An entity acquires a 6% Rs. 1,000 Term Finance Certificate (TFC), a financial asset, for Rs. 970 at the beginning of Year 1. Interest is receivable annually in arrears. 

The TFC is redeemable at the end of Year 3 at a premium of 3%. The financial asset is measured at amortized cost. The effective interest rate of the financial instrument has been calculated at 8.1%.

 Required    Calculate the closing statement of financial position figure at the end of Year 2. Work to the nearest Rupee

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