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As of and for the financial year ended September 30,
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2022(1)
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2022
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2021
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2020
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2019
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2018
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(in US$
millions) |
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(in A$ millions)
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Income statement(2),(3) | | | | | | | | ||||||||||||||||||||||||||||||
Net interest income
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| | | | 11,047 | | | | | | 17,161 | | | | | | 16,858 | | | | | | 16,696 | | | | | | 16,907 | | | | | | 16,505 | | |
Net fee income
|
| | | | 1,076 | | | | | | 1,671 | | | | | | 1,482 | | | | | | 1,592 | | | | | | 1,655 | | | | | | 2,424 | | |
Net wealth management and insurance income
|
| | | | 520 | | | | | | 808 | | | | | | 1,211 | | | | | | 751 | | | | | | 1,029 | | | | | | 2,061 | | |
Trading income
|
| | | | 427 | | | | | | 664 | | | | | | 719 | | | | | | 895 | | | | | | 929 | | | | | | 945 | | |
Other income
|
| | | | (449) | | | | | | (698) | | | | | | 952 | | | | | | 249 | | | | | | 129 | | | | | | 72 | | |
Net operating income before operatingexpenses and impairment charges
|
| | | | 12,620 | | | | | | 19,606 | | | | | | 21,222 | | | | | | 20,183 | | | | | | 20,649 | | | | | | 22,007 | | |
Operating expenses
|
| | | | (6,953) | | | | | | (10,802) | | | | | | (13,311) | | | | | | (12,739) | | | | | | (10,106) | | | | | | (9,566) | | |
Impairment (charges)/benefits
|
| | | | (216) | | | | | | (335) | | | | | | 590 | | | | | | (3,178) | | | | | | (794) | | | | | | (710) | | |
Profit before income tax
expense |
| | | | 5,451 | | | | | | 8,469 | | | | | | 8,501 | | | | | | 4,266 | | | | | | 9,749 | | | | | | 11,731 | | |
Income tax expense
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| | | | (1,783) | | | | | | (2,770) | | | | | | (3,038) | | | | | | (1,974) | | | | | | (2,959) | | | | | | (3,632) | | |
Net profit attributable to non-controlling interests
|
| | | | (3) | | | | | | (5) | | | | | | (5) | | | | | | (2) | | | | | | (6) | | | | | | (4) | | |
Net profit attributable to owners of Westpac Banking
Corporation |
| | | | 3,665 | | | | | | 5,694 | | | | | | 5,458 | | | | | | 2,290 | | | | | | 6,784 | | | | | | 8,095 | | |
Balance sheet(2),(3) | | | | | | | | ||||||||||||||||||||||||||||||
Loans
|
| | | | 476,111 | | | | | | 739,647 | | | | | | 709,784 | | | | | | 693,059 | | | | | | 714,770 | | | | | | 709,690 | | |
Other assets
|
| | | | 176,728 | | | | | | 274,551 | | | | | | 226,093 | | | | | | 218,887 | | | | | | 191,856 | | | | | | 169,902 | | |
Total assets
|
| | | | 652,839 | | | | | | 1,014,198 | | | | | | 935,877 | | | | | | 911,946 | | | | | | 906,626 | | | | | | 879,592 | | |
Deposits and other borrowings
|
| | | | 424,281 | | | | | | 659,129 | | | | | | 626,955 | | | | | | 591,131 | | | | | | 563,247 | | | | | | 559,285 | | |
Debt issues
|
| | | | 93,252 | | | | | | 144,868 | | | | | | 128,779 | | | | | | 150,325 | | | | | | 181,457 | | | | | | 172,596 | | |
Loan capital
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| | | | 20,118 | | | | | | 31,254 | | | | | | 29,067 | | | | | | 23,949 | | | | | | 21,826 | | | | | | 17,265 | | |
Other liabilities
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| | | | 69,802 | | | | | | 108,438 | | | | | | 78,984 | | | | | | 78,467 | | | | | | 74,589 | | | | | | 65,873 | | |
Total liabilities
|
| | | | 607,453 | | | | | | 943,689 | | | | | | 863,785 | | | | | | 843,872 | | | | | | 841,119 | | | | | | 815,019 | | |
Total shareholders’ equity and non-controlling interests
|
| | | | 45,387 | | | | | | 70,509 | | | | | | 72,092 | | | | | | 68,074 | | | | | | 65,507 | | | | | | 64,573 | | |
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As of and for the financial year ended September 30,
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2022
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2021
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2020
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2019
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2018
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Key Financial Ratios | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Business Performance | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating expenses to operating income ratio (%)
|
