Ownership / Brera Holdings PLC Class B Ordinary Shares | Tables in SEC filings

BREA Brera Holdings PLC Class B Ordinary Shares

Annual report (foreign)

Consolidated Statements of Cash Flows for the Years Ended December 31, 2023, 2022 and 2021

	For the year ended December 31, 2023		For the year ended December 31, 2022		For the year ended December 31, 2021
	EUR		EUR		EUR

Profit (loss) after tax		(4,911,665)		(1,226,855)		(87,056)

Adjustments for:
Depreciation on plant and equipment		246,527		4,019		4,455
Depreciation on right-of-use assets		50,857		92,293		64,426
Gain on modification of lease, net		-		(451)		-
Change in provisions		(11,343)		(11,000)		-
Change in warrant liabilities		198,324		-		-
Change in warrant expense		(163,941)		-		-
Share based expenses		109,828
Stock option expense		170,317		-		-
Change in contingent consideration		39,000		-		-
Bad debt written off / recovered		-		5,261		-
Interest expense		-		4,946		2,421

Operating (loss) profit before working capital changes		(4,272,096)		(1,131,787)		(15,754)

Change in deferred tax assets		262,684		(262,684)		-
Change in trade and other receivables		(229,996)		82,505		(38,250)
Change in deposits and prepayments		231,749		(109,577)		(69,194)
Change in deferred revenue		221,761		194,877		29,371
Change in loan receivable		(19,514)		-		-
Change in trade and other payables		1,386,888		310,054		126,893

Cash (used in) generated from operations		(2,418,524)		(916,612)		33,066
Tax paid		-		(824)		(6,217)
Net cash (used in) generated from operating activities		(2,418,524)		(917,436)		26,849

Investing activity
Purchase of plant and equipment		(199,947)		(1,209)		(16,353)
Purchase of intangible assets		(4,000)		-		-
Financial assets at fair value through profit and loss		(426,320)		-		-
Acquisition of a subsidiary		(1,379,518)		(25,000)		-
Cash used in an investing activity		(2,009,785)		(26,209)		(16,353)

Financing activities
Loan from a shareholder		-		-		20,000
Repayment of loan from a shareholder		-		(20,000)		-
Proceeds from shares issuance for cash		6,777,120		1,346,607		-
Repayment of lease liabilities		(347,126)		(82,516)		(54,762)
Interest portion of lease liabilities		(13,596)		(3,680)		(2,234)
Interest paid on long term borrowing		-		(183)		(187)
Contributions		-		-		272
New long-term borrowing raised		-		-		-
Partial repayment of long-term borrowing		(51,429)		(3,084)		-
Net cash generated from (used in) financing activities		6,364,969		1,237,144		(36,911)

Net increase (decrease) in cash and cash equivalents		1,936,661		293,499		(26,415)
Cash and cash equivalents at beginning of the year		347,229		26,957		53,372
Cash paid for acquisitions less cash acquired		(30,491)		-		-
Effect of foreign exchange rate changes		40,119		26,773		-

Cash and cash equivalents at end of the year		2,293,518		347,229		26,957

Non-cash financing activities

Right-of-use assets obtained in exchange for lease liabilities		660,495		22,752		425,250
Change in lease liabilities for modification of lease		-		5,933		-

Shareholder	Class A Ordinary Shares		Class B Ordinary Shares		Aggregate Purchase Price Paid
Daniel Joseph McClory, Executive Chairman and Director		2,500,000		-	$	12,500
Niteroi Spa(1)		2,500,000		-	$	12,500
Alessandro Aleotti, former Chief Strategy Officer and Director		2,500,000		-	$	12,500
Leonardo Aleotti(2)		250,000		-	$	1,250
Marco Sala, former Director		350,000		-	$	1,750
KAP Global Holding Limited(3)		-		100,000	$	500

	Ordinary Shares Beneficially Owned(1)
Name of Beneficial Owner	Class A Ordinary Shares			Percent of Class A Ordinary Shares (%)		Class B Ordinary Shares			Percent of Class B Ordinary Shares (%)		Total Voting Power(2) (%)
Pierre Galoppi, Chief Executive Officer, Interim Chief Financial Officer and Director		-			-		65,000			1.0		*
Daniel Joseph McClory, Executive Chairman and Director		5,850,000	(3)		95.9		1,000,000	(4)		15.1		88.0
Abhi Mathews, Chief Information Officer and Director		-			-		40,000	(5)		*		*
Federico Pisanty, Head of International Business Development and Director		-			-		35,050			*		*
Giuseppe Pirola, Head of Volleyball Operations and Director		-			-		35,000			*		*
Goran Pandev, Head of Football Operations Balkan Region and Director		-			-		76,666	(6)		1.2		*
Dicey Perrine, Head of US Operations		-			-		300,000			4.5		*
Alberto Libanori, Director		-			-		66,666	(7)		1.0		*
Christopher Paul Gardner, Director		-			-		266,666	(8)		4.0		*
Pietro Bersani, Director		-			-		66,666	(9)		1.0		*
All directors and executive officers as a group (10 persons)		5,850,000			95.9		1,951,714			29.2		89.3
BREA Holdings, LLC(10)		3,550,000			58.2		1,000,000			15.1		54.1
Pinehurst Partners LLC(11)		2,250,000			36.9		-			-		33.3

	Other		Customer Relationships		Broadcasting Rights/Sports Titles/Stadium Lease		Brand		Player Contracts		Goodwill		Total
	EUR		EUR		EUR		EUR		EUR		EUR		EUR
Cost:
At December 31, 2022		-		-		-		-		-		-		-
Additions		554,000		415,000		75,000		2,225,000		415,000		592,491		4,276,491
Disposals		-		-		-		-		-		-		-
At December 31, 2023		554,000		415,000		75,000		2,225,000		415,000		592,491		4,276,491

Accumulated amortization:
At December 31, 2022		-		-		-		-		-		-		-
Amortization on disposal		-		-		-		-		-		-		-
Amortization for the year		2,865		47,361		10,151		-		162,736		-		223,113
At December 31, 2023		2,865		47,361		10,151		-		162,736		-		223,113

Net carrying amount:
At December 31, 2022		-		-		-		-		-		-		-
At December 31, 2023		551,135		367,639		64,849		2,225,000		252,264		592,491		4,053,378

	December 31, 2023		December 31, 2022
	EUR		EUR
Trade receivables – outside parties		553,750		31,660
Trade receivables – related parties		11,433		-
Other receivables – outside parties		-		592
Other receivables – related parties		-		4,409
		565,183		36,661

Table search / Ownership / Brera Holdings PLC Class B Ordinary Shares

46 results

Top filers

Top filing types

Recent filing years