ARVL

True20212021-12-31FY12-310001835059100018350592021-01-012021-12-31iso4217:USD00018350592020-01-012020-12-3100018350592019-01-012019-12-31iso4217:USDxbrli:shares00018350592021-12-3100018350592020-12-310001835059ifrs-full:IssuedCapitalMember2020-12-310001835059ifrs-full:SharePremiumMember2020-12-310001835059ifrs-full:RetainedEarningsMember2020-12-310001835059ifrs-full:OtherReservesMember2020-12-310001835059ifrs-full:RetainedEarningsMember2021-01-012021-12-310001835059ifrs-full:OtherReservesMember2021-01-012021-12-310001835059ifrs-full:IssuedCapitalMember2021-01-012021-12-310001835059ifrs-full:SharePremiumMember2021-01-012021-12-310001835059ifrs-full:IssuedCapitalMember2021-12-310001835059ifrs-full:SharePremiumMember2021-12-310001835059ifrs-full:RetainedEarningsMember2021-12-310001835059ifrs-full:OtherReservesMember2021-12-310001835059ifrs-full:IssuedCapitalMember2019-12-310001835059ifrs-full:SharePremiumMember2019-12-310001835059ifrs-full:RetainedEarningsMember2019-12-310001835059ifrs-full:OtherReservesMember2019-12-3100018350592019-12-310001835059ifrs-full:RetainedEarningsMember2020-01-012020-12-310001835059ifrs-full:OtherReservesMember2020-01-012020-12-310001835059ifrs-full:IssuedCapitalMember2020-01-012020-12-310001835059ifrs-full:SharePremiumMember2020-01-012020-12-310001835059ifrs-full:IssuedCapitalMember2018-12-310001835059ifrs-full:SharePremiumMember2018-12-310001835059ifrs-full:RetainedEarningsMember2018-12-310001835059ifrs-full:OtherReservesMember2018-12-3100018350592018-12-310001835059ifrs-full:IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMemberifrs-full:RetainedEarningsMember2018-12-310001835059ifrs-full:IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMember2018-12-310001835059ifrs-full:IssuedCapitalMemberifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310001835059ifrs-full:SharePremiumMemberifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310001835059ifrs-full:RetainedEarningsMemberifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310001835059ifrs-full:OtherReservesMemberifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310001835059ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310001835059ifrs-full:RetainedEarningsMember2019-01-012019-12-310001835059ifrs-full:OtherReservesMember2019-01-012019-12-310001835059ifrs-full:IssuedCapitalMember2019-01-012019-12-310001835059ifrs-full:SharePremiumMember2019-01-012019-12-3100018350592021-03-24xbrli:pure0001835059arvl:ConvertibleNotesMember2021-11-23arvl:factoryarvl:vehicles0001835059arvl:EurToUsdMember2021-12-310001835059arvl:EurToUsdMember2020-12-310001835059arvl:EurToUsdMember2021-01-012021-12-310001835059arvl:EurToUsdMember2020-01-012020-12-310001835059arvl:ArrivalLtdMember2021-01-012021-12-310001835059arvl:ArrivalLtdMember2020-01-012020-12-310001835059arvl:ArrivalRoboticsLtdMember2021-01-012021-12-310001835059arvl:ArrivalRoboticsLtdMember2020-01-012020-12-310001835059arvl:ArrivalRLtdMember2021-01-012021-12-310001835059arvl:ArrivalRLtdMember2020-01-012020-12-310001835059arvl:ArrivalJetLtdMember2021-01-012021-12-310001835059arvl:ArrivalJetLtdMember2020-01-012020-12-310001835059arvl:RoboraceLtdMember2021-01-012021-12-310001835059arvl:RoboraceLtdMember2020-01-012020-12-310001835059arvl:ArrivalAutomotiveUKLtdMember2021-01-012021-12-310001835059arvl:ArrivalAutomotiveUKLtdMember2020-01-012020-12-310001835059arvl:ArrivalSolutionsLtdMember2021-01-012021-12-310001835059arvl:ArrivalSolutionsLtdMember2020-01-012020-12-310001835059arvl:ArrivalMobilityLtdMember2021-01-012021-12-310001835059arvl:ArrivalMobilityLtdMember2020-01-012020-12-310001835059arvl:ArrivalVaultUKLtdMember2021-01-012021-12-310001835059arvl:ArrivalVaultUKLtdMember2020-01-012020-12-310001835059arvl:ArrivalElementsBVMember2021-01-012021-12-310001835059arvl:ArrivalElementsBVMember2020-01-012020-12-310001835059arvl:ArrivalUSAIncMember2021-01-012021-12-310001835059arvl:ArrivalUSAIncMember2020-01-012020-12-310001835059arvl:ArrivalAutomotiveUSAIncMember2021-01-012021-12-310001835059arvl:ArrivalAutomotiveUSAIncMember2020-01-012020-12-310001835059arvl:ArrivalVaultIncMember2021-01-012021-12-310001835059arvl:ArrivalVaultIncMember2020-01-012020-12-310001835059arvl:RoboraceIncMember2021-01-012021-12-310001835059arvl:RoboraceIncMember2020-01-012020-12-310001835059arvl:ArrivalSolutionsUSAIncMember2021-01-012021-12-310001835059arvl:ArrivalSolutionsUSAIncMember2020-01-012020-12-310001835059arvl:ArrivalAutomotivePTELtdMember2021-01-012021-12-310001835059arvl:ArrivalAutomotivePTELtdMember2020-01-012020-12-310001835059arvl:ArrivalRUSLLCMember2021-01-012021-12-310001835059arvl:ArrivalRUSLLCMember2020-01-012020-12-310001835059arvl:ArrivalRoboticsLLCMember2021-01-012021-12-310001835059arvl:ArrivalRoboticsLLCMember2020-01-012020-12-310001835059arvl:ArrivalGermanyGmbHMember2021-01-012021-12-310001835059arvl:ArrivalGermanyGmbHMember2020-01-012020-12-310001835059arvl:ArrivalAutomotiveGermanyGmbHMember2021-01-012021-12-310001835059arvl:ArrivalAutomotiveGermanyGmbHMember2020-01-012020-12-310001835059arvl:ArrivalSolutionsGermanyGmbhMember2021-01-012021-12-310001835059arvl:ArrivalSolutionsGermanyGmbhMember2020-01-012020-12-310001835059arvl:ArrivalIsraelLtdMember2021-01-012021-12-310001835059arvl:ArrivalIsraelLtdMember2020-01-012020-12-310001835059arvl:ArrivalLTUABMember2021-01-012021-12-310001835059arvl:ArrivalLTUABMember2020-01-012020-12-310001835059arvl:ArrivalGroupSAMember2021-01-012021-12-310001835059arvl:ArrivalGroupSAMember2020-01-012020-12-310001835059arvl:ArrivalLuxembourgSARLMember2021-01-012021-12-310001835059arvl:ArrivalLuxembourgSARLMember2020-01-012020-12-310001835059arvl:ArrivalAutomotiveESSLMember2021-01-012021-12-310001835059arvl:ArrivalAutomotiveESSLMember2020-01-012020-12-310001835059arvl:ArrivalLabESSLMember2021-01-012021-12-310001835059arvl:ArrivalLabESSLMember2020-01-012020-12-310001835059arvl:ArrivalAutomotiveMauritiusLtdMember2021-01-012021-12-310001835059arvl:ArrivalAutomotiveMauritiusLtdMember2020-01-012020-12-310001835059arvl:ArrivalInternationalMember2021-01-012021-12-310001835059arvl:ArrivalInternationalMember2020-01-012020-12-310001835059arvl:ArrivalAutomotiveEVPartsProcurementMember2021-01-012021-12-310001835059arvl:ArrivalAutomotiveEVPartsProcurementMember2020-01-012020-12-310001835059arvl:ArrivalElementsAUPtyLtdMember2021-01-012021-12-310001835059arvl:ArrivalElementsAUPtyLtdMember2020-01-012020-12-310001835059arvl:ArrivalAutomotiveAUPtyLtdMember2021-01-012021-12-310001835059arvl:ArrivalAutomotiveAUPtyLtdMember2020-01-012020-12-310001835059arvl:ArrivalAutomotiveIndiaPrivateLtdMember2021-01-012021-12-310001835059arvl:ArrivalAutomotiveIndiaPrivateLtdMember2020-01-012020-12-310001835059arvl:ArrivalIndiaPrivateLtdMember2021-01-012021-12-310001835059arvl:ArrivalIndiaPrivateLtdMember2020-01-012020-12-310001835059arvl:ArrivalElementsMXMember2021-01-012021-12-310001835059arvl:ArrivalElementsMXMember2020-01-012020-12-310001835059arvl:PlantAndEquipmentMember2021-01-012021-12-310001835059arvl:FactoryEquipmentMember2021-01-012021-12-310001835059ifrs-full:FixturesAndFittingsMember2021-01-012021-12-310001835059ifrs-full:ComputerEquipmentMember2021-01-012021-12-310001835059ifrs-full:MotorVehiclesMember2021-01-012021-12-310001835059ifrs-full:BottomOfRangeMemberarvl:TrademarksAndPatentsMember2021-01-012021-12-310001835059ifrs-full:TopOfRangeMemberarvl:TrademarksAndPatentsMember2021-01-012021-12-310001835059ifrs-full:ComputerSoftwareMember2021-01-012021-12-31arvl:cashGeneratingUnit0001835059arvl:ChargingStationsAndRoboraceCashGeneratingUnitsMember2021-01-012021-12-310001835059arvl:AutomotiveCashGeneratingUnitMember2021-12-31iso4217:EUR0001835059arvl:MilestonesBeAchievedMember2021-01-012021-12-310001835059arvl:ResignBeforeOneYearMember2021-12-310001835059arvl:ResignBeforeOneYearMember2021-01-012021-12-310001835059arvl:ProbabilityOfRedemptionMemberarvl:EmployeeLoansMember2023-12-310001835059arvl:ProbabilityOfRedemptionMemberarvl:EmployeeLoansMember2024-12-310001835059arvl:ProbabilityOfRedemptionMemberarvl:EmployeeLoansMember2025-12-310001835059arvl:ProbabilityOfRedemptionMemberarvl:EmployeeLoansMember2026-12-310001835059arvl:EmployeeLoansMaturing2027Memberifrs-full:Level3OfFairValueHierarchyMember2021-12-310001835059ifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberarvl:EmployeeLoansMaturing2030Member2021-12-310001835059ifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberarvl:EmployeeLoansMember2021-12-310001835059arvl:ExpectedTermMemberarvl:EmployeeLoansMember2021-12-310001835059arvl:EmployeeLoansMaturing2027Memberarvl:CumulativeSavingsMember2021-12-310001835059arvl:CumulativeSavingsMemberarvl:EmployeeLoansMaturing2030Member2021-12-310001835059ifrs-full:TopOfRangeMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberarvl:EmployeeLoansMember2021-12-310001835059arvl:EmployeeLoansMaturing2027Memberifrs-full:TopOfRangeMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMember2021-01-012021-12-310001835059ifrs-full:TopOfRangeMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberarvl:EmployeeLoansMaturing2030Member2021-01-012021-12-310001835059ifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberifrs-full:BottomOfRangeMemberarvl:EmployeeLoansMember2021-12-310001835059arvl:EmployeeLoansMaturing2027Memberifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberifrs-full:BottomOfRangeMember2021-01-012021-12-310001835059ifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberarvl:EmployeeLoansMaturing2030Memberifrs-full:BottomOfRangeMember2021-01-012021-12-310001835059arvl:EmployeeLoansMaturing2027Memberifrs-full:HistoricalVolatilityForSharesMeasurementInputMember2021-12-310001835059ifrs-full:TopOfRangeMemberarvl:ExpectedTermMemberarvl:EmployeeLoansMember2021-12-310001835059arvl:EmployeeLoansMaturing2027Memberifrs-full:TopOfRangeMemberarvl:ExpectedTermMember2021-01-012021-12-310001835059ifrs-full:TopOfRangeMemberarvl:EmployeeLoansMaturing2030Memberarvl:ExpectedTermMember2021-01-012021-12-310001835059arvl:ExpectedTermMemberifrs-full:BottomOfRangeMemberarvl:EmployeeLoansMember2021-12-310001835059arvl:EmployeeLoansMaturing2027Memberarvl:ExpectedTermMemberifrs-full:BottomOfRangeMember2021-01-012021-12-310001835059arvl:EmployeeLoansMaturing2030Memberarvl:ExpectedTermMemberifrs-full:BottomOfRangeMember2021-01-012021-12-310001835059arvl:EmployeeLoansMaturing2027Memberarvl:ExpectedTermMember2021-12-310001835059arvl:EmployeeLoansMaturing2030Memberarvl:ExpectedTermMember2021-12-310001835059arvl:CumulativeSavingsMemberifrs-full:TopOfRangeMemberarvl:EmployeeLoansMember2021-12-310001835059arvl:CumulativeSavingsMemberarvl:EmployeeLoansMaturing2027Memberifrs-full:TopOfRangeMember2021-01-012021-12-310001835059arvl:CumulativeSavingsMemberifrs-full:TopOfRangeMemberarvl:EmployeeLoansMaturing2030Member2021-01-012021-12-310001835059arvl:CumulativeSavingsMemberifrs-full:BottomOfRangeMemberarvl:EmployeeLoansMember2021-12-310001835059arvl:CumulativeSavingsMemberarvl:EmployeeLoansMaturing2027Memberifrs-full:BottomOfRangeMember2021-01-012021-12-310001835059arvl:CumulativeSavingsMemberarvl:EmployeeLoansMaturing2030Memberifrs-full:BottomOfRangeMember2021-01-012021