Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 55

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 55
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 that would follow from the manner in which the Company expects, at the end of the reporting period,
to recover or settle the carrying amount of its assets and liabilities.

Deferred tax assets and liabilities are offset
when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income
taxes levied to the same taxable entity by the same taxation authority.

Current and deferred tax are recognized in profit
or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case, the
current and deferred tax are also recognized in other comprehensive income or directly in equity respectively. Where current tax or deferred
tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the business combination.

Trade Receivables

Trade receivables are recognized initially at
the amount of consideration that is unconditional, unless they contain significant financing components when they are recognized at fair
value. They are subsequently measured at amortized cost using the effective interest method, less loss allowance. For trade receivables,
the Company applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognized from initial
recognition of the receivables. See Note 11 for further information about the Company’s accounting for trade receivables.

Trade And Other Payables

These amounts represent liabilities for goods
and services provided to the Company prior to the end of the financial period which are unpaid. Trade and other payables are presented
as current liabilities unless payment is not due within 12 months after the reporting period. They are recognized initially at their fair
value and subsequently measured at amortized cost using the effective interest method.

Intangible Assets

Goodwill

Goodwill is monitored by management at the level
of each operating segment. The fair values of net tangible assets and intangible assets acquired are based upon preliminary valuations
and the Company’s estimates and assumptions are subject to change within the measurement period (potentially up to one year from
the acquisition date). Goodwill is measured as described in the Business Combinations section above. Gains and losses on the disposal
of an entity include the carrying amount of goodwill relating to the entity sold.

Intangible Assets

Player contracts, broadcasting rights, brands,
and customer relationships were acquired as part of a business combination.

| Player contracts       |     | 2 years (FKAP) & 1 year (UYBA) |
| Brands                 |