BC10 The Exposure Draft proposed the following approach to the year‑to‑date calculation of diluted earnings per share:

(a) The number of potential ordinary shares is a year‑to‑date weighted average of the number of potential ordinary shares included in each interim diluted earnings per share calculation, rather than a year‑to‑date weighted average of the number of potential ordinary shares weighted for the period they were outstanding (ie without regard for the diluted earnings per share information reported during the interim periods).

(b) The number of potential ordinary shares is computed using the average market price during the interim periods, rather than using the average market price during the year‑to‑date period.

(c) Contingently issuable shares are weighted for the interim periods in which they were included in the computation of diluted earnings per share, rather than being included in the computation of diluted earnings per share (if the conditions are satisfied) from the beginning of the year‑to‑date reporting period (or from the date of the contingent share agreement, if later).