The report, released today, also shows Ashley, pictured left, has been awarded a 7.5pc pay rise, meaning his salary will stand at more than £430,000 this year.
Of the £1.649m total remuneration awarded to him in 2014, £404,000 came in the form of his basic salary.
The report also revealed JP saved £13.8m in 2014, largely through “headcount reductions” with the number of people working for the company in 2014 decreasing from 3,728 to 3,242 – a drop of 486.
It followed a drop of 622 staff working for the company during 2013 and around 1,300 in 2012.
At the start of 2012 JP had around 5,650 people on its books, meaning its workforce has now decreased by almost 43pc in three years.
This year’s report reveals Ashley was also given £483,000 in annual bonuses, receiving 58.5pc of his salary for his “strong performance” based on the operation of the company, as well as a one-off bonus of 60pc of salary due to JP’s “successfully strengthened balance sheet and capital restructuring as a result of the successful refinancing”.
A further “long-term incentive”, payable three years after his employment with the company began if certain conditions and targets were met, saw him receive a further £645,000.
Pension and benefits payments (including healthcare insurance, car allowance and life assurance) accounted for the rest of his remuneration.
Chief financial officer David King, who received a basic salary of £255,000, compared to £146,000 in 2013, was given a £268,000 bonus based on “performance”.
A message to JP staff from chairman Ian Russell, which has been seen by HTFP, reads: “It is worth noting that Ashley, through the purchase of shares, has invested considerably more into Johnston Press than he has received in cash from all bonuses since joining in 2011, which is testament to his belief in the future success of the business.”
The message also touched on the newsroom of the future project, adding: “Newsroom of the future is a structural change to the way we will organise our newsrooms and also an evolutionary process whereby we will continually develop the way our journalists work so that we can focus on how to fulfil the digital strategy.
“It is already reaping the benefits in producing a better, more focused way of working that is freeing up our journalists to provide improved content for print and to meet the demands of our online audiences.
“The two news team structures, which are at the heart of the changes, have enabled journalists to improve the quality and increase the quantity of contributed content coming in from our communities whilst also allowing reporters more time to focus on the news and issues that are really affecting their communities.”
The report comes a month after the company’s annual results revealed operating profits were up 2.8pc to £55.5m last year, although revenues were down 4.4pc at £265.9m.
The company managed to pay off more than £100m of debt during 2014, with net debt down from £304m at the start of the year to £194m.
The company’s annual general meeting will be held in Edinburgh on 3 June.