Delima Bhd made the following investments on 1 September 2022 and the transactions have not been recorded in the business book. The companys investment comprised of the following:

a) 5 million ordinary shares of Emas Bhd (quoted in the KLSE) bought at the cost of RM10,000,000 excluding the transaction cost of RM10,000. These shares are classified as held for trading. Emas Bhds share price on 31 December 2022 was RM1.85 per share.

b) 6 million ordinary shares of Zamrud Bhd (unquoted) bought at the cost of RM10,000,000 including transaction cost of RM12,000. The investment is not held for trading as Delima Bhd foresees that this investment is not favorable. Delima Bhd makes an irrevocable election at initial recognition to classify at fair value through other comprehensive income. The market value on 31 December 2022 was RM10,300,000.