ANNUAL REPORT & ACCOUNTS2003
ANNUAL REPORT & ACCOUNTS 2006
WORLD LEADING OPTICS TECHNOLOGY Financial Highlights 1
Chairman’s Statement 2
Chief Executive’s Review 3
Operations Review 5
Directors and Advisers 10
Expected Financial Calendar 10
Directors’ Report 11
Report of the Remuneration Committee 16
Contents
Report of the Independent Auditors 18
Group Profit and Loss Account 20
Group Statement of Total Recognised 20
Gains and Losses
Group Balance Sheet 21
Company Balance Sheet 22
Group Cash Flow Statement 23
Notes to the Cash Flow Statement 24
Notes to the Financial Statements 25
Notice of the Annual General Meeting 41 FINANCIAL HIGHLIGHTS
We are pleased with the results for Gooch & Housego which show a
further improvement over the previous year.  We aim to sustain future
growth through a number of initiatives commenced this year and we have
begun to open up various exciting new markets through the acquisition of
ChromoDynamics Inc.
Key financial performance indicators:
2006 2005 Increase
Turnover £25.4m £22.3m 14%
Profit before tax £5.8m £4.7m 23%
Earnings per share
Basic 20.1p 16.1p 25%
Basic before 
goodwill amortisation 22.2p 18.0p 23%
Dividends paid interim 
plus proposed final 4.2p 3.9p 8%
Net cash funds £2.9m £2.4m 22%
01
2006
2005
2006
2005
2006
2005
2006
2005
Turnover
14%
Profit
before tax
23%
Earnings
per share
25%
Net cash
funds
22% I am pleased to have been asked to join the 
board of Gooch & Housego PLC, a long
established and successful Group with exciting
prospects for the future.  I believe that I can make
a positive contribution and look forward to helping
the Group to achieve its considerable potential.
Although I joined the board after the end of the 2006 financial year I
am pleased to note the encouraging results that follow on from
similar growth in revenues and profits in the previous two years.
The excellent performances by NEOS and CCI are particularly
noteworthy.  Most of the growth has come from core activities and
reflects the strengths the Group has in these areas.  Sustaining this
level of growth in the longer term will require the Group to diversify
its products and markets.  A first step has been made with the
acquisition of CDI and further investment is planned in 2007 to
evaluate the potential of its technology. 
The Group is making a substantial investment in people, facilities and infrastructure in the coming
year to underpin future growth.  I would like to thank all of our employees for their contribution to
an excellent set of results. We clearly have an excellent workforce and top quality products and I
look forward to the continuing success of the Group.
Dr Julian Blogh
10 January 2007
02
CHAIRMAN’S STATEMENT 2006
Dr Julian Blogh – Chairman 03
CHIEF EXECUTIVE’S REVIEW
Overview
After a slow start, the past year has been characterised by
improving market conditions culminating in strong demand in the
last quarter.  This upturn in demand was felt across most parts of
the business and resulted in increases in revenue and profit before
tax for the Group of 14% and 23% respectively, and very strong
individual performances by NEOS Technologies Inc (NEOS) and
Cleveland Crystals Inc (CCI).
Events of significance during the year include the appointment of
Dr Julian Blogh as Non Executive Chairman, the acquisition of ChromoDynamics Inc (CDI), and the
conferring of a second Queen’s Award on Gooch & Housego’s UK operations.
I am very pleased to be able to welcome Dr Blogh to Gooch & Housego and I am sure that his
extensive experience will prove to be invaluable.
The Queen’s Award is the most significant and widely recognised award that a UK business can
receive.  To be able to add the Queen’s Award for Enterprise: International Trade in recognition of
our recent export performance to our 1994 Queen’s Award for Technological Achievement is an
achievement of which the entire workforce can be very proud.
The development of our new factory and headquarters in Ilminster has suffered delays during the
year due to the scale and complexity of the project, but it is now progressing well, with the first
phase nearing completion and scheduled for occupation in January 2007.  We now expect to have
completed the development and to have relocated all Ilminster operations by the end of 2007.
Earlier in the year we embarked on a major reorganisation of our optoelectronic components
activities.  Going by the project name of ORION, and comprising Gooch & Housego UK Ltd
(G&HUK), CCI, NEOS and Landwehr Electronic GmbH (LE), the reorganisation is aimed at creating
a more efficient and effective integrated global business with greater market presence and extended
reach.  Significant progress has already been made in key areas such as establishing the essential
IT and communications infrastructure, and the project is on target to be completed mid-2007.
Under the new structure, as the boundaries between the individual businesses dissolve, we will
report on the integrated business in terms of its products and markets, rather than by
manufacturing locations as we have in the past.  The increase in inter-company trading is already
distorting individual results and emphasises the need to focus on ORION’s overall performance.
From 1 October 2006 we have also reorganised the corporate structure of the Group, detaching
the UK trading company from Gooch & Housego PLC and establishing a new company, Gooch &
Housego UK Ltd, to carry out UK trading activities.
Gareth Jones – Chief Executive Financial Results
For the year ended 30 September 2006, Group turnover increased by 14% to £25.36m (2005:
£22.32m).  Profit before tax, after charging goodwill amortisation of £0.38m (2005: £0.34m),
increased by 23% to £5.77m (2005: £4.68m).  Profit before tax and goodwill amortisation improved
from £5.02m to £6.15m during the year.  Basic earnings per share increased by 25% to 20.1p
(2005: 16.1p) while basic earnings per share, before goodwill amortisation, rose to 22.2p from last
year’s 18.0p.
The Group’s improved sales results were led by NEOS with sales of £6.38m, an increase over
2005 of £1.20m.  CCI were close to equalling this performance with sales in the year of £5.61m
(2005: £4.46m).  G&H maintained last year’s exceptional performance with sales of £7.52m (2005:
£7.61m) and LE recorded sales of £2.54m (2005: £1.99m). 
Outside of the ORION companies Optronic Laboratories Inc (OLI) increased sales to £3.32m
(2005: £3.08m). 
Operating profits for the Group improved by 21% to £5.74m (2005: £4.76m). ORION companies
contributed a total of £6.08m to total operating profits. NEOS reported profits of £2.31m (2005:
£1.62m), G&H trading profits of £2.40m (2005: £2.41m) and CCI at £1.36m (2005: £ 0.78m). 
OLI returned a 14% increase in operating profits to £0.43m (2005: £0.38m) while LE returned
operating profits of £19,000 (2005: £85,000).  Costs incurred from the new developments at CDI
since its acquisition in February, totalled £0.16m.  Head office costs totalled £0.61m (2005: £0.51m)
The Group’s financial position remains strong with net funds inflow of £0.53m (2005: £2.04m).
This is after financing the acquisition of CDI at a cost of £0.69m.  At 30 September 2006 the
Group had total net funds of £2.90m (2005: £2.37m).
An overall tax rate of 37% for the year (2005: 38%) is as a result of higher rates of US tax and the
effect of the non-allowable charge for goodwill amortisation.
Dividends 
Reflecting the Group’s improved performance, the Directors are proposing a final dividend of 2.8p
making a total for the year of 4.2p.  This represents an increase of 8% over last year’s total of 3.9p
and is covered 4.8 times by post-tax earnings.  The shares went ex-dividend on 6 December
2006, and following approval at the Annual General Meeting on 14 February 2007, the dividend
will be paid to Shareholders on 15 February 2007. 
04
CHIEF EXECUTIVE’S REVIEW 05
OPERATIONS – UK
Gooch & Housego UK Ltd (G&HUK)
G&HUK performed strongly in the year, despite the figures indicating flat sales and profits
compared with the previous year.  A significant increase in inter-company sales, which are taken at
reduced margin, has had a negative impact on profits.  With sales progressively being managed by
local offices, an increasing proportion of goods manufactured in the UK is now being sold via other
group companies, rather than directly as before.
The market for Q-switches, still our most significant single product, was soft during the first quarter
of the year, but picked up in the second quarter and was strong throughout the second half.  With
the rise in demand threatening to push lead times to unacceptable levels, measures were put in
place to increase capacity by two thirds
by the end of the year.  The Super Q-
switch has been one of our success
stories this year, demonstrating that there
are major advances to be made in what
might be thought of as mature
technology.  G&HUK continues to be the
world leader with this product.
In precision optics we have continued to
focus on those aspects of the business in
which we excel.  In the areas of crystal
optics and thin-film coatings we have
demonstrated world-class capabilities and
as a result have been able to win increased
export business and improve our margins.
By extending our reach as part of the new
integrated components business and by
leveraging the market presence we already
have in acousto-optics and electro-optics
we expect to continue to increase optical
component sales. The Acousto-optic Q-Switch Optronic Laboratories, Inc. (OLI)
OLI has a highly specialised product range that addresses 
a niche market.  Several key developments that will open up
opportunities for OLI in new market sectors are currently
underway, with the first of these scheduled for launch in 2007.
The expertise of OLI in instrument design and engineering is
being used to enable CDI to bring its hyperspectral imaging
instrument to market more rapidly than would otherwise be
possible. OLI and CDI have also benefited from sharing market
information and is a good example of how we are able to exploit
synergies between members of the Group.
Cleveland Crystals, Inc. (CCI)
CCI has returned an exceptional performance with revenues up
by a quarter and profits almost doubling when compared with
the previous year.  Growth has been experienced in both of the
main sectors of the business, and CCI has been successful in
responding to demand and increasing output at modest
additional cost.  This is reflected in the strong bottom-line
performance.
