Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 32

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 32
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); (b) current liabilities from non-current liabilities, where current liabilities are intended as the liabilities that should be paid during the normal operating cycle, or over the 12-month period subsequent to the reporting date. The consolidated statements of profit or loss have been prepared based on the function of the expenses. The consolidated statements of cash flows have been prepared using the indirect method. The consolidated financial statements present all amounts rounded to the nearest euro (“EUR” or “€”), unless otherwise stated. They also present comparative information with respect to previous periods. F-10

Profit or loss and each item of other comprehensive
income are attributed to the owners of the Company and to the non-controlling interests. Total comprehensive income of subsidiaries is
attributed to the owners of the Company and to the non-controlling interests even if this results in the non-controlling interests having
a deficit balance.

When necessary, adjustments are made to the financial
statements of subsidiaries to bring their accounting policies in line with the Company’s accounting policies.

All intercompany assets and liabilities, equity,
income, expenses and cash flows relating to transactions between members of the Company are eliminated in consolidation.

Non-controlling interests in subsidiaries are
presented separately from the Company’s equity therein, which represent present ownership interests entitling their holders to a
proportionate share of net assets of the relevant subsidiaries upon liquidation.

The following table lists the group companies
in the Company.

| Company name                    
 Brera Holdings PLC              
 Brera Milano Srl                |     | Jurisdiction 
 Ireland      
 Italy        |     | Incorporation Date 
 June 30, 2022      
 December 20, 2016  |     | Ownership                     
 Holding Company               
 100% (via Brera Holdings PLC) |
|:--------------------------------|:----|:-------------|:----|:-------------------|:----|:------------------------------|
| Brera FC                        |     | Italy        |     | July 31, 2023      |     | 100% (via Brera Milano Srl)   |
| Fudbalski Klub Akademija Pandev |     | Macedonia    |     | June 9, 2017       |     | 90% (via Brera Holdings PLC)  |
| UYBA Volley S.s.d.a.r.l         |     | Italy        |     | June 7, 2002       |     | 51% (via Brera Holdings PLC)  |
| Tiverija Brera AD Str