Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 171

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 171
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 revenue from related parties.

Refund liabilities

For the years ended December 31, 2023, 2022, and 2021, the Group reduced revenue by $ 119,832, $ 54,909, and $ 49,683for amounts related to variable consideration due to customers or service providers incentivizing contracts with customers, primarily in the form of volume related bonuses or discounts, residual value guarantees, and interest rate subvention schemes. Accruals related to refund liabilities are presented in other current and non-current liabilities. Refer to Note 24 – Other current and non-current liabilities.

Contract liabilities

|                                                      |     | Deferred revenue - extended service |         |     | Deferred revenue - connected services |        |     | Deferred revenue - operating leases & other |         |     | Total |         |
| Balance as of January 1, 2022                        |     |                                     |  21,830 |     |                                       | 17,120 |     |                                             |  16,693 |     |       |  55,643 |
| Provided for during the year                         |     |                                     |  31,580 |     |                                       | 16,058 |     |                                             |  18,902 |     |       |  66,540 |
| Settled during the year                              |     |                                     |       — |     |                                       |      — |     |                                             |       — |     |       |       — |
| Released during the year                             |     |                                     | -12,807 |     |                                       | -2,889 |     |                                             | -22,512 |     |       | -38,208 |
| Effect of foreign currency exchange rate differences |     |                                     |    -747 |     |                                       | -1,778 |     |                                             |     -48 |     |       |  -2,573 |
| Balance as of December 31, 2022                      |     | $                                   |  39,856 |     | $                                     | 28,511 |     | $                                           |  13,035 |     | $     |  81,402 |
| of which current                                     |     |                                     |  18,043 |     |                                       |  4,083 |     |                                             |  10,258 |     |       |  32,384 |
| of which non-current                                 |     |                                     |  21,813 |     |