CCI has continued to incrementally improve its Pockels cell product range and as a result has
reinforced its leading position in this market.  To meet the increase in demand for crystals for
inertial confinement fusion (ICF) applications, production facilities in Cleveland are currently being
expanded.  The extended manufacturing facility will benefit from substantial external investment in
additional equipment in the coming months.
NEOS Technologies, Inc. (NEOS)
NEOS has once again been a star performer, with revenues up
nearly a quarter and profits by almost half when compared with
2005.  The team at NEOS in their new facility constitutes a highly
efficient manufacturing unit.  New product and process
developments in the past year have improved quality and
increased capacity, enabling NEOS to respond to the mid-year
upturn in demand and increase output significantly. 
OPERATIONS – OVERSEAS
06
Hyperspectral Imaging equipment
Neos product assembly
Cleveland Crystals Landwehr Electronic GmbH (LE)
Sales at LE increased by nearly a third compared with the previous year and demonstrate their
success in channelling group products into the German market.  The product mix continues to be
dominated by acousto-optic devices and RF electronics, but sales of crystal optics and precision
optics have shown encouraging growth this year and illustrate the potential of this large market.
Margins were adversely affected by the increase in inter-company sales and the recruitment of
additional senior technical staff.  There is now a strong team in place at LE and the benefits of this
investment are already being felt. 
LE’s core RF electronics business continues to be a key element of the Group’s wider acousto-
optics capabilities, and several important new developments in the past year are aimed at
increasing RF driver sales, and as a consequence, overall margins.
ChromoDynamics, Inc. (CDI)
The development of CDI’s hyperspectral imaging engine is
progressing well. A new software team at CDI, engineering
support from OLI and optical and electronic design and
manufacturing support from across the group have combined to
keep hardware and software development on schedule for a
product launch in the second quarter of 2007.  Initial
applications will be in biomedical and pharmaceutical research.
In parallel, CDI is investigating applications in diagnostics.
07
Biomedical Imaging Sector Analysis
In the light of our reorganisation of the Group into what are in effect two divisions –
Optoelectronic Components and Materials and Instrumentation I would like to comment briefly on
the Group’s activities over the past year in our principal product sectors.
Acousto-optics is our largest product sector, served by NEOS, G&HUK and LE.  Demand was
initially slow at the start of the year but strengthened progressively as reported above.  The
greater coordination that now exists between NEOS, G&HUK and LE as we take a more global
approach to the acousto-optics business has enabled us to be more responsive, to provide
optimum solutions to our customers and to maintain the
Group’s leading position in this market.
Precision optics and crystal optics (G&HUK), the original
business on which Gooch & Housego was founded
nearly sixty years ago, will become an increasingly
important part of the Group’s product offering as
applications such as industrial, medical and research
laser systems and semiconductor lithography demand
more sophisticated optical solutions that play to our
strengths.  Historically focussed on the UK market, we
have been successful in winning optics business in the
USA and Europe in the past year.
Electro-optic Q-switches, or Pockels cells, (CCI) is another product sector in which we have a
leading market position that has been reinforced over the last year. 
Optical instrumentation (OLI and CDI) has been a more difficult market for us with OLI serving a
relatively small and highly specialised market, and with CDI yet to begin trading.  New
developments at OLI and some exciting prospects for CDI point to this sector growing in
importance in the coming years.
08
OPERATIONS – OVERSEAS
Laser machining Prospects
With market conditions improving during 2006 and demand continuing to be strong at the start
of our new financial year, prospects for continued revenue growth are favourable.  We will
continue to invest in research and development, sales and marketing and infrastructure for
sustained long-term growth.  These initiatives will begin to make a positive contribution in 2007,
but the full benefits are unlikely to be felt until 2008.  In the short term, Project ORION, CDI and
the new UK factory will contribute to increased costs in 2007. 
A key element of project ORION is the creation of a new global sales team for the optoelectronics
business.  In place of four separate teams, each supporting a narrow range of products on a
worldwide basis, we will have a single team capable of supporting all of our products in each of
our principal markets.  We have already demonstrated that sales can be increased by taking our
current products to a wider audience but the benefits have been limited to date by lack of sales
resource and coordination.  In parallel with our investment in sales, the creation of a strategic
marketing capability will enable us to form a clearer picture of our markets and their dynamics
and help us develop a better understanding of our customers’ current and future requirements. 
We have been active in research and development in the past year, with four patent applications filed
and several more in the pipeline.  Some of our development activities will reach the market in the
coming year, including a new product family at OLI and the first CDI hyperspectral imaging system.
We are not expecting these products to make a significant contribution to revenues until 2008.
Continuing to develop the core components and materials activities is central to our strategy,
while we also recognise the potential of the instrumentation business to deliver significant growth
in new markets.  In addition to the organic growth that will follow from the development of new
products and capabilities, we will look for acquisitions that will enable us to deliver our strategy
more quickly. 
In summary, the Gooch & Housego group is well placed for continued growth by virtue of its
unique combination of products and capabilities and its skilled and dedicated workforce. 
G C W Jones
Chief Executive Officer
10 January 2007
09 DIRECTORS & ADVISERS
Directors
Dr Julian Blogh
Non Executive Chairman
Gareth C W Jones
Chief Executive Officer
Ian W Bayer
Finance Director
Terry Scribbins
Operations Director
Dr Eugene G Arthurs
Non Executive Director
Jan A Melles
Non Executive Director
Secretary and Registered Office
Ian W Bayer
The Old Magistrates Court 
Ilminster
Somerset TA19 0AB
Registered Number
526832
Expected Financial Calendar
Annual General Meeting 14 February 2007
Payment of the Final Dividend for the year 15 February 2007
ended 30 September 2006 to Shareholders 
on the register on 24 December 2006
Interim Results announced May 2007
Payment of Interim Dividend for the year July 2007
ending 30 September 2007  
Financial Year End 30 September 2007
Preliminary announcement of results for November 2007
the year ending 30 September 2007
Corporate Advisers and Stockbrokers
Oriel Securities Limited
125 Wood Street
London EC2V 7AN
Solicitors
Burges Salmon
Narrow Quay House
Narrow Quay
Bristol BS1 4AH
Registered Auditors
PricewaterhouseCoopers LLP
31 Great George Street
Bristol BS1 5QD
Registrars
Capita Registrars
The Registry
34 Beckenham Road
Beckenham
Kent BR3 4TU
10 DIRECTORS’ REPORT
The Directors present their report together with the audited financial statements for the year ended 
30 September 2006. 
Principal Activity
Gooch & Housego is a manufacturer of acousto-optic and electro-optic devices, precision optical
components, crystals, optical instruments and imaging systems.
Business Review
A review of the development and performance of the Group during the year, including details of key financial
performance indicators and a review of the financial position of the Group at the year-end, is provided in the
financial highlights summary on page 1 and Chief Executive’s Review on pages 3 to 9.  A description of the
principal risks and uncertainties facing the Group is provided below.
Dominance of existing markets - The Group currently holds a significant share of the market for a number
of key products.  In response to the risks presented by this position the Group undertakes an extensive level
of research and development aimed at developing new products in different markets and new applications
for existing products.  In addition, it continues to review potential acquisition opportunities which are
consistent with the established strategy of the Group.
Foreign exchange - The Group’s principal currency exposure is in respect of the trading results generated
in US dollars by its US subsidiaries.  The Group originally hedged its investments in its US subsidiaries by
part financing them with US dollar loans, although these loans have now been repaid.  As a result, the
Board is considering changes to the structure of the US subsidiary Group to further reduce the Group’s
currency exposure.
Retention of key personnel - The Group recognises the importance of retaining and developing its highly-
skilled management team and workforce in order to achieve its strategic objectives.  As a result, the Group
has an established development and reward scheme in place to encourage individuals to play a long-term
role in the future development of the Group.
Quality - The Group prides itself on the highest standards of product quality and customers satisfaction.  In
doing this, it recognises that a failure to maintain such standards would be detrimental to its future trading
performance.  As a result, an ongoing emphasis is placed on quality control and customer communication.
Dividends
During the year under review a final dividend of £504,000 (2005: £468,000) was proposed and an interim
dividend of £252,000 (2005: £234,000) was paid.  This final dividend has not been accounted for within
the current year financial statements as it has yet to be approved.  The Directors propose that the retained
profit for the year of £2,906,000 (2005: £2,233,000) be transferred to reserves.
11 DIRECTORS’ REPORT CONTINUED
Directors
The Directors in office during the year and their beneficial interests in the issued shares of the Company
were as follows:-
Ordinary shares of 20p each
30 September 30 September
2006 2005
G C W Jones 8,000 8,000  
I W Bayer 10,000 10,000
E G Arthurs * - -
J A Melles * 20,000 20,000
A W Virgin (Resigned 31 May 2006) - 176,410 
*Non Executive Directors.
In addition, Dr J Blogh was appointed as Non Executive Chairman on 2 October 2006 and T Scribbins was
appointed as Operations Director on 29 November 2006.  Neither Dr J Blogh or T Scribbins held shares of
the Company at 30 September 2006.
There were no changes in Directors’ interests between 1 October 2006 and 10 January 2007.
For details of Directors interest in options to subscribe for shares of the Company, see page 17.
