The 2003-2006 revisions of the Income and Expenditure Accounts

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Table 5 Revisions to income aggregates at current prices
Reference period	Initial estimate¹	Previous estimate²	Revised estimate³	Current revision⁴	Cumulative revision⁵
Reference period	millions of dollars
Wages, salaries and supplementary labour income
2003	617,506	621,003	621,003	0	3,497
2004	638,868	651,888	654,957	3,069	16,089
2005	678,925	688,150	694,041	5,891	15,116
2006	730,075	730,075	737,382	7,307	7,307
Corporation profits before taxes
2003	146,417	144,821	144,501	-320	-1,916
2004	178,014	171,323	169,151	-2,172	-8,863
2005	193,936	189,455	189,357	-98	-4,579
2006	200,338	200,338	198,859	-1,479	-1,479
Government business enterprise profits before taxes
2003	10,102	12,290	12,604	314	2,502
2004	11,857	12,508	12,923	415	1,066
2005	13,370	14,481	14,578	97	1,208
2006	13,733	13,733	13,823	90	90
Interest and miscellaneous investment income
2003	50,625	49,679	49,989	310	-636
2004	56,845	54,084	54,109	25	-2,736
2005	61,240	60,403	61,070	667	-170
2006	63,418	63,418	65,310	1,892	1,892
Accrued net income of farm operators from farm production
2003	1,079	1,373	1,439	66	360
2004	1,700	3,256	3,106	-150	1,406
2005	1,551	1,706	1,321	-385	-230
2006	326	326	344	18	18
Net income of non-farm unincorporated business, including rent
2003	77,366	77,014	77,181	167	-185
2004	81,013	80,828	81,037	209	24
2005	84,666	84,500	83,636	-864	-1,030
2006	87,412	87,412	85,980	-1,432	-1,432
Inventory valuation adjustment
2003	4,941	4,178	4,262	84	-679
2004	-657	-1,574	-1,747	-173	-1,090
2005	-442	-326	-933	-607	-491
2006	-1,809	-1,809	-1,775	34	34
Taxes less subsidies, on factors of production
2003	55,717	56,083	56,072	-11	355
2004	57,661	59,099	58,998	-101	1,337
2005	59,961	61,402	61,847	445	1,886
2006	63,351	63,351	64,421	1,070	1,070
Taxes less subsidies, on products
2003	86,660	84,401	84,380	-21	-2,280
2004	93,248	89,465	89,838	373	-3,410
2005	94,750	93,895	94,334	439	-416
2006	97,229	97,229	97,161	-68	-68
Capital consumption allowances
2003	164,030	162,265	161,817	-448	-2,213
2004	174,216	169,858	168,274	-1,584	-5,942
2005	181,427	177,322	176,338	-984	-5,089
2006	185,505	185,505	184,750	-755	-755
Notes: 1. For annual data, the initial estimate is from the fourth quarter of the corresponding year. 2. For 2003, 2004 and 2005, the previous estimate is the one released with the first quarter of 2006, while for 2006 it is from the fourth quarter issue of 2006. 3. The revised estimates are the result of the revisions at the time of the first quarter 2007. 4. The current revision is the revised estimate less the previous estimate. 5. The cumulative revision is the revised estimate less the initial estimate.