-12-310001835059arvl:ProbabilityOfRedemptionMember2021-12-310001835059ifrs-full:Level3OfFairValueHierarchyMemberarvl:EmbeddedDerivativeMember2021-12-310001835059ifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberarvl:ExpectedVolatilityOptionOneMemberifrs-full:Level3OfFairValueHierarchyMemberarvl:EmbeddedDerivativeMember2021-12-310001835059arvl:ExpectedVolatilityOptionTwoMemberifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberifrs-full:Level3OfFairValueHierarchyMemberarvl:EmbeddedDerivativeMember2021-12-310001835059ifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberifrs-full:Level3OfFairValueHierarchyMemberarvl:EmbeddedDerivativeMember2021-12-310001835059ifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberifrs-full:Level3OfFairValueHierarchyMemberarvl:ExpectedVolatilityOptionThreeMemberarvl:EmbeddedDerivativeMember2021-12-310001835059ifrs-full:HistoricalVolatilityForSharesMeasurementInputMemberarvl:ExpectedVolatilityOptionFourMemberifrs-full:Level3OfFairValueHierarchyMemberarvl:EmbeddedDerivativeMember2021-12-31arvl:simulation0001835059ifrs-full:HistoricalVolatilityForSharesMeasurementInputMembersrt:ProFormaMemberarvl:ExpectedVolatilityOptionOneMemberifrs-full:Level3OfFairValueHierarchyMemberarvl:EmbeddedDerivativeMember2021-12-310001835059ifrs-full:HistoricalVolatilityForSharesMeasurementInputMembersrt:ProFormaMemberarvl:ExpectedVolatilityOptionFourMemberifrs-full:Level3OfFairValueHierarchyMemberarvl:EmbeddedDerivativeMember2021-12-310001835059ifrs-full:CurrencyRiskMember2021-01-012021-12-310001835059ifrs-full:CurrencyRiskMembercurrency:USD2021-01-012021-12-310001835059ifrs-full:CurrencyRiskMembercurrency:USD2020-01-012020-12-310001835059currency:EURifrs-full:CurrencyRiskMember2021-01-012021-12-310001835059currency:EURifrs-full:CurrencyRiskMember2020-01-012020-12-310001835059arvl:USDToAUDMember2021-12-310001835059arvl:USDToAUDMember2021-01-012021-12-310001835059arvl:USDToCNYMember2021-12-310001835059arvl:USDToCNYMember2021-01-012021-12-310001835059arvl:USDToGBPMember2021-12-310001835059arvl:USDToGBPMember2020-12-310001835059arvl:USDToGBPMember2021-01-012021-12-310001835059arvl:USDToGBPMember2020-01-012020-12-310001835059arvl:USDToEURMember2021-12-310001835059arvl:USDToEURMember2020-12-310001835059arvl:USDToEURMember2021-01-012021-12-310001835059arvl:USDToEURMember2020-01-012020-12-310001835059arvl:USDToINRMember2021-12-310001835059arvl:USDToINRMember2021-01-012021-12-310001835059arvl:USDToILSMember2021-12-310001835059arvl:USDToILSMember2020-12-310001835059arvl:USDToILSMember2021-01-012021-12-310001835059arvl:USDToILSMember2020-01-012020-12-310001835059arvl:USDToMURMember2021-12-310001835059arvl:USDToMURMember2021-01-012021-12-310001835059arvl:USDToMXPMember2021-12-310001835059arvl:USDToMXPMember2021-01-012021-12-310001835059arvl:USDToRUBMember2021-12-310001835059arvl:USDToRUBMember2020-12-310001835059arvl:USDToRUBMember2021-01-012021-12-310001835059arvl:USDToRUBMember2020-01-012020-12-310001835059arvl:USDToSGDMember2021-12-310001835059arvl:USDToSGDMember2020-12-310001835059arvl:USDToSGDMember2021-01-012021-12-310001835059arvl:USDToSGDMember2020-01-012020-12-310001835059arvl:AutomotiveSegmentMember2021-01-012021-12-310001835059arvl:AutomotiveSegmentMember2020-01-012020-12-310001835059arvl:AutomotiveSegmentMember2019-01-012019-12-310001835059arvl:AutomotiveSegmentMember2021-12-310001835059arvl:AutomotiveSegmentMember2020-12-310001835059arvl:AutomotiveSegmentMembercountry:GB2021-12-310001835059arvl:AutomotiveSegmentMembercountry:GB2020-12-310001835059country:USarvl:AutomotiveSegmentMember2021-12-310001835059country:USarvl:AutomotiveSegmentMember2020-12-310001835059arvl:AutomotiveSegmentMembercountry:ES2021-12-310001835059arvl:AutomotiveSegmentMembercountry:ES2020-12-310001835059arvl:AutomotiveSegmentMembercountry:RU2021-12-310001835059arvl:AutomotiveSegmentMembercountry:RU2020-12-310001835059arvl:OtherGeographicalAreasMemberarvl:AutomotiveSegmentMember2021-12-310001835059arvl:OtherGeographicalAreasMemberarvl:AutomotiveSegmentMember2020-12-31arvl:segment0001835059ifrs-full:GrossCarryingAmountMemberifrs-full:LandAndBuildingsMember2020-12-310001835059ifrs-full:GrossCarryingAmountMemberarvl:PlantAndEquipmentMember2020-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:FixturesAndFittingsMember2020-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:MotorVehiclesMember2020-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:ConstructionInProgressMember2020-12-310001835059ifrs-full:GrossCarryingAmountMember2020-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:LandAndBuildingsMember2021-01-012021-12-310001835059ifrs-full:GrossCarryingAmountMemberarvl:PlantAndEquipmentMember2021-01-012021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:FixturesAndFittingsMember2021-01-012021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:MotorVehiclesMember2021-01-012021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:ConstructionInProgressMember2021-01-012021-12-310001835059ifrs-full:GrossCarryingAmountMember2021-01-012021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:LandAndBuildingsMember2021-12-310001835059ifrs-full:GrossCarryingAmountMemberarvl:PlantAndEquipmentMember2021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:FixturesAndFittingsMember2021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:MotorVehiclesMember2021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:ConstructionInProgressMember2021-12-310001835059ifrs-full:GrossCarryingAmountMember2021-12-310001835059ifrs-full:LandAndBuildingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-12-310001835059arvl:PlantAndEquipmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-12-310001835059ifrs-full:FixturesAndFittingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:MotorVehiclesMember2020-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ConstructionInProgressMember2020-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-12-310001835059ifrs-full:LandAndBuildingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-01-012021-12-310001835059arvl:PlantAndEquipmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-01-012021-12-310001835059ifrs-full:FixturesAndFittingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-01-012021-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:MotorVehiclesMember2021-01-012021-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ConstructionInProgressMember2021-01-012021-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-01-012021-12-310001835059ifrs-full:LandAndBuildingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-12-310001835059arvl:PlantAndEquipmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-12-310001835059ifrs-full:FixturesAndFittingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:MotorVehiclesMember2021-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ConstructionInProgressMember2021-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-12-310001835059ifrs-full:LandAndBuildingsMember2020-12-310001835059arvl:PlantAndEquipmentMember2020-12-310001835059ifrs-full:FixturesAndFittingsMember2020-12-310001835059ifrs-full:MotorVehiclesMember2020-12-310001835059ifrs-full:ConstructionInProgressMember2020-12-310001835059ifrs-full:LandAndBuildingsMember2021-12-310001835059arvl:PlantAndEquipmentMember2021-12-310001835059ifrs-full:FixturesAndFittingsMember2021-12-310001835059ifrs-full:MotorVehiclesMember2021-12-310001835059ifrs-full:ConstructionInProgressMember2021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:LandAndBuildingsMember2019-12-310001835059ifrs-full:GrossCarryingAmountMemberarvl:PlantAndEquipmentMember2019-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:FixturesAndFittingsMember2019-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:MotorVehiclesMember2019-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:ConstructionInProgressMember2019-12-310001835059ifrs-full:GrossCarryingAmountMember2019-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:LandAndBuildingsMember2020-01-012020-12-310001835059ifrs-full:GrossCarryingAmountMemberarvl:PlantAndEquipmentMember2020-01-012020-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:FixturesAndFittingsMember2020-01-012020-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:MotorVehiclesMember2020-01-012020-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:ConstructionInProgressMember2020-01-012020-12-310001835059ifrs-full:GrossCarryingAmountMember2020-01-012020-12-310001835059ifrs-full:LandAndBuildingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-12-310001835059arvl:PlantAndEquipmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-12-310001835059ifrs-full:FixturesAndFittingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:MotorVehiclesMember2019-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ConstructionInProgressMember2019-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-12-310001835059ifrs-full:LandAndBuildingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-01-012020-12-310001835059arvl:PlantAndEquipmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-01-012020-12-310001835059ifrs-full:FixturesAndFittingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-01-012020-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:MotorVehiclesMember2020-01-012020-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ConstructionInProgressMember2020-01-012020-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-01-012020-12-310001835059ifrs-full:LandAndBuildingsMember2019-12-310001835059arvl:PlantAndEquipmentMember2019-12-310001835059ifrs-full:FixturesAndFittingsMember2019-12-310001835059ifrs-full:MotorVehiclesMember2019-12-310001835059ifrs-full:ConstructionInProgressMember2019-12-310001835059ifrs-full:AccumulatedDepreciationAndAmortisationMemberifrs-full:LandAndBuildingsMember2021-12-310001835059ifrs-full:AccumulatedDepreciationAndAmortisationMemberifrs-full:LandAndBuildingsMember2020-12-310001835059ifrs-full:AccumulatedImpairmentMemberifrs-full:LandAndBuildingsMember2021-12-310001835059ifrs-full:AccumulatedImpairmentMemberifrs-full:LandAndBuildingsMember2020-12-310001835059ifrs-full:ConstructionInProgressMember2021-01-012021-12-310001835059ifrs-full:ConstructionInProgressMember2020-01-012020-12-310001835059country:US2020-01-012020-12-31arvl:agreement0001835059country:US2020-12-310001835059arvl:OfficeAndFactoryBuildingsMembercountry:GB2020-12-310001835059ifrs-full:AccumulatedImpairmentMemberarvl:OfficeAndFactoryBuildingsMember2020-12-310001835059country:GB2021-12-310001835059country:ES2021-12-310001835059country:RU2021-12-310001835059country:GB2021-01-012021-12-310001835059country:DE2021-01-012021-12-310001835059country:US2021-01-012021-12-310001835059country:IL2021-01-012021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:GoodwillMember2020-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:IntangibleAssetsUnderDevelopmentMember2020-12-310001835059arvl:PatentTrademarksAndOtherRightsMemberifrs-full:GrossCarryingAmountMember2020-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:ComputerSoftwareMember2020-