You are getting a lot of good advice, but the actual answer to your question is as stated by j_garcia's post:
The display just shows what channels of information are present in the source signal, and has nothing to do with what speakers are putting out sound, or are even connected.
If you have a two-channel source, then just the FL and FR lights are lit up. But, if you are using PLII or PLIIx, then your receiver is creating signals for the center, surrounds, rears if equipped, etc.
If you have a dolby digital 5.1 or DTS-encoded source, then the FL, FR, C, SL, and SR lights will be lit, indicating a 5.1 source.