Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 86

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 86
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 |    32,288 |   |
| At December 31, 2024            |     |         |  298,517 |   |     |               |       - |   |     |             |  640,506 |   |     |       |   939,023 |   |

F-49

Note 28 – Contingent Consideration

|                                        |     |     | December 31, 2024 |     |     | December 31, 
         2023 |
|:---------------------------------------|:----|:----|------------------:|:----|:----|-------------:|
|                                        |     | EUR |                   |     | EUR |              |
| Fair value of contingent consideration |     |     |           120,000 |     |     |      181,000 |
|                                        |     |     |           120,000 |     |     |      181,000 |

During the year ended December 31, 2024, the fair
value of contingent consideration was reassessed based on a refinement of prior assumptions and updated contractual interpretation. The
amount recorded as of December 31, 2023 EUR included general net income projections which, upon further review, were determined
not to be aligned with the specific terms of the share purchase agreement. Accordingly, this resulted in a correction of a prior period
estimate, and the opening balance was adjusted to reflect only those performance metrics explicitly referenced in the agreement -namely,
UEFA prize money and player transfer fees.

Further, the fair value of contingent consideration
was remeasured to EUR of December 31, 2024.

Note 29 – Commitments and Contingencies

As of December 31, 2024, the Company is not aware
of any material commitments or contingent liabilities that require disclosure under IAS 37.

Note 30 – Changes in Presentation and Additional Disclosures

During the year ended December 31, 2024, the Company
made certain changes in the presentation of its consolidated financial statements to improve transparency and to provide more relevant
information to users of the financial statements. These changes are considered reclassifications and do not impact previously reported
net income or total equity. The key changes include:

| 1. | Gross Margin Presentation |

For the first time, the Company has
presented gross profit as a separate line item in the consolidated statement of profit or loss. In prior years, only total revenue and
total expenses were