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:GoodwillMember2021-01-012021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:IntangibleAssetsUnderDevelopmentMember2021-01-012021-12-310001835059arvl:PatentTrademarksAndOtherRightsMemberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:ComputerSoftwareMember2021-01-012021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:GoodwillMember2021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:IntangibleAssetsUnderDevelopmentMember2021-12-310001835059arvl:PatentTrademarksAndOtherRightsMemberifrs-full:GrossCarryingAmountMember2021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:ComputerSoftwareMember2021-12-310001835059ifrs-full:GoodwillMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-12-310001835059ifrs-full:IntangibleAssetsUnderDevelopmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-12-310001835059arvl:PatentTrademarksAndOtherRightsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-12-310001835059ifrs-full:ComputerSoftwareMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-12-310001835059ifrs-full:GoodwillMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-01-012021-12-310001835059ifrs-full:IntangibleAssetsUnderDevelopmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-01-012021-12-310001835059arvl:PatentTrademarksAndOtherRightsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-01-012021-12-310001835059ifrs-full:ComputerSoftwareMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-01-012021-12-310001835059ifrs-full:GoodwillMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-12-310001835059ifrs-full:IntangibleAssetsUnderDevelopmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-12-310001835059arvl:PatentTrademarksAndOtherRightsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-12-310001835059ifrs-full:ComputerSoftwareMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-12-310001835059ifrs-full:GoodwillMember2020-12-310001835059ifrs-full:IntangibleAssetsUnderDevelopmentMember2020-12-310001835059arvl:PatentTrademarksAndOtherRightsMember2020-12-310001835059ifrs-full:ComputerSoftwareMember2020-12-310001835059ifrs-full:GoodwillMember2021-12-310001835059ifrs-full:IntangibleAssetsUnderDevelopmentMember2021-12-310001835059arvl:PatentTrademarksAndOtherRightsMember2021-12-310001835059ifrs-full:ComputerSoftwareMember2021-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:GoodwillMember2019-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:IntangibleAssetsUnderDevelopmentMember2019-12-310001835059arvl:PatentTrademarksAndOtherRightsMemberifrs-full:GrossCarryingAmountMember2019-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:ComputerSoftwareMember2019-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:GoodwillMember2020-01-012020-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:IntangibleAssetsUnderDevelopmentMember2020-01-012020-12-310001835059arvl:PatentTrademarksAndOtherRightsMemberifrs-full:GrossCarryingAmountMember2020-01-012020-12-310001835059ifrs-full:GrossCarryingAmountMemberifrs-full:ComputerSoftwareMember2020-01-012020-12-310001835059ifrs-full:GoodwillMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-12-310001835059ifrs-full:IntangibleAssetsUnderDevelopmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-12-310001835059arvl:PatentTrademarksAndOtherRightsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-12-310001835059ifrs-full:ComputerSoftwareMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-12-310001835059ifrs-full:GoodwillMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-01-012020-12-310001835059ifrs-full:IntangibleAssetsUnderDevelopmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-01-012020-12-310001835059arvl:PatentTrademarksAndOtherRightsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-01-012020-12-310001835059ifrs-full:ComputerSoftwareMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-01-012020-12-310001835059ifrs-full:GoodwillMember2019-12-310001835059ifrs-full:IntangibleAssetsUnderDevelopmentMember2019-12-310001835059arvl:PatentTrademarksAndOtherRightsMember2019-12-310001835059ifrs-full:ComputerSoftwareMember2019-12-310001835059ifrs-full:GrossCarryingAmountMemberarvl:IntangibleAssetsUnderDevelopmentEquipmentTollingAndPartsMember2021-01-012021-12-310001835059ifrs-full:GrossCarryingAmountMemberarvl:IntangibleAssetsUnderDevelopmentEquipmentTollingAndPartsMember2020-01-012020-12-3100018350592021-10-012021-12-31arvl:project0001835059ifrs-full:IntangibleAssetsUnderDevelopmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-10-012021-12-310001835059ifrs-full:IntangibleAssetsUnderDevelopmentMember2021-01-012021-12-310001835059ifrs-full:IntangibleAssetsUnderDevelopmentMember2020-01-012020-12-310001835059arvl:ArrivalLTUABMember2020-07-140001835059arvl:ArrivalLTUABMember2020-01-012020-07-140001835059arvl:ArrivalLTUABMember2020-07-152020-12-310001835059arvl:ArrivalSolutionsGermanyGmbhMember2020-01-012020-12-31arvl:business0001835059arvl:ArrivalSolutionsGermanyGmbhMember2020-03-090001835059arvl:ArrivalSolutionsGermanyGmbhMember2020-07-200001835059arvl:RoboraceLtdMember2020-09-210001835059arvl:RoboraceIncMember2020-09-210001835059arvl:RoboraceIncMember2020-07-200001835059arvl:RoboraceLtdMember2020-07-140001835059arvl:ArrivalMLtdMember2019-04-110001835059arvl:ArrivalRLtdMember2019-09-020001835059arvl:ArrivalUSAIncMember2019-09-020001835059arvl:KCybernationSARLAndKRobolifeSARLMember2019-12-310001835059arvl:InterestFreeTwelveMonthsLoansMember2021-01-012021-12-310001835059arvl:InterestFreeTwelveMonthsLoansMember2020-10-310001835059arvl:TenYearOnePointOneTwoPercentMember2020-10-012020-10-310001835059arvl:TenYearOnePointOneTwoPercentMember2020-10-310001835059arvl:TenYearOnePointFiveZeroPercentMember2021-01-012021-12-310001835059arvl:TenYearOnePointFiveZeroPercentMember2020-10-310001835059arvl:InterestFreeTenYearLoansMember2020-10-012020-10-310001835059arvl:InterestFreeTenYearLoansMember2020-10-3100018350592020-10-3100018350592021-09-300001835059arvl:EmployeeLoansMaturing2030Memberifrs-full:Level3OfFairValueHierarchyMember2021-12-310001835059ifrs-full:BottomOfRangeMember2021-01-012021-12-31arvl:lease0001835059ifrs-full:TopOfRangeMember2021-01-012021-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2018-12-310001835059ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-01-012019-12-310001835059ifrs-full:OrdinarySharesMember2021-12-31xbrli:shares0001835059ifrs-full:OrdinarySharesMember2020-12-310001835059ifrs-full:OrdinarySharesMemberarvl:IssuedCapitalAndSharePremiumMember2021-12-310001835059ifrs-full:OrdinarySharesMemberarvl:IssuedCapitalAndSharePremiumMember2020-12-310001835059ifrs-full:PreferenceSharesMember2021-12-310001835059ifrs-full:PreferenceSharesMember2020-12-310001835059ifrs-full:PreferenceSharesMemberarvl:IssuedCapitalAndSharePremiumMember2021-12-310001835059ifrs-full:PreferenceSharesMemberarvl:IssuedCapitalAndSharePremiumMember2020-12-310001835059ifrs-full:OrdinarySharesMember2019-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:IssuedCapitalMember2019-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:SharePremiumMember2019-12-310001835059ifrs-full:OrdinarySharesMemberarvl:IssuedCapitalAndSharePremiumMember2019-12-310001835059ifrs-full:OrdinarySharesMember2020-01-012020-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:IssuedCapitalMember2020-01-012020-12-310001835059ifrs-full:OrdinarySharesMemberarvl:IssuedCapitalAndSharePremiumMember2020-01-012020-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:SharePremiumMember2020-01-012020-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:IssuedCapitalMember2020-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:SharePremiumMember2020-12-310001835059ifrs-full:OrdinarySharesMember2021-01-012021-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:IssuedCapitalMember2021-01-012021-12-310001835059ifrs-full:OrdinarySharesMemberarvl:IssuedCapitalAndSharePremiumMember2021-01-012021-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:SharePremiumMember2021-01-012021-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:IssuedCapitalMember2021-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:SharePremiumMember2021-12-310001835059ifrs-full:PreferenceSharesMember2019-12-310001835059ifrs-full:PreferenceSharesMemberifrs-full:IssuedCapitalMember2019-12-310001835059ifrs-full:PreferenceSharesMemberifrs-full:SharePremiumMember2019-12-310001835059ifrs-full:PreferenceSharesMemberarvl:IssuedCapitalAndSharePremiumMember2019-12-310001835059ifrs-full:PreferenceSharesMember2020-01-012020-12-310001835059ifrs-full:PreferenceSharesMemberifrs-full:IssuedCapitalMember2020-01-012020-12-310001835059ifrs-full:PreferenceSharesMemberifrs-full:SharePremiumMember2020-01-012020-12-310001835059ifrs-full:PreferenceSharesMemberarvl:IssuedCapitalAndSharePremiumMember2020-01-012020-12-310001835059ifrs-full:PreferenceSharesMemberifrs-full:IssuedCapitalMember2020-12-310001835059ifrs-full:PreferenceSharesMemberifrs-full:SharePremiumMember2020-12-310001835059ifrs-full:PreferenceSharesMember2021-01-012021-12-310001835059ifrs-full:PreferenceSharesMemberifrs-full:IssuedCapitalMember2021-01-012021-12-310001835059ifrs-full:PreferenceSharesMemberifrs-full:SharePremiumMember2021-01-012021-12-310001835059ifrs-full:PreferenceSharesMemberarvl:IssuedCapitalAndSharePremiumMember2021-01-012021-12-310001835059ifrs-full:PreferenceSharesMemberifrs-full:IssuedCapitalMember2021-12-310001835059ifrs-full:PreferenceSharesMemberifrs-full:SharePremiumMember2021-12-31iso4217:EURxbrli:shares0001835059ifrs-full:OrdinarySharesMemberarvl:ArrivalLuxembourgSARLMember2020-12-310001835059ifrs-full:PreferenceSharesMemberarvl:ArrivalLuxembourgSARLMember2020-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:IssuedCapitalMember2021-03-232021-03-230001835059ifrs-full:OrdinarySharesMember2021-03-232021-03-230001835059ifrs-full:IssuedCapitalMember2021-03-232021-03-230001835059arvl:ArrivalLuxembourgSARLMember2021-03-232021-03-2300018350592021-03-232021-03-230001835059ifrs-full:SharePremiumMember2021-03-232021-03-230001835059ifrs-full:IssuedCapitalMember2021-01-042021-01-040001835059ifrs-full:OrdinarySharesMemberarvl:IssuedCapitalAndSharePremiumMember2021-01-042021-01-040001835059ifrs-full:IssuedCapitalMember2021-03-242021-03-240001835059ifrs-full:OrdinarySharesMember2021-03-242021-03-240001835059ifrs-full:OrdinarySharesMember2021-03-240001835059arvl:CiigMergerCorpMember2021-03-240001835059arvl:CiigMergerCorpMemberifrs-full:OrdinarySharesMemberarvl:IssuedCapitalAndSharePremiumMember2021-03-242021-03-2400018350592021-03-242021-03-240001835059ifrs-full:OtherReservesMember2021-03-242021-03-240001835059arvl:PublicWarrantsMember2021-06-180001835059arvl:PublicWarrantsMember2021-06-182021-06-180001835059arvl:PublicWarrantsMemberifrs-full:IssuedCapitalMember2021-06-182021-06-180001835059arvl:PublicWarrantsMemberifrs-full:SharePremiumMember2021-06-182021-06-180001835059arvl:PrivateWarrantsMember2021-01-012021-12-310001835059ifrs-full:OrdinarySharesMemberarvl:PrivateWarrantsMember2021-01-012021-12-310001835059ifrs-full:OrdinarySharesMemberarvl:PrivateWarrantsMemberarvl:IssuedCapitalAndSharePremiumMember2021-01-012021-12-3100018350592021-11-232021-11-230001835059ifrs-full:IssuedCapitalMember2021-11-232021-11-230001835059ifrs-full:SharePremiumMember2021-11-232021-11-230001835059ifrs-full:OrdinarySharesMember2020-10-082020-10-080001835059ifrs-full:PreferenceSharesMemberarvl:ArrivalLuxembourgSARLMember2020-10-080001835059ifrs-full:TreasurySharesMember2019-12-310001835059ifrs-full:TreasurySharesMember2020-01-012020-12-310001835059ifrs-full:TreasurySharesMember2020-12-310001835059ifrs-full:TreasurySharesMember2021-01-012021-12-310001835059ifrs-full:TreasurySharesMemberarvl:RestrictedShareUnitsRSUMember2021-01-012021-12-310001835059ifrs-full:TreasurySharesMemberarvl:SOPSchemeMember2021-01-012021-12-310001835059ifrs-full:TreasurySharesMember2021-12-310001835059arvl:CiigMergerCorpMember2021-12-310001835059arvl:ArrivalLuxembourgSARLMember2021-12-310001835059ifrs-full:TreasurySharesMemberarvl:KinetikArrivalLuxembourgSaRlAndTheTrustMember2021-12-310001835059ifrs-full:TreasurySharesMember2020-10-102020-10-120001835059ifrs-full:OtherReservesMember2020-10-102020-10-120001835059arvl:ArrivalLuxembourgSARLMember2018-12-310001835059arvl:ArrivalLuxembourgSARLMember2019-10-040001835059arvl:BeforeExtraOrdinaryGeneralMeetingMemberarvl:ArrivalLuxembourgSARLMember2019-10-042019-10-040001835059arvl:AfterExtraOrdinaryGeneralMeetingMemberarvl:ArrivalLuxembourgSARLMember2019-10-042019-10-040001835059arvl:AfterExtraOrdinaryGeneralMeetingMemberarvl:ArrivalLuxembourgSARLMember2019-10-040001835059arvl:PreferredShareAMemberarvl:ArrivalLuxembourgSARLMember2020-10-120001835059arvl:ArrivalLuxembourgSARLMember2020-10-122020-10-120001835059ifrs-full:IssuedCapitalMemberarvl:ArrivalLuxembourgSARLMember2020-10-122020-10-120001835059ifrs-full:SharePremiumMemberarvl:ArrivalLuxembourgSARLMember2020-10-122020-10-120001835059arvl:PreferredShareAMemberarvl:ArrivalLuxembourgSARLMember2020-01-290001835059ifrs-full:SharePremiumMemberarvl:ArrivalLuxembourgSARLMember2020-01-292020-01-290001835059arvl:PreferredShareAMemberarvl:ArrivalLuxembourgSARLMember2020-01-292020-01-290001835059arvl:UpsMember2020-01-292020-01-290001835059arvl:ArrivalLuxembourgSARLMember2019-12-302019-12-300001835059arvl:PreferredShareAMemberarvl:ArrivalLuxembourgSARLMember2019-12-302019-12-300001835059arvl:ArrivalLuxembourgSARLMember2019-12-300001835059ifrs-full:SharePremiumMemberarvl:ArrivalLuxembourgSARLMember2019-12-302019-12-300001835059ifrs-full:OrdinarySharesMemberarvl:ArrivalMemberifrs-full:IssuedCapitalMember2021-01-012021-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:SharePremiumMemberarvl:ArrivalMember2021-01-012021-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:IssuedCapitalMemberarvl:ArrivalLuxembourgSARLMember2021-01-012021-12-310001835059ifrs-full:OrdinarySharesMemberifrs-full:SharePremiumMemberarvl:ArrivalLuxembourgSARLMember2021-01-012021-12-310001835059ifrs-full:PreferenceSharesMemberarvl:ArrivalMemberifrs-full:IssuedCapitalMember2021-01-012021-12-310001835059ifrs-full:SharePremiumMemberifrs-full:PreferenceSharesMemberarvl:ArrivalMember2021-01-012021-12-310001835059ifrs-full:PreferenceSharesMemberifrs-full:IssuedCapitalMemberarvl:ArrivalLuxembourgSARLMember2021-01-012021-12-310001835059ifrs-full:SharePremiumMemberifrs-full:PreferenceSharesMemberarvl:ArrivalLuxembourgSARLMember2021-01-012021-12-310001835059arvl:ArrivalMemberifrs-full:IssuedCapitalMember2021-01-012021-12-310001835059ifrs-full:SharePremiumMemberarvl:ArrivalMember2021-01-012021-12-310001835059ifrs-full:IssuedCapitalMemberarvl:ArrivalLuxembourgSARLMember2021-01-012021-12-310001835059ifrs-full:SharePremiumMemberarvl:ArrivalLuxembourgSARLMember2021-01-012021-12-310001835059arvl:ShareCapitalAndPremiumMemberarvl:ArrivalLuxembourgSARLMember2021-01-012021-12-310001835059arvl:ArrivalMemberarvl:ShareCapitalAndPremiumMember2021-12-310001835059ifrs-full:OrdinarySharesMemberarvl:ArrivalMemberarvl:IssuedCapitalAndSharePremiumMember2021-01-012021-12-310001835059ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2019-12-310001835059ifrs-full:ReserveOfSharebasedPaymentsMember2019-12-310001835059arvl:RSPMember2019-12-310001835059ifrs-full:CapitalReserveMember2019-12-310001835059ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2020-01-012020-12-310001835059ifrs-full:ReserveOfSharebasedPaymentsMember2020-01-012020-12-310001835059arvl:RSPMember2020-01-012020-12-310001835059ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2020-12-310001835059ifrs-full:ReserveOfSharebasedPaymentsMember2020-12-310001835059arvl:RSPMember2020-12-310001835059ifrs-full:CapitalReserveMember2020-12-310001835059ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2021-01-012021-12-310001835059ifrs-full:CapitalReserveMember2021-01-012021-12-310001835059ifrs-full:OtherReservesMember2021-01-012021-12-310001835059ifrs-full:ReserveOfSharebasedPaymentsMember2021-01-012021-12-310001835059ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2021-12-310001835059ifrs-full:ReserveOfSharebasedPaymentsMember2021-12-310001835059arvl:RSPMember2021-12-310001835059ifrs-full:CapitalReserveMember2021-12-310001835059arvl:EarningsPerShareBasicMember2021-01-012021-12-310001835059arvl:EarningsPerShareBasicMember2020-01-012020-12-310001835059arvl:EarningsPerShareBasicMember2019-01-012019-12-310001835059arvl:ConversionOfPreferenceASharesIntoOrdinarySharesMemberarvl:EarningsPerShareBasicMember2021-01-012021-12-310001835059arvl:ConversionOfPreferenceASharesIntoOrdinarySharesMemberarvl:EarningsPerShareBasicMember2020-01-012020-12-310001835059arvl:ConversionOfPreferenceASharesIntoOrdinarySharesMemberarvl:EarningsPerShareBasicMember2019-01-012019-12-310001835059arvl:IssueOfSharesToCIIGShareholdersMemberarvl:EarningsPerShareBasicMember2021-01-012021-12-310001835059arvl:IssueOfSharesToCIIGShareholdersMemberarvl:EarningsPerShareBasicMember2020-01-012020-12-310001835059arvl:IssueOfSharesToCIIGShareholdersMemberarvl:EarningsPerShareBasicMember2019-01-012019-12-310001835059arvl:IssueOfSharesForExerciseOfWarrantsMemberarvl:EarningsPerShareBasicMember2021-01-012021-12-310001835059arvl:IssueOfSharesForExerciseOfWarrantsMemberarvl:EarningsPerShareBasicMember2020-01-012020-12-310001835059arvl:IssueOfSharesForExerciseOfWarrantsMemberarvl:EarningsPerShareBasicMember2019-01-012019-12-310001835059arvl:ExerciseOfOptionsBySOPParticipantsMemberarvl:EarningsPerShareBasicMember2021-01-012021-12-310001835059arvl:ExerciseOfOptionsBySOPParticipantsMemberarvl:EarningsPerShareBasicMember2020-01-012020-12-310001835059arvl:ExerciseOfOptionsBySOPParticipantsMemberarvl:EarningsPerShareBasicMember2019-01-012019-12-310001835059arvl:SharesRepurchasedFromRSPParticipantsMemberarvl:EarningsPerShareBasicMember2021-01-012021-12-310001835059arvl:SharesRepurchasedFromRSPParticipantsMemberarvl:EarningsPerShareBasicMember2020-01-012020-12-310001835059arvl:SharesRepurchasedFromRSPParticipantsMemberarvl:EarningsPerShareBasicMember2019-01-012019-12-310001835059arvl:SharesGrantedToRSUSchemesParticipantsMemberarvl:EarningsPerShareBasicMember2021-01-012021-12-310001835059arvl:SharesGrantedToRSUSchemesParticipantsMemberarvl:EarningsPerShareBasicMember2020-01-012020-12-310001835059arvl:SharesGrantedToRSUSchemesParticipantsMemberarvl:EarningsPerShareBasicMember2019-01-012019-12-310001835059arvl:IssueOfOrdinarySharesMemberarvl:EarningsPerShareBasicMember2021-01-012021-12-310001835059arvl:IssueOfOrdinarySharesMemberarvl:EarningsPerShareBasicMember2020-01-012020-12-310001835059arvl:IssueOfOrdinarySharesMemberarvl:EarningsPerShareBasicMember2019-01-012019-12-310001835059arvl:ShareSplitMemberarvl:EarningsPerShareBasicMember2021-01-012021-12-310001835059arvl:ShareSplitMemberarvl:EarningsPerShareBasicMember2020-01-012020-12-310001835059arvl:ShareSplitMemberarvl:EarningsPerShareBasicMember2019-01-012019-12-310001835059arvl:ConversionOfDistributableReservesIntoSharesMemberarvl:EarningsPerShareBasicMember2021-01-012021-12-310001835059arvl:ConversionOfDistributableReservesIntoSharesMemberarvl:EarningsPerShareBasicMember2020-01-012020-12-310001835059arvl:ConversionOfDistributableReservesIntoSharesMemberarvl:EarningsPerShareBasicMember2019-01-012019-12-310001835059arvl:TreasurySharesAndRSPTreasurySharesAndRSP2020SharesMemberarvl:EarningsPerShareBasicMember2021-01-012021-12-310001835059arvl:TreasurySharesAndRSPTreasurySharesAndRSP2020SharesMemberarvl:EarningsPerShareBasicMember2020-01-012020-12-310001835059arvl:TreasurySharesAndRSPTreasurySharesAndRSP2020SharesMemberarvl:EarningsPerShareBasicMember2019-01-012019-12-310001835059arvl:RspSharedVestedMemberarvl:EarningsPerShareBasicMember2021-01-012021-12-310001835059arvl:RspSharedVestedMemberarvl:EarningsPerShareBasicMember2020-01-012020-12-310001835059arvl:RspSharedVestedMemberarvl:EarningsPerShareBasicMember2019-01-012019-12-310001835059arvl:SOPSchemeMember2021-12-310001835059arvl:RestrictedShareUnitsRSUMember2021-12-310001835059arvl:ConvertibleNotesMember2020-12-310001835059arvl:EmbeddedDerivativesMember2020-12-310001835059ifrs-full:LeaseLiabilitiesMember2020-12-310001835059arvl:WarrantsMember2020-12-310001835059arvl:LiabilityMember2020-12-310001835059arvl:ShareCapitalAndPremiumMember2020-12-310001835059arvl:OtherLiabilityMember2020-12-310001835059ifrs-full:OtherReservesMember2020-12-310001835059arvl:MovementInLiabilitiesToCashFlowsMember2020-12-310001835059arvl:ConvertibleNotesMember2021-01-012021-12-310001835059arvl:EmbeddedDerivativesMember2021-01-012021-12-310001835059ifrs-full:LeaseLiabilitiesMember2021-01-012021-12-310001835059arvl:WarrantsMember2021-01-012021-12-310001835059arvl:LiabilityMember2021-01-012021-12-310001835059arvl:ShareCapitalAndPremiumMember2021-01-012021-12-310001835059arvl:OtherLiabilityMember2021-01-012021-12-310001835059arvl:MovementInLiabilitiesToCashFlowsMember2021-01-012021-12-310001835059arvl:ConvertibleNotesMember2021-12-310001835059arvl:EmbeddedDerivativesMember2021-12-310001835059ifrs-full:LeaseLiabilitiesMember2021-12-310001835059arvl:WarrantsMember2021-12-310001835059arvl:LiabilityMember2021-12-310001835059arvl:ShareCapitalAndPremiumMember2021-12-310001835059arvl:OtherLiabilityMember2021-12-310001835059ifrs-full:OtherReservesMember2021-12-310001835059arvl:MovementInLiabilitiesToCashFlowsMember2021-12-310001835059arvl:ConvertibleNotesMember2019-12-310001835059arvl:EmbeddedDerivativesMember2019-12-310001835059ifrs-full:LeaseLiabilitiesMember2019-12-310001835059arvl:LiabilityMember2019-12-310001835059arvl:ShareCapitalAndPremiumMember2019-12-310001835059arvl:OtherLiabilityMember2019-12-310001835059ifrs-full:OtherReservesMember2019-12-310001835059arvl:MovementInLiabilitiesToCashFlowsMember2019-12-310001835059arvl:ConvertibleNotesMember2020-01-012020-12-310001835059arvl:EmbeddedDerivativesMember2020-01-012020-12-310001835059ifrs-full:LeaseLiabilitiesMember2020-01-012020-12-310001835059arvl:WarrantsMember2020-01-012020-12-310001835059arvl:LiabilityMember2020-01-012020-12-310001835059arvl:ShareCapitalAndPremiumMember2020-01-012020-12-310001835059arvl:OtherLiabilityMember2020-01-012020-12-310001835059ifrs-full:OtherReservesMember2020-01-012020-12-310001835059arvl:MovementInLiabilitiesToCashFlowsMember2020-01-012020-12-310001835059ifrs-full:NotLaterThanOneYearMember2021-12-310001835059ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMember2021-12-310001835059ifrs-full:LaterThanFiveYearsMember2021-12-310001835059ifrs-full:NotLaterThanOneYearMember2020-12-310001835059ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMember2020-12-310001835059ifrs-full:LaterThanFiveYearsMember2020-12-310001835059arvl:KinetikLoanMember2020-09-300001835059arvl:KinetikLoanMember2020-10-310001835059arvl:HbscBankMember2020-08-300001835059arvl:ConvertibleNotesMember2021-11-230001835059arvl:ConvertibleNotesMember2021-12-310001835059arvl:ConvertibleNotesMember2021-01-012021-12-31utr:D0001835059arvl:ConvertibleNotesMemberifrs-full:BottomOfRangeMember2021-01-012021-12-310001835059arvl:PrivateWarrantsMember2021-03-240001835059arvl:PrivateWarrantsMember2021-03-242021-03-240001835059arvl:PublicWarrantsMember2021-03-240001835059arvl:PublicWarrantsMember2021-03-242021-03-240001835059ifrs-full:BottomOfRangeMember2021-03-242021-03-240001835059ifrs-full:TopOfRangeMember2021-03-242021-03-2400018350592021-06-1800018350592021-06-182021-06-180001835059arvl:PublicWarrantsMember2021-11-192021-12-310001835059arvl:PrivateWarrantsMember2021-11-192021-12-310001835059ifrs-full:AtFairValueMemberarvl:WarrantMemberifrs-full:Level3OfFairValueHierarchyMember2020-12-310001835059ifrs-full:AtFairValueMemberarvl:WarrantMemberifrs-full:Level3OfFairValueHierarchyMember2021-01-012021-12-310001835059ifrs-full:AtFairValueMemberarvl:WarrantMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-3100018350592021-11-192021-12-310001835059arvl:ResearchAndDevelopmentExpenditureCreditMember2021-12-310001835059arvl:ResearchAndDevelopmentExpenditureCreditMember2020-12-310001835059arvl:DeferredTaxAssetTaxLossesMember2021-12-310001835059arvl:DeferredTaxAssetTaxLossesMember2020-12-310001835059arvl:DeferredTaxAssetOtherMember2021-12-310001835059arvl:DeferredTaxAssetOtherMember2020-12-310001835059arvl:DeferredTaxLiabilitiesTangibleAndIntangibleFixedAssetsMember2021-12-310001835059arvl:DeferredTaxLiabilitiesTangibleAndIntangibleFixedAssetsMember2020-12-310001835059ifrs-full:UnusedTaxLossesMember2021-01-012021-12-310001835059ifrs-full:UnusedTaxLossesMember2020-01-012020-12-310001835059arvl:ShareOptionsMember2021-01-012021-12-310001835059arvl:ShareOptionsMember2020-01-012020-12-310001835059arvl:TangibleAndIntangibleFixedAssetsMember2021-01-012021-12-310001835059arvl:TangibleAndIntangibleFixedAssetsMember2020-01-012020-12-310001835059ifrs-full:OtherTemporaryDifferencesMember2021-01-012021-12-310001835059ifrs-full:OtherTemporaryDifferencesMember2020-01-012020-12-310001835059ifrs-full:UnusedTaxLossesMember2021-12-310001835059ifrs-full:UnusedTaxLossesMember2020-12-310001835059ifrs-full:UnusedTaxLossesMember2019-12-310001835059ifrs-full:UnusedTaxLossesMember2019-01-012019-12-310001835059arvl:SubjectToExpirationMember2021-12-310001835059arvl:SubjectToExpirationMember2020-12-310001835059arvl:SubjectToExpirationMember2019-12-310001835059arvl:TaxLossesDueInfinitePeriodMember2021-12-310001835059arvl:TaxLossesDueInfinitePeriodMember2020-12-310001835059arvl:TaxLossesDueInfinitePeriodMember2019-12-310001835059ifrs-full:TradeReceivablesMember2021-12-310001835059arvl:EmployeeLoansMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310001835059ifrs-full:AtFairValueMemberifrs-full:Level3OfFairValueHierarchyMemberarvl:EmployeeLoansMember2021-12-310001835059ifrs-full:Level1OfFairValueHierarchyMemberarvl:CashAndCashEquivalentsMember2021-12-310001835059arvl:TradeAndOtherPayablesMember2021-12-310001835059ifrs-full:LeaseLiabilitiesMember2021-12-310001835059arvl:ConvertibleNotesMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310001835059ifrs-full:AtFairValueMemberarvl:ConvertibleNotesMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310001835059ifrs-full:AtFairValueMemberifrs-full:Level3OfFairValueHierarchyMemberarvl:EmbeddedDerivativeMember2021-12-310001835059arvl:WarrantMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310001835059ifrs-full:AtFairValueMemberarvl:WarrantMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310001835059arvl:Level1And3OfFairValueHierarchyMember2021-12-310001835059ifrs-full:Level3OfFairValueHierarchyMember2021-12-310001835059ifrs-full:AtFairValueMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310001835059ifrs-full:TradeReceivablesMember2020-12-310001835059arvl:EmployeeLoansMemberifrs-full:Level3OfFairValueHierarchyMember2020-12-310001835059ifrs-full:AtFairValueMemberifrs-full:Level3OfFairValueHierarchyMemberarvl:EmployeeLoansMember2020-12-310001835059ifrs-full:Level1OfFairValueHierarchyMemberarvl:CashAndCashEquivalentsMember2020-12-310001835059arvl:TradeAndOtherPayablesMember2020-12-310001835059ifrs-full:LeaseLiabilitiesMember2020-12-310001835059arvl:Level1And3OfFairValueHierarchyMember2020-12-310001835059ifrs-full:Level3OfFairValueHierarchyMember2020-12-310001835059arvl:RSPMemberarvl:FirstAnniversaryOfTheParticipantStartDateMember2020-10-082020-10-080001835059arvl:RSPMemberarvl:ProductionRateMilestoneMember2020-10-082020-10-080001835059arvl:ContributionMileStoneMemberarvl:RSPMember2020-10-082020-10-080001835059arvl:SOPSchemeMember2020-10-262020-10-260001835059arvl:SOPSchemeMemberarvl:FirstAnniversaryOfTheParticipantStartDateMember2020-10-262020-10-260001835059arvl:SOPSchemeMemberarvl:ProductionRateMilestoneMember2020-10-262020-10-260001835059arvl:ContributionMileStoneMemberarvl:SOPSchemeMember2020-10-262020-10-260001835059arvl:SOPSchemeMember2021-08-312021-08-310001835059arvl:SOPSchemeMember2021-01-012021-12-310001835059arvl:SOPSchemeMember2020-01-012020-12-310001835059arvl:SOPSchemeMembersrt:MinimumMember2021-01-012021-12-310001835059arvl:SOPSchemeMembersrt:MaximumMember2021-01-012021-12-310001835059arvl:SOPSchemeMember2021-08-012021-08-310001835059arvl:ShareOptionPlanMember2020-12-310001835059arvl:ShareOptionPlanMember2019-12-310001835059arvl:ShareOptionPlanMember2021-01-012021-12-310001835059arvl:ShareOptionPlanMember2020-01-012020-12-310001835059arvl:ShareOptionPlanMember2021-12-310001835059arvl:SOPSchemeMember2020-12-310001835059arvl:InitialPublicOfferingMember2020-10-022020-10-020001835059arvl:DelayedExitMember2020-10-022020-10-020001835059arvl:TimeVestingSOPMemberarvl:PreModificationMember2021-08-272021-08-270001835059arvl:PreModificationMemberarvl:ProductionMilestoneMember2021-08-272021-08-270001835059arvl:ContributionMileStoneMemberarvl:PreModificationMember2021-08-272021-08-270001835059arvl:TimeVestingSOPMemberarvl:PostModificationMember2021-08-272021-08-270001835059arvl:ProductionMilestoneMemberarvl:PostModificationMember2021-08-272021-08-270001835059arvl:ContributionMileStoneMemberarvl:PostModificationMember2021-08-272021-08-270001835059arvl:TimeVestingSOPMemberarvl:PreModificationMember2021-08-27iso4217:EURiso4217:USD0001835059arvl:PreModificationMemberarvl:ProductionMilestoneMember2021-08-270001835059arvl:ContributionMileStoneMemberarvl:PreModificationMember2021-08-270001835059arvl:TimeVestingSOPMemberarvl:PreModificationMembercountry:US2021-08-272021-08-270001835059arvl:PreModificationMemberarvl:ProductionMilestoneMembercountry:US2021-08-272021-08-270001835059arvl:ContributionMileStoneMemberarvl:PreModificationMembercountry:US2021-08-272021-08-270001835059arvl:TimeVestingSOPMemberarvl:PostModificationMembercountry:US2021-08-272021-08-270001835059arvl:ProductionMilestoneMemberarvl:PostModificationMembercountry:US2021-08-272021-08-270001835059arvl:ContributionMileStoneMemberarvl:PostModificationMembercountry:US2021-08-272021-08-270001835059arvl:TimeVestingSOPMemberarvl:PreModificationMembercountry:DE2021-08-272021-08-270001835059arvl:PreModificationMemberarvl:ProductionMilestoneMembercountry:DE2021-08-272021-08-270001835059arvl:ContributionMileStoneMemberarvl:PreModificationMembercountry:DE2021-08-272021-08-270001835059arvl:TimeVestingSOPMemberarvl:PostModificationMembercountry:DE2021-08-272021-08-270001835059arvl:ProductionMilestoneMemberarvl:PostModificationMembercountry:DE2021-08-272021-08-270001835059arvl:ContributionMileStoneMemberarvl:PostModificationMembercountry:DE2021-08-272021-08-270001835059arvl:RestrictedShareUnitsRSUMember2021-01-012021-12-310001835059arvl:KCybernationSRlMember2021-01-012021-12-310001835059arvl:KCybernationSRlMember2020-01-012020-12-310001835059arvl:KCybernationSRlMember2019-01-012019-12-310001835059arvl:KCybernationSRlMember2021-12-310001835059arvl:KCybernationSRlMember2020-12-310001835059arvl:KRobolifeSarlMember2021-01-012021-12-310001835059arvl:KRobolifeSarlMember2020-01-012020-12-310001835059arvl:KRobolifeSarlMember2019-01-012019-12-310001835059arvl:KRobolifeSarlMember2021-12-310001835059arvl:KRobolifeSarlMember2020-12-310001835059arvl:RemyRoboticsLlcMember2021-01-012021-12-310001835059arvl:RemyRoboticsLlcMember2020-01-012020-12-310001835059arvl:RemyRoboticsLlcMember2019-01-012019-12-310001835059arvl:RemyRoboticsLlcMember2021-12-310001835059arvl:RemyRoboticsLlcMember2020-12-310001835059arvl:HyundaiKiaMember2021-01-012021-12-310001835059arvl:HyundaiKiaMember2020-01-012020-12-310001835059arvl:HyundaiKiaMember2019-01-012019-12-310001835059arvl:HyundaiKiaMember2021-12-310001835059arvl:HyundaiKiaMember2020-12-310001835059arvl:HyundaiMobisMember2021-01-012021-12-310001835059arvl:HyundaiMobisMember2020-01-012020-12-310001835059arvl:HyundaiMobisMember2019-01-012019-12-310001835059arvl:HyundaiMobisMember2021-12-310001835059arvl:HyundaiMobisMember2020-12-310001835059arvl:ChargeCarsLtdMember2021-01-012021-12-310001835059arvl:ChargeCarsLtdMember2020-01-012020-12-310001835059arvl:ChargeCarsLtdMember2019-01-012019-12-310001835059arvl:ChargeCarsLtdMember2021-12-310001835059arvl:ChargeCarsLtdMember2020-12-310001835059arvl:KinetikSarlMember2021-01-012021-12-310001835059arvl:KinetikSarlMember2020-01-012020-12-310001835059arvl:KinetikSarlMember2019-01-012019-12-310001835059arvl:KinetikSarlMember2021-12-310001835059arvl:KinetikSarlMember2020-12-310001835059arvl:KinetikMember2020-01-012020-12-310001835059ifrs-full:KeyManagementPersonnelOfEntityOrParentMember2021-01-012021-12-310001835059ifrs-full:KeyManagementPersonnelOfEntityOrParentMember2020-01-012020-12-310001835059ifrs-full:KeyManagementPersonnelOfEntityOrParentMember2019-01-012019-12-310001835059arvl:TimHolbrowMember2020-12-310001835059arvl:AvinashRugooburMember2020-12-310001835059arvl:MikeAblesonMember2020-12-310001835059arvl:DanielChinMember2020-12-310001835059ifrs-full:CapitalisedDevelopmentExpenditureMember2021-01-012021-12-310001835059ifrs-full:CapitalisedDevelopmentExpenditureMember2020-01-012020-12-310001835059ifrs-full:CapitalisedDevelopmentExpenditureMember2019-01-012019-12-310001835059arvl:CommitmentsForIntangibleAssetsMember2021-12-310001835059arvl:CommitmentsForIntangibleAssetsMember2020-12-310001835059arvl:RestrictedShareUnitsRSUMember2022-01-242022-01-240001835059arvl:PeriodOneMemberarvl:RestrictedShareUnitsRSUMember2022-01-242022-01-240001835059arvl:ProductionRateMilestoneMemberarvl:RestrictedShareUnitsRSUMember2022-01-242022-01-240001835059arvl:ContributionMileStoneMemberarvl:RestrictedShareUnitsRSUMember2022-01-242022-01-24

