Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 188

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 188
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,772 |
| Carrying amount as of December 31, 2023 - (Restated)  |     | $ |   | 291,661 | $ |   |  9,832 | $ |         | 1,066,766 | $ |         | 1,368,259 |

1 - Of $ 346,433in additions for the year ended December 31, 2023, $ 217,861has been settled in cash. These $ 217,861are included in the $ 435,584cash used for investing activities related to additions to intangible assets, and the remaining $ 217,723relates to decreases in Trade payables - related parties from prior years which were settled in cash during the year ended December 31, 2023. Of $ 305,995in additions for the year ended December 31, 2022, $ 237,778was settled in cash and included in cash used for investing activities related to additions to intangible assets.

2 - For the year ended December 31, 2023, Polestar 2 CGU was assessed for impairment, and impairment losses amounting to $ 249,363were recognized related to Intellectual property, where 100% of the amount was recognized within Cost of sales.

For the year ended December 31, 2023, additions to internally developed IP are primarily related to the Polestar 5 and various other internal programs, such as model year changes. Additions of acquired IP during the year ended December 31, 2023 were related to acquisitions of the Polestar 2 and Polestar 3 IP from Volvo Cars and the acquisition of IP related to the Polestar 4 from Geely. Refer to Note 27 - Related party transactions for further details.

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

| Balance as of January 1, 2022                        
 Effect of foreign currency exchange rate differences |     | Goodwill |     |  53,282 
 (6,822) | Trademarks |     | 2,647 
 (340) | Total |     |  55,929 
 (7,162) |
|:-----------------------------------------------------|:----|:---------|:----|--------:|:-----------|:----|------:|:------|:----|--------:|
| Balance as of December 31, 2022                      |     | $        |     |  46,460