Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 37

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 37
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| ● | liabilities incurred to the former owners of the acquired business. |

| ● | equity interests issued by the Company. |

| ● | fair value of any asset or liability resulting from a contingent consideration arrangement, and |

| ● | fair value of any pre-existing equity interest in the subsidiary. |

Identifiable assets acquired and liabilities and
contingent liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at the
acquisition date. The Company recognizes any non-controlling interest in the acquired entity on an acquisition-by-acquisition basis either
at fair value or at the non-controlling interest’s proportionate share of the acquired entity’s net identifiable assets.

Acquisition-related costs are costs the Company
incurs to affect a business combination. The Company accounts for acquisition-related costs as expenses in the periods in which the costs
are incurred and the services are received.

The excess of (a) the consideration transferred,
(b) the amount of any non-controlling interest in the acquired entity, and (c) the acquisition date fair value of any previous equity
interest in the acquired entity over the fair value of the net identifiable assets acquired is recorded as goodwill.

F-13

If those amounts are less than the fair value
of the net identifiable assets of the business acquired, the difference is recognized directly in profit or loss as a bargain purchase.

Where settlement of any part of cash consideration
is deferred, the amounts payable in the future are discounted to their present value as at the date of exchange. The discount rate used
is the entity’s incremental borrowing rate, being the rate at which a similar borrowing could be obtained from an independent financier
under comparable terms and conditions.

Contingent consideration is classified either
as equity or a financial liability. Amounts classified as a financial liability are subsequently re-measured to fair value, with changes
in fair value recognized in profit or loss.

If the business combination is achieved in stages,
the acquisition date carrying value of the acquirer’s previously held equity interest in the acquiree is re-measured to fair value
at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand,
deposits held at call with financial institutions and all short-term investments readily convertible to cash, without notice or penalty,
with an initial maturity of 90 days or less to be cash equivalents. Our Company had cash equivalents of EUR and EUR