__________________

Exhibit No.						Description
23.1						Consent of KPMG
99.1						Financial results for the three years ended December 31, 2021 retrospectively recast as a result of the Issuer’s change in reporting currency from “Euros” to “U.S. dollars”.
99.2						Operating and Financial Review and Prospects
101.INS						XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCH						INLINE XBRL Taxonomy Extension Schema Document.
101.DEF						INLINE XBRL Taxonomy Extension Calculation Linkbase Document.
101.CAL						INLINE XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB						INLINE XBRL Taxonomy Extension Label Linkbase Document.
101.PRE						INLINE XBRL Taxonomy Extension Presentation Linkbase Document.
104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

August 12, 2022			ARRIVAL
			By:			/s/ John Wozniak
			Name:			John Wozniak
			Title:			Chief Financial Officer

/s/ KPMG LLP

The following discussion and analysis provides information which Arrival’s management believes is relevant to an assessment and understanding of Arrival’s results of operations and financial condition. Some of the information contained in this discussion and analysis or set forth elsewhere in this annual report, including information with respect to Arrival’s plans and strategy for its business and related financing, includes forward-looking statements that involve risks and uncertainties. As a result of many factors, including those factors set forth in “Item 3.D. Risk Factors” of our previously filed annual report, Arrival’s actual results could differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis. This discussion should be read in conjunction with Arrival’s audited historical consolidated financial statements and other financial information included elsewhere in this annual report.

Arrival was founded with a mission to transform the design, assembly and distribution of commercial EVs and accelerate the mass adoption of EVs globally. Founded in 2015, and now with over 2,600 employees, Arrival develops technologies and products that create a new approach to the design and assembly of EVs. Arrival believes its in-house developed components, materials, software and robotic technologies, when combined with its low cost and scalable microfactories, will enable it to produce EVs that are tailored to the needs of local markets with an attractive TCO to its customers.

The Arrival Van is designed for commercial use by large fleet owners particularly in the transportation, e-commerce and logistics industries with an estimated total addressable market of approximately $280 billion. The expected start of production for the Arrival Van is the third quarter of 2022. In 2020, Arrival finalized an investment and signed a vehicle sales agreement with UPS, which included an initial order of 10,000 electric vans EVs with an option to purchase an additional 10,000 electric vans, subject to modifications or cancellation at any time. This agreement has a total aggregate order value of up to $1.2 billion (€1.0 billion) in revenue (including the option) and may be canceled or modified by UPS at any time. In July 2021, Arrival and LeasePlan, one of the world’s leading “car-as-a-service” companies, entered into an agreement pursuant to which LeasePlan will be the preferred operational leasing partner for Arrival Vans. Additionally, Arrival and LeasePlan entered into a vehicle sales agreement in September 2021, pursuant to which Arrival agreed to provide LeasePlan with priority to purchase an initial amount of 3,000 vans and LeasePlan agreed on a best efforts basis to purchase such vans. In July 2021, Arrival partnered with ATN to produce Arrival Buses in connection with a $2.0 million grant ATN received from the FTA.

The Arrival Bus is designed for use by public and private transit operators, with an estimated total addressable market of approximately $154 billion. Arrival has entered into non-binding orders, letters of intent and memorandums of understanding with potential customers to purchase Arrival Buses, which are expected to start production in the second half of 2022.

Production of saleable Arrival Buses is expected to start in the UK in the second half of 2022 to meet local demand with Rock Hill production starting at a later date. Arrival’s Bicester, U.K. microfactory is expected to start production of Arrival Vans in the third quarter of 2022. Charlotte, North Carolina, USA is expected to start production of Arrival Vans in the fourth quarter of 2022.

•Bicester, is Arrival’s lab microfactory where it has prioritized being on time for the start of production of the Arrival Van. As a result, Arrival expects total capital expenditure at Bicester, to be approximately $75 million, through 2022.

•From the learnings gained at Bicester, Arrival expects total capital expenditure at Charlotte, to be lower than at Bicester, with continued reductions in capital expenditure per microfactory as it scales beyond the initial microfactories.

•In order to reduce risks relating to the start of production and enable Arrival to scale, it is incurring additional costs, including: (i) a decision to assemble battery modules and bring logistics in-house, which is adding capital expenditure and operating expenditure; (ii) pre-payments to LG Energy Systems (as assignee LG Chem) to secure battery cell line capacity for the next few years; and (iii) higher selling, general and administrative expenses as it scales sales, finance and legal.

•In addition, Arrival is experiencing industry-wide increases in the expected cost of raw materials including aluminium and petrochemicals.

•Arrival also expects higher working capital in its first factories to ensure it has the necessary components and parts to start production of its vehicles.

Arrival is a pre-revenue company and believes that its performance and future success depends on several factors that present significant opportunities for it but also pose risks and challenges, including those discussed below and in the section of this annual report entitled “Item 3D Risk Factors.”

Arrival has announced five vehicle programs: the Arrival Bus, Bus for emerging markets, Arrival Van, Large Van and Arrival Car. Arrival expects to be building saleable Arrival Buses in the UK in the second half of 2022 and expects these buses will be used in additional customer trials in 2022. The company continues to expect Arrival Van production to begin in Bicester, in the third quarter of 2022 and Charlotte in the fourth quarter of 2022 and expects to produce and sell 400 to 600 Vans this year as it ramps production in these two microfactories.

•Prototype Arrival Vans have been built and are being tested.

•Arrival completed the first assembly of an Arrival Van skateboard structure robotically in a microfactory technology cell using its proprietary AMRs marking a significant step towards start of production.

•First two Bus milestones of Trial Bus production and Bus Proving Ground trials achieved.

•Arrival has installed and is running production equipment to manufacture the battery modules used on both the Arrival Bus and Arrival Van.

•Arrival has installed and is running production equipment to manufacture composite panels at its Bicester microfactory.

Arrival’s team of over 2,600 employees, including engineers, scientists, technicians and staff, is committed to achieving the milestones to meet its current production and commercialization timelines to enable the Company to achieve its expected production dates. For example, Arrival expects to complete bus product validation and van product validation in the first half of 2022. Validation is a process by which compliance with all regulatory and performance requirements is demonstrated through testing of physical prototypes. Validation is the final step before a vehicle is certified for sale. These milestones are critical to Arrival’s development timelines, though may be subject to unanticipated delays outside of the Company’s control such as the ability to obtain sufficient capital to support production.

Arrival currently has an order from UPS for its Arrival Van for 10,000 vehicles with an option to purchase an additional 10,000 Arrival Vans, subject to amendment and cancellation by UPS. The total aggregate value of this order is approximately $1.2 billion (€1.0 billion) in revenue (including the option). Arrival has also received non-binding orders, letters of interest and /or memorandums of understanding from several other customers expressing interest in the Arrival Van and Arrival Bus, with total orders, letters of interest or memorandums of understanding of approximately 134,000 vehicles as of March 2, 2022, including the 10,000 vehicle order and 10,000 vehicle option from UPS. Although all orders, letters of interest and/or memorandums of understanding are non-binding and subject to cancellation or modification at any time, Arrival believes they demonstrate demand that will potentially lead to binding orders once the Company begins production of the Arrival Bus and Arrival Van and potential customers are able to see first-hand the performance and value of these vehicles. In July 2021, Arrival and LeasePlan, one of the world’s leading “car-as-a-service” companies, entered into an agreement pursuant to which LeasePlan will be the preferred operational leasing partner for Arrival Vans. Additionally, Arrival and LeasePlan entered into a vehicle sales agreement in September 2021, pursuant to which Arrival agreed to provide LeasePlan with priority to purchase an initial amount of 3,000 Arrival Vans and LeasePlan agreed on a best efforts basis to purchase such vans. In July 2021, Arrival partnered with ATN to produce Arrival Buses in connection with a $2.0 million grant ATN received from the FTA.