| | | | 55.10 | | | | | | 62.72 | | | | | | 63.12 | | | | | | 48.94 | | | | | | 43.47 | | |
Net interest margin (%)(4)
|
| | | | 1.93 | | | | | | 2.06 | | | | | | 2.03 | | | | | | 2.12 | | | | | | 2.13 | | |
Return on average assets (%)(5)
|
| | | | 0.58 | | | | | | 0.60 | | | | | | 0.25 | | | | | | 0.76 | | | | | | 0.94 | | |
Capital Adequacy | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
APRA Basel III: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Common equity Tier 1 (%)
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| | | | 11.29 | | | | | | 12.32 | | | | | | 11.13 | | | | | | 10.67 | | | | | | 10.63 | | |
Tier 1 ratio (%)
|
| | | | 13.39 | | | | | | 14.65 | | | | | | 13.23 | | | | | | 12.84 | | | | | | 12.78 | | |
Total capital ratio (%)
|
| | | | 18.40 | | | | | | 18.86 | | | | | | 16.38 | | | | | | 15.63 | | | | | | 14.74 | | |
Credit Quality(6) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Loan written off (net of recoveries)
|
| | | | 745 | | | | | | 594 | | | | | | 977 | | | | | | 982 | | | | | | 948 | | |
Loans written off (net of recoveries) to average loans (basis points)
|
| | | | 10 | | | | | | 8 | | | | | | 14 | | | | | | 14 | | | | | | 14 | | |
Net impaired assets to equity and collectively assessed provisions (%)
|
| | | | 1.06 | | | | | | 1.28 | | | | | | 2.21 | | | | | | 1.41 | | | | | | 1.14 | | |
Total provisions for expected credit losses to total loans (basis points)
|
| | | | 62 | | | | | | 70 | | | | | | 88 | | | | | | 54 | | | | | | 43 | | |
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As of
September 30, 2022 |
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Actual
|
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As adjusted
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(unaudited)
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(in A$ millions)
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Cash and balances with central banks
|
| | | | 105,257 | | | | | | 105,257 | | |
Debt issues
|
| | | | 144,868 | | | | | | 144,868 | | |
Notes offered hereby
|
| | | | — | | | | | | (1) | | |
Loan capital
|
| | | | 31,254 | | | | | | 31,254 | | |
Shareholders’ equity and non-controlling interests | | | | | | | | | | | | | |
Share capital
|
| | | | 39,011 | | | | | | 39,011 | | |
Reserves
|
| | | | 2,378 | | | | | | 2,378 | | |
Retained profits
|
| | | | 29,063 | | | | | | 29,063 | | |
Non-controlling interests
|
| | | | 57 | | | | | | 57 | | |
Total shareholders’ equity and non-controlling interests
|
| | | | 70,509 | | | | | | 70,509 | | |
Total capitalization
|
| | | | 246,631 | | | | | | | | |
Underwriter
|
| |
Principal Amount of
Fixed Rate Notes |
| |
Principal Amount of
Floating Rate Notes |
|
BofA Securities, Inc.
|
| |
US$
|
| |
US$
|
|
Citigroup Global Markets Inc.
|
| | | | | | |
J.P. Morgan Securities LLC
|
| | | | | | |
Westpac Banking Corporation
|
| |
|
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|
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Total
|
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US$
|
| |
US$
|
|
Financial Year
|
| |
At Period End
|
| |
Average Rate(1)
|
| |
High
|
| |
Low
|
| ||||||||||||
2018
|
| | | | 0.7238 | | | | | | 0.7583 | | | | | | 0.8105 | | | | | | 0.7107 | | |
2019
|
| | | | 0.6746 | | | | | | 0.7023 | | | | | | 0.7360 | | | | | | 0.6730 | | |
2020
|
| | | | 0.7160 | | | | | | 0.6815 | | | | | | 0.7388 | | | | | | 0.5755 | | |
2021
|
| | | | 0.7228 | | | | | | 0.7490 | | | | | | 0.7953 | | | | | | 0.7006 | | |
2022 | | | | | 0.6437 | | | | | | 0.7097 | | | | | | 0.7598 | | | | | | 0.6437 | | |
2023(2) | | | | | 0.6435 | | | | | | 0.6415 | | | | | | 0.6501 | | | | | | 0.6219 | | |
|
SEC Registration Fee
|
| |
US$
|
|
|
Printing Expenses
|
| |
15,000
|
|
|
Trustee’s Fees and Expenses
|
| |
7,500
|
|
|
Accountants’ Fees and Expenses
|
| |
80,000
|
|
|
Legal Fees and Expenses
|
| |
140,000
|
|
|
Total
|
| |
US$
|
|
| | |
Page
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Financial Year
|
| |
At Period
End |
| |
Average
Rate(1) |
| |
High
|
| |
Low
|
| ||||||||||||
2017
|
| | | | 0.7840 | | | | | | 0.7624 | | | | | | 0.8071 | | | | | | 0.7174 | | |
2018
|
| | | | 0.7238 | | | | | | 0.7583 | | | | | | 0.8105 | | | | | | 0.7107 | | |
2019
|
| | | | 0.6746 | | | | | | 0.7023 | | | | | | 0.7360 | | | | | | 0.6730 | | |
2020
|
| | | | 0.7160 | | | | | | 0.6815 | | | | | | 0.7388 | | | | | | 0.5755 | | |
2021
|
| | | | 0.7228 | | | | | | 0.7490 | | | | | | 0.7953 | | | | | | 0.7006 | | |
2022(2) | | | | | 0.7510 | | | | | | N/A | | | | | | 0.7547 | | | | | | 0.7258 | | |
| BofA Securities | | |
Citigroup
|
| |
J.P. Morgan
|
| |
Westpac Banking Corporation
|
|
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