Table:
|  | 2019 | 2018 |
| --- | --- | --- |
|  | $’000 | $’000 |
| Dividends paid during the year (net of dividend re-investment) |  |  |
| 4 cent per share final dividend paid 27 September 2018 – fully franked1 | 7,319 |  |
| 3 cent per share final dividend paid 30 September 2017 – fully franked |  | 5,175 |
| 3 cent per share interim dividend paid 29 March 2019 – fully franked | 5,318 |  |
| 3 cent per share interim dividend paid 29 March 2018 – fully franked |  | 5,217 |
|  | 12,637 | 10,392 |
| Proposed dividend not recognised at the end of the year | 5,922 | 7,865 |
| Dividends franking account |  |  |
| 30% franking credits, on a tax paid basis, are available to shareholders of Hansen Technologies Ltd for subsequent financial years | 1,586 | 3,125 |
Paragraphs:
20. DIVIDENDS
A regular dividend of 3 cents per share has been declared. This final dividend of 3 cents per share, partially franked to 2.6 cents per share, was announced to the market on 23 August 2019. The amount declared has not been recognised as a liability in the accounts of Hansen Technologies Ltd as at 30 June 2019.
1. The final dividend paid of 4 cents per share, franked to 4 cents, comprised of an ordinary dividend of 3 cents per share, together with a special dividend of 1 cent per share.
The above available amounts are based on the balance of the dividend franking account at year end adjusted for: • franking credits that will arise from the payment of any current tax liability; • franking debits that will arise from the payment of any dividends recognised as a liability at year end; • franking credits that will arise from the receipt of any dividends recognised as receivables at year end; and • franking credits that the entity may be prevented from distributing in subsequent years.
Question:
What was the percentage change in franking credits between 2018 and 2019?
Answer: (1586 - 3125) / 3125  = -49.25