Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 169

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 169
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 reduce the cost of capital are Polestar Group’s primary objectives when managing capital and implementing related capital management strategies. As a Company which is quickly scaling, Polestar's treasury department regularly evaluates the cash needs of the Company and enters into debt arrangements with banks in Europe and China. To maintain or adjust the capital structure, the Group may issue new shares, sell assets to reduce debt, or enter into short term debt and financing arrangements to increase cash on hand, with an ultimate goal of striking a balance between capital generated through debt versus equity. Polestar's capital is summarized as follows:

|                                                                  |     | For the year ended December 31, |      2023 |     |           |      2022 |
|:-----------------------------------------------------------------|:----|:--------------------------------|----------:|:----|:----------|----------:|
|                                                                  |     | -Restated                       |           |     | -Restated |           |
| Share capital and Other contributed capital                      |     |                                 | 3,636,355 |     |           | 3,605,397 |
| Liabilities to credit institutions                               |     |                                 | 2,026,665 |     |           | 1,327,102 |
| Other non-current interest-bearing liabilities - related parties |     |                                 | 1,413,257 |     |           |    43,643 |
| Interest-bearing current liabilities - related parties           |     |                                 |    73,814 |     |           |    27,061 |
| Total capital                                                    |     | $                               | 7,150,091 |     | $         | 5,003,203 |

As of December 31, 2023, Polestar's main sources of debt are working capital loans which are entered into with credit institutions and long-term related party loans. These obligations are reflected within Liabilities to credit institutions and other non-current and current interest-bearing liabilities - related parties on the Consolidated Statement of Financial Position, respectively, with a weighted average cost of capital of 6.41% and 10.39%, respectively.

Note 4 - Revenue

<div align='center'>F-31</div>

Polestar Group disaggregates Revenue by major category based on the primary economic factors that may impact the nature, amount, timing, and uncertainty of Revenue and cash flows from these customer contracts as seen in the table below:

|                                                   |     | For the year ended December 31, |      2023 |     |