In accordance with the Company’s Articles of Association, Dr J Blogh and T Scribbins, who were both
appointed since the date of the last Annual General Meeting and G C W Jones who are subject to
retirement by rotation, retire at the Annual General Meeting, and being eligible offer themselves for 
re-election.
Substantial shareholdings
As at 10 January 2007, the undermentioned had notified the Company that they were interested in 3% or
more of its issued ordinary share capital:
Number % holding
Gooch/Virgin Family Trusts 5,551,279 30.8%
Insight Investment Management 1,804,690 10.0%
F&C Asset Management 1,544,000 8.6%
Active Capital Trust 1,210,733 6.7%
Merrill Lynch Investment Management 756,515 4.2%
Montanaro UK Smaller Companies Investment Trust PLC 550,327 3.1%
Save for these interests, the directors have not been notified that any person is directly or indirectly
interested in 3% or more of the issued ordinary share capital of the Company.
Research and Development
Group policy is to actively develop new technologies and capabilities that will become the mainstay of
future group products.
12 Supplier Payment Policy And Practice
It is the Company’s policy to comply with the payment terms agreed with suppliers providing it is satisfied
that the supplier has provided the goods and services in accordance with agreed terms and conditions.
Trade creditors outstanding at 30 September 2006 represent 38 days as a proportion of the total amount
invoiced by suppliers during the year (2005: 32).
Financial Risk Management
The Group’s operations expose it to a variety of financial risks that include credit risk, liquidity risk, foreign
currency risk and interest rate risk.
The Group operates a central treasury function, headed by the Group Finance Director, responsible for all
debt and liquidity management, foreign exchange and interest rate management. The Group does not
undertake speculative financial transactions or utilise off balance sheet financing vehicles.
Credit risk - The Group regularly monitors the credit status of its customers and applies appropriate credit
limits to each of them to ensure that exposure to any particular customer is not excessive. 
Liquidity risk - The Group activity maintains a mixture of long-term and short-term debt finance that is
designed to ensure the Group has sufficient funds available for operations and planned strategic expansions.
Foreign currency risk - The Group’s principal currency exposure is in respect of the trading results
generated in US dollars by its US subsidiaries.  The Group originally hedged its investments in its US
subsidiaries by part financing them with US dollar loans, although these loans have now been repaid.  As a
result, the Board is considering changes to the structure of the US subsidiary Group to further reduce the
Group’s currency exposure.
Interest rate risk - The Group has both interest bearing assets and interest bearing liabilities. Interest
bearing assets comprise cash deposits, all of which earn interest at variable rates. The Group has a policy
of using a mixture of fixed and variable rate debt instruments which allows it to ensure it is able to consider
the most commercially suitable financing options whilst exercising control over future interest payments.
Donations
The Group made donations of £4,080 (2005: £5,077) to various local charities during the year. No political
donations have been made during the current or previous year.
Employees
The Group is committed to including all employees in the performance and development of the business.
An established employee appraisal and reward scheme is in operation and employees are appraised
regularly with relevant development support provided by the Group.
The Group attaches considerable importance to informing and involving its employees on matters which
concern them and in the achievement of its business objectives.  The Group has a formal employee
communication plan involving regular meetings between management and employees and the provision of
a comprehensive employee handbook.
Employment of Disabled Individuals
It is the policy of the Group that disabled individuals, whether registered or not, should receive full and fair
consideration for all job vacancies for which they are suitable applicants. Employees who become disabled
during their working life will be retained in employment wherever possible and will be provided help with any
necessary rehabilitation and retraining. The Group is prepared to modify procedures or equipment,
wherever this is practicable, so that full use can be made of an individual’s abilities.
13 DIRECTORS’ REPORT CONTINUED
Corporate Governance
The Board recognises the importance of good corporate governance and has, after taking into account the
size and stage of development of the Group, put in place procedures it considers appropriate. The Group
now has a Non Executive chairman and two Non Executive Directors who advise the Board on business
and corporate governance issues.
The Audit Committee, which consists of the two Non Executive Directors, is responsible for ensuring that
the financial performance of the Group is properly monitored, controlled and reported on.  The Committee
has met with the auditors on two occasions during the year to review issues relating to the financial
statements and internal financial control systems.
The Remuneration Committee, which consists of the two Non Executive Directors, has met during the year,
and a summary of the committee’s report is on page 16 and 17.  Following the appointment of the
Chairman he will also become a member of the Remuneration Committee.
The Directors acknowledge that they are responsible for the Group’s system of internal financial control.
The system can provide only reasonable, and not absolute, assurance against material misstatements and
losses.  Among the procedures designed to maintain an appropriate control environment are the following:
• Annual budgets are prepared for each company.  Monthly reports enable the board to compare 
performance against budget and to take action where appropriate.
• Procedures are in place to identify any major business risks and evaluate their potential 
financial effects.
• Internal financial controls are in existence which provide reasonable assurance of the maintenance 
of proper accounting records and the reliability of financial information used within the business.
The Board is also aware that it is responsible for the Group’s systems of internal control, not just those
relating to financial controls.  The Board regularly assesses the controls in place, taking into account the
size and stage of development of the Group.
14 Directors’ Responsibilities for the Financial Statements
Company law requires the Directors to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for
that period.  In preparing those financial statements, the Directors are required to:
• select suitable accounting polices and apply them consistently;
• make judgements and estimates that are reasonable and prudent;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume 
that the Company and the Group will continue to operate; and
• state whether applicable accounting standards have been followed, subject to any material 
departures disclosed and explained in the financial statements.
The Directors confirm that they have complied with the above requirements in preparing the financial
statements.
The Directors are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Company and the Group and to enable them to ensure
that the financial statements comply with the Companies Act 1985.  They are also responsible for
safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
So far as each director is aware, there is no relevant audit information of which the Company’s auditors are
unaware. Each director has taken all the steps that he ought to have taken in his duty as a director to
make himself aware of any relevant audit information and to establish that the Company’s auditors are
aware of that information.
International Financial Reporting Standards
International Financial Reporting Standards (IFRS) will apply to the consolidated financial statements of the
Group for the year to 30 September 2008. The Directors are in the process of devising an appropriate IFRS
conversion strategy and as part of this process have undertaken a preliminary review of the key areas that
are likely to be impacted by the new standards. The key areas of impact are expected to include the
approach adopted to accounting for business combinations, research and development expenditure and
share-based payments.
Going Concern
After making enquiries, the Directors have formed a judgement, at the time of approving the financial
statements, that there is a reasonable expectation that the Company and the Group have adequate
resources to continue in operational existence for the foreseeable future. For this reason, the Directors
continue to adopt the going concern basis in preparing the financial statements.
Auditors
A resolution to reappoint PricewaterhouseCoopers LLP as auditors to the company will be proposed at the
Annual General Meeting.
Approved and signed on behalf of the Board of Directors by:
G C W Jones
Director
10 January 2007
15 16
REPORT OF THE REMUNERATION COMMITTEE
The Remuneration Committee members at 30 September were G C W Jones, E G Arthurs and J A Melles.
Following his appointment as Chairman, Dr J Blogh will also become a member of the committee.
Policy on Directors’ Remuneration
It is an objective of the Group to attract and retain executives of high calibre and reward them in a way
which encourages the creation of value for shareholders.  The committee undertakes the determination of
executive Directors’ annual remuneration packages and these are reviewed with effect from 1 October each
year.  No executive Director plays a part in the discussion about his own remuneration.
Executive Directors are paid a basic salary together with annual bonus payments based on the
achievement of  Group earnings per share related targets.  In addition, certain executive Directors receive
benefits in kind, including medical expenses, insurance and also participate in a share option scheme.
Non Executive Directors are paid a salary to attend board meetings and to serve as members of the Audit
and Remuneration committees.  Further payments may be made in respect of further services provided at the
request of the Company, although no such payments have been made during the current or previous year. 
Directors’ Pension Arrangements
During the year the Company contributed to a money purchase pension scheme on behalf of the executive
Directors.  Contributions to a scheme on behalf of continuing Directors amount to 8% of the Director’s
basic salary.
Directors’ Contracts
G C W Jones currently has a rolling service contract terminable on twelve months’ notice. I W Bayer has a
service contract that is subject to six months’ notice. The Chairman and Non Executive Directors do not
have contracts of service. 
By agreement between Photonics Investments b.v. and the Company, Photonic Investments b.v. has
contracted to provide certain consultancy and other services of J A Melles in connection with the
identification of businesses for possible purchase by the Company and, if appropriate, to negotiate
purchase arrangements.  The Company is liable to pay consultancy fees and, on successful conclusion,
commission to Photonics Investments b.v. Photonics Investments b.v is wholly owned by J A Melles. No
such amounts were payable in the current or prior year.
Directors’ Remuneration
Basic Pay Performance Benefits Pension Total Remuneration
Related Bonus in Kind Contributions 2006 2005
£’000 £’000 £’000 £’000 £’000 £’000
Executive
G C W Jones 150 40 5 12 207 207  
I W Bayer 105 28 2 8 143 157
A W Virgin 35 - 2 - 37 77
Non Executive
A W C Gooch - - - - - 36
E G Arthurs 15 - - - 15 15
J A Melles 17 - - - 17 13
322 68 9 20 419 505
A W C Gooch resigned during the previous financial year. 17
Directors’ Interests in Shares of the Company
The Directors’ interests in the shares of the Company are set out in the Directors’ Report on page 12.
