Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 81

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 81
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 Revenue is recognized over
time as performance obligations are satisfied. This includes exposure of sponsor brands through jerseys, event placements, promotional
spots, and other agreed deliverables.

Performance Obligations: A single performance
obligation is identified as the services are interdependent and delivered as a cohesive package throughout the contractual period.

Measurement: Progress is measured based
on milestones such as matches played or events conducted, which directly link to the sponsor’s benefits.

Segment 2: Ticketing and Related Activities

Revenue Streams: Event ticket sales, renting
the arena for non-volleyball events, merchandise sales (store) and youth training programs.

F-41

Recognition:

Ticket Sales: Revenue recognized at a point
in time when the event occurs.

Arena Rentals: Revenue recognized over
the rental period.

Merchandise Sales: Recognized at the point
of sale when control transfers to the customer.

Youth Training: Recognized over the training
program period.

Measurement: Transaction price is allocated
based on observable stand-alone selling prices.

Segment 3: Player Transfers

Revenue Stream: Revenue from transferring players to other clubs.

Recognition: Revenue recognized at the point in time when control
of the player’s registration rights is transferred.

Measurement: Based on the agreed transaction price in the transfer
agreement.

Segment 4: Others

Revenue Streams: Consulting services, one-off events, and miscellaneous
activities.

Recognition: Revenue is recognized either at a point in time
or over time depending on the nature of the services provided.

Performance Obligations: These are identified based on the distinct
services provided under each contract.

Our management reporting framework, including the assumptions and methodologies
applied, is regularly reviewed to ensure their continued validity and relevance. The capital attribution methodologies rely on several
key assumptions, which are periodically reassessed and updated as needed.

For the years ended December 31, 2024, 2023 and 2022, the Company’s
revenue, expenses, net segment profit or loss, and assets and liabilities came from the following segments:

Year Ended December 31, 2024 (Net Segment Profit or Loss) – in EUR

| Segments                                        |     | Total   
 Revenue |           |     | Total    
 Expenses |            |   |     | Operating     
 Profit/(Loss) |            |   |     | Other Income 
 (Expenses)   |         |     | Provision for 
 Income Taxes  |        |     | Segment       
 Profit/(Loss) |            |