Table:
|  | FY19 | FY18 | Change |
| --- | --- | --- | --- |
|  | $M | $M | % |
| Shareholder distributions – dividends1 | 23.9 | 21.8 | 10% |
| Total employee expenditure2 | 370.1 | 361.9 | 2% |
Paragraphs:
Relative importance of spend on pay
The following table shows, for FY19 and FY18, the actual expenditure and percentage change in total employee costs and percentage change in distributions to shareholders.
1 Represents dividends paid in each financial year
2 Total employee expenditure includes wages and salaries, social security costs, pension and other costs and share-based payments, see note 10 of the Financial Statements
Question:
What does shareholder distributions - dividends in the table represent?