The following options in the shares of the Company have been granted to Directors:
Number of Exercise
Share Options Price Exercise Period
G C W Jones 137,142 133.5p 23 July 2005 to 22 April 2014
Chief Executive Officer 137,142 133.5p 23 July 2006 to 22 April 2014
137,142 133.5p 23 July 2007 to 22 April 2014
137,142 133.5p 23 July 2008 to 22 April 2014
I W Bayer 85,714 133.5p 23 July 2005 to 22 April 2014
Finance Director 85,714 133.5p 23 July 2006 to 22 April 2014
85,714 133.5p 23 July 2007 to 22 April 2014
85,714 133.5p 23 July 2008 to 22 April 2014
T Scribbins 31,250 272.5p 8 December 2006 to 22 April 2014 
Operations Director 31,250 272.5p 8 December 2007 to 22 April 2014 
31,250 272.5p 8 December 2008 to 22 April 2014 
31,250 272.5p 8 December 2009 to 22 April 2014 
The options may be exercised on the achievement of certain financial performance criteria. 50% of each
allocation of options may be exercised from the earliest exercise date if the earnings per share figure for the
Group, based on the most recent audited annual financial statements, has improved by a rate equivalent to
the growth in the UK Retail Prices Index plus 3%. The remaining 50% of each allocation of options may be
exercised from the earliest exercise date if the earnings per share figure for the Group, based on the most
recent audited financial statements, has improved by a rate equivelant to the growth in the UK Retail Prices
Index plus 6%.
Based on the prior year Group financial statements, both conditions were satisfied and as a result 
G C W Jones and I W Bayer now hold the right to exercise the first and second tranche of options. None of
the Directors have exercised options during the current or previous year.
Options over a total of 421,850 new ordinary shares have also been granted to the Presidents of each of
OLI, CCI and NEOS all of which are also subject to specific performance criteria, namely that the audited
pre-tax profits for the relevant year will be not less than 95% of the agreed budget and that audited pre-tax
profits for the relevant year will be at least $500,000. These options are also exercisable at 133.5 pence
per share.
In addition, on the 8th December 2005 options over a further 125,000 new ordinary shares have been
granted to a senior employee of the Group in addition to the 125,000 granted to T Scribbins at the same
date that are shown above.  These options are exercisable at 272.5 pence per share. 18
INDEPENDENT AUDITORS' REPORT TO THE
MEMBERS OF GOOCH & HOUSEGO PLC
We have audited the group and parent company financial statements (the ‘‘financial statements’’) of Gooch
& Housego Plc for the year ended 30 September 2006 which comprise of the Group profit and loss
account, the Group and Company balance sheets, the Group cash flow statement, the Group statement of
total recognised gains and losses and the related notes. These financial statements have been prepared
under the accounting policies set out therein.
Respective responsibilities of directors and auditors
The directors’ responsibilities for preparing the Annual Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) are set out in the Statement of Directors’ Responsibilities.
Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory
requirements and International Standards on Auditing (UK and Ireland). This report, including the opinion,
has been prepared for and only for the company’s members as a body in accordance with Section 235 of
the Companies Act 1985 and for no other purpose.  We do not, in giving this opinion, accept or assume
responsibility for any other purpose or to any other person to whom this report is shown or into whose
hands it may come save where expressly agreed by our prior consent in writing.
We report to you our opinion as to whether the financial statements give a true and fair view and are
properly prepared in accordance with the Companies Act 1985. We also report to you whether in our
opinion the information given in the Directors' Report is consistent with the financial statements. The
information given in the Directors’ Report includes that specific information presented in the Chairman’s
Statement and the Chief Executive’s Review that is cross referred from the Business Review section of the
Directors’ Report.
In addition we report to you if, in our opinion, the company has not kept proper accounting records, if we
have not received all the information and explanations we require for our audit, or if information specified by
law regarding directors’ remuneration and other transactions is not disclosed.
We read other information contained in the Annual Report, and consider whether it is consistent with the
audited financial statements. This other information comprises only the financial highlights summary,
Directors’ Report, the Chairman’s Statement, the Chief Executive’s Review and the Report of the
Remuneration Commitee.  We consider the implications for our report if we become aware of any apparent
misstatements or material inconsistencies with the financial statements. Our responsibilities do not extend to
any other information. 19
Basis of audit opinion
We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by
the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the
amounts and disclosures in the financial statements. It also includes an assessment of the significant
estimates and judgements made by the directors in the preparation of the financial statements, and of
whether the accounting policies are appropriate to the Group’s and the Company’s circumstances,
consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we
considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the
financial statements are free from material misstatement, whether caused by fraud or other irregularity or
error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the
financial statements.
Opinion
In our opinion:
• the financial statements give a true and fair view, in accordance with United Kingdom Generally 
Accepted Accounting Practice, of the state of the group’s and the parent company’s affairs as at 
30 September 2006 and of the group’s profit and cash flows for the year then ended;
• the financial statements have been properly prepared in accordance with the Companies Act 1985; and
• the information given in the Directors' Report is consistent with the financial statements.
PricewaterhouseCoopers LLP
Chartered Accountants and Registered Auditors
Bristol
10 January 2007 Turnover
Trading expenditure excluding goodwill
amortisation
Operating profit before goodwill amortisation
Goodwill amortisation
Operating profit
Other interest receivable and similar income
Interest payable and similar charges
Profit on ordinary activities before taxation
Tax on profit on ordinary activities
Profit on ordinary activities after taxation
Dividends on equity shares
Retained profit for the financial year
Basic earnings per 20p ordinary share
Diluted earnings per 20p ordinary share
Note
2
3
7
3,13
8
9
10
24
11
23
12
12
£’000
25,364
(19,239)
6,125
(381)
5,744
123
(96)
5,771
(2,145)
3,626
(720)
2,906
20.1p
19.7p 15.9p
16.1p
£’000
22,315
(17,213)
5,102
(339)
4,763
41
(126)
4,678
(1,779)
2,899
(666)
2,233
2006 2005
(Restated)
The notes on pages 25 to 40 form part of these financial statements. 
All operations undertaken by the Group during the current year are continuing. The results of the acquisition made during the year
have not been separately disclosed on the face of the profit and loss account as they are not considered to be material to the Group
result. The results of the acquired entity have, however, been separately disclosed in the segmental reporting disclosure in note 2.
GROUP PROFIT AND LOSS ACCOUNT
For the year ended 30 September 2006 
20
Profit for the financial year
Currency translation differences on foreign
currency net investments
Total recognised gains and losses for the
financial year
£’000
3,626
(496)
3,130
£’000
2,899
234
3,133
2006 2005
The notes on pages 25 to 40 form part of these financial statements.
No note of historical cost profit for the Group or the Company has been presented as the difference between the reported profit
and the historical cost profit is immaterial.
GROUP STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
For the year ended 30 September 2006 21
FIXED ASSETS
Intangible assets
Tangible assets
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
CREDITORS: amounts falling due within 
one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS: amounts falling due after more
than one year
PROVISIONS FOR LIABILITIES AND
CHARGES
NET ASSETS
CAPITAL AND RESERVES
Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
EQUITY SHAREHOLDERS’ FUNDS
Note
13
14
16
17
18
19
21
22
23
23
23
24
2006 2005
Approved by the Board of Directors on 10 January 2007 and signed on its behalf by:
................................................... ..............................................................
G C W Jones I W Bayer
The notes on pages 25 to 40 form part of these financial statements.
£000
3,875
4,473
4,060
12,408
(4,396)
£000
5,225
6,516
11,741
8,012
19,753
(679)
(202)
18,872
3,600
3,404
308
11,560
18,872
£000
3,872
3,490
3,532
10,894
(3,907)
£000
4,893
5,499
10,392
6,987
17,379
(740)
(177)
16,462
3,600
3,404
308
9,150
16,462
GROUP BALANCE SHEET 
As at 30 September 2006
(Restated) 22
FIXED ASSETS
Tangible assets
Investments
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
CREDITORS: amounts falling due within 
one year
NET CURRENT LIABILITIES
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS: amounts falling due after more
than one year
PROVISIONS FOR LIABILITIES AND
CHARGES
NET ASSETS
CAPITAL AND RESERVES
Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
EQUITY SHAREHOLDERS’ FUNDS
Note
14
15
16
17
18
19
21
22
23
23
23
24
2006 2005
Approved by the Board of Directors on 10 January 2007 and signed on its behalf by:
................................................... ..............................................................
G C W Jones I W Bayer
The notes on pages 25 to 40 form part of these financial statements.
