Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 39

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 39
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                              |   496,714 |
| Loan payable                                           |     |                              |   217,220 |
| Contingent consideration                               |     |                              |   120,000 |
| December 31, 2023                                      |     |                              |           |
| Non-current assets                                     |     |                              |           |
| Financial assets at fair value through profit and loss |     |                              |   426,320 |
| Non-current liabilities                                |     |                              |           |
| Trade and other payables                               |     |                              |       763 |
| Lease liabilities                                      |     |                              |   601,000 |
| Loan payable                                           |     |                              |   226,077 |
| Contingent consideration                               |     |                              |   181,000 |

F-14

Financial Risk Factors

Our Company is exposed in varying degrees to a
variety of financial instrument-related risks. The main types of risks are credit risk, liquidity risk and market risk. These risks arise
from the normal course of operations and all transactions are undertaken as a going concern. The type of risk exposure and the way in
which such exposure is managed is as follows:

Credit Risk

Credit risk refers to the risk that a counterparty
will default on its contractual obligations resulting in financial loss to the Company. The Company’s credit risk is primarily attributable
to its cash and cash equivalents and trade receivables and other receivables.

As of December 31, 2024, one customer accounted
for more than 10% of the Company’s trade and other receivables and as of December 31, 2023, one customer accounted for % of the
Company’s trade receivables. In order to minimize credit risk, the management of the Company has delegated a team responsible for
determination of credit limits and credit approvals.

Cash and cash equivalents are placed with credit-worthy
financial institutions with high credit ratings assigned by international credit-rating agencies and therefore credit risk is limited.
The Company has adopted procedures for extending credit terms to customers and monitoring its credit risk. Credit evaluations are performed
on customers requiring credit over a certain amount. Before accepting any new customer, the Company carries out research on the credit
risk of the new customer and assesses the potential customer’s credit quality and defines credit limits by customer. Limits attributed
to customers are reviewed when necessary.

Financial instruments, which potentially subject
the Company to concentration of credit risk, consist primarily of cash deposits and accounts receivable