Westpac Banking (ASX:WBC) Deferred Tax : A$665 Mil (TTM As of Sep. 2023)

View and export this data going back to 1970. Start your Free Trial

What is Westpac Banking Deferred Tax?

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Westpac Banking's change in deferred tax for the six months ended in Sep. 2023 was A$409 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Sep. 2023 was A$665 Mil.

Westpac Banking Deferred Tax Historical Data

The historical data trend for Westpac Banking's Deferred Tax can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Westpac Banking Deferred Tax Chart

Westpac Banking Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Deferred Tax

Get a 7-Day Free Trial

-541.00

-1,112.00

350.00

427.00

665.00

Westpac Banking Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Deferred Tax	Get a 7-Day Free Trial															264.00	101.00	326.00	256.00	409.00

Westpac Banking Deferred Tax Calculation

Deferred Tax for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$665 Mil.

Westpac Banking Deferred Tax Related Terms

Thank you for viewing the detailed overview of Westpac Banking's Deferred Tax provided by GuruFocus.com. Please click on the following links to see related term pages.

Westpac Banking (ASX:WBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westpac Banking Corp (ASX:WBC) » Definitions » Deferred Tax

Comparable Companies

Traded in Other Exchanges

WEBNF:USA WBC:New Zealand WBC:Germany WBCPL.PFD:Australia WBCPK.PFD:Australia WBCPJ.PFD:Australia WBCPI.PFD:Australia WBCPH.PFD:Australia WBCPG.PFD:Australia WBCPF.PFD:Australia

Address

275 Kent Street, Sydney, NSW, AUS, 2000

Website

https://www.westpac.com.au

Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.