£000
934
1,406
-
2,340
(4,001)
£000
4,905
10,336
15,241
(1,661)
13,580
(154)
(202)
13,224
3,600
3,404
308
5,912
13,224
£000
1,063
1,111
59
2,233
(3,335)
£000
3,912
10,256
14,168
(1,102)
13,066
(136)
(177)
12,753
3,600
3,404
308
5,441
12,753
COMPANY BALANCE SHEET 
As at 30 September 2006
(Restated) 23
Net cash inflow from operating activities
Returns on investments and servicing 
of finance
Interest received
Interest paid
Interest element of hire purchase contracts
Net cash inflow/(outflow) from returns on
investments and servicing of finance
Taxation
UK tax paid
Overseas tax paid
Cash outflow from taxation
Capital expenditure and financial investment
Purchase of tangible fixed assets
Sale of tangible fixed assets
Net cash outflow from capital expenditure
and financial investment
Acquisitions (see note 25)
Acquisition of subsidiary
Net cash acquired on acquisition
Net cash outflow from acquisition
Equity dividends paid
Cash inflow before financing 
Financing
Increase in borrowing
Repayment of bank loan
Capital element of hire purchase contracts
Net cash outflow from financing
Increase in cash in the year
2006 2005
GROUP CASH FLOW STATEMENT
For the year ended 30 September 2006
Note
(i)
(ii)
(ii) & (iii)
£000
123
(63)
(33)
(321)
(1,613)
(1,753)
6
(689)
24
169
(274)
(128)
£000
5,734
27
(1,934)
(1,747)
(665)
(720)
695
(233)
462
£000
44
(109)
(19)
(337)
(1,376)
(1,677)
621
(20)
-
204
(1,163)
(120)
£000
5,467
(84)
(1,713)
(1,056)
(20)
(666)
1,928
(1,079)
849 (i) Reconciliation of operating profit to net 
cash inflow from operating activities
Operating profit
Amortisation of goodwill
Amortisation of debt issue costs
Depreciation
Loss on disposal of tangible fixed assets
Increase in stocks
Increase in debtors
Increase in creditors
2006 2005
£000
5,744
381
-
541
67
(154)
(1,139)
294
5,734
£000
4,763
339
16
436
19
(185)
(95)
174
5,467
(ii) Reconciliation of net cash inflow to 
movement in net funds
Increase in cash in the year
Cash outflow from decrease in debt and lease financing
Changes in net debt resulting from cash flows
New hire purchase contracts
Movement in debt issue costs
Translation difference
Movement in net funds in the year
Net funds/(debt) at 1 October 2005
Net funds at 30 September 2006
2006 2005
£000
462
402
864
(169)
-
(165)
530
2,371
2,901
NOTES TO THE CASH FLOW STATEMENT
For the year ended 30 September 2006 (continued)
24
(iii) Analysis of net funds
Cash in hand and at bank
Bank Overdrafts
Debt due after 1 year
Debt due within 1 year
Hire purchase
£000
4,060
(269)
3,791
(512)
(29)
(349)
2,901
At 30 
September
2006
Non-cash
movement
£000
-
-
-
29
(29)
(169)
(169)
Cash flow
£000
731
(269)
462
-
274
128
864
Exchange
movement
£000
(203)
-
(203)
37
(1)
2
(165)
£000
3,532
-
3,532
(578)
(273)
(310)
2,371
£000
849
1,079
1,928
(101)
(16)
233
2,044
327
2,371
At 1 
October
2005 25
Basis of preparation 
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain fixed assets, and have been prepared in accordance with applicable UK accounting
standards and the UK Companies Act 1985.
The Group has adopted Financial Reporting Standard 21, ‘Events after the balance sheet date’ (FRS 21) in
preparing these financial statements.  The adoption of this standard represents a change in accounting
policy and the comparative figures have been restated accordingly. FRS 21 requires that the Group only
recognise a liability for a dividend at a balance sheet date if it has either been paid during the period or
proposed and approved by Shareholders at the balance sheet date.
The effect of this change in accounting policy was to recognise the final proposed dividend of £467,978 for
the year ended 30 September 2005 in the current financial year.  The proposed final dividend for the
current year of £503,977 will be recognised in the financial year to 30 September 2007 as it has yet to be
approved.
Consolidation
The consolidated financial statements deal with the results and the state of affairs of the Group. Intra-Group
sales and profits are fully eliminated upon consolidation. The results of acquired subsidiaries are included
from the date of acquisition. 
A separate profit and loss account dealing with the results of the Company has not been presented as the
Company has taken advantage of the exemption in section 230 of the Companies Act 1985.
Turnover
Turnover is the total income receivable by the Group in the ordinary course of business for goods supplied
as a principal and for services provided, exclusive of applicable sales taxes. Turnover is recognised upon
transfer of substantial risks and rewards to the customer.
Turnover on long term contracts reflects costs incurred to date plus an estimate of profits attributable to the
work performed to date. For this purpose the estimate of attributable profits will include a proportion of the
total  profits anticipated to be made on the contract. 
Goodwill
Goodwill is calculated as the excess of the fair value of the acquisition consideration over the fair value of
the acquired entity’s assets and liabilities. Goodwill arising on acquisition of subsidiaries is capitalised and
amortised on a straight line basis over the Directors’ estimated useful economic life of the goodwill.  This is
individually assessed for each acquisition, but does not exceed twenty years.
Goodwill arising on acquisitions prior to the implementation of FRS 10 has been written off against the profit
and loss reserve. On disposal of such businesses, goodwill previously written off against reserves is
charged in the calculation of the profit or loss on disposal.
Fixed assets
Depreciation is calculated to write down the cost or valuation of the fixed assets, over their expected useful
lives, at the following annual rates:
Freehold buildings 2-3% Straight line
Short leasehold improvements Over term of lease Straight line
Plant & machinery 10-20% Straight line
Fixtures, fittings & computers 10-33% Straight line
Motor vehicles 25% Reducing balance
No depreciation is charged on freehold land or capital work-in-progress.
Share Options
The exercise price of options granted over shares of the Company is set at the market price at the date of
grant and hence no charge to the profit and loss account is recognised.
NOTES TO THE FINANCIAL STATEMENTS
01 Accounting Policies 
For the year ended 30 September 2006 Stocks and Work In Progress 
Stocks and work in progress are stated at the lower of cost and net resalable value. Cost includes all costs
incurred in bringing each product to its present location and condition, including a reasonable proportion of
manufacturing overheads based on normal levels of activity.
Long term contract balances included in work in progress comprise costs incurred on long-term contracts,
net of amounts transferred to trading expenditure, after deducting foreseeable losses and related payments
on account. Costs include all direct material and labour costs incurred in bringing a contract to its state of
completion at the year-end, including an appropriate proportion of indirect expenses. Provisions for
estimated losses on contracts are made in the period in which such losses are foreseen. Long-term
contract balances do not include attributable profit.  The amount by which customer billings exceed the
turnover recognised on a contract is shown as a payment on account.
Deferred Taxation 
Deferred taxation is provided in full on all material timing differences. Deferred tax assets are recognised
where their recovery is considered more likely than not. Deferred tax assets and liabilities have not been
discounted.
Pension Schemes
The Company operates three money purchase schemes for directors and staff.  The assets of the
schemes are held separately from those of the Group in separately administered funds.  The pension
charge represents contributions payable to the funds during the year.  All US subsidiaries operate a 401(k)
profit sharing plan covering substantially all employees.  Expenses under the plan are charged to the profit
and loss account as incurred.
Research and Development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates
ruling at the balance sheet date.  Exchange differences which arise on the settlement of other transactions
and on the translation of other monetary assets and liabilities are dealt with in the profit and loss account.
The results of the overseas subsidiaries are translated into sterling at the average rates of exchange
prevailing during the year.  The balance sheet of the overseas subsidiaries are translated into sterling at the
rate ruling at the balance sheet date. Exchange gains and losses arising from foreign currency loans taken
out to finance overseas investments are offset against the gains and losses arising on the retranslation of
the subsidiaries opening net assets. The net exchange difference is taken to reserves.
Leased Assets
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.
Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives.
Assets acquired by hire purchase are depreciated over their useful lives.  Finance leases are those where
substantially all of the benefits and risks of ownership are assumed by the Group.  Obligations under such
agreements are included in creditors net of the finance charge allocated to future periods.  The finance
element of the rental payment is charged to the profit and loss account so as to produce a constant
periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases are charged to the profit and loss account as incurred.
Financial Instruments
Finance costs associated with debt instruments are charged to the profit and loss account over the life of
the instruments.  Issue costs are accounted for as a deduction against the gross debt received and are
amortised over the period of the instrument.
Investments
Investments are stated at cost less provision for any permanent diminution in value. Investments in
overseas subsidiaries are retranslated at the rates of exchange ruling at the balance sheet date.
01 Accounting Policies (continued)
26
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 September 2006 (continued) 27
02 Segmental Reporting
United Kingdom
North America
Continental Europe
Other
The analysis of turnover by destination is as follows:
During the current year the Group has embarked upon a major reorganisation of its optoelectronic components activities under the
project name Orion. The new Orion sub-group comprises G&H UK, NEOS, CCI and LE and is aimed at creating a more efficient
and effective integrated global business with greater market presence and extended reach. As a result of this development, the
segmental disclosures below have been realigned to be more consistent with the revised structure of the Group.
As at 1 October 2006 the corporate structure of the Group has also been reorganised, detaching the UK trading company from
Gooch & Housego PLC and establishing a new company, Gooch & Housego UK Ltd, to carry out UK trading activities.
As detailed in note 25. The Group also acquired a 100% interest in ChromoDynamics Inc., a developer of hyperspectral imaging
systems based in the United States, on 6 February 2006.
United Kingdom sales include indirect exports sold through UK based European agents amounting to £176,000 (2005: £279,000).
