Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 57

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 57
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 for managing those assets changes.

Recognition and Derecognition

Purchases and sales of financial assets are recognized
on trade date, being the date on which the Company commits to purchase or sell the asset. Financial assets are derecognized when the rights
to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially all
the risks and rewards of ownership.

Measurement

At initial recognition, the Company measures a
financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that
are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through
profit or loss are expensed in profit or loss. Financial assets with embedded derivatives are considered in their entirety when determining
whether their cash flows are solely payment of principal and interest.

Debt Instruments

The classification of debt instruments is driven
by the Company’s business model for managing the financial assets and their contractual cash flow characteristics. There are three
measurement categories into which the Company classifies its debt instruments:

Amortized cost: Assets that are held for collection
of contractual cash flows, where those cash flows represent solely payments of principal and interest, are measured at amortized cost.
Interest income from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising
on derecognition is recognized directly in profit or loss and presented in other gains/(losses) together with foreign exchange gains and
losses. Impairment losses are presented as separate line item in the statement of profit or loss.

F-26 Equity Investments The Company measures all equity investments at fair value. Where the Company’s management has elected to present fair value gains and losses on equity investments in other comprehensive income, there is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment. Dividends from such investments continue to be recognized in profit or loss as other income when the Company’s right to receive payments is established. Changes in the fair value of financial assets at fair value through profit or loss are recognized in other gains/(losses) in the statement of profit or loss as applicable. Impairment losses (and reversal of impairment losses) on equity investments measured at fair value through other comprehensive income are not reported separately from other changes in fair value. Impairment The Company assesses on a forward-looking basis the expected credit losses associated with its financial instruments carried at