Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 397

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 397
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Volvo Cars Preference Subscription Shares

F-52

T able of Contents

At the Closing of the BCA and pursuant to the Volvo Cars Preference Subscription Agreement, Volvo Cars agreed to subscribe for Preference Shares in the Parent in exchange for a cash payment of $ 588,826 10

Parent entity restructuring

Pursuant to the terms and conditions of the BCA, the Former Parent was separated from the Group and 100 294,877,349 1,642,233,575 1,512 1,512

Note 19 - Trade receivables

Trade receivables from contracts with customers represent sales transactions, conducted via sales units, within the markets in which the Group operates. The average credit term to finance service providers and fleet customers is two weeks. Refer to theSale of goods, services and other section ofNote 27 - Related party transactions for further information related to Trade Receivables - related parties.

The following table details the aging analysis of the trade receivables:

                                           Not overdue                   1-30 days overdue                  30-90 days overdue      >90 days overdue      Total    
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  2024                                                                                                                                                             
  Gross trade receivables, external        94,490                        47,393                             7,482                   3,040                 152,405  
  Trade receivables - related parties      13,901                        1,051                              99                      22,793                37,844   
  Net trade receivables                    $                108,391      $                      48,444      $                       $                     $        
  2023                                                                                                                                                             
  Gross trade receivables, external        63,427                        49,670                             7,842                   5,777                 126,716  
  Trade receivables - related parties      52,313                        7,474                              1,204                   35                    61,026   
  Net trade receivables                    $                115,740      $                      57,144      $                       $                     $        

Management determines that a receivable is written off once reasonable means of collection have been unsuccessful and the Group has no reasonable expectations of recovering the entire contractual cash flows, or a portion thereof. As of December 31, 2024 and 2023, the Group has written off a de