Investor Presentaiton
Notable items and simplification impacts.
Contribution of businesses sold¹
Notable items
($m after tax)
1H22
2H22
($m)
FY21
1H22
2H22
Core earnings
515
74
35
Remediation and litigation
(65)
(68)
Cash earnings
389
57
16
Write-down of assets &
accelerated branch closure
costs
(154)
(129)
Included in businesses sold
FY21 1H22 2H22
General Insurance
Lenders Mortgage Insurance
Asset sales / revaluations
213
(1,089)
Vendor Finance
Motor Vehicle Finance &
|
Novated Leasing
Total cash earnings impact
NZ life insurance
(6)
(1,286)
Australian life insurance
1 Contribution of businesses sold in respective period. For detail on the contribution of business under sale agreement and presented as Held for Sale refer to Westpac's 2022 Full Year Financial Results Announcement Section 5 Note 8.
19
Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
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