Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 68

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 68
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, VAT and other taxes payable.

Note 14 – Loans Payable

Loans Payable to Non-Related Party

Loans payable to non-related parties consist of
the following:

|                                                                       |     |     | December 31, 
         2024 |     |     | December 31, 
         2023 |
|:----------------------------------------------------------------------|:----|:----|-------------:|:----|:----|-------------:|
|                                                                       |     | EUR |              |     | EUR |              |
| Unsecured – at amortized cost:                                        |     |     |              |     |     |              |
| Unsecured – at amortized cost: (2022: interest rate: 0.75% per annum) |     |     |      221,963 |     |     |      325,202 |
| Analyzed between:                                                     |     |     |              |     |     |              |
| Current portion – due within 1 year                                   |     |     |       81,297 |     |     |       99,125 |
| Non-current portion – due within 2 to 5 years                         |     |     |      140,666 |     |     |      226,077 |
|                                                                       |     |     |      221,963 |     |     |      325,266 |

The loans were drawn in 2021 and 2023 from an
independent third party. The weighted average annualized interest rate is % per annum. The weighted average loan term is years.
This balance includes a loan extended to companies during Covid to allow UYBA and Brera Milano to continue operations while the public
could not attend events.

Loans Payable to Related Parties

Director Loans

In April 2023, we received an interest-free loan
from Goran Pandev, one of our directors, in the amount of EUR, which was to be repaid within one year and, accordingly, the loan
was classified as a current liability on our Consolidated Statement of Financial Position at December 31, 2023. In November 2024, the
loan was revised to be repaid no later than three years from its date of issuance. As such, as of December 31, 2024, we have classified
the loan as a non-current liability on our Consolidated Statement of Financial Position as of December 31, 2024. The amount of imputed
interest is immaterial.