The face of the balance sheet gives one debt number. Covenant work needs the maturity ladder, the lease schedule and the headroom on committed facilities — and those live in the notes. PDPilot reads them from the note pages you name and reconciles them to the statements.
Leverage covenants, refinancing risk and liquidity headroom are judged on data the primary statements do not carry: when the debt falls due, how much of it is secured, what the undiscounted lease commitments are, and how much of the committed facilities is still undrawn. Analysts find these in the borrowings and lease notes — different tables in every report — and key them by hand.
Since release 1.4.67 PDPilot reads these notes. The note pages are an optional fourth input next to the balance sheet, P&L and cash-flow pages; they can be given at upload or attached later to an existing document without re-running the statements. Image-only note pages go through the same OCR path as the statements.
Band lists ("within one year / one to five years / after five years"), band matrices with several instruments across bands, instrument tables with a maturity per line, and carrying-amount lists.
The undiscounted lease-payment schedule by band and the lease liability recognised on the balance sheet.
The undrawn amount of committed credit lines as stated in the running text of the note.
Every value is the sum of named, displayed lines and lists the lines it sums. Nothing is estimated.
| Field | Derived from |
|---|---|
| Gross debt | The admitted debt maturity table. |
| Due within one year / one to five years / over five years | The maturity bands of that table. |
| Secured debt | Lines identified as secured in the borrowings note. |
| Undrawn facilities | The facility amount read from the note's prose. |
| Undiscounted lease commitments | The lease maturity schedule. |
| Lease liability | The lease liability line of the lease note. |
| Net debt | Gross debt minus the balance-sheet cash of the same document. |
Reconciliation flags validate, they never override. Gross debt is compared with the balance-sheet borrowings, the lease liability with the balance-sheet lease line, and net debt with the net debt used by the indicative rating. A mismatch is a visible flag on the field; the field keeps the value read from the note. When the note page does not declare its unit, the flags stay blank rather than guess.
Under the cash flow in the document view: the admitted tables with their bands, the covenant fields with their terms and flags, the provenance of each table, and an inline form to attach note pages.
A "Notes / off-balance" section in the generated credit memo, with the values copied from the served block.
The note pages are a field of the extraction call; the block is served with the document view and on its own endpoint, and pages can be attached to an existing document by a separate call.
Version 1 covers debt and lease maturities and undrawn facilities as published in IFRS annual reports; contingent liabilities, guarantees and related-party commitments are not read yet. As with the statements, the engine is measured on a reference cohort whose truths were read by eye, and a change only ships when no document in the cohort goes backwards.
No. The pages given are read exactly; nothing is hunted. That keeps the provenance of every field simple: it came from a page the analyst named.
It is shown as rejected, with the reason, and no field is derived from it. A rounding difference of one print unit per summed line is tolerated; anything larger is treated as a finding.
No. The covenant fields carry reconciliation flags against the rating's net debt, but they do not feed the rating model.
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