   Average   ​     Average   ​   Interest   ​   Average
​                                                         ​     balance   ​    expense   ​      rate   ​     balance   ​    expense   ​      rate   ​     balance   ​    expense   ​      rate
Consolidated                                              ​          $m   ​         $m   ​         %   ​          $m   ​         $m   ​         %   ​          $m   ​         $m   ​         %
Liabilities                                                                                                                                                                                   
Interest bearing liabilities                                                                                                                                                                  
Deposits and other borrowings