Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 53

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 53
---
 index or rate as at the commencement date; |

| ● | amounts expected to be payable by the Company under residual value guarantees; |

| ● | the exercise price of a purchase option if the Company is reasonably certain to exercise the option; and |

| ● | payments of penalties for terminating a lease, if the lease term reflects the Company exercising an option to terminate the lease. |

After the commencement date, lease liabilities
are adjusted by interest accretion and lease payments.

The Company remeasures lease liabilities (and
makes a corresponding adjustment to the related right-of-use assets) whenever:

| ● | the lease term has changed or there is a change in the assessment of exercise of a purchase option, in which case the related lease liability is remeasured by discounting the revised lease payments using a revised discount rate at the date of reassessment. |

| ● | the lease payments change due to changes in market rental rates following a market rent review/expected payment under a guaranteed residual value, in which cases the related lease liability is remeasured by discounting the revised lease payments using the initial discount rate. |

The Company presents lease liabilities as a separate
line item on the consolidated statements of financial position.

F-23

Right-of-Use Assets

The cost of right-of-use asset includes:

| ● | the amount of the initial measurement of the lease liability; |

| ● | any lease payments made at or before the commencement date, less any lease incentives received; |

| ● | any initial direct costs incurred by the Company; and |

| ● | an estimate of costs to be incurred by the Company in dismantling and removing the underlying assets, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease. |

Right-of-use assets are measured at cost, less
any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities.

Right-of-use assets in which the Company is reasonably
certain to obtain ownership of the underlying leased assets at the end of the lease term are depreciated from commencement date to the
end of the useful life. Otherwise, right-of-use assets are amortized on a straight-line basis over the shorter of its estimated useful
life and the lease term.

The Company presents right-of-use assets as a
separate line item on the consolidated statements of financial position.

Inventories

Inventories are valued at the lower of cost and
net realizable value. Cost comprises purchase cost of