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Resource Extraction Payment Report
Project-level disclosure
The table below sets forth our payments made to governments for the fiscal year ended September 30, 2023, by project and type of payment.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| For the year ended September 30, 2023 (U.S.$ thousand)(1) |
| Taxes | Royalties | Fees | Production
Entitlements | Bonuses | Dividends | Payments for
infrastructure
improvements | Community and social responsibility
payments | Total |
| United States | | | | | | | | | |
| Compass Minerals International, Inc. | 2,078 | (2) | — | | — | | — | | — | | — | | — | | — | | 2,078 | |
| Cote Blanche Island | — | | — | | — | | — | | — | | — | | — | | — | | — | |
| Lyons | — | | — | | — | | — | | — | | — | | — | | — | | — | |
| Ogden – SOP | — | | — | | — | | — | | — | | — | | — | | — | | — | |
| Ogden – Solar Salt | — | | — | | — | | — | | — | | — | | — | | — | | — | |
| Ogden – Magnesium Chloride | — | | — | | — | | — | | — | | — | | — | | — | | — | |
| Canada | | | | | | | | | |
| Compass Minerals Canada Corp. | 3,900 | (3) | — | | — | | — | | — | | — | | — | | — | | 3,900 | |
| Compass Minerals International, Inc. | 4,462 | (4) | — | | — | | — | | — | | — | | — | | — | | 4,462 | |
| Amherst | — | | — | | — | | — | | — | | — | | — | | — | | — | |
| Goderich Mine | 202 | (5) | — | | — | | — | | — | | — | | — | | — | | 202 | |
| Goderich Plant | 59 | (6) | — | | — | | — | | — | | — | | — | | — | | 59 | |
| Unity | 101 | (7) | 124 | | — | | — | | — | | — | | — | | — | | 225 | |
| United Kingdom | | | | | | | | | |
| Winsford | 4,229 | (8) | — | | — | | — | | — | | — | | — | | — | | 4,229 | |
| Total | 15,031 | | 124 | | — | | — | | — | | — | | — | | — | | 15,155 | |
(1)All payments are reported in U.S. dollars. Payments relating to projects in Canada were made in Canadian dollars and payments relating to the project in the United Kingdom were made in British pound sterling. Such payments made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rates as of September 30, 2023.
(2)Compass Minerals International, Inc. (the “Company”) files a consolidated income tax return in the U.S., which includes all U.S. entities including the projects listed. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the U.S. consolidated group level. The payments relate not to particular projects but to the consolidated U.S. income of the Company. The reported amount represents Federal income taxes of $7,084 thousand paid in fiscal year 2023 netted against an income tax refund of $5,006 thousand received in fiscal year 2023.
(3)Compass Minerals Canada Corp. files a consolidated income tax return. The Government of Canada levies corporate income taxes at the entity level rather than on a per-project basis. The reported amount represents $3,629 thousand of income taxes on entity-level profits paid to the Canada Revenue Agency and $271 thousand of provincial-level income taxes on entity-level profits paid to the Province of Quebec.
(4)Represents withholding taxes paid to the Canada Revenue Agency on behalf of the Company for dividends paid to the Company by its Canadian subsidiaries.
(5)Represents property taxes paid to the Town of Goderich attributable to Goderich Mine.
(6)Represents property taxes paid to the Town of Goderich attributable to Goderich Plant.
(7)Represents property taxes.
(8)Includes $3,831 thousand in income taxes and $398 thousand in property taxes.
