Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 404

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 404
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 with the option to renew as mutually determined by Polestar Group and the financial service provider. The facilities are partially secured by the underlying assets on a market-by-market basis. As of December 31, 2024 and December 31, 2023, the aggregate amount outstanding under these arrangements was $ 144,446 120,840

The Group maintains one such facility with the related party Volvo Cars Financial Services UK that is presented separately in interest-bearing current liabilities - related parties within the Consolidated Statement of Financial Position. Of the amounts above, the aggregate amount outstanding as of December 31, 2024 and December 31, 2023 due to related parties amounted to $ 54,975 44,877Note 27 - Related party transactions for further details.

Sale-leaseback facilities

Polestar has also entered into contracts to sell vehicles and then lease such vehicles back for a period of up to twelve months. At the end of the leaseback period, Polestar is obligated to repurchase the vehicles. Accordingly, the consideration received for these transactions was recorded as a financing transaction. As of December 31, 2024 and December 31, 2023, the aggregate amount outstanding under these arrangements was $ 8,160 26,947

Note 26 - Supplemental cash flow information

The Group's non-cash investing and financing activities were as follows:

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                                                                                                                 For the year ended December 31,                              
  Non-cash investing and financing activities                                                                                               2024         2023           2022  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Purchases of property, plant and equipment in trade payables                                                                           114,486       96,011         79,623  
  Purchases of intangible assets in trade payables - related parties and accrued expenses - related parties                              140,007      129,019         74,781  
  Initial recognition of ROU assets and lease liabilities                                                                                 70,078       54,569         43,514  
  Initial recognition of investment in associates                                                                                          9,608       29,400              —  
  Prepaid assets and warrant liabilities assumed upon closing of the merger with GGI                                                           —            —         57,040  
  Issuance of Earn-out rights upon closing of the merger with GGI                                                                              —            —