Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 65

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 65
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 no impairment losses were required
to be recognized for the fiscal years 2024 and 2023.

The asset’s useful lives are reviewed, and
adjusted if appropriate, at the end of each reporting period.

Note 9 – Financial Assets at Fair Value through Profit or Loss

Financial assets mandatorily measured at fair
value through profit or loss include the following:

|                               |     | December 31, 
 2024         |   |     | December 31, 
 2023         |         |
|:------------------------------|:----|:-------------|:--|:----|:-------------|--------:|
|                               |     | EUR          |   |     | EUR          |         |
| Current assets                |     |              |   |     |              |         |
| U.S. listed equity securities |     |              | - |     |              | 106,299 |
| Treasury bond                 |     |              | - |     |              | 320,021 |
|                               |     |              | - |     |              | 426,320 |

F-32

During the periods presented below, the following
gains (losses) were recognized in profit or loss:

|                                                                                      |     | December 31, 
 2024         |   |     | December 31, 
 2023         |       |
|:-------------------------------------------------------------------------------------|:----|:-------------|:--|:----|:-------------|------:|
|                                                                                      |     | EUR          |   |     | EUR          |       |
| Fair value gains (losses) on equity investments recognized in other income (expense) |     |              | - |     |              | 9,436 |

Note 10 – Loan Receivable

During the year, the Company issued short-term
loans primarily for operational purposes. The nature and terms of these loans are outlined below:

Business Purpose: The loans were extended to employees,
consultants, and affiliated entities to support short-term operational needs, including funding payroll, fee advances, and other working
capital requirements. All operational loans were issued in the ordinary course of business to maintain uninterrupted operations.

Terms: The loans were unsecured, short-term, non-interest-bearing,
and repayable on demand.

All loans were fully settled by December 31, 2024,
with the exception of those issued to Brera Ilch NGO and Sport For Life, which remained outstanding as of the reporting date.

The loan receivable amounts consist