Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 52

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 52
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 – we occasionally entered into transfer agreements, commercial partner agreements and other contracts. A transfer is a business transaction between two clubs which sees a player move from one club to the other. If a player is under contract, the club wishing to secure his or her services are usually expected to pay compensation - otherwise known as a transfer fee. |

The Company has elected to apply the practical
expedient provided in IFRS 15, to recognize revenue in the amount to which it has the right to invoice and has not disclosed the aggregate
amount of the transaction price allocated to the performance obligations that are unsatisfied (or partially unsatisfied) as of the end
of the reporting period.

F-22

Interest Income

Interest income is accrued on a time basis, by
reference to the principal outstanding and at the effective interest rate applicable.

Leases

A lease conveys the right to control the use of
an identified asset for a period of time in exchange for consideration.

The Company accounts for leases under the guidance
of IFRS 16. For leases entered into or modified on or after the date of initial application of IFRS 16 or arising from business combinations,
the Company assesses whether a contract is or contains a lease based on the definition under IFRS 16 at inception, modification date or
acquisition date, as appropriate. Such contract will not be reassessed unless the terms and conditions of the contract are subsequently
changed.

Short-Term Leases and Leases of Low-Value Assets

The Company applies the short-term lease recognition
exemption to leases of motor vehicles that have a lease term of 12 months or less from the commencement date and do not contain a purchase
option. It also applies the recognition exemption for lease of low-value assets. Lease payments on short-term leases and leases of low-value
assets are recognized as expense on a straight-line basis or another systematic basis over the lease term.

Lease Liabilities

At the commencement date of a lease, the Company
recognizes and measures the lease liability at the present value of lease payments that are unpaid at that date. In calculating the present
value of lease payments, the Company uses the incremental borrowing rate at the lease commencement date if the interest rate implicit
in the lease is not readily determinable.

The lease payments include:

| ● | fixed payments (including in-substance fixed payments) less any lease incentives receivable; |

| ● | variable lease payments that depend on an index or a rate, initially measured using the