THE former managing director of the Daily Record and Sunday Mail has received £1.36 million during the year he resigned from the Trinity Mirror board.

Mark Hollinshead was chief operating officer at the media company until he resigned in December.

The Trinity Mirror annual report shows Mr Hollinshead received bonuses worth £809,000, a basic salary of £375,000, taxable benefits worth £96,000 and pension benefit of £82,000 for 2014.

In the previous year his total remuneration equalled £793,000.

Mr Hollinshead is working his notice before he becomes chief executive of sports marketing firm Nova International later this year.

Trinity Mirror chief executive Simon Fox saw his rewards rise from £710,000 to almost £1.8m thanks to bonuses worth close to £1.2m. Finance director Vijay Vaghela saw his remuneration effectively double to almost £2m.

That came as Trinity Mirror saw turnover fall from £663.8m to £636.3m as a result of declining advertising and circulation revenue.

It said digital revenue had grown by 47.3 per cent to £32.4m.

Underlying pre-tax profits edged up from £101.3m to £102.3m helped by ongoing cost cutting.

It did not set aside any further money related for compensation into alleged phone hacking than the £12m already allocated.

However Trinity Mirror, which published apologies for phone hacking last month, said there was "ongoing uncertainty" about whether new claims might arise and the potential financial impact of those.

Mr Fox confirmed the company planned to pay a dividend of three pence per share, the first since 2008.