Norwood made a $456,658 profit.
Unfortunately, that's not the true financial situation.
The auditor's Financial Statement shows a profit of $456,658; but it won't be until the AGM (on Thursday 12/2) that the real value will be revealed.
For comparison, in 2024 the auditor's Financial Statement showed a profit of $608155 , but the report at the AGM was a loss of $97717 .
Between the auditor doing their work and the club informing the members there are a whole lot of mysterious activities (adding back depreciation, removing the 'Build The Fort deficit', removing losses due to scrapping assets, multiplying by the number of teeth your grandma has, removing some sponsorship money, etc etc etc).
I hope to be able to report back after the AGM tomorrow.