|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Consolidated Financial Statements




Two months ended December 31, 2001 and year ended October 31, 2001
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Consolidated Balance Sheets
As at December 31 and October 31, 2001
(in Canadian dollars)
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|LIABILITIES                                                                                                                                                     
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|SHAREHOLDERS' EQUITY                                                                                                                                            
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|Commitments and contingencies(note 9)                      
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|Subsequent events(note 12)                                 
|See accompanying Notes to Consolidated Financial Statements
|                                                           

| |  | /s/ Stan Lis | Director |  | /s/ Iwona Kozak | Director
| |  | ------------ | -------- |  | --------------- | --------



|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Consolidated Statements of Loss and Deficit
Two months ended December 31, 2001 and year ended October 31, 2001
(in Canadian dollars)
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|Revenues                                                                                                                                                                                                    
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|Expenses                                                                                                                                                                                                    
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|Loss before undernoted items                                                                                                                                                                                
|Amortization of property, plant and equipment                                                                                                                                                               
|Amortization of intangibles and goodwill                                                                                                                                                                    
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|Loss before other items                                                                                                                                                                                     
|Other items                                                                                                                                                                                                 
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|Loss from continuing operations before future income taxes and non-controlling interest                                                                                                                     
|Future income taxes (recovery)                                                                                                                                                                              
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|Loss from continuing operations before non-controlling interest                                                                                                                                             
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|Non-controlling interest                                                                                                                                                                                    
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|Net loss from continuing operations for the period                                                                                                                                                          
|Net loss from discontinued operations (note 4)                                                                                                                                                              
|Net loss for the period                                                                                                                                                                                     
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|Deficit, beginning of period                                                                                                                                                                                
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|Deficit, end of period                                                                                                                                                                                      
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|Loss per share, basic and diluted                                                                                                                                                                           
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|Weighted average number of shares                                                                                                                                                                           
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|See accompanying Notes to Consolidated Financial Statements                                                                                                                                                 



|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Consolidated Statements of Cash Flows
Two months ended December 31, 2001 and year ended October 31, 2001
(in Canadian dollars)
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|Operating Activities                                                                                                                                                                                  
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|Financing Activities                                                                                                                                                                                  
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|Investing Activities                                                                                                                                                                                  
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|Foreign exchange effect on cash                                                                                                                                                                       
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|Decrease in cash and cash equivalents                                                                                                                                                                 
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|Cash and cash equivalents at beginning of period                                                                                                                                                      
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|Cash and cash equivalents at end of period                                                                                                                                                            
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|See accompanying Notes to Consolidated Financial Statements                                                                                                                                           



|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
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|11.                                                                                                                                                                            
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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|12.                                                                                                                                                                            
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|Stream Communications Network, Inc.(formerly Trooper Technologies Inc.)
Notes to Consolidated Financial Statements
December 31, 2001 and October 31, 2001
(in Canadian dollars)
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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|14.                                                                                                                                                                            
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