Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 398

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 398
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 minimis amount of receivables.

Further information on credit risks for trade receivables is included inNote 3 - Financial risk management.

Note 20 - Inventories

The Group’s inventory primarily consisted of vehicles as follows:

                                           As of December 31,                  
                                           2024                          2023  
 ───────────────────────────────────────────────────────────────────────────────
  Work in progress                         —                               32  
  Finished goods and goods for resale      1,191,047                1,070,897  
  Provision for impairment                 ( 111,686)              ( 143,243)  
  Total                                    $                                $  

Inventory costs recognized during the years ended December 31, 2024, 2023 and 2022 amounted to $ 2,112,317 2,183,847 2,174,192

For the years ended December 31, 2024, 2023, and 2022, write-downs of inventories to net realizable value amounted to $ 89,744 146,550 14,830

The write-downs of inventories to net realizable value include significant judgement for the estimated market price (i. e., selling price of inventories less estimated costs of completion and estimated costs necessary to make the sales). Changing estimated market price could result in an increase or decrease to the write-downs recognized. For the year ended December 31, 2024, a 1% increase or decrease in estimated market price would result in a decrease of $ 5,022 5,350

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3% increase or decrease in estimated market price would result in a decrease of $ 14,379 16,999

Inventories can be pledged as security for liabilities. Refer toNote 25 - Liabilities to credit institutions for further details.

Note 21 - Other current assets

Other current assets for the Group were as follows:

                                   As of December 31,               
                                                 2024         2023  
 ────────────────────────────────────────────────────────────────────
  Value added tax receivables                 148,405      121,306  
  Prepaid expenses                             40,800       35,856  
  Other current receivables                    32,417       30,614  
  Insurance recovery assets                     8,886       10,000  
  Advances to suppliers                         8,399