			Year ended December 31
In thousands of USD			2021						2020a
(Loss) for the year/period			(1,304,381)						(95,447)
Interest (income)/expense, nete			141						2,500
Tax (income)/expense			7,515						(20,421)
Depreciation and amortization			24,337						11,071
EBITDA			(1,272,388)						(102,297)
Impairment losses and write-offs			39,378						456
Share option expense			2,668						10,697
Listing expense			1,168,515						—
Change in fair value of warrants including intrinsic value of warrants redeemed and outstanding			(122,299)						—
Fair value movement of embedded derivativec			(35,448)						—
Fair value movement on employee loans including fair value charge for the new employee loans provided as of September 30, 2021d			6,038						—
Reversal of difference between fair value and nominal value of loans that got repaid/settledf			(1,906)						—
Foreign exchange (gain)/loss, net			(2,328)						663
Transaction bonusesb			14,900						—
Adjusted EBITDA			(202,870)						(90,481)

In thousands of USD						For the Year Ended December 31,
						2021						2020						Changes						% Changes
Revenue						—						—						—						—
Cost of Revenue						—						—						—						—
Gross Profit						—						—						—						—
Administrative Expenses						(171,030)						(86,178)						(84,852)						98.5		%
Research and Development Expenses						(57,080)						(20,585)						(36,495)						177.3		%
Impairment Expense						(24,514)						(449)						(24,065)						*
Listing expense						(1,188,335)						—						(1,188,335)						*
Other Income						1,830						2,709						(879)						(32.4)		%
Other Expenses						—						(7,861)						7,861						(100.0)		%
Operating Loss						(1,439,129)						(112,364)						(1,326,765)						*
Finance Income						174,801						3,100						171,701						5538.7		%
Finance Expense						(32,538)						(6,604)						(25,934)						392.7		%
Net Finance Income/(Expense)						142,263						(3,504)						145,767						(4160.0)		%
Loss Before Tax						(1,296,866)						(115,868)						(1,180,998)						*
Tax (expense)/income						(7,515)						20,421						(27,936)						(136.8)		%
Loss for the Year						(1,304,381)						(95,447)						(1,208,934)						*
* The percentage increase from 2020 is not included as variance is not comparable to the prior year

value change of the Convertible Notes which amounted to $33.9 million as well as the increase in the interest receivable on RSP loans which amounted to $9.8 million for the year ended December 31, 2021. The increase in Finance Income was partially set-off by the increase in Finance Cost due to the impairment of the employee loans $13.1 million, the loss on refinancing of RSP loans of $4.3 million and the increase on interest on leases which amounted to $4.4 million for the year ended December 31, 2021.

in thousands of USD						Payments Due by Period
						Total						Less than 1 Year						1-5 Years						More than 5 Years
Contractual Obligations
Operating Lease Obligations						259,883						24,074						89,284						146,525
Convertible notes						376,248						11,448						364,800						—
Total						636,131						35,522						454,084						146,525

On November 23, 2021, Arrival issued convertible notes to qualified institutional investors. As per the terms and conditions of the convertible notes agreement the convention rights of the holders are:

–Holders may convert all or any portion of their notes, in multiples of $1,000 principal amount. On or after 1 June 2026 until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their notes, in multiples of $1,000 principal amount, at the option of the holder.

–At any time prior to the close of business on the business day immediately preceding 1 June 2026 under one of the following circumstances:

a.conversion upon satisfaction of sale price of ordinary shares condition: during any calendar quarter commencing after the calendar quarter ending on March 31, 2022 (and only during such calendar quarter), if the last reported sale price of the ordinary shares for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day;

b.conversion upon satisfaction of trading price condition of convertible notes: during the five business day period after any five consecutive trading day period in which the trading price of the notes (as defined1 in the Preliminary Offering Memorandum) was less than 98% of the product of the last reported sale price of Arrival ordinary shares and the conversion rate on each such trading day.

c.conversion upon Arrival’s notice of redemption: Holders may convert all or any portion of their notes at any time prior to the close of business on the scheduled trading day prior to the redemption date, even if the notes are not otherwise convertible at such time. After that time, the right to convert such notes on account of our delivery of such notice of redemption will expire, unless we default in the payment of the redemption price, in which case a holder of notes may convert all or any portion of its notes until the redemption price has been paid or duly provided for.

d.conversion upon the occurrence of specified corporate events: Corporate events are defined as certain distributions under ordinary shares and fundamental change events like change of beneficial owner; sale, lease or transfer of all or substantially all of the consolidated assets and subsidiaries; liquidation or dissolution of the Company,

in thousands of USD						For the Year Ended December 31,
						2021						2020
Net cash used in operating activities						(273,008)						(88,691)
Net cash used in investing activities						(312,584)						(122,463)
Net cash generated from financing activities						1,405,209						180,838
Net increase/(decrease) in cash and cash equivalents						819,617						(30,316)

On November 23, 2021, Arrival issued USD320.0 million in aggregate principal amount of green convertible senior notes due 2026. The Convertible Notes Offering generated aggregate net proceeds of $309.6 million, after deducting the initial purchasers’ discount and offering expenses.

–Holders may convert all or any portion of their notes, in multiples of $1,000 principal amount. On or after 1 June 2026 until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their notes, in multiples of $1,000 principal amount, at the option of the holder.

–At any time prior to the close of business on the business day immediately preceding 1 June 2026 under one of the following circumstances:

a.conversion upon satisfaction of sale price of ordinary shares condition: during any calendar quarter commencing after the calendar quarter ending on March 31, 2022 (and only during such calendar quarter), if the last reported sale price of the ordinary shares for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day;

b.conversion upon satisfaction of trading price condition of convertible notes: during the five business day period after any five consecutive trading day period in which the trading price of the notes (as defined1 in the Preliminary Offering Memorandum) was less than 98% of the product of the last reported sale price of Arrival ordinary shares and the conversion rate on each such trading day.

c.conversion upon Arrival’s notice of redemption: Holders may convert all or any portion of their notes at any time prior to the close of business on the scheduled trading day prior to the redemption date, even if the notes are not otherwise convertible at such time. After that time, the right to convert such notes on account of our delivery of such notice of redemption will expire, unless we default in the payment of the redemption price, in which case a holder of notes may convert all or any portion of its notes until the redemption price has been paid or duly provided for.

d.conversion upon the occurrence of specified corporate events: Corporate events are defined as certain distributions under ordinary shares and fundamental change events like change of beneficial owner; sale, lease or transfer of all or substantially all of the consolidated assets and subsidiaries; liquidation or dissolution of the Company,

For more information, see Item 4: Information on the Company.

			Page
Report of independent registered public accounting firm KPMG LLP (Auditor ID 1118)			F-1
Consolidated statement of profit or (loss) and other comprehensive (loss)/income			F-4
Consolidated statement of financial position			F-5
Consolidated statement of changes in equity			F-6
Consolidated statement of cash flows			F-8
Notes to the consolidated financial statements			F-10 - F-74

•We applied auditor judgment to determine the nature and extent of audit procedures to be

•For a sample of materials and services costs capitalised we evaluated if those costs fulfil the

•To evaluate the technical feasibility of the projects capitalised we assessed the status and progression of the integrated technology and prototypes through discussion with management and the project managers and the nature of the design and engineering activities by inspecting internal and external supporting information.

•We agreed a sample of employee costs to the underlying payroll records and made inquiries of the project managers to determine that the employees’ time was directly attributable to the specific project where the costs have been allocated.

•We evaluated the ability to generate future economic benefits from the intangible assets by inspecting the Company’s business plan, industry reports, cash flow projections including revenue projections, and minutes of the meetings of the board of directors.

•We evaluated the sufficiency of audit evidence obtained by assessing the results of procedures performed including the appropriateness of the nature and extent of such evidence and related audit procedures.

In thousands of USD			Note						December 31, 2021						December 31, 2020						December 31, 2019
Continuing Operations
Administrative expenses			20C						(171,030)						(86,178)						(35,142)
Research and development expenses			20C						(57,080)						(20,585)						(12,481)
Impairment expense			20C						(24,514)						(449)						(5,566)
Listing expense			22						(1,188,335)						—						—
Other income			20A						1,830						2,709						2,892
Other expenses			20B						—						(7,861)						(7,736)
Operating loss									(1,439,129)						(112,364)						(58,033)
Finance income			21						174,801						3,100						57
Finance cost			21						(32,538)						(6,604)						(3,622)
Net finance income/(expense)									142,263						(3,504)						(3,565)
Loss before tax									(1,296,866)						(115,868)						(61,598)
Tax (expense)/income			17A						(7,515)						20,421						7,757
Loss for the year									(1,304,381)						(95,447)						(53,841)
Attributable to:
Owners of the Company									(1,304,381)						(95,447)						(53,841)
Earnings per share			14
Basic and diluted earnings per share									(2.26)						(0.18)						(0.11)

In thousands of USD			Note						December 31, 2021						December 31, 2020						December 31, 2019
Loss for the year									(1,304,381)						(95,447)						(53,841)
Items that may be reclassified subsequently to the consolidated statement of profit or (loss)
Exchange differences on translating foreign operations			13B						257,096						16,490						572
Total other comprehensive (loss)/income									257,096						16,490						572
Total comprehensive loss for the year									(1,047,285)						(78,957)						(53,269)
Attributable to:
Owners of the Company									(1,047,285)						(78,957)						(53,269)

In thousands of USD			Note						December 31, 2021						December 31, 2020
ASSETS
Non-Current Assets
Property, plant and equipment			6						271,607						138,317
Intangible assets and goodwill			7						414,674						210,723
Deferred tax asset			17B						2,171						1,392
Prepayments			10						23,384						—
Trade and other receivables			9A						40,916						13,235
Total Non-Current Assets									752,752						363,667
Current Assets
Inventory			11						22,977						14,504
Loans to executives			24						—						5,207
Trade and other receivables			9B						45,312						63,104
Prepayments			10						48,118						23,262
Cash and cash equivalents			12						900,606						82,314
Total Current Assets									1,017,013						188,391
TOTAL ASSETS									1,769,765						552,058
EQUITY AND LIABILITIES
Capital and reserves
Share capital			13A						74,046						274,126
Share premium			13A						5,844,397						331,718
Other reserves			13B						(3,095,804)						79,888
Accumulated deficit									(1,597,061)						(292,680)
Total Equity									1,225,578						393,052
Non-Current Liabilities
Deferred tax liability			17B						7,465						3,375
Warrants			16						3,611						—
Loans and borrowings			15						451,525						107,870
Total Non-Current Liabilities									462,601						111,245
Current Liabilities
Current tax liabilities									358						615
Loans and borrowings			15						14,258						5,221
Trade and other payables			18						66,970						41,925
Total Current Liabilities									81,586						47,761
TOTAL EQUITY AND LIABILITIES									1,769,765						552,058

