Below are the financial statements of Westpac Banking, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of AUD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Interest income: | — | — | — |
| Calculated using the effective interest method | 52,739a | 42,515a | 22,981a |
| Other | 1,608a | 1,237a | 270a |
| Total interest income | 54,347a | 43,752a | 23,251a |
| Interest expense | -35,594a | -25,435a | -6,090a |
| Net interest income | 18,753a | 18,317a | 17,161a |
| Non-interest income | — | — | — |
| Net fees | 1,672a | 1,645a | 1,671a |
| Net wealth management and insurance | 441a | 562a | 808a |
| Trading | 704a | 717a | 664a |
| Other | 18a | 404a | -698a |
| Total non-interest income | 2,835a | 3,328a | 2,445a |
| Net operating income | 21,588a | 21,645a | 19,606a |
| Operating expenses | -10,944a | -10,692a | -10,802a |
| Impairment (charges)/benefits | -537a | -648a | -335a |
| Profit before income tax expense | 10,107a | 10,305a | 8,469a |
| Income tax expense | -3,117a | -3,104a | -2,770a |
| Profit after income tax expense | 6,990a | 7,201a | 5,699a |
| Net profit attributable to non-controlling interests (NCI) | 0a | -6a | -5a |
| Net profit attributable to owners of Westpac Banking Corporation (WBC) | 6,990a | 7,195a | 5,694a |
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