Table:
|  | 31 March 2019 | 31 March 2018 |
| --- | --- | --- |
|  | $M | $M |
| Investment in Sophos Holdings Limited | 1,035.8 | 1,035.8 |
| Investment in Sophos Limited | 94.8 | 63.3 |
| At 31 March | 1,130.6 | 1,099.1 |
Paragraphs:
3 Investments
The investment in Sophos Holdings Limited, a holding company for the Sophos Group, comprises 100% of the ordinary share capital.
The investment in Sophos Limited comprises share-based payment expenses for equity awards granted to participants employed by Sophos Limited and its subsidiaries.
Question:
What does the investment in Sophos Limited comprise?
Answer: share-based payment expenses for equity awards granted to participants employed by Sophos Limited and its subsidiaries.