Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 87

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 87
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 presented without a gross margin breakdown.

| 2. | Disaggregation of Other Income/Expenses |

The “Other income” line
item has been further disaggregated to include categories such as:

| o | Income from grants and donations |

| o | Change in fair value of contingent consideration |

| o | Finance costs by related and non-related parties |

This breakdown provides more detailed
insight into non-operating activities.

F-50

| 3. | Related Party Presentation |

Certain related party accounts have
been separated from non-related party accounts in both the consolidated statement of financial position and the statement of profit or
loss, including:

| o | Trade and other receivables/payables |

| o | Loan receivables/payables |

| o | General and administrative expenses |

| o | Net fair value gains and losses on financial assets |

| 4. | Segment Reporting |

Segment reporting disclosures under
IFRS 8 were included for the first time in the December 31, 2024 financial statements. Based on management representation, and consistent
with our understanding during the 2023 audit, the Chief Operating Decision Maker (CODM) did not evaluate the Company’s performance
based on segmented information during 2023. Therefore, segment disclosures were not presented in the prior year and are newly presented
in the current year based on operational changes.

The segment disclosures presented for the years ended December
31, 2023 and 2022 were not audited by the predecessor auditor, the current (successor) auditor has performed procedures on the segment
information.

Management believes these presentation changes enhance comparability
and provide more meaningful information for investors and stakeholders. For clarity, no amounts previously reported for the year ended
December 31, 2023 have been changed. Comparative figures have only been reclassified where applicable to align with the current year’s
presentation format, and these changes had no impact on net loss, total assets, total liabilities, or shareholders' equity previously
reported.

Note 31 – Subsequent Events As discussed in Note 4, on December 9, 2024, the Company announced that it had agreed to acquire a majority ownership interest in Juve Stabia, through share capital and reserve increases in the Club. On January 10, 2025, the Company entered into a restated sale and purchase and investment agreement (the “Restated Agreement”) with XX Settembre relating to the acquisition of Juve Stabia, which amended the sale and