Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 56

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 56
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 | Indefinite                     |
| Broadcasting rights    |     | 5 years (FKAP)                 |
| Season ticket holders  |     | 5 years (UYBA)                 |
| Stadium lease          |     | 16 years (UYBA)                |
| Customer relationships |     | 3 years (UYBA)                 |

F-25

Impairment of Assets

Goodwill and intangible assets that have an indefinite
useful life are not subject to amortization and are tested annually for impairment, or more frequently if events or changes in circumstances
indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in circumstances indicate that
the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset’s carrying amount
exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in
use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash
inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial
assets other than goodwill that suffered an impairment are reviewed for possible reversal of the impairment at the end of each reporting
period. The Company performed its annual impairment assessment and determined that no impairment losses were required to be recognized
for the fiscal years 2024 and 2023.

Government Grants

Grants from the government are recognized at their
fair value where there is a reasonable assurance that the grant will be received, and the Company will comply with all attached conditions.

Investments And Other Financial Assets

Classification

The Company classifies its financial assets in
the following measurement categories:

| ● | those to be measured subsequently at fair value (either through other comprehensive income or through profit or loss), and |

| ● | those to be measured at amortized cost. |

The classification depends on the entity’s
business model for managing the financial assets and the contractual terms of the cash flows.

For assets measured at fair value, gains and losses
will either be recorded in profit or loss or other comprehensive income. For investments in equity instruments that are not held for trading,
this will depend on whether the Company has made an irrevocable election at the time of initial recognition to account for the equity
investment at fair value through other comprehensive income. The Company reclassifies debt investments when and only when its business
model