Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 389

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 389
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49,592)                         ( 51,173)                    
  Impairment loss 2                                         ( 313,868)                                   ( 1,029)      ( 161,963)                       ( 476,860)                    
  Effect of foreign currency exchange differences           1,750                                        252           41,521                               43,523                    
  Balance as of December 31, 2024                           $                            ( 332,488)      $             $                ( 946,065)               $      ( 1,282,933)  
  Carrying amount as of December 31, 2023                   $                               291,661      $             $                 1,066,766               $         1,368,259  
  Carrying amount as of December 31, 2024                   $                               122,541      $             $                   865,055               $           994,881  

1 - Of $ 297,380 157,373 157,373 209,101 51,728 346,433 217,861

2 - For the year ended December 31, 2024, Polestar 3, Polestar 5 and Polestar 6 CGU was assessed for impairment, and impairment losses amounting to $ 476,860

For the year ended December 31, 2024, additions to internally developed IP are primarily related to Polestar 5 and various other internal programs, such as model year changes. Additions of acquired IP during the year ended December 31, 2024 were primarily related to acquisitions of Polestar 3 IP from Volvo Cars and Polestar 4 IP from Geely. Polestar also acquired IP related to model years changes of the Polestar 2 from Volvo Cars. Refer toNote 27 - Related party transactions for further details.

Changes to the carrying amount of goodwill and trademarks were as follows:

                                                            Goodwill                  Trademarks                 Total                 
  Impairment loss                                           —                         —                          —                     
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance as of January 1, 2023                             46,460                    2,307                      48,767                
  Effect of foreign currency exchange rate differences      1,601                     80                         1,681                 
  Balance as of December 31, 2023                           $             48,061      $               2