Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 38

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 38
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as of December 31, 2024 and 2023, respectively.

Fair Value of Financial Instruments

Fair value is defined as the exchange price that
would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset
or liability in an orderly transaction between market participants as of the measurement date. Applicable accounting guidance provides
an established hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of
unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants
would use in valuing the asset or liability and are developed based on market data obtained from sources independent of our Company. Unobservable
inputs are inputs that reflect our Company’s assumptions about the factors that market participants would use in valuing the asset
or liability. The fair value hierarchy consists of the following three levels of inputs that may be used to measure fair value:

| Level 1 | — | Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.                                                        |
| Level 2 | — | Inputs other than quoted prices included in Level 1 that are observable in the marketplace either directly (i.e., as prices) or indirectly (i.e., derived from prices). |
| Level 3 | — | Unobservable inputs which are supported by little or no market activity.                                                                                                |

For assets and liabilities, such as cash, accounts
receivable, trade and other receivables, deposits and prepayments, loans receivable, trade and other payables, deferred revenue, lease
liabilities, lease liabilities, loans payable, and income tax payable maturing within one year from the balance sheet date, the carrying
amounts approximate fair value due to the short maturity of these instruments.

Fair value hierarchy of assets and liabilities
that are recognized and measured at fair value in the financial statements as of December 31, 2024 and 2023 are as follows (level 3 inputs
are not applicable):

|                                                        |     | Fair Value Measurement Using |           |
|                                                        |     | Level 2                      |           |
|                                                        |     | EUR                          |           |
| December 31, 2024                                      |     |                              |           |
| Non-current liabilities                                |     |                              |           |
| Trade and other payables                               |     |                              | 1,196,039 |
| Lease liabilities                                      |     |