2006 2005
£’000
2,408
1,621
780
85
4,894
377
-
377
(508)
4,763
(85)
4,678
£’000
2,402
2,305
1,355
19
6,081
428
(157)
271
(608)
5,744
27
5,771
2006 2005
£’000
2,921
10,539
4,669
4,186
22,315
£’000
2,886
12,463
5,480
4,535
25,364
2006 2005
£’000
7,608
5,180
4,459
1,987
19,234
3,081
-
3,081
-
22,315
£’000
7,521
6,378
5,606
2,544
22,049
3,315
-
3,315
-
25,364
2006 2005
£’000
(924)
(304)
(30)
(172)
(1,430)
(123)
-
(123)
-
(1,553)
£’000
(1,603)
(572)
(24)
(286)
(2,485)
(181)
-
(181)
-
(2,666)
2006 2005
£’000
8,532
5,484
4,489
2,159
20,664
3,204
-
3,204
-
23,868
£’000
9,124
6,950
5,630
2,830
24,534
3,496
-
3,496
-
28,030
Optoelectronic 
Components & Materials
Gooch & Housego trading
NEOS Technologies Inc.
Cleveland Crystals Inc.
Landwehr Electronic GmbH
Instrumentation
Optronic Laboratories Inc.
ChromoDynamics Inc.
Gooch & Housego head office
Group total
Net Interest receivable/(payable)
Group profit before taxation
Total 
Turnover
Inter-segment
Sales
Group 
Turnover
Operating
Profit 28
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 September 2006 (continued)
02 Segmental Reporting (continued)
The net assets by segment are as follows:
Optoelectronic Components & Materials
Gooch & Housego trading
NEOS Technologies Inc.
Cleveland Crystals Inc.
Landwehr Electronic GmbH
Instrumentation
Optronic Laboratories Inc.
ChromoDynamics Inc.
Gooch & Housego head office
Total net assets - Continuing
Net funds
Total net assets
2005
£’000
1,779
5,519
4,264
460
12,022
1,115
-
1,115
954
14,091
2,371
16,462
2006
£’000
2,312
5,613
4,732
464
13,121
1,408
522
1,930
920
15,971
2,901
18,872
Net assets
(Restated)
03 Trading Expenditure
Note
4
5
04 Other Operating Income
Other income
2005
£’000
111
2006
£’000
68
2006
£’000
(179)
68
(5,761)
(2,833)
(9,219)
(541)
(774)
(19,239)
(381)
(19,620)
2005
£’000
34
111
(5,064)
(2,643)
(8,313)
(436)
(902)
(17,213)
(339)
(17,552)
Changes in stocks of finished goods and work in progress
Other operating income
Raw materials and consumables
Other external charges
Staff costs
Depreciation
Other operating charges
Goodwill amortisation
Other income represents rental income and other miscellaneous income. 29
The average number of employees during the year were:
The number of Directors who are accruing retirement benefits under a money purchase pension scheme is 2 (2005: 3). 
Details of the remuneration and pension contributions of the highest paid Director are shown in the Remuneration Committee
Report on page 16 and form part of these financial statements.
06 Directors’ Emoluments
Directors’ remuneration
Directors’ pension scheme contributions
2005
£’000
452
53
2006
£’000
399
20
05 Staff Costs
Wages and salaries
Social security costs
Other pension costs
2005
£’000
7,350
669
294
8,313
2006
£’000
8,142
748
329
9,219
Manufacturing 
Sales, Finance and Administration
2005
No.
195
91
286
2006
No.
194
105
299
07 Operating Profit 
Included within auditors remuneration for the audit of the Group are fees for the audit of the Company of £26,250 (2005: £25,000). 
Operating profit is stated after charging:
Amortisation of goodwill
Fees payable to the Company’s auditor for the audit of the Company’s annual financial statements
Fees payable to the Company’s auditor and its associates for other services: 
-  the audit of the Company’s subsidiaries
-  tax compliance and advisory
Research and development costs
Operating lease rental of equipment
Operating lease rental of land and buildings
Loss on disposal of tangible fixed assets
2005
£’000
339
79
29
33
870
5
74
19
2006
£’000
381
77
25
22
946
5
295
67 30
NOTES TO THE FINANCIAL STATEMENTS
08 Other Interest Receivable and Similar Income
Bank deposit interest
2005
£’000
41
2006
£’000
123
09 Interest Payable and Similar Charges
Bank loans and overdraft interest
Hire purchase and finance lease interest
2005
£’000
107
19
126
2006
£’000
63
33
96
10 Taxation
The charge for taxation on the profit for the year is made up as follows:
Current taxation
UK corporation tax 
Double tax relief
Overseas taxation
Adjustments in respect of previous periods
Total current taxation
Deferred Tax
Origination and reversal of timing differences
Total deferred taxation 
Tax on profit on ordinary activities 
Profit on ordinary activities before tax
Profit on ordinary activities at standard rate of tax of 30% (2005:30%)
Permanent differences
Capital allowances for period less than depreciation
Short term timing differences
Foreign tax losses 
Goodwill amortisation
Adjustment in respect of overseas tax rates
Adjustments to tax charge in respect of previous periods
Current tax charge for period
The tax assessed for the period is higher than the standard rate of corporation tax in the UK (30%). The differences are explained
below:
2005
£’000
4,678
1,403
144
14
(5)
(22)
102
170
(15)
1,791
2006
£’000
5,771
1,731
(9)
(67)
(6)
30
114
367
(64)
2,096 
2005
£’000
584
-
1,222
(15)
1,791
(12)
(12)
1,779
2006
£’000
445
(17)
1,732
(64)
2,096
49
49
2,145  31
12 Earnings Per Share
11 Dividends
Interim dividend paid: 1.4p per share (2005: 1.3p)
Final 2005 dividend paid in 2006: 2.6p per share (2005: 2.4p)
The directors have proposed a final dividend for the year ended 30 September 2006 of 2.8p per share that is a total of
£503,977. This dividend has not been accounted for within the current year financial statements as it has yet to be approved.
2005
(Restated)
£’000
234
432
666
2006
£’000
252
468
720
Basic and diluted earnings per share before goodwill amortisation has been shown because, in the opinion of the Directors, it
more accurately reflects the trading performance of the Group.
The calculation of earnings per 20p Ordinary Share is based on the profit on ordinary activities after taxation using as a divisor the
weighted average number of Ordinary Shares in issue during the year.  For 2006 and 2005, the actual number of Ordinary Shares 
in issue throughout the year was 17,999,162.
All share options in respect of which the related performance criteria have been met as at 30 September 2006 and 2005 and
which have an exercise price lower than the average market price of the Group’s share price in the period since issue have been
included in the calculation of diluted earnings per share.
The weighted average number of shares in issue during the year, taking into account the dilutive effect of the share options was
18,435,688 (2005: 18,201,870).
A reconciliation of the earnings used in the earnings per share calculation is set out below:
p per share
16.1p
1.9p
18.0p
15.9p
1.9p
17.8p
£’000
2,899
339
3,238
2,899
339
3,238
p per share
20.1p
2.1p
22.2p
19.7p
2.0p
21.7p
£’000
3,626
381
4,007
3,626
381
4,007
2006 2005
Basic earnings per share
Goodwill amortisation
Basic earnings per share
before goodwill amortisation
Diluted earnings per share
Goodwill amortisation
Diluted earnings per share
before goodwill amortisation NOTES TO THE FINANCIAL STATEMENTS
32
Goodwill arising on the previous acquisitions of NEOS Technologies Inc, Cleveland Crystals Inc and Landwehr Electronic GmbH is
being amortised over twenty years.  Goodwill arising on the current year acquisition of Chromodynamics Inc. is being amortised
over a ten-year period. This is the period over which the directors estimate that the value of the underlying business acquired is
expected to exceed the value of identifiable net assets acquired.
13 Intangible Assets 
Cost
At 1 October 2005 
Acquisition (see note 25)
At 30 September 2006
Amortisation
At 1 October 2005
Charge for year
At 30 September 2006
Net Book value
At 30 September 2006
At 30 September 2005
Total
£’000
6,736
713
7,449
(1,843)
(381)
(2,224)
5,225
4,893
Goodwill
£’000
6,730
661
7,391
(1,837)
(381)
(2,218)
5,173
4,893
Licences
£’000
6
52
58
(6)
-
(6)
52
-
14 Tangible Fixed Assets 
Cost or valuation
At 1 October 2005
Additions
Transfers
Disposals
Exchange rate differences
At 30 September 2006
Depreciation
At 1 October 2005
Charge for the year
Transfers
Disposals
Exchange rate differences
At 30 September 2006
Net book value
At 30 September 2006 
At 30 September 2005
Freehold land and buildings includes a property which was revalued to £360,000 from an historical cost of £52,290. The
revaluation was as at 30 September 1988 by independent qualified valuers, Greenslade Taylor Hunt, on an open market basis for
existing use. Under the transitional rules of FRS 15 ‘Tangible fixed assets’ the revaluation has not been updated. If the property
had not been revalued then its carrying value at the balance sheet date would have been £37,000 (2005: £38,000)
Other than the revalued property referred to above, which has a net book value of £230,400 at the balance sheet date, the
remainder of the freehold land and buildings are carried at cost.
