2 Underlying profit and separately disclosed items

Underlying profit before tax
5,002 3,773

Separately disclosed items within administrative expenses

IFRS 2 share-based payment charge
(227) (189)
Intangible amortisation 13 (281) (261)
Acquisition expenses
Restructuring credit/(costs)
656 (801)
Profit from continuing operations before tax
4,759 2,522

The acquisition expenses refer to costs: predominantly legal and accountancy fees in relation to due diligence required in the recent purchase of the Malaysian company Power Steel & Electro-Plating Works SDN Bhd (PSEP) in December 2011.

The 2012 restructuring credit of £0.66 million comprises £0.84 million of provision releases in respect of onerous leases that have been surrendered with potential liabilities up to 2017. The costs in relation to this had previously been provided and separately disclosed. This was offset by £0.18 million costs incurred to close one of our sites in the US; the majority of these costs refer to redundancies and an onerous lease.

The 2011 restructuring costs of £0.80 million include £0.63 million in relation to moving our Chinese manufacturing plant in Suzhou out from the Free Trade Zone into local premises of one of our Strategic Alliance Partners. The remaining £0.17 million refers to 'Right sizing' our portfolio of properties within the UK.