Reading the books.
The label and publisher: what the catalogue earned on each of its two copyrights, and where an artist stands against an advance.
· · read from
Read from . Every figure on this screen opens its own workings, down to the vouchers behind it.
Ranked by standing first — what is already true before what is still ahead — then by the finding’s figure as a share of that company’s revenue for the period, largest first. A shortfall or a breach outranks any share.
Never by amount, because the bases behind them are not the same thing measured twice.
Tested: the period for a loss before tax; the thirteen week forecast for a week when cash on its own runs out; every covenant against the limit it was last tested at.
One check did not run, because did not answer. Anything it would have found is not here; the read is named under Data quality.
Six rows at most, in two columns, adverse first: what needs acting on before what needs watching, and a clear row only where a test ran and found nothing. The rest is under Data quality at the foot of the screen, so the face never grows past what a reader can act on in a glance.
Every check that ran came back with nothing to act on, and some did not run.
That is a result rather than an absence. What was tested is under Source, so the silence can be read for what it covers.
No company on this register keeps a statement register.
One mark a reason the statement loader recorded, against what the register has reported.
The royalty statements. The lines that still stand, once each restatement has displaced the line it names.
A statement line that fails to match an identifier goes to a holding pool rather than to the nearest plausible recording, because allocating on a guess is how one artist is paid another’s royalties.
The reason is what a reader can act on: an identifier the catalogue does not hold is a registration to make or a payment to send back, and a line with no identifier at all is a statement to have reissued. The catalogue screen lists every line under its reason.
This company holds fewer than two months of revenue to Aug 2026.
, the twelve months to Aug 2026.
The monthly summary, the twelve months to Aug 2026. Revenue at each month end.
Twelve bars rather than a line: a month’s revenue is a discrete figure and a bar states it, where a line would draw a trend through months that are each their own fact. Each bar opens its month.
Fewer than two months to Aug 2026.
Nothing was posted that could be combined for this period.
AED million, Aug 2026.
The monthly summary, Aug 2026. Every step opens the month or the months it was added from.
Nothing here is translated at a rate this application chose, so nothing is shown rather than a figure that cannot be checked. Every company's own figures are further down this screen, each in the currency it keeps its books in.
Claims and price protection stand here on the running account, which reads the claim lines; this screen does not, and a read is not added in this phase. Open the running account for the claim pipeline.
No steps, Aug 2026: revenue, cost of sales, gross profit, overhead, EBITDA, depreciation, finance cost and profit before tax, with the add-back drawn where there is one.
No amortisation is added back: every company here charges its depreciation in its own account, outside cost of sales, so gross profit less overhead is EBITDA.
Tested: revenue less cost of sales is gross profit; gross profit less overhead, plus any add-back, is EBITDA; EBITDA less depreciation and finance cost is profit before tax — each within one unit, on every reading.
the ratio definitions hold fewer than two months of net margin to Aug 2026.
Profit before tax as a share of revenue, month by month.
The ratio definitions, the twelve months to Aug 2026.
Stock by age stands here on the running account, which reads the stock positions; this screen does not, and a read is not added in this phase.
Fewer than two months of net margin to Aug 2026.
the monthly summary holds fewer than two month-end cash balances to Aug 2026.
A balance at each month end, never added.
The monthly summary, the twelve months to Aug 2026.
Sell-in against sell-out stands here on the running account, which reads the channel movements; this screen does not, and a read is not added in this phase.
Fewer than two month-end balances to Aug 2026.
the ratio definitions hold no working capital days at Aug 2026.
Days, as at 31 Aug 2026. Receivable and stock days above the line, payable days beneath it. Days compare across currencies where an amount does not, which is why these companies stand beside one another here and no chart on this screen sets their revenue side by side.
The heavy rule across each bar is the cycle.
The heavy rule across each bar is the cash conversion cycle as the ratio definitions states it, and not the three segments added up here.
The ratio definitions, Aug 2026. Every figure is computed where the ledger is. A cycle is stated by the view and never added up on this screen, so a disagreement between the rule and the segments under it is visible rather than averaged away.
Three legs and a rule: receivable and stock days above the line, payable days beneath it, and the cycle drawn across each bar as the ratio definitions state it rather than as the three added up here, so a disagreement between the rule and the segments shows on the drawing. Days compare across currencies where an amount does not.
No companies as at 31 Aug 2026: .
Every company posted revenue in the month.
No committed facility on this register carries a covenant with a figure against it.
Committed facilities, as last tested. The rule is the limit.
Each covenant against the limit its own facility agreement sets, as last tested. Committed facilities only: an uncommitted line is not liquidity but a hope, so headroom measured against one is not headroom. Every row is on its own scale — a leverage multiple and an interest cover are not the same measure and do not share an axis.
The facility agreements, Aug 2026. The figure, the limit and the comparison between them are the agreement’s own, as the lender last tested it. Nothing here re-measures a covenant against the ledger: the two would disagree, and the one that matters is the one the lender used. The thresholds themselves are assumed — the facility agreements are not held.
A bullet a covenant, each on its own scale: a leverage multiple and an interest cover are different measures and do not share an axis. Committed facilities only, because headroom against a line a lender may decline is not headroom. The limit is the dashed rule, and a bar that crosses it is drawn in the signal ink.
No covenant with a figure and a limit.
Every covenant on a committed facility carries a figure and a limit.
Tested: each covenant’s figure against its limit on the side its operator names — a floor is breached from below, a ceiling from above.
the cash runway holds no forecast for this company.
These companies keep their books in three currencies and nothing on this screen translates them, so a closing balance in one does not order against a balance in another. A number of weeks is a count and a low point over its own opening is a ratio; both mean the same thing whichever books they came out of.
The cash runway.
The thirteen weeks ahead, as the forecast holds them; nothing was readable to draw.
no forecasts held of no read.
0 action · 0 watch · 3 clear · 1 not run.
Ranked by standing first — what is already true before what is still ahead — then by the finding’s figure as a share of that company’s revenue for the period, largest first. A shortfall or a breach outranks any share.
Never by amount, because the bases behind them are not the same thing measured twice.
Read from . 8 reads were made for this screen and 7 answered; 1 did not, and the line names it. Every figure on this screen opens its own workings, down to the vouchers behind it.
Tested: the period for a loss before tax; the thirteen week forecast for a week when cash on its own runs out; every covenant against the limit it was last tested at.
None.