116 Dialog Semiconductor Plc | Annual report and accounts 2012  |  Section 5 | Company financial statements and notes Company financial statements  Notes to the Company financial statements For the year ended 31 December 2012  This represents the investment of the Company in Dialog Semiconductor GmbH and Dialog Semiconductor BV and in 2012 also the newly created  subsidiaries in Italy and Turkey. Investments in subsidiaries are stated at cost less any provision for impairment in value. The aggregate amount of capital and reserves and the results of this undertaking were as follows:  29. Investments  Based on preliminary unaudited results.  The utilisation of tax loss carryforwards and temporary differences of the holding company is subject to the achievement of positive income in periods  which are beyond the company’s current business plan and therefore this utilisation is uncertain. Consequently no deferred tax assets were recognised  for these losses and temporary differences. Details of the Company’s share capital and share options are set out in notes 19 and 21 to the consolidated financial statements as at  31 December 2012.  The Company does not have any employees.  There are no known events after the date of the Statement of Financial Position that require disclosure.  33. Events after the reporting period  32. Headcount and costs  31. Share capital and share options  30. Deferred tax  2012  US$000 2011 US$000 Capital and reserves  155,927  147,048 Profit for the year  99,323  65,145