On 1 January 20X6 Fellini Co hired a machine under a four-year lease. A deposit of $700,000 was payable on the commencement of the lease on 1 January 20X6. The present value of the future lease payments was $1,871,100. A further 3 instalments of $700,000 are payable annually in advance. The interest rate implicit in the lease is 6%. What amount will appear under non-current liabilities in respect of this lease in the statement of financial position of Fellini Co at 31 December 20X6? [Answers to nearest $'000]