Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 43

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 43
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 subsequent
accumulated impairment losses, if any.

Costs include any costs directly attributable
to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management and,
for qualifying assets, borrowing costs capitalized in accordance with the Company’s accounting policy. Depreciation of these assets,
on the same basis as other property assets, commences when the assets are ready for their intended use.

Depreciation is recognized to allocate the cost
of assets less their residual values over their estimated useful lives, using the straight-line method. The estimated useful lives, residual
values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted
for on a prospective basis.

An item of property, plant and equipment is derecognized
upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising
on the disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds and
the carrying amount of the asset and is recognized in profit or loss.

Depreciation is charged to allocate the cost of
assets, over their estimated useful lives, using the straight-line method, on the following bases:

|                               |     | Years |    |
| Leasehold improvements        |     |       |  5 |
| Furniture and fixtures        |     |       |  5 |
| Office equipment and software |     |       |  5 |
| Motor vehicles                |     |       | 10 |
| Building                      |     |       | 20 |
| Other                         |     |       |  5 |

Impairment on Property, Plant and Equipment and Right-of-Use Assets

At the end of the reporting period, the Company
reviews the carrying amounts of its property, plant and equipment and right-of-use assets to determine whether there is any indication
that these assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the relevant asset is estimated
in order to determine the extent of the impairment loss (if any).

The recoverable amount of property, plant and
equipment and right-of-use assets are estimated individually. When it is not possible to estimate the recoverable amount individually,
the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

In testing a cash-generating unit for impairment,
corporate assets are allocated to the relevant cash-generating unit