Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 401

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 401
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 ( 3,459)           ( 180)      ( 44,040)  
  Unwinding of discount and effect in changes due to discount rate           3,075                      —      —                       —          3,075  
  Calculated translational difference                                     ( 9,233)               ( 1,210)      —                  ( 234)      ( 10,677)  
  Balance as of December 31, 2024                                                $              128,591 $      $                27,135 $              $  
  of which current                                                          36,640                    902      27,135              8,092         72,769  
  of which non-current                                                      91,951                      —      —                   2,806         94,757  

Litigation

Per the terms of the BCA governing the merger with GGI discussed inNote 1 - Overview and basis of preparation, Polestar is obligated to indemnify directors, officers, and employees of GGI for six years following the Closing of the merger. In August 2023, former public stakeholders of GGI filed a legal claim against certain directors, officers, and employees of GGI; alleging certain misconduct by these individuals with respect to their duties to GGI's stakeholders during and prior to GGI's merger with Polestar. As of December 31, 2024 and 2023, Polestar maintains a provision for $ 27,135 35,676 10,000 5,000 8,886 10,000

Note 24 - Other current and non-current liabilities

Other current liabilities for the Group were as follows:

                                                     As of December 31,               
                                                                   2024         2023  
 ──────────────────────────────────────────────────────────────────────────────────────
  Accrued expenses                                              283,212      125,384  
  VAT liabilities                                               115,501       88,520  
  Liabilities related to repurchase commitments                 106,401       58,482  

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  Refund liabilities                                    100,844       48,132  
  Liabilities related to assets under construction       62,896      111,120  
  Personnel related liabilities                          31,757       37,518  
  Accrued interest                                       18,644       10,090  
  Other liabilities                                      21,322       10,