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To: umbro who wrote (7942)	6/8/2000 1:43:00 AM
From: cfoe	Respond to of 10309

Prepaid and other assets are generally expenses paid for in advance. The expense equivalent of pre-paid royalties (unearned revenues). So this would be money paid in advance by WIND for which it has not yet received the service. As yo said, pre-paid leases (rents) are one example. Others are pre-paid insurance and supplies. The other point is that by calling them current assets they are expected to be used up within the next 12 months. Any amount over 12 months (like paying 2 years worth of insurance in advance), would be a deferred asset. PS. I am not sure what you mean by "buyout royalties."