The "Referrers Report" displays the web pages that have been verified and are definitely linking to your website. This information is only available after you've ran an update that had the "Verify Link Status" option enabled.

The Referrers Report is tied to a date: the date when a Verify Link Status update was run for the project. That means that the report will display the related information for the date when the update took place.
When a new "Verify Link Status" update is executed, you can still access the old data by going back to a previous date (when the update was done). The "Date" drop-down list box in the top right corner of the Referrers Report allows you to select the date for which the information is displayed.

For each referrer domain/URL you have the following information available:
Rank.
This is the rank of the referrer domain/URL and can take values between 0 and 10. The higher the better.
Alexa Rank.
This is the Alexa Traffic Rank that Alexa is collecting through the Alexa Toolbar from the users. The lower the better.
Quality ratio.
This is the referrer quality ratio computed using the formula selected by you in the Application preferences
Outbound links.
This is this is the overall number of off site links for the referrer URL/domain.
Backlinks.
This is the number of links from the referrer URL page pointing to one of your target URLs.
Added.
This is the number of links from the referrer URL page pointing to one of your target URLs in this update, but not in the previous one.
Removed.
This is the number of links from the referrer URL page pointing to one of your target URLs in the previous update, but not in this one.
Normal.
This is the number of links from the referrer URL page pointing to one of your target URLs for both this update and the previous one.
Detailed information on the referrers pointing to your target domain is shown in the lower right panel in Referrers Report. This panel displays information concerning the selected referrer domain/URL in the upper right panel.

For each link you have the following information available:
Link Text.
This is the text contained in the anchor tag of the link.
URL Title.
This is the title of the referrer page.
No follow.
This indicates - by means of a "Yes" value - whether either:
a given backlink from a referrer page has a rel="nofollow" hyperlink attribute set or
a given referrer page has content="nofollow" "META" tag attribute set in header
This means that the search engines are instructed not to consider such a backlink in rank calculations and to ignore backlinks from such a referrer page.
Status.
This is the status of the backlink. It can be one of the following values: "Added", "Removed" or "Normal".
Type.
This is the type of the link. It can be either text or image.
The filters in the Referrers Report can be:
Display filters.
Dynamic filters.

The display filters can be:
All.
Displays everything, all the referrer URLs and backlinks.
Normal.
Displays only the referrers that contain backlinks with a "Normal" status.
Added.
Displays only the referrers that contain backlinks with an "Added" status.
Removed.
Displays only the referrers that contain backlinks with a "Removed" status.
Text links.
Displays only the referrers containing backlinks with text as the anchor content.
Image links.
Displays only the referrers containing backlinks with images as anchor content.
No follow links.
Displays only the referrers containing backlinks that have a rel="nofollow" hyperlink attribute set.
Removed all links.
Displays only the referrers that have only removed links.
The dynamic filters can be set to filter by domain name, URL or link text. Just select one of there three criteria available, enter a text in the text box and Advanced Link Manager will filter out the referrers and links that do not match the given text.

You can also sort the data available by all the information available, just by clicking on the column header.
The context menu contains the following items:
Collapse all nodes. - collapse the Referrers report to show only the referrer domains.
Expand all nodes. - expands all referrer domains, showing all the referrer URLs from all the domains.
Open URL in browser. - opens the selected referrer URL in the system default browser.
Copy link address. - copies in the system clipboard the address of the selected referrer URL.
Export to CSV. - exports the Backlinks data to CSV format
One of the most powerful features of the Referrers Report is the referrers operations.
In the "Operation" drop down we have the following operations available:
Union.
The union operation will display a set of referres which contains the referrers that link to the domains selected in the "Primary domains" and the referrers that link to the domains selected in the "Secondary domains".
Difference.
The difference operation will display a set of referres which contains the referrers that link only to the domains selected in the "Primary domains" and do not link to the domains selected in the "Secondary domains".
This operation is useful when you want to see which referres you have to your domains and your competitors do not.
Intersection.
The intersection operation will display a set of referres which contains the referrers that link to both the domains selected in the "Primary domains" and the domains selected in the "Secondary domains" at the same time.
This is useful when you want to see which referrers link to you and your competitors (i.e. web directories)