On 1 October 2020 Falmer Co hired a machine under a four-year lease. A deposit of 500,000 was payable on the commencement of the lease 1 October 2020. The present value of the future lease payments was 1,361,624. A further three instalments of 500,000 are payable annually in advance. The interest rate implicit in the lease is 5%. What amount will appear under non-current liabilities in respect of this lease in the statement of financial position of Falmer Co at 30 September 2021? [Answer round to nearest 000]