Annual Report of Bank
WESTPAC GROUP ANNUAL REPORT 2011
westpac group annual report 2011
This report to shareholders, which will be lodged with the Australian Securities Exchange and the Australian Securities and Investments Commission, is also available on our website www.westpac.com.au/ investorcentre
Westpac Banking Corporation ABN 33 007 457 141 For more information about Westpac refer to ‘Section 1’ and ‘Contact Us’, or visit www.westpac.com.au/investorcentre
Table of contents
Annual Report Performance highlights Section 1 Chairman’s report Chief Executive Officer’s report Information on Westpac Business strategy Managing sustainability Five year summary – non-financial Outlook Significant developments Corporate governance Directors’ report Remuneration report Section 2 Five year summary Reading this report Review of Group operations Income statement review Balance sheet review Capital resources Commitments Divisional performance Westpac Retail & Business Banking Westpac Institutional Bank St.George Banking Group BT Financial Group (Australia) New Zealand Banking Other divisions Risk and risk management Risk factors Risk management Credit risk Liquidity risk Market risk Operational and compliance risk
In this Annual Report a reference to ‘Westpac’, ‘Group’, ‘Westpac Group’, ‘we’, ‘us’ and ‘our’ is to Westpac Banking Corporation ABN 33 007 457 141 and its subsidiaries unless it clearly means just Westpac Banking Corporation. For certain information about the basis of preparing the financial information in this Annual Report see ‘Reading this report’ in Section 2. In addition, this Annual Report contains statements that constitute ‘forward-looking statements’ within the meaning of section 21E of the US Securities Exchange Act of 1934. For an explanation of forward-looking statements and the risks, uncertainties and assumptions to which they are subject, see ‘Reading this report’ in Section 2. Information contained in or accessible through the websites mentioned in this
westpac group annual report 2011
This report to shareholders, which will be lodged with the Australian Securities Exchange and the Australian Securities and Investments Commission, is also available on our website www.westpac.com.au/ investorcentre
Westpac Banking Corporation ABN 33 007 457 141 For more information about Westpac refer to ‘Section 1’ and ‘Contact Us’, or visit www.westpac.com.au/investorcentre
Table of contents
Annual Report Performance highlights Section 1 Chairman’s report Chief Executive Officer’s report Information on Westpac Business strategy Managing sustainability Five year summary – non-financial Outlook Significant developments Corporate governance Directors’ report Remuneration report Section 2 Five year summary Reading this report Review of Group operations Income statement review Balance sheet review Capital resources Commitments Divisional performance Westpac Retail & Business Banking Westpac Institutional Bank St.George Banking Group BT Financial Group (Australia) New Zealand Banking Other divisions Risk and risk management Risk factors Risk management Credit risk Liquidity risk Market risk Operational and compliance risk
In this Annual Report a reference to ‘Westpac’, ‘Group’, ‘Westpac Group’, ‘we’, ‘us’ and ‘our’ is to Westpac Banking Corporation ABN 33 007 457 141 and its subsidiaries unless it clearly means just Westpac Banking Corporation. For certain information about the basis of preparing the financial information in this Annual Report see ‘Reading this report’ in Section 2. In addition, this Annual Report contains statements that constitute ‘forward-looking statements’ within the meaning of section 21E of the US Securities Exchange Act of 1934. For an explanation of forward-looking statements and the risks, uncertainties and assumptions to which they are subject, see ‘Reading this report’ in Section 2. Information contained in or accessible through the websites mentioned in this