Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 69

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 69
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 and B Shares that were issued to the Former Parent upon the completion of the Business Combination. The value of the Earn-out liability changes with the Polestar share price and other macroeconomic conditions, creating a fair value gain or loss.

#### Fair value change - Class C shares
Fair value change in Class C Shares consists of changes in fair value to the Class C-1 Shares and Class C-2 Shares that were issued to the Former Parent upon the completion of the Business Combination.

#### Share of losses in associates
Share of losses in associates consists of Polestar's proportionate share of it's associate's net income (loss), limited to the carrying value of Polestar's investment in its associates. The carrying value of Polestar's investment in associate will be adjusted equally to Polestar's share of income (loss), not to be adjusted below zero.

#### Income tax benefit (expenses)
Income tax benefit (expenses) consist of current and deferred income tax benefit (expenses). Current Income tax benefit (expenses) primarily represent income taxes generated on income sourced in multiple foreign jurisdictions. Deferred Income tax benefit (expenses) represent differences generated between book carrying values and the corresponding tax basis for assets or liabilities, multiplied by the applicable jurisdiction's income tax rate.

Comparison of the years ended December 31, 2023, 2022 and 2021

The following table summarizes Polestar’s historic Consolidated Statement of Loss for the years ended December 31, 2023, 2022 and 2021. All figures presented in the table below are in thousands of U.S. dollars unless otherwise stated. Additionally, certain figures have been restated. Refer to Note 31 - Restatement of financial statements for details.

|                                             |     | For the year ended December 31, 
 2023                            |            |            | 2022 |            |            | 2021 |          |            | 2023  vs 2022 
 Variance      |          |          | % |     |        | 2022  vs 2021 
 Variance      |          |            | % |     |        |
|:--------------------------------------------|:----|:--------------------------------|-----------:|-----------:|:-----|-----------:|-----------:|:-----|---------:|-----------:|:--------------|---------:|---------:|:--|:----|-------:|:--------------|---------:|-----------:|:--|:----|-------:|
| Revenue                                     |     |                                 |            |