distinguish IFRS 2 Cash based and FL ias-32

An entity needs to Pay – cash based on its own equity shares .

it seems to satisfy definition of financial liability too (obligation to deliver cash) and ifrs 2 [cash settled sharebased payment].

what matter is “whether the cash is based on VARIABLE OR FIXED number of own equity instruments ,in case of variable its ifrs-9/ias 32 financial liability, if fixed ifrs 2 cash settled]

is this understanding right?

Basis:[ considering definition of finanial liability ,contract settled in VARIABLE own equity instruments are accounted under ifrs-9 as Financial Liability ]