Corporate Accounting - National Australian Bank & Westpac Bank

Corporate
Accounting
National Australian Bank
&
Westpac Bank

Decision of Financing
O This PPT is designed to understand
the evolution of funds of two major
banks namely National Australian
Bank and Westpac bank (Westpac
Banking Corporation 2018).
O Further, the application of AASB 137
has been understood with respect to
these two banks.

National Australia
Bank
O National Australia Bank was founded in
1982.
O Ranked as 21st in world on the basis of
market capitalization
O Primary activities of the business are as
follows
O Business banking
O Wholesale banking
O Wealth management (National Australia
Bank, 2017)

Westpac Bank
O Headquartered in Sydney and
founded in the year 1817 (Westpac,
2017).
O The primary activities of Westpac are
O Westpac New Zealand
O Westpac Pacific
O Rein Venture
O Westpac Institutional bank

Sources of funds
O There are different sources of funds such as
short term and long term. These sources of
funds are useful to acquire the funds for
carrying the operations o the business
(Gamper, et al 2017).
O Some of the examples of the funds used by
the banks are
O Equity
O Deposits and Borrowings
O Retained profits
O Bonds notes and subordinate debts

Statistics of Last three years
NAB
National Australian Bank
Description of the sources of funds
2019
($m) 2018 ($m)
2017
($m)
Deposits and Borrowings 522085 503145 500604
Bonds, notes and subordinated debt 143258 140222 124871
Equity Share Capital 38707 35982 34627
Retained Profits 16583 16673 16442