In thousands of USD			Note						Share capital						Share premium						Accumulated deficit						Other reserves*						Total equity
Balance at January 1, 2021									274,126						331,718						(292,680)						79,888						393,052
Loss for the year									—						—						(1,304,381)						—						(1,304,381)
Other comprehensive income									—						—						—						(18,573)						(18,573)
									274,126						331,718						(1,597,061)						61,315						(929,902)
Transactions with shareholders
Issuance of share capital as consideration for the merger with CIIG			13vii						8,543						711,625						—						870,922						1,591,090
Adjustment of shareholding transferred from Arrival Luxembourg S.à r.l. to Arrival			13v, 13vi						(211,064)						4,602,685						—						(4,391,621)						—
Issuance of ordinary shares, net of transaction cost			13ix						4,199						331,437						—						—						335,636
Initial share capital of Arrival			13iv						35						—						—						—						35
Reduction of capital of Arrival			13iv						(35)						—						—						35						—
Exercise of warrants into shares			13viii/16						1,694						139,149						—						82,424						223,267
Equity-settled share-based payments			23						—						—						—						5,189						5,189
Acquisition of treasury shares									—						—						—						(1,203)						(1,203)
Allocation of treasure shares to employees									—						—						—						1,466						1,466
Impact from conversion of share capital from EUR to USD									(3,452)						(272,217)						—						275,669						—
Balance at December 31, 2021									74,046						5,844,397						(1,597,061)						(3,095,804)						1,225,578
Balance at Balance at January 1, 2020									260,297						156,903						(196,391)						3,023						223,832
Loss for the year									—						—						(95,447)						—						(95,447)
Other comprehensive income									—						—						—						16,490						16,490
									260,297						156,903						(291,838)						19,513						144,875
Transactions with shareholders
Capital increase			13xiii						13,829						174,815						—						—						188,644
Restrictive Share Plan to employees			13B, 9A						—						—						—						31,990						31,990
Equity-settled share-based payments			23						—						—						—						28,385						28,385
Business combination under common control									—						—						(842)						—						(842)
Balance at 31 December 2020									274,126						331,718						(292,680)						79,888						393,052

In thousands of USD			Note						Share capital						Share premium						Accumulated deficit						Other reserves*						Total equity
Unadjusted balance at January 1, 2019									20						138,054						(78,435)						2,451						62,090
Changes in accounting policy to reflect IFRS 16									—						—						(502)						—						(502)
Balance at January 1, 2019									20						138,054						(78,937)						2,451						61,588
Loss for the year									—						—						(53,841)						—						(53,841)
Other comprehensive income									—						—						—						572						572
									20						138,054						(132,778)						3,023						8,319
Transactions with shareholders
Capital increase			13xiii						8,206						270,920						—						—						279,126
Conversion of share premium to share capital			13xii						252,071						(252,071)						—						—						—
Business combination under common control									—						—						(63,613)						—						(63,613)
Balance at 31 December 2019									260,297						156,903						(196,391)						3,023						223,832

*Other reserves comprise of foreign currency translation, share base payments reserves relating to Arrival Share Option Plan 2020 (“SOP”), Restricted Share Plan (“RSP”) and Restricted Stock Unit (“RSU”) and equity reserves which are not distributable (see note 13B).

In thousands of USD			Note						December 31, 2021						December 31, 2020						December 31, 2019
Cash flows used in operating activities
Loss for the year									(1,304,381)						(95,447)						(53,841)
Adjustments for:
Depreciation/Amortization			6, 7, 20						24,337						11,071						5,340
Impairment losses and write -offs			6,7,9,11,20,21						39,378						456						5,566
Net unrealized foreign exchange differences									(4,628)						47						118
Net finance expense			21						(3)						2,500						2,826
Change in fair value of warrants									(122,299)						—						—
Listing expense									1,168,515						—						—
Change in fair value of embedded derivative									(33,900)						—						—
Fair value movement on employee loans including fair value charge for the new employee loans issued on September 30, 2021									6,038						—						—
Reversal of difference between fair value and nominal value of loans repaid									(1,906)						—						—
Employee share scheme			20C, 23						2,668						10,697						—
Profit on disposal of fixed assets									462						—						(607)
Profit from the modification of lease			20A						(1,298)						(1,189)						(72)
Deferred taxes			17						3,277						1,859						(73)
Tax income			17						4,238						(22,278)						(7,684)
Cash flows used in operations before working capital changes									(219,502)						(92,284)						(48,427)
(Increase) in trade and other receivables									(76,964)						(5,213)						(5,377)
Increase in trade and other payables									28,149						11,167						10,430
(Increase) of inventory									(12,345)						(7,100)						(3,821)
Cash flows used in operations									(280,662)						(93,430)						(47,195)
Income tax and other taxes received									7,548						4,712						7,806
Interest received									106						27						57
Net cash used in operating activities									(273,008)						(88,691)						(39,332)
Cash flows from investing activities
Acquisition of intangible assets			7						(213,745)						(92,585)						(43,081)
Acquisition of property, plant and equipment			6						(77,523)						(11,339)						(6,777)
Grants received									334						1,224						945
Prepayments for tangible and intangible assets									(21,952)						(19,900)						(5,199)
Cash received on acquisition of entities, net of consideration paid			8						—						130						544
Proceeds from the sale of fixed assets									327						7						—
Loans granted to employees									(186)						—						—
Proceeds from loans to employees									161						—						(549)
Net cash used in investing activities									(312,584)						(122,463)						(54,117)

In thousands of USD			Note						December 31, 2021						December 31, 2020						31 December, 2019
															*Restated						*Restated
Cash flows from financing activities
Cash received from merger with CIIG									631,297						—						—
Issuance of shares to warrant holders			16						140,599						—						—
Cash paid for redemption of public warrants									(7)						—						—
Proceed from the issuance of new shares			13						335,636						—						—
Proceeds from the issuance of convertible notes net of cost			15						309,550						—						—
Issuance of Preferred A shares			13						—						188,576						111,900
Proceeds from exercise of employee share option plan									1,383						—						—
Contribution of Kinetik to the share premium of the Company without the issuance of any shares			13						—						—						91,560
Proceeds from borrowings			15						—						14,182						—
Repayment of borrowings			15						—						(14,182)						—
Repayment of interest									(322)						(59)						—
Repayment of lease liabilities			15						(12,927)						(7,679)						(3,680)
Net cash from financing activities									1,405,209						180,838						199,780
Net increase/(decrease) in cash and cash equivalents									819,617						(30,316)						106,331
Cash and cash equivalents at January 1			12						82,314						108,575						1,206
Effects of movements in exchange rates on cash held									(1,325)						4,055						1,038
Cash and cash equivalents at December 31									900,606						82,314						108,575

Arrival is a company with an extremely limited operating history, it has incurred losses in the operation of its business related to research and development activities since its inception and has generated no revenue to date. As Arrival attempts to transition from research and development activities to commercial production and sales, it is difficult to forecast Arrival’s future cashflows. The estimated costs and timelines that Arrival has developed to reach full scale commercial production are subject to inherent risks and uncertainties involved in the transition from a start-up company focused on research and development activities to the large-scale manufacture and sale of vehicles. There can be no assurance that Arrival’s estimates related to the costs and timing necessary to complete design and engineering of its EVs and to tool its microfactories will prove accurate. For example, the tooling required within Arrival’s microfactories may be more expensive to produce than predicted, or have a shorter lifespan, resulting in additional replacement and maintenance costs, particularly relating to composite panel tooling, which could impact on Arrival’s results of operations and financial condition. Similarly, Arrival may experience higher raw material waste in the composite process than it expects, resulting in higher operating costs and hampering its ability to be profitable.

Going concern (continued)

Whilst Arrival has sufficient funds to execute its near term business plan, including starting production in 2022 for its first two vehicles, Bus and Van. Management does plan to raise additional capital to execute its long-term business plans, including the deployment of additional microfactories and vehicle platforms. Arrival cannot be certain that additional funds will be available to it on favourable terms when required, or at all.

•assets and liabilities in non-US denominated currencies were translated into US dollars at the rate of exchange ruling at the relevant balance sheet date;

•non-US dollar income statements and cash flows were translated into US dollars at average rates of exchange for the relevant period;

•share capital, share premium and all other equity items were translated at the historical rates prevailing on the date of each relevant transaction;

•non-US dollar capital transactions including the listing expenses were translated into US dollars at the historical rates prevailing on the date of each relevant transaction; and

•the cumulative foreign exchange translation reserve has been restated on the basis that the Group has reported in US dollars since incorporation.

									Closing rate December 31												Average rate for the year ended December 31
Country			ISO Code						2021						2020						2021						2020
Europe			EUR						1.131610						1.227100						1.183269						1.147000

Effective date						New standards or amendments
January 1, 2021						IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 – Interest Rate Benchmark Reform – Phase 2

Effective date						New standards or amendments
January 1, 2022						Onerous Contracts – Cost of Fulfilling a Contract (Amendments to IAS 37)
January 1, 2022						Annual Improvements to IFRS Standards 2018-2020
January 1, 2022						Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16)
January 1, 2022						Reference to the Conceptual Framework (Amendments to IFRS 3)
January 1, 2023						IAS 1 – Classification of Liabilities as Current or Non-Current
January 1, 2023						Disclosure of Accounting Policy (Amendments to IAS 1 and IFRS Practice Statement 2)
January 1, 2023						Definition of Accounting Estimate (Amendments to IAS 8)
January 1, 2023						Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12)
Available for optional adoption/effective date deferred indefinitely						IFRS 10 and IAS 28 – Sale or Contribution of Assets between Investor and its Associate or Joint Venture

The Group			Country of registration						Participation in share capital												Principal activity and status
									2021						2020
									%						%
Arrival Ltd			UK						100						100						R&D
Arrival Robotics Ltd (previously named TRA Robotics Ltd)			UK						100						100						R&D

The Group			Country of registration						Participation in share capital												Principal activity and status
									2021						2020
									%						%
Arrival R Ltd (previously named Roborace Ltd)			UK						100						100						R&D
Arrival Jet Ltd			UK						100						100						R&D
Roborace Ltd			UK						100						100						R&D
Arrival Automotive UK Ltd			UK						100						100						Manufacturing
Arrival Solutions UK Ltd			UK						100						100						Services
Arrival Mobility Ltd			UK						100						100						Services
Arrival Vault UK Ltd			UK						100						100						Services
Arrival Elements B.V.			NL						100						100						Distributor
Arrival USA Inc (previously named Roborace Inc)			US						100						100						R&D
Arrival Automotive USA Inc			US						100						100						Manufacturing
Arrival Vault Inc (previously named ARSNL Merger Sub Inc)			US						100						—						Holding
Roborace Inc			US						100						100						R&D
Arrival Solutions USA Inc			US						100						100						Services
Arrival Automotive PTE Ltd			SGP						100						100						Acquisition and holding of participating interests
Arrival RUS LLC (previously named Arrival Software LLC)			RUS						100						100						R&D
Arrival Robotics LLC (previously named TRA Robotics LLC)			RUS						—						100						Disposed – July 5, 2021
Arrival Germany GmbH			GER						100						100						R&D
Arrival Automotive Germany GmbH			GER						100						100						Manufacturing
Arrival Solutions Germany GmbH (previously named Cybernation Germany GmbH)			GER						100						100						Services
Arrival Israel Ltd			IL						100						100						R&D
Arrival LT UAB			LT						100						100						R&D
Arrival (previously named Arrival Group S.A.)			LUX						—						100						Holding
Arrival Luxembourg S.à r.l			LUX						100						—						Holding
Arrival Automotive ES S.L.			ES						100						—						Manufacturing
Arrival Lab ES S.L.			ES						100						—						R&D
Arrival Automotive (Mauritius) Ltd			MUR						100						—						Manufacturing
Arrival International			MUR						100						—						Share service centre
Arrival Automotive EV Parts Procurement (Shanghai)			CNY						100						—						Manufacturing
Arrival Elements AU Pty Ltd			AUD						100						—						Distributor
Arrival Automotive AU Pty Ltd			AUD						100						—						Manufacturing
Arrival Automotive India Private Ltd			INR						100						—						Manufacturing
Arrival India Private Ltd			INR						100						—						R&D
Arrival Elements MX			MNX						100						—						Distributor

c)Transactions eliminated at consolidation

			Depreciation method						Depreciation Rate
Plant and machinery			Straight line						20		%
Factory equipment			Straight line						10		%
Furniture & Fittings			Straight line						20		%
Computer equipment			Straight line						33		%
Motor vehicles			Straight line						20		%

			Amortization method						Amortization Rate
Trademarks and Patents			Straight line						3-10 years
Software			Straight line						33.33% or over the period which any licenses cover

Financial Assets