Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 405

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 405
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4,387)       ( 56,106)  
  Adjustment for revised cash flow estimate           —              —              ( 2,478)        ( 2,478)  
  Loss on debt modification                           —              2,761          —                  2,761  
  Changes from effects of fair value measurement      —              —              —             ( 129,124)  
  Balance as of December 31, 2024                     $              $              $                      $  
  of which outstanding principal                      3,439,629      1,257,637      179,853        4,877,119  
  of which accrued interest                           18,643         42,770         369               61,782  

1 - Other financial liabilities includes the imputed interest expense related to the PS3 Tooling and Equipment financing instrument. The full amount of all repayments of the PS3 Tooling and Equipment financing instrument are presented as 'Repayments of borrowings'.

Note 27 - Related party transactions

Related parties are as follows:

• A person, or a close family member of such person, that has control, joint control or significant influence over a Polestar entity. Due to the Group's ownership structure, Li Shufu is the person who effectively controls the Group and its entities;

• A person who is a member of the key management of the Group, or a close family member of such person. Key management of the Group includes EMT consisting of the Chief Executive Officer (“ CEO”) and the Chief Financial Officer (“ CFO”) and Managing Directors;

• A legal entity, controlled by a person mentioned in either of the previous two bullets, that can exercise significant influence over the Group;

• A legal entity that is a parent company, subsidiary, joint venture, associate or other company where Li Shufu owns 10% or greater interest in the voting power of the company; or

• A legal entity whose key management personnel provide services to an entity within the Group.

Prior to the merger with GGI, Polestar Group existed as a joint venture between Geely and Volvo Cars. Geely is primarily owned and operated by Li Shufu. Geely, through a combination of wholly owned and partially owned entities, owns a controlling number of equity interests in Volvo Cars. Therefore, Li Shufu, as a controlling equity interest holder in Geely, effectively controls Geely and Volvo Cars. All transactions with Geely and Volvo Cars are related party transactions.

Unless specifically detailed