Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 201

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 201
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’s inventory primarily consisted of vehicles as follows:

|                                     |     | As of December 31, |           |     |      |         |
|                                     |     |               2023 |           |     | 2022 |         |
| Work in progress                    |     |                    |        32 |     |      |   1,387 |
| Finished goods and goods for resale |     |                    | 1,070,897 |     |      | 664,789 |
| Provision for impairment            |     |                    |  -143,243 |     |      | -36,022 |
| Total                               |     |                  $ |   927,686 |     |    $ | 630,154 |

Inventory costs recognized during the years ended December 31, 2023, 2022 and 2021 amounted to $ 2,183,847, $ 2,174,192and $ 1,226,746, respectively, and were included in Cost of sales in the Consolidated Statement of Loss and Comprehensive Loss.

As of December 31, 2023, 2022, and 2021 write-downs of Inventories to net realizable value amounted to $ 146,550, $ 14,830and $ 30,782respectively. The write down was recognized as an expense during the years ended December 31, 2023, 2022, and 2021 and was included in Cost of sales in the Consolidated Statement of Loss and Comprehensive Loss.

Inventories can be pledged as security for liabilities. Refer to Note 25 - Liabilities to credit institutions for further details.

Note 21 - Other current assets

Other current assets for the Group were as follows:

|                                     |     | As of December 31, |         |     |           |         |
|                                     |     |               2023 |         |     |      2022 |         |
|                                     |     |          -Restated |         |     | -Restated |         |
| Value added tax receivables         |     |                    | 121,306 |     |           |  62,970 |
| Prepaid expenses and accrued income |     |                    |  35,856 |     |           |  31,444 |
| Advances to suppliers               |     |                    |  16,452 |     |           |   3,337 |
| Other current assets                |     |