Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 36

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 36
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 has evaluated the adverse conditions
noted above and concluded there is substantial doubt about the Company’s ability to continue as a going concern. The consolidated
financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the continuity
of operations, realization of assets and the satisfaction of liabilities in the ordinary course of business and do not include any adjustments
that would result if the Company were unable to continue as a going concern.

Historical Cost Convention

The consolidated financial statements have been
prepared in accordance with the historical cost basis, except as disclosed in the accounting policies below. Historical cost is generally
based on the fair value of the consideration given in exchange for goods and services.

Judgements and Estimates

The preparation of these consolidated financial
statements requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities
at the date of the financial statements and reported amounts of expenses during the reporting period. Actual outcomes could differ from
these estimates. The financial statements include estimates which by their nature are uncertain. The impacts of such estimates are pervasive
throughout the financial statements and may require accounting adjustments based on future occurrences. Revisions to accounting estimates
are recognized in the period in which the estimate is revised and future periods if the revision affects both current and future periods.
These estimates are based on historical experience, current and future economic conditions, and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.

| - | Measurement of the provision for doubtful accounts, for the significant assumptions used by management in estimating the expected credit loss (“ECL”) (weighted-average loss rate or default rate, current and future financial situation of debtors for individual receivables that management is aware will be difficult to collect, future general economic conditions), and for the fair value measurements of options and warrants. |

| - | Estimated useful lives, depreciation method and impairment assessment of the property, plant and equipment and rights-of-use assets and for measuring impairment of intangibles. |

| - | Assessment of the lease term of lease liabilities depending on whether the Company is reasonably certain to exercise the extension options. |

Business Combinations

The Company accounts for business combinations
using the guidance in IFRS 3, Business Combinations. The acquisition method of accounting is used to account for all business combinations,
regardless of whether equity instruments or other assets are acquired. The consideration transferred for the acquisition of a subsidiary
comprises the:

| ● | fair values of the assets transferred.