List of Components of Household Income, with Mixed and Property Income

1. - Compensation of employees

'Compensation of employee' includes the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. Compensation of employees is recorded on an accrual basis; that is, it is measured by the value of the remuneration in cash or in kind that an employee becomes entitled to receive from an employer in respect of work done during the relevant period, whether paid in advance, simultaneously or in arrears of the work itself. In productivity analysis, compensation of employees is equivalent to the cost of labour services.

2. - Net mixed income

'Net mixed income' includes gross mixed income less consumption of fixed capital.

3. - Property income received

'Property income received' includes income that accrues when the owners of financial assets and natural resources put them at the disposal of other institutional units. The income payable for the use of financial assets is called investment income while that payable for the use of a natural resource or land is called rent. Property income is the sum of investment income and rent.

4. - Current transfers received

'Current transfers received' includes receipt of transactions in which one institutional unit provides a good or service to another unit without receiving any good or service directly in return and does not oblige one or both parties to acquire, or dispose of, an asset.