The 2002-2005 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
2002	595,267	592,692	593,307	615	-1,960
2003	617,506	617,753	621,003	3,250	3,497
2004	638,868	643,964	651,888	7,924	13,020
2005	678,925	678,925	688,150	9,225	9,225
Corporation profits before taxes
2002	125,507	135,840	135,229	-611	9,722
2003	146,417	147,592	144,821	-2,771	-1,596
2004	178,014	175,148	171,323	-3,825	-6,691
2005	193,936	193,936	189,455	-4,481	-4,481
Government business enterprise profits before taxes
2002	10,845	11,525	11,661	136	816
2003	10,102	11,630	12,290	660	2,188
2004	11,857	11,842	12,508	666	651
2005	13,370	13,370	14,481	1,111	1,111
Interest and miscellaneous investment income
2002	49,666	47,162	46,693	-469	-2,973
2003	50,625	50,223	49,679	-544	-946
2004	56,845	55,408	54,084	-1,324	-2,761
2005	61,240	61,240	60,403	-837	-837
Accrued net income of farm operators from farm production
2002	2,119	855	1,101	246	-1,018
2003	1,079	1,280	1,373	93	294
2004	1,700	2,866	3,256	390	1,556
2005	1,551	1,551	1,706	155	155
Net income of non-farm unincorporated business, including rent
2002	71,894	74,260	74,292	32	2,398
2003	77,366	77,158	77,014	-144	-352
2004	81,013	81,027	80,828	-199	-185
2005	84,666	84,666	84,500	-166	-166
Inventory valuation adjustment
2002	-3,044	-3,334	-3,584	-250	-540
2003	4,941	5,075	4,178	-897	-763
2004	-657	-1,669	-1,574	95	-917
2005	-442	-442	-326	116	116
Taxes less subsidies, on factors of production
2002	53,152	54,019	53,916	-103	764
2003	55,717	56,376	56,083	-293	366
2004	57,661	58,479	59,099	620	1,438
2005	59,961	59,961	61,402	1,441	1,441
Taxes less subsidies, on products
2002	84,448	84,504	84,139	-365	-309
2003	86,660	85,048	84,401	-647	-2,259
2004	93,248	90,203	89,465	-738	-3,783
2005	94,750	94,750	93,895	-855	-855
Capital consumption allowances
2002	152,642	156,004	155,567	-437	2,925
2003	164,030	163,602	162,265	-1,337	-1,765
2004	174,216	172,362	169,858	-2,504	-4,358
2005	181,427	181,427	177,322	-4,105	-4,105
1. For annual data, the initial estimate is from the fourth quarter of the corresponding year. 2. For 2002, 2003 and 2004, the previous estimate is the one released with the first quarter of 2005, while for 2005 it is from the fourth quarter issue of 2005. 3. The revised estimates are the result of the 2006 revisions. 4. The current revision is the revised estimate less the previous estimate. 5. The cumulative revision is the revised estimate less the initial estimate.