The 2004 to 2007 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
2004	638,868	654,957	657,249	2,292	18,381
2005	678,925	694,041	695,093	1,052	16,168
2006	730,075	737,382	743,313	5,931	13,238
2007	782,290	782,290	788,357	6,067	6,067
Corporation profits before taxes
2004	178,014	169,151	168,219	-932	-9,795
2005	193,936	189,357	185,895	-3,462	-8,041
2006	200,338	198,859	196,719	-2,140	-3,619
2007	210,426	210,426	203,231	-7,195	-7,195
Government business enterprise profits before taxes
2004	11,857	12,923	12,815	-108	958
2005	13,370	14,578	15,323	745	1,953
2006	13,733	13,823	14,638	815	905
2007	15,455	15,455	15,539	84	84
Interest and miscellaneous investment income
2004	56,845	54,109	54,020	-89	-2,825
2005	61,240	61,070	61,247	177	7
2006	63,418	65,310	66,421	1,111	3,003
2007	68,684	68,684	71,515	2,831	2,831
Accrued net income of farm operators from farm production
2004	1,700	3,106	2,897	-209	1,197
2005	1,551	1,321	1,098	-223	-453
2006	326	344	-154	-498	-480
2007	582	582	110	-472	-472
Net income of non-farm unincorporated business, including rent
2004	81,013	81,037	81,313	276	300
2005	84,666	83,636	83,955	319	-711
2006	87,412	85,980	86,540	560	-872
2007	89,777	89,777	90,363	586	586
Inventory valuation adjustment
2004	-657	-1,747	-1,844	-97	-1,187
2005	-442	-933	-907	26	-465
2006	-1,809	-1,775	-2,407	-632	-598
2007	2,968	2,968	3,272	304	304
Taxes less subsidies, on factors of production
2004	57,661	58,998	59,219	221	1,558
2005	59,961	61,847	61,846	-1	1,885
2006	63,351	64,421	64,580	159	1,229
2007	66,949	66,949	67,921	972	972
Taxes less subsidies, on products
2004	93,248	89,838	89,603	-235	-3,645
2005	94,750	94,334	93,621	-713	-1,129
2006	97,229	97,161	96,260	-901	-969
2007	100,133	100,133	99,428	-705	-705
Capital consumption allowances
2004	174,216	168,274	167,823	-451	-6,393
2005	181,427	176,338	175,961	-377	-5,466
2006	185,505	184,750	185,206	456	-299
2007	193,814	193,814	195,229	1,415	1,415
Notes: 1. For annual data, the initial estimate is from the fourth quarter of the corresponding year. 2. For 2004, 2005 and 2006, the previous estimate is the one released with the first quarter of 2007, while for 2007 it is from the fourth quarter issue of 2007. 3. The revised estimates are the result of the revisions at the time of the first quarter 2008. 4. The current revision is the revised estimate less the previous estimate. 5. The cumulative revision is the revised estimate less the initial estimate.