Total Fixtures,
fittings &
computers
Motor 
vehicles
Plant &
machinery
Freehold 
land &
buildings
£’000
2,721
115
-
(1)
(59)
2,776
390
82
-
(1)
(7)
464
2,312
2,331
£’000
232
51
-
-
(16)
267
129
22
-
-
(9)
142
125
103
£’000
5,166
454
232
(64)
(108)
5,680
3,337
354
-
(42)
(76)
3,573
2,107
1,829
£’000
777
116
157
(338)
(21)
691
667
78
-
(292)
(16)
437
254
110
£’000
52
13
-
(36)
-
29
42
5
-
(29)
-
18
11
10
Capital 
Work in
Progress
£’000
1,116 
980 
(389)
- 
-
1,707
- 
-
-
- 
- 
-   
1,707
1,116 
£’000
10,064
1,729
-
(439)
(204)
11,150
4,565
541
-
(364)
(108)
4,634
6,516
5,499
Group
Leasehold
property 33
14 Tangible Fixed Assets (continued)
Cost or valuation
At 1 October 2005
Additions
Transfers
Disposals
At 30 September 2006
Depreciation
At 1 October 2005
Charge for the year
Disposals
At 30 September 2006
Net book value
At 30 September 2006
At 30 September 2005
Plant and machinery
Company
Assets purchased under hire purchase and finance lease
agreements are as follows:
Cost
Depreciation
Net book value at 30 September 2006
2005
£’000
602
(165)
437
2006
£’000
832
(227)
605
Assets purchased under hire purchase and finance lease agreements are as follows:
Cost
Depreciation
Net book value at 30 September 2006
2005
£’000
628
(175)
453
2006
£’000
900
(270)
630
Plant and machinery
Total Fixtures,
fittings &
computers
Motor 
vehicles
Plant &
machinery
Capital 
Work in
Progress
£’000
1,116 
980 
(389)
-
1,707
- 
-
- 
-   
1,707
1,116 
£’000
1,884
-
-
-
1,884
311
29
-
340
1,544
1,573
£’000
3,183
282
232
-
3,697
1,992
230
-
2,222
1,475
1,191
£’000
442
39
157
(288)
350
420
50
(288)
182
168
22
£’000
52
13
-
(35)
30
42
6
(29)
19
11
10
£’000
6,677
1,314
-
(323)
7,668
2,765
315
(317)
2,763
4,905
3,912
Freehold 
land &
buildings NOTES TO THE FINANCIAL STATEMENTS
34
Particulars of subsidiary companies, all of which are wholly owned, are as follows:
Name of Company Location Activity Country
Optronic Laboratories Inc. Florida Manufacturer of instruments for measuring optical radiation United States of America
Cleveland Crystals Inc. Ohio Specialist manufacture of crystals United States of America
NEOS Technologies Inc. Florida Manufacture of acousto-optic devices United States of America
Landwehr Electronic GmbH Hamburg Manufacturers of radio frequency electronics Germany
ChromoDynamics Inc. New Jersey Developer of hyperspectral imaging systems United States of America
Gooch & Housego Inc. Florida US holding company United States of America
15 Fixed Asset Investments
At 1 October 2005
Acquisitions (see note 25)
Current year exchange movement
At 30 September 2006
2005
£’000
9,981
-
275
10,256
2006
£’000
10,256
689
(609)
10,336
Raw materials
Work in progress
Finished goods
Group
£000
1,793
1,279
803
3,875
Company
£000
517
401
16
934
Group
£000
1,611
1,439
822
3,872
Company
£000
385
648
30
1,063
2006 2005
Trade debtors
Other debtors
Prepayments
Deferred tax asset
Group
£’000
4,087
49
134
203
4,473
£’000
1,361
6
39
-
1,406
Company
£’000
1,095
3
13
-
1,111
Company Group
£’000
3,151
22
90
227
3,490
2006 2005 17 Debtors
16 Stocks
In addition, with effect from 1 October 2006, the trading activities of Gooch & Housego Plc have been transferred into a new UK
trading company, Gooch & Housego UK Limited. 35
Bank loans and overdraft
Payments on account
Amounts owed to subsidiary undertaking
Trade creditors
Hire purchase creditor
Other creditors
Taxation
Other taxation and social security
Accruals
Group
£000
298
176
-
983
182
-
703
145
1,909
4,396
Company
£000
269
- 
1,884
701
166
-
384
90
507
4,001
Group
£000
274
-
-
1,045
147
131
399
82
1,829
3,907
Company
£000
154
- 
1,436
718
127
1
324
82
493
3,335
2006 2005
18 Creditors:  Amounts Falling Due Within One Year
19 Creditors:  Amounts Falling Due After More Than One Year
Bank loan
Hire purchase creditor
Group
£000
512
167
679
Company
£000
-
154
154
Group
£000
577
163
740
Company
£000
-
136
136
2006 2005
Within 1 year
Between 2 to 5 years
Over 5 years
Group
£000
29
118
394
541
Company
£000
-
-
-
-
Group
£000
274
121
456
851
Company
£000
154
-
-
154
2006 2005
Within 1 year
Between 2 to 5 years
Over 5 years
The hire purchase creditor is secured on the assets concerned and is payable as follows:
Group
£000
182
167
-
349
Company
£000
166
154
-
320
Group
£000
147
94
69
310
Company
£000
128
75
61
264
2006 2005
The UK Company bank overdraft is secured by a fixed and floating charge over the Group’s assets.  Interest is charged variable
rates at 2% above LIBOR.  The sole bank loan outstanding at 30 September 2006 is an amount of £541,000 which is secured
by a charge over the new building occupied by Neos Technologies Inc in Melbourne, Florida, USA.  The total loan amount
outstanding at 30 September 2006 of £541,000 (2005: £851,000) is payable as follows:- 
(Restated) NOTES TO THE FINANCIAL STATEMENTS
36
UK Sterling
US Dollars
Total
20 Financial Instruments
2005
Total
Floating rate
borrowings
2006 
Total
Fixed rate
weighted
average
interest rate
£’000
320
29
349
%
6
6
Fixed rate
weighted
average
period
Years
2
3
£’000
269
541
810
£’000
589
570
1,159
£’000
418
743
1,161
Fixed rate
borrowings
No element of the floating rate borrowings is capped.  The Group at 30 September 2006 had £481,000 (2005: £750,000)
available of undrawn overdraft facilities.  The facility is due for review in September 2007.  
A new multi-currency overdraft facility of £5,000,000 was agreed in October 2006.
The market value of the loans and hire purchase obligations is not significantly different to the carrying value.
The Group’s total cash and bank balances of £4,060,000 (2005: £3,532,000) are all US dollar denominated with the exception of
£287,000 which is Euro denominated.  All bank balances are held in standard commercial bank accounts and earn interest based
on relevant national LIBOR equivalents.
Short term debtors and creditors, except for the bank overdraft, hire purchase contracts and finance lease agreements, have
been excluded from the above disclosures.
The group’s risks and policies regarding financial instruments are disclosed in the Directors’ Report. 37
Balance at 1 October 2005
Charge to profit and loss account
Balance at 30 September 2006
21 Deferred Taxation
The deferred tax liability provided for in the financial statements can be analysed as follows:
In addition to the above a deferred tax asset of £203,000 (2005: £227,000) is included within debtors (see note 17), 
in respect of short term timing differences. The movement in the deferred tax asset during the period is shown below;
Accelerated capital allowances
Other timing differences
Total deferred taxation
2006
£000
251
(49)
202
2005
£000
200
(23)
177
2006
£000
251
(49)
202
Group Company
22 Called Up Share Capital
Authorised
24,000,000 Ordinary shares of 20p each
Allotted, issued and fully paid
17,999,162 Ordinary shares of 20p each
2006
£000
4,800
3,600
Balance at 1 October 2005 
Charge to the profit and loss account 
Balance at 30 September 2006 
2006
£000
227
(24)
203
The movement in the Group and the Company deferred tax liability balances during the period are as follows:
2005
£000
4,800
3,600
Group
£000
177
25
202
Company
£000
177
25
202
2005
£000
200
(23)
177 NOTES TO THE FINANCIAL STATEMENTS
23 Reserves
38
The net foreign exchange gain on foreign currency denominated borrowings for the period was £182,000, all of which has been
offset against the loss on foreign currency net investments.
As permitted by Section 230 of the Companies Act 1985, the Company’s profit and loss account has not been included in the
financial statements.  The Company profit after taxation for the financial year is £1,618,000 (2005: £2,336,000).  
8,682
468
9,150
2,906
(496)
11,560
Profit and
loss account
£000
Revaluation
reserve
£000
308
-
308
-
-
308
Share
Premium
account
£000
3,404
-
3,404
-
-
3,404
At 1 October 2005 as previously reported
Prior year adjustment - FRS 21 - see page 25
At 1 October 2005 - restated
Retained profit for the year
Currency translation differences on foreign currency net investments
At 30 September 2006
The net foreign exchange gain on foreign currency denominated borrowings for the period was £182,000, all of which has been
offset against the loss on foreign currency net investments.
Prior to the implementation of FRS 10 “Goodwill and Intangible assets”, the Group’s policy was to write off Goodwill directly
against reserves. A cumulative total of £1,335,000 has been taken to reserves under this policy.
Group
4,973
468
5,441
898
(427)
5,912
Profit and
loss account
£000
Revaluation
reserve
£000
308
-
308
-
-
308
Share
Premium
account
£000
3,404
-
3,404
-
-
3,404
At 1 October 2005
Prior year adjustment - FRS 21 - see page 25
At 1 October 2005 - restated
Retained profit for the year
Currency translation differences on foreign currency net investments
At 30 September 2006
Company 39
24 Reconciliation of Movements in 
Equity Shareholders’ Funds
Profit on ordinary activities after taxation
Dividends in year
Other recognised gains and losses 
Net addition to shareholders’ funds
Opening shareholders’ funds as previously reported
Prior year adjustment - FRS21 - see page 23
Opening shareholders’ funds - restated
Closing shareholders’ funds
Group
£000
Company
£000
2,899
(666)
2,233
234
2,467
13,563
432
13,995
16,462
Group
£000
2,336
(666)
1,670
74
1,744
10,577
432
11,009
12,753
3,626
(720)
2,906
(496)
2,410
15,994
468
16,462
18,872
1,618
(720)
898
(427)
471
12,285
468
12,753
13,224
Company
£000
2006 2005
28
24
1
(25)
28
661
689
Fair value
£000
28
24
1
(25)
28
Intangible fixed asset
Cash at bank
Other debtors
Creditors
Goodwill (see note 13)
Total consideration
On 6 February 2006, the Group acquired the entire share capital of ChromoDynamics Inc. (CDI), a developer of hyperspectral
imaging systems.  The company is based in the United States and was acquired for a cash consideration of £655,556
(US$1,180,000) plus acquisition expenses of £34,135.  
