diff --git a/conservancy_beancount/tools/extract_odf_links.py b/conservancy_beancount/tools/extract_odf_links.py
index d094bfc..57fe52b 100644
--- a/conservancy_beancount/tools/extract_odf_links.py
+++ b/conservancy_beancount/tools/extract_odf_links.py
@@ -84,7 +84,6 @@ read from stdin because it needs to know document paths to resolve links.
     return parser.parse_args(arglist)
 
 def extract_links(odf_path: Path) -> Iterator[Path]:
-    odf_root = odf_path.parent.resolve()
     with odf_path.open('rb') as odf_file:
         odf_doc = odf.opendocument.load(odf_file)
     for a_elem in odf_doc.getElementsByType(odf.text.A):
@@ -95,9 +94,12 @@ def extract_links(odf_path: Path) -> Iterator[Path]:
         if not path.is_absolute():
             path = (odf_path / path).resolve()
             try:
-                path.relative_to(odf_root)
+                path.relative_to(odf_path)
             except ValueError:
-                logger.warning(f"link {path} is neither absolute nor relative to {odf_path}")
+                pass
+            else:
+                # Link points to another document inside the ODF. Skip it.
+                continue
         yield path
 
 def main(arglist: Optional[Sequence[str]]=None,
diff --git a/setup.py b/setup.py
index 02e5580..de8c6d6 100755
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@ from setuptools import setup
 setup(
     name='conservancy_beancount',
     description="Plugin, library, and reports for reading Conservancy's books",
-    version='1.7.0',
+    version='1.7.1',
     author='Software Freedom Conservancy',
     author_email='info@sfconservancy.org',
     license='GNU AGPLv3+',
diff --git a/tests/repository/LinksReport.ods b/tests/repository/LinksReport.ods
index 79d257c..2748c5e 100644
Binary files a/tests/repository/LinksReport.ods and b/tests/repository/LinksReport.ods differ