XML 62 R44.htm IDEA: XBRL DOCUMENT v3.21.1
Segment reporting - Segment results (Details) - AUD ($)
$ in Millions
6 Months Ended
Mar. 31, 2021
Sep. 30, 2020
Mar. 31, 2020
Income Statement      
Net interest income $ 8,348 $ 7,696 $ 9,000
Net fee income 700 837 755
Net wealth management and insurance income 598 286 465
Trading income 442 435 460
Net operating income before operating expenses and impairment charges 10,686 9,579 10,604
Operating expenses (5,997) (6,558) (6,181)
Impairment (charges)/benefits 372 (940) (2,238)
Profit before income tax expense 5,061 2,081 2,185
Tax income (expense)/benefit (1,616) (980) (994)
Net profit attributable to NCI 2 1 1
Net profit attributable to owners of Westpac Banking Corporation (WBC) 3,443 1,100 1,190
Balance Sheet      
Loans 688,218 693,059 719,678
Deposits and other borrowings 585,401 591,131 582,920
Consumer      
Income Statement      
Net profit attributable to owners of Westpac Banking Corporation (WBC) 1,592 1,274 1,472
Balance Sheet      
Loans 395,130 389,793 395,625
Deposits and other borrowings 223,062 219,259 208,427
Business      
Income Statement      
Net profit attributable to owners of Westpac Banking Corporation (WBC) 920 256 478
Balance Sheet      
Loans 134,844 140,698 144,959
Deposits and other borrowings 154,455 151,939 142,175
Westpac Institutional Bank      
Income Statement      
Net profit attributable to owners of Westpac Banking Corporation (WBC) 230 185 147
Balance Sheet      
Loans 62,408 66,192 78,595
Deposits and other borrowings 91,008 102,851 109,977
Westpac New Zealand      
Income Statement      
Net profit attributable to owners of Westpac Banking Corporation (WBC) 542 327 292
Balance Sheet      
Loans 83,151 81,434 84,778
Deposits and other borrowings 71,019 68,473 70,725
Specialist Businesses      
Income Statement      
Net profit attributable to owners of Westpac Banking Corporation (WBC) 134 (567) 30
Impairment of goodwill and other intangible assets 89 538 33
Balance Sheet      
Loans 12,687 14,942 16,269
Deposits and other borrowings 6,445 9,260 9,625
Group Businesses      
Income Statement      
Net profit attributable to owners of Westpac Banking Corporation (WBC) 25 (375) (1,229)
Balance Sheet      
Loans (2)   (548)
Deposits and other borrowings 39,412 39,349 41,991
Operating segments      
Income Statement      
Net interest income 8,469 8,420 8,666
Net fee income 700 837 755
Net wealth management and insurance income 595 278 481
Trading income 453 499 429
Other income 582 251 10
Net operating income before operating expenses and impairment charges 10,799 10,285 10,341
Operating expenses (5,981) (6,540) (6,160)
Impairment (charges)/benefits 372 (940) (2,238)
Profit before income tax expense 5,190 2,805 1,943
Tax income (expense)/benefit (1,651) (1,189) (949)
Net profit attributable to NCI (2) (1) (1)
Cash earnings 3,537 1,615 993
Operating segments | Consumer      
Income Statement      
Net interest income 4,216 4,313 4,234
Net fee income 191 196 275
Trading income 39 42 48
Other income 11 9 3
Net operating income before operating expenses and impairment charges 4,457 4,560 4,560
Operating expenses (2,270) (2,141) (2,035)
Impairment (charges)/benefits 80 (599) (416)
Profit before income tax expense 2,267 1,820 2,109
Tax income (expense)/benefit (675) (546) (637)
Cash earnings 1,592 1,274 1,472
Operating segments | Business      
Income Statement      
Net interest income 2,083 2,019 2,144
Net fee income 221 191 247
Net wealth management and insurance income 10 10 12
Trading income 40 47 50
Other income 2 1 2
Net operating income before operating expenses and impairment charges 2,356 2,268 2,455
Operating expenses (1,170) (1,230) (1,068)
Impairment (charges)/benefits 129 (674) (697)
Profit before income tax expense 1,315 364 690
Tax income (expense)/benefit (395) (108) (212)
Cash earnings 920 256 478
Operating segments | Westpac Institutional Bank      
Income Statement      
Net interest income 464 506 605
Net fee income 278 280 264
Trading income 298 364 273
Other income 6 (18) 19
Net operating income before operating expenses and impairment charges 1,046 1,132 1,161
Operating expenses (698) (697) (619)
Impairment (charges)/benefits (8) (111) (293)
Profit before income tax expense 340 324 249
Tax income (expense)/benefit (110) (139) (102)
Cash earnings 230 185 147
Operating segments | Westpac New Zealand      
Income Statement      
Net interest income 996 892 940
Net fee income 73 56 67
Net wealth management and insurance income 44 80 78
Trading income 43 9 18
Other income 7 7 4
Net operating income before operating expenses and impairment charges 1,163 1,044 1,107
Operating expenses (500) (482) (516)
Impairment (charges)/benefits 92 (102) (200)
Profit before income tax expense 755 460 391
Tax income (expense)/benefit (210) (129) (110)
Cash earnings 545 331 281
Operating segments | Specialist Businesses      
Income Statement      
Net interest income 253 247 287
Net fee income 42 48 41
Net wealth management and insurance income 626 266 358
Trading income 15 17 40
Other income 1 3 (11)
Net operating income before operating expenses and impairment charges 937 581 715
Operating expenses (740) (1,128) (420)
Impairment (charges)/benefits 80 (95) (160)
Profit before income tax expense 277 (642) 135
Tax income (expense)/benefit (146) 44 (41)
Net profit attributable to NCI 3 (1) (1)
Cash earnings 134 (599) 93
Operating segments | Group Businesses      
Income Statement      
Net interest income 457 443 456
Net fee income (105) 66 (139)
Net wealth management and insurance income (85) (78) 33
Trading income 18 20  
Other income 555 249 (7)
Net operating income before operating expenses and impairment charges 840 700 343
Operating expenses (603) (862) (1,502)
Impairment (charges)/benefits (1) 641 (472)
Profit before income tax expense 236 479 (1,631)
Tax income (expense)/benefit (115) (311) 153
Net profit attributable to NCI (5)    
Cash earnings 116 168 (1,478)
Net cash earnings adjustment      
Income Statement      
Net cash earnings adjustments (94) (515) 197
Net cash earnings adjustment | Westpac New Zealand      
Income Statement      
Net cash earnings adjustments (3) (4) 11
Net cash earnings adjustment | Specialist Businesses      
Income Statement      
Net cash earnings adjustments   32 (63)
Net cash earnings adjustment | Group Businesses      
Income Statement      
Net cash earnings adjustments $ (91) $ (543) $ 249