Government-level disclosure
The table below sets forth our payments made to governments for the fiscal year ended September 30, 2023, by government and type of payment.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| For the year ended September 30, 2023 (U.S.$ thousand)(1) |
| Taxes | Royalties | Fees | Production
Entitlements | Bonuses | Dividends | Payments for
infrastructure
improvements | Community and social responsibility
payments | Total |
| United States | | | | | | | | | |
| U.S. Federal Government | 2,078 | | — | | — | | — | | — | | — | | — | | — | | 2,078 | |
| Canada | | | | | | | | | |
| Government of Canada | 8,091 | | — | | — | | — | | — | | — | | — | | — | | 8,091 | |
| Government of Saskatchewan | — | | 124 | | — | | — | | — | | — | | — | | — | | 124 | |
| Government of Quebec | 271 | | — | | — | | — | | — | | — | | — | | — | | 271 | |
| Rural Municipality of Round Valley No. 410 | 101 | | — | | — | | — | | — | | — | | — | | — | | 101 | |
| Town of Goderich | 261 | | — | | — | | — | | — | | — | | — | | — | | 261 | |
| United Kingdom | | | | | | | | | |
| Government of the United Kingdom | 3,831 | | — | | — | | — | | — | | — | | — | | — | | 3,831 | |
| Cheshire | 398 | | — | | — | | — | | — | | — | | — | | — | | 398 | |
| Total | 15,031 | | 124 | | — | | — | | — | | — | | — | | — | | 15,155 | |
(1)All payments are reported in U.S. dollars. Payments relating to projects in Canada were made in Canadian dollars and payments relating to the project in the United Kingdom were made in British pound sterling. Such payments made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rates as of September 30, 2023.
Payment details disclosure
The table below provides the details of payments made to governments for the fiscal year ended September 30, 2023.
| | | | | | | | | | | | | | | | | |
| For the year ended September 30, 2023 |
| Subnational Jurisdiction | Government | Business segment | Project | Resource | Amount (U.S.$ thousand)(1) |
| United States | | | | | |
| U.S. Federal Government | U.S. Federal Government | All | Compass Minerals International, Inc. (U.S. consolidated group level)(2) | N/A | 2,078 | |
| Louisiana | U.S. Federal Government | Salt | Cote Blanche Island | Rock Salt | — | |
| Kansas | U.S. Federal Government | Salt | Lyons | Mechanically-Evaporated Salt | — | |
| Utah | U.S. Federal Government | Plant Nutrition | Ogden – SOP | SOP | — | |
| Utah | U.S. Federal Government | Salt | Ogden – Solar Salt | Solar Salt | — | |
| Utah | U.S. Federal Government | Salt | Ogden – Magnesium Chloride | Magnesium Chloride | — | |
| Total | 2,078 | |
| Canada | | | | | |
| Government of Canada | Government of Canada | Salt | N/A(3) | N/A | 8,091 | |
| Quebec | Quebec | Salt | N/A(4) | N/A | 271 | |
| Ontario | Town of Goderich | Salt | Goderich Mine | Rock Salt | 202 | |
| Ontario | Town of Goderich | Salt | Goderich Plant | Mechanically-Evaporated Salt | 59 | |
| Saskatchewan | Rural Municipality of Round Valley No. 410 | Salt | Unity | Mechanically-Evaporated Salt | 101 | |
| Saskatchewan | Rural Saskatchewan | Salt | Unity | Mechanically-Evaporated Salt | 124 | |
| Total | 8,848 | |
| United Kingdom | | | | | |
| United Kingdom | United Kingdom | Salt | Winsford | Rock Salt | 3,831 | |
| Cheshire | Cheshire | Salt | Winsford | Rock Salt | 398 | |
| Total | 4,229 | |
(1)All payments are reported in U.S. dollars. Payments relating to projects in Canada were made in Canadian dollars and payments relating to the project in the United Kingdom were made in British pound sterling. Such payments made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rates as of September 30, 2023.
(2)The Company files a consolidated income tax return in the U.S. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the U.S. consolidated group level. The payments relate not to particular projects but to the consolidated U.S. income of the Company. The reported amount represents Federal income taxes of $7,084 thousand paid in fiscal year 2023 netted against income an income tax refund of $5,006 thousand received in fiscal 2023.
(3)Includes $3,629 thousand of income taxes for Compass Minerals Canada Corp. and $4,462 thousand of withholding taxes paid to the Canada Revenue Agency on behalf of the Company for dividends paid to it by its Canadian subsidiaries. Compass Minerals Canada Corp. files a consolidated income tax return. The Government of Canada levies corporate income taxes at the entity level rather than on a per-project basis.
(4)Compass Minerals Canada Corp. files a consolidated income tax return. The Government of Quebec levies corporate income taxes at the entity level rather than on a per-project basis.