The acquisition accounting approach has been adopted in respect of the acquisition.
Prior to its acquisition, CDI had a 30 June year end.  For the year to 30 June 2005, CDI reported a loss after tax of US$50,924
and for the period to 5 February 2006, reported a profit before tax of US$17,800.
The book values of CDI’s assets and liabilities at the date of acquisition along with the directors’ provisional assessment of their
fair value at the balance sheet date are shown below:
The goodwill recognised in respect of the acquisition is to be amortised on a straight line basis over its useful economic life,
which has been assessed by the directors to be ten years from the date of acquisition.
25 Acquisition
Book value  
£000
-
-
-
-
-
Provisional 
fair value
adjustment
£000
(Restated) NOTES TO THE FINANCIAL STATEMENTS
40
Within 1 year
Between 2 to 5 years
Over 5 years
Land and buildings Other
27 Operating Leases
At 30 September 2006 the Group had the following annual commitments under operating leases which expire as follows:
28 Related Party Transactions
Other than the agreement referred to on page 16, no material contracts or arrangements have been entered into during the year,
nor subsisted at the end of the year, in which a director or key manager had a material interest.
Under the provisions of FRS 8 “Related Party Disclosures” transactions and balances with subsidiary companies which are more
than 90% owned by the Group are not separately disclosed.
2006
£000
24
98
202
324
2005
£000
-
98
174
272
2006
£000
-
8
-
8
2005
£000
-
6
-
6
26 Capital Commitments
Authorised and contracted for but not provided
2005
£000
230
2006
£000
347 41
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the Annual General Meeting of the Company will be held at the offices of Burges Salmon,
Narrow Quay House, Narrow Quay, Bristol BS1 4AH on 14 February 2007 at 11.00a.m. for the following purposes.
To be transacted as ordinary business
1 To receive and adopt the Report of the Directors and the Financial Statements for the year ended 30 September 
2006 together with the Report of the Independent Auditors thereon.
2 To confirm and declare a final dividend for the year ended 30 September 2006 of 2.8p per share.
3 To re-elect Mr G C W Jones as a Director.
4 To re-appoint Dr J Blogh as a Director.
5 To re-appoint Mr T Scribbins as a Director.
6 To re-appoint Messrs PricewaterhouseCoopers LLP as Auditors.
7 To authorise the Directors to fix the remuneration of the Auditors.
To be transacted as ordinary business
To consider and, if thought fit, to pass the following resolutions, in the case of resolution 8 as in Ordinary Resolution and
in the case of resolution 9 as a Special Resolution.
Ordinary Resolutions
8 THAT, the Directors of the Company be, and they are hereby, generally and unconditionally authorised in accordance 
with section 80 of the Companies Act 1985 (‘the Act’), in substitution for any existing authority, to allot, grant options 
over, or otherwise deal with or dispose of any relevant securities of the Company (within the meaning of section 80 of 
the Act) on, and subject to, such terms as the Directors may determine.  The authority hereby conferred shall, subject
to section 80 of the Act, be for a period commencing on the date of the passing of this Resolution and expiring on 
the date of the next Annual General Meeting of the Company or 14 May 2008 (whichever is the earlier) unless 
reviewed, varied or revoked by the Company in General Meeting and the maximum nominal amount of relevant 
securities which may be allotted pursuant to such authority shall be £1,200,168.  The Directors shall be entitled under
such authority or any renewal thereof to make at any time prior to the expiry of such authority and any offer or 
agreement which would or might require relevant securities of the Company to be allotted after the expiry of such 
authority and the Directors may allot relevant securities in pursuance of such offer or agreements as if such authority 
had not expired.
Special Resolutions
9 THAT the Directors of the Company be, and they are hereby, generally and unconditionally empowered pursuant to 
section 95 of the Act, in substitution for any existing authority, to allot equity securities (as defined in section 94(2) of 
the Act) pursuant to the authority referred to in Resolution 8 above as if section 89(1) of the Act did not apply to such 
allotment, provided that the power hereby conferred shall be limited to the allotment of equity securities:
(i) in connection with an offer of securities, open for acceptance for a period fixed by the Directors, by way of rights 
to the holders of Ordinary Shares in proportion (as nearly as may be) to the respective numbers of Ordinary 
Shares held by them on a record date fixed by the Directors and subject to such exclusions or other 
arrangements as the Directors may deem necessary or expedient to deal with problems under the laws of any 
territory or the requirements of any regulatory body or any stock exchange in any territory or in connection with 
fractional elements or otherwise howsoever; and
(ii) otherwise than pursuant in sub-paragraph (a) above of equity securities up to an aggregate nominal value of 
£179,991, representing 5% of the total ordinary share capital in issue at 10 January 2007 and shall expire on the 
date of the next Annual General Meeting of the Company after the passing of this Resolution or 14 May 2008 
(whichever is the earlier), save that the Company may before such expiry make an offer or agreement which would
or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in 
pursuance of such offer or agreement as if the power conferred hereby had not expired.
By order of the Board
I W Bayer
Secretary 10 January 2007
Registered Office: The Old Magistrates Court, Ilminster, Somerset TA19 0AB
Notes:
1 A member is entitled to appoint a proxy or proxies to attend and, on a poll, vote instead of him.  A proxy need not be a member of the Company.  A form of 
proxy is enclosed.  Proxies must by deposited at the registered office of the Company not less than 48 hours before the time for holding the meeting.
2 Copies of Directors’ service agreements, the register of Directors’ interests and the rules of the Gooch & Housego Plc 2004 Company Share Option Scheme
will be available for inspection at the registered office of the Company from now until the date of the meeting during normal business hours, and at the place 
of the meeting from 10.45 a.m. until its conclusion. NOTES
42 GOOCH & HOUSEGO PLC
(THE “COMPANY”)
Proxy form for use by ordinary shareholders at the Annual General Meeting to be held on
14 February 2007.
I/We
of
being (a) member(s) of the Company hereby appoint the chairman of the meeting or as my/our proxy to vote for me/us and on
my/our behalf at the Annual General Meeting of the Company to be held on 14 February 2007 and at every adjournment
thereof.  I/We request such proxy to vote on the following resolutions as indicated below:
Resolution For Against
1 To receive and adopt the Directors Report and Accounts
2 To declare a final dividend
3 To re-elect Mr G C W Jones as a Director
4 To re-appoint Dr J Blogh as a Director
5 To re-appoint Mr T Scribbins as a Director
6 To re-appoint PricewaterhouseCoopers LLP as auditors
7 To authorise the Directors to fix the Auditors’ remuneration
8 Authorisation to allot shares
9 Partial disapplication of pre-emption on allotment
Please sign below:-
Signature ................................................... Names of joint holders (if any) ...................................................
Date ................................................... 2007
Completed Proxies should be returned to Capita IRG plc, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4BR
Notes:
1 Please indicate with an ‘x’ in the appropriate boxes how you wish the proxy to vote.  The proxy will exercise his 
discretion as to how he votes or whether he abstains from voting:
(i) on any resolution referred to above if no instruction is given in respect of that resolution and
(ii) on any business or resolution considered at the meeting other than the resolutions referred to above.
2 If you wish to appoint someone other than the Chairman of the meeting as your proxy please delete the words ‘the 
chairman of the meeting’ and insert the name of the person you wish to appoint.  A proxy need not be a member of 
the Company.
3 To be effective this form, and any power of attorney under which it is executed (or duly certified copy if any such 
power of authority), must be deposited at the Company’s Registrars, Capita IRG Plc, The Registry, 34 Beckenham Road, 
Beckenham, Kent BR3 4BR not less than 48 hours before the time for holding the meeting.
4 Where the member is a corporation this form must be under its common seal or signed by an officer, attorney or other 
person duly authorised by the corporation.
5 In the case of joint holders only one need sign this form, but the names of the other joint holders should be shown in 
the space provided.  The vote of the senior holder who tenders a vote, whether in person or by proxy, will be 
accepted to the exclusion of the votes of the other joint holders.  Seniority will be determined by the order in which 
the names of the holders appear in the register of members in respect of the joint holding.
6 Deposit of a form of proxy does not preclude you from attending and voting in person at the meeting or at any 
adjournment thereof. Capita IRG plc
PO Box 25
The Registry 
34 Beckenham Road
Beckenham 
Kent 
BR3 4BR
Business Reply Service
License No. MB 122
Second fold
First fold
Third fold and tuck in
1 1  Gooch & Housego PLC
The Old Magistrates Court, Ilminster, 
Somerset, TA19 OAB, UK
T +44 (0) 1460 52271   F +44 (0) 1460 54972 
E sales@goochandhousego.com