According to its Interim 2017 results, Westpac had total assets of $840bn, risk-weighted assets of $404.4bn, and equity capital of $40.3bn. Its customer deposits were $478.7bn.
Distinguish between total assets and risk-weighted assets. What was the total value of all sources of funding used by Westpac at this point in time, excluding customer deposits and equity capital? Explain how you have calculated your answer.